Average Debt Adviser Salary in Bulgaria for 2024

In this article, we will look at the average Debt Adviser 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 Debt Adviser Make in Bulgaria?

A Debt Adviser working in Bulgaria will typically earn around 50,580 BGN per year, and this can range from the lowest average salary of about 20,760 BGN to the highest average salary of 79,600 BGN.

Average Annual Salary
50,580 BGN
Average Monthly Salary
4,215 BGN

Lowest Annual Salary
20,760 BGN
Lowest Monthly Salary
1,730 BGN

Highest Annual Salary
79,600 BGN
Highest Monthly Salary
6,633 BGN

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

Debt Adviser 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 Debt Adviser Salaries in Bulgaria

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

Salary ranges

We already know that a Debt Adviser can earn between 20,760 BGN and 79,600 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 Debt Adviser in Bulgaria is 51,120 BGN. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 51,120 BGN, and 50% of the population earn more than 51,120 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 Debt Adviser salary in Bulgaria, 25% of the population are earning less than 35,560 BGN while 75% of the population earn more than 35,560 BGN.

75% of the population earn less than 72,180 BGN, and 25% of the population earn more than 72,180 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.

Debt Adviser 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 debt adviser 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 Debt Adviser in Bulgaria that has less than two years of experience can expect to earn somewhere in the region of 24,860 BGN.
  • 2 - 5 Years Experience. With two to five years of experience the average Debt Adviser salary would increase to 35,300 BGN.
  • 5 - 10 Years Experience. From five to ten years of experience as a Debt Adviser, the average salary would be 49,020 BGN.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 63,380 BGN.
  • 15 - 20 Years Experience. A Debt Adviser with 15 to 20 years of experience can earn an average of 67,900 BGN.
  • 20+ Years Experience. For a Debt Adviser with more than 20 years, the expected average salary increases to 73,820 BGN.

Average Salary by Experience Chart

0-2 Years
24,860 BGN
2-5 Years +34%
35,300 BGN
5-10 Years +48%
49,020 BGN
10-15 Years +22%
63,380 BGN
15-20 Years +9%
67,900 BGN
20+ Years +8%
73,820 BGN

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

  • Certificate or Diploma. A Debt Adviser in Bulgaria with a certificate or diploma education can earn an average salary of 27,560 BGN.

  • Bachelor's Degree. A Debt Adviser in Bulgaria with a bachelor's degree education can earn an average salary of 47,540 BGN.

  • Master's Degree. A Debt Adviser in Bulgaria with a master's degree education can earn an average salary of 78,420 BGN.

Average Salary by Education Chart

Certificate or Diploma
27,560 BGN
Bachelor's Degree +57%
47,540 BGN
Master's Degree +68%
78,420 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.

Debt Adviser 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 debt adviser will earn an average of 50,520 BGN, while a female debt adviser will earn around 48,140 BGN.

This means that a male debt adviser earns approximately 5% more than a female debt adviser for performing the same job.

Average Salary by Gender Chart in Bulgaria

Male
50,520 BGN
Female -5%
48,140 BGN

Debt Adviser 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 Debt Adviser in Bulgaria is around 10% every 20 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 = ( 10 ÷ 20 ) × 12  = 6%

What this means is that a Debt Adviser in Bulgaria can expect to receive an average pay raise of around 6% 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%

Debt Adviser 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 Debt Adviser is a high bonus based job, with 82% of employees reporting at least one bonus in the last 12 months.

18% 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
82%
No Bonus
18%

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 Debt Adviser

In the table below, we have salary information for jobs that are similar to a Debt Adviser in Bulgaria.

