Average Management Economist Salary in Slovakia for 2024

In this article, we will look at the average Management Economist salary for 2024 in Slovakia 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 Euro. To keep things simple, we are using the EUR currency code instead of the currency symbol โ‚ฌ.

How Much Does a Management Economist Make in Slovakia?

A Management Economist working in Slovakia will typically earn around 42,320 EUR per year, and this can range from the lowest average salary of about 21,540 EUR to the highest average salary of 64,640 EUR.

Average Annual Salary
42,320 EUR
Average Monthly Salary
3,526 EUR

Lowest Annual Salary
21,540 EUR
Lowest Monthly Salary
1,795 EUR

Highest Annual Salary
64,640 EUR
Highest Monthly Salary
5,386 EUR

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

Management Economist 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 Management Economist Salaries in Slovakia

So we've looked at the average salaries a Management Economist will earn in Slovakia. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Management Economist can earn between 21,540 EUR and 64,640 EUR on average in Slovakia. 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 Management Economist in Slovakia is 41,560 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 41,560 EUR, and 50% of the population earn more than 41,560 EUR.

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 Management Economist salary in Slovakia, 25% of the population are earning less than 29,540 EUR while 75% of the population earn more than 29,540 EUR.

75% of the population earn less than 54,180 EUR, and 25% of the population earn more than 54,180 EUR.

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.

Management Economist Salary by Experience Level in Slovakia

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 management economist 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 Management Economist in Slovakia that has less than two years of experience can expect to earn somewhere in the region of 23,660 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Management Economist salary would increase to 31,400 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Management Economist, the average salary would be 42,320 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 53,600 EUR.
  • 15 - 20 Years Experience. A Management Economist with 15 to 20 years of experience can earn an average of 55,320 EUR.
  • 20+ Years Experience. For a Management Economist with more than 20 years, the expected average salary increases to 59,940 EUR.

Average Salary by Experience Chart

0-2 Years
23,660 EUR
2-5 Years +29%
31,400 EUR
5-10 Years +38%
42,320 EUR
10-15 Years +24%
53,600 EUR
15-20 Years +7%
55,320 EUR
20+ Years +7%
59,940 EUR

Management Economist Salary by Education Level in Slovakia

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 Management Economist in Slovakia 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. A Management Economist in Slovakia with a bachelor's degree education can earn an average salary of 28,660 EUR.

  • Master's Degree. A Management Economist in Slovakia with a master's degree education can earn an average salary of 37,800 EUR.

  • PhD. A Management Economist in Slovakia with a phd education can earn an average salary of 63,500 EUR.

Average Salary by Education Chart

Bachelor's Degree
28,660 EUR
Master's Degree +38%
37,800 EUR
PhD +64%
63,500 EUR

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 Slovakia is around 10,900 to 32,700 EUR 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.

Management Economist 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 Slovakia, a male management economist will earn an average of 40,600 EUR, while a female management economist will earn around 38,700 EUR.

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

Average Salary by Gender Chart in Slovakia

Male
40,600 EUR
Female -5%
38,700 EUR

Management Economist Average Pay Raise in Slovakia

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 Management Economist in Slovakia is around 11% every 20 months.

The national average pay raise across all professions and industries in Slovakia is around 7% every 19 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 = ( 11 ÷ 20 ) × 12  = 7%

What this means is that a Management Economist in Slovakia can expect to receive an average pay raise of around 7% every 12 months.

Annual Pay Raise by Industry in Slovakia for 2024

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

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

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Management Economist Bonus and Incentive Rates in Slovakia

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 Management Economist is a high bonus based job, with 80% of employees reporting at least one bonus in the last 12 months.

20% 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
80%
No Bonus
20%

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 Slovakia earn approximately 2% more than private sector employees in the same role.

Public Sector
26,100 EUR
Private Sector -2%
25,680 EUR

Salaries for Jobs Similar to a Management Economist

In the table below, we have salary information for jobs that are similar to a Management Economist in Slovakia.

