Average Asset Management Associate Salary in Bulgaria for 2024

In this article, we will look at the average Asset Management Associate salary for 2024 in Bulgaria and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Bulgarian lev. To keep things simple, we are using the BGN currency code instead of the currency symbol лв.

How Much Does an Asset Management Associate Make in Bulgaria?

An Asset Management Associate working in Bulgaria will typically earn around 35,340 BGN per year, and this can range from the lowest average salary of about 17,620 BGN to the highest average salary of 58,440 BGN.

Average Annual Salary
35,340 BGN
Average Monthly Salary
2,945 BGN

Lowest Annual Salary
17,620 BGN
Lowest Monthly Salary
1,468 BGN

Highest Annual Salary
58,440 BGN
Highest Monthly Salary
4,870 BGN

These are average salaries for an Asset Management Associate in Bulgaria and include benefits such as housing and transport. It's also possible for an Asset Management Associate to earn more or less than the average salaries shown above.

Asset Management Associate salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Asset Management Associate Salaries in Bulgaria

So we've looked at the average salaries an Asset Management Associate will earn in Bulgaria. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Asset Management Associate can earn between 17,620 BGN and 58,440 BGN on average in Bulgaria. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for an Asset Management Associate in Bulgaria is 37,800 BGN. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 37,800 BGN, and 50% of the population earn more than 37,800 BGN.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Asset Management Associate salary in Bulgaria, 25% of the population are earning less than 26,020 BGN while 75% of the population earn more than 26,020 BGN.

75% of the population earn less than 50,660 BGN, and 25% of the population earn more than 50,660 BGN.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Asset Management Associate Salary by Experience Level in Bulgaria

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average asset management associate salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. An Asset Management Associate in Bulgaria that has less than two years of experience can expect to earn somewhere in the region of 20,300 BGN.
  • 2 - 5 Years Experience. With two to five years of experience the average Asset Management Associate salary would increase to 25,940 BGN.
  • 5 - 10 Years Experience. From five to ten years of experience as an Asset Management Associate, the average salary would be 36,020 BGN.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 42,960 BGN.
  • 15 - 20 Years Experience. An Asset Management Associate with 15 to 20 years of experience can earn an average of 48,920 BGN.
  • 20+ Years Experience. For an Asset Management Associate with more than 20 years, the expected average salary increases to 51,800 BGN.

Average Salary by Experience Chart

0-2 Years
20,300 BGN
2-5 Years +34%
25,940 BGN
5-10 Years +48%
36,020 BGN
10-15 Years +22%
42,960 BGN
15-20 Years +9%
48,920 BGN
20+ Years +8%
51,800 BGN

Asset Management Associate Salary by Education Level in Bulgaria

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for an Asset Management Associate in Bulgaria based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. An Asset Management Associate in Bulgaria with a high school education can earn an average salary of 21,640 BGN.

  • Certificate or Diploma. An Asset Management Associate in Bulgaria with a certificate or diploma education can earn an average salary of 34,240 BGN.

  • Bachelor's Degree. An Asset Management Associate in Bulgaria with a bachelor's degree education can earn an average salary of 54,500 BGN.

Average Salary by Education Chart

High School
21,640 BGN
Certificate or Diploma +57%
34,240 BGN
Bachelor's Degree +68%
54,500 BGN

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Bulgaria is around 16,500 to 49,500 BGN and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Asset Management Associate Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Bulgaria, a male asset management associate will earn an average of 36,580 BGN, while a female asset management associate will earn around 34,480 BGN.

This means that a male asset management associate earns approximately 6% more than a female asset management associate for performing the same job.

Average Salary by Gender Chart in Bulgaria

Male
36,580 BGN
Female -6%
34,480 BGN

Asset Management Associate Average Pay Raise in Bulgaria

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for an Asset Management Associate in Bulgaria is around 8% every 22 months.

The national average pay raise across all professions and industries in Bulgaria is around 7% every 20 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 8 ÷ 22 ) × 12  = 4%

What this means is that an Asset Management Associate in Bulgaria can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Bulgaria for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Bulgaria.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

Asset Management Associate Bonus and Incentive Rates in Bulgaria

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

An Asset Management Associate is a moderate bonus based job, with 56% of employees reporting at least one bonus in the last 12 months.

44% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 2% to 7%.

Received Bonus
56%
No Bonus
44%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Bulgaria earn approximately 2% more than private sector employees in the same role.

Public Sector
40,040 BGN
Private Sector -2%
39,160 BGN

Salaries for Jobs Similar to an Asset Management Associate

In the table below, we have salary information for jobs that are similar to an Asset Management Associate in Bulgaria.

