Average Bank Accounts Executive Salary in Bulgaria for 2024

In this article, we will look at the average Bank Accounts Executive 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 a Bank Accounts Executive Make in Bulgaria?

A Bank Accounts Executive working in Bulgaria will typically earn around 43,760 BGN per year, and this can range from the lowest average salary of about 23,400 BGN to the highest average salary of 69,400 BGN.

Average Annual Salary
43,760 BGN
Average Monthly Salary
3,646 BGN

Lowest Annual Salary
23,400 BGN
Lowest Monthly Salary
1,950 BGN

Highest Annual Salary
69,400 BGN
Highest Monthly Salary
5,783 BGN

These are average salaries for a Bank Accounts Executive in Bulgaria and include benefits such as housing and transport. It's also possible for a Bank Accounts Executive to earn more or less than the average salaries shown above.

Bank Accounts Executive 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 Bank Accounts Executive Salaries in Bulgaria

So we've looked at the average salaries a Bank Accounts Executive will earn in Bulgaria. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Bank Accounts Executive can earn between 23,400 BGN and 69,400 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 a Bank Accounts Executive in Bulgaria is 47,120 BGN. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 47,120 BGN, and 50% of the population earn more than 47,120 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 Bank Accounts Executive salary in Bulgaria, 25% of the population are earning less than 31,940 BGN while 75% of the population earn more than 31,940 BGN.

75% of the population earn less than 61,460 BGN, and 25% of the population earn more than 61,460 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.

Bank Accounts Executive 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 bank accounts executive 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. A Bank Accounts Executive in Bulgaria that has less than two years of experience can expect to earn somewhere in the region of 27,300 BGN.
  • 2 - 5 Years Experience. With two to five years of experience the average Bank Accounts Executive salary would increase to 35,560 BGN.
  • 5 - 10 Years Experience. From five to ten years of experience as a Bank Accounts Executive, the average salary would be 48,200 BGN.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 57,360 BGN.
  • 15 - 20 Years Experience. A Bank Accounts Executive with 15 to 20 years of experience can earn an average of 61,840 BGN.
  • 20+ Years Experience. For a Bank Accounts Executive with more than 20 years, the expected average salary increases to 66,440 BGN.

Average Salary by Experience Chart

0-2 Years
27,300 BGN
2-5 Years +29%
35,560 BGN
5-10 Years +38%
48,200 BGN
10-15 Years +24%
57,360 BGN
15-20 Years +7%
61,840 BGN
20+ Years +7%
66,440 BGN

Bank Accounts Executive 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 a Bank Accounts Executive in Bulgaria based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Bank Accounts Executive in Bulgaria with a bachelor's degree education can earn an average salary of 31,980 BGN.

  • Master's Degree. A Bank Accounts Executive in Bulgaria with a master's degree education can earn an average salary of 51,800 BGN.

Average Salary by Education Chart

Bachelor's Degree
31,980 BGN
Master's Degree +60%
51,800 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.

Bank Accounts Executive 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 bank accounts executive will earn an average of 46,980 BGN, while a female bank accounts executive will earn around 45,200 BGN.

This means that a male bank accounts executive earns approximately 4% more than a female bank accounts executive for performing the same job.

Average Salary by Gender Chart in Bulgaria

Male
46,980 BGN
Female -4%
45,200 BGN

Bank Accounts Executive 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 a Bank Accounts Executive in Bulgaria is around 11% every 19 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 = ( 11 ÷ 19 ) × 12  = 7%

What this means is that a Bank Accounts Executive in Bulgaria can expect to receive an average pay raise of around 7% 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%

Bank Accounts Executive 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.

A Bank Accounts Executive is a moderate bonus based job, with 54% of employees reporting at least one bonus in the last 12 months.

46% 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 3% to 6%.

Received Bonus
54%
No Bonus
46%

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 a Bank Accounts Executive

In the table below, we have salary information for jobs that are similar to a Bank Accounts Executive in Bulgaria.

