Banking Risk Analyst Average Salary in Bulgaria 2024
How much money does a person working as Banking Risk Analyst make in Bulgaria?
LOW
1,830
BGN AVERAGE
3,740
BGN HIGH
5,830
BGN
A person working as Banking Risk Analyst in Bulgaria typically earns around 3,740 BGN. Salaries range from 1,830 BGN (lowest) to 5,830 BGN (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Banking Risk Analyst salaries in Bulgaria vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Banking Risk Analyst Pay Scale and Salaries in Bulgaria
Salary Structure and Pay Scale Comparison
3,470 BGN or more
3,060 to 3,470 BGN
2,170 BGN or less
2,170 to 3,060 BGN
 1,830 BGN |
3,490 BGN |
5,830 BGN |
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 Banking Risk Analyst in Bulgaria range from 1,830 BGN (starting salary) to 5,830 BGN (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 3,490 BGN, half of the professionals who work as Banking Risk Analyst in Bulgaria 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 Banking Risk Analyst in Bulgaria earn less than 2,850 BGN, while 75% earn more. Similarly, the chart shows that 75% earn less than 3,990 BGN 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 Banking Risk Analyst in Bulgaria compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 2,170 BGN to 3,060 BGN. About 20% of salaries are below the 2,170 BGN mark, while 10% fall within the range of 3,060 BGN to 3,470 BGN. Only 5% of individuals have salaries exceeding 3,470 BGN.
Salary Comparison by Years of Experience / Banking Risk Analyst / Bulgaria
How do experience and age affect pay?
| 0 - 2 Years | 2,170 BGN | |
| 2 - 5 Years | +29% | 2,790 BGN |
| 5 - 10 Years | +38% | 3,850 BGN |
| 10 - 15 Years | +24% | 4,770 BGN |
| 15 - 20 Years | +7% | 5,110 BGN |
| 20+ Years | +7% | 5,450 BGN |
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 Banking Risk Analyst and this is what we found.
Employees with less than two years of experience earn approximately 2,170 BGN.
While someone with an experience level between two and five years is expected to earn 2,790 BGN, 29% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 3,850 BGN, 38% 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 4,770 BGN, 24% 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 5,110 BGN, 7% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 5,450 BGN, 7% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Banking Risk Analyst / Bulgaria
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Banking Risk Analyst.
| Bachelor's Degree | 2,710 BGN | |
| Master's Degree | +60% | 4,350 BGN |
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 Banking Risk Analyst in order to make a comparison.
Level 1: Bachelor's Degree
Employees at this education level have an average salary of 2,710 BGN.
Level 2: Master's Degree
At this level, the average salary becomes 4,350 BGN, 60% 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 Bulgaria costs anywhere from 16,600 BGN to 49,700 BGN 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 / Banking Risk Analyst / Bulgaria
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 Banking Risk Analyst in Bulgaria, the average difference between the salary of male and female employees is 6%.
| Male | 3,840 BGN | |
| Female | -6% | 3,610 BGN |
Salary Comparison By Gender in Bulgaria for all Careers
Average Annual Salary Increment Percentage / Banking Risk Analyst / Bulgaria
How much are annual salary increments in Bulgaria for individuals working as Banking Risk Analyst? How often do employees get salary raises?
Individuals working as Banking Risk Analyst in Bulgaria are likely to observe a salary increase of approximately 11% every 19 months. The national average annual increment for all professions combined is 7% granted to employees every 20 months.
Bulgaria / 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 / Banking Risk Analyst / Bulgaria
How much and how often are bonuses being awarded?
