Medical Records Coding Manager Average Salary in Budapest 2024
How much money does a person working as Medical Records Coding Manager make in Budapest?
LOW
267,000
HUF AVERAGE
580,000
HUF HIGH
922,000
HUF
A person working as Medical Records Coding Manager in Budapest typically earns around 580,000 HUF. Salaries range from 267,000 HUF (lowest) to 922,000 HUF (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Medical Records Coding Manager salaries in Budapest vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Medical Records Coding Manager Pay Scale and Salaries in Budapest
Salary Structure and Pay Scale Comparison
550,000 HUF or more
482,000 to 550,000 HUF
332,000 HUF or less
332,000 to 482,000 HUF
 267,000 HUF |
555,000 HUF |
922,000 HUF |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Medical Records Coding Manager in Budapest range from 267,000 HUF (starting salary) to 922,000 HUF (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 555,000 HUF, half of the professionals who work as Medical Records Coding Manager in Budapest earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Medical Records Coding Manager in Budapest earn less than 447,000 HUF, while 75% earn more. Similarly, the chart shows that 75% earn less than 639,000 HUF while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Medical Records Coding Manager in Budapest compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 332,000 HUF to 482,000 HUF. About 20% of salaries are below the 332,000 HUF mark, while 10% fall within the range of 482,000 HUF to 550,000 HUF. Only 5% of individuals have salaries exceeding 550,000 HUF.
Salary Comparison by Years of Experience / Medical Records Coding Manager / Budapest
How do experience and age affect pay?
| 0 - 2 Years | 303,000 HUF | |
| 2 - 5 Years | +34% | 405,000 HUF |
| 5 - 10 Years | +48% | 598,000 HUF |
| 10 - 15 Years | +22% | 729,000 HUF |
| 15 - 20 Years | +9% | 795,000 HUF |
| 20+ Years | +8% | 860,000 HUF |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Medical Records Coding Manager and this is what we found.
Employees with less than two years of experience earn approximately 303,000 HUF.
While someone with an experience level between two and five years is expected to earn 405,000 HUF, 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 598,000 HUF, 48% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 729,000 HUF, 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 795,000 HUF, 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 860,000 HUF, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Medical Records Coding Manager / Budapest
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Medical Records Coding Manager.
| Bachelor's Degree | 346,000 HUF | |
| Master's Degree | +57% | 542,000 HUF |
| PhD | +68% | 909,000 HUF |
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 salaries by education level for the position Medical Records Coding Manager in order to make a comparison.
Level 1: Bachelor's Degree
Employees at this education level have an average salary of 346,000 HUF.
Level 2: Master's Degree
At this level, the average salary becomes 542,000 HUF, 57% more than the previous level.
Level 3: PhD
At this level, the average salary becomes 909,000 HUF, 68% more than the previous level.
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 HUF to 7,420,000 HUF 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 to a higher-paying job. The numbers seem to support the theory. 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 and Compensation Comparison By Gender / Medical Records Coding Manager / Budapest
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Medical Records Coding Manager in Hungary, the average difference between the salary of male and female employees is 7%.
| Male | 594,000 HUF | |
| Female | -6% | 556,000 HUF |
Salary Comparison By Gender in Hungary for all Careers
Average Annual Salary Increment Percentage / Medical Records Coding Manager / Budapest
How much are annual salary increments in Budapest for individuals working as Medical Records Coding Manager? How often do employees get salary raises?
Individuals working as Medical Records Coding Manager in Hungary are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.
Hungary / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Medical Records Coding Manager / Hungary
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/hungary/health-and-medical/healthcare-management/medical-records-coding-manager/annual-salary-bonus-rate-hungary-medical-records-coding-manager.jpg
100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
| Received Bonus | % | |
| No Bonus | 100% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 Generators | Supporting 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: | Example: |
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.
