Health Economist Average Salary in Belgium 2024
How much money does a person working as Health Economist make in Belgium?
LOW
7,620
EUR AVERAGE
14,700
EUR HIGH
22,400
EUR
A person working as Health Economist in Belgium typically earns around 14,700 EUR. Salaries range from 7,620 EUR (lowest) to 22,400 EUR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Health Economist salaries in Belgium vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Health Economist Pay Scale and Salaries in Belgium
Salary Structure and Pay Scale Comparison
13,300 EUR or more
11,800 to 13,300 EUR
8,630 EUR or less
8,630 to 11,800 EUR
 7,620 EUR |
13,300 EUR |
22,400 EUR |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Health Economist in Belgium range from 7,620 EUR (starting salary) to 22,400 EUR (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 13,300 EUR, half of the professionals who work as Health Economist in Belgium 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 Health Economist in Belgium earn less than 11,100 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 15,100 EUR 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 Health Economist in Belgium compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 8,630 EUR to 11,800 EUR. About 20% of salaries are below the 8,630 EUR mark, while 10% fall within the range of 11,800 EUR to 13,300 EUR. Only 5% of individuals have salaries exceeding 13,300 EUR.
Salary Comparison by Years of Experience / Health Economist / Belgium
How do experience and age affect pay?
| 0 - 2 Years | 8,660 EUR | |
| 2 - 5 Years | +34% | 11,600 EUR |
| 5 - 10 Years | +30% | 15,100 EUR |
| 10 - 15 Years | +21% | 18,300 EUR |
| 15 - 20 Years | +9% | 20,000 EUR |
| 20+ Years | +5% | 21,000 EUR |
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 Health Economist and this is what we found.
Employees with less than two years of experience earn approximately 8,660 EUR.
While someone with an experience level between two and five years is expected to earn 11,600 EUR, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 15,100 EUR, 30% 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 18,300 EUR, 21% 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 20,000 EUR, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 21,000 EUR, 5% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Health Economist / Belgium
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Health Economist.
| Bachelor's Degree | 11,200 EUR | |
| Master's Degree | +24% | 13,800 EUR |
| PhD | +60% | 22,100 EUR |
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 Health Economist in order to make a comparison.
Level 1: Bachelor's Degree
Employees at this education level have an average salary of 11,200 EUR.
Level 2: Master's Degree
At this level, the average salary becomes 13,800 EUR, 24% more than the previous level.
Level 3: PhD
At this level, the average salary becomes 22,100 EUR, 60% 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 Belgium costs anywhere from 30,800 EUR to 92,500 EUR 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 and Compensation Comparison By Gender / Health Economist / Belgium
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 Health Economist in Belgium, the average difference between the salary of male and female employees is 6%.
| Male | 15,100 EUR | |
| Female | -5% | 14,300 EUR |
Salary Comparison By Gender in Belgium for all Careers
Average Annual Salary Increment Percentage / Health Economist / Belgium
How much are annual salary increments in Belgium for individuals working as Health Economist? How often do employees get salary raises?
Individuals working as Health Economist in Belgium are likely to observe a salary increase of approximately 13% every 17 months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.
Belgium / All Professions
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
Worldwide Salary Raises: All Countries and All Jobs
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 / Health Economist / Belgium
How much and how often are bonuses being awarded?
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17% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 83% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.
| Received Bonus | 83% | |
| No Bonus | 17% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 Generators | Supporting 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: | Example: |
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.
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 / Health Economist / Belgium
85 EUR per hourThe average hourly wage (pay per hour) for individuals working as Health Economist in Belgium is 85 EUR.This is the rate they get paid for every worked hour.
