Average Exploration Manager Salary in Belgrade, Serbia for 2026

In this article, we will look at the average Exploration Manager salary for 2026 in Belgrade 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 Serbian dinar. To keep things simple, we are using the RSD currency code instead of the currency symbol дин..

How Much Does an Exploration Manager Make in Belgrade?

An Exploration Manager working in Belgrade will typically earn around 2,854,700 RSD per year, and this can range from the lowest average salary of about 1,306,100 RSD to the highest average salary of 4,537,100 RSD.

Average Annual Salary2,854,700 RSD
Average Monthly Salary237,891 RSD
Average Lowest Salary1,306,100 RSD
Lowest Monthly Salary108,841 RSD
Average Highest Salary4,537,100 RSD
Highest Monthly Salary378,091 RSD

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

Exploration 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 Exploration Manager Salaries in Belgrade

So we've looked at the average salaries an Exploration Manager will earn in Belgrade. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Exploration Manager can earn between 1,306,100 RSD and 4,537,100 RSD on average in Belgrade. 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 Exploration Manager in Belgrade is 3,085,500 RSD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 3,085,500 RSD, and 50% of the population earn more than 3,085,500 RSD.

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 Exploration Manager salary in Belgrade, 25% of the population are earning less than 1,980,600 RSD while 75% of the population earn more than 1,980,600 RSD.

75% of the population earn less than 4,116,600 RSD, and 25% of the population earn more than 4,116,600 RSD.

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.

Exploration Manager Salary by Experience Level in Belgrade

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 Exploration 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 Exploration Manager in Belgrade that has less than two years of experience can expect to earn somewhere in the region of 1,487,200 RSD.
  • 2 - 5 Years Experience. With two to five years of experience the average Exploration Manager salary would increase to 1,990,300 RSD.
  • 5 - 10 Years Experience. From five to ten years of experience as an Exploration Manager, the average salary would be 2,941,000 RSD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 3,586,300 RSD.
  • 15 - 20 Years Experience. An Exploration Manager with 15 to 20 years of experience can earn an average of 3,912,600 RSD.
  • 20+ Years Experience. For an Exploration Manager with more than 20 years, the expected average salary increases to 4,235,500 RSD.

Average Salary by Experience Chart

0-2 Years-
1,487,200 RSD
2-5 Years+34%
1,990,300 RSD
5-10 Years+48%
2,941,000 RSD
10-15 Years+22%
3,586,300 RSD
15-20 Years+9%
3,912,600 RSD
20+ Years+8%
4,235,500 RSD

Exploration Manager Salary by Education Level in Belgrade

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 Exploration Manager in Belgrade 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. An Exploration Manager in Belgrade with a certificate or diploma education can earn an average salary of 1,703,200 RSD.
  • Bachelor's Degree. An Exploration Manager in Belgrade with a bachelor's degree education can earn an average salary of 2,662,900 RSD.
  • Master's Degree. An Exploration Manager in Belgrade with a master's degree education can earn an average salary of 4,475,900 RSD.

Average Salary by Education Chart

Certificate or Diploma-
1,703,200 RSD
Bachelor's Degree+57%
2,662,900 RSD
Master's Degree+68%
4,475,900 RSD

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 Serbia is around 701,000 to 2,100,000 RSD 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.

Exploration 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 Belgrade, a male exploration manager will earn an average of 2,605,500 RSD, while a female exploration manager will earn around 2,435,600 RSD.

This means that a male exploration manager earns approximately 7% more than a female exploration manager for performing the same job.

Average Salary by Gender Chart in Belgrade

Male-
2,605,500 RSD
Female-7%
2,435,600 RSD

Exploration Manager Average Pay Raise in Belgrade

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 Exploration Manager in Belgrade is around 12% every 20 months.

The national average pay raise across all professions and industries in Serbia 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 ÷ 20 ) × 12  = 7%

What this means is that an Exploration Manager in Belgrade can expect to receive an average pay raise of around 7% every 12 months.

