Average Relationship Manager Salary in Macedonia for 2024

In this article, we will look at the average Relationship 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 Relationship Manager Make in Macedonia?

A Relationship Manager working in Macedonia will typically earn around 861,300 MKD per year, and this can range from the lowest average salary of about 430,000 MKD to the highest average salary of 1,333,900 MKD.

Average Annual Salary
861,300 MKD
Average Monthly Salary
71,775 MKD

Lowest Annual Salary
430,000 MKD
Lowest Monthly Salary
35,833 MKD

Highest Annual Salary
1,333,900 MKD
Highest Monthly Salary
111,158 MKD

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

Relationship 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 Relationship Manager Salaries in Macedonia

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

Salary ranges

We already know that a Relationship Manager can earn between 430,000 MKD and 1,333,900 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 Relationship Manager in Macedonia is 861,300 MKD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 861,300 MKD, and 50% of the population earn more than 861,300 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 Relationship Manager salary in Macedonia, 25% of the population are earning less than 580,600 MKD while 75% of the population earn more than 580,600 MKD.

75% of the population earn less than 1,095,900 MKD, and 25% of the population earn more than 1,095,900 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.

Relationship 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 relationship 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 Relationship Manager in Macedonia that has less than two years of experience can expect to earn somewhere in the region of 514,800 MKD.
  • 2 - 5 Years Experience. With two to five years of experience the average Relationship Manager salary would increase to 683,400 MKD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Relationship Manager, the average salary would be 915,100 MKD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 1,088,600 MKD.
  • 15 - 20 Years Experience. A Relationship Manager with 15 to 20 years of experience can earn an average of 1,174,600 MKD.
  • 20+ Years Experience. For a Relationship Manager with more than 20 years, the expected average salary increases to 1,259,300 MKD.

Average Salary by Experience Chart

0-2 Years
514,800 MKD
2-5 Years +32%
683,400 MKD
5-10 Years +34%
915,100 MKD
10-15 Years +19%
1,088,600 MKD
15-20 Years +8%
1,174,600 MKD
20+ Years +7%
1,259,300 MKD

Relationship 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 Relationship 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 Relationship Manager in Macedonia with a high school education can earn an average salary of 648,200 MKD.

  • Certificate or Diploma. A Relationship Manager in Macedonia with a certificate or diploma education can earn an average salary of 737,000 MKD.

  • Bachelor's Degree. A Relationship Manager in Macedonia with a bachelor's degree education can earn an average salary of 998,400 MKD.

  • Master's Degree. A Relationship Manager in Macedonia with a master's degree education can earn an average salary of 1,259,300 MKD.

Average Salary by Education Chart

High School
648,200 MKD
Certificate or Diploma +14%
737,000 MKD
Bachelor's Degree +36%
998,400 MKD
Master's Degree +26%
1,259,300 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.

Relationship 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 relationship manager will earn an average of 879,700 MKD, while a female relationship manager will earn around 840,800 MKD.

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

Average Salary by Gender Chart in Macedonia

Male
879,700 MKD
Female -5%
840,800 MKD

Relationship 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 Relationship Manager in Macedonia is around 9% every 28 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 = ( 9 ÷ 28 ) × 12  = 4%

What this means is that a Relationship Manager in Macedonia can expect to receive an average pay raise of around 4% 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%

Relationship 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 Relationship 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 5% 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 Relationship Manager

