HUNGARY

SALARY
GUIDE &
MARKET
INSIGHT

2015

REEDGLOBAL.HU
1

Introduction

Welcome to the Hungary Salary Guide & Market Insight

2015. This is a comprehensive report containing useful
reference material and guidance to assist you in the
increasingly complex task of recruiting and retaining
high-calibre talent.

Drawing upon independent research, the report provides valuable insights into the attitudes and
concerns of professionals in the Hungary today. I hope this guide provides you with helpful insights
and valuable guidance to assist you in dealing with the resourcing challenges our market may
present this year.
Our specialist consultants are always happy to meet with you and discuss how we may be able
to support you with your resourcing requirements, and answer any questions regarding particular
issues such as local market expectations and the depth of the talent pool.
We look forward to working with you throughout 2015.
Best wishes

Andrew Finlayson
Regional Managing Director, EMEA
REED

Methodology

Our Salary Guide and Market Insight report has been

compiled using data from the following sources:
Assignments managed by REED Hungary
Salary information from a cross-section of professionals registered with REED Hungary
The research was carried out using an online panel of 352 European employees and employers
working in a variety of industry sectors and job levels.

Hungary

2014 A Year In Review

While there are positive signs of better economic indicators feeding through to
support a more buoyant jobs market, there is still real pressure on satisfying
employer demand with suitably qualified, experienced and active candidates.
Shared Service Centres (SSCs) have become some of
the fastest growing and best performing businesses
in the Hungarian economy and currently employ
around 30,000 workers. A number of leading global
organisations including the likes of BT, BP, Citibank,
IBM and Vodafone, all operate centres in Hungary,
which is in turn, helping to attract further investment.
Thanks to this growth, which includes newcomers to
the market as well as existing companies, candidates
are firmly in the driving seat and can choose from a
range of roles.

Skills Gaps

The competition for outstanding talent is therefore

intensifying in Hungary and employers will have to
continue to look at their all-round offering to ensure
candidates are attracted. This should include benefits,
flexible working opportunities, training programmes
(especially around languages), home working and
clear long-term career planning in addition to the
salary package. These are the types of key criteria
that candidates will be judging organisations on and
businesses found wanting will continue to struggle to
recruit the expertise they require.

Year ahead

With more candidates now having a two or even three

month notice period, employers also need to ensure
that their recruitment processes are as efficient as
possible, setting the wheels in motion as soon as the
decision to recruit has been made. The speed around
candidate decisions is very important too and can often
be the difference between recruiting the right personnel
and losing them to a competitor.

Language skills, particularly English, French, German

and Nordic, continue to be recognised as an
increasingly important employee skill and those with
who speak two or more languages will certainly be
sought after. With a number of organisations looking
to drive overseas growth, candidates displaying foreign
language abilities as a willingness to re-locate for a role
will also benefit.

As businesses look to capitalise upon positive

economic signs, the level of job hires will continue on
its recent encouraging path as we enter 2015. Startups and investment plans will fuel this growth, with
the demand for technology specialists particularly
in mobile noticeable. The recent surge in salary
levels for such professionals will be maintained as
companies compete for essential resource. And
pressure to enhance salary levels will also be keenly
felt across other important sectors such as engineering
and pharmaceutical. Companies who can offer a
combination of attractive and competitive salaries
together with good benefits, a training ethos and career
progression will be in an excellent position to recruit
from what is generally recognised to be a shallow talent
pool.

Market
Research

The changing
workplace
We asked professionals how many times they had changed their employer.

1-3

TIMES

61%

4-6

TIMES

28%

7-10

TIMES

8%

10+
TIMES

0%

We asked those who changed their employer

what the main reason(s) for their change was.

36%

Career
Advancement

4%

Improved
work/life balance
6

19%

14%

11%

Lack of job
satisfaction

Better
compensation

Redundancy/
restructuring

6%

5%

3%

Other

Location move

Culture misfit with

boss/colleagues

17%

of professionals
are either Dissatisfied
or Very Dissatisfied in
their current roles.

Asking people to think about their working life,

we asked professionals whether they
had ever changed their career path.
HU N GARY

49%

E U ROPE

52%
47%

40%

38%

of professionals
are actively looking
for another job.

