Average Treasury Officer Salary in Novi Sad, Serbia for 2026

In this article, we will look at the average Treasury Officer salary for 2026 in Novi Sad 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 Serbian dinar. To keep things simple, we are using the RSD currency code instead of the currency symbol дин..

How Much Does a Treasury Officer Make in Novi Sad?

A Treasury Officer working in Novi Sad will typically earn around 1,765,300 RSD per year, and this can range from the lowest average salary of about 810,200 RSD to the highest average salary of 2,794,600 RSD.

Average Annual Salary1,765,300 RSD
Average Monthly Salary147,108 RSD
Average Lowest Salary810,200 RSD
Lowest Monthly Salary67,516 RSD
Average Highest Salary2,794,600 RSD
Highest Monthly Salary232,883 RSD

These are average salaries for a Treasury Officer in Novi Sad and include benefits such as housing and transport. It's also possible for a Treasury Officer to earn more or less than the average salaries shown above.

Treasury Officer 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 Treasury Officer Salaries in Novi Sad

So we've looked at the average salaries a Treasury Officer will earn in Novi Sad. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Treasury Officer can earn between 810,200 RSD and 2,794,600 RSD on average in Novi Sad. 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 Treasury Officer in Novi Sad is 1,896,700 RSD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 1,896,700 RSD, and 50% of the population earn more than 1,896,700 RSD.

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 Treasury Officer salary in Novi Sad, 25% of the population are earning less than 1,224,800 RSD while 75% of the population earn more than 1,224,800 RSD.

75% of the population earn less than 2,533,800 RSD, and 25% of the population earn more than 2,533,800 RSD.

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.

Treasury Officer Salary by Experience Level in Novi Sad

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 Treasury Officer 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 Treasury Officer in Novi Sad that has less than two years of experience can expect to earn somewhere in the region of 918,500 RSD.
  • 2 - 5 Years Experience. With two to five years of experience the average Treasury Officer salary would increase to 1,224,800 RSD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Treasury Officer, the average salary would be 1,811,000 RSD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 2,207,600 RSD.
  • 15 - 20 Years Experience. A Treasury Officer with 15 to 20 years of experience can earn an average of 2,411,500 RSD.
  • 20+ Years Experience. For a Treasury Officer with more than 20 years, the expected average salary increases to 2,605,500 RSD.

Average Salary by Experience Chart

0-2 Years-
918,500 RSD
2-5 Years+34%
1,224,800 RSD
5-10 Years+48%
1,811,000 RSD
10-15 Years+22%
2,207,600 RSD
15-20 Years+9%
2,411,500 RSD
20+ Years+8%
2,605,500 RSD

Treasury Officer Salary by Education Level in Novi Sad

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 Treasury Officer in Novi Sad based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Treasury Officer in Novi Sad with a high school education can earn an average salary of 1,047,900 RSD.
  • Certificate or Diploma. A Treasury Officer in Novi Sad with a certificate or diploma education can earn an average salary of 1,645,600 RSD.
  • Bachelor's Degree. A Treasury Officer in Novi Sad with a bachelor's degree education can earn an average salary of 2,759,700 RSD.

Average Salary by Education Chart

High School-
1,047,900 RSD
Certificate or Diploma+57%
1,645,600 RSD
Bachelor's Degree+68%
2,759,700 RSD

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 Serbia is around 701,000 to 2,100,000 RSD 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.

Treasury Officer 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 Novi Sad, a male treasury officer will earn an average of 1,765,300 RSD, while a female treasury officer will earn around 1,655,500 RSD.

This means that a male treasury officer earns approximately 7% more than a female treasury officer for performing the same job.

Average Salary by Gender Chart in Novi Sad

Male-
1,765,300 RSD
Female-7%
1,655,500 RSD

Treasury Officer Average Pay Raise in Novi Sad

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 Treasury Officer in Novi Sad is around 10% every 20 months.

The national average pay raise across all professions and industries in Serbia 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 ÷ 20 ) × 12  = 6%

What this means is that a Treasury Officer in Novi Sad can expect to receive an average pay raise of around 6% every 12 months.