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

Job Title Category Salary
Account Coordinator Executive and Management 500,100 MKD
Account Director Executive and Management 619,800 MKD
Account Executive Executive and Management 618,800 MKD
Account Manager Executive and Management 589,400 MKD
Administration Manager Executive and Management 642,800 MKD
Administration Officer Executive and Management 351,900 MKD
Administration Supervisor Executive and Management 513,300 MKD
Administrative Clerk Executive and Management 263,900 MKD
Administrative Officer Executive and Management 253,400 MKD
Area Director Executive and Management 563,000 MKD
Area Manager Executive and Management 562,200 MKD
Asset Protection Associate Executive and Management 718,000 MKD
Assistant Director Executive and Management 633,300 MKD
Assistant General Manager Executive and Management 704,300 MKD
Assistant Manager Executive and Management 701,400 MKD
Assistant Managing Director Executive and Management 751,100 MKD
Assistant Operations Manager Executive and Management 744,700 MKD
Assistant Project Manager Executive and Management 646,600 MKD
Assistant Section Head Executive and Management 565,100 MKD
Assistant to CEO Executive and Management 631,200 MKD
Assistant Vice President Executive and Management 728,500 MKD
Associate Account Director Executive and Management 664,500 MKD
Associate Director Executive and Management 643,400 MKD
Bid Manager Executive and Management 748,600 MKD
Branch Manager Executive and Management 694,700 MKD
Business Development Manager Executive and Management 823,400 MKD
Business Operations Associate Executive and Management 681,500 MKD
Business Operations Lead Executive and Management 652,200 MKD
Campaign Manager Executive and Management 707,600 MKD
Catering Coordinator Executive and Management 415,900 MKD
Catering Manager Executive and Management 652,200 MKD
CEO Executive and Management 1,212,800 MKD
Chairman of The Board Executive and Management 1,198,300 MKD
Chairman Office Manager Executive and Management 810,500 MKD
Chief Commercial Officer Executive and Management 906,000 MKD
Chief Corporate Officer Executive and Management 964,000 MKD
Chief Executive Officer Executive and Management 1,249,900 MKD
Chief Financial Officer Executive and Management 1,113,100 MKD
Chief Investment Officer Executive and Management 923,000 MKD
Chief of Staff Executive and Management 565,100 MKD
Chief Operating Officer Executive and Management 965,000 MKD
Chief Risk Officer Executive and Management 799,300 MKD
Client Account Manager Executive and Management 757,600 MKD
Client Accounts Officer Executive and Management 656,800 MKD
Client Services Manager Executive and Management 795,700 MKD
Commercial Director Executive and Management 875,000 MKD
Commercial Manager Executive and Management 737,000 MKD
Commercial Project Manager Executive and Management 713,900 MKD
Commodity Broker Executive and Management 519,300 MKD
COO Executive and Management 938,100 MKD
Corporate Affairs Executive Executive and Management 727,100 MKD
Corporate Compliance Director Executive and Management 858,400 MKD
Corporate Director Executive and Management 838,100 MKD
Corporate Officer Executive and Management 571,300 MKD
Corporate Partnerships Officer Executive and Management 608,500 MKD
Country Manager Executive and Management 962,300 MKD
Department Head Executive and Management 757,300 MKD
Department Manager Executive and Management 778,200 MKD
Department Supervisor Executive and Management 689,900 MKD
Deputy Director Executive and Management 889,400 MKD
Deputy Manager Executive and Management 919,700 MKD
Director Executive and Management 956,200 MKD
Director of Accreditation Executive and Management 858,100 MKD
Director of Catering Services Executive and Management 713,900 MKD
Director of Client Services Executive and Management 840,800 MKD
Director of Facilities Management Executive and Management 674,100 MKD
Director of Operations Executive and Management 814,500 MKD
Director of Process Simplification Executive and Management 675,200 MKD
Director of Product Management Executive and Management 800,200 MKD
Director of Project Management Executive and Management 840,100 MKD
Director of Revenue Management Executive and Management 778,200 MKD
Director of Training and Development Executive and Management 832,300 MKD
Distribution Manager Executive and Management 829,000 MKD
Division Manager Executive and Management 719,100 MKD
Duty Manager Executive and Management 689,900 MKD
Engagement Manager Executive and Management 844,100 MKD
