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Last Updated: April 27, 2024

Financial Institution Manager

59 635 лв. (BGN)/yr

28,67 лв. (BGN)/hr

5 009 лв. (BGN)/yr

The average financial institution manager gross salary in Bulgaria is 59 635 лв. or an equivalent hourly rate of 29 лв.. In addition, they earn an average bonus of 5 009 лв.. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Bulgaria. An entry level financial institution manager (1-3 years of experience) earns an average salary of 42 261 лв.. On the other end, a senior level financial institution manager (8+ years of experience) earns an average salary of 75 501 лв..

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ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.

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75 475 лв. (BGN)

27 %

Based on our compensation data, the estimated salary potential for Financial Institution Manager will increase 27 % over 5 years.

N/A

This chart displays the highest level of education for:
Financial Institution Manager, the majority at 53% with bachelors.

Typical Field of Study: Finance

See how education can impact your salary

Bulgaria

Cost of living is calculated based on accumulating the cost of food, transportation, health services, rent, utilities, taxes, and miscellaneous.

View Cost of Living Page

Bulgaria, officially the Republic of Bulgaria, is a country in Southeast Europe. Located west of the Black Sea and south of the Danube river, Bulgaria is bordered by Greece and Turkey to the south, Serbia and North Macedonia to the west, and Romania to the north. It covers a territory of 110,994 square kilometres (42,855 sq mi) and is the 16th largest country in Europe. Sofia is the nation's capital and largest city; other major cities include Burgas, Plovdiv, and Varna. One of the earliest societies...

Sourced from Wikipedia
Manages branch or office of financial institutions, such as commercial bank, credit union, finance company, mortgage company, savings bank, or trust company: directs and coordinates activities to implement institution policies, procedures, and practices concerning granting or extending lines of credit, commercial loans, real estate loans, and consumer credit loans. Directs, through subordinate supervisors, activities of workers engaged in implementing establishment... services and performing such functions as collecting delinquent accounts, authorizing loans, or opening savings account. Establishes procedures for custody and control of assets, records, loan collateral, and securities to ensure safekeeping. Contacts customers and business, community, and civic organizations to promote goodwill and generate new business. May prepare financial and regulatory reports required by law, regulations, and board of directors. May examine, evaluate, and process loan applications. May recommend securities to board or corporate officers for institution investment. May talk to customers to resolve account problems. May interview and hire workers. May evaluate data pertaining to costs to plan budget. May plan and develop methods and procedures for carrying out activities of establishment. May be designated according to type of financial institution managed, as manager, branch bank; manager, commercial bank; manager, credit union; manager, finance company; manager, mortgage company; manager, savings bank; manager, trust c. Read More

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Disclaimer

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ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.

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