A person working as Manufacturing Engineering Technologist in Monaco typically earns around 4,300 EUR. Salaries range from 2,020 EUR (lowest) to 6,790 EUR (highest).
This is the average salary including housing, transport, and other benefits. Manufacturing Engineering Technologist salaries in Monaco vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Minimum Salary 2,020 EUR |
Median 4,080 EUR |
Maximum 6,790 EUR |
Salaries for the position Manufacturing Engineering Technologist in Monaco range from 2,020 EUR (starting salary) to 6,790 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.
With a median salary of 4,080 EUR, half of the professionals who work as Manufacturing Engineering Technologist 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.
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 Manufacturing Engineering Technologist in Monaco earn less than 3,300 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 4,690 EUR while 25% earn more.
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 Manufacturing Engineering Technologist in Monaco compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 2,480 EUR to 3,560 EUR. About 20% of salaries are below the 2,480 EUR mark, while 10% fall within the range of 3,560 EUR to 4,050 EUR. Only 5% of individuals have salaries exceeding 4,050 EUR.
0 - 2 Years | 2,330 EUR | |
2 - 5 Years | +38% | 3,210 EUR |
5 - 10 Years | +42% | 4,570 EUR |
10 - 15 Years | +22% | 5,580 EUR |
15 - 20 Years | +6% | 5,890 EUR |
20+ Years | +9% | 6,410 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 Manufacturing Engineering Technologist and this is what we found.
Employees with less than two years of experience earn approximately 2,330 EUR.
While someone with an experience level between two and five years is expected to earn 3,210 EUR, 38% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 4,570 EUR, 42% 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 5,580 EUR, 22% 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 5,890 EUR, 6% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 6,410 EUR, 9% more than people with fifteen to twenty years of experience.
Bachelor's Degree | 3,210 EUR | |
Master's Degree | +83% | 5,890 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 Manufacturing Engineering Technologist in order to make a comparison.
Employees at this education level have an average salary of 3,210 EUR.
At this level, the average salary becomes 5,890 EUR, 83% more than the previous level.
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.
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 Manufacturing Engineering Technologist in Monaco, the average difference between the salary of male and female employees is 14%.
Male | 4,610 EUR | |
Female | -12% | 4,050 EUR |
Individuals working as Manufacturing Engineering Technologist in Monaco are likely to observe a salary increase of approximately 7% every 30 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
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.
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
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.
35% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 65% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.
Received Bonus | 65% | |
No Bonus | 35% |
The 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.
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.
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.
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.
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.
The minimum pay rate per hour for people working as Manufacturing Engineering Technologist 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.
Job Title | Average Salary |
Factory and Manufacturing | -100% | |
3D Printing Technician | 2,890 EUR | -33% |
Additive Manufacturing Engineer | 3,430 EUR | -20% |
Assembly Foreman | 1,360 EUR | -68% |
Assembly Line Worker | 1,350 EUR | -69% |
Assembly Supervisor | 1,980 EUR | -54% |
Assistance Maintenance Manager | 4,190 EUR | -3% |
Assistant Shipping Manager | 3,690 EUR | -14% |
Automation Process Analyst | 2,850 EUR | -34% |
Chemical Equipment Controller | 2,920 EUR | -32% |
Chemical Technican Apprentice | 2,460 EUR | -43% |
CNC Machinist | 2,900 EUR | -33% |
CNC Operator | 2,630 EUR | -39% |
CNC Programmer | 2,820 EUR | -34% |
Colour Technologist | 1,650 EUR | -62% |
Contracts Manager | 5,140 EUR | +20% |
Data Collection Coordinator | 2,040 EUR | -53% |
Demand Planner | 1,840 EUR | -57% |
Derrick Operator | 1,390 EUR | -68% |
Digital Twin Engineer | 3,420 EUR | -20% |
Director of Manufacturing | 6,680 EUR | +55% |
Dock Worker | 1,320 EUR | -69% |
