A person working in Executive and Management in Slovakia typically earns around 2,950 EUR per month. Salaries range from 970 EUR (lowest average) to 4,870 EUR (highest average, actual maximum salary is higher).
This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Executive and Management careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
|Job Title||Average Salary|
|Account Coordinator||1,900 EUR|
|Administration Manager||2,400 EUR|
|Area Manager||2,180 EUR|
|Asset Protection Associate||2,520 EUR|
|Assistant Director||2,460 EUR|
|Assistant Manager||2,610 EUR|
|Assistant Operations Manager||2,800 EUR|
|Assistant Project Manager||2,490 EUR|
|Assistant Section Head||2,050 EUR|
|Assistant to CEO||2,310 EUR|
|Assistant Vice President||2,510 EUR|
|Associate Director||2,520 EUR|
|Bid Manager||2,830 EUR|
|Branch Manager||2,730 EUR|
|Business Development Manager||2,860 EUR|
|Business Operations Associate||2,390 EUR|
|Business Operations Lead||2,460 EUR|
|Campaign Manager||2,640 EUR|
|Chairman of The Board||4,480 EUR|
|Chairman Office Manager||2,940 EUR|
|Chief Corporate Officer||3,600 EUR|
|Chief Executive Officer||4,760 EUR|
|Chief Financial Officer||4,200 EUR|
|Chief of Staff||2,150 EUR|
|Chief Operating Officer||3,560 EUR|
|Chief Risk Officer||3,130 EUR|
|Client Services Manager||2,970 EUR|
|Commercial Project Manager||2,440 EUR|
|Commodity Broker||1,880 EUR|
|Corporate Affairs Executive||2,770 EUR|
|Corporate Compliance Director||3,070 EUR|
|Corporate Director||3,220 EUR|
|Corporate Officer||2,200 EUR|
|Corporate Partnerships Officer||2,250 EUR|
|Country Manager||3,580 EUR|
|Deputy Director||3,320 EUR|
|Director of Accreditation||3,100 EUR|
|Director of Catering Services||2,780 EUR|
|Director of Client Services||2,920 EUR|
|Director of Facilities Management||2,540 EUR|
|Director of Operations||2,950 EUR|
|Director of Process Simplification||2,420 EUR|
|Director of Project Management||3,170 EUR|
|Director of Revenue Management||2,810 EUR|
|Director of Training and Development||2,960 EUR|
|Distribution Manager||3,160 EUR|
|Division Manager||2,600 EUR|
|Duty Manager||2,700 EUR|
|Engagement Manager||3,340 EUR|
|Executive Director||4,530 EUR|
|Executive Manager||3,650 EUR|
|Franchise Manager||3,780 EUR|
|General Manager||3,570 EUR|
|Global Master Data Manager||3,220 EUR|
|Head of Middle Office||2,830 EUR|
|Head of Projects||3,040 EUR|
|Head of Sustainability||2,530 EUR|
|Housing Manager||2,530 EUR|
|HSE Manager||2,480 EUR|
|Key Account Manager||2,670 EUR|
|Knowledge Manager||2,930 EUR|
|Location Manager||2,770 EUR|
|Logistics Manager||2,510 EUR|
|Management Consultant||2,420 EUR|
|Management Executive||3,320 EUR|
|Managing Director||3,650 EUR|
|MIS Executive||3,220 EUR|
|Ocean Services Manager||3,290 EUR|
|Operations Assistant||2,150 EUR|
|Operations Director||3,550 EUR|
|Operations Executive||3,210 EUR|
|Operations Manager||3,360 EUR|
|Operations Supervisor||2,830 EUR|
|Policy Administration Executive||2,750 EUR|
|Private Sector Executive||2,830 EUR|
|Product Development Manager||2,960 EUR|
|Product Executive||2,810 EUR|
|Production Executive||3,050 EUR|
|Production Manager||3,220 EUR|
|Production Supervisor||2,720 EUR|
|Program Manager||3,300 EUR|
|Programme Coordinator||2,140 EUR|
|Project Control Manager||3,280 EUR|
|Project Coordinator||1,940 EUR|
|Project Management Officer||2,090 EUR|
|Project Manager||2,260 EUR|
|Project Portfolio Manager||2,360 EUR|
|Quality Manager||2,430 EUR|
|R/D Director||2,770 EUR|
|Regional Director||4,120 EUR|
|Regional Manager||3,340 EUR|
|Relationship Manager||2,960 EUR|
|Retail District Manager||2,160 EUR|
|Revenue Manager||2,550 EUR|
|Risk and Capital Manager||3,600 EUR|
|Risk Officer||2,400 EUR|
|Safety Manager||2,330 EUR|
|Section Head||2,450 EUR|
|Service Manager||2,480 EUR|
|Shift Supervisor||2,000 EUR|
|Solutions Manager||2,160 EUR|
|Supply Chain Manager||3,370 EUR|
|Technical Manager||3,000 EUR|
|Territory Manager||3,000 EUR|
|Validation Manager||2,610 EUR|
|Vice President||3,580 EUR|
|Zone Manager||3,080 EUR|
Executive and Management salaries in Slovakia range from 970 EUR per month (minimum average salary) to 4,870 EUR per month (maximum average salary, actual maximum is higher).
The median salary is 2,830 EUR per month, which means that half (50%) of people working in Executive and Management are earning less than 2,830 EUR while the other half are earning more than 2,830 EUR. 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.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Executive and Management are earning less than 1,710 EUR while 75% of them are earning more than 1,710 EUR. Also from the diagram, 75% of people working in Executive and Management are earning less than 3,700 EUR while 25% are earning more than 3,700 EUR.
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning 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
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 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.
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 degrees levels across many jobs, 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 cerificate 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.
A Master's degree program or any post-graduate program in Slovakia costs anywhere from 10,900 Euro(s) to 32,700 Euro(s) 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 into 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 your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Slovakia who work in Executive and Management earn 6% more than their female counterparts on average.
Executive and Management professionals in Slovakia are likely to observe a salary increase of approximately 10% every 16 months. The national average annual increment for all professions combined is 7% granted to employees every 19 months.
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.
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
Listed above are the average annual increase rates for each industry in Slovakia for the year 2020. 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.
Executive and Management is considered to be a high bonus-based field due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
27% of surveyed staff in Executive and Management reported that they haven't received any bonuses or incentives in the previous year while 73% 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.
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.
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.
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.
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.
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.
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.
The average salary for Executive and Management is 35% more than that of All Jobs.
Where can you get paid more, working for a private company or for the government? Public sector employees in Slovakia earn 10% more than their private sector counterparts on average across all sectors.