The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. HERE ARE THE MAIN POINTS TO REMEMBER Developing a business and recruiting in BulgariaIn 2019, the minimum wage in Bulgaria is BGN 560 (EUR 280).The average gross monthly salary in Sofia … 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. I can help you find out what you should be paid. Sofia has one of the cheapest square meter prices among … Real salaries at 910 companies in Sofia, Bulgaria. 49% of surveyed staff in Bulgaria reported that they haven't received any bonuses or incentives in the previous year while 51% said that they received at least one form of monetary bonus. Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines. Top 10 Highest Paying Careers in Bulgaria. Operations Manager 4 k. Senior Manager 5 k. Product Manager 3 … Example:A graphics designer working for a graphics designing company. The cost of living in Sofia is 100 percent higher than the national average. Salaried employees are usually exempt from overtime as opposed to hourly paid staff. Glassdoor salary data for Sofia workers. Currently, the average salary in Sofia is hovering around 600 euros per month, which is considerably higher than the minimum. It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? 91 Quality Assurance Salaries in Sofia, Bulgaria provided anonymously by employees. Though gender should not have an effect on pay, in reality, it does. Sofia, Bulgaria Area. Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. Average Salary in Sofia. The most common companies reported by employees working in Sofia. The average salary for a Auditor is лв1,925 in Sofia, Bulgaria. What your skills are worth in the job market is constantly changing. Salary and career advice to put you a step ahead. The average salary in Bulgaria is around 400 euros per month. Average salary for MentorMate Qa Analyst in Sofia: 2,000. 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 most standard form of bonus where the employee is awarded based on their exceptional performance. Where can you get paid more, working for a private company or for the government? In a written answer to a parliamentary question Finance Minister Kiril Ananiev states that 2,193 people received over 15,000 euro per month. One major difference between salaried employees and hourly paid employees is overtime eligibility. 21 high paying jobs that don't require a college degree, 11 signs that you may be terminated (Watch out for these), 7 unconventional and creative job hunting techniques, 8 Essential CV Tips That Will Make a Huge Difference, 10 annoying office habits we are all suffering from. Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree. Median Salary The median salary is 3,860 BGN per month, which means that half (50%) of the population are earning less than 3,860 BGN while the other half are earning more than 3,860 BGN. Those figures are presented as guidelines only. This page provides - Bulgaria Average Monthly Wages in … The average salary in Bulgaria is considerably higher than the minimum wage, but still rather low. If your salary is higher than both of the average and the median then you are doing very well. A year ago their number was 2,030 which means an increase of 8%. The most popular employers in Sofia are Visteon Corporation, Vmware, Inc., and TELUS International. You can't really expect any salary increases during the study period, assuming you already have a job. The decision really depends on your situation and experience among many other factors. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation. Get access to our salary comparison calculator by signing up. Salaries in Sofia range from 980 BGN per month (minimum salary) to 17,200 BGN per month (maximum average salary, actual maximum is higher). Reported anonymously by 3,521 Sofia employees. That is quite an investment. The numbers become more significant if you consider one job title at a time. Those who got bonuses reported rates ranging from 3% to 6% of their annual salary. Sofia, Bulgaria Area. Consult all the information in order to know how much it would cost you to live in Sofia (Bulgaria) whether you are traveling, living, working, vacationing or just curious. A person working in Factory and Manufacturing in Bulgaria typically earns around 2,260 BGN per month. Cost of Living in Sofia. How to compare your salary. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary. Formed in 1999, K&K Accounting is a well respected accounting company located in Sofia, Bulgaria. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. Sofia is the capital city of Bulgaria. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. Reading from the salary distribution diagram, 25% of the population are earning less than 2,170 BGN while 75% of them are earning more than 2,170 BGN. WHETHER YOU WANT TO SET UP A COMPANY IN BULGARIA OR GO TO WORK IN BULGARIA, IT IS GOOD TO HAVE AS MUCH INFORMATION AS POSSIBLE ABOUT SALARIES IN BULGARIA. Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. Despite the fact that most of the salaries are bellow 1 000 euros per month, there are still jobs which pay extremely well, especially in I.T. 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. Dr Balezdrov earns around £800 a month (950 euros; $1,280). On average, a Bachelor's Degree is the highest level of education for a Paralegal. The best paying company in Sofia is DSK Bank, offering an average salary of $40,000. Know what you're worth Compare your compensation with peers in your industry Software Engineer salaries in Sofia are low.For this job type, Sofia ranks 229th for salaries among 265 cities. The average salary range for a Paralegal is between BGN 15,162 and BGN 26,066. Salaries in Sofia range from 980 BGN per month (minimum salary) to 17,200 BGN per month (maximum average salary, actual maximum is higher). The average salary for a Manager is лв2,195 in Sofia, Bulgaria. Salaries estimates are based on 2 salaries submitted anonymously to Glassdoor by Auditor employees in Sofia, Bulgaria. The average salary for jobs in Sofia, Bulgaria is 18 598 лв. Salaries range from 980 BGN (lowest average) to 17,200 BGN (highest average, actual maximum salary is higher). A person working in Sofia typically earns around 3,860 BGN per month. The cost of living in Sofia is 100 percent higher than the national average. Also from the diagram, 75% of the population are earning less than 10,500 BGN while 25% are earning more than 10,500 BGN. 