Executive and Management Average Salaries in Luxembourg 2020
How much money does a person working in Executive and Management make in Luxembourg?
LOW
10,300
EUR AVERAGE
20,600
EUR HIGH
33,600
EUR
A person working in Executive and Management in Luxembourg typically earns around 20,600 EUR per month. Salaries range from 10,300 EUR (lowest average) to 33,600 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 | 14,000 EUR |
| Administration Manager | 16,800 EUR |
| Area Manager | 16,500 EUR |
| Asset Protection Associate | 18,300 EUR |
| Assistant Director | 17,200 EUR |
| Assistant Manager | 19,400 EUR |
| Assistant Operations Manager | 20,100 EUR |
| Assistant Project Manager | 18,000 EUR |
| Assistant Section Head | 14,200 EUR |
| Assistant to CEO | 17,100 EUR |
| Assistant Vice President | 19,600 EUR |
| Associate Director | 17,300 EUR |
| Bid Manager | 19,500 EUR |
| Branch Manager | 18,800 EUR |
| Business Development Manager | 22,000 EUR |
| Business Operations Associate | 18,500 EUR |
| Business Operations Lead | 17,700 EUR |
| Campaign Manager | 20,400 EUR |
| Chairman of The Board | 32,700 EUR |
| Chairman Office Manager | 22,000 EUR |
| Chief Corporate Officer | 28,500 EUR |
| Chief Executive Officer | 33,600 EUR |
| Chief Financial Officer | 30,000 EUR |
| Chief of Staff | 16,500 EUR |
| Chief Operating Officer | 24,300 EUR |
| Chief Risk Officer | 21,100 EUR |
| Client Services Manager | 21,700 EUR |
| Commercial Project Manager | 17,800 EUR |
| Commodity Broker | 14,400 EUR |
| Corporate Affairs Executive | 20,000 EUR |
| Corporate Compliance Director | 23,000 EUR |
| Corporate Director | 22,400 EUR |
| Corporate Officer | 15,300 EUR |
| Corporate Partnerships Officer | 16,700 EUR |
| Country Manager | 26,200 EUR |
| Deputy Director | 23,700 EUR |
| Director | 27,500 EUR |
| Director of Accreditation | 22,800 EUR |
| Director of Catering Services | 21,000 EUR |
| Director of Client Services | 22,000 EUR |
| Director of Facilities Management | 17,800 EUR |
| Director of Operations | 21,700 EUR |
| Director of Process Simplification | 18,500 EUR |
| Director of Project Management | 22,800 EUR |
| Director of Revenue Management | 21,100 EUR |
| Director of Training and Development | 22,000 EUR |
| Distribution Manager | 24,200 EUR |
| Division Manager | 19,100 EUR |
| Duty Manager | 19,700 EUR |
| Engagement Manager | 23,500 EUR |
| Executive Director | 32,200 EUR |
| Executive Manager | 28,700 EUR |
| Franchise Manager | 28,400 EUR |
| General Manager | 26,200 EUR |
| Global Master Data Manager | 24,000 EUR |
| Head of Middle Office | 20,600 EUR |
| Head of Projects | 21,900 EUR |
| Head of Sustainability | 18,400 EUR |
| Housing Manager | 17,500 EUR |
| HSE Manager | 19,000 EUR |
| Key Account Manager | 18,200 EUR |
| Knowledge Manager | 22,600 EUR |
| Location Manager | 22,000 EUR |
| Logistics Manager | 17,400 EUR |
| Management Consultant | 18,200 EUR |
| Management Executive | 25,300 EUR |
| Manager | 23,600 EUR |
| Managing Director | 28,300 EUR |
| MIS Executive | 22,400 EUR |
| Ocean Services Manager | 22,800 EUR |
| Operations Assistant | 15,800 EUR |
| Operations Director | 24,400 EUR |
| Operations Executive | 24,300 EUR |
| Operations Manager | 24,400 EUR |
| Operations Supervisor | 20,200 EUR |
| Policy Administration Executive | 20,000 EUR |
| Private Sector Executive | 20,300 EUR |
| Product Development Manager | 22,400 EUR |
| Product Executive | 20,600 EUR |
| Production Executive | 22,600 EUR |
| Production Manager | 23,800 EUR |
| Production Supervisor | 19,100 EUR |
| Program Manager | 23,400 EUR |
| Programme Coordinator | 15,700 EUR |
| Project Control Manager | 23,400 EUR |
| Project Coordinator | 14,500 EUR |
| Project Management Officer | 15,500 EUR |
| Project Manager | 17,300 EUR |
| Project Portfolio Manager | 17,900 EUR |
| Quality Manager | 19,100 EUR |
| R/D Director | 21,000 EUR |
| Regional Director | 30,000 EUR |
| Regional Manager | 23,800 EUR |
| Relationship Manager | 22,200 EUR |
| Retail District Manager | 15,900 EUR |
| Revenue Manager | 17,800 EUR |
| Risk and Capital Manager | 26,100 EUR |
| Risk Officer | 17,900 EUR |
| Safety Manager | 16,800 EUR |
| Section Head | 18,100 EUR |
| Service Manager | 17,500 EUR |
| Shift Supervisor | 14,200 EUR |
| Solutions Manager | 16,700 EUR |
| Supervisor | 14,200 EUR |
| Supply Chain Manager | 23,100 EUR |
| Surveyor | 15,300 EUR |
| Technical Manager | 22,600 EUR |
| Territory Manager | 22,200 EUR |
| Validation Manager | 19,600 EUR |
| Vice President | 28,500 EUR |
| Zone Manager | 22,800 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 10,300 EUR per month (minimum average salary) to 33,600 EUR per month (maximum average salary, actual maximum is higher).
Median Salary
The median salary is 19,800 EUR per month, which means that half (50%) of people working in Executive and Management are earning less than 19,800 EUR while the other half are earning more than 19,800 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 13,500 EUR while 75% of them are earning more than 13,500 EUR. Also from the diagram, 75% of people working in Executive and Management are earning less than 25,600 EUR while 25% are earning more than 25,600 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.
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 76,000 Euro(s) to 228,000 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 earn 5% more than their female counterparts.
| Female | 20,200 EUR | |
| Male | +5% | 21,100 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 2019
| 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 2019. 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.
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.
| Private Sector | 14,800 EUR | |
| Public Sector | +6% | 15,700 EUR |
Executive and Management Salary Forecast and Trend in Luxembourg
How do Executive and Management salaries change over time? Listed below is a chart that shows the average salary in recent years.
| Average Salary 2016 | 18,300 EUR | |
| Average Salary 2017 | +4% | 19,000 EUR |
| Average Salary 2018 | +2% | 19,300 EUR |
| Average Salary 2019 | +3% | 19,900 EUR |
Executive and Management salaries in Luxembourg are rising in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 3% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.
Executive and Management Hourly Average Wage in Luxembourg
120 EUR per hourThe average hourly wage (pay per hour) in Luxembourg is 120 EUR. This means that the average person in Luxembourg earns approximately 120 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 36% more than that of All Jobs.
