Precision Medicine Specialist Average Salary in Budapest 2024
How much money does a person working as Precision Medicine Specialist make in Budapest?
LOW
332,000
HUF AVERAGE
722,000
HUF HIGH
1,150,000
HUF
A person working as Precision Medicine Specialist in Budapest typically earns around 722,000 HUF. Salaries range from 332,000 HUF (lowest) to 1,150,000 HUF (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Precision Medicine Specialist salaries in Budapest vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Precision Medicine Specialist Pay Scale and Salaries in Budapest
Salary Structure and Pay Scale Comparison
685,000 HUF or more
600,000 to 685,000 HUF
413,000 HUF or less
413,000 to 600,000 HUF
 332,000 HUF |
690,000 HUF |
1,150,000 HUF |
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 Precision Medicine Specialist in Budapest range from 332,000 HUF (starting salary) to 1,150,000 HUF (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 690,000 HUF, half of the professionals who work as Precision Medicine Specialist in Budapest 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 Precision Medicine Specialist in Budapest earn less than 556,000 HUF, while 75% earn more. Similarly, the chart shows that 75% earn less than 795,000 HUF 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 Precision Medicine Specialist in Budapest compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 413,000 HUF to 600,000 HUF. About 20% of salaries are below the 413,000 HUF mark, while 10% fall within the range of 600,000 HUF to 685,000 HUF. Only 5% of individuals have salaries exceeding 685,000 HUF.
Salary Comparison by Years of Experience / Precision Medicine Specialist / Budapest
How do experience and age affect pay?
| 0 - 2 Years | 377,000 HUF | |
| 2 - 5 Years | +34% | 504,000 HUF |
| 5 - 10 Years | +48% | 744,000 HUF |
| 10 - 15 Years | +22% | 907,000 HUF |
| 15 - 20 Years | +9% | 989,000 HUF |
| 20+ Years | +8% | 1,070,000 HUF |
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 Precision Medicine Specialist and this is what we found.
Employees with less than two years of experience earn approximately 377,000 HUF.
While someone with an experience level between two and five years is expected to earn 504,000 HUF, 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 744,000 HUF, 48% 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 907,000 HUF, 22% 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 989,000 HUF, 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 1,070,000 HUF, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Precision Medicine Specialist / Budapest
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Precision Medicine Specialist.
| Certificate or Diploma | 463,000 HUF | |
| Bachelor's Degree | +18% | 544,000 HUF |
| Master's Degree | +45% | 789,000 HUF |
| PhD | +31% | 1,030,000 HUF |
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 Precision Medicine Specialist in order to make a comparison.
Level 1: Certificate or Diploma
Employees at this education level have an average salary of 463,000 HUF.
Level 2: Bachelor's Degree
At this level, the average salary becomes 544,000 HUF, 18% more than the previous level.
Level 3: Master's Degree
At this level, the average salary becomes 789,000 HUF, 45% more than the previous level.
Level 4: PhD
At this level, the average salary becomes 1,030,000 HUF, 31% 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 Hungary costs anywhere from 2,470,000 HUF to 7,420,000 HUF 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 / Precision Medicine Specialist / Budapest
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 Precision Medicine Specialist in Hungary, the average difference between the salary of male and female employees is 7%.
| Male | 633,000 HUF | |
| Female | -6% | 592,000 HUF |
Salary Comparison By Gender in Hungary for all Careers
Average Annual Salary Increment Percentage / Precision Medicine Specialist / Budapest
How much are annual salary increments in Budapest for individuals working as Precision Medicine Specialist? How often do employees get salary raises?
Individuals working as Precision Medicine Specialist in Hungary are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.
Hungary / 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 / Precision Medicine Specialist / Hungary
How much and how often are bonuses being awarded?
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100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
| Received Bonus | % | |
| No Bonus | 100% |
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 / Precision Medicine Specialist / Budapest
4,170 HUF per hourThe average hourly wage (pay per hour) for individuals working as Precision Medicine Specialist in Budapest is 4,170 HUF.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 Precision Medicine Specialist in Budapest is 1,920 HUF. 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 |
| Pharmaceutical and Biotechnology |  -100% | |
| Assistant Pharmacist | 425,000 HUF | -41% |
| Assistant Pharmacy Director | 846,000 HUF |  +17% |
| Associate Medical Affairs Director | 1,170,000 HUF | +62% |