Job Title Category Salary
Account Examiner Accounting and Finance 21,020 BGN
Account Executive Accounting and Finance 34,960 BGN
Accountant Accounting and Finance 28,820 BGN
Accounting Analyst Accounting and Finance 34,480 BGN
Accounting Assistant Accounting and Finance 20,460 BGN
Accounting Associate Accounting and Finance 21,020 BGN
Accounting Clerk Accounting and Finance 17,560 BGN
Accounting Coordinator Accounting and Finance 27,020 BGN
Accounting Head Accounting and Finance 53,320 BGN
Accounting Manager Accounting and Finance 57,440 BGN
Accounting Officer Accounting and Finance 21,640 BGN
Accounting Specialist Accounting and Finance 41,700 BGN
Accounting Supervisor Accounting and Finance 39,640 BGN
Accounting Technician Accounting and Finance 18,900 BGN
Accounting Unit Controller Accounting and Finance 47,720 BGN
Accounts Executive Accounting and Finance 36,940 BGN
Accounts Officer Accounting and Finance 23,520 BGN
Accounts Payable and Receivable Specialist Accounting and Finance 26,100 BGN
Accounts Payable Assistant Accounting and Finance 24,280 BGN
Accounts Payable Associate Accounting and Finance 26,780 BGN
Accounts Payable Clerk Accounting and Finance 21,560 BGN
Accounts Payable Manager Accounting and Finance 58,860 BGN
Accounts Receivable Administrator Accounting and Finance 38,700 BGN
Accounts Receivable Clerk Accounting and Finance 20,940 BGN
Accounts Receivable Financial Analyst Accounting and Finance 42,320 BGN
Accounts Receivable Manager Accounting and Finance 54,280 BGN
Accounts Receivable Team Leader Accounting and Finance 43,220 BGN
Assistant Accountant Accounting and Finance 20,000 BGN
Assistant Accounting Manager Accounting and Finance 53,320 BGN
Assistant Auditor Accounting and Finance 29,040 BGN
Assistant Corporate Controller Accounting and Finance 39,160 BGN
Assistant Finance Manager Accounting and Finance 58,280 BGN
Assistant Financial Controller Accounting and Finance 41,980 BGN
Audit Director Accounting and Finance 62,860 BGN
Audit Supervisor Accounting and Finance 49,020 BGN
Auditing Clerk Accounting and Finance 23,520 BGN
Auditing Manager Accounting and Finance 57,820 BGN
Billing Clerk Accounting and Finance 20,940 BGN
Billing Coordinator Accounting and Finance 24,860 BGN
Billing Specialist Accounting and Finance 27,560 BGN
Billing Supervisor Accounting and Finance 43,080 BGN
Bookkeeper Accounting and Finance 18,940 BGN
Bookkeeping Specialist Accounting and Finance 25,160 BGN
Budget Analyst Accounting and Finance 45,720 BGN
Budget Manager Accounting and Finance 60,400 BGN
Business Support Analyst Accounting and Finance 31,400 BGN
Capital Markets Associate Accounting and Finance 44,180 BGN
Cash Flow Analyst Accounting and Finance 45,600 BGN
Cash Management Manager Accounting and Finance 52,880 BGN
Cash Management Officer Accounting and Finance 31,040 BGN
Cashbook Clerk Accounting and Finance 20,520 BGN
Chartered Accountant Accounting and Finance 39,160 BGN
Chief Accountant Accounting and Finance 44,180 BGN
Collections Clerk Accounting and Finance 17,560 BGN
Collections Representative Accounting and Finance 25,940 BGN
Collections Specialist Accounting and Finance 30,840 BGN
Corporate Controller Accounting and Finance 46,840 BGN
Corporate Treasurer Accounting and Finance 53,160 BGN
Cost Accountant Accounting and Finance 26,100 BGN
Cost Accounting Manager Accounting and Finance 57,620 BGN
Cost Accounting Supervisor Accounting and Finance 43,340 BGN
Cost Analyst Accounting and Finance 45,200 BGN
Credit and Collection Manager Accounting and Finance 57,900 BGN
Credit and Collection Staff Accounting and Finance 21,640 BGN
