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Business Development Manager Average Salary in Hungary 2020

How much money does a Business Development Manager make in Hungary?


Average Monthly Salary
1,710,000 HUF
( 20,600,000 HUF yearly)

LOW
788,000
HUF
AVERAGE
1,710,000
HUF
HIGH
2,720,000
HUF

A person working as a Business Development Manager in Hungary typically earns around 1,710,000 HUF per month. Salaries range from 788,000 HUF (lowest) to 2,720,000 HUF (highest).

This is the average monthly salary including housing, transport, and other benefits. Business Development Manager salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Business Development Manager Salary Distribution in Hungary

Median and salary distribution monthly Hungary Business Development Manager
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The median, the maximum, the minimum, and the range

  • Salary Range

    Business Development Manager salaries in Hungary range from 788,000 HUF per month (minimum salary) to 2,720,000 HUF per month (maximum salary).

  • Median Salary

    The median salary is 1,850,000 HUF per month, which means that half (50%) of people working as Business Development Manager(s) are earning less than 1,850,000 HUF while the other half are earning more than 1,850,000 HUF. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Business Development Manager(s) are earning less than 1,190,000 HUF while 75% of them are earning more than 1,190,000 HUF. Also from the diagram, 75% of Business Development Manager(s) are earning less than 2,470,000 HUF while 25% are earning more than 2,470,000 HUF.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Business Development Manager Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Hungary Business Development Manager
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Business Development Manager salaries by experience level and this is what we found.

A Business Development Manager with less than two years of experience makes approximately 895,000 HUF per month.

While someone with an experience level between two and five years is expected to earn 1,190,000 HUF per month, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 1,770,000 HUF per month, 48% more than someone with two to five years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Additionally, Business Development Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 2,150,000 HUF per month, 22% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 2,350,000 HUF per month, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 2,540,000 HUF per month, 8% more than people with fifteen to twenty years of experience.


Business Development Manager average salary change by experience in Hungary

0 - 2 Years
895,000 HUF
2 - 5 Years+34%
1,190,000 HUF
5 - 10 Years+48%
1,770,000 HUF
10 - 15 Years+22%
2,150,000 HUF
15 - 20 Years+9%
2,350,000 HUF
20+ Years+8%
2,540,000 HUF
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Business Development Manager Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Business Development Manager(s) who have the same experience but different education levels.

Salary comparison by education level monthly Hungary Business Development Manager
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Business Development Manager salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Business Development Manager is 1,100,000 HUF per month.

While someone with a Certificate or Diploma gets a salary of 1,290,000 HUF per month, 18% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 1,870,000 HUF per month, 45% more than someone with a Certificate or Diploma.

Professionals who hold a Master's Degree are rewarded with an average salary of 2,450,000 HUF per month, 31% more than someone with Bachelor's Degree.


Business Development Manager average salary difference by education level in Hungary

High School
1,100,000 HUF
Certificate or Diploma+18%
1,290,000 HUF
Bachelor's Degree+45%
1,870,000 HUF
Master's Degree+31%
2,450,000 HUF
Percentage increase and decrease are relative to the previous value

Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Hungary costs anywhere from 6,390,000 Forint(s) to 19,200,000 Forint(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Business Development Manager Salary Comparison By Gender

Salary comparison by gender monthly Hungary Business Development Manager
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Business Development Manager employees in Hungary earn 14% more than their female counterparts.

Female
1,600,000 HUF
Male+14%
1,820,000 HUF
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Hungary for all Careers

Salary comparison by gender monthly Hungary
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Business Development Manager Average Annual Salary Increment Percentage in Hungary

How much are annual salary increments in Hungary for Business Development Manager(s)? How often do employees get salary raises?

Business Development Manager

Business Development Manager(s) in Hungary are likely to observe a salary increase of approximately 14% every 16 months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.

Annual Salary Increment Rate Hungary Business Development Manager
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Hungary / All Professions

Annual Salary Increment Rate Hungary
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The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in Hungary is 6%.