8%

4%
Yes, I have

No, but I plan to

in the future

No, and I dont plan

to in the future

We asked those in Hungary which one of the following they

would say is the most important aspect of their working life.

Job
security

Job
satisfaction

27%

16%
A good
work/life balance

(i.e. not having to work

too many hours)

18%

Compensation
& benefits

12%

Training
& Development

9%

Positive
company culture

12%

We asked professionals which of the following benefits they had received

in the last 12 months. More than one benefit could be chosen

58%

54%

53%
18%

FORMAL TRAINING

A BONUS

A PAY RISE

NONE

9%
OTHER BENEFITS

We asked those in Hungary to what extent they agreed or

disagreed that there is currently a skills gap within their organisation.

Agree

Disagree

76%

19%
Dont
know

5%
8

We asked people, if they had their time again after leaving

compulsory education, would they have taken a different career path?

H UN G ARY

66%

61%

EUR O P E

39%

34%

Yes, I would

No, I wouldnt

Of those that said they would have chosen a different career path, we asked which of
the following statements best applies. More than one statement could be chosen.

32%

36%

I would have
chosen a career
which offered better
long-term prospects
in terms of pay and
benefits

I would have selected a career

that I think would have given me
greater job satisfaction

11%

I would have chosen a

career with a lower salary
but better work life balance

11%

I would have delayed the

start of my career to allow
for more life experiences

7%

I would have chosen to

work for myself/ follow a
more entrepreneurial route

Accounting & Finance

Salary Figures

MIN (HUF)
MAX (HUF)
PER MONTH PER MONTH
(GROSS)
(GROSS)

Accountancy
ACCOUNTS ASSISTANT

320,000

JUNIOR ACCOUNTANT (1-3 YEARS)

300,000

450,000

ACCOUNTANT (4-6 YEARS)

400,000

600,000

FINANCIAL REPORTING ANALYST (4+ YEARS)

500,000

750,000

1,000,000

1,500,000

FINANCIAL REPORTING MANAGER

JUNIOR CONTROLLER

350,000

450,000

PRODUCT CONTROLLER (3+ YEARS)

400,000

550,000

FINANCIAL CONTROLLER (5 YEARS)

500,000

700,000

750,000

950,000

1,000,000

1,500,000

CHIEF ACCOUNTANT

600,000

850,000

PAYROLL ASSISTANT

300,000

500,000

FINANCIAL CONTROLLER (8 YEARS)

CONTROLLING MANAGER

INTERNAL AUDITOR

350,000

600,000

INTERNAL AUDITOR WITH REGIONAL RESPONSIBILITIES

500,000

800,000

INTERNAL AUDIT MANAGER

900,000

1,500,000

MIN (HUF)
MAX (HUF)
PER MONTH PER MONTH
(GROSS)
(GROSS)

Finance
FINANCIAL ANALYST

10

250,000

300,000

500,000

FP&A (3- YEARS)

450,000

600,000

FP&A MANAGER

900,000

1,600,000

PRICING ANALYST

400,000

650,000

PRICING MANAGER

600,000

800,000

FINANCE PROJECT LEAD

650,000

780,000

TAX ANALYST (INDIRECT, DIRECT)

280,000

500,000

TRANSFER PRICING ANALYST

450,000

680,000

TAX MANAGER

1,000,000

1,700,000

FINANCE MANAGER (2-4 YEARS PQE)

1,200,000

1,800,000

FINANCE DIRECTOR / CFO (6+ YEARS PQE)

1,500,000

2,500,000

MIN (HUF)
MAX (HUF)
PER MONTH PER MONTH
(GROSS)
(GROSS)

Banking/Insurance
CREDIT RISK ANALYST

400,000

650,000

COMPLIANCE SPECIALITS

580,000

780,000

FRAUD MANAGER

900,000

1,300,000

CREDIT RISK MANAGER

1,000,000

1,500,000

WORKOUT SPECIALIST

400,000

600,000

INVESTMENT ANALYST

300,000

500,000

PORTFOLIO ANALYST

400,000

600,000

TREASURY ASSOCIATE

400,000

550,000

TREASURY MANAGER

800,000

1,400,000

UNDERWRITER

430,000

600,000

CLAIMS MANAGER

780,000

1,100,000

ACTUARY

400,000

600,000

CHIEF ACTUARY

800,000

1,200,000

FAKTORING SPECIALIST

380,000

550,000

PROJECT MANAGER (LEAN, SIX SIGMA)

