Average Real Estate General Manager Salary in Macedonia for 2024

In this article, we will look at the average Real Estate General Manager salary for 2024 in Macedonia 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 denar. To keep things simple, we are using the MKD currency code instead of the currency symbol den.

How Much Does a Real Estate General Manager Make in Macedonia?

A Real Estate General Manager working in Macedonia will typically earn around 932,000 MKD per year, and this can range from the lowest average salary of about 478,100 MKD to the highest average salary of 1,440,700 MKD.

Average Annual Salary
932,000 MKD
Average Monthly Salary
77,666 MKD

Lowest Annual Salary
478,100 MKD
Lowest Monthly Salary
39,841 MKD

Highest Annual Salary
1,440,700 MKD
Highest Monthly Salary
120,058 MKD

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

Real Estate General 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 Real Estate General Manager Salaries in Macedonia

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

Salary ranges

We already know that a Real Estate General Manager can earn between 478,100 MKD and 1,440,700 MKD on average in Macedonia. 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 Real Estate General Manager in Macedonia is 913,400 MKD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 913,400 MKD, and 50% of the population earn more than 913,400 MKD.

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 Real Estate General Manager salary in Macedonia, 25% of the population are earning less than 625,000 MKD while 75% of the population earn more than 625,000 MKD.

75% of the population earn less than 1,152,700 MKD, and 25% of the population earn more than 1,152,700 MKD.

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.

Real Estate General Manager Salary by Experience Level in Macedonia

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 real estate general 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. A Real Estate General Manager in Macedonia that has less than two years of experience can expect to earn somewhere in the region of 533,000 MKD.
  • 2 - 5 Years Experience. With two to five years of experience the average Real Estate General Manager salary would increase to 696,700 MKD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Real Estate General Manager, the average salary would be 975,700 MKD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 1,172,800 MKD.
  • 15 - 20 Years Experience. A Real Estate General Manager with 15 to 20 years of experience can earn an average of 1,273,300 MKD.
  • 20+ Years Experience. For a Real Estate General Manager with more than 20 years, the expected average salary increases to 1,380,400 MKD.

Average Salary by Experience Chart

0-2 Years
533,000 MKD
2-5 Years +31%
696,700 MKD
5-10 Years +40%
975,700 MKD
10-15 Years +20%
1,172,800 MKD
15-20 Years +9%
1,273,300 MKD
20+ Years +8%
1,380,400 MKD

Real Estate General Manager Salary by Education Level in Macedonia

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 Real Estate General Manager in Macedonia 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 Real Estate General Manager in Macedonia with a high school education can earn an average salary of 639,900 MKD.

  • Certificate or Diploma. A Real Estate General Manager in Macedonia with a certificate or diploma education can earn an average salary of 736,700 MKD.

  • Bachelor's Degree. A Real Estate General Manager in Macedonia with a bachelor's degree education can earn an average salary of 1,032,800 MKD.

  • Master's Degree. A Real Estate General Manager in Macedonia with a master's degree education can earn an average salary of 1,333,900 MKD.

Average Salary by Education Chart

High School
639,900 MKD
Certificate or Diploma +15%
736,700 MKD
Bachelor's Degree +41%
1,032,800 MKD
Master's Degree +29%
1,333,900 MKD

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 Macedonia is around 230,000 to 689,000 MKD 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.

Real Estate General 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 Macedonia, a male real estate general manager will earn an average of 970,200 MKD, while a female real estate general manager will earn around 899,900 MKD.

This means that a male real estate general manager earns approximately 8% more than a female real estate general manager for performing the same job.

Average Salary by Gender Chart in Macedonia

Male
970,200 MKD
Female -8%
899,900 MKD

Real Estate General Manager Average Pay Raise in Macedonia

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 Real Estate General Manager in Macedonia is around 8% every 31 months.

The national average pay raise across all professions and industries in Macedonia 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 = ( 8 ÷ 31 ) × 12  = 3%

What this means is that a Real Estate General Manager in Macedonia can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Macedonia for 2024

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

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

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Real Estate General Manager Bonus and Incentive Rates in Macedonia

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 Real Estate General Manager is a moderate bonus based job, with 63% of employees reporting at least one bonus in the last 12 months.

37% 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 6% to 8%.

Received Bonus
63%
No Bonus
37%

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 Macedonia earn approximately 10% more than private sector employees in the same role.

Public Sector
573,500 MKD
Private Sector -10%
519,300 MKD

Salaries for Jobs Similar to a Real Estate General Manager

In the table below, we have salary information for jobs that are similar to a Real Estate General Manager in Macedonia.

Job Title Category Salary
Acquisition Associate Real Estate 471,700 MKD
Assistant Leasing Manager Real Estate 589,400 MKD
Assistant Property Manager Real Estate 626,800 MKD
Brokerage Real Estate 466,900 MKD
Brokerage Clerk Real Estate 232,400 MKD
Commercial Leasing Manager Real Estate 990,700 MKD
Commercial Real Estate Manager Real Estate 974,600 MKD
Community Development Manager Real Estate 874,500 MKD
Compliance Specialist Real Estate 462,300 MKD
Development Coordinator Real Estate 478,100 MKD
Director of Real Estate Real Estate 1,030,200 MKD
Lease Administrator Real Estate 572,200 MKD
Leasing Agent Real Estate 467,100 MKD
Leasing Consultant Real Estate 552,400 MKD
Leasing Manager Real Estate 659,400 MKD
Lettings Assistant Real Estate 228,000 MKD
Portfolio Analyst Real Estate 817,800 MKD
Portfolio Manager Real Estate 1,144,400 MKD
Property Acquisition Agent Real Estate 414,000 MKD
Property and Claims Specialist Real Estate 581,300 MKD
Property Manager Real Estate 713,900 MKD
Property Operations Manager Real Estate 960,900 MKD
Property Tax Assistant Real Estate 485,200 MKD
Real Estate Administrator Real Estate 504,500 MKD
Real Estate Agent Real Estate 501,400 MKD
Real Estate Analyst Real Estate 627,900 MKD
Real Estate Appraiser Real Estate 496,100 MKD
Real Estate Appraiser Real Estate 507,300 MKD
Real Estate Appraiser Real Estate 519,300 MKD
Real Estate Assistant Real Estate 472,100 MKD
Real Estate Association Manager Real Estate 650,700 MKD
Real Estate Broker Real Estate 442,200 MKD
Real Estate Project Director Real Estate 906,000 MKD
Real Estate Project Manager Real Estate 840,100 MKD
Real Estate Sales Agent Real Estate 510,000 MKD
Real Estate Valuer Real Estate 524,400 MKD
Research Analyst Real Estate 424,300 MKD
Residential Advisor Real Estate 539,700 MKD
Residential Property Manager Real Estate 677,100 MKD
Shopping Center Manager Real Estate 1,048,600 MKD
Town Planner Real Estate 979,600 MKD

Salary Comparison by City

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

City Average Salary
Skopje 1,067,500 MKD

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