Average Corporate Strategy Analyst Salary in Macedonia for 2024

In this article, we will look at the average Corporate Strategy Analyst salary for 2024 in Macedonia 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 denar. To keep things simple, we are using the MKD currency code instead of the currency symbol den.

How Much Does a Corporate Strategy Analyst Make in Macedonia?

A Corporate Strategy Analyst working in Macedonia will typically earn around 689,900 MKD per year, and this can range from the lowest average salary of about 363,000 MKD to the highest average salary of 1,045,100 MKD.

Average Annual Salary
689,900 MKD
Average Monthly Salary
57,491 MKD

Lowest Annual Salary
363,000 MKD
Lowest Monthly Salary
30,250 MKD

Highest Annual Salary
1,045,100 MKD
Highest Monthly Salary
87,091 MKD

These are average salaries for a Corporate Strategy Analyst in Macedonia 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 Macedonia

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

Salary ranges

We already know that a Corporate Strategy Analyst can earn between 363,000 MKD and 1,045,100 MKD on average in Macedonia. 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 Macedonia is 646,600 MKD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 646,600 MKD, and 50% of the population earn more than 646,600 MKD.

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 Macedonia, 25% of the population are earning less than 454,900 MKD while 75% of the population earn more than 454,900 MKD.

75% of the population earn less than 795,700 MKD, and 25% of the population earn more than 795,700 MKD.

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 Macedonia

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 Macedonia that has less than two years of experience can expect to earn somewhere in the region of 421,400 MKD.
  • 2 - 5 Years Experience. With two to five years of experience the average Corporate Strategy Analyst salary would increase to 516,100 MKD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Corporate Strategy Analyst, the average salary would be 728,500 MKD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 852,600 MKD.
  • 15 - 20 Years Experience. A Corporate Strategy Analyst with 15 to 20 years of experience can earn an average of 938,700 MKD.
  • 20+ Years Experience. For a Corporate Strategy Analyst with more than 20 years, the expected average salary increases to 991,100 MKD.

Average Salary by Experience Chart

0-2 Years
421,400 MKD
2-5 Years +23%
516,100 MKD
5-10 Years +42%
728,500 MKD
10-15 Years +17%
852,600 MKD
15-20 Years +10%
938,700 MKD
20+ Years +6%
991,100 MKD

Corporate Strategy Analyst Salary by Education Level in Macedonia

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 Macedonia 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 Macedonia with a high school education can earn an average salary of 510,000 MKD.

  • Certificate or Diploma. A Corporate Strategy Analyst in Macedonia with a certificate or diploma education can earn an average salary of 574,200 MKD.

  • Bachelor's Degree. A Corporate Strategy Analyst in Macedonia with a bachelor's degree education can earn an average salary of 752,600 MKD.

  • Master's Degree. A Corporate Strategy Analyst in Macedonia with a master's degree education can earn an average salary of 991,100 MKD.

Average Salary by Education Chart

High School
510,000 MKD
Certificate or Diploma +13%
574,200 MKD
Bachelor's Degree +31%
752,600 MKD
Master's Degree +32%
991,100 MKD

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 Macedonia is around 230,000 to 689,000 MKD 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 Macedonia, a male corporate strategy analyst will earn an average of 709,600 MKD, while a female corporate strategy analyst will earn around 663,200 MKD.

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 Macedonia

Male
709,600 MKD
Female -7%
663,200 MKD

Corporate Strategy Analyst Average Pay Raise in Macedonia

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 Macedonia is around 9% every 28 months.

The national average pay raise across all professions and industries in Macedonia is around 4% every 29 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 = ( 9 ÷ 28 ) × 12  = 4%

What this means is that a Corporate Strategy Analyst in Macedonia can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Macedonia for 2024

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

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

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Corporate Strategy Analyst Bonus and Incentive Rates in Macedonia

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 moderate bonus based job, with 60% of employees reporting at least one bonus in the last 12 months.

40% 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
60%
No Bonus
40%

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 Macedonia earn approximately 10% more than private sector employees in the same role.

Public Sector
573,500 MKD
Private Sector -10%
519,300 MKD

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 Macedonia.

Job Title Category Salary
Assistant Business Development Manager Business Planning 724,300 MKD
Assistant Merchandise Planner Business Planning 417,100 MKD
Business Advisor Business Planning 677,100 MKD
Business Analyst Business Planning 688,900 MKD
Business Consultant Business Planning 689,900 MKD
Business Continuity Associate Business Planning 424,300 MKD
Business Developer Business Planning 455,400 MKD
Business Development Analyst Business Planning 492,400 MKD
Business Development Associate Business Planning 361,600 MKD
Business Development Coordinator Business Planning 386,400 MKD
Business Development Director Business Planning 985,700 MKD
Business Development Engineer Business Planning 563,000 MKD
Business Development Executive Business Planning 684,900 MKD
Business Development Manager Business Planning 858,400 MKD
Business Development Specialist Business Planning 627,900 MKD
Business Manager Business Planning 778,500 MKD
Business Operations Specialist Business Planning 652,200 MKD
Business Process Writer Business Planning 388,100 MKD
Business Systems Analyst Business Planning 701,400 MKD
Capacity Planner Business Planning 472,100 MKD
Capacity Planning Supervisor Business Planning 646,600 MKD
Change Communications Analyst Business Planning 645,800 MKD
Change Control Analyst Business Planning 677,100 MKD
Change Impact Analyst Business Planning 637,500 MKD
Contracts Executive Business Planning 698,200 MKD
Cost Control Engineer Business Planning 426,700 MKD
Cost Controller Business Planning 499,300 MKD
Cost Estimator Business Planning 436,200 MKD
Data Executive Business Planning 352,000 MKD
Data Manager Business Planning 519,300 MKD
Data Processing Manager Business Planning 607,400 MKD
Development Researcher Business Planning 529,600 MKD
Director of Business Development Business Planning 934,900 MKD
Director of Production Planning Business Planning 800,200 MKD
Due Diligence Analyst Business Planning 758,700 MKD
Estimating Manager Business Planning 767,000 MKD
General Manager Business Planning 803,400 MKD
Incident Handler Business Planning 485,200 MKD
Incident Specialist Business Planning 610,100 MKD
Lean Consultant Business Planning 522,700 MKD
Manager Business Planning 896,700 MKD
Marketing and Business Development Manager Business Planning 875,000 MKD
Materials Planner Business Planning 315,900 MKD
Merchandise Assistant Business Planning 281,500 MKD
Merchandise Controller Business Planning 290,800 MKD
Merchandise Planner Business Planning 294,700 MKD
Operations Analyst Business Planning 642,800 MKD
Operations Manager Business Planning 757,600 MKD
Operations Research Analyst Business Planning 397,900 MKD
Planning and Reporting Manager Business Planning 773,400 MKD
Planning Director Business Planning 906,500 MKD
Project Administrator Business Planning 425,100 MKD
Project Manager Business Planning 736,700 MKD
Project Planner Business Planning 419,400 MKD
Research Assistant Business Planning 371,100 MKD
Research Engineer Business Planning 430,500 MKD
Research Officer Business Planning 341,400 MKD
Risk Management Specialist Business Planning 631,200 MKD
Scholarship Coordinator Business Planning 341,900 MKD
Store Planner Business Planning 339,100 MKD
Strategy Director Business Planning 956,200 MKD
Top Research and Development Executive Business Planning 1,053,900 MKD

Salary Comparison by City

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

City Average Salary
Skopje 767,000 MKD

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