Average Policy Change Director Salary in Bulgaria for 2024

In this article, we will look at the average Policy Change Director 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 Policy Change Director Make in Bulgaria?

A Policy Change Director working in Bulgaria will typically earn around 60,180 BGN per year, and this can range from the lowest average salary of about 31,340 BGN to the highest average salary of 91,520 BGN.

Average Annual Salary
60,180 BGN
Average Monthly Salary
5,015 BGN

Lowest Annual Salary
31,340 BGN
Lowest Monthly Salary
2,611 BGN

Highest Annual Salary
91,520 BGN
Highest Monthly Salary
7,626 BGN

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

Policy Change Director 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 Policy Change Director Salaries in Bulgaria

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

Salary ranges

We already know that a Policy Change Director can earn between 31,340 BGN and 91,520 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 Policy Change Director in Bulgaria is 59,480 BGN. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 59,480 BGN, and 50% of the population earn more than 59,480 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 Policy Change Director salary in Bulgaria, 25% of the population are earning less than 39,420 BGN while 75% of the population earn more than 39,420 BGN.

75% of the population earn less than 70,840 BGN, and 25% of the population earn more than 70,840 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.

Policy Change Director 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 policy change director 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 Policy Change Director in Bulgaria that has less than two years of experience can expect to earn somewhere in the region of 36,160 BGN.
  • 2 - 5 Years Experience. With two to five years of experience the average Policy Change Director salary would increase to 47,400 BGN.
  • 5 - 10 Years Experience. From five to ten years of experience as a Policy Change Director, the average salary would be 61,780 BGN.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 74,380 BGN.
  • 15 - 20 Years Experience. A Policy Change Director with 15 to 20 years of experience can earn an average of 80,640 BGN.
  • 20+ Years Experience. For a Policy Change Director with more than 20 years, the expected average salary increases to 85,760 BGN.

Average Salary by Experience Chart

0-2 Years
36,160 BGN
2-5 Years +34%
47,400 BGN
5-10 Years +30%
61,780 BGN
10-15 Years +21%
74,380 BGN
15-20 Years +9%
80,640 BGN
20+ Years +5%
85,760 BGN

Policy Change Director 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 Policy Change Director in Bulgaria 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 Policy Change Director in Bulgaria with a bachelor's degree education can earn an average salary of 49,200 BGN.

  • Master's Degree. A Policy Change Director in Bulgaria with a master's degree education can earn an average salary of 69,060 BGN.

Average Salary by Education Chart

Bachelor's Degree
49,200 BGN
Master's Degree +39%
69,060 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.

Policy Change Director 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 policy change director will earn an average of 61,620 BGN, while a female policy change director will earn around 60,400 BGN.

This means that a male policy change director earns approximately 2% more than a female policy change director for performing the same job.

Average Salary by Gender Chart in Bulgaria

Male
61,620 BGN
Female -2%
60,400 BGN

Policy Change Director 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 Policy Change Director in Bulgaria is around 10% every 21 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 ÷ 21 ) × 12  = 6%

What this means is that a Policy Change Director 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%

Policy Change Director 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 Policy Change Director is a moderate bonus based job, with 51% of employees reporting at least one bonus in the last 12 months.

49% 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 5%.

Received Bonus
51%
No Bonus
49%

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 Policy Change Director

In the table below, we have salary information for jobs that are similar to a Policy Change Director in Bulgaria.

Job Title Category Salary
Actuarial Analyst Insurance 50,560 BGN
Actuarial Assistant Insurance 36,700 BGN
Actuarial Specialist Insurance 38,700 BGN
Actuary Insurance 50,180 BGN
Adjustment Insurance Clerk Insurance 15,580 BGN
Assistant Broker Insurance 25,680 BGN
Assistant Claims Manager Insurance 44,300 BGN
Associate Insurance Representative Insurance 20,940 BGN
Auditing Insurance Manager Insurance 59,240 BGN
Broker Insurance 38,620 BGN
Claim Advocacy Professional Insurance 40,140 BGN
Claims Adjuster Insurance 13,100 BGN
Claims Analyst Insurance 20,000 BGN
Claims Examiner Insurance 19,160 BGN
Claims Manager Insurance 56,460 BGN
Claims Processor Insurance 15,580 BGN
Claims Representative Insurance 19,640 BGN
Claims Resolution Specialist Insurance 43,340 BGN
Claims Supervisor Insurance 37,800 BGN
Complaints Specialist Insurance 37,740 BGN
Compliance Examiner Insurance 38,700 BGN
Compliance Officer Insurance 32,200 BGN
Compliance Reviewer Insurance 38,180 BGN
Consultant Insurance 40,640 BGN
Eligibility Interviewer Insurance 45,060 BGN
Eligibility Specialist Insurance 41,700 BGN
Insurance Account Manager Insurance 50,560 BGN
Insurance Accounts Executive Insurance 44,780 BGN
Insurance Adjuster Insurance 36,700 BGN
Insurance Agent Insurance 23,260 BGN
Insurance Analyst Insurance 41,660 BGN
Insurance Appraiser Insurance 40,420 BGN
Insurance Claims Clerk Insurance 13,100 BGN
Insurance Examiner Insurance 38,680 BGN
Insurance Investigator Insurance 36,020 BGN
Insurance Manager Insurance 68,900 BGN
Insurance Operations Manager Insurance 64,620 BGN
Insurance Policy Processing Clerk Insurance 13,100 BGN
Insurance Pricing Assistant Insurance 31,080 BGN
Insurance Program Manager Insurance 54,460 BGN
Insurance Project Manager Insurance 53,840 BGN
Insurance Quality Assurance Agent Insurance 33,980 BGN
Insurance Sales Agent Insurance 26,020 BGN
Insurance Sales Director Insurance 67,560 BGN
Insurance Sales Manager Insurance 51,080 BGN
Insurance Sales Representative Insurance 19,380 BGN
Insurance Team Leader Insurance 43,220 BGN
Insurance Underwriter Insurance 26,860 BGN
Loss Control Specialist Insurance 37,800 BGN
Loss Prevention Investigator Insurance 43,220 BGN
Loss Prevention Manager Insurance 55,320 BGN
Loss Prevention Specialist Insurance 42,040 BGN
Marine Underwriter Insurance 28,900 BGN
Medical Auditor Insurance 39,420 BGN
Monitoring and Performance Officer Insurance 29,540 BGN
Payment Services Specialist Insurance 42,460 BGN
Policy Change Supervisor Insurance 44,800 BGN
Policy Change Technician Insurance 21,540 BGN
Risk Analyst Insurance 44,540 BGN
Risk Management Director Insurance 78,120 BGN
Risk Management Supervisor Insurance 48,740 BGN
Risk Manager Insurance 75,280 BGN
Risk Modeling Manager Insurance 75,100 BGN
Title Insurance Typist Insurance 35,300 BGN
Training Manager Insurance 45,200 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 61,180 BGN
Plovdiv 66,960 BGN
Rousse 61,580 BGN
Sofia 65,080 BGN
Stara Zagora 58,860 BGN
Varna 66,020 BGN

Link To or Reference This Page

We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be as useful to you as possible.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference World Salaries as the source. We appreciate your support!

  • "Average Policy Change Director Salary in Bulgaria for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-policy-change-director-salary-in-bulgaria/.

  • "Average Policy Change Director Salary in Bulgaria for 2024". World Salaries, https://worldsalaries.com/average-policy-change-director-salary-in-bulgaria/. Accessed 28 March, 2024

  • Average Policy Change Director Salary in Bulgaria for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-policy-change-director-salary-in-bulgaria/.