Job Title Category Salary
Account Examiner Accounting and Finance 10,980 EUR
Account Executive Accounting and Finance 23,500 EUR
Accountant Accounting and Finance 17,620 EUR
Accounting Analyst Accounting and Finance 23,400 EUR
Accounting Assistant Accounting and Finance 12,120 EUR
Accounting Associate Accounting and Finance 11,040 EUR
Accounting Clerk Accounting and Finance 9,960 EUR
Accounting Coordinator Accounting and Finance 15,880 EUR
Accounting Head Accounting and Finance 36,580 EUR
Accounting Manager Accounting and Finance 39,800 EUR
Accounting Officer Accounting and Finance 14,620 EUR
Accounting Specialist Accounting and Finance 23,260 EUR
Accounting Supervisor Accounting and Finance 23,500 EUR
Accounting Technician Accounting and Finance 10,980 EUR
Accounting Unit Controller Accounting and Finance 32,020 EUR
Accounts Executive Accounting and Finance 21,560 EUR
Accounts Officer Accounting and Finance 12,240 EUR
Accounts Payable and Receivable Specialist Accounting and Finance 20,300 EUR
Accounts Payable Assistant Accounting and Finance 12,000 EUR
Accounts Payable Associate Accounting and Finance 15,580 EUR
Accounts Payable Clerk Accounting and Finance 13,960 EUR
Accounts Payable Manager Accounting and Finance 35,000 EUR
Accounts Receivable Administrator Accounting and Finance 27,040 EUR
Accounts Receivable Clerk Accounting and Finance 13,960 EUR
Accounts Receivable Financial Analyst Accounting and Finance 24,860 EUR
Accounts Receivable Manager Accounting and Finance 34,280 EUR
Accounts Receivable Team Leader Accounting and Finance 27,020 EUR
Assistant Accountant Accounting and Finance 14,620 EUR
Assistant Accounting Manager Accounting and Finance 34,980 EUR
Assistant Auditor Accounting and Finance 16,340 EUR
Assistant Corporate Controller Accounting and Finance 22,340 EUR
Assistant Finance Manager Accounting and Finance 36,160 EUR
Assistant Financial Controller Accounting and Finance 23,660 EUR
Audit Director Accounting and Finance 40,420 EUR
Audit Supervisor Accounting and Finance 31,040 EUR
Auditing Clerk Accounting and Finance 12,240 EUR
Auditing Manager Accounting and Finance 36,020 EUR
Billing Clerk Accounting and Finance 13,960 EUR
Billing Coordinator Accounting and Finance 16,400 EUR
Billing Specialist Accounting and Finance 19,020 EUR
Billing Supervisor Accounting and Finance 25,660 EUR
Bookkeeper Accounting and Finance 12,520 EUR
Bookkeeping Specialist Accounting and Finance 16,720 EUR
Budget Analyst Accounting and Finance 28,680 EUR
Budget Manager Accounting and Finance 36,160 EUR
Business Support Analyst Accounting and Finance 18,900 EUR
Capital Markets Associate Accounting and Finance 25,940 EUR
Cash Flow Analyst Accounting and Finance 27,040 EUR
Cash Management Manager Accounting and Finance 34,480 EUR
Cash Management Officer Accounting and Finance 19,480 EUR
Cashbook Clerk Accounting and Finance 13,060 EUR
Chartered Accountant Accounting and Finance 19,940 EUR
Chief Accountant Accounting and Finance 26,080 EUR
Collections Clerk Accounting and Finance 9,960 EUR
Collections Representative Accounting and Finance 14,540 EUR
Collections Specialist Accounting and Finance 17,560 EUR
Corporate Controller Accounting and Finance 27,560 EUR
Corporate Treasurer Accounting and Finance 34,080 EUR
Cost Accountant Accounting and Finance 19,640 EUR
Cost Accounting Manager Accounting and Finance 34,160 EUR
Cost Accounting Supervisor Accounting and Finance 29,540 EUR
Cost Analyst Accounting and Finance 25,660 EUR
Credit and Collection Manager Accounting and Finance 34,960 EUR
Credit and Collection Staff Accounting and Finance 12,620 EUR
