HOME BROWSE SALARIES ARTICLES BEST PAYING JOBS SUBMIT SALARY
Browse Salaries
Best Paying Jobs
Articles
Submit Salary
Salary Increase Letters

Conciliator Average Salary in Monaco 2024

How much money does a person working as Conciliator make in Monaco?


Average Monthly Salary
4,290 EUR
( 51,500 EUR yearly)

LOW
2,150
EUR
AVERAGE
4,290
EUR
HIGH
6,650
EUR
All salary figures displayed here are per month except when noted otherwise.
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.

A person working as Conciliator in Monaco typically earns around 4,290 EUR. Salaries range from 2,150 EUR (lowest) to 6,650 EUR (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Conciliator salaries in Monaco vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Conciliator Pay Scale and Salaries in Monaco

Median and salary distribution Monaco Conciliator monthly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/monaco/legal/conciliator/median-and-salary-distribution-monthly-monaco-conciliator.jpg

Salary Structure and Pay Scale Comparison

5% of people earn
3,950 EUR or more
10% of people earn
3,500 to 3,950 EUR
20% of people earn
2,510 EUR or less
65% of people earn
2,510 to 3,500 EUR
Minimum Salary
2,150 EUR
Median
3,970 EUR
Maximum
6,650 EUR




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Conciliator in Monaco range from 2,150 EUR (starting salary) to 6,650 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 3,970 EUR, half of the professionals who work as Conciliator 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 Conciliator in Monaco earn less than 3,260 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 4,530 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 Conciliator in Monaco compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 2,510 EUR to 3,500 EUR. About 20% of salaries are below the 2,510 EUR mark, while 10% fall within the range of 3,500 EUR to 3,950 EUR. Only 5% of individuals have salaries exceeding 3,950 EUR.

Salary Comparison by Years of Experience / Conciliator / Monaco

How do experience and age affect pay?

0 - 2 Years
2,570 EUR
2 - 5 Years+32%
3,410 EUR
5 - 10 Years+34%
4,560 EUR
10 - 15 Years+19%
5,440 EUR
15 - 20 Years+8%
5,860 EUR
20+ Years+7%
6,290 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Monaco Conciliator
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/monaco/legal/conciliator/salary-comparison-by-years-of-experience-monthly-monaco-conciliator.jpg

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 Conciliator and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 2,570 EUR.

While someone with an experience level between two and five years is expected to earn 3,410 EUR, 32% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 4,560 EUR, 34% 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 5,440 EUR, 19% 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 5,860 EUR, 8% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 6,290 EUR, 7% more than people with fifteen to twenty years of experience.

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.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

Salary Comparison By Education / Conciliator / Monaco

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Conciliator.

Bachelor's Degree
3,680 EUR
Master's Degree+58%
5,800 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Monaco Conciliator
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/monaco/legal/conciliator/salary-comparison-by-education-level-monthly-monaco-conciliator.jpg

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 Conciliator in order to make a comparison.


Level 1: Bachelor's Degree

Employees at this education level have an average salary of 3,680 EUR.


Level 2: Master's Degree

At this level, the average salary becomes 5,800 EUR, 58% 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 Comparison By Education Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg


Salary and Compensation Comparison By Gender / Conciliator / Monaco

Salary comparison by gender Monaco Conciliator monthly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/monaco/legal/conciliator/salary-comparison-by-gender-monthly-monaco-conciliator.jpg

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 Conciliator in Monaco, the average difference between the salary of male and female employees is 6%.

Male
4,410 EUR
Female-6%
4,140 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Monaco for all Careers

Salary comparison by gender monthly Monaco
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/monaco/salary-comparison-by-gender-monthly-monaco.jpg


Average Annual Salary Increment Percentage / Conciliator / Monaco

How much are annual salary increments in Monaco for individuals working as Conciliator? How often do employees get salary raises?

Individuals working as Conciliator in Monaco are likely to observe a salary increase of approximately 8% every 27 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Monaco Conciliator
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/monaco/legal/conciliator/annual-salary-increment-rate-monaco-conciliator.jpg


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.

Monaco / All Professions

Annual Salary Increment Rate Monaco
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/monaco/annual-salary-increment-rate-monaco.jpg

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

The average salary increase in one year (12 months) in Monaco is 2%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

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 / Conciliator / Monaco

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Monaco Conciliator
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/monaco/legal/conciliator/annual-salary-bonus-rate-monaco-conciliator.jpg

88% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 12% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 0% to 3% of their annual salary.

