Average Boat Builder and Shipwright Salary in Serbia for 2024

In this article, we will look at the average Boat Builder and Shipwright salary for 2024 in Serbia 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 Serbian dinar. To keep things simple, we are using the RSD currency code instead of the currency symbol дин..

How Much Does a Boat Builder and Shipwright Make in Serbia?

A Boat Builder and Shipwright working in Serbia will typically earn around 767,500 RSD per year, and this can range from the lowest average salary of about 351,200 RSD to the highest average salary of 1,224,800 RSD.

Average Annual Salary
767,500 RSD
Average Monthly Salary
63,958 RSD

Lowest Annual Salary
351,200 RSD
Lowest Monthly Salary
29,266 RSD

Highest Annual Salary
1,224,800 RSD
Highest Monthly Salary
102,066 RSD

These are average salaries for a Boat Builder and Shipwright in Serbia and include benefits such as housing and transport. It's also possible for a Boat Builder and Shipwright to earn more or less than the average salaries shown above.

Boat Builder and Shipwright 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 Boat Builder and Shipwright Salaries in Serbia

So we've looked at the average salaries a Boat Builder and Shipwright will earn in Serbia. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Boat Builder and Shipwright can earn between 351,200 RSD and 1,224,800 RSD on average in Serbia. 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 Boat Builder and Shipwright in Serbia is 829,000 RSD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 829,000 RSD, and 50% of the population earn more than 829,000 RSD.

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 Boat Builder and Shipwright salary in Serbia, 25% of the population are earning less than 531,700 RSD while 75% of the population earn more than 531,700 RSD.

75% of the population earn less than 1,108,500 RSD, and 25% of the population earn more than 1,108,500 RSD.

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.

Boat Builder and Shipwright Salary by Experience Level in Serbia

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 boat builder and shipwright 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 Boat Builder and Shipwright in Serbia that has less than two years of experience can expect to earn somewhere in the region of 399,900 RSD.
  • 2 - 5 Years Experience. With two to five years of experience the average Boat Builder and Shipwright salary would increase to 535,800 RSD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Boat Builder and Shipwright, the average salary would be 790,600 RSD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 964,000 RSD.
  • 15 - 20 Years Experience. A Boat Builder and Shipwright with 15 to 20 years of experience can earn an average of 1,051,400 RSD.
  • 20+ Years Experience. For a Boat Builder and Shipwright with more than 20 years, the expected average salary increases to 1,138,500 RSD.

Average Salary by Experience Chart

0-2 Years
399,900 RSD
2-5 Years +34%
535,800 RSD
5-10 Years +48%
790,600 RSD
10-15 Years +22%
964,000 RSD
15-20 Years +9%
1,051,400 RSD
20+ Years +8%
1,138,500 RSD

Boat Builder and Shipwright Salary by Education Level in Serbia

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 Boat Builder and Shipwright in Serbia based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Boat Builder and Shipwright in Serbia with a high school education can earn an average salary of 457,300 RSD.

  • Certificate or Diploma. A Boat Builder and Shipwright in Serbia with a certificate or diploma education can earn an average salary of 717,900 RSD.

  • Bachelor's Degree. A Boat Builder and Shipwright in Serbia with a bachelor's degree education can earn an average salary of 1,198,300 RSD.

Average Salary by Education Chart

High School
457,300 RSD
Certificate or Diploma +57%
717,900 RSD
Bachelor's Degree +68%
1,198,300 RSD

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 Serbia is around 701,000 to 2,100,000 RSD 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.

Boat Builder and Shipwright 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 Serbia, a male boat builder and shipwright will earn an average of 791,600 RSD, while a female boat builder and shipwright will earn around 743,100 RSD.

This means that a male boat builder and shipwright earns approximately 7% more than a female boat builder and shipwright for performing the same job.

Average Salary by Gender Chart in Serbia

Male
791,600 RSD
Female -7%
743,100 RSD

Boat Builder and Shipwright Average Pay Raise in Serbia

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 Boat Builder and Shipwright in Serbia is around 7% every 22 months.

The national average pay raise across all professions and industries in Serbia 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 = ( 7 ÷ 22 ) × 12  = 4%

What this means is that a Boat Builder and Shipwright in Serbia can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Serbia for 2024

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

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

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Boat Builder and Shipwright Bonus and Incentive Rates in Serbia

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 Boat Builder and Shipwright is a low bonus based job, with 29% of employees reporting at least one bonus in the last 12 months.

71% 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 0% to 4%.

Received Bonus
29%
No Bonus
71%

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 Serbia earn approximately 15% more than private sector employees in the same role.

Public Sector
1,800,200 RSD
Private Sector -15%
1,570,900 RSD

Salaries for Jobs Similar to a Boat Builder and Shipwright

In the table below, we have salary information for jobs that are similar to a Boat Builder and Shipwright in Serbia.