Credit and Loans Officer Accounting and Finance 12,620 EUR
Credit Controller Accounting and Finance 24,280 EUR
Credit Manager Accounting and Finance 33,980 EUR
Debt Adviser Accounting and Finance 30,700 EUR
Debt Collector Accounting and Finance 14,920 EUR
Debtors Clerk Accounting and Finance 13,660 EUR
Debtors Controller Accounting and Finance 14,620 EUR
Deputy CFO Accounting and Finance 45,580 EUR
Deputy Head of Finance Accounting and Finance 48,820 EUR
Derivative Trader Accounting and Finance 27,560 EUR
Director of Finance Accounting and Finance 52,540 EUR
Economist Accounting and Finance 40,640 EUR
Equity Analyst Accounting and Finance 31,380 EUR
Escrow Assistant Accounting and Finance 17,620 EUR
Executive Accountant Accounting and Finance 19,860 EUR
External Auditor Accounting and Finance 26,020 EUR
Finance Administrator Accounting and Finance 21,540 EUR
Finance Analyst Accounting and Finance 29,640 EUR
Finance Associate Accounting and Finance 15,880 EUR
Finance Director Accounting and Finance 49,020 EUR
Finance Executive Accounting and Finance 37,740 EUR
Finance Licensing Clerk Accounting and Finance 11,360 EUR
Finance Licensing Manager Accounting and Finance 35,300 EUR
Finance Licensing Specialist Accounting and Finance 19,020 EUR
Finance Manager Accounting and Finance 48,160 EUR
Finance Officer Accounting and Finance 16,340 EUR
Finance President Accounting and Finance 53,380 EUR
Finance Relationship Manager Accounting and Finance 41,900 EUR
Finance Release Analyst Accounting and Finance 21,540 EUR
Finance Specialist Accounting and Finance 26,400 EUR
Finance Team Leader Accounting and Finance 35,420 EUR
Financial Accountant Accounting and Finance 18,780 EUR
Financial Actuary Accounting and Finance 27,380 EUR
Financial Administrator Accounting and Finance 32,020 EUR
Financial Advisor Accounting and Finance 30,220 EUR
Financial Analyst Accounting and Finance 33,120 EUR
Financial Applications Specialist Accounting and Finance 22,540 EUR
Financial Assistant Accounting and Finance 14,200 EUR
Financial Associate Accounting and Finance 12,580 EUR
Financial Associate Accounting and Finance 16,880 EUR
Financial Claims Analyst Accounting and Finance 24,840 EUR
Financial Claims Manager Accounting and Finance 31,660 EUR
Financial Claims Supervisor Accounting and Finance 26,280 EUR
Financial Clerk Accounting and Finance 13,960 EUR
Financial Commercial Analyst Accounting and Finance 23,140 EUR
Financial Compliance Analyst Accounting and Finance 28,900 EUR
Financial Consultant Accounting and Finance 22,420 EUR
Financial Controller Accounting and Finance 25,440 EUR
Financial Controller Accounting and Finance 28,720 EUR
Financial Coordinator Accounting and Finance 16,880 EUR
Financial Customer Service Manager Accounting and Finance 34,980 EUR
Financial Dealer and Broker Accounting and Finance 18,900 EUR
Financial Director Accounting and Finance 54,460 EUR
Financial Encoder Accounting and Finance 14,540 EUR
Financial Manager Accounting and Finance 46,980 EUR
Financial Manager Accounting and Finance 49,020 EUR
Financial Operations Manager Accounting and Finance 46,980 EUR
Financial Policy Analyst Accounting and Finance 29,040 EUR
Financial Project Manager Accounting and Finance 33,980 EUR
Financial Quantitative Analyst Accounting and Finance 31,660 EUR
Financial Reporting Consultant Accounting and Finance 27,380 EUR
Financial Reporting Manager Accounting and Finance 35,500 EUR
Financial Section Head Accounting and Finance 33,440 EUR
Financial Services Manager Accounting and Finance 47,540 EUR
Financial Services Sales Agent Accounting and Finance 19,020 EUR
