Average Tax Research Manager Salary in Bosnia and Herzegovina for 2024

In this article, we will look at the average Tax Research Manager salary for 2024 in Bosnia and Herzegovina 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 Bosnia and Herzegovina convertible mark. To keep things simple, we are using the BAM currency code instead of the currency symbol .

How Much Does a Tax Research Manager Make in Bosnia and Herzegovina?

A Tax Research Manager working in Bosnia and Herzegovina will typically earn around 41,560 BAM per year, and this can range from the lowest average salary of about 18,900 BAM to the highest average salary of 68,060 BAM.

Average Annual Salary
41,560 BAM
Average Monthly Salary
3,463 BAM

Lowest Annual Salary
18,900 BAM
Lowest Monthly Salary
1,575 BAM

Highest Annual Salary
68,060 BAM
Highest Monthly Salary
5,671 BAM

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

Tax Research 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 Tax Research Manager Salaries in Bosnia and Herzegovina

So we've looked at the average salaries a Tax Research Manager will earn in Bosnia and Herzegovina. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Tax Research Manager can earn between 18,900 BAM and 68,060 BAM on average in Bosnia and Herzegovina. 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 Tax Research Manager in Bosnia and Herzegovina is 46,720 BAM. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 46,720 BAM, and 50% of the population earn more than 46,720 BAM.

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 Tax Research Manager salary in Bosnia and Herzegovina, 25% of the population are earning less than 27,020 BAM while 75% of the population earn more than 27,020 BAM.

75% of the population earn less than 58,720 BAM, and 25% of the population earn more than 58,720 BAM.

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.

Tax Research Manager Salary by Experience Level in Bosnia and Herzegovina

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 tax research 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 Tax Research Manager in Bosnia and Herzegovina that has less than two years of experience can expect to earn somewhere in the region of 19,940 BAM.
  • 2 - 5 Years Experience. With two to five years of experience the average Tax Research Manager salary would increase to 27,560 BAM.
  • 5 - 10 Years Experience. From five to ten years of experience as a Tax Research Manager, the average salary would be 43,260 BAM.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 50,540 BAM.
  • 15 - 20 Years Experience. A Tax Research Manager with 15 to 20 years of experience can earn an average of 55,820 BAM.
  • 20+ Years Experience. For a Tax Research Manager with more than 20 years, the expected average salary increases to 62,420 BAM.

Average Salary by Experience Chart

0-2 Years
19,940 BAM
2-5 Years +34%
27,560 BAM
5-10 Years +48%
43,260 BAM
10-15 Years +22%
50,540 BAM
15-20 Years +9%
55,820 BAM
20+ Years +8%
62,420 BAM

Tax Research Manager Salary by Education Level in Bosnia and Herzegovina

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 Tax Research Manager in Bosnia and Herzegovina 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 Tax Research Manager in Bosnia and Herzegovina with a certificate or diploma education can earn an average salary of 25,940 BAM.

  • Bachelor's Degree. A Tax Research Manager in Bosnia and Herzegovina with a bachelor's degree education can earn an average salary of 39,800 BAM.

  • Master's Degree. A Tax Research Manager in Bosnia and Herzegovina with a master's degree education can earn an average salary of 64,200 BAM.

Average Salary by Education Chart

Certificate or Diploma
25,940 BAM
Bachelor's Degree +57%
39,800 BAM
Master's Degree +68%
64,200 BAM

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 Bosnia and Herzegovina is around 11,500 to 34,500 BAM 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.

Tax Research 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 Bosnia and Herzegovina, a male tax research manager will earn an average of 45,200 BAM, while a female tax research manager will earn around 38,700 BAM.

This means that a male tax research manager earns approximately 17% more than a female tax research manager for performing the same job.

Average Salary by Gender Chart in Bosnia and Herzegovina

Male
45,200 BAM
Female -17%
38,700 BAM

Tax Research Manager Average Pay Raise in Bosnia and Herzegovina

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 Tax Research Manager in Bosnia and Herzegovina is around 8% every 29 months.

The national average pay raise across all professions and industries in Bosnia and Herzegovina 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 ÷ 29 ) × 12  = 3%

What this means is that a Tax Research Manager in Bosnia and Herzegovina can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Bosnia and Herzegovina for 2024

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

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%

Tax Research Manager Bonus and Incentive Rates in Bosnia and Herzegovina

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 Tax Research Manager is a moderate bonus based job, with 67% of employees reporting at least one bonus in the last 12 months.