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21% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 79% 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 | 79% | |
| No Bonus | 21% |
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 / Banking Risk Analyst / Bulgaria
22 BGN per hourThe average hourly wage (pay per hour) for individuals working as Banking Risk Analyst in Bulgaria is 22 BGN.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 Banking Risk Analyst in Bulgaria is 11 BGN. 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 |
| Banking |  -100% | |
| AML Analyst | 4,910 BGN |  +31% |
| Assistant Bank Branch Manager | 4,330 BGN | +16% |
| Assistant Bank Manager | 5,720 BGN | +53% |
| ATM Manager | 4,990 BGN | +34% |
| ATM Service Technician | 1,290 BGN | -65% |
| Bank Accounts Analyst | 1,900 BGN | -49% |
| Bank Accounts Collector | 1,170 BGN | -69% |
| Bank Accounts Controller | 2,470 BGN | -34% |
| Bank Accounts Executive | 3,780 BGN | +1% |
| Bank Accounts Manager | 4,100 BGN | +10% |
| Bank Auditing Manager | 4,290 BGN | +15% |
| Bank Branch Manager | 5,710 BGN | +53% |
| Bank Branch Operations Coordinator | 2,700 BGN | -28% |
| Bank Clerk | 1,130 BGN | -70% |
| Bank Client Service Associate | 1,560 BGN | -58% |
| Bank Collector | 1,220 BGN | -67% |
| Bank Compliance Specialist | 3,200 BGN | -14% |
| Bank Manager | 7,190 BGN | +92% |
| Bank Operational Risk Manager | 6,690 BGN | +79% |
| Bank Operations Head | 6,870 BGN | +84% |
| Bank Operations Officer | 2,870 BGN | -23% |
| Bank Operations Specialist | 4,200 BGN | +12% |
| Bank Process Manager | 3,810 BGN | +2% |
| Bank Product Manager | 4,520 BGN | +21% |
| Bank Programme Manager | 4,720 BGN | +26% |
| Bank Project Manager | 5,510 BGN | +47% |
| Bank Propositions Manager | 5,070 BGN | +36% |
| Bank Quantitative Analyst | 3,390 BGN | -9% |
| Bank Regional Manager | 7,610 BGN | +100% |
| Bank Regional Risk Officer | 3,880 BGN | +4% |
| Bank Relationship Manager | 5,220 BGN | +40% |
| Bank Relationship Officer | 2,430 BGN | -35% |
| Bank Sustainability Analyst | 4,300 BGN | +15% |
| Bank Teller | 1,270 BGN | -66% |
| Banker | 2,490 BGN | -33% |
| Banking Business Analyst | 3,720 BGN | -0% |
| Banking Business Development Officer | 2,260 BGN | -40% |
| Banking Business Planning Executive | 5,150 BGN | +38% |
| Banking Data Analyst | 4,130 BGN | +11% |
| Banking Product Manager | 4,380 BGN | +17% |
| Banking Reference Data Manager | 4,080 BGN | +9% |
| Banking Regulatory Compliance Officer | 4,380 BGN | +17% |
| Banking Risk Analyst | 3,740 BGN | +0% |
| Banking Technical Analyst | 2,020 BGN | -46% |
| Bankruptcy Coordinator | 2,580 BGN | -31% |
| Bill and Account Collector | 1,350 BGN | -64% |
| Blockchain Analyst | 3,260 BGN | -13% |
| Blockchain Architect | 3,540 BGN | -5% |
| Blockchain Auditor | 3,240 BGN | -13% |
| Blockchain Compliance Analyst | 3,460 BGN | -7% |
| Blockchain Consultant | 3,390 BGN | -9% |
| Blockchain Trade Facilitator | 3,130 BGN | -16% |
| Budget Analyst | 3,690 BGN | -1% |
| Capital Risk Manager | 6,780 BGN | +81% |
| Cards Marketing Manager | 4,480 BGN | +20% |
| Cash Management Manager | 6,530 BGN | +75% |
| Check Processing Manager | 4,980 BGN | +33% |
| Chief Blockchain Officer | 4,220 BGN | +13% |
| Commercial Vault Associate | 3,740 BGN | +0% |
| Corporate Banker | 2,690 BGN | -28% |
| Corporate Dealer | 3,720 BGN | -0% |
| Credit Analyst | 2,990 BGN | -20% |
| Credit and Collections Manager | 4,860 BGN | +30% |
| Credit Card Fraud Investigator | 3,850 BGN | +3% |
| Credit Portfolio Manager | 6,590 BGN | +76% |
| Credit Risk Analyst | 4,240 BGN | +13% |
| Credit Risk Associate | 3,910 BGN | +5% |
| Cryptocurrency Accountant | 2,240 BGN | -40% |
| Cryptocurrency Adviser | 4,490 BGN | +20% |
| Cryptocurrency Analyst | 3,480 BGN | -7% |
| Cryptocurrency Compliance Manager | 4,040 BGN | +8% |
