Salary in Hungary - how much specialists earn

2024-10-24
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Salaries in Hungary continue to attract the attention of locals and foreign professionals alike. A country with a growing economy and low unemployment rates offers a wide range of opportunities in different sectors. In this article we will look at what salaries in Hungary are for professionals, explore the factors that influence salary levels and in which professions you can expect to earn a high income. Whether it's IT, medicine, engineering or services - each industry has its own peculiarities, and we will help you to understand this issue.

Average salary in Hungary for professionals

The average salary in Hungary for professionals depends on many factors such as industry, qualifications, work experience and region of residence. In 2024, the average monthly income of workers is around 450,000 forints (about 1,200 euros). However, it is worth noting that this figure can vary significantly depending on the professional field.

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Which fields earn more?

Information technology, medicine, engineering and finance remain some of the highest paid fields in Hungary. For example, IT professionals such as software developers can earn between 600,000 and 1,000,000 forints per month (1,600-2,700 euros), depending on experience and job level. This field continues to grow rapidly and salaries are often adjusted upwards due to the high demand for skilled professionals and global competition for talent. In addition to developers, high salaries are earned by system architects and DevOps engineers, whose incomes can exceed HUF 1,200,000 per month (about EUR 3,200).

The medical field also stands out with high salaries, especially for doctors working in private clinics or in specialized areas such as surgery, cardiology or dentistry. Doctors earn between 800,000 and 1,500,000 forints per month (2,100-4,100 euros). Subspecialists, such as anesthesiologists and plastic surgeons, can earn even more, especially if they have considerable experience and authority in their field. Doctors in public institutions earn less, but the public health system offers stable working conditions, which for some may compensate for lower salaries.

Engineering is also at the top of the pay scale. Highly qualified engineers, especially in fields such as mechanical, electrical and design engineering, can expect to earn between 700,000 and 1,200,000 forints (1,850-3,200 euros). An important factor affecting salaries is working for international companies that are willing to pay above the market average to attract and retain the best talent. In addition, engineers working on large infrastructure or manufacturing projects often receive additional bonuses and bonuses, which also significantly increases their income.

The financial industry, including banking, auditing and investment professions, remains stable and highly lucrative. Financial analysts, investment managers and accountants with international certifications such as CFA or ACCA can earn between 700,000 and 1,300,000 forints (1,850-3,500 euros). In this industry, the level of income is closely related to the level of responsibility and experience. Top managers of large financial institutions, such as risk directors or CFOs, can earn significantly more, reaching incomes of over HUF 2,000,000 (EUR 5,400) per month.

Thus, Hungarian professionals working in these high-income sectors can expect stable salary increases and good career development opportunities, especially in a globalized and open labor market.

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Influence of experience and qualifications

Salary levels in Hungary are directly related to qualifications and experience. Young professionals can expect starting salaries close to the national average, while more experienced employees with high qualifications or rare skills can earn significantly more. For example, an engineer with 10 years of experience or an internationally certified financial analyst can earn two or even three times more than the average employee.

Regional Differences

Region also plays an important role in salary levels. In Hungary's capital, Budapest, where large companies and international organizations are concentrated, average salaries tend to be higher than in provincial cities and regions. Professionals in Budapest can earn 20-30% more than in other parts of the country due to the large number of job openings, high level of competition and higher skill requirements.

How are industry trends affected?

Salaries are also affected by global and national trends in various industries. For example, the information technology sector continues to grow strongly, creating a skills shortage, which leads to higher salaries. On the other hand, in sectors with lower demand, such as retail or catering, salaries remain below the national average, forcing employees in these areas to seek opportunities to retrain and increase their income.

Thus, the average salary in Hungary for professionals can vary significantly depending on many factors, but the overall trend shows a steady increase in income in key sectors of the economy.

Obtaining a residence permit in Hungary

Obtaining a residence permit in Hungary through investment is a convenient and fast way to become a resident of the European Union. One World Migration offers full support in the process of obtaining residence permit through investment program. By investing in real estate or the economy of the country, you get the opportunity to live and work in Hungary, as well as travel in the Schengen zone without restrictions. The company provides comprehensive services, including legal advice, execution of all necessary documents and support at all stages.

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