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Business Analyst Average Salary in Bulgaria 2024

How much money does a person working as Business Analyst make in Bulgaria?

Average Monthly Salary
4,040 BGN
( 48,500 BGN yearly)

All salary figures displayed here are per month except when noted otherwise.
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.

A person working as Business Analyst in Bulgaria typically earns around 4,040 BGN. Salaries range from 2,100 BGN (lowest) to 6,180 BGN (highest).

Salary Variance

This is the average salary including housing, transport, and other benefits. Business 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.

Business Analyst Pay Scale and Salaries in Bulgaria

Median and salary distribution Bulgaria Business Analyst monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
3,660 BGN or more
10% of people earn
3,260 to 3,660 BGN
20% of people earn
2,380 BGN or less
65% of people earn
2,380 to 3,260 BGN
Minimum Salary
2,100 BGN
3,670 BGN
6,180 BGN

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

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Business Analyst in Bulgaria range from 2,100 BGN (starting salary) to 6,180 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 3,670 BGN, half of the professionals who work as Business 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 Business Analyst in Bulgaria earn less than 3,050 BGN, while 75% earn more. Similarly, the chart shows that 75% earn less than 4,170 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 Business Analyst in Bulgaria compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 2,380 BGN to 3,260 BGN. About 20% of salaries are below the 2,380 BGN mark, while 10% fall within the range of 3,260 BGN to 3,660 BGN. Only 5% of individuals have salaries exceeding 3,660 BGN.

Salary Comparison by Years of Experience / Business Analyst / Bulgaria

How do experience and age affect pay?

0 - 2 Years
2,390 BGN
2 - 5 Years+34%
3,200 BGN
5 - 10 Years+30%
4,160 BGN
10 - 15 Years+21%
5,040 BGN
15 - 20 Years+9%
5,510 BGN
20+ Years+5%
5,790 BGN
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Bulgaria Business Analyst
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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 Business Analyst and this is what we found.

All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 2,390 BGN.

While someone with an experience level between two and five years is expected to earn 3,200 BGN, 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 4,160 BGN, 30% 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 5,040 BGN, 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 5,510 BGN, 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 5,790 BGN, 5% more than people with fifteen to twenty 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.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Business Analyst / Bulgaria

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Business Analyst.

High School
2,880 BGN
Certificate or Diploma+14%
3,280 BGN
Bachelor's Degree+41%
4,630 BGN
Master's Degree+21%
5,610 BGN
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Bulgaria Business Analyst
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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 salaries by education level for the position Business Analyst in order to make a comparison.

Level 1: High School

Employees at this education level have an average salary of 2,880 BGN.

Level 2: Certificate or Diploma

At this level, the average salary becomes 3,280 BGN, 14% more than the previous level.

Level 3: Bachelor's Degree

At this level, the average salary becomes 4,630 BGN, 41% more than the previous level.

Level 4: Master's Degree

At this level, the average salary becomes 5,610 BGN, 21% 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 Comparison By Education Level
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Salary and Compensation Comparison By Gender / Business Analyst / Bulgaria

Salary comparison by gender Bulgaria Business Analyst monthly
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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? For the people who work as Business Analyst in Bulgaria, the average difference between the salary of male and female employees is 6%.

4,180 BGN
3,930 BGN
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Bulgaria for all Careers

Salary comparison by gender monthly Bulgaria
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Average Annual Salary Increment Percentage / Business Analyst / Bulgaria

How much are annual salary increments in Bulgaria for individuals working as Business Analyst? How often do employees get salary raises?

Individuals working as Business Analyst in Bulgaria are likely to observe a salary increase of approximately 12% every 19 months. The national average annual increment for all professions combined is 7% granted to employees every 20 months.

Annual Salary Increment Rate Bulgaria Business Analyst
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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.

Bulgaria / All Professions

Annual Salary Increment Rate Bulgaria
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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

The average salary increase in one year (12 months) in Bulgaria is 4%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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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 / Business Analyst / Bulgaria

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Bulgaria Business Analyst
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24% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 76% 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
No Bonus

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.

A graphics designer working for a graphics designing company.

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.

