Average Risk Management Director Salary in Croatia for 2024

In this article, we will look at the average Risk Management Director salary for 2024 in Croatia 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 Croatian kuna. To keep things simple, we are using the HRK currency code instead of the currency symbol kn.

How Much Does a Risk Management Director Make in Croatia?

A Risk Management Director working in Croatia will typically earn around 283,700 HRK per year, and this can range from the lowest average salary of about 130,400 HRK to the highest average salary of 455,400 HRK.

Average Annual Salary
283,700 HRK
Average Monthly Salary
23,641 HRK

Lowest Annual Salary
130,400 HRK
Lowest Monthly Salary
10,866 HRK

Highest Annual Salary
455,400 HRK
Highest Monthly Salary
37,950 HRK

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

Risk Management 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 Risk Management Director Salaries in Croatia

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

Salary ranges

We already know that a Risk Management Director can earn between 130,400 HRK and 455,400 HRK on average in Croatia. 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 Risk Management Director in Croatia is 309,800 HRK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 309,800 HRK, and 50% of the population earn more than 309,800 HRK.

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 Risk Management Director salary in Croatia, 25% of the population are earning less than 197,600 HRK while 75% of the population earn more than 197,600 HRK.

75% of the population earn less than 412,000 HRK, and 25% of the population earn more than 412,000 HRK.

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.

Risk Management Director Salary by Experience Level in Croatia

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 risk management 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 Risk Management Director in Croatia that has less than two years of experience can expect to earn somewhere in the region of 150,000 HRK.
  • 2 - 5 Years Experience. With two to five years of experience the average Risk Management Director salary would increase to 197,600 HRK.
  • 5 - 10 Years Experience. From five to ten years of experience as a Risk Management Director, the average salary would be 294,300 HRK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 359,900 HRK.
  • 15 - 20 Years Experience. A Risk Management Director with 15 to 20 years of experience can earn an average of 390,000 HRK.
  • 20+ Years Experience. For a Risk Management Director with more than 20 years, the expected average salary increases to 424,300 HRK.

Average Salary by Experience Chart

0-2 Years
150,000 HRK
2-5 Years +34%
197,600 HRK
5-10 Years +48%
294,300 HRK
10-15 Years +22%
359,900 HRK
15-20 Years +9%
390,000 HRK
20+ Years +8%
424,300 HRK

Risk Management Director Salary by Education Level in Croatia

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 Risk Management Director in Croatia 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. A Risk Management Director in Croatia with a certificate or diploma education can earn an average salary of 183,700 HRK.

  • Bachelor's Degree. A Risk Management Director in Croatia with a bachelor's degree education can earn an average salary of 215,100 HRK.

  • Master's Degree. A Risk Management Director in Croatia with a master's degree education can earn an average salary of 311,700 HRK.

  • PhD. A Risk Management Director in Croatia with a phd education can earn an average salary of 409,000 HRK.

Average Salary by Education Chart

Certificate or Diploma
183,700 HRK
Bachelor's Degree +18%
215,100 HRK
Master's Degree +45%
311,700 HRK
PhD +31%
409,000 HRK

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 Croatia is around 74,200 to 223,000 HRK 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.

Risk Management 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 Croatia, a male risk management director will earn an average of 296,000 HRK, while a female risk management director will earn around 273,000 HRK.

This means that a male risk management director earns approximately 8% more than a female risk management director for performing the same job.

Average Salary by Gender Chart in Croatia

Male
296,000 HRK
Female -8%
273,000 HRK

Risk Management Director Average Pay Raise in Croatia

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 Risk Management Director in Croatia is around 13% every 18 months.

The national average pay raise across all professions and industries in Croatia is around 9% every 17 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 = ( 13 ÷ 18 ) × 12  = 9%

What this means is that a Risk Management Director in Croatia can expect to receive an average pay raise of around 9% every 12 months.

Annual Pay Raise by Industry in Croatia for 2024

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

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

Banking
9%
Energy
9%
Information Technology
9%
Healthcare
9%
Travel
9%
Construction
9%
Education
9%

Risk Management Director Bonus and Incentive Rates in Croatia

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 Risk Management Director is a high bonus based job, with 85% of employees reporting at least one bonus in the last 12 months.

