Risk Officer Average Salary in Bulgaria 2024
How much money does a person working as Risk Officer make in Bulgaria?
LOW
1,690
BGN AVERAGE
3,670
BGN HIGH
5,840
BGN
A person working as Risk Officer in Bulgaria typically earns around 3,670 BGN. Salaries range from 1,690 BGN (lowest) to 5,840 BGN (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Risk Officer salaries in Bulgaria vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Risk Officer Pay Scale and Salaries in Bulgaria
Salary Structure and Pay Scale Comparison
3,490 BGN or more
3,050 to 3,490 BGN
2,100 BGN or less
2,100 to 3,050 BGN
 1,690 BGN |
3,510 BGN |
5,840 BGN |
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 Risk Officer in Bulgaria range from 1,690 BGN (starting salary) to 5,840 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 3,510 BGN, half of the professionals who work as Risk Officer 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 Risk Officer in Bulgaria earn less than 2,830 BGN, while 75% earn more. Similarly, the chart shows that 75% earn less than 4,050 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 Risk Officer in Bulgaria compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 2,100 BGN to 3,050 BGN. About 20% of salaries are below the 2,100 BGN mark, while 10% fall within the range of 3,050 BGN to 3,490 BGN. Only 5% of individuals have salaries exceeding 3,490 BGN.
Salary Comparison by Years of Experience / Risk Officer / Bulgaria
How do experience and age affect pay?
| 0 - 2 Years | 1,920 BGN | |
| 2 - 5 Years | +34% | 2,560 BGN |
| 5 - 10 Years | +48% | 3,790 BGN |
| 10 - 15 Years | +22% | 4,620 BGN |
| 15 - 20 Years | +9% | 5,030 BGN |
| 20+ Years | +8% | 5,450 BGN |
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 Risk Officer and this is what we found.
Employees with less than two years of experience earn approximately 1,920 BGN.
While someone with an experience level between two and five years is expected to earn 2,560 BGN, 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 3,790 BGN, 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 4,620 BGN, 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 5,030 BGN, 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 5,450 BGN, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Risk Officer / Bulgaria
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Risk Officer.
| High School | 2,350 BGN | |
| Certificate or Diploma | +18% | 2,770 BGN |
| Bachelor's Degree | +45% | 4,020 BGN |
| Master's Degree | +31% | 5,260 BGN |
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 Risk Officer in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 2,350 BGN.
Level 2: Certificate or Diploma
At this level, the average salary becomes 2,770 BGN, 18% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 4,020 BGN, 45% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 5,260 BGN, 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 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 and Compensation Comparison By Gender / Risk Officer / Bulgaria
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 Risk Officer in Bulgaria, the average difference between the salary of male and female employees is 9%.
| Male | 3,830 BGN | |
| Female | -8% | 3,520 BGN |
Salary Comparison By Gender in Bulgaria for all Careers
Average Annual Salary Increment Percentage / Risk Officer / Bulgaria
How much are annual salary increments in Bulgaria for individuals working as Risk Officer? How often do employees get salary raises?
Individuals working as Risk Officer in Bulgaria are likely to observe a salary increase of approximately 11% every 19 months. The national average annual increment for all professions combined is 7% granted to employees every 20 months.
Bulgaria / 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 / Risk Officer / Bulgaria
How much and how often are bonuses being awarded?
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69% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 31% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 0% to 4% of their annual salary.