750,000

1,300,000

PRODUCT MANAGER

550,000

800,000

11

Executive Support
Salary Figures

MIN (HUF)
MAX (HUF)
PER MONTH PER MONTH
(GROSS)
(GROSS)

ADMINISTRATOR

180,000

250,000

EXECUTIVE ASSISTANT/PERSONAL ASSISTANT

350,000

550,000

LEGAL SECRETARY

300,000

500,000

OFFICE MANAGER

270,000

400,000

RECEPTIONIST

180,000

250,000

SENIOR ADMINISTRATOR

200,000

330,000

Human Resources
Salary Figures
MIN (HUF)
MAX (HUF)
PER MONTH PER MONTH
(GROSS)
(GROSS)

500,000

700,000

COMPENSATION AND BENEFITS MANAGER (5+ YEARS, REGIONAL ROLE)

800,000

1,000,000

EMPLOYEE RELATIONS MANAGER

400,000

600,000

HR BUSINESS PARTNER

500,000

800,000

COMPENSATION AND BENEFITS MANAGER ( 3 - 5 YEARS)

HR ADVISOR

300,000

500,000

HR ANALYST

250,000

350,000

HR ASSISTANT

250,000

350,000

HR CONSULTANT

400,000

600,000

HR MANAGER

700,000

1,200,000

HR DIRECTOR

1,000,000

1,500,000

500,000

700,000

LEARNING & DEVELOPMENT MANAGER

12

RECRUITMENT MANAGER

500,000

800,000

TRAINING OFFICER

300,000

500,000

TRAINING MANAGER

500,000

700,000

Engineering
Salary Figures

MIN (HUF)
MAX (HUF)
PER MONTH PER MONTH
(GROSS)
(GROSS)

Engineering
QUALITY ENGINEER

280,000

550,000

PROCESS ENGINEER

280,000

550,000

PRODUCTION MANAGER

700,000

1,000,000

DESIGN ENGINEER

250,000

800,000

MAINTENANCE ENGINEER

280,000

700,000

PRODUCT SUPPORT ENGINEER

300,000

550,000

MECHANICAL ENGINEER

280,000

550,000

ELECTRICAL ENGINEER

280,000

850,000

PROJECT ENGINEER

400,000

700,000

MATERIAL ENGINEER

350,000

600,000

TEST ENGINEER

300,000

550,000

CHEMICAL ENGINEER

230,000

500,000

PROJECT MANAGER

700,000

1,000,000

CNC ENGENEER (SPECIALIST)

550,000

800,000

MOLDING ENGINEER

550,000

800,000

AUTOMATION ENGINEER

500,000

650,000

SERVICE ENGINEER

500,000

600,000

PLC ENGINEER

500,000

700,000

SALES ENGINEER

350,000

600,000

MIN (HUF)
MAX (HUF)
PER MONTH PER MONTH
(GROSS)
(GROSS)

Other Roles
PURCHASER/BUYER

350,000

800,000

DISTRIBUTION MANAGER

800,000

1,000,000

13

Multilingual Shared
Service Centres (SSCs) Salary Figures

MIN (HUF)
MAX (HUF)
PER MONTH PER MONTH
(GROSS)
(GROSS)

Accountancy & Finance roles

JUNIOR ACCOUNTANT (WITH ENGLISH ONLY )

14

250,000

350,000

JUNIOR ACCOUNTANT (MULTILINGUAL)

280,000

380,000

SENIOR ACCOUNTANT

450,000

650,000

ACCOUNTS PAYABLE/RECEIVABLE (WITH ENGLISH ONLY )

250,000

400,000

ACCOUNTS PAYABLE/RECEIVABLE (MULTILINGUAL)

280,000

430,000

BILLING ASSOCIATE (ENGLISH/MULTILINGUAL)

250,000

350,000

TREASURY ACCOUNTANT (ENGLISH/MULTILINGUAL)

270,000

370,000

INTERCOMPANY ACCOUNTANT (ENGLISH/MULTILINGUAL)

250,000

350,000

TEAM LEADER OF AP/AR

450,000

700,000

MANAGER OF AP/AR

700,000

1,000,000

CASH COLLECTION/COLLECTORS (WITH ENGLISH ONLY)