Executive Director Executive and Management 1,224,800 MKD
Executive Manager Executive and Management 1,000,700 MKD
Franchise Manager Executive and Management 1,099,800 MKD
General Manager Executive and Management 996,600 MKD
Global Master Data Manager Executive and Management 906,500 MKD
Global Technical Lead Executive and Management 590,200 MKD
Head of Investment Executive and Management 823,900 MKD
Head of Middle Office Executive and Management 767,400 MKD
Head of Projects Executive and Management 808,000 MKD
Head of Strategy Executive and Management 960,900 MKD
Head of Supply Chain Executive and Management 802,400 MKD
Head of Sustainability Executive and Management 687,100 MKD
Housing Manager Executive and Management 674,100 MKD
HSE Manager Executive and Management 683,800 MKD
Key Account Manager Executive and Management 694,700 MKD
Knowledge Manager Executive and Management 832,000 MKD
Location Manager Executive and Management 772,900 MKD
Logistics Executive Executive and Management 646,600 MKD
Logistics Manager Executive and Management 659,200 MKD
Management Consultant Executive and Management 695,400 MKD
Management Executive Executive and Management 927,000 MKD
Manager Executive and Management 874,900 MKD
Managing Director Executive and Management 979,300 MKD
MIS Executive Executive and Management 879,800 MKD
Ocean Services Manager Executive and Management 907,100 MKD
Operational Manager Executive and Management 854,300 MKD
Operations Analyst Executive and Management 751,700 MKD
Operations Assistant Executive and Management 596,100 MKD
Operations Director Executive and Management 906,500 MKD
Operations Executive Executive and Management 913,400 MKD
Operations Manager Executive and Management 908,200 MKD
Operations Supervisor Executive and Management 795,700 MKD
Planning Director Executive and Management 885,000 MKD
PMO Manager Executive and Management 817,800 MKD
Policy Administration Executive Executive and Management 710,500 MKD
Private Sector Executive Executive and Management 751,100 MKD
Product Development Manager Executive and Management 844,600 MKD
Product Executive Executive and Management 710,500 MKD
Production Executive Executive and Management 866,900 MKD
Production Manager Executive and Management 879,700 MKD
Production Supervisor Executive and Management 727,100 MKD
Program Director Executive and Management 858,400 MKD
Program Manager Executive and Management 868,400 MKD
Programme Coordinator Executive and Management 628,000 MKD
Project Control Manager Executive and Management 844,600 MKD
Project Coordinator Executive and Management 541,700 MKD
Project Management Officer Executive and Management 603,400 MKD
Project Manager Executive and Management 598,600 MKD
Project Portfolio Manager Executive and Management 698,200 MKD
Quality Manager Executive and Management 664,500 MKD
R/D Director Executive and Management 743,100 MKD
Regional Director Executive and Management 1,162,900 MKD
Regional Manager Executive and Management 870,700 MKD
Retail District Manager Executive and Management 566,900 MKD
Revenue Manager Executive and Management 696,700 MKD
Risk and Capital Manager Executive and Management 938,100 MKD
Risk Officer Executive and Management 643,800 MKD
Safety Manager Executive and Management 615,000 MKD
Section Head Executive and Management 670,600 MKD
Service Manager Executive and Management 659,200 MKD
Shift Supervisor Executive and Management 518,900 MKD
Solutions Manager Executive and Management 615,700 MKD
Supervisor Executive and Management 498,500 MKD
Supply Chain Manager Executive and Management 860,300 MKD
Surveyor Executive and Management 607,400 MKD
Technical Director Executive and Management 818,100 MKD
Technical Manager Executive and Management 819,000 MKD
Territory Manager Executive and Management 855,200 MKD
Validation Manager Executive and Management 695,200 MKD
Vice President Executive and Management 1,003,800 MKD
Zone Manager Executive and Management 885,000 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 919,150 MKD

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 Relationship Manager Salary in Macedonia for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-relationship-manager-salary-in-macedonia/.

  • "Average Relationship Manager Salary in Macedonia for 2024". World Salaries, https://worldsalaries.com/average-relationship-manager-salary-in-macedonia/. Accessed 28 March, 2024

  • Average Relationship Manager Salary in Macedonia for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-relationship-manager-salary-in-macedonia/.