Executive and Management Average Salaries in Luxembourg 2021
How much money does a person working in Executive and Management make in Luxembourg?
LOW
2,190
EUR AVERAGE
6,650
EUR HIGH
11,000
EUR
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 Title | Average Salary |
| Account Coordinator | 4,570 EUR |
| Administration Manager | 5,480 EUR |
| Area Manager | 5,380 EUR |
| Asset Protection Associate | 5,970 EUR |
| Assistant Director | 5,610 EUR |
| Assistant Manager | 6,340 EUR |
| Assistant Operations Manager | 6,560 EUR |
| Assistant Project Manager | 5,870 EUR |
| Assistant Section Head | 4,630 EUR |
| Assistant to CEO | 5,570 EUR |
| Assistant Vice President | 6,410 EUR |
| Associate Director | 5,640 EUR |
| Bid Manager | 6,350 EUR |
| Branch Manager | 6,120 EUR |
| Business Development Manager | 7,190 EUR |
| Business Operations Associate | 6,020 EUR |
| Business Operations Lead | 5,760 EUR |
| Campaign Manager | 6,660 EUR |
| Chairman of The Board | 10,700 EUR |
| Chairman Office Manager | 7,190 EUR |
| Chief Corporate Officer | 9,290 EUR |
| Chief Executive Officer | 11,000 EUR |
| Chief Financial Officer | 9,830 EUR |
| Chief of Staff | 5,380 EUR |
| Chief Operating Officer | 8,440 EUR |
| Chief Risk Officer | 6,890 EUR |
| Client Services Manager | 7,070 EUR |
| Commercial Project Manager | 5,820 EUR |
| Commodity Broker | 4,690 EUR |
| Corporate Affairs Executive | 6,520 EUR |
| Corporate Compliance Director | 7,500 EUR |
| Corporate Director | 7,300 EUR |
| Corporate Officer | 4,990 EUR |
| Corporate Partnerships Officer | 5,440 EUR |
| Country Manager | 8,530 EUR |
| Deputy Director | 7,740 EUR |
| Director | 8,970 EUR |
| Director of Accreditation | 7,440 EUR |
| Director of Catering Services | 6,850 EUR |
| Director of Client Services | 7,190 EUR |
| Director of Facilities Management | 5,820 EUR |
| Director of Operations | 7,070 EUR |
| Director of Process Simplification | 6,020 EUR |
| Director of Project Management | 7,420 EUR |
| Director of Revenue Management | 6,880 EUR |
| Director of Training and Development | 7,190 EUR |
| Distribution Manager | 7,880 EUR |
| Division Manager | 6,230 EUR |
| Duty Manager | 6,440 EUR |
| Engagement Manager | 7,680 EUR |
| Executive Director | 10,500 EUR |
| Executive Manager | 9,350 EUR |
| Franchise Manager | 9,260 EUR |
| General Manager | 8,530 EUR |
| Global Master Data Manager | 7,810 EUR |
| Head of Middle Office | 6,710 EUR |
| Head of Projects | 7,130 EUR |
| Head of Sustainability | 6,000 EUR |
| Housing Manager | 5,700 EUR |
| HSE Manager | 6,190 EUR |
| Key Account Manager | 5,940 EUR |
| Knowledge Manager | 7,370 EUR |
| Location Manager | 7,170 EUR |
| Logistics Manager | 5,670 EUR |
| Management Consultant | 5,940 EUR |
| Management Executive | 8,260 EUR |
| Manager | 7,690 EUR |
| Managing Director | 9,230 EUR |
| MIS Executive | 7,310 EUR |
| Ocean Services Manager | 7,420 EUR |
| Operations Assistant | 5,170 EUR |
| Operations Director | 7,960 EUR |
| Operations Executive | 7,920 EUR |
| Operations Manager | 7,960 EUR |
| Operations Supervisor | 6,590 EUR |
| Policy Administration Executive | 6,530 EUR |
| Private Sector Executive | 6,620 EUR |
| Product Development Manager | 7,310 EUR |
| Product Executive | 6,730 EUR |
| Production Executive | 7,370 EUR |
| Production Manager | 7,750 EUR |
| Production Supervisor | 6,220 EUR |
| Program Manager | 7,620 EUR |
| Programme Coordinator | 5,110 EUR |
| Project Control Manager | 7,620 EUR |
| Project Coordinator | 4,740 EUR |
| Project Management Officer | 5,050 EUR |
| Project Manager | 5,630 EUR |
| Project Portfolio Manager | 5,850 EUR |
| Quality Manager | 6,210 EUR |
| R/D Director | 6,850 EUR |
| Regional Director | 9,800 EUR |
| Regional Manager | 7,750 EUR |
| Relationship Manager | 7,250 EUR |
| Retail District Manager | 5,180 EUR |
| Revenue Manager | 5,790 EUR |
| Risk and Capital Manager | 8,500 EUR |
| Risk Officer | 5,830 EUR |
| Safety Manager | 5,480 EUR |
| Section Head | 5,890 EUR |
| Service Manager | 5,700 EUR |
| Shift Supervisor | 4,630 EUR |
| Solutions Manager | 5,450 EUR |
| Supervisor | 4,630 EUR |
| Supply Chain Manager | 7,540 EUR |
| Surveyor | 4,990 EUR |
| Technical Manager | 7,370 EUR |
| Territory Manager | 7,250 EUR |
| Validation Manager | 6,380 EUR |
| Vice President | 9,290 EUR |
| Zone Manager | 7,420 EUR |
Executive and Management Jobs Salary Distribution in Luxembourg
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?
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.
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.
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Salary Comparison By Education
How does the education level affect your salary?
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.
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
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.
| Male | 6,800 EUR | |
| Female | -4% | 6,510 EUR |
Salary Comparison By Gender in Luxembourg for all Careers
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.
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
Annual Increment Rate By Industry 2020
| Banking | 8% | |
| Energy | 7% | |
| Information Technology | 6% | |
| Healthcare | 5% | |
| Travel | 4% | |
| Construction | 3% | |
| Education | 2% |
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
Executive and Management Bonus and Incentive Rates in Luxembourg
How much and how often are bonuses being awarded?
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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 | 76% | |
| No Bonus | 24% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 Generators | Supporting 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. |
Example: | Example: |
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.
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 hourThe 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.
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
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 |
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