Average Trade Product Manager Salary in Czech Republic for 2024

In this article, we will look at the average Trade Product Manager salary for 2024 in Czech Republic 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 Czech koruna. To keep things simple, we are using the CZK currency code instead of the currency symbol Kฤ.

How Much Does a Trade Product Manager Make in Czech Republic?

A Trade Product Manager working in Czech Republic will typically earn around 884,700 CZK per year, and this can range from the lowest average salary of about 459,300 CZK to the highest average salary of 1,357,900 CZK.

Average Annual Salary
884,700 CZK
Average Monthly Salary
73,725 CZK

Lowest Annual Salary
459,300 CZK
Lowest Monthly Salary
38,275 CZK

Highest Annual Salary
1,357,900 CZK
Highest Monthly Salary
113,158 CZK

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

Trade Product 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 Trade Product Manager Salaries in Czech Republic

So we've looked at the average salaries a Trade Product Manager will earn in Czech Republic. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Trade Product Manager can earn between 459,300 CZK and 1,357,900 CZK on average in Czech Republic. 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 Trade Product Manager in Czech Republic is 847,000 CZK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 847,000 CZK, and 50% of the population earn more than 847,000 CZK.

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 Trade Product Manager salary in Czech Republic, 25% of the population are earning less than 589,400 CZK while 75% of the population earn more than 589,400 CZK.

75% of the population earn less than 1,058,800 CZK, and 25% of the population earn more than 1,058,800 CZK.

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.

Trade Product Manager Salary by Experience Level in Czech Republic

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 trade product 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 Trade Product Manager in Czech Republic that has less than two years of experience can expect to earn somewhere in the region of 520,900 CZK.
  • 2 - 5 Years Experience. With two to five years of experience the average Trade Product Manager salary would increase to 701,400 CZK.
  • 5 - 10 Years Experience. From five to ten years of experience as a Trade Product Manager, the average salary would be 909,300 CZK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 1,104,400 CZK.
  • 15 - 20 Years Experience. A Trade Product Manager with 15 to 20 years of experience can earn an average of 1,198,300 CZK.
  • 20+ Years Experience. For a Trade Product Manager with more than 20 years, the expected average salary increases to 1,273,300 CZK.

Average Salary by Experience Chart

0-2 Years
520,900 CZK
2-5 Years +34%
701,400 CZK
5-10 Years +30%
909,300 CZK
10-15 Years +21%
1,104,400 CZK
15-20 Years +9%
1,198,300 CZK
20+ Years +5%
1,273,300 CZK

Trade Product Manager Salary by Education Level in Czech Republic

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 Trade Product Manager in Czech Republic based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Trade Product Manager in Czech Republic with a bachelor's degree education can earn an average salary of 735,200 CZK.

  • Master's Degree. A Trade Product Manager in Czech Republic with a master's degree education can earn an average salary of 1,023,000 CZK.

Average Salary by Education Chart

Bachelor's Degree
735,200 CZK
Master's Degree +39%
1,023,000 CZK

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 Czech Republic is around 305,000 to 914,000 CZK 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.

Trade Product 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 Czech Republic, a male trade product manager will earn an average of 913,400 CZK, while a female trade product manager will earn around 862,100 CZK.

This means that a male trade product manager earns approximately 6% more than a female trade product manager for performing the same job.

Average Salary by Gender Chart in Czech Republic

Male
913,400 CZK
Female -6%
862,100 CZK

Trade Product Manager Average Pay Raise in Czech Republic

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 Trade Product Manager in Czech Republic is around 12% every 17 months.

The national average pay raise across all professions and industries in Czech Republic is around 8% every 18 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 = ( 12 ÷ 17 ) × 12  = 8%

What this means is that a Trade Product Manager in Czech Republic can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Czech Republic for 2024

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

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

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Trade Product Manager Bonus and Incentive Rates in Czech Republic

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 Trade Product Manager is a high bonus based job, with 78% of employees reporting at least one bonus in the last 12 months.

22% 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 6% to 8%.

Received Bonus
78%
No Bonus
22%

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 Czech Republic earn approximately 7% more than private sector employees in the same role.

Public Sector
758,700 CZK
Private Sector -7%
709,600 CZK

Salaries for Jobs Similar to a Trade Product Manager

In the table below, we have salary information for jobs that are similar to a Trade Product Manager in Czech Republic.

