Average Title Insurance Typist Salary in Bosnia and Herzegovina for 2024

In this article, we will look at the average Title Insurance Typist 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 Title Insurance Typist Make in Bosnia and Herzegovina?

A Title Insurance Typist working in Bosnia and Herzegovina will typically earn around 25,940 BAM per year, and this can range from the lowest average salary of about 10,000 BAM to the highest average salary of 37,880 BAM.

Average Annual Salary
25,940 BAM
Average Monthly Salary
2,161 BAM

Lowest Annual Salary
10,000 BAM
Lowest Monthly Salary
833 BAM

Highest Annual Salary
37,880 BAM
Highest Monthly Salary
3,156 BAM

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

Title Insurance Typist 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 Title Insurance Typist Salaries in Bosnia and Herzegovina

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

Salary ranges

We already know that a Title Insurance Typist can earn between 10,000 BAM and 37,880 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 Title Insurance Typist in Bosnia and Herzegovina is 26,780 BAM. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 26,780 BAM, and 50% of the population earn more than 26,780 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 Title Insurance Typist salary in Bosnia and Herzegovina, 25% of the population are earning less than 18,780 BAM while 75% of the population earn more than 18,780 BAM.

75% of the population earn less than 34,380 BAM, and 25% of the population earn more than 34,380 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.

Title Insurance Typist 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 title insurance typist 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 Title Insurance Typist in Bosnia and Herzegovina that has less than two years of experience can expect to earn somewhere in the region of 11,360 BAM.
  • 2 - 5 Years Experience. With two to five years of experience the average Title Insurance Typist salary would increase to 18,780 BAM.
  • 5 - 10 Years Experience. From five to ten years of experience as a Title Insurance Typist, the average salary would be 27,380 BAM.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 29,600 BAM.
  • 15 - 20 Years Experience. A Title Insurance Typist with 15 to 20 years of experience can earn an average of 34,480 BAM.
  • 20+ Years Experience. For a Title Insurance Typist with more than 20 years, the expected average salary increases to 38,140 BAM.

Average Salary by Experience Chart

0-2 Years
11,360 BAM
2-5 Years +33%
18,780 BAM
5-10 Years +48%
27,380 BAM
10-15 Years +22%
29,600 BAM
15-20 Years +9%
34,480 BAM
20+ Years +8%
38,140 BAM

Title Insurance Typist 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 Title Insurance Typist 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 Title Insurance Typist in Bosnia and Herzegovina with a certificate or diploma education can earn an average salary of 14,660 BAM.

  • Bachelor's Degree. A Title Insurance Typist in Bosnia and Herzegovina with a bachelor's degree education can earn an average salary of 24,280 BAM.

  • Master's Degree. A Title Insurance Typist in Bosnia and Herzegovina with a master's degree education can earn an average salary of 39,800 BAM.

Average Salary by Education Chart

Certificate or Diploma
14,660 BAM
Bachelor's Degree +57%
24,280 BAM
Master's Degree +68%
39,800 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.

Title Insurance Typist 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 title insurance typist will earn an average of 25,160 BAM, while a female title insurance typist will earn around 22,340 BAM.

This means that a male title insurance typist earns approximately 13% more than a female title insurance typist for performing the same job.

Average Salary by Gender Chart in Bosnia and Herzegovina

Male
25,160 BAM
Female -13%
22,340 BAM

Title Insurance Typist 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 Title Insurance Typist in Bosnia and Herzegovina is around 6% 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 = ( 6 ÷ 29 ) × 12  = 2%

What this means is that a Title Insurance Typist in Bosnia and Herzegovina can expect to receive an average pay raise of around 2% 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%

Title Insurance Typist 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 Title Insurance Typist is a low bonus based job, with 16% of employees reporting at least one bonus in the last 12 months.

84% 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 0% to 4%.