Job Title Category Salary
AML Analyst Banking 58,520 BGN
Assistant Bank Branch Manager Banking 50,560 BGN
Assistant Bank Manager Banking 66,840 BGN
ATM Manager Banking 61,180 BGN
ATM Service Technician Banking 15,580 BGN
Bank Accounts Analyst Banking 21,300 BGN
Bank Accounts Collector Banking 12,240 BGN
Bank Accounts Controller Banking 31,540 BGN
Bank Accounts Manager Banking 49,300 BGN
Bank Auditing Manager Banking 50,660 BGN
Bank Branch Manager Banking 67,120 BGN
Bank Branch Operations Coordinator Banking 30,700 BGN
Bank Clerk Banking 13,960 BGN
Bank Client Service Associate Banking 20,120 BGN
Bank Collector Banking 14,840 BGN
Bank Compliance Specialist Banking 37,800 BGN
Bank Manager Banking 84,580 BGN
Bank Operational Risk Manager Banking 80,480 BGN
Bank Operations Head Banking 80,640 BGN
Bank Operations Officer Banking 35,340 BGN
Bank Operations Specialist Banking 49,200 BGN
Bank Process Manager Banking 45,620 BGN
Bank Product Manager Banking 55,140 BGN
Bank Programme Manager Banking 58,440 BGN
Bank Project Manager Banking 64,620 BGN
Bank Propositions Manager Banking 60,340 BGN
Bank Quantitative Analyst Banking 38,780 BGN
Bank Regional Manager Banking 93,120 BGN
Bank Regional Risk Officer Banking 47,760 BGN
Bank Relationship Manager Banking 64,040 BGN
Bank Relationship Officer Banking 27,560 BGN
Bank Teller Banking 14,540 BGN
Banker Banking 28,680 BGN
Banking Business Analyst Banking 44,540 BGN
Banking Business Development Officer Banking 28,820 BGN
Banking Business Planning Executive Banking 60,600 BGN
Banking Product Manager Banking 53,860 BGN
Banking Reference Data Manager Banking 48,560 BGN
Banking Risk Analyst Banking 46,280 BGN
Banking Technical Analyst Banking 23,140 BGN
Bankruptcy Coordinator Banking 29,160 BGN
Bill and Account Collector Banking 16,400 BGN
Budget Analyst Banking 45,580 BGN
Capital Risk Manager Banking 80,760 BGN
Cards Marketing Manager Banking 54,460 BGN
Cash Management Manager Banking 78,160 BGN
Check Processing Manager Banking 61,460 BGN
Commercial Vault Associate Banking 46,280 BGN
Corporate Banker Banking 34,080 BGN
Corporate Dealer Banking 44,540 BGN
Credit Analyst Banking 34,380 BGN
Credit and Collections Manager Banking 57,620 BGN
Credit Card Fraud Investigator Banking 47,180 BGN
Credit Portfolio Manager Banking 78,480 BGN
Credit Risk Analyst Banking 50,980 BGN
Credit Risk Associate Banking 48,820 BGN
Direct Bank Sales Representative Banking 31,040 BGN
Exchange Control Consultant Banking 43,760 BGN
Executive Account Analyst Banking 46,280 BGN
Financial Bank Planning Consultant Banking 57,860 BGN
Financial Banking Analysis Manager Banking 66,940 BGN
Financial Banking Assistant Banking 20,460 BGN
Financial Banking Systems Manager Banking 60,400 BGN
Foreign Exchange Manager Banking 66,820 BGN
Fraud Analyst Banking 47,760 BGN
Fraud Detection Associate Banking 34,240 BGN
Fraud Detection Manager Banking 71,700 BGN
Fraud Detection Supervisor Banking 39,160 BGN
Internal Bank Audit Manager Banking 84,040 BGN
Internal Bank Auditor Banking 40,640 BGN
Internal Private Banker Banking 31,940 BGN
International Banking Manager Banking 90,660 BGN
Investment Banking Analyst Banking 66,100 BGN
Loan Analyst Banking 43,480 BGN
Loan Area Manager Banking 56,880 BGN
Loan Audit Team Leader Banking 51,400 BGN
Loan Branch Manager Banking 48,160 BGN
Loan Business Development Officer Banking 25,440 BGN
Loan Clerk Banking 16,880 BGN
Loan Collection and Recovery Manager Banking 53,860 BGN
Loan Collection Manager Banking 50,980 BGN
Loan Collector Banking 14,660 BGN
Loan Examiner Banking 16,980 BGN
Loan Officer Banking 17,540 BGN
Loan Processing Manager Banking 45,260 BGN
Loan Processor Banking 21,100 BGN
Loan Quality Assurance Auditor Banking 43,220 BGN
Loan Quality Assurance Manager Banking 49,300 BGN
Loan Quality Assurance Representative Banking 34,540 BGN
Loan Review Manager Banking 48,160 BGN
Loan Team Leader Banking 45,560 BGN
Loans Manager Banking 56,640 BGN
Mortgage Advisor Banking 31,340 BGN
Mortgage Collection Manager Banking 48,940 BGN
Mortgage Collector Banking 12,580 BGN
Mortgage Credit Analyst Banking 22,400 BGN
Mortgage Credit Manager Banking 45,260 BGN
Mortgage Development Manager Banking 55,320 BGN
Mortgage Document Reviewer Banking 19,480 BGN
Mortgage Funding Manager Banking 54,700 BGN
Mortgage Operations Manager Banking 79,280 BGN
Mortgage Payment Processing Clerk Banking 16,880 BGN
Mortgage Processing Manager Banking 50,020 BGN
Mortgage Processor Banking 19,380 BGN
Mortgage Quality Assurance Auditor Banking 43,260 BGN
Mortgage Quality Assurance Manager Banking 50,980 BGN
Mortgage Servicing Clerk Banking 14,840 BGN
Mortgage Servicing Manager Banking 47,720 BGN
Mortgage Underwriter Banking 17,860 BGN
Online Banking Manager Banking 79,000 BGN
Payment Processing Clerk Banking 14,540 BGN
Personal Banker Banking 33,440 BGN
Personal Banking Advisor Banking 35,560 BGN
Phone Banker Banking 23,380 BGN
Private Banker Banking 33,440 BGN
Reconciliation and Investigation Specialist Banking 33,520 BGN
Tax Officer Banking 27,380 BGN
Teller Banking 17,020 BGN
Trade Officer Banking 17,560 BGN
Trade Product Manager Banking 51,100 BGN
Trader Banking 23,380 BGN
Treasury Operations Officer Banking 38,680 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 44,800 BGN
Plovdiv 46,040 BGN
Rousse 43,480 BGN
Sofia 50,020 BGN
Stara Zagora 38,620 BGN
Varna 43,760 BGN

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