Credit and Loans Officer Accounting and Finance 21,020 BGN
Credit Controller Accounting and Finance 41,980 BGN
Credit Manager Accounting and Finance 60,880 BGN
Debt Collector Accounting and Finance 22,420 BGN
Debtors Clerk Accounting and Finance 18,940 BGN
Debtors Controller Accounting and Finance 21,640 BGN
Deputy CFO Accounting and Finance 77,400 BGN
Deputy Head of Finance Accounting and Finance 80,840 BGN
Derivative Trader Accounting and Finance 45,580 BGN
Director of Finance Accounting and Finance 84,780 BGN
Economist Accounting and Finance 66,140 BGN
Equity Analyst Accounting and Finance 48,560 BGN
Escrow Assistant Accounting and Finance 23,080 BGN
Executive Accountant Accounting and Finance 30,220 BGN
External Auditor Accounting and Finance 42,400 BGN
Finance Administrator Accounting and Finance 31,980 BGN
Finance Analyst Accounting and Finance 52,460 BGN
Finance Associate Accounting and Finance 27,020 BGN
Finance Director Accounting and Finance 80,800 BGN
Finance Executive Accounting and Finance 62,460 BGN
Finance Licensing Clerk Accounting and Finance 21,020 BGN
Finance Licensing Manager Accounting and Finance 50,620 BGN
Finance Licensing Specialist Accounting and Finance 30,220 BGN
Finance Manager Accounting and Finance 79,260 BGN
Finance Officer Accounting and Finance 25,160 BGN
Finance President Accounting and Finance 80,340 BGN
Finance Relationship Manager Accounting and Finance 66,260 BGN
Finance Release Analyst Accounting and Finance 34,540 BGN
Finance Specialist Accounting and Finance 48,740 BGN
Finance Team Leader Accounting and Finance 61,760 BGN
Financial Accountant Accounting and Finance 26,860 BGN
Financial Actuary Accounting and Finance 42,320 BGN
Financial Administrator Accounting and Finance 48,340 BGN
Financial Advisor Accounting and Finance 48,940 BGN
Financial Analyst Accounting and Finance 50,020 BGN
Financial Applications Specialist Accounting and Finance 36,580 BGN
Financial Assistant Accounting and Finance 22,420 BGN
Financial Associate Accounting and Finance 21,300 BGN
Financial Associate Accounting and Finance 26,780 BGN
Financial Claims Analyst Accounting and Finance 36,700 BGN
Financial Claims Manager Accounting and Finance 52,460 BGN
Financial Claims Supervisor Accounting and Finance 48,920 BGN
Financial Clerk Accounting and Finance 20,000 BGN
Financial Commercial Analyst Accounting and Finance 41,700 BGN
Financial Compliance Analyst Accounting and Finance 44,540 BGN
Financial Consultant Accounting and Finance 40,560 BGN
Financial Controller Accounting and Finance 43,800 BGN
Financial Controller Accounting and Finance 45,620 BGN
Financial Coordinator Accounting and Finance 25,660 BGN
Financial Customer Service Manager Accounting and Finance 49,560 BGN
Financial Dealer and Broker Accounting and Finance 33,440 BGN
Financial Director Accounting and Finance 80,340 BGN
Financial Encoder Accounting and Finance 23,260 BGN
Financial Manager Accounting and Finance 74,940 BGN
Financial Manager Accounting and Finance 76,440 BGN
Financial Operations Manager Accounting and Finance 72,120 BGN
Financial Policy Analyst Accounting and Finance 43,360 BGN
Financial Project Manager Accounting and Finance 60,180 BGN
Financial Quantitative Analyst Accounting and Finance 51,080 BGN
Financial Reporting Consultant Accounting and Finance 41,560 BGN
Financial Reporting Manager Accounting and Finance 53,600 BGN
Financial Section Head Accounting and Finance 50,560 BGN
Financial Services Manager Accounting and Finance 72,260 BGN
Financial Services Sales Agent Accounting and Finance 29,600 BGN
Fixed Assets Administrator Accounting and Finance 27,480 BGN