Annual Pay Raise by Industry in Novi Sad for 2026

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

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

Banking-
4%
Energy-
8%
Information Technology-
3%
Healthcare-
7%
Travel-
2%
Construction-
6%
Education-
1%

Treasury Officer Bonus and Incentive Rates in Novi Sad

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 Treasury Officer is a moderate bonus based job, with 55% of employees reporting at least one bonus in the last 12 months.

45% 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-
55%
No Bonus-
45%

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 Serbia earn approximately 15% more than private sector employees in the same role.

Public Sector-
1,800,200 RSD
Private Sector-15%
1,570,900 RSD

Salaries for Jobs Similar to a Treasury Officer

In the table below, we have salary information for jobs that are similar to a Treasury Officer in Novi Sad.

Job TitleCategorySalary
Account ManagerSales Retail and Wholesale1,788,300 RSD
Account OfficerSales Retail and Wholesale1,004,500 RSD
Area ManagerSales Retail and Wholesale1,942,700 RSD
Area Sales DirectorSales Retail and Wholesale3,239,400 RSD
Area Sales ManagerSales Retail and Wholesale2,617,900 RSD
Assisstant Store SupervisorSales Retail and Wholesale1,054,900 RSD
Assistant Department ManagerSales Retail and Wholesale1,283,600 RSD
Assistant Retail Store ManagerSales Retail and Wholesale1,428,800 RSD
Branch ManagerSales Retail and Wholesale1,942,700 RSD
Branch SupervisorSales Retail and Wholesale1,655,500 RSD
CashierSales Retail and Wholesale580,600 RSD
Cashier ManagerSales Retail and Wholesale1,345,400 RSD
Commercial Sales ManagerSales Retail and Wholesale2,617,900 RSD
Corporate Sales ManagerSales Retail and Wholesale2,197,700 RSD
Depot ManagerSales Retail and Wholesale1,858,200 RSD
Depot SupervisorSales Retail and Wholesale1,693,600 RSD
Deputy Sales ManagerSales Retail and Wholesale1,728,900 RSD
Director of SalesSales Retail and Wholesale3,013,500 RSD
Distribution DirectorSales Retail and Wholesale2,207,600 RSD
District LeaderSales Retail and Wholesale1,583,700 RSD
District ManagerSales Retail and Wholesale1,990,300 RSD
District Sales ManagerSales Retail and Wholesale1,882,700 RSD
External Sales Account ManagerSales Retail and Wholesale1,825,000 RSD
Field Sales RepresentativeSales Retail and Wholesale1,320,500 RSD
Furniture Sales AssociateSales Retail and Wholesale917,700 RSD
Global Wholesale ManagerSales Retail and Wholesale3,514,400 RSD
Head CashierSales Retail and Wholesale1,224,800 RSD
Head TellerSales Retail and Wholesale1,212,800 RSD
Head of Direct SalesSales Retail and Wholesale2,362,300 RSD
Head of RetailSales Retail and Wholesale2,266,400 RSD
Inside SalesSales Retail and Wholesale1,021,800 RSD
Inside Sales Account ManagerSales Retail and Wholesale1,606,100 RSD
Inside Sales EngineerSales Retail and Wholesale1,187,900 RSD
Inside Sales ExecutiveSales Retail and Wholesale1,741,800 RSD
Inside Sales RepresentativeSales Retail and Wholesale1,102,100 RSD
Internal Sales ManagerSales Retail and Wholesale1,870,400 RSD
Inventory ManagerSales Retail and Wholesale1,870,400 RSD
Key Account ManagerSales Retail and Wholesale1,835,700 RSD
Medical Device SalesSales Retail and Wholesale1,405,700 RSD
Medical Device Sales RepresentativeSales Retail and Wholesale1,391,600 RSD
MerchandiserSales Retail and Wholesale1,249,900 RSD
National Account ManagerSales Retail and Wholesale2,533,800 RSD