Fixed Assets Administrator Accounting and Finance 18,280 EUR
Forensic Accountant Accounting and Finance 20,940 EUR
Fraud Detection Supervisor Accounting and Finance 20,760 EUR
Fraud Prevention Manager Accounting and Finance 36,700 EUR
Fund Accountant Accounting and Finance 15,700 EUR
Grants Coordinator Accounting and Finance 13,700 EUR
Group Financial Manager Accounting and Finance 48,160 EUR
Internal Auditor Accounting and Finance 24,820 EUR
Internal Control Adviser Accounting and Finance 28,900 EUR
Internal Control Officer Accounting and Finance 14,140 EUR
International Tax Director Accounting and Finance 43,080 EUR
Inventory Accountant Accounting and Finance 20,300 EUR
Investment Advisor Accounting and Finance 49,700 EUR
Investment Analyst Accounting and Finance 36,160 EUR
Investment Associate Accounting and Finance 26,400 EUR
Investment Broker Accounting and Finance 29,640 EUR
Investment Fund Manager Accounting and Finance 35,420 EUR
Investment Operations Manager Accounting and Finance 41,980 EUR
Investment Underwriter Accounting and Finance 13,560 EUR
Investor Accounting and Finance 21,300 EUR
Investor Relations Manager Accounting and Finance 37,200 EUR
KYC Team Leader Accounting and Finance 34,080 EUR
Loan Processor Accounting and Finance 14,840 EUR
Management Accountant Accounting and Finance 19,480 EUR
Paymaster Accounting and Finance 13,960 EUR
Payroll Administrator Accounting and Finance 23,500 EUR
Payroll Benefits Coordinator Accounting and Finance 19,380 EUR
Payroll Billing Manager Accounting and Finance 34,160 EUR
Payroll Clerk Accounting and Finance 15,580 EUR
Payroll Manager Accounting and Finance 34,080 EUR
Payroll Officer Accounting and Finance 14,140 EUR
Payroll Specialist Accounting and Finance 19,360 EUR
Payroll Supervisor Accounting and Finance 22,540 EUR
Pensions Administrator Accounting and Finance 20,300 EUR
Personal Financial Advisor Accounting and Finance 25,160 EUR
Pricing Analyst Accounting and Finance 27,480 EUR
Private Equity Analyst Accounting and Finance 32,020 EUR
Project Accountant Accounting and Finance 17,860 EUR
Proposal Development Coordinator Accounting and Finance 17,100 EUR
Receivables Accountant Accounting and Finance 18,260 EUR
Regulatory Accountant Accounting and Finance 19,020 EUR
Retirement Plan Analyst Accounting and Finance 27,560 EUR
Revenue Management Specialist Accounting and Finance 29,640 EUR
Revenue Recognition Analyst Accounting and Finance 30,700 EUR
Risk Management Director Accounting and Finance 41,560 EUR
Risk Management Supervisor Accounting and Finance 33,520 EUR
Staff Accountant Accounting and Finance 16,880 EUR
Tax Accountant Accounting and Finance 18,260 EUR
Tax Administrator Accounting and Finance 20,300 EUR
Tax Advisor Accounting and Finance 25,160 EUR
Tax Analyst Accounting and Finance 25,160 EUR
Tax Associate Accounting and Finance 15,880 EUR
Tax Consultant Accounting and Finance 28,820 EUR
Tax Director Accounting and Finance 40,240 EUR
Tax Examiner Accounting and Finance 18,780 EUR
Tax Manager Accounting and Finance 34,280 EUR
Tax Research Manager Accounting and Finance 34,360 EUR
Teller Accounting and Finance 11,300 EUR
Treasury Accountant Accounting and Finance 19,640 EUR
Treasury Analyst Accounting and Finance 30,700 EUR
Underwriter Accounting and Finance 13,660 EUR
Underwriting Assistant Accounting and Finance 12,840 EUR
Vice President of Finance Accounting and Finance 49,560 EUR

Salary Comparison by City

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

City Average Salary
Bratislava 43,220 EUR

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