15% 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
85%
No Bonus
15%

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 Croatia earn approximately 9% more than private sector employees in the same role.

Public Sector
187,500 HRK
Private Sector -9%
172,200 HRK

Salaries for Jobs Similar to a Risk Management Director

In the table below, we have salary information for jobs that are similar to a Risk Management Director in Croatia.

Job Title Category Salary
Account Examiner Accounting and Finance 89,460 HRK
Account Executive Accounting and Finance 152,300 HRK
Accountant Accounting and Finance 127,700 HRK
Accounting Analyst Accounting and Finance 158,700 HRK
Accounting Assistant Accounting and Finance 93,880 HRK
Accounting Associate Accounting and Finance 84,880 HRK
Accounting Clerk Accounting and Finance 74,940 HRK
Accounting Coordinator Accounting and Finance 106,980 HRK
Accounting Head Accounting and Finance 240,500 HRK
Accounting Manager Accounting and Finance 265,000 HRK
Accounting Officer Accounting and Finance 91,520 HRK
Accounting Specialist Accounting and Finance 174,000 HRK
Accounting Supervisor Accounting and Finance 164,200 HRK
Accounting Technician Accounting and Finance 89,120 HRK
Accounting Unit Controller Accounting and Finance 204,000 HRK
Accounts Executive Accounting and Finance 161,300 HRK
Accounts Officer Accounting and Finance 95,720 HRK
Accounts Payable and Receivable Specialist Accounting and Finance 128,900 HRK
Accounts Payable Assistant Accounting and Finance 102,380 HRK
Accounts Payable Associate Accounting and Finance 115,080 HRK
Accounts Payable Clerk Accounting and Finance 87,760 HRK
Accounts Payable Manager Accounting and Finance 247,800 HRK
Accounts Receivable Administrator Accounting and Finance 185,100 HRK
Accounts Receivable Clerk Accounting and Finance 88,480 HRK
Accounts Receivable Financial Analyst Accounting and Finance 176,800 HRK
Accounts Receivable Manager Accounting and Finance 246,200 HRK
Accounts Receivable Team Leader Accounting and Finance 176,800 HRK
Assistant Accountant Accounting and Finance 97,640 HRK
Assistant Accounting Manager Accounting and Finance 237,400 HRK
Assistant Auditor Accounting and Finance 123,400 HRK
Assistant Corporate Controller Accounting and Finance 163,800 HRK
Assistant Finance Manager Accounting and Finance 258,400 HRK
Assistant Financial Controller Accounting and Finance 172,400 HRK
Audit Director Accounting and Finance 294,700 HRK
Audit Supervisor Accounting and Finance 225,700 HRK
Auditing Clerk Accounting and Finance 95,720 HRK
Auditing Manager Accounting and Finance 261,300 HRK
Billing Clerk Accounting and Finance 96,500 HRK
Billing Coordinator Accounting and Finance 109,460 HRK
Billing Specialist Accounting and Finance 139,100 HRK
Billing Supervisor Accounting and Finance 183,700 HRK
Bookkeeper Accounting and Finance 84,040 HRK
Bookkeeping Specialist Accounting and Finance 123,400 HRK
Budget Analyst Accounting and Finance 208,600 HRK
Budget Manager Accounting and Finance 263,900 HRK
Business Support Analyst Accounting and Finance 139,100 HRK
Capital Markets Associate Accounting and Finance 187,300 HRK
Cash Flow Analyst Accounting and Finance 185,100 HRK
Cash Management Manager Accounting and Finance 254,700 HRK
Cash Management Officer Accounting and Finance 142,300 HRK
Cashbook Clerk Accounting and Finance 83,300 HRK
Chartered Accountant Accounting and Finance 164,200 HRK
Chief Accountant Accounting and Finance 187,500 HRK
Collections Clerk Accounting and Finance 79,280 HRK
Collections Representative Accounting and Finance 102,960 HRK
Collections Specialist Accounting and Finance 129,000 HRK
Corporate Controller Accounting and Finance 207,800 HRK
Corporate Treasurer Accounting and Finance 239,300 HRK
Cost Accountant Accounting and Finance 125,700 HRK