National Customer Solution SpecialistSales Retail and Wholesale2,207,600 RSD
National Sales ManagerSales Retail and Wholesale3,529,600 RSD
Outside Sales RepresentativeSales Retail and Wholesale1,249,900 RSD
Parts SalespersonSales Retail and Wholesale1,043,700 RSD
Project Development ManagerSales Retail and Wholesale1,955,300 RSD
Project ManagerSales Retail and Wholesale2,065,400 RSD
Project Sales ExecutiveSales Retail and Wholesale2,065,400 RSD
Purchasing and Sales ExecutiveSales Retail and Wholesale2,844,200 RSD
Quotation EngineerSales Retail and Wholesale1,007,400 RSD
Regional Sales DirectorSales Retail and Wholesale3,253,900 RSD
Regional Sales ManagerSales Retail and Wholesale3,217,900 RSD
Relationship ManagerSales Retail and Wholesale2,290,300 RSD
Retail MerchandiserSales Retail and Wholesale794,900 RSD
Retail Operations ManagerSales Retail and Wholesale2,026,800 RSD
Retail Sales AssociateSales Retail and Wholesale1,476,700 RSD
Retail Sales RepresentativeSales Retail and Wholesale1,182,400 RSD
Retail SalespersonSales Retail and Wholesale1,004,400 RSD
Retail Store ManagerSales Retail and Wholesale1,930,500 RSD
Retail Store Sales PersonSales Retail and Wholesale991,000 RSD
Revenue ManagerSales Retail and Wholesale1,870,400 RSD
Sales Account ManagerSales Retail and Wholesale2,197,700 RSD
Sales Admin ExecutiveSales Retail and Wholesale2,617,900 RSD
Sales Administration ManagerSales Retail and Wholesale2,362,300 RSD
Sales AnalystSales Retail and Wholesale1,835,700 RSD
Sales AssistantSales Retail and Wholesale802,400 RSD
Sales AssociateSales Retail and Wholesale976,300 RSD
Sales ConsultantSales Retail and Wholesale1,547,500 RSD
Sales CoordinatorSales Retail and Wholesale1,152,700 RSD
Sales Development RepresentativeSales Retail and Wholesale1,283,600 RSD
Sales DirectorSales Retail and Wholesale3,192,300 RSD
Sales EngineerSales Retail and Wholesale1,160,900 RSD
Sales ExecutiveSales Retail and Wholesale2,110,600 RSD
Sales ManagerSales Retail and Wholesale2,844,200 RSD
Sales OfficerSales Retail and Wholesale1,031,200 RSD
Sales PlannerSales Retail and Wholesale1,741,800 RSD
Sales Planning AnalystSales Retail and Wholesale1,811,000 RSD
Sales RepresentativeSales Retail and Wholesale1,067,300 RSD
Sales Service AssociateSales Retail and Wholesale962,900 RSD
Sales SpecialistSales Retail and Wholesale1,510,400 RSD
Sales SupervisorSales Retail and Wholesale1,716,600 RSD
Sales SupportSales Retail and Wholesale757,300 RSD
Sales Support ManagerSales Retail and Wholesale1,765,300 RSD
Sales Team LeaderSales Retail and Wholesale1,668,900 RSD
Sales TrainerSales Retail and Wholesale1,882,700 RSD
Securities Sales AgentSales Retail and Wholesale1,788,300 RSD
Shipper / ReceiverSales Retail and Wholesale748,600 RSD
Shop ManagerSales Retail and Wholesale1,846,200 RSD
Store Development AdministratorSales Retail and Wholesale1,357,900 RSD
Store ManagerSales Retail and Wholesale2,076,600 RSD
Territory Sales ManagerSales Retail and Wholesale2,557,100 RSD
Territory Sales RepresentativeSales Retail and Wholesale1,428,800 RSD
Trade Marketing OfficerSales Retail and Wholesale1,716,600 RSD
Vice President SalesSales Retail and Wholesale2,605,500 RSD
Visual MerchandiserSales Retail and Wholesale878,900 RSD

Salary Comparison by City

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

CityAverage Salary
Belgrade1,741,800 RSD

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