Annual Pay Raise by Industry in Belgrade for 2026

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

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

Banking-
4%
Energy-
8%
Information Technology-
3%
Healthcare-
7%
Travel-
2%
Construction-
6%
Education-
1%

Exploration Manager Bonus and Incentive Rates in Belgrade

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 Exploration Manager 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 Serbia earn approximately 15% more than private sector employees in the same role.

Public Sector-
1,800,200 RSD
Private Sector-15%
1,570,900 RSD

Salaries for Jobs Similar to an Exploration Manager

In the table below, we have salary information for jobs that are similar to an Exploration Manager in Belgrade.

Job TitleCategorySalary
Assistant Yard ManagerOil / Gas / Energy / Mining1,440,700 RSD
Associate AnalystOil / Gas / Energy / Mining1,621,400 RSD
Associate LandmanOil / Gas / Energy / Mining681,500 RSD
Auxiliary Equipment OperatorOil / Gas / Energy / Mining619,000 RSD
Biomass Plant TechnicianOil / Gas / Energy / Mining707,700 RSD
Biomass Power Plant ManagerOil / Gas / Energy / Mining2,015,600 RSD
Chemical Plant OperatorOil / Gas / Energy / Mining1,235,600 RSD
Chief Contract Compliance EngineerOil / Gas / Energy / Mining1,560,800 RSD
Completions EngineerOil / Gas / Energy / Mining1,391,600 RSD
Cost ControllerOil / Gas / Energy / Mining1,113,100 RSD
Cost EngineerOil / Gas / Energy / Mining1,487,200 RSD
Crude Oil Marketing RepresentativeOil / Gas / Energy / Mining1,537,500 RSD
DispatcherOil / Gas / Energy / Mining637,500 RSD
Distribution ManagerOil / Gas / Energy / Mining1,980,600 RSD
Dragline OperatorOil / Gas / Energy / Mining727,100 RSD
Driller OffsiderOil / Gas / Energy / Mining524,300 RSD
Dump Truck DriverOil / Gas / Energy / Mining582,700 RSD
Electric and Gas Operations ManagerOil / Gas / Energy / Mining3,349,100 RSD
Energy AdvisorOil / Gas / Energy / Mining2,221,600 RSD
Energy AnalystOil / Gas / Energy / Mining2,076,600 RSD
Energy AuditorOil / Gas / Energy / Mining1,825,000 RSD
Energy Dispatch DirectorOil / Gas / Energy / Mining2,495,600 RSD
Energy Technical AssistantOil / Gas / Energy / Mining957,800 RSD
Energy Technical ManagerOil / Gas / Energy / Mining1,825,000 RSD
Energy Technical Support ManagerOil / Gas / Energy / Mining1,741,800 RSD
Energy Technical TrainerOil / Gas / Energy / Mining1,224,800 RSD
Engineering GeologistOil / Gas / Energy / Mining2,734,500 RSD
Field Safety AuditorOil / Gas / Energy / Mining1,645,600 RSD
Fluids EngineerOil / Gas / Energy / Mining1,380,400 RSD
Fuel Cell EngineerOil / Gas / Energy / Mining1,500,800 RSD
Fuel Cell TechnicianOil / Gas / Energy / Mining709,600 RSD
Fuels HandlerOil / Gas / Energy / Mining667,400 RSD
Gas Compressor OperatorOil / Gas / Energy / Mining656,800 RSD
Gas Distribution Plant OperatorOil / Gas / Energy / Mining1,198,300 RSD
Gas Supply ManagerOil / Gas / Energy / Mining2,161,200 RSD
GeologistOil / Gas / Energy / Mining2,533,800 RSD
GeophysicistOil / Gas / Energy / Mining2,711,900 RSD
Geothermal Production ManagerOil / Gas / Energy / Mining2,566,100 RSD
Geothermal TechnicianOil / Gas / Energy / Mining1,043,600 RSD
HSE EngineerOil / Gas / Energy / Mining1,500,800 RSD