33% 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
67%
No Bonus
33%

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 Bosnia and Herzegovina earn approximately 27% more than private sector employees in the same role.

Public Sector
31,400 BAM
Private Sector -27%
24,800 BAM

Salaries for Jobs Similar to a Tax Research Manager

In the table below, we have salary information for jobs that are similar to a Tax Research Manager in Bosnia and Herzegovina.

Job Title Category Salary
Account Examiner Accounting and Finance 15,880 BAM
Account Executive Accounting and Finance 25,220 BAM
Accountant Accounting and Finance 18,900 BAM
Accounting Analyst Accounting and Finance 27,020 BAM
Accounting Assistant Accounting and Finance 15,580 BAM
Accounting Associate Accounting and Finance 13,960 BAM
Accounting Clerk Accounting and Finance 12,200 BAM
Accounting Coordinator Accounting and Finance 18,780 BAM
Accounting Head Accounting and Finance 38,680 BAM
Accounting Manager Accounting and Finance 40,040 BAM
Accounting Officer Accounting and Finance 13,560 BAM
Accounting Specialist Accounting and Finance 25,440 BAM
Accounting Supervisor Accounting and Finance 28,180 BAM
Accounting Technician Accounting and Finance 12,000 BAM
Accounting Unit Controller Accounting and Finance 33,440 BAM
Accounts Executive Accounting and Finance 25,940 BAM
Accounts Officer Accounting and Finance 14,140 BAM
Accounts Payable and Receivable Specialist Accounting and Finance 21,400 BAM
Accounts Payable Assistant Accounting and Finance 17,100 BAM
Accounts Payable Associate Accounting and Finance 16,140 BAM
Accounts Payable Clerk Accounting and Finance 14,660 BAM
Accounts Payable Manager Accounting and Finance 39,420 BAM
Accounts Receivable Administrator Accounting and Finance 29,840 BAM
Accounts Receivable Clerk Accounting and Finance 12,240 BAM
Accounts Receivable Financial Analyst Accounting and Finance 26,860 BAM
Accounts Receivable Manager Accounting and Finance 36,700 BAM
Accounts Receivable Team Leader Accounting and Finance 27,560 BAM
Assistant Accountant Accounting and Finance 15,880 BAM
Assistant Accounting Manager Accounting and Finance 35,260 BAM
Assistant Auditor Accounting and Finance 21,540 BAM
Assistant Corporate Controller Accounting and Finance 24,720 BAM
Assistant Finance Manager Accounting and Finance 39,560 BAM
Assistant Financial Controller Accounting and Finance 29,540 BAM
Audit Director Accounting and Finance 45,580 BAM
Audit Supervisor Accounting and Finance 38,140 BAM
Auditing Clerk Accounting and Finance 14,140 BAM
Auditing Manager Accounting and Finance 43,360 BAM
Billing Clerk Accounting and Finance 15,880 BAM
Billing Coordinator Accounting and Finance 19,640 BAM
Billing Specialist Accounting and Finance 23,380 BAM
Billing Supervisor Accounting and Finance 31,080 BAM
Bookkeeper Accounting and Finance 14,540 BAM
Bookkeeping Specialist Accounting and Finance 20,120 BAM
Budget Analyst Accounting and Finance 33,960 BAM
Budget Manager Accounting and Finance 39,420 BAM
Business Support Analyst Accounting and Finance 20,760 BAM
Capital Markets Associate Accounting and Finance 31,080 BAM
Cash Flow Analyst Accounting and Finance 31,660 BAM
Cash Management Manager Accounting and Finance 41,900 BAM
Cash Management Officer Accounting and Finance 23,380 BAM
Cashbook Clerk Accounting and Finance 11,880 BAM
Chartered Accountant Accounting and Finance 23,700 BAM
Chief Accountant Accounting and Finance 29,640 BAM
Collections Clerk Accounting and Finance 13,700 BAM
Collections Representative Accounting and Finance 15,700 BAM
Collections Specialist Accounting and Finance 21,380 BAM
Corporate Controller Accounting and Finance 32,620 BAM
Corporate Treasurer Accounting and Finance 39,800 BAM
Cost Accountant Accounting and Finance 21,020 BAM