Annual Increment Rate By Industry 2019

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Listed above are the average annual increase rates for each industry in Hungary for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

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Business Development Manager Bonus and Incentive Rates in Hungary

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Hungary Business Development Manager
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A Business Development Manager is considered to be a high bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

17% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 83% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
83%
No Bonus
17%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Hungary
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Where can you get paid more, working for a private company or for the government? Public sector Business Development Manager employees in Hungary earn 9% more than their private sector counterparts.

Private Sector
1,230,000 HUF
Public Sector+9%
1,340,000 HUF
Percentage increase and decrease are relative to the previous value

Business Development Manager Salary Trend and Forecast in Hungary

How are Business Development Manager salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Hungary Business Development Manager
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Average Salary 2016
1,480,000 HUF
Average Salary 2017+4%
1,540,000 HUF
Average Salary 2018+4%
1,590,000 HUF
Average Salary 2019+4%
1,650,000 HUF
Percentage increase and decrease are relative to the previous value

Business Development Manager salaries in Hungary are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 4% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.

Business Development Manager Average Hourly Wage in Hungary


9,890 HUF per hour

The average hourly wage (pay per hour) in Hungary is 9,890 HUF. This means that the average Business Development Manager in Hungary earns approximately 9,890 HUF for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Business Development Manager VS Other Jobs

Salary Comparison Between Business Development Manager and Business Planning monthly Hungary
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The average salary for Business Development Manager is 18% more than that of Business Planning. Also, Business Planning salaries are 13% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Assistant Business Development Manager1,280,000 HUF-25%
Assistant Merchandise Planner1,310,000 HUF-24%
Business Advisor1,410,000 HUF-18%
Business Analyst1,410,000 HUF-18%
Business Consultant1,430,000 HUF-17%
Business Continuity Associate1,310,000 HUF-24%
Business Development Associate1,260,000 HUF-26%
Business Development Coordinator1,080,000 HUF-37%
Business Development Manager1,710,000 HUF-0%
Business Development Specialist1,400,000 HUF-18%
Business Operations Specialist1,460,000 HUF-15%
Business Process Writer1,270,000 HUF-26%
Capacity Planner1,250,000 HUF-27%
Capacity Planning Supervisor1,370,000 HUF-20%
Change Communications Analyst1,380,000 HUF-19%
Change Control Analyst1,410,000 HUF-18%
Contracts Executive1,420,000 HUF-17%
Corporate Strategy Analyst1,450,000 HUF-15%
Cost Control Engineer1,320,000 HUF-23%
Cost Estimator1,040,000 HUF-39%
Data Executive1,090,000 HUF-36%
Development Researcher1,110,000 HUF-35%
Due Diligence Analyst1,520,000 HUF-11%
Estimating Manager1,570,000 HUF-8%
General Manager1,880,000 HUF+10%
Incident Handler1,260,000 HUF-26%
Incident Specialist1,300,000 HUF-24%
Lean Consultant1,240,000 HUF-28%
Manager2,040,000 HUF+19%
Materials Planner952,000 HUF-44%
Merchandise Controller947,000 HUF-45%
Merchandise Planner920,000 HUF-46%
Operations Analyst1,170,000 HUF-32%
Operations Research Analyst1,290,000 HUF-25%
Planning and Reporting Manager1,440,000 HUF-16%
Planning Director1,880,000 HUF+10%
Project Administrator1,300,000 HUF-24%
Project Manager1,380,000 HUF-19%
Project Planner1,220,000 HUF-29%
Research Assistant1,190,000 HUF-31%
Research Engineer1,260,000 HUF-26%
Research Officer1,150,000 HUF-33%
Risk Management Specialist1,460,000 HUF-15%
Scholarship Coordinator1,020,000 HUF-40%
Store Planner1,230,000 HUF-28%
Strategy Director1,950,000 HUF+14%
Top Research and Development Executive2,090,000 HUF+22%

Salary Comparison By City

CityAverage Salary
Budapest2,050,000 HUF
Debrecen1,820,000 HUF
0 - 0

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