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Chartered Accountant Average Salary in Bulgaria 2024

How much money does a person working as Chartered Accountant make in Bulgaria?


Average Monthly Salary
3,130 BGN
( 37,500 BGN yearly)

LOW
1,530
BGN
AVERAGE
3,130
BGN
HIGH
4,880
BGN
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Chartered Accountant in Bulgaria typically earns around 3,130 BGN. Salaries range from 1,530 BGN (lowest) to 4,880 BGN (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Chartered Accountant salaries in Bulgaria vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Chartered Accountant Pay Scale and Salaries in Bulgaria

Median and salary distribution Bulgaria Chartered Accountant monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
2,900 BGN or more
10% of people earn
2,560 to 2,900 BGN
20% of people earn
1,820 BGN or less
65% of people earn
1,820 to 2,560 BGN
Minimum Salary
1,530 BGN
Median
2,920 BGN
Maximum
4,880 BGN




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Chartered Accountant in Bulgaria range from 1,530 BGN (starting salary) to 4,880 BGN (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 2,920 BGN, half of the professionals who work as Chartered Accountant in Bulgaria earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Chartered Accountant in Bulgaria earn less than 2,380 BGN, while 75% earn more. Similarly, the chart shows that 75% earn less than 3,330 BGN while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Chartered Accountant in Bulgaria compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 1,820 BGN to 2,560 BGN. About 20% of salaries are below the 1,820 BGN mark, while 10% fall within the range of 2,560 BGN to 2,900 BGN. Only 5% of individuals have salaries exceeding 2,900 BGN.

Salary Comparison by Years of Experience / Chartered Accountant / Bulgaria

How do experience and age affect pay?

0 - 2 Years
1,820 BGN
2 - 5 Years+29%
2,340 BGN
5 - 10 Years+38%
3,220 BGN
10 - 15 Years+24%
3,990 BGN
15 - 20 Years+7%
4,280 BGN
20+ Years+7%
4,560 BGN
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Bulgaria Chartered Accountant
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Chartered Accountant and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 1,820 BGN.

While someone with an experience level between two and five years is expected to earn 2,340 BGN, 29% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 3,220 BGN, 38% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 3,990 BGN, 24% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 4,280 BGN, 7% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 4,560 BGN, 7% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Chartered Accountant / Bulgaria

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Chartered Accountant.

Certificate or Diploma
2,340 BGN
Bachelor's Degree+34%
3,140 BGN
Master's Degree+53%
4,810 BGN
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Bulgaria Chartered Accountant
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Chartered Accountant in order to make a comparison.


Level 1: Certificate or Diploma

Employees at this education level have an average salary of 2,340 BGN.


Level 2: Bachelor's Degree

At this level, the average salary becomes 3,140 BGN, 34% more than the previous level.


Level 3: Master's Degree

At this level, the average salary becomes 4,810 BGN, 53% more than the previous level.



Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Bulgaria costs anywhere from 16,600 BGN to 49,700 BGN and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Chartered Accountant / Bulgaria

Salary comparison by gender Bulgaria Chartered Accountant monthly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Chartered Accountant in Bulgaria, the average difference between the salary of male and female employees is 6%.

Male
3,210 BGN
Female-6%
3,020 BGN
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Bulgaria for all Careers

Salary comparison by gender monthly Bulgaria
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Average Annual Salary Increment Percentage / Chartered Accountant / Bulgaria

How much are annual salary increments in Bulgaria for individuals working as Chartered Accountant? How often do employees get salary raises?

Individuals working as Chartered Accountant in Bulgaria are likely to observe a salary increase of approximately 10% every 20 months. The national average annual increment for all professions combined is 7% granted to employees every 20 months.

Annual Salary Increment Rate Bulgaria Chartered Accountant
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Bulgaria / All Professions

Annual Salary Increment Rate Bulgaria
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in Bulgaria is 4%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Chartered Accountant / Bulgaria

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Bulgaria Chartered Accountant
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47% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 53% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
53%
No Bonus
47%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Average Hourly Wage / Chartered Accountant / Bulgaria