Job Title Category Salary
Asset Protection Associate Purchasing and Inventory 32,420 BGN
Asset Protection Specialist Purchasing and Inventory 38,140 BGN
Assistant Buyer Purchasing and Inventory 31,080 BGN
Buyer Purchasing and Inventory 53,160 BGN
Capacity Planner Purchasing and Inventory 41,660 BGN
Category Leader Purchasing and Inventory 36,800 BGN
Category Management Specialist Purchasing and Inventory 39,080 BGN
Category Manager Purchasing and Inventory 41,700 BGN
Channel Services Representative Purchasing and Inventory 40,140 BGN
Contracts Manager Purchasing and Inventory 45,620 BGN
Contracts Specialist Purchasing and Inventory 36,940 BGN
Demand Planner Purchasing and Inventory 38,060 BGN
Demand Planning Manager Purchasing and Inventory 47,400 BGN
Distribution Assistant Purchasing and Inventory 31,380 BGN
Distribution Associate Purchasing and Inventory 31,040 BGN
Distribution Manager Purchasing and Inventory 70,260 BGN
Inventory Analyst Purchasing and Inventory 35,520 BGN
Inventory Control Clerk Purchasing and Inventory 19,860 BGN
Inventory Control Manager Purchasing and Inventory 47,760 BGN
Inventory Management Associate Purchasing and Inventory 39,640 BGN
Inventory Specialist Purchasing and Inventory 35,340 BGN
Logistics Engineer Purchasing and Inventory 29,160 BGN
Master Planner Purchasing and Inventory 31,520 BGN
Material Handler Purchasing and Inventory 20,940 BGN
Material Planning Specialist Purchasing and Inventory 32,020 BGN
Merchandise Manager Purchasing and Inventory 40,600 BGN
Procurement Administrator Purchasing and Inventory 40,040 BGN
Procurement Agent Purchasing and Inventory 28,820 BGN
Procurement Analyst Purchasing and Inventory 47,120 BGN
Procurement Assistant Purchasing and Inventory 25,440 BGN
Procurement Associate Purchasing and Inventory 39,640 BGN
Procurement Clerk Purchasing and Inventory 15,920 BGN
Procurement Engineer Purchasing and Inventory 35,520 BGN
Procurement Manager Purchasing and Inventory 73,760 BGN
Procurement Officer Purchasing and Inventory 17,540 BGN
Procurement Process Analyst Purchasing and Inventory 43,480 BGN
Procurement Specialist Purchasing and Inventory 33,960 BGN
Production Planner Purchasing and Inventory 35,420 BGN
Project Buyer Purchasing and Inventory 47,120 BGN
Purchaser Purchasing and Inventory 52,880 BGN
Purchasing Agent Purchasing and Inventory 28,900 BGN
Purchasing Assistant Purchasing and Inventory 20,520 BGN
Purchasing Manager Purchasing and Inventory 70,840 BGN
Purchasing Officer Purchasing and Inventory 31,340 BGN
Purchasing Supervisor Purchasing and Inventory 48,760 BGN
Shipping and Receiving Clerk Purchasing and Inventory 18,780 BGN
Shipping Coordinator Purchasing and Inventory 31,520 BGN
Stock Clerk Purchasing and Inventory 18,900 BGN
Stock Regulator Purchasing and Inventory 21,380 BGN
Storage Manager Purchasing and Inventory 44,720 BGN
Store Keeper Purchasing and Inventory 19,200 BGN
Stores and Logistics Coordinator Purchasing and Inventory 36,020 BGN
Supply Chain Analyst Purchasing and Inventory 51,900 BGN
Supply Chain Coordinator Purchasing and Inventory 36,020 BGN
Supply Chain Development Manager Purchasing and Inventory 63,400 BGN
Supply Chain Director Purchasing and Inventory 77,380 BGN
Supply Chain Manager Purchasing and Inventory 72,740 BGN
Supply Planner Purchasing and Inventory 37,200 BGN
Warehouse Assistant Purchasing and Inventory 12,240 BGN
Warehouse Clerk Purchasing and Inventory 13,100 BGN
Warehouse Executive Purchasing and Inventory 58,800 BGN
Warehouse Lead Purchasing and Inventory 40,560 BGN
Warehouse Manager Purchasing and Inventory 58,800 BGN
Warehouse Supervisor Purchasing and Inventory 46,840 BGN
Wholesale Buyer Purchasing and Inventory 53,860 BGN

Salary Comparison by City

If you want to compare salaries with different cities in Bulgaria, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Burgas 33,960 BGN
Plovdiv 34,120 BGN
Rousse 33,440 BGN
Sofia 38,140 BGN
Stara Zagora 31,400 BGN
Varna 34,480 BGN

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