Average Corporate Strategy Analyst Salary in Bulgaria for 2024

In this article, we will look at the average Corporate Strategy Analyst 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 Corporate Strategy Analyst Make in Bulgaria?

A Corporate Strategy Analyst working in Bulgaria will typically earn around 51,340 BGN per year, and this can range from the lowest average salary of about 26,500 BGN to the highest average salary of 78,400 BGN.

Average Annual Salary
51,340 BGN
Average Monthly Salary
4,278 BGN

Lowest Annual Salary
26,500 BGN
Lowest Monthly Salary
2,208 BGN

Highest Annual Salary
78,400 BGN
Highest Monthly Salary
6,533 BGN

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

Corporate Strategy Analyst 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 Corporate Strategy Analyst Salaries in Bulgaria

So we've looked at the average salaries a Corporate Strategy Analyst will earn in Bulgaria. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Corporate Strategy Analyst can earn between 26,500 BGN and 78,400 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 Corporate Strategy Analyst in Bulgaria is 50,080 BGN. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 50,080 BGN, and 50% of the population earn more than 50,080 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 Corporate Strategy Analyst salary in Bulgaria, 25% of the population are earning less than 34,960 BGN while 75% of the population earn more than 34,960 BGN.

75% of the population earn less than 62,420 BGN, and 25% of the population earn more than 62,420 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.

Corporate Strategy Analyst 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 corporate strategy analyst 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 Corporate Strategy Analyst in Bulgaria that has less than two years of experience can expect to earn somewhere in the region of 31,400 BGN.
  • 2 - 5 Years Experience. With two to five years of experience the average Corporate Strategy Analyst salary would increase to 40,040 BGN.
  • 5 - 10 Years Experience. From five to ten years of experience as a Corporate Strategy Analyst, the average salary would be 51,900 BGN.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 62,860 BGN.
  • 15 - 20 Years Experience. A Corporate Strategy Analyst with 15 to 20 years of experience can earn an average of 72,180 BGN.
  • 20+ Years Experience. For a Corporate Strategy Analyst with more than 20 years, the expected average salary increases to 75,280 BGN.

Average Salary by Experience Chart

0-2 Years
31,400 BGN
2-5 Years +34%
40,040 BGN
5-10 Years +30%
51,900 BGN
10-15 Years +21%
62,860 BGN
15-20 Years +9%
72,180 BGN
20+ Years +5%
75,280 BGN

Corporate Strategy Analyst 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 Corporate Strategy Analyst 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. A Corporate Strategy Analyst in Bulgaria with a high school education can earn an average salary of 38,140 BGN.

  • Certificate or Diploma. A Corporate Strategy Analyst in Bulgaria with a certificate or diploma education can earn an average salary of 42,320 BGN.

  • Bachelor's Degree. A Corporate Strategy Analyst in Bulgaria with a bachelor's degree education can earn an average salary of 58,000 BGN.

  • Master's Degree. A Corporate Strategy Analyst in Bulgaria with a master's degree education can earn an average salary of 70,880 BGN.

Average Salary by Education Chart

High School
38,140 BGN
Certificate or Diploma +14%
42,320 BGN
Bachelor's Degree +41%
58,000 BGN
Master's Degree +21%
70,880 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.

Corporate Strategy Analyst 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 corporate strategy analyst will earn an average of 52,820 BGN, while a female corporate strategy analyst will earn around 49,200 BGN.

This means that a male corporate strategy analyst earns approximately 7% more than a female corporate strategy analyst for performing the same job.

Average Salary by Gender Chart in Bulgaria

Male
52,820 BGN
Female -7%
49,200 BGN

Corporate Strategy Analyst 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 Corporate Strategy Analyst in Bulgaria is around 12% 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 = ( 12 ÷ 19 ) × 12  = 8%

What this means is that a Corporate Strategy Analyst in Bulgaria can expect to receive an average pay raise of around 8% 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%

Corporate Strategy Analyst 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 Corporate Strategy Analyst is a high bonus based job, with 76% of employees reporting at least one bonus in the last 12 months.