Average Hourly Wage / Medical Records Coding Manager / Budapest
3,350 HUF per hourThe average hourly wage (pay per hour) for individuals working as Medical Records Coding Manager in Budapest is 3,350 HUF.This is the rate they get paid 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 fixed 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 people working as Medical Records Coding Manager in Budapest is 1,540 HUF. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Health and Medical |  -100% | |
| Administrative Director | 894,000 HUF |  +54% |
| Admitting Clerk | 174,000 HUF | -70% |
| Admitting Manager | 522,000 HUF | -10% |
| Admitting Representative | 248,000 HUF | -57% |
| Breast Center Manager | 1,490,000 HUF | +160% |
| Cardiology Manager | 1,520,000 HUF | +160% |
| Care Coordinator | 254,000 HUF | -56% |
| Certified Medical Assistant | 293,000 HUF | -49% |
| Chief Clinical Transformation Officer | 833,000 HUF | +44% |
| Chief Genomics Officer | 1,210,000 HUF | +110% |
| Chief Mental Health Officer | 1,490,000 HUF | +160% |
| Chief Neurotechnology Officer | 1,570,000 HUF | +170% |
| Chief of Psychology | 1,630,000 HUF | +180% |
| Chief Population Health Officer | 1,220,000 HUF | +110% |
| Clinical Director | 1,420,000 HUF | +140% |
| Clinical Policy Developer | 444,000 HUF | -23% |
| Coding Practice Manager | 599,000 HUF | +3% |
| Community Organizer | 261,000 HUF | -55% |
| Community Relations Manager | 547,000 HUF | -6% |
| Credentialing Analyst | 429,000 HUF | -26% |
| Data Coordinator | 220,000 HUF | -62% |
| Director of Medical Staff Services | 955,000 HUF | +65% |
| Discharge Coordinator | 218,000 HUF | -62% |
| Emergency Management Director | 1,240,000 HUF | +110% |
| Emergency Services Director | 1,410,000 HUF | +140% |
| ER Registration Supervisor | 340,000 HUF | -41% |
| Food Services Director | 658,000 HUF | +13% |
| Health Compliance Director | 1,270,000 HUF | +120% |
| Health Compliance Manager | 790,000 HUF | +36% |
| Health Data Privacy Officer | 611,000 HUF | +5% |
| Health Economist | 1,220,000 HUF | +110% |
| Health Information Management Specialist | 465,000 HUF | -20% |
| Health Information Manager | 609,000 HUF | +5% |
| Health Services Manager | 1,120,000 HUF | +93% |
| Health Technology Consultant | 580,000 HUF | -0% |
| Healthcare Analytics Manager | 665,000 HUF | +15% |
| HealthTech Regulatory Consultant | 540,000 HUF | -7% |
| Home Health Scheduler | 278,000 HUF | -52% |
| Intake Coordinator | 247,000 HUF | -57% |
| Lead Patient Account Representative | 466,000 HUF | -20% |
| Managed Care Assistant | 259,000 HUF | -55% |
| Maternity Services Director | 1,110,000 HUF | +91% |
| Medical Administrator | 538,000 HUF | -7% |
| Medical Assistant | 262,000 HUF | -55% |
| Medical Billing Clerk | 213,000 HUF | -63% |
| Medical Billing Specialist | 428,000 HUF | -26% |
| Medical Director | 1,150,000 HUF | +98% |
| Medical Equipment Maintenance Manager | 489,000 HUF | -16% |
| Medical Insurance Manager | 872,000 HUF | +50% |
| Medical Office Administrator | 483,000 HUF | -17% |
| Medical Office Manager | 866,000 HUF | +49% |
| Medical Policy Manager | 733,000 HUF | +26% |
| Medical Policy Specialist | 455,000 HUF | -22% |
| Medical Project Coordinator | 333,000 HUF | -43% |
| Medical Records Administrator | 342,000 HUF | -41% |
| Medical Records Clerk | 154,000 HUF | -73% |
| Medical Records Coding Manager | 580,000 HUF | -0% |
| Medical Records Director | 681,000 HUF | +17% |
| Medical Records Specialist | 328,000 HUF | -43% |
| Medical Records Transcriptionist | 256,000 HUF | -56% |
| Medical Secretary | 272,000 HUF | -53% |
| Medical Staff Services Specialist | 520,000 HUF | -10% |
| Patient Account Represenatative | 398,000 HUF | -31% |
| Population Health Manager | 872,000 HUF | +50% |
| Practice Manager | 1,040,000 HUF | +79% |
| Program Coordinator | 232,000 HUF | -60% |
| Project Manager | 595,000 HUF | +3% |
| Quality Assurance Manager | 676,000 HUF | +17% |
| Radiology Manager | 1,320,000 HUF | +130% |
| Registered Medical Assistant | 268,000 HUF | -54% |
| Rehabilitation Director | 1,180,000 HUF | +100% |
| Rehabilitation Services Manager | 1,330,000 HUF | +130% |
| Treatment Services Director | 1,440,000 HUF | +150% |
| Ward Manager | 721,000 HUF | +24% |
Salary Comparison By City
| City | Average Salary |
| Budapest | 580,000 HUF |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Hungary is 9% on average across all career fields.
| Private Sector | 476,000 HUF | |
| Public Sector | +9% | 518,000 HUF |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Medical Records Coding Manager in Budapest?
A good and competitive compensation would range anywhere between 555,000 HUF and 639,000 HUF. This is a very rough estimate. Experience and education play a very huge part in the 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 salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Medical Records Coding Manager in Budapest ranges from 267,000 HUF to 447,000 HUF. 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 with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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