Cost Accounting Manager Accounting and Finance 239,000 HRK
Cost Accounting Supervisor Accounting and Finance 204,000 HRK
Cost Analyst Accounting and Finance 204,700 HRK
Credit and Collection Manager Accounting and Finance 254,800 HRK
Credit and Collection Staff Accounting and Finance 92,900 HRK
Credit and Loans Officer Accounting and Finance 86,640 HRK
Credit Controller Accounting and Finance 161,600 HRK
Credit Manager Accounting and Finance 266,000 HRK
Debt Adviser Accounting and Finance 200,000 HRK
Debt Collector Accounting and Finance 101,980 HRK
Debtors Clerk Accounting and Finance 88,020 HRK
Debtors Controller Accounting and Finance 91,520 HRK
Deputy CFO Accounting and Finance 353,600 HRK
Deputy Head of Finance Accounting and Finance 357,300 HRK
Derivative Trader Accounting and Finance 204,000 HRK
Director of Finance Accounting and Finance 369,300 HRK
Economist Accounting and Finance 301,700 HRK
Equity Analyst Accounting and Finance 221,500 HRK
Escrow Assistant Accounting and Finance 110,120 HRK
Executive Accountant Accounting and Finance 136,100 HRK
External Auditor Accounting and Finance 168,100 HRK
Finance Administrator Accounting and Finance 142,300 HRK
Finance Analyst Accounting and Finance 215,100 HRK
Finance Associate Accounting and Finance 109,340 HRK
Finance Director Accounting and Finance 361,600 HRK
Finance Executive Accounting and Finance 252,300 HRK
Finance Licensing Clerk Accounting and Finance 93,120 HRK
Finance Licensing Manager Accounting and Finance 231,000 HRK
Finance Licensing Specialist Accounting and Finance 139,100 HRK
Finance Manager Accounting and Finance 362,200 HRK
Finance Officer Accounting and Finance 116,540 HRK
Finance President Accounting and Finance 365,400 HRK
Finance Relationship Manager Accounting and Finance 294,700 HRK
Finance Release Analyst Accounting and Finance 146,200 HRK
Finance Specialist Accounting and Finance 205,700 HRK
Finance Team Leader Accounting and Finance 272,800 HRK
Financial Accountant Accounting and Finance 123,400 HRK
Financial Actuary Accounting and Finance 192,000 HRK
Financial Administrator Accounting and Finance 204,700 HRK
Financial Advisor Accounting and Finance 233,900 HRK
Financial Analyst Accounting and Finance 212,500 HRK
Financial Applications Specialist Accounting and Finance 159,500 HRK
Financial Assistant Accounting and Finance 97,460 HRK
Financial Associate Accounting and Finance 101,020 HRK
Financial Associate Accounting and Finance 118,060 HRK
Financial Claims Analyst Accounting and Finance 167,100 HRK
Financial Claims Manager Accounting and Finance 209,500 HRK
Financial Claims Supervisor Accounting and Finance 207,700 HRK
Financial Clerk Accounting and Finance 93,340 HRK
Financial Commercial Analyst Accounting and Finance 187,300 HRK
Financial Compliance Analyst Accounting and Finance 197,600 HRK
Financial Consultant Accounting and Finance 172,200 HRK
Financial Controller Accounting and Finance 195,200 HRK
Financial Controller Accounting and Finance 207,800 HRK
Financial Coordinator Accounting and Finance 115,080 HRK
Financial Customer Service Manager Accounting and Finance 225,700 HRK
Financial Dealer and Broker Accounting and Finance 136,100 HRK
Financial Director Accounting and Finance 378,300 HRK
Financial Encoder Accounting and Finance 105,080 HRK
Financial Manager Accounting and Finance 330,900 HRK
Financial Manager Accounting and Finance 359,900 HRK
Financial Operations Manager Accounting and Finance 325,800 HRK
Financial Policy Analyst Accounting and Finance 192,600 HRK
Financial Project Manager Accounting and Finance 247,800 HRK
Financial Quantitative Analyst Accounting and Finance 221,500 HRK
Financial Reporting Consultant Accounting and Finance 172,400 HRK
Financial Reporting Manager Accounting and Finance 237,400 HRK
Financial Section Head Accounting and Finance 238,900 HRK
