Physician - Cardiology Average Salary in Albania 2023

How much money does a person working as Physician - Cardiology make in Albania?

Average Monthly Salary

371,000 ALL

( 4,460,000 ALL yearly)

LOW
193,000
ALL AVERAGE
371,000
ALL HIGH
568,000
ALL

Physician - Cardiology Pay Scale and Salaries in Albania

Salary Structure and Pay Scale Comparison

5% of people earn
336,000 ALL or more

10% of people earn
299,000 to 336,000 ALL

20% of people earn
219,000 ALL or less

65% of people earn
219,000 to 299,000 ALL

Minimum Salary 193,000 ALL

Median 338,000 ALL

Maximum 568,000 ALL

Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

• Salary Range, Minimum Wage, and Starting Salary

  Physician - Cardiology salaries in Albania range from 193,000 ALL per month (starting salary) to 568,000 ALL per month (maximum salary). This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from all over the country.

• Median Salary

  The median salary is 338,000 ALL per month, which means that half (50%) of people working as Physician - Cardiology(s) are earning less than 338,000 ALL while the other half are earning more than 338,000 ALL. 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 and Salary Scale

  Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Physician - Cardiology(s) are earning less than 280,000 ALL while 75% of them are earning more than 280,000 ALL. Also from the diagram, 75% of Physician - Cardiology(s) are earning less than 383,000 ALL while 25% are earning more than 383,000 ALL.

• Pay Scale Structure

  We grouped the most common and recurring salaries into brackets to give more insight into what salary to expect. This method is more accurate than just the average salary and gives more insights on how salaries are actually distributed. Around 65% of all reported figures are in the range 219,000 ALL to 299,000 ALL. Approximatly 20% fall under the 219,000 ALL cap. Ten percent of wages are from 299,000 ALL to 336,000 ALL. Only 5% of people grossed 336,000 ALL or more.

Physician - Cardiology Salary Comparison by Years of Experience

How does experience and age affect your pay?

Physician - Cardiology average salary change by experience in Albania

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 Physician - Cardiology salaries by experience level and this is what we found.

Employees with less than two years of experience makes approximately 219,000 ALL per month.

While someone with an experience level between two and five years is expected to earn 294,000 ALL 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 382,000 ALL per month, 30% more than someone with two to five years of experience.

Additionally, Physician - Cardiology whose expertise span anywhere between ten and fifteen years get a salary equivalent to 463,000 ALL 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 506,000 ALL 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 532,000 ALL per month, 5% more than people with fifteen to twenty years of experience.

Typical Salary Progress for Most Careers

Salary and Compensation Comparison By Gender - Physician - Cardiology

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Physician - Cardiology employees in Albania earn 7% more than their female counterparts on average.

Salary Comparison By Gender in Albania for all Careers

Physician - Cardiology Average Annual Salary Increment Percentage in Albania

How much are annual salary increments in Albania for Physician - Cardiology(s)? How often do employees get salary raises?

Physician - Cardiology

Physician - Cardiology(s) in Albania are likely to observe a salary increase of approximately 10% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Albania / 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

Annual Increment Rate By Industry 2022

Listed above are the average annual increase rates for each industry in Albania for the year 2022. 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

Physician - Cardiology Bonus and Incentive Rates in Albania

How much and how often are bonuses being awarded?

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"Physician - Cardiology" is considered to be a high bonus-based job. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

33% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 67% 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		67%
No Bonus		33%

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?

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.

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.

Physician - Cardiology Salary Trend and Forecast in Albania

How are Physician - Cardiology salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Physician - Cardiology salaries in Albania are on the rise in the year 2023 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2022 are 3% higher than those of 2021. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from industry to another.

Physician - Cardiology Average Hourly Wage in Albania

2,140 ALL per hour

The average hourly wage (pay per hour) in Albania is 2,140 ALL. This means that the average Physician - Cardiology in Albania earns approximately 2,140 ALL for every worked hour.

About The Hourly Pay Rate

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.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for 'Physician - Cardiology' in Albania is 1,110 ALL. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Physician - Cardiology VS Other Jobs

The average salary for Physician - Cardiology is 64% more than that of Doctor / Physician. Also, Doctor / Physician salaries are 57% more than those of Health and Medical.