18 BGN per hour

The average hourly wage (pay per hour) for individuals working as Chartered Accountant in Bulgaria is 18 BGN.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Chartered Accountant in Bulgaria is 9 BGN. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Accounting and Finance-100%
Account Examiner1,760 BGN-44%
Account Executive2,880 BGN-8%
Accountant2,260 BGN-28%
Accounting Analyst2,850 BGN-9%
Accounting Assistant1,830 BGN-41%
Accounting Associate1,710 BGN-45%
Accounting Clerk1,430 BGN-54%
Accounting Coordinator2,110 BGN-33%
Accounting Head4,570 BGN+46%
Accounting Manager4,920 BGN+57%
Accounting Officer1,780 BGN-43%
Accounting Specialist3,350 BGN+7%
Accounting Supervisor3,170 BGN+1%
Accounting Technician1,600 BGN-49%
Accounting Unit Controller4,010 BGN+28%
Accounts Executive2,920 BGN-7%
Accounts Officer1,810 BGN-42%
Accounts Payable and Receivable Specialist2,300 BGN-26%
Accounts Payable Assistant1,940 BGN-38%
Accounts Payable Associate2,240 BGN-28%
Accounts Payable Clerk1,780 BGN-43%
Accounts Payable Manager4,880 BGN+56%
Accounts Receivable Administrator3,300 BGN+6%
Accounts Receivable Clerk1,720 BGN-45%
Accounts Receivable Financial Analyst3,460 BGN+11%
Accounts Receivable Manager4,640 BGN+48%
Accounts Receivable Team Leader3,560 BGN+14%
Algorithmic Trading Specialist3,980 BGN+27%
Assistant Accountant1,800 BGN-42%
Assistant Accounting Manager4,560 BGN+46%
Assistant Auditor2,270 BGN-27%
Assistant Corporate Controller3,130 BGN+0%
Assistant Finance Manager4,940 BGN+58%
Assistant Financial Controller3,340 BGN+7%
Audit Director5,380 BGN+72%
Audit Supervisor4,210 BGN+35%
Auditing Clerk1,810 BGN-42%
Auditing Manager4,960 BGN+59%
Billing Clerk1,720 BGN-45%
Billing Coordinator2,130 BGN-32%
Billing Specialist2,430 BGN-22%
Billing Supervisor3,640 BGN+16%
Bookkeeper1,620 BGN-48%
Bookkeeping Specialist2,180 BGN-30%
Budget Analyst3,960 BGN+27%
Budget Manager4,900 BGN+57%
Business Support Analyst2,560 BGN-18%
Capital Markets Associate3,540 BGN+13%
Cash Flow Analyst3,700 BGN+18%
Cash Management Manager4,540 BGN+45%
Cash Management Officer2,720 BGN-13%
Cashbook Clerk1,660 BGN-47%
Chartered Accountant3,130 BGN+0%
Chief Accountant3,540 BGN+13%
Chief Financial Technology Officer5,000 BGN+60%
Collections Clerk1,430 BGN-54%
Collections Representative2,070 BGN-34%
Collections Specialist2,420 BGN-23%
Corporate Controller3,770 BGN+21%
Corporate Treasurer4,530 BGN+45%
Cost Accountant2,300 BGN-26%
Cost Accounting Manager4,860 BGN+55%
Cost Accounting Supervisor3,670 BGN+17%
Cost Analyst3,650 BGN+17%
Credit and Collection Manager4,750 BGN+52%
Credit and Collection Staff1,770 BGN-43%
Credit and Loans Officer1,710 BGN-45%
Credit Controller3,340 BGN+7%
Credit Manager5,090 BGN+63%
Debt Adviser4,090 BGN+31%
Debt Collector1,860 BGN-40%
Debtors Clerk1,620 BGN-48%
Debtors Controller1,780 BGN-43%
Deputy CFO6,300 BGN+100%
Deputy Head of Finance6,720 BGN+110%
Derivative Trader3,950 BGN+26%
Director of Finance6,940 BGN+120%
E-commerce Accountant2,430 BGN-22%
Economist5,570 BGN+78%
Equity Analyst4,080 BGN+31%
Escrow Assistant2,040 BGN-35%
Executive Accountant2,560 BGN-18%
External Auditor3,450 BGN+10%
Finance Administrator2,750 BGN-12%
Finance Analyst4,230 BGN+35%
Finance Associate2,110 BGN-33%
Finance Data Analyst3,920 BGN+25%
Finance Director6,700 BGN+110%
Finance Executive5,230 BGN+67%
Finance Licensing Clerk1,760 BGN-44%
Finance Licensing Manager4,360 BGN+39%
Finance Licensing Specialist2,560 BGN-18%
Finance Manager6,580 BGN+110%
Finance Officer2,180 BGN-30%
Finance President6,670 BGN+110%
Finance Relationship Manager5,580 BGN+79%
Finance Release Analyst2,820 BGN-10%
Finance Specialist4,020 BGN+29%
Finance Team Leader 5,280 BGN+69%
Financial Accountant2,380 BGN-24%
Financial Actuary3,460 BGN+11%
Financial Administrator3,870 BGN+24%
Financial Advisor4,120 BGN+32%
Financial Analyst4,160 BGN+33%
Financial Applications Specialist3,090 BGN-1%
Financial Assistant1,860 BGN-40%
