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Executive and Management Average Salaries in Bulgaria 2024

How much money does a person working in Executive and Management make in Bulgaria?

Average Monthly Salary
4,510 BGN
( 54,100 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 in Executive and Management in Bulgaria typically earns around 4,510 BGN. Salaries range from 1,480 BGN (lowest average) to 7,370 BGN (highest average, actual maximum salary is higher).

Salary Variance

The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Executive and Management domain in Bulgaria exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.

Salaries for specific jobs

Job TitleAverage Salary
Executive and Management
Account Coordinator3,080 BGN
Account Director3,650 BGN
Account Executive3,680 BGN
Account Manager3,520 BGN
Administration Manager3,600 BGN
Administration Officer1,980 BGN
Administration Supervisor3,200 BGN
Administrative Clerk1,460 BGN
Administrative Officer1,440 BGN
Area Director3,440 BGN
Area Manager3,660 BGN
Asset Protection Associate3,900 BGN
Assistant Director3,890 BGN
Assistant General Manager3,980 BGN
Assistant Manager4,000 BGN
Assistant Managing Director4,600 BGN
Assistant Operations Manager4,590 BGN
Assistant Project Manager4,060 BGN
Assistant Section Head3,260 BGN
Assistant to CEO3,560 BGN
Assistant Vice President4,150 BGN
Associate Account Director3,960 BGN
Associate Director4,010 BGN
Bid Manager4,270 BGN
Branch Manager4,350 BGN
Business Development Manager4,770 BGN
Business Operations Associate3,780 BGN
Business Operations Lead4,030 BGN
Campaign Manager4,370 BGN
Catering Coordinator2,330 BGN
Catering Manager3,710 BGN
CEO7,760 BGN
Chairman of The Board7,280 BGN
Chairman Office Manager4,950 BGN
Chief Commercial Officer5,220 BGN
Chief Corporate Officer6,220 BGN
Chief Digital Officer5,010 BGN
Chief Digital Strategy Officer5,290 BGN
Chief Digital Transformation Officer5,110 BGN
Chief Ethics Officer4,490 BGN
Chief Executive Officer7,850 BGN
Chief Financial Officer6,890 BGN
Chief Investment Officer5,360 BGN
Chief of Staff3,420 BGN
Chief Operating Officer5,510 BGN
Chief Privacy Officer4,560 BGN
Chief Resilience Officer5,400 BGN
Chief Risk Officer4,800 BGN
Chief Strategy Officer6,030 BGN
Chief Trust and Safety Officer4,920 BGN
Client Account Manager4,310 BGN
Client Accounts Officer3,760 BGN
Client Services Manager4,830 BGN
Commercial Director5,170 BGN
Commercial Manager4,390 BGN
Commercial Project Manager4,160 BGN
Commodity Broker2,980 BGN
COO5,450 BGN
Corporate Affairs Executive4,310 BGN
Corporate Compliance Director4,940 BGN
Corporate Director5,360 BGN
Corporate Officer3,660 BGN
Corporate Partnerships Officer3,630 BGN
Country Manager5,830 BGN
Department Head4,480 BGN
Department Manager4,630 BGN
Department Supervisor4,130 BGN
Deputy Director5,180 BGN
Deputy Manager5,200 BGN
Director5,980 BGN
Director of Accreditation5,020 BGN
Director of Catering Services4,660 BGN
Director of Client Services4,680 BGN
Director of Facilities Management3,990 BGN
Director of Operations4,770 BGN
Director of Process Simplification4,050 BGN
Director of Product Management4,950 BGN
Director of Project Management5,200 BGN
Director of Revenue Management4,730 BGN
Director of Training and Development5,000 BGN
Distribution Manager5,010 BGN
Division Manager4,210 BGN
Duty Manager4,390 BGN
Engagement Manager5,270 BGN
Executive Director7,450 BGN
Executive Manager6,330 BGN
Franchise Manager6,380 BGN
General Manager6,080 BGN
Generational Consultant3,940 BGN
Global Master Data Manager5,440 BGN
Global Technical Lead3,610 BGN
Head of Investment4,810 BGN
Head of Middle Office4,850 BGN
Head of Projects4,990 BGN
Head of Strategy5,420 BGN
Head of Supply Chain4,570 BGN
Head of Sustainability4,340 BGN
Housing Manager3,830 BGN
HSE Manager3,930 BGN
Innovation Manager4,220 BGN
Key Account Manager4,280 BGN
Knowledge Manager4,620 BGN
Location Manager4,540 BGN
Logistics Executive3,890 BGN
Logistics Manager3,980 BGN
Management Consultant3,860 BGN
Management Executive5,550 BGN
Manager4,990 BGN
Managing Director6,050 BGN
MIS Executive4,860 BGN
Ocean Services Manager5,220 BGN
Online Business Manager7,340 BGN
Operational Manager5,410 BGN
Operations Analyst4,360 BGN
Operations Assistant3,490 BGN
Operations Director5,660 BGN
Operations Executive5,390 BGN
Operations Manager5,750 BGN
Operations Supervisor4,410 BGN
Planning Director5,510 BGN
PMO Manager4,850 BGN
Policy Administration Executive4,270 BGN
Private Sector Executive4,630 BGN
Product Development Manager4,980 BGN
Product Executive4,340 BGN
Production Executive4,920 BGN
Production Manager4,950 BGN
Production Supervisor4,080 BGN
Program Director5,310 BGN
Program Manager5,450 BGN
Programme Coordinator3,650 BGN
Project Control Manager5,390 BGN
Project Coordinator3,120 BGN
Project Management Officer3,560 BGN
Project Manager3,780 BGN
Project Portfolio Manager4,160 BGN
Quality Manager4,210 BGN
R/D Director4,410 BGN
Regional Director6,700 BGN
Regional Manager5,250 BGN
Relationship Manager4,990 BGN
Retail District Manager3,500 BGN
Revenue Manager3,840 BGN
Risk and Capital Manager5,870 BGN
Risk Officer3,670 BGN
Safety Manager3,630 BGN
Section Head3,760 BGN
Service Manager3,910 BGN
Shift Supervisor3,130 BGN
Solutions Manager3,420 BGN
Supervisor3,210 BGN
Supply Chain Manager5,370 BGN
Surveyor3,450 BGN
Technical Director4,900 BGN
Technical Manager4,800 BGN
Territory Manager4,840 BGN
Validation Manager4,200 BGN
Vice President5,880 BGN
Zone Manager5,240 BGN