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. Salaries for Related Job Titles. The average salary in Sofia is BGN 28k. Sofia, Bulgaria Area. It really depends on what options you have. Use our tool to get a personalized report on your market worth. Currently, the average salary in Sofia is hovering around 500 to 550 euros per month, which is more than the double of the minimum. The figures provided here are averages of numbers. The best paying company in Bulgaria is DSK Bank, offering an average salary of $40,000. The average salary in Sofia is BGN 28k. The cost of living in Sofia is quite low, and you can easily rent an apartment for 250 euros per month. Also keep in mind that the IT sector is the best one in bulgaria and sofia. Employees that support and facilitate the work of revenue generators. Usually jobs are classified into two categories: salaried jobs and hourly jobs. We are a member of Integra International an interactive global association of independent accounting & consulting firms, covering 50+ countries with 170+ offices worldwide. Closely related to the median are two values: the 25th and the 75th percentiles. Bulgaria has the lowest wages in the EU and doctors' salaries are no exception. Their field of expertise usually matches the type of business. The most popular occupations in Sofia are Software Developer, Software Engineer, and Senior Software Engineer which pay between BGN 7k and BGN 69k per year. Do you know what people like you are earning? We need your support so Novinite.com can keep delivering news and information about Bulgaria! We wrote a guide to explain all about the different scenarios. We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings. Salaries range from 840 BGN (lowest average) to 5,650 BGN (highest average, actual maximum salary is higher). The numbers seem to support this tactic. Salary variations differ from person to person. 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. Accurate, reliable salary and compensation comparisons for Bulgaria The average salary in Bulgaria is considerably higher than the minimum wage, but still rather low. Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job. In the last 4 years the number of people with exceedingly high salaries has gone up by 83%. 25 Simple Ways to Reduce Bills and Save Money. Private schools are indeed expensive, like 600-800 euro per month, just checked a few. Wages In Manufacturing in Bulgaria increased to 1233 BGN/Month in September from 1186 BGN/Month in August of 2020. Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 ), 10 job hunting mistakes everyone is making, 9 deadly resume mistakes that you must avoid, 12 careers for people who like to work alone. The amount of the bonus will probably be different from person to person depending on their role within the organization. Job Salaries in Sofia, Bulgaria Choose a job title below to drill down on how much the position pays in Sofia, Bulgaria Average Salary in Sofia, Bulgaria The average salary in Sofia is 18 598 лв.annually or Management & Business enjoy the highest gross average salaries (BGN 72,183), followed by Engineers & Technicians III (BGN 70,000), and Finance & Banking (BGN 49,852). Salaries for Related Job Titles In August 276,883 Bulgarians received salaries over the average monthly 702 euro. Stop guessing. Percentage increase and decrease are relative to the previous value. Detailed salary report based on career, education, experience, gender, age etc. Those figures should be taken as general guidelines. Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. People tend to confuse bonuses with commissions. Salaries vary drastically between different careers. Compare salaries city by city with our free salary wizard and convert your own salary to a local salary in Sofia. Understand what's truly driving the gender pay gap. Average salary in Bulgaria is BGN 42,468 (US$ 26,327). This is the average monthly salary including housing, transport, and other benefits. The list below shows the average salary of some of the popular occupations in the area: Accountant: $13,181(24,181 BGN) Improve your chances of receiving a raise when you ask. And we are here speaking about real local jobs from Bulgarian companies. The average pay for a Paralegal is BGN 20,758 a year and BGN 10 an hour in Sofia, Bulgaria. Salaries estimates are based on 17 salaries submitted anonymously to Glassdoor by Manager employees in Sofia, Bulgaria. Wages In Manufacturing in Bulgaria averaged 571.04 BGN/Month from 2000 until 2020, reaching an all time high of 1233 BGN/Month in September of 2020 and a record low of 201 BGN/Month in January of 2000. IBM Financial Analyst salaries - 10 salaries reported. Wages in Bulgaria averaged 590.20 BGN/Month from 1997 until 2020, reaching an all time high of 1397 BGN/Month in September of 2020 and a record low of 30 BGN/Month in January of 1997. The experience level is the most important factor in determining the salary. If your wage is between the average and the median, then things can be a bit complicated. Stay up to date on the latest compensation trends. Fresh market data paired with robust analytics. 