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 Health Economist in Belgium is 44 EUR. 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 Title | Average Salary |
| Health and Medical |  -100% | |
| Administrative Director | 10,300 EUR | -30% |
| Admitting Clerk | 2,400 EUR | -84% |
| Admitting Manager | 6,300 EUR | -57% |
| Admitting Representative | 3,020 EUR | -79% |
| Breast Center Manager | 17,800 EUR |  +21% |
| Cardiology Manager | 18,200 EUR | +24% |
| Care Coordinator | 3,300 EUR | -77% |
| Certified Medical Assistant | 3,950 EUR | -73% |
| Chief Clinical Transformation Officer | 10,700 EUR | -27% |
| Chief Genomics Officer | 13,500 EUR | -8% |
| Chief Mental Health Officer | 17,000 EUR | +16% |
| Chief Neurotechnology Officer | 18,000 EUR | +23% |
| Chief of Psychology | 18,800 EUR | +28% |
| Chief Population Health Officer | 14,200 EUR | -3% |
| Clinical Director | 15,900 EUR | +9% |
| Clinical Policy Developer | 5,600 EUR | -62% |
| Coding Practice Manager | 7,010 EUR | -52% |
| Community Organizer | 3,480 EUR | -76% |
| Community Relations Manager | 6,470 EUR | -56% |
| Credentialing Analyst | 5,180 EUR | -65% |
| Data Coordinator | 3,160 EUR | -78% |
| Director of Medical Staff Services | 10,700 EUR | -27% |
| Discharge Coordinator | 2,900 EUR | -80% |
| Emergency Management Director | 14,100 EUR | -4% |
| Emergency Services Director | 16,200 EUR | +11% |
| ER Registration Supervisor | 4,350 EUR | -70% |
| Food Services Director | 7,260 EUR | -50% |
| Health Compliance Director | 14,500 EUR | -1% |
| Health Compliance Manager | 9,020 EUR | -38% |
| Health Data Privacy Officer | 7,510 EUR | -49% |
| Health Economist | 14,700 EUR | +0% |
| Health Information Management Specialist | 5,910 EUR | -60% |
| Health Information Manager | 7,540 EUR | -49% |
| Health Services Manager | 12,700 EUR | -13% |
| Health Technology Consultant | 7,250 EUR | -51% |
| Healthcare Analytics Manager | 8,280 EUR | -43% |
| HealthTech Regulatory Consultant | 6,320 EUR | -57% |
| Home Health Scheduler | 3,470 EUR | -76% |
| Intake Coordinator | 3,320 EUR | -77% |
| Lead Patient Account Representative | 5,510 EUR | -62% |
| Managed Care Assistant | 3,200 EUR | -78% |
| Maternity Services Director | 13,200 EUR | -10% |
| Medical Administrator | 7,170 EUR | -51% |
| Medical Assistant | 3,410 EUR | -77% |
| Medical Billing Clerk | 2,880 EUR | -80% |
| Medical Billing Specialist | 5,790 EUR | -60% |
| Medical Director | 13,700 EUR | -7% |
| Medical Equipment Maintenance Manager | 5,940 EUR | -59% |
| Medical Insurance Manager | 9,620 EUR | -34% |
| Medical Office Administrator | 5,570 EUR | -62% |
| Medical Office Manager | 10,100 EUR | -31% |
| Medical Policy Manager | 9,080 EUR | -38% |
| Medical Policy Specialist | 5,300 EUR | -64% |
| Medical Project Coordinator | 4,050 EUR | -72% |
| Medical Records Administrator | 4,130 EUR | -72% |
| Medical Records Clerk | 2,290 EUR | -84% |
| Medical Records Coding Manager | 7,430 EUR | -49% |
| Medical Records Director | 8,670 EUR | -41% |
| Medical Records Specialist | 4,160 EUR | -72% |
| Medical Records Transcriptionist | 3,350 EUR | -77% |
| Medical Secretary | 3,550 EUR | -76% |
| Medical Staff Services Specialist | 6,650 EUR | -55% |
| Patient Account Represenatative | 4,960 EUR | -66% |
| Population Health Manager | 10,400 EUR | -29% |
| Practice Manager | 11,300 EUR | -23% |
| Program Coordinator | 3,210 EUR | -78% |
| Project Manager | 7,420 EUR | -49% |
| Quality Assurance Manager | 8,280 EUR | -43% |
| Radiology Manager | 15,800 EUR | +8% |
| Registered Medical Assistant | 3,660 EUR | -75% |
| Rehabilitation Director | 14,000 EUR | -4% |
| Rehabilitation Services Manager | 14,300 EUR | -2% |
| Treatment Services Director | 16,900 EUR | +15% |
| Ward Manager | 8,680 EUR | -41% |
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 Belgium is 5% on average across all career fields.
| Private Sector | 6,020 EUR | |
| Public Sector | +5% | 6,340 EUR |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Health Economist in Belgium?
A good and competitive compensation would range anywhere between 13,300 EUR and 15,100 EUR. 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 Health Economist in Belgium ranges from 7,620 EUR to 11,100 EUR. 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
