Average Sports Manager Salary in Bulgaria for 2024
In this article, we will look at the average Sports Manager 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 Sports Manager Make in Bulgaria?
A Sports Manager working in Bulgaria will typically earn around 66,000 BGN per year, and this can range from the lowest average salary of about 29,320 BGN to the highest average salary of 102,720 BGN.
These are average salaries for a Sports Manager in Bulgaria and include benefits such as housing and transport. It's also possible for a Sports Manager to earn more or less than the average salaries shown above.
Sports 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 Sports Manager Salaries in Bulgaria
So we've looked at the average salaries a Sports Manager will earn in Bulgaria. The next interesting data point is the distribution of salaries.
Salary ranges
We already know that a Sports Manager can earn between 29,320 BGN and 102,720 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 Sports Manager in Bulgaria is 70,260 BGN. This is the middle value in the distribution of salaries.
What this means is that approximately 50% of the population earn less than 70,260 BGN, and 50% of the population earn more than 70,260 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 Sports Manager salary in Bulgaria, 25% of the population are earning less than 44,720 BGN while 75% of the population earn more than 44,720 BGN.
75% of the population earn less than 93,340 BGN, and 25% of the population earn more than 93,340 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.
Sports Manager 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 sports 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 Sports Manager in Bulgaria that has less than two years of experience can expect to earn somewhere in the region of 35,500 BGN.
- 2 - 5 Years Experience. With two to five years of experience the average Sports Manager salary would increase to 42,960 BGN.
- 5 - 10 Years Experience. From five to ten years of experience as a Sports Manager, the average salary would be 66,440 BGN.
- 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 80,060 BGN.
- 15 - 20 Years Experience. A Sports Manager with 15 to 20 years of experience can earn an average of 87,060 BGN.
- 20+ Years Experience. For a Sports Manager with more than 20 years, the expected average salary increases to 96,980 BGN.
Average Salary by Experience Chart
| 0-2 Years |
35,500 BGN
|
|
| 2-5 Years | +34% |
42,960 BGN
|
| 5-10 Years | +48% |
66,440 BGN
|
| 10-15 Years | +22% |
80,060 BGN
|
| 15-20 Years | +9% |
87,060 BGN
|
| 20+ Years | +8% |
96,980 BGN
|
Sports Manager 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 Sports Manager in Bulgaria based on the education level of the employees in order to find out whether a better education level would increase your salary.
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High School. A Sports Manager in Bulgaria with a high school education can earn an average salary of 42,460 BGN.
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Certificate or Diploma. A Sports Manager in Bulgaria with a certificate or diploma education can earn an average salary of 46,880 BGN.
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Bachelor's Degree. A Sports Manager in Bulgaria with a bachelor's degree education can earn an average salary of 71,700 BGN.
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Master's Degree. A Sports Manager in Bulgaria with a master's degree education can earn an average salary of 93,140 BGN.
Average Salary by Education Chart
| High School |
42,460 BGN
|
|
| Certificate or Diploma | +18% |
46,880 BGN
|
| Bachelor's Degree | +45% |
71,700 BGN
|
| Master's Degree | +31% |
93,140 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.
Sports 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 Bulgaria, a male sports manager will earn an average of 66,140 BGN, while a female sports manager will earn around 62,060 BGN.
This means that a male sports manager earns approximately 7% more than a female sports manager for performing the same job.
Average Salary by Gender Chart in Bulgaria
| Male |
66,140 BGN
|
|
| Female | -7% |
62,060 BGN
|
Sports Manager 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 Sports Manager in Bulgaria is around 10% every 22 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 ÷ 22 ) × 12 = 5%
What this means is that a Sports Manager in Bulgaria can expect to receive an average pay raise of around 5% 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%
|
Sports Manager 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 Sports Manager is a moderate bonus based job, with 58% of employees reporting at least one bonus in the last 12 months.
42% 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 2% to 7%.
| Received Bonus |
58%
|
|
| No Bonus |
42%
|
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 Sports Manager
In the table below, we have salary information for jobs that are similar to a Sports Manager in Bulgaria.
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.
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