Financial Associate2,240 BGN-28%
Financial Claims Analyst3,100 BGN-1%
Financial Claims Manager4,230 BGN+35%
Financial Claims Supervisor4,060 BGN+30%
Financial Clerk1,800 BGN-42%
Financial Commercial Analyst3,350 BGN+7%
Financial Compliance Analyst3,720 BGN+19%
Financial Compliance Officer3,600 BGN+15%
Financial Consultant3,280 BGN+5%
Financial Controller3,810 BGN+22%
Financial Coordinator2,230 BGN-29%
Financial Customer Service Manager4,180 BGN+34%
Financial Data Scientist4,370 BGN+40%
Financial Dealer and Broker2,670 BGN-15%
Financial Director6,670 BGN+110%
Financial Encoder2,030 BGN-35%
Financial Manager6,270 BGN+100%
Financial Modelling Analyst4,360 BGN+39%
Financial Operations Manager5,960 BGN+91%
Financial Policy Analyst3,530 BGN+13%
Financial Project Manager5,040 BGN+61%
Financial Quantitative Analyst4,190 BGN+34%
Financial Reporting Consultant3,480 BGN+11%
Financial Reporting Manager4,350 BGN+39%
Financial Section Head4,330 BGN+39%
Financial Services Manager6,080 BGN+94%
Financial Services Sales Agent2,600 BGN-17%
Financial Technology Consultant3,570 BGN+14%
Financial Wellness Coach4,810 BGN+54%
FinTech Analyst4,170 BGN+33%
Fixed Assets Administrator2,440 BGN-22%
Forensic Accountant2,810 BGN-10%
Fraud Detection Supervisor2,920 BGN-7%
Fraud Prevention Manager4,980 BGN+59%
Fund Accountant2,190 BGN-30%
Grants Coordinator1,760 BGN-44%
Green Finance Analyst3,620 BGN+16%
Group Financial Manager7,010 BGN+120%
Internal Auditor3,080 BGN-1%
Internal Control Adviser3,720 BGN+19%
Internal Control Officer2,130 BGN-32%
International Tax Director5,530 BGN+77%
Inventory Accountant2,370 BGN-24%
Investment Advisor6,330 BGN+100%
Investment Analyst4,820 BGN+54%
Investment Associate3,800 BGN+22%
Investment Broker3,830 BGN+23%
Investment Fund Manager5,220 BGN+67%
Investment Operations Manager5,270 BGN+69%
Investment Underwriter2,060 BGN-34%
Investor2,950 BGN-6%
Investor Relations Manager4,750 BGN+52%
KYC Team Leader4,630 BGN+48%
Loan Processor1,930 BGN-38%
Management Accountant2,710 BGN-13%
Management Economist5,500 BGN+76%
Paymaster1,870 BGN-40%
Payroll Administrator3,210 BGN+3%
Payroll Benefits Coordinator2,560 BGN-18%
Payroll Billing Manager4,370 BGN+40%
Payroll Clerk1,980 BGN-37%
Payroll Manager4,300 BGN+38%
Payroll Officer2,150 BGN-31%
Payroll Specialist2,410 BGN-23%
Payroll Supervisor3,100 BGN-1%
Pensions Administrator2,500 BGN-20%
Personal Financial Advisor3,350 BGN+7%
Pricing Analyst3,900 BGN+25%
Private Equity Analyst4,250 BGN+36%
Project Accountant2,540 BGN-19%
Proposal Development Coordinator2,100 BGN-33%
Quantitative Trader3,310 BGN+6%
Receivables Accountant2,250 BGN-28%
Regulatory Accountant2,520 BGN-19%
Retirement Plan Analyst3,770 BGN+21%
Revenue Management Specialist4,050 BGN+30%
Revenue Recognition Analyst4,300 BGN+38%
Risk Management Director5,460 BGN+75%
Risk Management Supervisor4,650 BGN+49%
Staff Accountant2,170 BGN-31%
Tax Accountant2,250 BGN-28%
Tax Administrator2,570 BGN-18%
Tax Advisor3,750 BGN+20%
Tax Analyst3,510 BGN+12%
Tax Associate2,090 BGN-33%
Tax Consultant3,780 BGN+21%
Tax Director5,670 BGN+81%
Tax Examiner2,550 BGN-18%
Tax Manager4,950 BGN+58%
Tax Research Manager4,630 BGN+48%
Teller1,400 BGN-55%
Treasury Accountant2,460 BGN-21%
Treasury Analyst3,960 BGN+27%
Underwriter1,720 BGN-45%
Underwriting Assistant1,510 BGN-52%
Vice President of Finance6,480 BGN+110%

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Bulgaria is 9% on average across all career fields.

Private Sector
3,140 BGN
Public Sector+9%
3,440 BGN
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Chartered Accountant in Bulgaria?

A good and competitive compensation would range anywhere between 2,920 BGN and 3,330 BGN. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Chartered Accountant in Bulgaria ranges from 1,530 BGN to 2,380 BGN. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


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