| Received Bonus | 31% | |
| No Bonus | 69% |
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 / Risk Officer / Bulgaria
21 BGN per hourThe average hourly wage (pay per hour) for individuals working as Risk Officer in Bulgaria is 21 BGN.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 Risk Officer in Bulgaria is 10 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 Title | Average Salary |
| Executive and Management |  -100% | |
| Account Coordinator | 3,080 BGN | -16% |
| Account Director | 3,650 BGN | -1% |
| Account Executive | 3,680 BGN |  +0% |
| Account Manager | 3,520 BGN | -4% |
| Administration Manager | 3,600 BGN | -2% |
| Administration Officer | 1,980 BGN | -46% |
| Administration Supervisor | 3,200 BGN | -13% |
| Administrative Clerk | 1,460 BGN | -60% |
| Administrative Officer | 1,440 BGN | -61% |
| Area Director | 3,440 BGN | -6% |
| Area Manager | 3,660 BGN | -0% |
| Asset Protection Associate | 3,900 BGN | +6% |
| Assistant Director | 3,890 BGN | +6% |
| Assistant General Manager | 3,980 BGN | +8% |
| Assistant Manager | 4,000 BGN | +9% |
| Assistant Managing Director | 4,600 BGN | +25% |
| Assistant Operations Manager | 4,590 BGN | +25% |
| Assistant Project Manager | 4,060 BGN | +11% |
| Assistant Section Head | 3,260 BGN | -11% |
| Assistant to CEO | 3,560 BGN | -3% |
| Assistant Vice President | 4,150 BGN | +13% |
| Associate Account Director | 3,960 BGN | +8% |
| Associate Director | 4,010 BGN | +9% |
| Bid Manager | 4,270 BGN | +16% |
| Branch Manager | 4,350 BGN | +18% |
| Business Development Manager | 4,770 BGN | +30% |
| Business Operations Associate | 3,780 BGN | +3% |
| Business Operations Lead | 4,030 BGN | +10% |
| Campaign Manager | 4,370 BGN | +19% |
| Catering Coordinator | 2,330 BGN | -37% |
| Catering Manager | 3,710 BGN | +1% |
| CEO | 7,760 BGN | +110% |
| Chairman of The Board | 7,280 BGN | +98% |
| Chairman Office Manager | 4,950 BGN | +35% |
| Chief Commercial Officer | 5,220 BGN | +42% |
| Chief Corporate Officer | 6,220 BGN | +69% |
| Chief Digital Officer | 5,010 BGN | +36% |
| Chief Digital Strategy Officer | 5,290 BGN | +44% |
| Chief Digital Transformation Officer | 5,110 BGN | +39% |
| Chief Ethics Officer | 4,490 BGN | +22% |
| Chief Executive Officer | 7,850 BGN | +110% |
| Chief Financial Officer | 6,890 BGN | +88% |
| Chief Investment Officer | 5,360 BGN | +46% |
| Chief of Staff | 3,420 BGN | -7% |
| Chief Operating Officer | 5,510 BGN | +50% |
| Chief Privacy Officer | 4,560 BGN | +24% |
| Chief Resilience Officer | 5,400 BGN | +47% |
| Chief Risk Officer | 4,800 BGN | +31% |
| Chief Strategy Officer | 6,030 BGN | +64% |
| Chief Trust and Safety Officer | 4,920 BGN | +34% |
| Client Account Manager | 4,310 BGN | +17% |
| Client Accounts Officer | 3,760 BGN | +2% |
| Client Services Manager | 4,830 BGN | +31% |
| Commercial Director | 5,170 BGN | +41% |
| Commercial Manager | 4,390 BGN | +19% |
| Commercial Project Manager | 4,160 BGN | +13% |
| Commodity Broker | 2,980 BGN | -19% |
| COO | 5,450 BGN | +48% |
| Corporate Affairs Executive | 4,310 BGN | +17% |
| Corporate Compliance Director | 4,940 BGN | +34% |
| Corporate Director | 5,360 BGN | +46% |
| Corporate Officer | 3,660 BGN | -0% |
| Corporate Partnerships Officer | 3,630 BGN | -1% |
| Country Manager | 5,830 BGN | +59% |
| Department Head | 4,480 BGN | +22% |
| Department Manager | 4,630 BGN | +26% |
| Department Supervisor | 4,130 BGN | +12% |
| Deputy Director | 5,180 BGN | +41% |
| Deputy Manager | 5,200 BGN | +42% |
| Director | 5,980 BGN | +63% |
| Director of Accreditation | 5,020 BGN | +37% |
| Director of Catering Services | 4,660 BGN | +27% |
| Director of Client Services | 4,680 BGN | +27% |
| Director of Facilities Management | 3,990 BGN | +9% |
| Director of Operations | 4,770 BGN | +30% |
| Director of Process Simplification | 4,050 BGN | +10% |
