Logistic Executive Average Salary in Monaco 2024
How much money does a person working as Logistic Executive make in Monaco?
LOW
1,680
EUR AVERAGE
3,240
EUR HIGH
4,960
EUR
A person working as Logistic Executive in Monaco typically earns around 3,240 EUR. Salaries range from 1,680 EUR (lowest) to 4,960 EUR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Logistic Executive salaries in Monaco vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Logistic Executive Pay Scale and Salaries in Monaco
Salary Structure and Pay Scale Comparison
2,930 EUR or more
2,610 to 2,930 EUR
1,910 EUR or less
1,910 to 2,610 EUR
 1,680 EUR |
2,950 EUR |
4,960 EUR |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Logistic Executive in Monaco range from 1,680 EUR (starting salary) to 4,960 EUR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 2,950 EUR, half of the professionals who work as Logistic Executive in Monaco earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Logistic Executive in Monaco earn less than 2,440 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 3,340 EUR while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Logistic Executive in Monaco compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 1,910 EUR to 2,610 EUR. About 20% of salaries are below the 1,910 EUR mark, while 10% fall within the range of 2,610 EUR to 2,930 EUR. Only 5% of individuals have salaries exceeding 2,930 EUR.
Salary Comparison by Years of Experience / Logistic Executive / Monaco
How do experience and age affect pay?
| 0 - 2 Years | 1,910 EUR | |
| 2 - 5 Years | +34% | 2,570 EUR |
| 5 - 10 Years | +30% | 3,340 EUR |
| 10 - 15 Years | +21% | 4,040 EUR |
| 15 - 20 Years | +9% | 4,420 EUR |
| 20+ Years | +5% | 4,650 EUR |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Logistic Executive and this is what we found.
Employees with less than two years of experience earn approximately 1,910 EUR.
While someone with an experience level between two and five years is expected to earn 2,570 EUR, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 3,340 EUR, 30% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 4,040 EUR, 21% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 4,420 EUR, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 4,650 EUR, 5% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Logistic Executive / Monaco
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Logistic Executive.
| High School | 2,310 EUR | |
| Certificate or Diploma | +14% | 2,630 EUR |
| Bachelor's Degree | +41% | 3,710 EUR |
| Master's Degree | +21% | 4,500 EUR |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Logistic Executive in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 2,310 EUR.
Level 2: Certificate or Diploma
At this level, the average salary becomes 2,630 EUR, 14% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 3,710 EUR, 41% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 4,500 EUR, 21% more than the previous level.
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 Monaco costs anywhere from 21,300 EUR to 63,800 EUR 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 to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Logistic Executive / Monaco
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Logistic Executive in Monaco, the average difference between the salary of male and female employees is 11%.
| Male | 3,450 EUR | |
| Female | -10% | 3,100 EUR |
Salary Comparison By Gender in Monaco for all Careers
Average Annual Salary Increment Percentage / Logistic Executive / Monaco
How much are annual salary increments in Monaco for individuals working as Logistic Executive? How often do employees get salary raises?
Individuals working as Logistic Executive in Monaco are likely to observe a salary increase of approximately 6% every 30 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
Monaco / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Logistic Executive / Monaco
How much and how often are bonuses being awarded?
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65% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 35% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 3% to 5% of their annual salary.
| Received Bonus | 35% | |
| No Bonus | 65% |
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.
Average Hourly Wage / Logistic Executive / Monaco
19 EUR per hourThe average hourly wage (pay per hour) for individuals working as Logistic Executive in Monaco is 19 EUR.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
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 fixed 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.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Logistic Executive in Monaco is 10 EUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Import and Export |  -100% | |
| Cross Border E-commerce Manager | 5,890 EUR |  +82% |
| Cross Border Logistics Coordinator | 4,330 EUR | +34% |
| Customs Compliance Analyst | 3,870 EUR | +19% |
| Customs Controller | 2,860 EUR | -12% |
| Digital Trade Analyst | 3,960 EUR | +22% |
| Expeditor | 2,740 EUR | -15% |
| Export Administrator | 3,670 EUR | +13% |
| Export Control Specialist | 3,440 EUR | +6% |
| Export Controller | 2,700 EUR | -17% |
| Export Executive | 3,890 EUR | +20% |
| Export Logistics Manager | 5,460 EUR | +69% |
| Export Logistics Specialist | 3,940 EUR | +22% |
| Export Services Manager | 5,690 EUR | +76% |
| Export Specialist | 3,190 EUR | -2% |
| Export Supervisor | 3,930 EUR | +21% |
| Exports Sales Manager | 6,140 EUR | +90% |
| Foreign Trade Policy Analyst | 4,370 EUR | +35% |
| Freight Forwarder | 1,590 EUR | -51% |
| Global Forwarding Agent | 3,000 EUR | -7% |
| Global Supply Chain Analyst | 4,720 EUR | +46% |
| Global Trade Consultant | 5,120 EUR | +58% |
| Global Trade Marketing Manager | 5,200 EUR | +61% |
| Immigration and Customs Inspector | 2,300 EUR | -29% |
| Import and Export Clerk | 1,680 EUR | -48% |
| Import and Export Consultant | 5,430 EUR | +68% |
| Import and Export Manager | 6,620 EUR | +100% |
| Import and Procurement Manager | 6,520 EUR | +100% |
| Import Coordinator | 2,480 EUR | -23% |
| Import Customs Specialist | 2,940 EUR | -9% |
| Import Logistics Specialist | 3,180 EUR | -2% |
| Importation Supervisor | 4,380 EUR | +35% |
| Inspector | 2,670 EUR | -18% |
| International Business Development Manager | 6,150 EUR | +90% |
| International Freight Forwarder | 3,140 EUR | -3% |
| International Trade Compliance Auditor | 3,800 EUR | +17% |
| International Trade Compliance Specialist | 4,210 EUR | +30% |
| International Trade Consultant | 4,010 EUR | +24% |
| Logistic Executive | 3,240 EUR | +0% |
| Logistician | 1,720 EUR | -47% |
| Logistics Administrator | 3,560 EUR | +10% |
| Logistics Analyst | 3,640 EUR | +12% |
| Logistics Specialist | 3,120 EUR | -4% |
| Marine Cargo Inspector | 2,130 EUR | -34% |
| Shipping Officer | 1,740 EUR | -46% |
| Supply Chain Risk Analyst | 4,590 EUR | +42% |
| Sustainable Trade Specialist | 4,670 EUR | +44% |
| Trade Compliance Manager | 5,860 EUR | +81% |
| Trade Data Analyst | 4,610 EUR | +42% |
| Trade Finance Specialist | 5,050 EUR | +56% |
| Trade Policy Researcher | 3,500 EUR | +8% |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Monaco is 10% on average across all career fields.
| Private Sector | 4,130 EUR | |
| Public Sector | +10% | 4,550 EUR |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Logistic Executive in Monaco?
A good and competitive compensation would range anywhere between 2,950 EUR and 3,340 EUR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Logistic Executive in Monaco ranges from 1,680 EUR to 2,440 EUR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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