Average Hourly Wage / Business Analyst / Bulgaria

23 BGN per hour

The average hourly wage (pay per hour) for individuals working as Business Analyst in Bulgaria is 23 BGN.This is the rate they get paid for every worked hour.

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

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 Business Analyst in Bulgaria is 12 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 TitleAverage Salary
Business Planning-100%
Agile Coach3,760 BGN-7%
Assistant Business Development Manager4,330 BGN+7%
Assistant Merchandise Planner2,550 BGN-37%
Business Advisor4,370 BGN+8%
Business Analyst4,040 BGN+0%
Business Consultant4,070 BGN+1%
Business Continuity Associate2,580 BGN-36%
Business Developer2,540 BGN-37%
Business Development Analyst2,950 BGN-27%
Business Development Associate2,070 BGN-49%
Business Development Coordinator2,390 BGN-41%
Business Development Director5,930 BGN+47%
Business Development Engineer3,410 BGN-16%
Business Development Executive4,170 BGN+3%
Business Development Manager5,080 BGN+26%
Business Development Specialist4,010 BGN-1%
Business Manager4,860 BGN+20%
Business Operations Specialist4,100 BGN+2%
Business Process Writer2,420 BGN-40%
Business Systems Analyst4,040 BGN+0%
Capacity Planner2,820 BGN-30%
Capacity Planning Supervisor3,890 BGN-4%
Change Communications Analyst3,890 BGN-4%
Change Control Analyst3,720 BGN-8%
Change Impact Analyst3,890 BGN-4%
Chief Automation Officer5,060 BGN+25%
Chief Innovation Officer5,140 BGN+27%
Contracts Executive4,160 BGN+3%
Corporate Strategy Analyst4,320 BGN+7%
Cost Control Engineer2,650 BGN-34%
Cost Controller3,090 BGN-23%
Cost Estimator2,800 BGN-31%
Crisis Management Specialist4,210 BGN+4%
Data Executive2,050 BGN-49%
Data Manager3,090 BGN-23%
Data Processing Manager3,650 BGN-10%
Development Researcher3,090 BGN-23%
Digital Strategist4,260 BGN+5%
Digital Transformation Manager4,320 BGN+7%
Director of Business Development5,640 BGN+40%
Director of Production Planning4,830 BGN+20%
Drop Shipping Consultant3,530 BGN-13%
Due Diligence Analyst4,310 BGN+7%
Estimating Manager4,630 BGN+15%
General Manager4,910 BGN+22%
Growth Hacker3,300 BGN-18%
Impact Assessment Specialist3,830 BGN-5%
Impact Investing Analyst3,580 BGN-11%
Incident Handler2,870 BGN-29%
Incident Specialist3,640 BGN-10%
Lean Consultant3,040 BGN-25%
Manager5,670 BGN+40%
Marketing and Business Development Manager4,800 BGN+19%
Materials Planner1,750 BGN-57%
Merchandise Assistant1,830 BGN-55%
Merchandise Controller1,710 BGN-58%
Merchandise Planner1,810 BGN-55%
Online Consultant3,460 BGN-14%
Online Reputation Manager3,090 BGN-23%
Operations Analyst3,680 BGN-9%
Operations Manager4,270 BGN+6%
Operations Research Analyst2,570 BGN-36%
Planning and Reporting Manager4,390 BGN+9%
Planning Director5,570 BGN+38%
Product Designer3,050 BGN-24%
Product Manager3,330 BGN-18%
Project Administrator2,600 BGN-36%
Project Manager4,120 BGN+2%
Project Planner2,610 BGN-35%
Research Assistant2,330 BGN-42%
Research Engineer2,630 BGN-35%
Research Officer2,150 BGN-47%
Risk Management Specialist3,910 BGN-3%
Scholarship Coordinator2,020 BGN-50%
Store Planner1,920 BGN-52%
Strategy Director5,450 BGN+35%
Top Research and Development Executive6,050 BGN+50%

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
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Business Analyst in Bulgaria?

A good and competitive compensation would range anywhere between 3,670 BGN and 4,170 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 Business Analyst in Bulgaria ranges from 2,100 BGN to 3,050 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

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