Average Electrical Engineering Manager Salary in Bosnia and Herzegovina for 2024

In this article, we will look at the average Electrical Engineering Manager salary for 2024 in Bosnia and Herzegovina 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 Bosnia and Herzegovina convertible mark. To keep things simple, we are using the BAM currency code instead of the currency symbol .

How Much Does an Electrical Engineering Manager Make in Bosnia and Herzegovina?

An Electrical Engineering Manager working in Bosnia and Herzegovina will typically earn around 37,620 BAM per year, and this can range from the lowest average salary of about 15,380 BAM to the highest average salary of 59,380 BAM.

Average Annual Salary
37,620 BAM
Average Monthly Salary
3,135 BAM

Lowest Annual Salary
15,380 BAM
Lowest Monthly Salary
1,281 BAM

Highest Annual Salary
59,380 BAM
Highest Monthly Salary
4,948 BAM

These are average salaries for an Electrical Engineering Manager in Bosnia and Herzegovina and include benefits such as housing and transport. It's also possible for an Electrical Engineering Manager to earn more or less than the average salaries shown above.

Electrical Engineering Manager 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 Electrical Engineering Manager Salaries in Bosnia and Herzegovina

So we've looked at the average salaries an Electrical Engineering Manager will earn in Bosnia and Herzegovina. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Electrical Engineering Manager can earn between 15,380 BAM and 59,380 BAM on average in Bosnia and Herzegovina. 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 an Electrical Engineering Manager in Bosnia and Herzegovina is 40,420 BAM. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 40,420 BAM, and 50% of the population earn more than 40,420 BAM.

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 Electrical Engineering Manager salary in Bosnia and Herzegovina, 25% of the population are earning less than 25,680 BAM while 75% of the population earn more than 25,680 BAM.

75% of the population earn less than 53,600 BAM, and 25% of the population earn more than 53,600 BAM.

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.

Electrical Engineering Manager Salary by Experience Level in Bosnia and Herzegovina

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 electrical engineering manager 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. An Electrical Engineering Manager in Bosnia and Herzegovina that has less than two years of experience can expect to earn somewhere in the region of 17,740 BAM.
  • 2 - 5 Years Experience. With two to five years of experience the average Electrical Engineering Manager salary would increase to 23,700 BAM.
  • 5 - 10 Years Experience. From five to ten years of experience as an Electrical Engineering Manager, the average salary would be 35,420 BAM.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 44,780 BAM.
  • 15 - 20 Years Experience. An Electrical Engineering Manager with 15 to 20 years of experience can earn an average of 48,760 BAM.
  • 20+ Years Experience. For an Electrical Engineering Manager with more than 20 years, the expected average salary increases to 54,140 BAM.

Average Salary by Experience Chart

0-2 Years
17,740 BAM
2-5 Years +34%
23,700 BAM
5-10 Years +48%
35,420 BAM
10-15 Years +22%
44,780 BAM
15-20 Years +9%
48,760 BAM
20+ Years +8%
54,140 BAM

Electrical Engineering Manager Salary by Education Level in Bosnia and Herzegovina

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 an Electrical Engineering Manager in Bosnia and Herzegovina based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. An Electrical Engineering Manager in Bosnia and Herzegovina with a bachelor's degree education can earn an average salary of 20,460 BAM.

  • Master's Degree. An Electrical Engineering Manager in Bosnia and Herzegovina with a master's degree education can earn an average salary of 43,360 BAM.

Average Salary by Education Chart

Bachelor's Degree
20,460 BAM
Master's Degree +93%
43,360 BAM

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 Bosnia and Herzegovina is around 11,500 to 34,500 BAM 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.

Electrical Engineering Manager 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 Bosnia and Herzegovina, a male electrical engineering manager will earn an average of 39,640 BAM, while a female electrical engineering manager will earn around 33,520 BAM.

This means that a male electrical engineering manager earns approximately 18% more than a female electrical engineering manager for performing the same job.

Average Salary by Gender Chart in Bosnia and Herzegovina

Male
39,640 BAM
Female -18%
33,520 BAM

Electrical Engineering Manager Average Pay Raise in Bosnia and Herzegovina

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 an Electrical Engineering Manager in Bosnia and Herzegovina is around 6% every 33 months.

