Leading managers in the Capital rank in the top positions of the highest paid salaries in Romania, earning up to 50 times more than the rest of the country. There is a great divergence in salaries among the leading managers from various counties, according to data provided to ZF, by the National Fiscal Administration Agency (ANAF).
Whereas the highest paid manager in Bucharest earns almost 110,000 euros in net amount per month, his counterpart from Vrancea, Calarasi or Dolj makes 50 times less.
Headhunter George Butunoiu believes the differences can be explained by the fact that the salaries of individuals in leading management positions are directly related to the turnover and profitability of the employer. "In Romania, most large organisations headquarters are based in Bucharest, with very few major companies situated outside Bucharest. The ratio between turnover or profit and a top manager's salary is the same ratio as in the rest of the country (i.e. as in the capital)," says Butunoiu.
The employees with the highest salaries in Romania are based in Bucharest, in sectors 2 and 3 respectively. These two sectors dominate the ranking for the highest incomes, which took into account the biggest three salaries reported to the tax authorities in 2005 (the most recent data available).
The best-paid manager in Romania was earning almost 110,000 euros in net amount every month from retail in 2005. Second and third were two managers from sector 2 of Bucharest, both with salary packages of more than 83,000 euros in net amount per month, and both working in the software development sector.
A food industry manager earned over 34,000 euros net salary per month in 2005. In turn, the financial-banking sector is one of the best-paying industries. The best-paid manager in the banking system had a monthly net salary package of 28,000 euros in 2005, wit
