Average Director of Real Estate Salary in Romania for 2024

In this article, we will look at the average Director of Real Estate salary for 2024 in Romania 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 Romanian leu. To keep things simple, we are using the RON currency code instead of the currency symbol lei.

How Much Does a Director of Real Estate Make in Romania?

A Director of Real Estate working in Romania will typically earn around 192,600 RON per year, and this can range from the lowest average salary of about 96,600 RON to the highest average salary of 299,500 RON.

Average Annual Salary
192,600 RON
Average Monthly Salary
16,050 RON

Lowest Annual Salary
96,600 RON
Lowest Monthly Salary
8,050 RON

Highest Annual Salary
299,500 RON
Highest Monthly Salary
24,958 RON

These are average salaries for a Director of Real Estate in Romania and include benefits such as housing and transport. It's also possible for a Director of Real Estate to earn more or less than the average salaries shown above.

Director of Real Estate 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 Director of Real Estate Salaries in Romania

So we've looked at the average salaries a Director of Real Estate will earn in Romania. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Director of Real Estate can earn between 96,600 RON and 299,500 RON on average in Romania. 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 Director of Real Estate in Romania is 192,600 RON. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 192,600 RON, and 50% of the population earn more than 192,600 RON.

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 Director of Real Estate salary in Romania, 25% of the population are earning less than 128,500 RON while 75% of the population earn more than 128,500 RON.

75% of the population earn less than 245,300 RON, and 25% of the population earn more than 245,300 RON.

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.

Director of Real Estate Salary by Experience Level in Romania

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 director of real estate 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 Director of Real Estate in Romania that has less than two years of experience can expect to earn somewhere in the region of 115,380 RON.
  • 2 - 5 Years Experience. With two to five years of experience the average Director of Real Estate salary would increase to 152,000 RON.
  • 5 - 10 Years Experience. From five to ten years of experience as a Director of Real Estate, the average salary would be 205,700 RON.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 243,000 RON.
  • 15 - 20 Years Experience. A Director of Real Estate with 15 to 20 years of experience can earn an average of 263,200 RON.
  • 20+ Years Experience. For a Director of Real Estate with more than 20 years, the expected average salary increases to 281,500 RON.

Average Salary by Experience Chart

0-2 Years
115,380 RON
2-5 Years +32%
152,000 RON
5-10 Years +34%
205,700 RON
10-15 Years +19%
243,000 RON
15-20 Years +8%
263,200 RON
20+ Years +7%
281,500 RON

Director of Real Estate Salary by Education Level in Romania

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 Director of Real Estate in Romania 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 Director of Real Estate in Romania with a high school education can earn an average salary of 142,300 RON.

  • Certificate or Diploma. A Director of Real Estate in Romania with a certificate or diploma education can earn an average salary of 163,800 RON.

  • Bachelor's Degree. A Director of Real Estate in Romania with a bachelor's degree education can earn an average salary of 221,500 RON.

  • Master's Degree. A Director of Real Estate in Romania with a master's degree education can earn an average salary of 281,500 RON.

Average Salary by Education Chart

High School
142,300 RON
Certificate or Diploma +14%
163,800 RON
Bachelor's Degree +36%
221,500 RON
Master's Degree +26%
281,500 RON

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 Romania is around 44,900 to 135,000 RON 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.

Director of Real Estate 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 Romania, a male director of real estate will earn an average of 195,200 RON, while a female director of real estate will earn around 187,300 RON.

This means that a male director of real estate earns approximately 4% more than a female director of real estate for performing the same job.

Average Salary by Gender Chart in Romania

Male
195,200 RON
Female -4%
187,300 RON

Director of Real Estate Average Pay Raise in Romania

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 Director of Real Estate in Romania is around 12% every 20 months.

The national average pay raise across all professions and industries in Romania is around 8% every 18 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 ÷ 20 ) × 12  = 7%

What this means is that a Director of Real Estate in Romania can expect to receive an average pay raise of around 7% every 12 months.

Annual Pay Raise by Industry in Romania for 2024

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

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

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Director of Real Estate Bonus and Incentive Rates in Romania

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 Director of Real Estate is a moderate bonus based job, with 54% of employees reporting at least one bonus in the last 12 months.

46% 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 3% to 6%.

Received Bonus
54%
No Bonus
46%

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 Romania earn approximately 7% more than private sector employees in the same role.

Public Sector
112,660 RON
Private Sector -7%
105,620 RON

Salaries for Jobs Similar to a Director of Real Estate

In the table below, we have salary information for jobs that are similar to a Director of Real Estate in Romania.

Job Title Category Salary
Acquisition Associate Real Estate 86,760 RON
Assistant Leasing Manager Real Estate 107,820 RON
Assistant Property Manager Real Estate 114,940 RON
Brokerage Real Estate 84,560 RON
Brokerage Clerk Real Estate 44,780 RON
Commercial Leasing Manager Real Estate 172,200 RON
Commercial Real Estate Manager Real Estate 180,500 RON
Community Development Manager Real Estate 172,200 RON
Compliance Specialist Real Estate 86,760 RON
Development Coordinator Real Estate 83,300 RON
Lease Administrator Real Estate 104,440 RON
Leasing Agent Real Estate 91,960 RON
Leasing Consultant Real Estate 101,860 RON
Leasing Manager Real Estate 115,640 RON
Lettings Assistant Real Estate 41,480 RON
Portfolio Analyst Real Estate 142,300 RON
Portfolio Manager Real Estate 209,700 RON
Property Acquisition Agent Real Estate 79,280 RON
Property and Claims Specialist Real Estate 103,440 RON
Property Manager Real Estate 124,400 RON
Property Operations Manager Real Estate 180,300 RON
Property Tax Assistant Real Estate 83,140 RON
Real Estate Administrator Real Estate 93,340 RON
Real Estate Agent Real Estate 94,800 RON
Real Estate Analyst Real Estate 113,700 RON
Real Estate Appraiser Real Estate 91,320 RON
Real Estate Appraiser Real Estate 96,600 RON
Real Estate Appraiser Real Estate 97,840 RON
Real Estate Assistant Real Estate 80,540 RON
Real Estate Association Manager Real Estate 119,700 RON
Real Estate Broker Real Estate 84,580 RON
Real Estate General Manager Real Estate 174,000 RON
Real Estate Project Director Real Estate 172,200 RON
Real Estate Project Manager Real Estate 152,000 RON
Real Estate Sales Agent Real Estate 88,300 RON
Real Estate Valuer Real Estate 91,840 RON
Research Analyst Real Estate 85,020 RON
Residential Advisor Real Estate 106,160 RON
Residential Property Manager Real Estate 119,700 RON
Shopping Center Manager Real Estate 192,600 RON
Town Planner Real Estate 187,300 RON

Salary Comparison by City

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

City Average Salary
Brasov 167,100 RON
Bucharest 210,500 RON
Cluj-Napoca 196,800 RON
Sibiu 209,500 RON
Timisoara 194,600 RON

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