Financial Services Manager Accounting and Finance 312,400 HRK
Financial Services Sales Agent Accounting and Finance 128,900 HRK
Fixed Assets Administrator Accounting and Finance 130,400 HRK
Forensic Accountant Accounting and Finance 150,000 HRK
Fraud Detection Supervisor Accounting and Finance 159,400 HRK
Fraud Prevention Manager Accounting and Finance 253,400 HRK
Fund Accountant Accounting and Finance 124,400 HRK
Grants Coordinator Accounting and Finance 89,800 HRK
Group Financial Manager Accounting and Finance 367,200 HRK
Internal Auditor Accounting and Finance 169,000 HRK
Internal Control Adviser Accounting and Finance 204,700 HRK
Internal Control Officer Accounting and Finance 106,440 HRK
International Tax Director Accounting and Finance 301,700 HRK
Inventory Accountant Accounting and Finance 127,700 HRK
Investment Advisor Accounting and Finance 332,100 HRK
Investment Analyst Accounting and Finance 233,900 HRK
Investment Associate Accounting and Finance 209,700 HRK
Investment Broker Accounting and Finance 209,500 HRK
Investment Fund Manager Accounting and Finance 266,000 HRK
Investment Operations Manager Accounting and Finance 267,100 HRK
Investment Underwriter Accounting and Finance 105,940 HRK
Investor Accounting and Finance 159,500 HRK
Investor Relations Manager Accounting and Finance 238,900 HRK
KYC Team Leader Accounting and Finance 238,900 HRK
Loan Processor Accounting and Finance 99,340 HRK
Management Accountant Accounting and Finance 142,300 HRK
Management Economist Accounting and Finance 275,800 HRK
Paymaster Accounting and Finance 104,620 HRK
Payroll Administrator Accounting and Finance 159,500 HRK
Payroll Benefits Coordinator Accounting and Finance 139,100 HRK
Payroll Billing Manager Accounting and Finance 216,800 HRK
Payroll Clerk Accounting and Finance 112,560 HRK
Payroll Manager Accounting and Finance 225,700 HRK
Payroll Officer Accounting and Finance 111,460 HRK
Payroll Specialist Accounting and Finance 124,400 HRK
Payroll Supervisor Accounting and Finance 164,200 HRK
Pensions Administrator Accounting and Finance 127,700 HRK
Personal Financial Advisor Accounting and Finance 181,600 HRK
Pricing Analyst Accounting and Finance 205,700 HRK
Private Equity Analyst Accounting and Finance 214,000 HRK
Project Accountant Accounting and Finance 130,400 HRK
Proposal Development Coordinator Accounting and Finance 104,060 HRK
Receivables Accountant Accounting and Finance 116,380 HRK
Regulatory Accountant Accounting and Finance 128,500 HRK
Retirement Plan Analyst Accounting and Finance 207,800 HRK
Revenue Management Specialist Accounting and Finance 204,000 HRK
Revenue Recognition Analyst Accounting and Finance 239,000 HRK
Risk Management Supervisor Accounting and Finance 247,800 HRK
Staff Accountant Accounting and Finance 118,520 HRK
Tax Accountant Accounting and Finance 115,560 HRK
Tax Administrator Accounting and Finance 134,600 HRK
Tax Advisor Accounting and Finance 197,600 HRK
Tax Analyst Accounting and Finance 190,500 HRK
Tax Associate Accounting and Finance 107,580 HRK
Tax Consultant Accounting and Finance 189,300 HRK
Tax Director Accounting and Finance 288,700 HRK
Tax Examiner Accounting and Finance 137,400 HRK
Tax Manager Accounting and Finance 245,300 HRK
Tax Research Manager Accounting and Finance 257,700 HRK
Teller Accounting and Finance 70,600 HRK
Treasury Accountant Accounting and Finance 128,500 HRK
Treasury Analyst Accounting and Finance 209,700 HRK
Underwriter Accounting and Finance 85,880 HRK
Underwriting Assistant Accounting and Finance 85,460 HRK
Vice President of Finance Accounting and Finance 353,600 HRK

Salary Comparison by City

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

City Average Salary
Zadar 318,700 HRK
Zagreb 339,750 HRK

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