Average Business Developer Salary in Slovakia for 2024

In this article, we will look at the average Business Developer salary for 2024 in Slovakia 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 Euro. To keep things simple, we are using the EUR currency code instead of the currency symbol โ‚ฌ.

How Much Does a Business Developer Make in Slovakia?

A Business Developer working in Slovakia will typically earn around 19,380 EUR per year, and this can range from the lowest average salary of about 9,460 EUR to the highest average salary of 31,180 EUR.

Average Annual Salary
19,380 EUR
Average Monthly Salary
1,615 EUR

Lowest Annual Salary
9,460 EUR
Lowest Monthly Salary
788 EUR

Highest Annual Salary
31,180 EUR
Highest Monthly Salary
2,598 EUR

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

Business Developer 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 Business Developer Salaries in Slovakia

So we've looked at the average salaries a Business Developer will earn in Slovakia. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Business Developer can earn between 9,460 EUR and 31,180 EUR on average in Slovakia. 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 Business Developer in Slovakia is 19,060 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 19,060 EUR, and 50% of the population earn more than 19,060 EUR.

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 Business Developer salary in Slovakia, 25% of the population are earning less than 12,000 EUR while 75% of the population earn more than 12,000 EUR.

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

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.

Business Developer Salary by Experience Level in Slovakia

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 business developer 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 Business Developer in Slovakia that has less than two years of experience can expect to earn somewhere in the region of 13,660 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Business Developer salary would increase to 14,540 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Business Developer, the average salary would be 21,400 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 24,720 EUR.
  • 15 - 20 Years Experience. A Business Developer with 15 to 20 years of experience can earn an average of 29,540 EUR.
  • 20+ Years Experience. For a Business Developer with more than 20 years, the expected average salary increases to 31,540 EUR.

Average Salary by Experience Chart

0-2 Years
13,660 EUR
2-5 Years +29%
14,540 EUR
5-10 Years +38%
21,400 EUR
10-15 Years +24%
24,720 EUR
15-20 Years +7%
29,540 EUR
20+ Years +7%
31,540 EUR

Business Developer Salary by Education Level in Slovakia

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 Business Developer in Slovakia 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 Business Developer in Slovakia with a high school education can earn an average salary of 14,660 EUR.

  • Certificate or Diploma. A Business Developer in Slovakia with a certificate or diploma education can earn an average salary of 16,720 EUR.

  • Bachelor's Degree. A Business Developer in Slovakia with a bachelor's degree education can earn an average salary of 21,300 EUR.

  • Master's Degree. A Business Developer in Slovakia with a master's degree education can earn an average salary of 27,480 EUR.

Average Salary by Education Chart

High School
14,660 EUR
Certificate or Diploma +15%
16,720 EUR
Bachelor's Degree +35%
21,300 EUR
Master's Degree +26%
27,480 EUR

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 Slovakia is around 10,900 to 32,700 EUR 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.

Business Developer 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 Slovakia, a male business developer will earn an average of 21,380 EUR, while a female business developer will earn around 19,480 EUR.

This means that a male business developer earns approximately 10% more than a female business developer for performing the same job.

Average Salary by Gender Chart in Slovakia

Male
21,380 EUR
Female -10%
19,480 EUR

Business Developer Average Pay Raise in Slovakia

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 Business Developer in Slovakia is around 11% every 17 months.

The national average pay raise across all professions and industries in Slovakia is around 7% every 19 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 ÷ 17 ) × 12  = 8%

What this means is that a Business Developer in Slovakia can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Slovakia for 2024

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

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

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Business Developer Bonus and Incentive Rates in Slovakia

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 Business Developer is a high bonus based job, with 78% of employees reporting at least one bonus in the last 12 months.

22% 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 5% to 9%.

Received Bonus
78%
No Bonus
22%

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

Public Sector
26,100 EUR
Private Sector -2%
25,680 EUR

Salaries for Jobs Similar to a Business Developer

In the table below, we have salary information for jobs that are similar to a Business Developer in Slovakia.

Job Title Category Salary
Assistant Business Development Manager Business Planning 33,980 EUR
Assistant Merchandise Planner Business Planning 21,540 EUR
Business Advisor Business Planning 30,700 EUR
Business Analyst Business Planning 29,320 EUR
Business Consultant Business Planning 27,480 EUR
Business Continuity Associate Business Planning 17,760 EUR
Business Development Analyst Business Planning 23,500 EUR
Business Development Associate Business Planning 15,580 EUR
Business Development Coordinator Business Planning 16,140 EUR
Business Development Director Business Planning 43,760 EUR
Business Development Engineer Business Planning 23,700 EUR
Business Development Executive Business Planning 31,980 EUR
Business Development Manager Business Planning 40,420 EUR
Business Development Specialist Business Planning 31,540 EUR
Business Manager Business Planning 36,800 EUR
Business Operations Specialist Business Planning 28,860 EUR
Business Process Writer Business Planning 17,560 EUR
Business Systems Analyst Business Planning 28,680 EUR
Capacity Planner Business Planning 20,760 EUR
Capacity Planning Supervisor Business Planning 32,020 EUR
Change Communications Analyst Business Planning 30,800 EUR
Change Control Analyst Business Planning 30,700 EUR
Change Impact Analyst Business Planning 29,640 EUR
Contracts Executive Business Planning 28,720 EUR
Corporate Strategy Analyst Business Planning 32,200 EUR
Cost Control Engineer Business Planning 19,020 EUR
Cost Controller Business Planning 19,940 EUR
Cost Estimator Business Planning 21,100 EUR
Data Executive Business Planning 17,260 EUR
Data Manager Business Planning 22,420 EUR
Data Processing Manager Business Planning 27,020 EUR
Development Researcher Business Planning 24,820 EUR
Director of Business Development Business Planning 44,800 EUR
Director of Production Planning Business Planning 38,260 EUR
Due Diligence Analyst Business Planning 31,180 EUR
Estimating Manager Business Planning 34,960 EUR
General Manager Business Planning 40,140 EUR
Incident Handler Business Planning 19,380 EUR
Incident Specialist Business Planning 26,020 EUR
Lean Consultant Business Planning 24,280 EUR
Manager Business Planning 38,620 EUR
Marketing and Business Development Manager Business Planning 40,140 EUR
Materials Planner Business Planning 12,620 EUR
Merchandise Assistant Business Planning 13,780 EUR
Merchandise Controller Business Planning 13,780 EUR
Merchandise Planner Business Planning 12,620 EUR
Operations Analyst Business Planning 29,840 EUR
Operations Manager Business Planning 31,980 EUR
Operations Research Analyst Business Planning 18,780 EUR
Planning and Reporting Manager Business Planning 31,040 EUR
Planning Director Business Planning 41,180 EUR
Project Administrator Business Planning 21,020 EUR
Project Manager Business Planning 31,520 EUR
Project Planner Business Planning 20,520 EUR
Research Assistant Business Planning 17,560 EUR
Research Engineer Business Planning 18,900 EUR
Research Officer Business Planning 17,100 EUR
Risk Management Specialist Business Planning 26,860 EUR
Scholarship Coordinator Business Planning 14,840 EUR
Store Planner Business Planning 14,540 EUR
Strategy Director Business Planning 43,220 EUR
Top Research and Development Executive Business Planning 45,620 EUR

Salary Comparison by City

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

City Average Salary
Bratislava 21,980 EUR

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