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Executive and Management Average Salaries in Luxembourg 2021

How much money does a person working in Executive and Management make in Luxembourg?

Average Monthly Salary
6,650 EUR
( 79,800 EUR yearly)


A person working in Executive and Management in Luxembourg typically earns around 6,650 EUR per month. Salaries range from 2,190 EUR (lowest average) to 11,000 EUR (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Executive and Management careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Salaries for specific jobs

Job TitleAverage Salary
Account Coordinator4,570 EUR
Administration Manager5,480 EUR
Area Manager5,380 EUR
Asset Protection Associate5,970 EUR
Assistant Director5,610 EUR
Assistant Manager6,340 EUR
Assistant Operations Manager6,560 EUR
Assistant Project Manager5,870 EUR
Assistant Section Head4,630 EUR
Assistant to CEO5,570 EUR
Assistant Vice President6,410 EUR
Associate Director5,640 EUR
Bid Manager6,350 EUR
Branch Manager6,120 EUR
Business Development Manager7,190 EUR
Business Operations Associate6,020 EUR
Business Operations Lead5,760 EUR
Campaign Manager6,660 EUR
Chairman of The Board10,700 EUR
Chairman Office Manager7,190 EUR
Chief Corporate Officer9,290 EUR
Chief Executive Officer11,000 EUR
Chief Financial Officer9,830 EUR
Chief of Staff5,380 EUR
Chief Operating Officer8,440 EUR
Chief Risk Officer6,890 EUR
Client Services Manager7,070 EUR
Commercial Project Manager5,820 EUR
Commodity Broker4,690 EUR
Corporate Affairs Executive6,520 EUR
Corporate Compliance Director7,500 EUR
Corporate Director7,300 EUR
Corporate Officer4,990 EUR
Corporate Partnerships Officer5,440 EUR
Country Manager8,530 EUR
Deputy Director7,740 EUR
Director8,970 EUR
Director of Accreditation7,440 EUR
Director of Catering Services6,850 EUR
Director of Client Services7,190 EUR
Director of Facilities Management5,820 EUR
Director of Operations7,070 EUR
Director of Process Simplification6,020 EUR
Director of Project Management7,420 EUR
Director of Revenue Management6,880 EUR
Director of Training and Development7,190 EUR
Distribution Manager7,880 EUR
Division Manager6,230 EUR
Duty Manager6,440 EUR
Engagement Manager7,680 EUR
Executive Director10,500 EUR
Executive Manager9,350 EUR
Franchise Manager9,260 EUR
General Manager8,530 EUR
Global Master Data Manager7,810 EUR
Head of Middle Office6,710 EUR
Head of Projects7,130 EUR
Head of Sustainability6,000 EUR
Housing Manager5,700 EUR
HSE Manager6,190 EUR
Key Account Manager5,940 EUR
Knowledge Manager7,370 EUR
Location Manager7,170 EUR
Logistics Manager5,670 EUR
Management Consultant5,940 EUR
Management Executive8,260 EUR
Manager7,690 EUR
Managing Director9,230 EUR
MIS Executive7,310 EUR
Ocean Services Manager7,420 EUR
Operations Assistant5,170 EUR
Operations Director7,960 EUR
Operations Executive7,920 EUR
Operations Manager7,960 EUR
Operations Supervisor6,590 EUR
Policy Administration Executive6,530 EUR
Private Sector Executive6,620 EUR
Product Development Manager7,310 EUR
Product Executive6,730 EUR
Production Executive7,370 EUR
Production Manager7,750 EUR
Production Supervisor6,220 EUR
Program Manager7,620 EUR
Programme Coordinator5,110 EUR
Project Control Manager7,620 EUR
Project Coordinator4,740 EUR
Project Management Officer5,050 EUR
Project Manager5,630 EUR
Project Portfolio Manager5,850 EUR
Quality Manager6,210 EUR
R/D Director6,850 EUR
Regional Director9,800 EUR
Regional Manager7,750 EUR
Relationship Manager7,250 EUR
Retail District Manager5,180 EUR
Revenue Manager5,790 EUR
Risk and Capital Manager8,500 EUR
Risk Officer5,830 EUR
Safety Manager5,480 EUR
Section Head5,890 EUR
Service Manager5,700 EUR
Shift Supervisor4,630 EUR
Solutions Manager5,450 EUR
Supervisor4,630 EUR
Supply Chain Manager7,540 EUR
Surveyor4,990 EUR
Technical Manager7,370 EUR
Territory Manager7,250 EUR
Validation Manager6,380 EUR
Vice President9,290 EUR
Zone Manager7,420 EUR

Executive and Management Jobs Salary Distribution in Luxembourg

Median and salary distribution monthly Luxembourg Executive and Management
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The median, the maximum, the minimum, and the range

  • Salary Range

    Executive and Management salaries in Luxembourg range from 2,190 EUR per month (minimum average salary) to 11,000 EUR per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 6,390 EUR per month, which means that half (50%) of people working in Executive and Management are earning less than 6,390 EUR while the other half are earning more than 6,390 EUR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Executive and Management are earning less than 3,860 EUR while 75% of them are earning more than 3,860 EUR. Also from the diagram, 75% of people working in Executive and Management are earning less than 8,330 EUR while 25% are earning more than 8,330 EUR.

What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.

Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.
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Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.

Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.

Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Luxembourg costs anywhere from 24,600 Euro(s) to 73,700 Euro(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Executive and Management Salary Comparison By Gender

Salary comparison by gender monthly Luxembourg Executive and Management
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Luxembourg who work in Executive and Management earn 5% more than their female counterparts on average.

6,800 EUR
6,510 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Luxembourg for all Careers

Salary comparison by gender monthly Luxembourg
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Executive and Management Average Annual Salary Increment Percentage in Luxembourg

How much are annual salary increments in Luxembourg for Executive and Management professionals? How often do employees get salary raises?

Executive and Management

Executive and Management professionals in Luxembourg are likely to observe a salary increase of approximately 11% every 14 months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.

Annual Salary Increment Rate Luxembourg Executive and Management
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Luxembourg / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in Luxembourg is 6%.

Annual Increment Rate By Industry 2020

Information Technology

Listed above are the average annual increase rates for each industry in Luxembourg for the year 2020. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.

Worldwide Salary Raises: All Countries and All Jobs

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Executive and Management Bonus and Incentive Rates in Luxembourg

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Luxembourg Executive and Management
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Executive and Management is considered to be a high bonus-based field due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

24% of surveyed staff in Executive and Management reported that they haven't received any bonuses or incentives in the previous year while 76% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.

Received Bonus
No Bonus

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.

What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

A graphics designer working for a graphics designing company.

A graphic designer in the marketing department of a hospital.

Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Executive and Management Hourly Average Wage in Luxembourg

38 EUR per hour

The average hourly wage (pay per hour) in Luxembourg is 38 EUR. This means that the average person in Luxembourg earns approximately 38 EUR for every worked hour.

Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Executive and Management VS Other Jobs

Salary Comparison Between Executive and Management and Executive and Management monthly Luxembourg
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The average salary for Executive and Management is 35% more than that of All Jobs.

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Luxembourg earn 6% more than their private sector counterparts on average across all sectors.

Private Sector
4,780 EUR
Public Sector+6%
5,070 EUR
Percentage increase and decrease are relative to the previous value
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