Job Title Category Salary
AML Analyst Banking 1,154,300 CZK
Assistant Bank Branch Manager Banking 986,700 CZK
Assistant Bank Manager Banking 1,249,900 CZK
ATM Manager Banking 1,007,400 CZK
ATM Service Technician Banking 294,300 CZK
Bank Accounts Analyst Banking 442,200 CZK
Bank Accounts Collector Banking 252,300 CZK
Bank Accounts Controller Banking 552,400 CZK
Bank Accounts Executive Banking 783,800 CZK
Bank Accounts Manager Banking 965,000 CZK
Bank Auditing Manager Banking 906,000 CZK
Bank Branch Manager Banking 1,273,300 CZK
Bank Branch Operations Coordinator Banking 559,000 CZK
Bank Clerk Banking 240,500 CZK
Bank Client Service Associate Banking 335,100 CZK
Bank Collector Banking 246,200 CZK
Bank Compliance Specialist Banking 705,500 CZK
Bank Manager Banking 1,487,200 CZK
Bank Operational Risk Manager Banking 1,537,500 CZK
Bank Operations Head Banking 1,500,800 CZK
Bank Operations Officer Banking 602,700 CZK
Bank Operations Specialist Banking 983,700 CZK
Bank Process Manager Banking 840,800 CZK
Bank Product Manager Banking 1,006,300 CZK
Bank Programme Manager Banking 1,075,700 CZK
Bank Project Manager Banking 1,191,100 CZK
Bank Propositions Manager Banking 1,109,600 CZK
Bank Quantitative Analyst Banking 728,500 CZK
Bank Regional Manager Banking 1,606,100 CZK
Bank Regional Risk Officer Banking 791,600 CZK
Bank Relationship Manager Banking 1,125,300 CZK
Bank Relationship Officer Banking 528,500 CZK
Bank Teller Banking 261,300 CZK
Banker Banking 514,800 CZK
Banking Business Analyst Banking 805,900 CZK
Banking Business Development Officer Banking 500,100 CZK
Banking Business Planning Executive Banking 1,157,300 CZK
Banking Product Manager Banking 1,009,600 CZK
Banking Reference Data Manager Banking 823,900 CZK
Banking Risk Analyst Banking 781,200 CZK
Banking Technical Analyst Banking 437,900 CZK
Bankruptcy Coordinator Banking 559,000 CZK
Bill and Account Collector Banking 271,300 CZK
Budget Analyst Banking 778,500 CZK
Capital Risk Manager Banking 1,464,200 CZK
Cards Marketing Manager Banking 1,037,600 CZK
Cash Management Manager Banking 1,333,900 CZK
Check Processing Manager Banking 1,047,900 CZK
Commercial Vault Associate Banking 810,200 CZK
Corporate Banker Banking 552,400 CZK
Corporate Dealer Banking 812,900 CZK
Credit Analyst Banking 612,500 CZK
Credit and Collections Manager Banking 1,122,900 CZK
Credit Card Fraud Investigator Banking 823,400 CZK
Credit Portfolio Manager Banking 1,476,700 CZK
Credit Risk Analyst Banking 875,000 CZK
Credit Risk Associate Banking 883,500 CZK
Direct Bank Sales Representative Banking 539,700 CZK
Exchange Control Consultant Banking 840,800 CZK
Executive Account Analyst Banking 800,200 CZK
Financial Bank Planning Consultant Banking 1,007,400 CZK
Financial Banking Analysis Manager Banking 1,138,300 CZK
Financial Banking Assistant Banking 390,000 CZK
Financial Banking Systems Manager Banking 1,070,600 CZK
Foreign Exchange Manager Banking 1,212,800 CZK
Fraud Analyst Banking 805,900 CZK
Fraud Detection Associate Banking 575,100 CZK
Fraud Detection Manager Banking 1,175,700 CZK
Fraud Detection Supervisor Banking 664,500 CZK
Internal Bank Audit Manager Banking 1,405,700 CZK
Internal Bank Auditor Banking 790,600 CZK
Internal Private Banker Banking 548,500 CZK
International Banking Manager Banking 1,606,100 CZK
Investment Banking Analyst Banking 1,104,400 CZK
Loan Analyst Banking 747,400 CZK
Loan Area Manager Banking 960,900 CZK
Loan Audit Team Leader Banking 899,200 CZK
Loan Branch Manager Banking 852,900 CZK
Loan Business Development Officer Banking 487,600 CZK
Loan Clerk Banking 273,300 CZK
Loan Collection and Recovery Manager Banking 934,900 CZK
Loan Collection Manager Banking 975,700 CZK
Loan Collector Banking 271,300 CZK
Loan Examiner Banking 345,100 CZK
Loan Officer Banking 301,700 CZK
Loan Processing Manager Banking 814,500 CZK
Loan Processor Banking 362,200 CZK
Loan Quality Assurance Auditor Banking 778,200 CZK
Loan Quality Assurance Manager Banking 913,400 CZK
Loan Quality Assurance Representative Banking 583,000 CZK
Loan Review Manager Banking 932,800 CZK
Loan Team Leader Banking 800,500 CZK
Loans Manager Banking 1,108,500 CZK
Mortgage Advisor Banking 524,300 CZK
Mortgage Collection Manager Banking 939,000 CZK
Mortgage Collector Banking 249,600 CZK
Mortgage Credit Analyst Banking 430,500 CZK
Mortgage Credit Manager Banking 869,400 CZK
Mortgage Development Manager Banking 1,054,900 CZK
Mortgage Document Reviewer Banking 345,100 CZK
Mortgage Funding Manager Banking 979,600 CZK
Mortgage Operations Manager Banking 1,428,800 CZK
Mortgage Payment Processing Clerk Banking 301,300 CZK
Mortgage Processing Manager Banking 917,700 CZK
Mortgage Processor Banking 345,100 CZK
Mortgage Quality Assurance Auditor Banking 744,600 CZK
Mortgage Quality Assurance Manager Banking 904,700 CZK
Mortgage Servicing Clerk Banking 283,400 CZK
Mortgage Servicing Manager Banking 858,400 CZK
Mortgage Underwriter Banking 325,800 CZK
Online Banking Manager Banking 1,440,700 CZK
Payment Processing Clerk Banking 283,400 CZK
Personal Banker Banking 559,000 CZK
Personal Banking Advisor Banking 562,200 CZK
Phone Banker Banking 369,300 CZK
Private Banker Banking 547,800 CZK
Reconciliation and Investigation Specialist Banking 626,800 CZK
Tax Officer Banking 498,500 CZK
Teller Banking 277,400 CZK
Trade Officer Banking 322,600 CZK
Trader Banking 392,300 CZK
Treasury Operations Officer Banking 707,600 CZK

Salary Comparison by City

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

City Average Salary
Prague 986,700 CZK

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