Forensic Accountant Accounting and Finance 32,420 BGN
Fraud Detection Supervisor Accounting and Finance 35,520 BGN
Fraud Prevention Manager Accounting and Finance 61,460 BGN
Fund Accountant Accounting and Finance 25,160 BGN
Grants Coordinator Accounting and Finance 21,020 BGN
Group Financial Manager Accounting and Finance 82,520 BGN
Internal Auditor Accounting and Finance 38,260 BGN
Internal Control Adviser Accounting and Finance 44,540 BGN
Internal Control Officer Accounting and Finance 24,860 BGN
International Tax Director Accounting and Finance 68,060 BGN
Inventory Accountant Accounting and Finance 29,840 BGN
Investment Advisor Accounting and Finance 74,560 BGN
Investment Analyst Accounting and Finance 59,240 BGN
Investment Associate Accounting and Finance 43,800 BGN
Investment Broker Accounting and Finance 46,160 BGN
Investment Fund Manager Accounting and Finance 64,040 BGN
Investment Operations Manager Accounting and Finance 64,040 BGN
Investment Underwriter Accounting and Finance 26,020 BGN
Investor Accounting and Finance 37,200 BGN
Investor Relations Manager Accounting and Finance 57,900 BGN
KYC Team Leader Accounting and Finance 57,360 BGN
Loan Processor Accounting and Finance 22,660 BGN
Management Accountant Accounting and Finance 31,520 BGN
Management Economist Accounting and Finance 65,800 BGN
Paymaster Accounting and Finance 22,540 BGN
Payroll Administrator Accounting and Finance 36,720 BGN
Payroll Benefits Coordinator Accounting and Finance 30,220 BGN
Payroll Billing Manager Accounting and Finance 50,540 BGN
Payroll Clerk Accounting and Finance 23,660 BGN
Payroll Manager Accounting and Finance 51,400 BGN
Payroll Officer Accounting and Finance 24,200 BGN
Payroll Specialist Accounting and Finance 27,020 BGN
Payroll Supervisor Accounting and Finance 36,700 BGN
Pensions Administrator Accounting and Finance 30,700 BGN
Personal Financial Advisor Accounting and Finance 41,700 BGN
Pricing Analyst Accounting and Finance 48,200 BGN
Private Equity Analyst Accounting and Finance 51,100 BGN
Project Accountant Accounting and Finance 31,080 BGN
Proposal Development Coordinator Accounting and Finance 23,700 BGN
Receivables Accountant Accounting and Finance 26,500 BGN
Regulatory Accountant Accounting and Finance 29,640 BGN
Retirement Plan Analyst Accounting and Finance 46,840 BGN
Revenue Management Specialist Accounting and Finance 49,700 BGN
Revenue Recognition Analyst Accounting and Finance 51,400 BGN
Risk Management Director Accounting and Finance 64,920 BGN
Risk Management Supervisor Accounting and Finance 54,500 BGN
Staff Accountant Accounting and Finance 24,720 BGN
Tax Accountant Accounting and Finance 26,500 BGN
Tax Administrator Accounting and Finance 31,940 BGN
Tax Advisor Accounting and Finance 46,400 BGN
Tax Analyst Accounting and Finance 42,320 BGN
Tax Associate Accounting and Finance 25,680 BGN
Tax Consultant Accounting and Finance 43,760 BGN
Tax Director Accounting and Finance 69,240 BGN
Tax Examiner Accounting and Finance 31,400 BGN
Tax Manager Accounting and Finance 58,000 BGN
Tax Research Manager Accounting and Finance 57,360 BGN
Teller Accounting and Finance 15,300 BGN
Treasury Accountant Accounting and Finance 29,320 BGN
Treasury Analyst Accounting and Finance 45,720 BGN
Underwriter Accounting and Finance 20,940 BGN
Underwriting Assistant Accounting and Finance 19,220 BGN
Vice President of Finance Accounting and Finance 79,360 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 48,140 BGN
Plovdiv 51,080 BGN
Rousse 47,120 BGN
Sofia 51,340 BGN
Stara Zagora 44,540 BGN
Varna 48,920 BGN

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