| Director of Product Management | 4,950 BGN | +35% |
| Director of Project Management | 5,200 BGN | +42% |
| Director of Revenue Management | 4,730 BGN | +29% |
| Director of Training and Development | 5,000 BGN | +36% |
| Distribution Manager | 5,010 BGN | +36% |
| Division Manager | 4,210 BGN | +15% |
| Duty Manager | 4,390 BGN | +19% |
| Engagement Manager | 5,270 BGN | +43% |
| Executive Director | 7,450 BGN | +100% |
| Executive Manager | 6,330 BGN | +72% |
| Franchise Manager | 6,380 BGN | +74% |
| General Manager | 6,080 BGN | +65% |
| Generational Consultant | 3,940 BGN | +7% |
| Global Master Data Manager | 5,440 BGN | +48% |
| Global Technical Lead | 3,610 BGN | -2% |
| Head of Investment | 4,810 BGN | +31% |
| Head of Middle Office | 4,850 BGN | +32% |
| Head of Projects | 4,990 BGN | +36% |
| Head of Strategy | 5,420 BGN | +48% |
| Head of Supply Chain | 4,570 BGN | +24% |
| Head of Sustainability | 4,340 BGN | +18% |
| Housing Manager | 3,830 BGN | +4% |
| HSE Manager | 3,930 BGN | +7% |
| Innovation Manager | 4,220 BGN | +15% |
| Key Account Manager | 4,280 BGN | +16% |
| Knowledge Manager | 4,620 BGN | +26% |
| Location Manager | 4,540 BGN | +24% |
| Logistics Executive | 3,890 BGN | +6% |
| Logistics Manager | 3,980 BGN | +8% |
| Management Consultant | 3,860 BGN | +5% |
| Management Executive | 5,550 BGN | +51% |
| Manager | 4,990 BGN | +36% |
| Managing Director | 6,050 BGN | +65% |
| MIS Executive | 4,860 BGN | +32% |
| Ocean Services Manager | 5,220 BGN | +42% |
| Online Business Manager | 7,340 BGN | +100% |
| Operational Manager | 5,410 BGN | +47% |
| Operations Analyst | 4,360 BGN | +19% |
| Operations Assistant | 3,490 BGN | -5% |
| Operations Director | 5,660 BGN | +54% |
| Operations Executive | 5,390 BGN | +47% |
| Operations Manager | 5,750 BGN | +57% |
| Operations Supervisor | 4,410 BGN | +20% |
| Planning Director | 5,510 BGN | +50% |
| PMO Manager | 4,850 BGN | +32% |
| Policy Administration Executive | 4,270 BGN | +16% |
| Private Sector Executive | 4,630 BGN | +26% |
| Product Development Manager | 4,980 BGN | +36% |
| Product Executive | 4,340 BGN | +18% |
| Production Executive | 4,920 BGN | +34% |
| Production Manager | 4,950 BGN | +35% |
| Production Supervisor | 4,080 BGN | +11% |
| Program Director | 5,310 BGN | +45% |
| Program Manager | 5,450 BGN | +48% |
| Programme Coordinator | 3,650 BGN | -1% |
| Project Control Manager | 5,390 BGN | +47% |
| Project Coordinator | 3,120 BGN | -15% |
| Project Management Officer | 3,560 BGN | -3% |
| Project Manager | 3,780 BGN | +3% |
| Project Portfolio Manager | 4,160 BGN | +13% |
| Quality Manager | 4,210 BGN | +15% |
| R/D Director | 4,410 BGN | +20% |
| Regional Director | 6,700 BGN | +82% |
| Regional Manager | 5,250 BGN | +43% |
| Relationship Manager | 4,990 BGN | +36% |
| Retail District Manager | 3,500 BGN | -5% |
| Revenue Manager | 3,840 BGN | +5% |
| Risk and Capital Manager | 5,870 BGN | +60% |
| Risk Officer | 3,670 BGN | -0% |
| Safety Manager | 3,630 BGN | -1% |
| Section Head | 3,760 BGN | +2% |
| Service Manager | 3,910 BGN | +6% |
| Shift Supervisor | 3,130 BGN | -15% |
| Solutions Manager | 3,420 BGN | -7% |
| Supervisor | 3,210 BGN | -13% |
| Supply Chain Manager | 5,370 BGN | +46% |
| Surveyor | 3,450 BGN | -6% |
| Technical Director | 4,900 BGN | +33% |
| Technical Manager | 4,800 BGN | +31% |
| Territory Manager | 4,840 BGN | +32% |
| Validation Manager | 4,200 BGN | +14% |
| Vice President | 5,880 BGN | +60% |
| Zone Manager | 5,240 BGN | +43% |
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 |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Risk Officer in Bulgaria?
A good and competitive compensation would range anywhere between 3,510 BGN and 4,050 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 Risk Officer in Bulgaria ranges from 1,690 BGN to 2,830 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