280,000

380,000

CASH COLLECTION/COLLECTORS (MULTILINGUAL)

350,000

450,000

CREDIT ANALYST (ENGLISH/MULTILINGUAL)

280,000

380,000

CASH COLLECTION SUBJECT MATTER EXPERT

500,000

650,000

SENIOR CREDIT AND COLLECTION SPECIALIST

550,000

750,000

CREDIT AND CC MANAGER

850,000

1,200,000

HEAD OF ACCOUNTING DEPARTMENT

850,000

1,400,000

PAYROLL SPECIALIST

250,000

400,000

SENIOR PAYROLL SPECIALIST

350,000

550,000

PAYROLL MANAGER

800,000

1,000,000

VAT/TAX ACCOUNTANT

380,000

450,000

VAT COMPLIANCE (MANAGER)

600,000

900,000

TAX MANAGER

750,000

1,000,000

JUNIOR AUDITOR

380,000

450,000

SENIOR AUDITOR

450,000

600,000

INTERNAL AUDITOR

600,000

750,000

FINANCIAL ANALYST/CONTROLLER

450,000

650,000

REVENUE ALLOCATION SPECIALIST

450,000

550,000

PRICING SPECIALIST

450,000

650,000

MIN (HUF)
MAX (HUF)
PER MONTH PER MONTH
(GROSS)
(GROSS)

Customer Service Roles

CUSTOMER SERVICE REPRESENTATIVE (WITH ENGLISH ONLY)

250,000

350,000

CUSTOMER SERVICE REPRESENTATIVE (MULTILINGUAL)

280,000

420,000

SENIOR CUSTOMER SERVICE REPRESENTATIVE

380,000

480,000

CS TEAM LEADER

450,000

650,000

CUSTOMER SERVICE MANAGER

700,000

900,000

SERVICE DELIVERY MANAGER

850,000

1,200,000

IT HELP DESK OPERATOR L1 (WITH ENGLISH ONLY)

200,000

350,000

IT HELP DESK OPERATOR L1 (MULTILINGUAL)

300,000

400,000

IT HELP DESK OPERATOR L2 (WITH ENGLISH ONLY)

400,000

450,000

IT HELP DESK OPERATOR L2 (MULTILINGUAL)

450,000

550,000

IT HELP DESK OPERATOR L3

550,000

750,000

SERVICE ENGINEER

450,000

550,000

MIN (HUF)
MAX (HUF)
PER MONTH PER MONTH
(GROSS)
(GROSS)

Supply Chain and Logistics

ORDER MANAGEMENT (WITH ENGLISH ONLY)

300,000

380,000

ORDER MANAGEMENT (MULTILINGUAL)

360,000

450,000

LOGISTICS ASSISTANT

350,000

450,000

INVENTORY ANALYST

400,000

550,000

SUPPLY CHAIN PLANNER

450,000

550,000

PROCUREMENT ASSISTANT

320,000

380,000

BUYER

380,000

500,000

STRATEGIC SOURCER

450,000

650,000

REGIONAL STRATEGIC SOURCER

500,000

750,000

SOURCING MANAGER

850,000

1,200,000

15

MIN (HUF)
MAX (HUF)
PER MONTH PER MONTH
(GROSS)
(GROSS)

Various SSC / BPO Positions

PROCESS SPECIALIST

400,000

600,000

TRANSITION/PROJECT MANAGER

700,000

1,200,000

SIX SIGMA / LEAN EXPERTS / CONSULTANTS

700,000

1,200,000

1,500,000

2,800,000

HR ADMINISTRATOR (ENGLISH/MULTILINGUAL)

250,000

350,000

HR CONSULTANT

350,000

500,000

RECRUITMENT SPECIALIST

350,000

500,000

TRAINING COORDINATOR

400,000

600,000

SHARED SERVICE DIRECTOR

16

LEARNING&DEVELOPMENT SPECIALIST

500,000

700,000

HR MANAGER/BUSINESS PARTNER

500,000

850,000

HR DIRECTOR

900,000

1,500,000

INSIDE SALES REPRESENTATIVE

300,000

400,000

INSIDE SALES SUPERVISOR

450,000

600,000

INSIDE SALES MANAGER

700,000

900,000

SALES SUPPORT ANALYST

270,000

350,000

SALES SUPPORT SPECIALIST

300,000

380,000

BID MANAGER

270,000

380,000

MASTER DATA ADMINISTRATOR

250,000

350,000

DATA ANALYST

300,000

350,000

BUSINESS INTELLIGENCE ANALYST (1-3 YEARS)