Salary comparison with similar jobs

Advanced Nutrition Aide	140,000 ALL	-62%
Advanced Practice Provider	133,000 ALL	-64%
Allergist	181,000 ALL	-51%
Behavioral Health Specialist	109,000 ALL	-71%
Chiropractor	119,000 ALL	-68%
Clinical Psychologist	316,000 ALL	-15%
Correctional Treatment Specialist	184,000 ALL	-50%
Counseling Psychologist	235,000 ALL	-37%
Dermatologist	295,000 ALL	-21%
Dietitian	196,000 ALL	-47%
Doctor	262,000 ALL	-29%
Emergency Department Physician	219,000 ALL	-41%
Exercise Physiologist	232,000 ALL	-38%
Forensic Pathologist	261,000 ALL	-30%
General Medical Practitioner	196,000 ALL	-47%
Genetic Counselor	161,000 ALL	-57%
Internist	321,000 ALL	-14%
Interventionist	309,000 ALL	-17%
Invasive Cardiologist	413,000 ALL	+11%
Mental Health Therapst	177,000 ALL	-52%
Naturopathic Physician	287,000 ALL	-23%
Neurologist	297,000 ALL	-20%
Neurophysiology Technologist	83,600 ALL	-77%
Nuclear Medicine Physician	255,000 ALL	-31%
Obstetrician / Gynecologist	278,000 ALL	-25%
Occupational Health Safety Specialist	142,000 ALL	-62%
Ophthalmologist	211,000 ALL	-43%
Optometrist	213,000 ALL	-43%
Pediatrician	238,000 ALL	-36%
Physical Therapist	159,000 ALL	-57%
Physical Therapy Director	185,000 ALL	-50%
Physician - Anesthesiology	345,000 ALL	-7%
Physician - Cardiology	371,000 ALL	-0%
Physician - CCU	211,000 ALL	-43%
Physician - Dermatology	299,000 ALL	-19%
Physician - Emergency Room	225,000 ALL	-39%
Physician - Endocrinology	288,000 ALL	-22%
Physician - Family Practice	201,000 ALL	-46%
Physician - Gastroenterology	273,000 ALL	-26%
Physician - Generalist	220,000 ALL	-41%
Physician - Geriatrics	190,000 ALL	-49%
Physician - Hematology / Oncology	267,000 ALL	-28%
Physician - Immunology / Allergy	307,000 ALL	-17%
Physician - Infectious Disease	263,000 ALL	-29%
Physician - Internal Medicine	322,000 ALL	-13%
Physician - Maternal / Fetal Medicine	258,000 ALL	-31%
Physician - Nephrology	317,000 ALL	-15%
Physician - Neurology	318,000 ALL	-14%
Physician - Nuclear Medicine	271,000 ALL	-27%
Physician - Obstetrics / Gynecology	287,000 ALL	-23%
Physician - Occupational Medicine	222,000 ALL	-40%
Physician - Ophthalmology	190,000 ALL	-49%
Physician - Otolaryngology	179,000 ALL	-52%
Physician - Pain Medicine	167,000 ALL	-55%
Physician - Pathology	213,000 ALL	-43%
Physician - Pediatric Cardiology	265,000 ALL	-29%
Physician - Pediatric Neonatology	253,000 ALL	-32%
Physician - Pediatrics	230,000 ALL	-38%
Physician - Physiatry	251,000 ALL	-32%
Physician - Podiatry	231,000 ALL	-38%
Physician - Pulmonary Medicine	183,000 ALL	-51%
Physician - Radiation Therapy	301,000 ALL	-19%
Physician - Radiology	302,000 ALL	-19%
Physician - Rheumatology	267,000 ALL	-28%
Physician - Sports Medicine	266,000 ALL	-28%
Physician - Urology	345,000 ALL	-7%
Physician Assistant	162,000 ALL	-56%
Physiotherapist	181,000 ALL	-51%
Podiatrist	192,000 ALL	-48%
Preventive Medicine Physician	228,000 ALL	-39%
Psychiatrist	255,000 ALL	-31%
Psychololgist	268,000 ALL	-28%
Psychometrician	231,000 ALL	-38%
Radiologist	268,000 ALL	-28%
Registered Respiratory Therapist	160,000 ALL	-57%
Skin Care Specialist	144,000 ALL	-61%
Urologist	337,000 ALL	-9%
Vision Rehabilitation Therapist	163,000 ALL	-56%

Salary Comparison By City

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 Albania earn 14% more than their private sector counterparts on average across all sectors.

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for Physician - Cardiology in Albania?

A good and competitive compensation would range anywhere between 338,000 ALL and 383,000 ALL. This is a very rough estimate and your experience and education will play a very huge part into your final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salart after tax for every career.

Base / Basic Salary

The base salary for Physician - Cardiology in Albania is ranges from 280,000 ALL to 383,000 ALL. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range in a grain of salt.