A person working in Insurance in Czech Republic typically earns around 60,400 CZK. Salaries range from 22,700 CZK (lowest average) to 118,000 CZK (highest average, actual maximum salary is higher).
The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Insurance domain in Czech Republic exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.
| Job Title | Average Salary |
Salaries in Insurance in Czech Republic range from 22,700 CZK (starting average salary) to 118,000 CZK (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.
The median income in the field of Insurance is 55,200 CZK, implying that half of the workforce in Czech Republic earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.
Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Insurance in Czech Republic earn less than 42,700 CZK, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 66,800 CZK, while 25% earn more than that.
Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Insurance in Czech Republic. The analysis revealed that roughly 65% of all reported salaries fell within the range of 30,600 CZK to 51,700 CZK. Approximately 20% of salaries were below the 30,600 CZK mark, while 10% ranged from 51,700 CZK to 61,300 CZK. Only 5% of individuals earned a gross salary of 61,300 CZK or higher.