24% 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 6% to 8%.

Received Bonus
76%
No Bonus
24%

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 Corporate Strategy Analyst

In the table below, we have salary information for jobs that are similar to a Corporate Strategy Analyst in Bulgaria.

Job Title Category Salary
Assistant Business Development Manager Business Planning 50,560 BGN
Assistant Merchandise Planner Business Planning 31,400 BGN
Business Advisor Business Planning 50,540 BGN
Business Analyst Business Planning 46,880 BGN
Business Consultant Business Planning 48,640 BGN
Business Continuity Associate Business Planning 29,160 BGN
Business Developer Business Planning 31,080 BGN
Business Development Analyst Business Planning 37,200 BGN
Business Development Associate Business Planning 25,940 BGN
Business Development Coordinator Business Planning 27,480 BGN
Business Development Director Business Planning 72,360 BGN
Business Development Engineer Business Planning 42,320 BGN
Business Development Executive Business Planning 50,240 BGN
Business Development Manager Business Planning 60,160 BGN
Business Development Specialist Business Planning 47,720 BGN
Business Manager Business Planning 57,620 BGN
Business Operations Specialist Business Planning 49,300 BGN
Business Process Writer Business Planning 30,840 BGN
Business Systems Analyst Business Planning 46,880 BGN
Capacity Planner Business Planning 34,540 BGN
Capacity Planning Supervisor Business Planning 46,980 BGN
Change Communications Analyst Business Planning 46,980 BGN
Change Control Analyst Business Planning 44,540 BGN
Change Impact Analyst Business Planning 46,980 BGN
Contracts Executive Business Planning 50,020 BGN
Cost Control Engineer Business Planning 31,180 BGN
Cost Controller Business Planning 36,580 BGN
Cost Estimator Business Planning 34,980 BGN
Data Executive Business Planning 23,080 BGN
Data Manager Business Planning 36,580 BGN
Data Processing Manager Business Planning 45,200 BGN
Development Researcher Business Planning 36,580 BGN
Director of Business Development Business Planning 66,180 BGN
Director of Production Planning Business Planning 57,360 BGN
Due Diligence Analyst Business Planning 53,120 BGN
Estimating Manager Business Planning 57,360 BGN
General Manager Business Planning 58,520 BGN
Incident Handler Business Planning 35,340 BGN
Incident Specialist Business Planning 43,080 BGN
Lean Consultant Business Planning 35,260 BGN
Manager Business Planning 69,240 BGN
Marketing and Business Development Manager Business Planning 57,800 BGN
Materials Planner Business Planning 21,400 BGN
Merchandise Assistant Business Planning 20,460 BGN
Merchandise Controller Business Planning 21,020 BGN
Merchandise Planner Business Planning 23,520 BGN
Operations Analyst Business Planning 45,560 BGN
Operations Manager Business Planning 52,540 BGN
Operations Research Analyst Business Planning 31,940 BGN
Planning and Reporting Manager Business Planning 52,380 BGN
Planning Director Business Planning 66,140 BGN
Project Administrator Business Planning 29,600 BGN
Project Manager Business Planning 48,940 BGN
Project Planner Business Planning 32,620 BGN
Research Assistant Business Planning 28,660 BGN
Research Engineer Business Planning 31,960 BGN
Research Officer Business Planning 24,200 BGN
Risk Management Specialist Business Planning 48,820 BGN
Scholarship Coordinator Business Planning 23,140 BGN
Store Planner Business Planning 24,840 BGN
Strategy Director Business Planning 64,200 BGN
Top Research and Development Executive Business Planning 72,700 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 47,720 BGN
Plovdiv 51,120 BGN
Rousse 49,300 BGN
Sofia 53,860 BGN
Stara Zagora 45,600 BGN
Varna 53,840 BGN

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