Job Title Category Salary
Adjudicator Construction / Building / Installation 637,500 RSD
Assembler Construction / Building / Installation 501,400 RSD
Bricklayer Construction / Building / Installation 433,800 RSD
Building Administrator Construction / Building / Installation 659,400 RSD
Building Contracts Manager Construction / Building / Installation 2,314,800 RSD
Building Inspector Construction / Building / Installation 615,000 RSD
Building Monitor Construction / Building / Installation 504,300 RSD
Building Sales Manager Construction / Building / Installation 2,207,600 RSD
Cabinetmaker Construction / Building / Installation 535,900 RSD
Carpenter Construction / Building / Installation 592,200 RSD
Civil Engineer Construction / Building / Installation 1,464,200 RSD
Civil Technician Construction / Building / Installation 733,300 RSD
Concreter Construction / Building / Installation 454,900 RSD
Construction and Building Inspector Construction / Building / Installation 639,900 RSD
Construction and Maintenance Manager Construction / Building / Installation 1,249,900 RSD
Construction Assistant Construction / Building / Installation 580,600 RSD
Construction Coordinator Construction / Building / Installation 829,000 RSD
Construction Estimator Construction / Building / Installation 913,400 RSD
Construction Field Engineer Construction / Building / Installation 1,320,500 RSD
Construction General Manager Construction / Building / Installation 2,878,300 RSD
Construction Inventory Officer Construction / Building / Installation 529,600 RSD
Construction Manager Construction / Building / Installation 2,893,600 RSD
Construction Operations Manager Construction / Building / Installation 2,447,200 RSD
Construction Project Controls Manager Construction / Building / Installation 1,980,600 RSD
Construction Project Coordinator Construction / Building / Installation 1,487,200 RSD
Construction Project Engineer Construction / Building / Installation 1,560,800 RSD
Construction Project Manager Construction / Building / Installation 2,711,900 RSD
Construction Project Manager Construction / Building / Installation 2,748,900 RSD
Construction Project Planner Construction / Building / Installation 1,380,400 RSD
Construction Quality Control Manager Construction / Building / Installation 2,026,800 RSD
Construction Safety Officer Construction / Building / Installation 962,900 RSD
Construction Superintendent Construction / Building / Installation 986,700 RSD
Construction Supervisor Construction / Building / Installation 1,487,200 RSD
Construction Technical Assistant Construction / Building / Installation 574,200 RSD
Construction Technical Officer Construction / Building / Installation 679,200 RSD
Construction Technical Writer Construction / Building / Installation 572,200 RSD
Construction Technician Construction / Building / Installation 556,000 RSD
Construction Worker Construction / Building / Installation 475,700 RSD
Crane and Tower Operator Construction / Building / Installation 524,700 RSD
Crane Operator Construction / Building / Installation 510,000 RSD
Diesel Mechanic Construction / Building / Installation 483,800 RSD
Draughtsman Construction / Building / Installation 472,100 RSD
Drywall Installer Construction / Building / Installation 525,700 RSD
Electrical Draftsman Construction / Building / Installation 541,700 RSD
Electrical Engineering Supervisor Construction / Building / Installation 1,728,900 RSD
Electrical Engineering Technician Construction / Building / Installation 643,800 RSD
Electrical Supervisor Construction / Building / Installation 1,087,500 RSD
Electrician Construction / Building / Installation 792,900 RSD
Elevator Installer and Repairer Construction / Building / Installation 631,200 RSD
Engineer Construction / Building / Installation 1,524,300 RSD
Excavator Operator Construction / Building / Installation 535,800 RSD
Field Inspector Construction / Building / Installation 913,400 RSD
Floor Finisher Construction / Building / Installation 575,100 RSD
Floor Manager Construction / Building / Installation 864,700 RSD
Foreman Construction / Building / Installation 428,400 RSD
Frame and Truss Detailer Construction / Building / Installation 459,700 RSD
Furniture Finisher Construction / Building / Installation 496,100 RSD
Gas Technician Construction / Building / Installation 464,900 RSD
Handyman Construction / Building / Installation 454,900 RSD
Health and Safety Coordinator Construction / Building / Installation 643,400 RSD
Health and Safety Officer Construction / Building / Installation 699,700 RSD
Installation Manager Construction / Building / Installation 1,703,200 RSD
Installer Construction / Building / Installation 457,300 RSD
Insulation Installer Construction / Building / Installation 524,400 RSD
Labourer Construction / Building / Installation 417,200 RSD
Land Surveyor Construction / Building / Installation 650,700 RSD
Lift Technician Construction / Building / Installation 499,300 RSD
Maintenance Foreman Construction / Building / Installation 433,800 RSD
Material Tester Construction / Building / Installation 800,500 RSD
Model Maker Construction / Building / Installation 767,500 RSD
Order Picker Construction / Building / Installation 472,100 RSD
Painter Construction / Building / Installation 472,000 RSD
Pipe Layer Construction / Building / Installation 399,900 RSD
Pipe Welder Construction / Building / Installation 409,000 RSD
Pipefitter Construction / Building / Installation 442,200 RSD
Plumber Construction / Building / Installation 575,100 RSD
Property Coordinator Construction / Building / Installation 1,273,300 RSD
Purchasing Manager Construction / Building / Installation 1,835,700 RSD
Quantity Estimator Construction / Building / Installation 949,600 RSD
Quantity Surveyor Construction / Building / Installation 971,200 RSD
Roof Slater and Tiler Construction / Building / Installation 459,700 RSD
Sheet Metal Mechanic Construction / Building / Installation 504,400 RSD
Sheet Metal Worker Construction / Building / Installation 433,800 RSD
Site Clerk Construction / Building / Installation 498,000 RSD
Site engineer Construction / Building / Installation 1,306,100 RSD
Site Leader Construction / Building / Installation 2,362,300 RSD
Stock Controller Construction / Building / Installation 714,300 RSD
Structural Steel Construction Worker Construction / Building / Installation 544,800 RSD
Technical Draughtsman Construction / Building / Installation 607,400 RSD
Tender Manager Construction / Building / Installation 2,110,600 RSD
Tendering Manager Construction / Building / Installation 2,242,500 RSD
Tower Crane Operator Construction / Building / Installation 492,400 RSD
Wall and Floor Tiler Construction / Building / Installation 467,700 RSD
Warehouse Manager Construction / Building / Installation 1,632,100 RSD
Welder Construction / Building / Installation 417,200 RSD
Welding Superintendent Construction / Building / Installation 603,400 RSD

Salary Comparison by City

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

City Average Salary
Belgrade 828,400 RSD
Novi Sad 759,300 RSD

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