| Cryptocurrency Trader | 3,740 BGN | +0% |
| Digital Banking Manager | 5,170 BGN | +38% |
| Digital Currency Analyst | 3,660 BGN | -2% |
| Direct Bank Sales Representative | 2,720 BGN | -27% |
| Exchange Control Consultant | 3,780 BGN | +1% |
| Executive Account Analyst | 3,740 BGN | +0% |
| Financial Bank Planning Consultant | 4,930 BGN | +32% |
| Financial Banking Analysis Manager | 5,470 BGN | +46% |
| Financial Banking Assistant | 1,830 BGN | -51% |
| Financial Banking Systems Manager | 4,900 BGN | +31% |
| Foreign Exchange Manager | 5,410 BGN | +45% |
| Fraud Analyst | 3,880 BGN | +4% |
| Fraud Detection Associate | 2,770 BGN | -26% |
| Fraud Detection Manager | 5,850 BGN | +57% |
| Fraud Detection Supervisor | 3,130 BGN | -16% |
| Internal Bank Audit Manager | 6,970 BGN | +87% |
| Internal Bank Auditor | 3,470 BGN | -7% |
| Internal Private Banker | 2,570 BGN | -31% |
| International Banking Manager | 7,580 BGN | +100% |
| Investment Banking Analyst | 5,550 BGN | +49% |
| Loan Analyst | 3,500 BGN | -6% |
| Loan Area Manager | 4,590 BGN | +23% |
| Loan Audit Team Leader | 4,300 BGN | +15% |
| Loan Branch Manager | 3,980 BGN | +7% |
| Loan Business Development Officer | 2,220 BGN | -41% |
| Loan Clerk | 1,340 BGN | -64% |
| Loan Collection and Recovery Manager | 4,380 BGN | +17% |
| Loan Collection Manager | 4,240 BGN | +13% |
| Loan Collector | 1,240 BGN | -67% |
| Loan Examiner | 1,540 BGN | -59% |
| Loan Officer | 1,370 BGN | -63% |
| Loan Processing Manager | 3,930 BGN | +5% |
| Loan Processor | 1,700 BGN | -55% |
| Loan Quality Assurance Auditor | 3,560 BGN | -5% |
| Loan Quality Assurance Manager | 4,100 BGN | +10% |
| Loan Quality Assurance Representative | 2,820 BGN | -25% |
| Loan Review Manager | 3,980 BGN | +7% |
| Loan Team Leader | 3,680 BGN | -2% |
| Loans Manager | 4,770 BGN | +28% |
| Mortgage Advisor | 2,620 BGN | -30% |
| Mortgage Collection Manager | 4,120 BGN | +10% |
| Mortgage Collector | 1,190 BGN | -68% |
| Mortgage Credit Analyst | 2,000 BGN | -46% |
| Mortgage Credit Manager | 3,930 BGN | +5% |
| Mortgage Development Manager | 4,660 BGN | +25% |
| Mortgage Document Reviewer | 1,640 BGN | -56% |
| Mortgage Funding Manager | 4,550 BGN | +22% |
| Mortgage Operations Manager | 6,490 BGN | +74% |
| Mortgage Payment Processing Clerk | 1,340 BGN | -64% |
| Mortgage Processing Manager | 4,160 BGN | +11% |
| Mortgage Processor | 1,690 BGN | -55% |
| Mortgage Quality Assurance Auditor | 3,580 BGN | -4% |
| Mortgage Quality Assurance Manager | 4,240 BGN | +13% |
| Mortgage Servicing Clerk | 1,220 BGN | -67% |
| Mortgage Servicing Manager | 4,010 BGN | +7% |
| Mortgage Underwriter | 1,480 BGN | -60% |
| Online Banking Manager | 6,650 BGN | +78% |
| Open Banking Strategist | 3,840 BGN | +3% |
| Payment Processing Clerk | 1,270 BGN | -66% |
| Personal Banker | 2,670 BGN | -29% |
| Personal Banking Advisor | 2,830 BGN | -24% |
| Phone Banker | 1,840 BGN | -51% |
| Private Banker | 2,670 BGN | -29% |
| Reconciliation and Investigation Specialist | 2,860 BGN | -23% |
| Tax Officer | 2,140 BGN | -43% |
| Teller | 1,260 BGN | -66% |
| Trade Officer | 1,430 BGN | -62% |
| Trade Product Manager | 4,250 BGN | +14% |
| Trader | 1,840 BGN | -51% |
| Treasury Operations Officer | 3,200 BGN | -14% |
| Wealth Management Advisor | 5,200 BGN | +39% |
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 Bulgaria is 9% on average across all career fields.
| Private Sector | 3,140 BGN | |
| Public Sector | +9% | 3,440 BGN |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Banking Risk Analyst in Bulgaria?
A good and competitive compensation would range anywhere between 3,490 BGN and 3,990 BGN. 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 Banking Risk Analyst in Bulgaria ranges from 1,830 BGN to 2,850 BGN. 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