| Bioethics Specialist | 617,000 HUF | -15% |
| Biofabrication Specialist | 643,000 HUF | -11% |
| Bioinformatics Scientist | 995,000 HUF | +38% |
| Bioinformatics Technician | 467,000 HUF | -35% |
| Biological Scientist | 1,110,000 HUF | +54% |
| Biological Technician | 481,000 HUF | -33% |
| Biomanufacturing Technician | 512,000 HUF | -29% |
| Biomarker Scientist | 707,000 HUF | -2% |
| Biomedical Electronics Technician | 416,000 HUF | -42% |
| Biomedical Engineer | 420,000 HUF | -42% |
| Biomedical Engineering Director | 828,000 HUF | +15% |
| Bioprocess Engineer | 540,000 HUF | -25% |
| Biostatistician | 681,000 HUF | -6% |
| Biotechnologist | 644,000 HUF | -11% |
| Biotechnology Lead Data Manager | 524,000 HUF | -27% |
| Cell Therapy Scientist | 900,000 HUF | +25% |
| Chemical Process Technician | 486,000 HUF | -33% |
| Clinical Consultant | 675,000 HUF | -7% |
| Clinical Data Manager | 673,000 HUF | -7% |
| Clinical Data Specialist | 628,000 HUF | -13% |
| Clinical Informatics Specialist | 493,000 HUF | -32% |
| Clinical Operations Manager | 941,000 HUF | +30% |
| Clinical Pharmacist | 682,000 HUF | -6% |
| Clinical Pharmacy Specialist | 826,000 HUF | +14% |
| Clinical Programmer | 350,000 HUF | -52% |
| Clinical Project Manager | 628,000 HUF | -13% |
| Clinical Research Associate | 557,000 HUF | -23% |
| Clinical Research Manager | 911,000 HUF | +26% |
| Clinical Study Manager | 797,000 HUF | +10% |
| Clinical Trials Compliance Officer | 1,160,000 HUF | +61% |
| Compliance Specialist | 675,000 HUF | -7% |
| Computational Chemist | 883,000 HUF | +22% |
| Cytology Laboratory Technologist | 531,000 HUF | -26% |
| Cytotechnologist | 540,000 HUF | -25% |
| Digital Biomarker Developer | 642,000 HUF | -11% |
| Digital Health Specialist | 580,000 HUF | -20% |
| Drug Safety Specialist | 733,000 HUF | +2% |
| GCP Auditor | 588,000 HUF | -19% |
| Gene Editing Compliance Officer | 850,000 HUF | +18% |
| Gene Editing Specialist | 695,000 HUF | -4% |
| Gene Therapy Researcher | 676,000 HUF | -6% |
| Hospital Pharmacy Technician | 518,000 HUF | -28% |
| Manufacturing Engineer | 562,000 HUF | -22% |
| Medical 3D Printing Specialist | 538,000 HUF | -25% |
| Medical Affairs Director | 1,070,000 HUF | +48% |
| Medical Device Compliance Specialist | 656,000 HUF | -9% |
| Medical Device Data Analyst | 634,000 HUF | -12% |
| Medical Device Designer | 628,000 HUF | -13% |
| Medical Representative | 430,000 HUF | -40% |
| Medical Science Liaison | 738,000 HUF | +2% |
| Medical Technology Writer | 482,000 HUF | -33% |
| Molecular and Cellular Biologist | 1,060,000 HUF | +47% |
| Nuclear Pharmacist | 700,000 HUF | -3% |
| Pharmaceutical Compliance Auditor | 968,000 HUF | +34% |
| Pharmaceutical Manager | 1,170,000 HUF | +62% |
| Pharmaceutical Manufacturing Lead | 1,260,000 HUF | +74% |
| Pharmaceutical Operations Excellence Manager | 1,080,000 HUF | +50% |
| Pharmaceutical Process Engineer | 613,000 HUF | -15% |
| Pharmaceutical Production Assistant Manager | 738,000 HUF | +2% |
| Pharmaceutical Project Manager | 703,000 HUF | -3% |
| Pharmaceutical Quality Auditor | 730,000 HUF | +1% |
| Pharmaceutical Regulatory Affairs Assistant | 532,000 HUF | -26% |
| Pharmaceutical Regulatory Affairs Manager | 739,000 HUF | +2% |
| Pharmaceutical Regulatory Affairs Specialist | 607,000 HUF | -16% |
| Pharmaceutical Representative | 465,000 HUF | -36% |
| Pharmaceutical Research Associate | 644,000 HUF | -11% |
| Pharmaceutical Research Scientist | 952,000 HUF | +32% |
| Pharmaceutical Researcher | 1,000,000 HUF | +38% |
| Pharmaceutical Sales and Marketing Manager | 833,000 HUF | +15% |
| Pharmaceutical Sales Manager | 926,000 HUF | +28% |
| Pharmaceutical Sales Representative | 428,000 HUF | -41% |
| Pharmaceutical Supply Chain Manager | 993,000 HUF | +38% |
| Pharmaceutical Team Leader | 739,000 HUF | +2% |
| Pharmaceutical Technologist | 483,000 HUF | -33% |
| Pharmacist | 679,000 HUF | -6% |
| Pharmacogenomics Expert | 799,000 HUF | +11% |
| Pharmacovigilance Analyst | 720,000 HUF | -0% |
| Pharmacy Aide | 441,000 HUF | -39% |
| Pharmacy Manager | 881,000 HUF | +22% |
| Pharmacy Stock Controller | 387,000 HUF | -46% |
| Pharmacy Technician | 387,000 HUF | -46% |
| Precision Medicine Compliance Analyst | 758,000 HUF | +5% |
| Precision Medicine Specialist | 722,000 HUF | -0% |
| Records Management Coordinator | 350,000 HUF | -52% |
| Shift Encapsulator | 407,000 HUF | -44% |
| Staff Pharmacist | 651,000 HUF | -10% |
| Synthetic Biologist | 774,000 HUF | +7% |
| Telepharmacy Technician | 406,000 HUF | -44% |
Salary Comparison By City
| City | Average Salary |
| Budapest | 722,000 HUF |
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 Hungary is 9% on average across all career fields.
| Private Sector | 476,000 HUF | |
| Public Sector | +9% | 518,000 HUF |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Precision Medicine Specialist in Budapest?
A good and competitive compensation would range anywhere between 690,000 HUF and 795,000 HUF. 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 Precision Medicine Specialist in Budapest ranges from 332,000 HUF to 556,000 HUF. 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