Drying Technician | 1,430 EUR | -67% |
Equipment Operator | 1,330 EUR | -69% |
Export Sales Coordinator | 3,780 EUR | -12% |
Factory Superintendent | 2,100 EUR | -51% |
Factory Worker | 1,450 EUR | -66% |
Failure Analysis Technician | 2,050 EUR | -52% |
Fiberglass Laminator | 1,520 EUR | -65% |
Food Technologist | 2,260 EUR | -47% |
Forklift Driver | 1,460 EUR | -66% |
Forklift Operator | 1,440 EUR | -67% |
Forming Machine Operator | 1,480 EUR | -66% |
Furnace Operator | 1,420 EUR | -67% |
Gas Appliance Repairer | 1,490 EUR | -65% |
General Warehouse Associate | 2,260 EUR | -47% |
Green Product Designer | 3,370 EUR | -22% |
Heavy Equipment Operator | 1,670 EUR | -61% |
HSE Manager | 4,880 EUR | +14% |
Industrial Cybersecurity Specialist | 3,820 EUR | -11% |
Industrial Engineer | 3,720 EUR | -13% |
Industrial Machinery Mechanic | 2,450 EUR | -43% |
Industrial Production Manager | 6,710 EUR | +56% |
Industrial Safety and Health Engineer | 3,960 EUR | -8% |
Intake Operator | 1,770 EUR | -59% |
Key Account Manager | 5,390 EUR | +25% |
Lean Manufacturing Specialist | 4,000 EUR | -7% |
Lift Truck Operator | 1,440 EUR | -67% |
Loading Supervisor | 2,250 EUR | -48% |
Logistic Coordinator | 3,130 EUR | -27% |
Logistics Clerk | 1,630 EUR | -62% |
Machine Operator | 1,380 EUR | -68% |
Machinist | 1,420 EUR | -67% |
Maintenance Manager | 4,730 EUR | +10% |
Maintenance Store Clerk | 1,550 EUR | -64% |
Manufacturing Engineer | 3,770 EUR | -12% |
Manufacturing Engineering Manager | 5,600 EUR | +30% |
Manufacturing Engineering Technologist | 4,300 EUR | +0% |
Manufacturing Manager | 6,610 EUR | +54% |
Manufacturing Operative | 2,130 EUR | -50% |
Manufacturing Production Technician | 1,800 EUR | -58% |
Manufacturing Supervisor | 3,270 EUR | -24% |
Manufacturing Technician | 1,670 EUR | -61% |
Materials Manager | 5,330 EUR | +24% |
Materials Supervisor | 3,360 EUR | -22% |
Mechanical Fitter Engineer | 3,960 EUR | -8% |
Mechanical Foreman | 1,340 EUR | -69% |
Merchandise Planner | 2,150 EUR | -50% |
Metrology Engineer | 3,630 EUR | -16% |
Operations Engineer | 3,580 EUR | -17% |
Operations Manager | 6,070 EUR | +41% |
Order Management Coordinator | 3,150 EUR | -27% |
Order Processing Manager | 4,790 EUR | +11% |
Order Selector | 1,720 EUR | -60% |
Package Handler | 1,400 EUR | -67% |
Packaging Manager | 3,790 EUR | -12% |
Packer | 1,370 EUR | -68% |
Packing Deputy Supervisor | 3,200 EUR | -26% |
Planning Manager | 5,210 EUR | +21% |
Plant Manager | 5,910 EUR | +37% |
Precision Instrument Repairer | 1,980 EUR | -54% |
Predictive Maintenance Analyst | 3,670 EUR | -15% |
Process Technician | 1,700 EUR | -60% |
Product Manager | 6,150 EUR | +43% |
Production Analyst | 5,150 EUR | +20% |
Production Director | 6,790 EUR | +58% |
Production Engineer | 4,020 EUR | -6% |
Production Engineering Supervisor | 5,400 EUR | +26% |
Production Inspector | 4,300 EUR | +0% |
Production Laborer | 1,290 EUR | -70% |
Production Manager | 6,820 EUR | +59% |
Production Operator | 1,760 EUR | -59% |
Production Scheduler | 3,130 EUR | -27% |
Production Supervisor | 3,990 EUR | -7% |
Production Technician | 1,800 EUR | -58% |
Production Worker | 1,650 EUR | -62% |
Quality Control Analyst | 5,140 EUR | +20% |
Quality Control Inspector | 4,150 EUR | -3% |
Quality Control Manager | 5,380 EUR | +25% |
Service Technician | 1,750 EUR | -59% |
SHEQ Officer | 1,990 EUR | -54% |
Shipping Manager | 5,550 EUR | +29% |
Small Engine Mechanic | 2,300 EUR | -46% |
Smart Factory Consultant | 4,710 EUR | +10% |
Spray Painter | 1,430 EUR | -67% |
Sterile Processing Technician | 1,560 EUR | -64% |
Structural Welder | 1,250 EUR | -71% |
Supply Chain Operative | 3,500 EUR | -19% |
Sustainable Manufacturing Specialist | 4,780 EUR | +11% |
Technical Operator | 1,770 EUR | -59% |
Technology Development Manager | 6,200 EUR | +44% |
Testing Technician | 2,770 EUR | -36% |
Toolmaker | 2,010 EUR | -53% |
Warehouse Forklift Operator | 1,480 EUR | -66% |
Warehouse Operative | 1,460 EUR | -66% |
Warehouse Worker | 1,520 EUR | -65% |
Warranty Handler | 2,440 EUR | -43% |
Welder | 1,400 EUR | -67% |
Workshop Manager | 4,230 EUR | -2% |
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 |
A good and competitive compensation would range anywhere between 4,080 EUR and 4,690 EUR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
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.
The base salary for a careers like Manufacturing Engineering Technologist in Monaco ranges from 2,020 EUR to 3,300 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.
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
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