Executive and Management Jobs Pay Scale and Salaries in Bulgaria

Median and salary distribution Bulgaria Executive and Management monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
3,990 BGN or more
10% of people earn
3,370 to 3,990 BGN
20% of people earn
2,020 BGN or less
65% of people earn
2,020 to 3,370 BGN
Minimum Salary
1,480 BGN
4,220 BGN
7,370 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 in Executive and Management in Bulgaria range from 1,480 BGN (starting average salary) to 7,370 BGN (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.

  • Median Salary

    The median income in the field of Executive and Management is 4,220 BGN, implying that half of the workforce in Bulgaria earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.

  • Percentiles and Salary Scale

    Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Executive and Management in Bulgaria earn less than 3,180 BGN, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 4,990 BGN, while 25% earn more than that.

  • Pay Scale Structure

    Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Executive and Management in Bulgaria. The analysis revealed that roughly 65% of all reported salaries fell within the range of 2,020 BGN to 3,370 BGN. Approximately 20% of salaries were below the 2,020 BGN mark, while 10% ranged from 3,370 BGN to 3,990 BGN. Only 5% of individuals earned a gross salary of 3,990 BGN or higher.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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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.

Generally speaking, employees in Executive and Management in Bulgaria having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.
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.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income?

We compared the salaries of professionals at the same level but with different college degree levels across many jobs in Executive and Management in Bulgaria, below are our findings.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a certificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.

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.

Employees can't expect any salary increases during the study period, assuming they 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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.

Salary and Compensation Comparison By Gender / Executive and Management / Bulgaria

Salary comparison by gender Bulgaria Executive and Management 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? In the field of Executive and Management in Bulgaria, the average difference between the salary of male and female employees is 9%.

4,700 BGN
4,330 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 / Executive and Management / Bulgaria

How much are annual salary increments in Bulgaria for individuals working in Executive and Management? How often do employees get salary raises?

Professionals working in Executive and Management in Bulgaria are likely to observe a salary increase of approximately 10% every 17 months. The national average annual increment for all professions combined is 7% granted to employees every 20 months.

Annual Salary Increment Rate Bulgaria Executive and Management
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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 / Executive and Management / Bulgaria

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Bulgaria Executive and Management
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21% of surveyed staff in Executive and Management 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
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.

Hourly Average Wage / Executive and Management / Bulgaria

26 BGN per hour

The average hourly wage (pay per hour) in Executive and Management in Bulgaria is 26 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 in Executive and Management in Bulgaria is 9 BGN. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary Comparison By City

CityAverage Salary
Burgas4,700 BGN
Plovdiv5,080 BGN
Rousse4,610 BGN
Sofia5,270 BGN
Stara Zagora4,420 BGN
Varna4,890 BGN

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 in Executive and Management in Bulgaria?

A good and competitive compensation would range anywhere between 4,220 BGN and 4,990 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 jobs in Executive and Management in Bulgaria ranges from 1,480 BGN to 3,180 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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