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General Manager Average Salary in Hungary 2022

How much money does a General Manager make in Hungary?


Average Monthly Salary
823,000 HUF
( 9,880,000 HUF yearly)

LOW
428,000
HUF
AVERAGE
823,000
HUF
HIGH
1,260,000
HUF

A person working as a General Manager in Hungary typically earns around 823,000 HUF per month. Salaries range from 428,000 HUF (lowest) to 1,260,000 HUF (highest).

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

General Manager Salary Distribution in Hungary

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

  • Salary Range

    General Manager salaries in Hungary range from 428,000 HUF per month (minimum salary) to 1,260,000 HUF per month (maximum salary).

  • Median Salary

    The median salary is 790,000 HUF per month, which means that half (50%) of people working as General Manager(s) are earning less than 790,000 HUF while the other half are earning more than 790,000 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 General Manager(s) are earning less than 548,000 HUF while 75% of them are earning more than 548,000 HUF. Also from the diagram, 75% of General Manager(s) are earning less than 984,000 HUF while 25% are earning more than 984,000 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

General Manager Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Hungary General 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 General Manager salaries by experience level and this is what we found.

A General Manager with less than two years of experience makes approximately 486,000 HUF per month.

While someone with an experience level between two and five years is expected to earn 653,000 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 848,000 HUF per month, 30% 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, General Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 1,030,000 HUF per month, 21% 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 1,120,000 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 1,180,000 HUF per month, 5% more than people with fifteen to twenty years of experience.


General Manager average salary change by experience in Hungary

0 - 2 Years
486,000 HUF
2 - 5 Years+34%
653,000 HUF
5 - 10 Years+30%
848,000 HUF
10 - 15 Years+21%
1,030,000 HUF
15 - 20 Years+9%
1,120,000 HUF
20+ Years+5%
1,180,000 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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General Manager Salary Comparison By Education

How do education levels affect salaries?

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

Salary comparison by education level monthly Hungary General 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 General Manager salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a General Manager is 586,000 HUF per month.

While someone with a Certificate or Diploma gets a salary of 669,000 HUF per month, 14% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 944,000 HUF per month, 41% more than someone with a Certificate or Diploma.

Professionals who hold a Master's Degree are rewarded with an average salary of 1,140,000 HUF per month, 21% more than someone with Bachelor's Degree.


General Manager average salary difference by education level in Hungary

High School
586,000 HUF
Certificate or Diploma+14%
669,000 HUF
Bachelor's Degree+41%
944,000 HUF
Master's Degree+21%
1,140,000 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 2,470,000 Forint(s) to 7,400,000 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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General Manager Salary Comparison By Gender

Salary comparison by gender monthly Hungary General 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 General Manager employees in Hungary earn 7% more than their female counterparts on average.

Male
854,000 HUF
Female-6%
799,000 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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General Manager Average Annual Salary Increment Percentage in Hungary

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

General Manager

General 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 General 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

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 2021

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 2021. 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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General Manager Bonus and Incentive Rates in Hungary

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Hungary General Manager
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A General 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.

22% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 78% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.

Received Bonus
78%
No Bonus
22%

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.

General Manager Average Hourly Wage in Hungary


4,750 HUF per hour

The average hourly wage (pay per hour) in Hungary is 4,750 HUF. This means that the average General Manager in Hungary earns approximately 4,750 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.