450,000

600,000

BUSINESS INTELLIGENCE ANALYST (4+ YEARS)

600,000

950,000

PROJECT MANAGER (1-3 YEARS)

500,000

600,000

PROJECT MANAGER (4+ YEARS)

650,000

1,200,000

Technology
Salary Figures

MIN (HUF)
MAX (HUF)
PER MONTH PER MONTH
(GROSS)
(GROSS)

550,000

900,000

INFORMATION SECURITY

600,000

1,300,000

IT HELPDESK SUPPORT

350,000

600,000

IT MANAGER

800,000

1,100,000

IT PROJECT MANAGER

700,000

1,000,000

DEVELOPER (APPLICATIONS)

IT SYSTEMS ENGINEER/ADMINISTRATOR

550,000

850,000

NETWORK ENGINEER

650,000

900,000

PROGRAMMER/DEVELOPER

550,000

1,400,000

SENIOR DEVELOPER

800,000

1,200,000

SYSTEMS SUPPORT

400,000

850,000

MOBILE DEVELOPER

700,000

1,400,000

EMBEDDED DEVELOPER

550,000

900,000

TEST ENGINEER

550,000

900,000

NETWORK ARCHITECT

800,000

1,300,000

17

Sales & Marketing

Salary Figures

MIN (HUF)
MAX (HUF)
PER MONTH PER MONTH
(GROSS)
(GROSS)

ACCOUNT MANAGER

400,000

700,000

BRAND MANAGER

400,000

600,000

CUSTOMER SERVICE REPRESENTATIVE

300,000

400,000

MARKET RESEARCH MANAGER

350,000

600,000

MARKETING DIRECTOR

700,000

1,000,000

MARKETING EXECUTIVE

500,000

700,000

MARKETING MANAGER

600,000

900,000

PRODUCT MANAGER

500,000

650,000

PUBLIC RELATIONS MANAGER

400,000

650,000

SALES DIRECTOR

700,000

1,000,000

SALES EXECUTIVE

450,000

650,000

SALES MANAGER

450,000

800,000

SENIOR BRAND MANAGER

500,000

800,000

MIN (HUF)
MAX (HUF)
PER MONTH PER MONTH
(GROSS)
(GROSS)

Sales

18

SALES REPRESENTATIVE

250,000

400,000

JUNIOR KEY ACCOUNT MANAGER

300,000

500,000

KEY ACCOUNT MANAGER

550,000

800,000

SALES MANAGER

700,000

1,200,000

SALES DIRECTOR

1,200,000

1,600,000

MIN (HUF)
MAX (HUF)
PER MONTH PER MONTH
(GROSS)
(GROSS)

Marketing
MARKETING SPECIALIST

300,000

500,000

MARKETING MANAGER

750,000

1,000,000

MARKETING DIRECTOR

1,000,000

1,500,000

SENIOR BRAND/PRODUCT MANAGER

700,000

1,000,000

JUNIOR BRAND/PRODUCT MANAGER

400,000

700,000

TRADE MARKETING MANAGER

600,000

800,000

TRADE MARKETING SPECIALIST

350,000

500,000

MARKET RESEARCH MANAGER

500,000

700,000

MARKET RESEARCH ANALYST

300,000

500,000

MIN (HUF)
MAX (HUF)
PER MONTH PER MONTH
(GROSS)
(GROSS)

Communication
PR MANAGER

500,000

800,000

PR SPECIALIST

350,000

500,000

MIN (HUF)
MAX (HUF)
PER MONTH PER MONTH
(GROSS)
(GROSS)

Retail
REGIONAL STORE MANAGER

700,000

1,200,000

STORE MANAGER

500,000

800,000

SALES ASSISTANT

250,000

400,000

19

Accounting & Finance, Banking, Engineering,

Healthcare, Human Resources, Insurance,
Multilingual Shared Services, Property & Construction,
Sales & Marketing, Technology
reedglobal.hu

REED Specialist Recruitment Hungary

@reedglobal

20

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