Received Bonus
12%
No Bonus
88%

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.

Example:
A graphics designer working for a graphics designing company.

Example:
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.

Average Hourly Wage / Conciliator / Monaco


25 EUR per hour

The average hourly wage (pay per hour) for individuals working as Conciliator in Monaco is 25 EUR.This is the rate they get paid for every worked hour.


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

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 Conciliator in Monaco is 12 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 TitleAverage Salary
Legal-100%
Administrative Law Judge11,400 EUR+170%
Arbitrator5,220 EUR+22%
Associate Attorney5,450 EUR+27%
Attorney7,940 EUR+85%
Bailiff2,660 EUR-38%
Barrister2,430 EUR-43%
Blockchain Lawyer6,090 EUR+42%
Candidate Attorney4,530 EUR+6%
Conciliator4,290 EUR-0%
Contracts Associate2,750 EUR-36%
Contracts Manager4,750 EUR+11%
Contracts Negotiator3,760 EUR-12%
Contracts Specialist2,870 EUR-33%
Conveyancing Secretary2,470 EUR-42%
Corporate Counsel5,690 EUR+33%
Counsel5,740 EUR+34%
Court Clerk2,130 EUR-50%
Court Judicial Assistant3,150 EUR-27%
Court Liaison Specialist3,760 EUR-12%
Court Reporter3,180 EUR-26%
Court Representative2,540 EUR-41%
Crown Prosecution Service Lawyer10,500 EUR+140%
Data Privacy and Protection Lawyer6,910 EUR+61%
Digital Forensics Lawyer6,460 EUR+51%
E-discovery Lawyer7,530 EUR+75%
General Counsel10,300 EUR+140%
Genetics Lawyer8,060 EUR+88%
Immigration Executive5,390 EUR+26%
In House Counsel5,630 EUR+31%
Intellectual Property Lawyer7,770 EUR+81%
Intellectual Property Specialist3,940 EUR-8%
Judge Advocate8,980 EUR+110%
Law Clerk2,080 EUR-52%
Lawyer8,330 EUR+94%
Legal Administrative Assistant2,430 EUR-43%
Legal Advisor5,270 EUR+23%
Legal Assistant2,460 EUR-43%
Legal Associate3,810 EUR-11%
Legal Compliance Officer5,350 EUR+25%
Legal Consultant4,980 EUR+16%
Legal Content Writer4,650 EUR+8%
Legal Counsel5,950 EUR+39%
Legal Data Analyst4,510 EUR+5%
Legal Data Privacy Officer4,520 EUR+5%
Legal Editor3,810 EUR-11%
Legal Executive7,420 EUR+73%
Legal Executive Secretary2,550 EUR-41%
Legal IP Officer2,300 EUR-46%
Legal Officer2,660 EUR-38%
Legal Operations Manager8,460 EUR+97%
Legal Process Outsourcing Professional5,110 EUR+19%
Legal Project Manager9,340 EUR+120%
Legal Risk Analyst7,620 EUR+78%
Legal Secretary2,350 EUR-45%
Legal Services Director8,970 EUR+110%
Legal Services Manager9,210 EUR+110%
Legal Support Worker1,790 EUR-58%
Legal Technology Consultant4,130 EUR-4%
Legislative Liaison3,960 EUR-8%
Litigation Attorney9,730 EUR+130%
Litigation Paralegal5,190 EUR+21%
Litigation Support Specialist4,950 EUR+15%
Magistrate Judge12,300 EUR+190%
Paralegal3,190 EUR-26%
Patent Attorney6,000 EUR+40%
Privacy Compliance Officer4,040 EUR-6%
Privacy Lawyer7,070 EUR+65%
Social Media Lawyer6,470 EUR+51%
Staff Attorney6,290 EUR+47%
Venture Capital Lawyer8,690 EUR+100%
Web Content Lawyer6,620 EUR+54%

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
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Conciliator in Monaco?

A good and competitive compensation would range anywhere between 3,970 EUR and 4,530 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 Conciliator in Monaco ranges from 2,150 EUR to 3,260 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


Browse Salaries

Salary Increase Letters

Best Paying Jobs
Home BROWSE SALARIES ARTICLES BEST PAYING JOBS Salary Comparison Arabic French

©Salary Explorer 2024