The national average pay raise across all professions and industries in Bosnia and Herzegovina 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 = ( 6 ÷ 33 ) × 12  = 2%

What this means is that an Electrical Engineering Manager in Bosnia and Herzegovina can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Bosnia and Herzegovina for 2024

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

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

Banking
9%
Energy
9%
Information Technology
9%
Healthcare
9%
Travel
9%
Construction
9%
Education
9%

Electrical Engineering Manager Bonus and Incentive Rates in Bosnia and Herzegovina

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.

An Electrical Engineering Manager is a moderate bonus based job, with 67% of employees reporting at least one bonus in the last 12 months.

33% 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
67%
No Bonus
33%

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 Bosnia and Herzegovina earn approximately 27% more than private sector employees in the same role.

Public Sector
31,400 BAM
Private Sector -27%
24,800 BAM

Salaries for Jobs Similar to an Electrical Engineering Manager

In the table below, we have salary information for jobs that are similar to an Electrical Engineering Manager in Bosnia and Herzegovina.

Job Title Category Salary
Cable Installer and Locator Electrical and Electronics Trades 8,960 BAM
Cable Technician Electrical and Electronics Trades 8,420 BAM
Digital Design Engineer Electrical and Electronics Trades 26,780 BAM
Electrical Designer Electrical and Electronics Trades 25,940 BAM
Electrical Drafter Electrical and Electronics Trades 13,780 BAM
Electrical Maintenance Manager Electrical and Electronics Trades 38,140 BAM
Electrical Planner Electrical and Electronics Trades 21,380 BAM
Electrical Sales Engineer Electrical and Electronics Trades 25,160 BAM
Electrical Sales Representative Electrical and Electronics Trades 15,380 BAM
Electrical Service Technician Electrical and Electronics Trades 9,020 BAM
Electrical Technician Electrical and Electronics Trades 11,880 BAM
Electrical Worker Electrical and Electronics Trades 9,980 BAM
Electrician Electrical and Electronics Trades 11,360 BAM
Electromechanical Technician Electrical and Electronics Trades 13,960 BAM
Electronic Assembler Electrical and Electronics Trades 11,360 BAM
Electronic Drafter Electrical and Electronics Trades 8,880 BAM
Electronic Engineer Electrical and Electronics Trades 25,160 BAM
Electronic Service Engineer Electrical and Electronics Trades 26,780 BAM
Electronics Engineer Electrical and Electronics Trades 26,100 BAM
Electronics Instructor Electrical and Electronics Trades 27,380 BAM
Electronics Technician Electrical and Electronics Trades 12,240 BAM
Field Service Engineer Electrical and Electronics Trades 25,940 BAM
Field Service Technician Electrical and Electronics Trades 8,100 BAM
Hydroelectric Plant Technician Electrical and Electronics Trades 12,620 BAM
Hydroelectric Production Manager Electrical and Electronics Trades 36,160 BAM
Instrumentation Technician Electrical and Electronics Trades 9,960 BAM
Journeyman Electrician Electrical and Electronics Trades 12,200 BAM
Maintenance Electrician Electrical and Electronics Trades 9,440 BAM
Mechatronics Technician Electrical and Electronics Trades 12,240 BAM
Power Equipment Mechanic Electrical and Electronics Trades 9,980 BAM
Power Line Technician Electrical and Electronics Trades 7,080 BAM
Refrigeration and Airconditioning Mechanic Electrical and Electronics Trades 12,000 BAM
Security Service Engineer Electrical and Electronics Trades 25,160 BAM
Technical Manager Electrical and Electronics Trades 33,980 BAM
Turbine Fitter Electrical and Electronics Trades 6,200 BAM
Warehouse Attendant Electrical and Electronics Trades 7,040 BAM
Warehouse Manager Electrical and Electronics Trades 35,300 BAM
Watch Repairer Electrical and Electronics Trades 8,100 BAM

Salary Comparison by City

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

City Average Salary
Banja Luka 38,220 BAM
Medjugorje 32,810 BAM
Mostar 33,480 BAM
Sarajevo 42,180 BAM
Tuzla 39,000 BAM
Zenica 36,040 BAM

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