Cost Accounting Manager Accounting and Finance 37,380 BAM
Cost Accounting Supervisor Accounting and Finance 32,900 BAM
Cost Analyst Accounting and Finance 31,380 BAM
Credit and Collection Manager Accounting and Finance 40,420 BAM
Credit and Collection Staff Accounting and Finance 14,920 BAM
Credit and Loans Officer Accounting and Finance 14,920 BAM
Credit Controller Accounting and Finance 24,720 BAM
Credit Manager Accounting and Finance 43,340 BAM
Debt Adviser Accounting and Finance 31,520 BAM
Debt Collector Accounting and Finance 18,260 BAM
Debtors Clerk Accounting and Finance 12,580 BAM
Debtors Controller Accounting and Finance 13,560 BAM
Deputy CFO Accounting and Finance 57,320 BAM
Deputy Head of Finance Accounting and Finance 55,220 BAM
Derivative Trader Accounting and Finance 35,300 BAM
Director of Finance Accounting and Finance 56,640 BAM
Economist Accounting and Finance 49,360 BAM
Equity Analyst Accounting and Finance 35,340 BAM
Escrow Assistant Accounting and Finance 16,340 BAM
Executive Accountant Accounting and Finance 21,640 BAM
External Auditor Accounting and Finance 25,720 BAM
Finance Administrator Accounting and Finance 23,400 BAM
Finance Analyst Accounting and Finance 34,380 BAM
Finance Associate Accounting and Finance 16,340 BAM
Finance Director Accounting and Finance 58,280 BAM
Finance Executive Accounting and Finance 41,980 BAM
Finance Licensing Clerk Accounting and Finance 12,240 BAM
Finance Licensing Manager Accounting and Finance 38,060 BAM
Finance Licensing Specialist Accounting and Finance 23,400 BAM
Finance Manager Accounting and Finance 59,240 BAM
Finance Officer Accounting and Finance 18,280 BAM
Finance President Accounting and Finance 59,940 BAM
Finance Relationship Manager Accounting and Finance 45,720 BAM
Finance Release Analyst Accounting and Finance 24,820 BAM
Finance Specialist Accounting and Finance 32,200 BAM
Finance Team Leader Accounting and Finance 42,960 BAM
Financial Accountant Accounting and Finance 18,280 BAM
Financial Actuary Accounting and Finance 29,320 BAM
Financial Administrator Accounting and Finance 31,180 BAM
Financial Advisor Accounting and Finance 36,160 BAM
Financial Analyst Accounting and Finance 36,160 BAM
Financial Applications Specialist Accounting and Finance 24,800 BAM
Financial Assistant Accounting and Finance 17,620 BAM
Financial Associate Accounting and Finance 17,620 BAM
Financial Associate Accounting and Finance 19,020 BAM
Financial Claims Analyst Accounting and Finance 26,660 BAM
Financial Claims Manager Accounting and Finance 35,500 BAM
Financial Claims Supervisor Accounting and Finance 33,440 BAM
Financial Clerk Accounting and Finance 17,260 BAM
Financial Commercial Analyst Accounting and Finance 29,840 BAM
Financial Compliance Analyst Accounting and Finance 31,520 BAM
Financial Consultant Accounting and Finance 27,300 BAM
Financial Controller Accounting and Finance 32,900 BAM
Financial Controller Accounting and Finance 34,080 BAM
Financial Coordinator Accounting and Finance 20,300 BAM
Financial Customer Service Manager Accounting and Finance 35,520 BAM
Financial Dealer and Broker Accounting and Finance 21,380 BAM
Financial Director Accounting and Finance 60,020 BAM
Financial Encoder Accounting and Finance 16,400 BAM
Financial Manager Accounting and Finance 52,380 BAM
Financial Manager Accounting and Finance 57,800 BAM
Financial Operations Manager Accounting and Finance 50,080 BAM
Financial Policy Analyst Accounting and Finance 28,680 BAM
Financial Project Manager Accounting and Finance 40,420 BAM
Financial Quantitative Analyst Accounting and Finance 35,340 BAM
Financial Reporting Consultant Accounting and Finance 26,660 BAM
Financial Reporting Manager Accounting and Finance 36,020 BAM
Financial Section Head Accounting and Finance 38,260 BAM