HSE OfficerOil / Gas / Energy / Mining906,500 RSD
HSE SupervisorOil / Gas / Energy / Mining1,065,400 RSD
HSEQ AdministratorOil / Gas / Energy / Mining1,023,400 RSD
InspectorOil / Gas / Energy / Mining1,380,400 RSD
InstructorOil / Gas / Energy / Mining1,212,800 RSD
Instrument DesignerOil / Gas / Energy / Mining1,138,500 RSD
Lead Technical Field AdvisorOil / Gas / Energy / Mining1,858,200 RSD
Logistics and Tool CoordinatorOil / Gas / Energy / Mining1,283,600 RSD
Maintenance EngineerOil / Gas / Energy / Mining1,440,700 RSD
Maintenance SuperintendentOil / Gas / Energy / Mining1,357,900 RSD
Material ControllerOil / Gas / Energy / Mining946,000 RSD
Mine EngineerOil / Gas / Energy / Mining1,357,900 RSD
Mine SurveyorOil / Gas / Energy / Mining1,606,100 RSD
Mining Project AdministratorOil / Gas / Energy / Mining1,333,900 RSD
Mining Project AssistantOil / Gas / Energy / Mining1,042,000 RSD
Mining Project Controls ConsultantOil / Gas / Energy / Mining1,632,100 RSD
Mining Project CoordinatorOil / Gas / Energy / Mining1,249,900 RSD
Mining Project EngineerOil / Gas / Energy / Mining1,464,200 RSD
Mining Project ManagerOil / Gas / Energy / Mining1,896,700 RSD
Mining Site ManagerOil / Gas / Energy / Mining1,896,700 RSD
Mining Team LeaderOil / Gas / Energy / Mining1,537,500 RSD
NDT TechnicianOil / Gas / Energy / Mining893,500 RSD
Oil Service Unit OperatorOil / Gas / Energy / Mining795,700 RSD
Oil TraderOil / Gas / Energy / Mining1,882,700 RSD
Oilwell PumperOil / Gas / Energy / Mining576,500 RSD
Petroleum Engineer Oil / Gas / Energy / Mining1,668,900 RSD
Petroleum GeologistOil / Gas / Energy / Mining2,748,900 RSD
Petroleum Pump System OperatorOil / Gas / Energy / Mining783,800 RSD
Petroleum TechnicianOil / Gas / Energy / Mining843,600 RSD
Pipeline TechnicianOil / Gas / Energy / Mining581,000 RSD
Power CoordinatorOil / Gas / Energy / Mining884,700 RSD
Power Plant Operations ManagerOil / Gas / Energy / Mining2,953,200 RSD
Power Plant OperatorOil / Gas / Energy / Mining1,147,600 RSD
Radio OperatorOil / Gas / Energy / Mining659,400 RSD
Reliability EngineerOil / Gas / Energy / Mining1,464,200 RSD
Reservoir EngineerOil / Gas / Energy / Mining1,320,500 RSD
Risk AnalystOil / Gas / Energy / Mining1,728,900 RSD
RoughneckOil / Gas / Energy / Mining1,547,500 RSD
ScaffolderOil / Gas / Energy / Mining953,200 RSD
Shutdown EngineerOil / Gas / Energy / Mining1,235,600 RSD
Solar Energy Installation ManagerOil / Gas / Energy / Mining2,184,900 RSD
Solar Energy Systems EngineerOil / Gas / Energy / Mining1,524,300 RSD
Solar Photovoltaic InstallerOil / Gas / Energy / Mining955,800 RSD
Solar Thermal TechnicianOil / Gas / Energy / Mining903,500 RSD
Supply Operations ManagerOil / Gas / Energy / Mining2,352,500 RSD
Sustainability SpecialistOil / Gas / Energy / Mining2,327,100 RSD
System Development AdvisorOil / Gas / Energy / Mining1,728,900 RSD
Tanker Truck DriverOil / Gas / Energy / Mining592,600 RSD
Utility OperatorOil / Gas / Energy / Mining788,000 RSD
Wind Energy Project ManagerOil / Gas / Energy / Mining2,086,500 RSD

Salary Comparison by City

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

CityAverage Salary
Novi Sad2,641,300 RSD

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