General Manager VS Other Jobs

Salary Comparison Between General Manager and Executive and Management monthly Hungary
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The average salary for General Manager is 23% more than that of Executive and Management. Also, Executive and Management salaries are 35% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Coordinator425,000 HUF-48%
Administration Manager527,000 HUF-36%
Area Manager500,000 HUF-39%
Asset Protection Associate560,000 HUF-32%
Assistant Director558,000 HUF-32%
Assistant Manager557,000 HUF-32%
Assistant Operations Manager636,000 HUF-23%
Assistant Project Manager530,000 HUF-36%
Assistant Section Head438,000 HUF-47%
Assistant to CEO526,000 HUF-36%
Assistant Vice President602,000 HUF-27%
Associate Director573,000 HUF-30%
Bid Manager623,000 HUF-24%
Branch Manager621,000 HUF-25%
Business Development Manager688,000 HUF-16%
Business Operations Associate570,000 HUF-31%
Business Operations Lead587,000 HUF-29%
Campaign Manager609,000 HUF-26%
Chairman of The Board1,070,000 HUF+30%
Chairman Office Manager699,000 HUF-15%
Chief Corporate Officer866,000 HUF+5%
Chief Executive Officer1,080,000 HUF+31%
Chief Financial Officer1,000,000 HUF+21%
Chief of Staff496,000 HUF-40%
Chief Operating Officer811,000 HUF-1%
Chief Risk Officer686,000 HUF-17%
Client Services Manager706,000 HUF-14%
Commercial Project Manager548,000 HUF-33%
Commodity Broker421,000 HUF-49%
Corporate Affairs Executive594,000 HUF-28%
Corporate Compliance Director702,000 HUF-15%
Corporate Director736,000 HUF-11%
Corporate Officer503,000 HUF-39%
Corporate Partnerships Officer482,000 HUF-41%
Country Manager853,000 HUF+4%
Deputy Director759,000 HUF-8%
Director817,000 HUF-1%
Director of Accreditation709,000 HUF-14%
Director of Catering Services637,000 HUF-23%
Director of Client Services675,000 HUF-18%
Director of Facilities Management582,000 HUF-29%
Director of Operations709,000 HUF-14%
Director of Process Simplification575,000 HUF-30%
Director of Project Management757,000 HUF-8%
Director of Revenue Management669,000 HUF-19%
Director of Training and Development680,000 HUF-17%
Distribution Manager726,000 HUF-12%
Division Manager626,000 HUF-24%
Duty Manager597,000 HUF-27%
Engagement Manager711,000 HUF-14%
Executive Director1,040,000 HUF+26%
Executive Manager848,000 HUF+3%
Franchise Manager880,000 HUF+7%
General Manager823,000 HUF-0%
Global Master Data Manager739,000 HUF-10%
Head of Middle Office679,000 HUF-18%
Head of Projects727,000 HUF-12%
Head of Sustainability607,000 HUF-26%
Housing Manager559,000 HUF-32%
HSE Manager556,000 HUF-32%
Key Account Manager587,000 HUF-29%
Knowledge Manager698,000 HUF-15%
Location Manager645,000 HUF-22%
Logistics Manager549,000 HUF-33%
Management Consultant558,000 HUF-32%
Management Executive789,000 HUF-4%
Manager722,000 HUF-12%
Managing Director843,000 HUF+2%
MIS Executive683,000 HUF-17%
Ocean Services Manager701,000 HUF-15%
Operations Assistant519,000 HUF-37%
Operations Director808,000 HUF-2%
Operations Executive773,000 HUF-6%
Operations Manager805,000 HUF-2%
Operations Supervisor631,000 HUF-23%
Policy Administration Executive583,000 HUF-29%
Private Sector Executive642,000 HUF-22%
Product Development Manager714,000 HUF-13%
Product Executive617,000 HUF-25%
Production Executive706,000 HUF-14%
Production Manager731,000 HUF-11%
Production Supervisor597,000 HUF-27%
Program Manager753,000 HUF-9%
Programme Coordinator481,000 HUF-42%
Project Control Manager700,000 HUF-15%
Project Coordinator444,000 HUF-46%
Project Management Officer489,000 HUF-41%
Project Manager524,000 HUF-36%
Project Portfolio Manager551,000 HUF-33%
Quality Manager564,000 HUF-31%
R/D Director614,000 HUF-25%
Regional Director957,000 HUF+16%
Regional Manager757,000 HUF-8%
Relationship Manager689,000 HUF-16%
Retail District Manager482,000 HUF-41%
Revenue Manager541,000 HUF-34%
Risk and Capital Manager766,000 HUF-7%
Risk Officer512,000 HUF-38%
Safety Manager500,000 HUF-39%
Section Head556,000 HUF-32%
Service Manager570,000 HUF-31%
Shift Supervisor452,000 HUF-45%
Solutions Manager516,000 HUF-37%
Supervisor427,000 HUF-48%
Supply Chain Manager766,000 HUF-7%
Surveyor473,000 HUF-43%
Technical Manager641,000 HUF-22%
Territory Manager694,000 HUF-16%
Validation Manager582,000 HUF-29%
Vice President836,000 HUF+2%
Zone Manager719,000 HUF-13%

Salary Comparison By City

CityAverage Salary
Budapest886,000 HUF
Debrecen847,000 HUF

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Hungary earn 9% more than their private sector counterparts on average across all sectors.

Private Sector
474,000 HUF
Public Sector+9%
516,000 HUF
Percentage increase and decrease are relative to the previous value

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