Financial Services Manager Accounting and Finance 48,920 BAM
Financial Services Sales Agent Accounting and Finance 19,940 BAM
Fixed Assets Administrator Accounting and Finance 19,380 BAM
Forensic Accountant Accounting and Finance 22,400 BAM
Fraud Detection Supervisor Accounting and Finance 23,140 BAM
Fraud Prevention Manager Accounting and Finance 42,460 BAM
Fund Accountant Accounting and Finance 20,500 BAM
Grants Coordinator Accounting and Finance 12,240 BAM
Group Financial Manager Accounting and Finance 57,440 BAM
Internal Auditor Accounting and Finance 27,040 BAM
Internal Control Adviser Accounting and Finance 29,160 BAM
Internal Control Officer Accounting and Finance 16,140 BAM
International Tax Director Accounting and Finance 49,820 BAM
Inventory Accountant Accounting and Finance 19,060 BAM
Investment Advisor Accounting and Finance 51,400 BAM
Investment Analyst Accounting and Finance 40,420 BAM
Investment Associate Accounting and Finance 30,700 BAM
Investment Broker Accounting and Finance 35,300 BAM
Investment Fund Manager Accounting and Finance 45,580 BAM
Investment Operations Manager Accounting and Finance 42,040 BAM
Investment Underwriter Accounting and Finance 18,780 BAM
Investor Accounting and Finance 23,360 BAM
Investor Relations Manager Accounting and Finance 39,560 BAM
KYC Team Leader Accounting and Finance 40,420 BAM
Loan Processor Accounting and Finance 18,260 BAM
Management Accountant Accounting and Finance 24,840 BAM
Management Economist Accounting and Finance 45,000 BAM
Paymaster Accounting and Finance 14,140 BAM
Payroll Administrator Accounting and Finance 25,680 BAM
Payroll Benefits Coordinator Accounting and Finance 21,560 BAM
Payroll Billing Manager Accounting and Finance 37,740 BAM
Payroll Clerk Accounting and Finance 16,340 BAM
Payroll Manager Accounting and Finance 38,140 BAM
Payroll Officer Accounting and Finance 17,860 BAM
Payroll Specialist Accounting and Finance 19,480 BAM
Payroll Supervisor Accounting and Finance 27,300 BAM
Pensions Administrator Accounting and Finance 21,400 BAM
Personal Financial Advisor Accounting and Finance 28,720 BAM
Pricing Analyst Accounting and Finance 34,160 BAM
Private Equity Analyst Accounting and Finance 32,420 BAM
Project Accountant Accounting and Finance 19,980 BAM
Proposal Development Coordinator Accounting and Finance 16,140 BAM
Receivables Accountant Accounting and Finance 19,200 BAM
Regulatory Accountant Accounting and Finance 20,000 BAM
Retirement Plan Analyst Accounting and Finance 32,620 BAM
Revenue Management Specialist Accounting and Finance 34,980 BAM
Revenue Recognition Analyst Accounting and Finance 37,740 BAM
Risk Management Director Accounting and Finance 46,840 BAM
Risk Management Supervisor Accounting and Finance 38,680 BAM
Staff Accountant Accounting and Finance 16,980 BAM
Tax Accountant Accounting and Finance 17,740 BAM
Tax Administrator Accounting and Finance 19,060 BAM
Tax Advisor Accounting and Finance 32,020 BAM
Tax Analyst Accounting and Finance 29,160 BAM
Tax Associate Accounting and Finance 15,700 BAM
Tax Consultant Accounting and Finance 30,700 BAM
Tax Director Accounting and Finance 42,960 BAM
Tax Examiner Accounting and Finance 19,940 BAM
Tax Manager Accounting and Finance 38,780 BAM
Teller Accounting and Finance 10,080 BAM
Treasury Accountant Accounting and Finance 20,940 BAM
Treasury Analyst Accounting and Finance 34,080 BAM
Underwriter Accounting and Finance 14,620 BAM
Underwriting Assistant Accounting and Finance 13,540 BAM
Vice President of Finance Accounting and Finance 54,180 BAM

Salary Comparison by City

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

City Average Salary
Banja Luka 45,580 BAM
Medjugorje 36,700 BAM
Mostar 35,260 BAM
Sarajevo 46,400 BAM
Tuzla 40,240 BAM
Zenica 39,960 BAM

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