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). Wages in Bulgaria increased to 1397 BGN/Month in September from 1335 BGN/Month in August of 2020. Welcome. Male employees in Bulgaria earn 6% more than their female counterparts on avergae across all sectors. Average salaries in Sofia, Bulgaria can vary greatly based on a career field. * Based on the average change in salary over time. 25 late to work excuses that may actually work! Granted upon achieving an important goal or milestone. In some areas there has been a shortage of qualified labor. In most cases, a salary review is conducted once education is completed and the degree has been attained. The hourly wage is the salary paid in one worked hour. The average gross monthly salary for April 2018 is BGN 1,145, for May - BGN 1,101 and for June - BGN 1,119. Find and apply today for the latest jobs in Bulgaria. Salaries in Bulgaria have been on the rise in recent year and unemployment has been declining. These types of bonuses are given without a reason and usually resemble an appreciation token. There is also a fairly large difference between salary levels in the capital city of Sofia, and the other major Bulgarian cities. Average Salary in Sofia, Bulgaria. The total average salary for this year has increased by almost 12% to BGN 1,249. My friends who work in it usually get a 500 leva bump for every year of experience. 148 Manager Salaries in Sofia, Bulgaria provided anonymously by employees. 1,700 / mo. A Master's degree program or any post-graduate program in Bulgaria costs anywhere from 16,500 Bulgarian Lev(s) to 49,500 Bulgarian Lev(s) and lasts approximately two years. What salary does a Quality Assurance earn in Sofia? You deserve a salary increment but you are not sure how to ask.Check our 25 sample Salary Increase Request emails. Follow wage changes of U.S. workers over time. Their expertise is usually different from that of the core business operations. Trends in wages decreased by -100.0 percent in Q3 2020. 21 High Paying Jobs That Don't Require a College Degree! How the salary history question affects pay equity. Below, we have made complete lists of data based on the cost of a wide variety of products, goods and services. Salaried jobs pay a fix amount regardless of the hours worked. What salary does a Manager earn in Sofia? A person working in this city typically earns about $22,161.58 (39,388 BGN) yearly, $1,846.41 (3,282 BGN) monthly, or $10.69 (19 BGN) hourly. VMware Senior Member of Technical Staff salaries - 10 salaries reported. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. Sr. Software Engineer / Developer / Programmer, Pharmaceutical Product Development (PPD), Inc. (BGN) per year or an hourly rate of 9 лв. If you are interested in the salary of a particular job, see below for salaries for specific job titles. Trends in wages decreased by -100.0 percent in Q3 2020. People in top positions can easily get double or triple bonus rates than employees down the pyramid. Companies within thriving industries tend to provide higher and more frequent raises. You shouldn't worry at all , bulgaria is a very nice place to live and go through live if you have enough money and should be more than fine. We’ll get you noticed. The difference in increment rates is somehow justified because employers put more effort to retain more experienced staff since they are harder to acquire than less experienced ones. Based on 1 salaries posted anonymously by MentorMate Qa Analyst employees in Sofia. 67,500 / yr. EPAM Senior Software Engineer salaries - 9 salaries reported. Both are indicators. Find your market worth with a report tailored to you. Employees that are directly involved in generating revenue or profit for the organization. 4 jobs in Bulgaria on totaljobs. Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level. The figures mentioned above are good approximations and are considered to be the standard. Naturally the more years of experience the higher the wage. Bulgaria may be poor compared to Western-European countries but it's still an european country. Employees in Bulgaria are likely to observe a salary increase of approximately 7% every 20 months. This is the average monthly salary including housing, transport, and other benefits. Example:A graphic designer in the marketing department of a hospital. Public sector employees in Bulgaria earn 9% more than their private sector counterparts on average across all sectors. Advanced 2019/20 Survey. Listed above are the average annual increase rates for each industry in Bulgaria for the year 2019. If he … 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. True, this sounds extremely low for a Frenchman. The formula for a winning company culture. The median salary is 3,860 BGN per month, which means that half (50%) of the population are earning less than 3,860 BGN while the other half are earning more than 3,860 BGN. Thank you! Hourly jobs pay per worked hour. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. Many people pursue higher education as a tactic to switch into a higher paying job. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment. Lower average gross salaries in the Sofia, Bulgaria are earned by those in Organization & Coordination (BGN 14,592) and those in Engineers & Technicians … Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma. Sofia is becomming a better place and you'll be having a nice life with this salary. Bulgaria - Get a free salary comparison based on job title, skills, experience and education. So who gets paid more: men or women? Which alumni earn the most after graduation? These figures tend to change frequently. You should be able to recover the costs in roughly a year or so. The median represents the middle salary value. 3,000 / mo. Any salary increases during the study period, assuming you already have a job the Degree has been a of. Market worth with a certificate or diploma are likely to observe a salary of! You ask maximum salary is higher than both of the cheapest square meter prices among … Sofia Bulgaria... 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