Received Bonus
16%
No Bonus
84%

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 Title Insurance Typist

In the table below, we have salary information for jobs that are similar to a Title Insurance Typist in Bosnia and Herzegovina.

Job Title Category Salary
Actuarial Analyst Insurance 37,380 BAM
Actuarial Assistant Insurance 29,040 BAM
Actuarial Specialist Insurance 27,380 BAM
Actuary Insurance 40,420 BAM
Adjustment Insurance Clerk Insurance 11,300 BAM
Assistant Broker Insurance 19,220 BAM
Assistant Claims Manager Insurance 28,680 BAM
Associate Insurance Representative Insurance 12,240 BAM
Auditing Insurance Manager Insurance 43,480 BAM
Broker Insurance 27,020 BAM
Claim Advocacy Professional Insurance 26,860 BAM
Claims Adjuster Insurance 12,300 BAM
Claims Analyst Insurance 12,620 BAM
Claims Examiner Insurance 14,200 BAM
Claims Manager Insurance 41,980 BAM
Claims Processor Insurance 12,300 BAM
Claims Representative Insurance 10,980 BAM
Claims Resolution Specialist Insurance 31,340 BAM
Claims Supervisor Insurance 26,780 BAM
Complaints Specialist Insurance 26,780 BAM
Compliance Examiner Insurance 27,040 BAM
Compliance Officer Insurance 21,300 BAM
Compliance Reviewer Insurance 27,300 BAM
Consultant Insurance 26,660 BAM
Eligibility Interviewer Insurance 29,160 BAM
Eligibility Specialist Insurance 28,660 BAM
Insurance Account Manager Insurance 36,160 BAM
Insurance Accounts Executive Insurance 31,540 BAM
Insurance Adjuster Insurance 28,820 BAM
Insurance Agent Insurance 18,260 BAM
Insurance Analyst Insurance 28,660 BAM
Insurance Appraiser Insurance 26,100 BAM
Insurance Claims Clerk Insurance 9,960 BAM
Insurance Examiner Insurance 25,440 BAM
Insurance Investigator Insurance 27,020 BAM
Insurance Manager Insurance 47,580 BAM
Insurance Operations Manager Insurance 49,360 BAM
Insurance Policy Processing Clerk Insurance 12,020 BAM
Insurance Pricing Assistant Insurance 21,980 BAM
Insurance Program Manager Insurance 34,120 BAM
Insurance Project Manager Insurance 35,520 BAM
Insurance Quality Assurance Agent Insurance 23,080 BAM
Insurance Sales Agent Insurance 16,720 BAM
Insurance Sales Director Insurance 45,580 BAM
Insurance Sales Manager Insurance 37,620 BAM
Insurance Sales Representative Insurance 14,540 BAM
Insurance Team Leader Insurance 30,840 BAM
Insurance Underwriter Insurance 21,020 BAM
Loss Control Specialist Insurance 29,040 BAM
Loss Prevention Investigator Insurance 32,020 BAM
Loss Prevention Manager Insurance 40,420 BAM
Loss Prevention Specialist Insurance 30,800 BAM
Marine Underwriter Insurance 19,160 BAM
Medical Auditor Insurance 28,720 BAM
Monitoring and Performance Officer Insurance 21,100 BAM
Payment Services Specialist Insurance 30,840 BAM
Policy Change Director Insurance 47,540 BAM
Policy Change Supervisor Insurance 30,800 BAM
Policy Change Technician Insurance 13,960 BAM
Risk Analyst Insurance 32,900 BAM
Risk Management Director Insurance 53,380 BAM
Risk Management Supervisor Insurance 37,200 BAM
Risk Manager Insurance 52,300 BAM
Risk Modeling Manager Insurance 49,560 BAM
Training Manager Insurance 31,960 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 25,940 BAM
Medjugorje 23,380 BAM
Mostar 24,280 BAM
Sarajevo 24,860 BAM
Tuzla 25,220 BAM
Zenica 24,820 BAM

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