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Media Relations Representative Average Salary in Monaco 2023

How much money does a Media Relations Representative make in Monaco?


Average Monthly Salary
4,640 EUR
( 55,700 EUR yearly)

LOW
2,180
EUR
AVERAGE
4,640
EUR
HIGH
7,330
EUR

A person working as a Media Relations Representative in Monaco typically earns around 4,640 EUR per month. Salaries range from 2,180 EUR (lowest) to 7,330 EUR (highest).

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

Media Relations Representative Salary Distribution in Monaco

Median and salary distribution monthly Monaco Media Relations Representative
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The median, the maximum, the minimum, and the range

  • Salary Range

    Media Relations Representative salaries in Monaco range from 2,180 EUR per month (minimum salary) to 7,330 EUR per month (maximum salary).

  • Median Salary

    The median salary is 4,920 EUR per month, which means that half (50%) of people working as Media Relations Representative(s) are earning less than 4,920 EUR while the other half are earning more than 4,920 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 Media Relations Representative(s) are earning less than 3,190 EUR while 75% of them are earning more than 3,190 EUR. Also from the diagram, 75% of Media Relations Representative(s) are earning less than 6,490 EUR while 25% are earning more than 6,490 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

Media Relations Representative Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Monaco Media Relations Representative
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Media Relations Representative salaries by experience level and this is what we found.

A Media Relations Representative with less than two years of experience makes approximately 2,520 EUR per month.

While someone with an experience level between two and five years is expected to earn 3,470 EUR per month, 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 4,930 EUR per month, 42% more than someone with two to five 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.

Additionally, Media Relations Representative(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 6,020 EUR per month, 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 6,350 EUR per month, 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 6,920 EUR per month, 9% more than people with fifteen to twenty years of experience.


Media Relations Representative average salary change by experience in Monaco

0 - 2 Years
2,520 EUR
2 - 5 Years+38%
3,470 EUR
5 - 10 Years+42%
4,930 EUR
10 - 15 Years+22%
6,020 EUR
15 - 20 Years+6%
6,350 EUR
20+ Years+9%
6,920 EUR
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Media Relations Representative Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Media Relations Representative(s) who have the same experience but different education levels.

Salary comparison by education level monthly Monaco Media Relations Representative
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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 Media Relations Representative salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Media Relations Representative is 3,110 EUR per month.

While someone with a Certificate or Diploma gets a salary of 3,620 EUR per month, 17% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 5,270 EUR per month, 46% more than someone with a Certificate or Diploma.

Professionals who hold a Master's Degree are rewarded with an average salary of 6,920 EUR per month, 31% more than someone with Bachelor's Degree.


Media Relations Representative average salary difference by education level in Monaco

High School
3,110 EUR
Certificate or Diploma+17%
3,620 EUR
Bachelor's Degree+46%
5,270 EUR
Master's Degree+31%
6,920 EUR
Percentage increase and decrease are relative to the previous value

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 21,200 Euro(s) to 63,600 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 the thoery. 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
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Media Relations Representative Salary Comparison By Gender

Salary comparison by gender monthly Monaco Media Relations Representative
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Media Relations Representative employees in Monaco earn 12% less than their female counterparts on average.

Male
4,370 EUR
Female+14%
4,970 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
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Media Relations Representative Average Annual Salary Increment Percentage in Monaco

How much are annual salary increments in Monaco for Media Relations Representative(s)? How often do employees get salary raises?

Media Relations Representative

Media Relations Representative(s) in Monaco are likely to observe a salary increase of approximately 8% every 29 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Monaco Media Relations Representative
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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

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

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

Annual Increment Rate By Industry 2022

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Listed above are the average annual increase rates for each industry in Monaco for the year 2022. 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

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Media Relations Representative Bonus and Incentive Rates in Monaco

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Monaco Media Relations Representative
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A Media Relations Representative is considered to be a moderate bonus-based job 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.

59% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 41% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.

Received Bonus
41%
No Bonus
59%

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.

Media Relations Representative Average Hourly Wage in Monaco


27 EUR per hour

The average hourly wage (pay per hour) in Monaco is 27 EUR. This means that the average Media Relations Representative in Monaco earns approximately 27 EUR for every worked hour.


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

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.

Media Relations Representative VS Other Jobs

Salary Comparison Between Media Relations Representative and Advertising / Grapic Design / Events monthly Monaco
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The average salary for Media Relations Representative is 16% more than that of Advertising / Grapic Design / Events. Also, Advertising / Grapic Design / Events salaries are 5% less than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Advertising Account Executive4,710 EUR+2%
Advertising Account Manager5,150 EUR+11%
Advertising Account Planner2,620 EUR-44%
Advertising Coordinator3,590 EUR-23%
Advertising Manager6,540 EUR+41%
Advertising Operations Manager7,010 EUR+51%
Advertising Strategic Planner4,610 EUR-1%
Advertising Team Leader4,170 EUR-10%
Animator3,050 EUR-34%
Art Director4,260 EUR-8%
Artist3,700 EUR-20%
Artworker2,630 EUR-43%
Assistant Art Director3,230 EUR-30%
Audiosual Technician2,560 EUR-45%
Broadcast Administrator4,540 EUR-2%
Catering Sales2,770 EUR-40%
Catering Trainer3,300 EUR-29%
Commercial and Industrial Designer2,640 EUR-43%
Conference Organiser3,210 EUR-31%
Content and Media Production Lead4,610 EUR-1%
CopyWriter2,860 EUR-38%
Creative Designer3,270 EUR-29%
Creative Director4,240 EUR-9%
Designer 2,560 EUR-45%
Desktop Publisher2,090 EUR-55%
Director of Graphic Design3,820 EUR-18%
Events and Promotions Manager6,630 EUR+43%
Exhibit Display Coordinator3,430 EUR-26%
Exhibit Display Manager4,220 EUR-9%
Finisher2,410 EUR-48%
Graphic Artist2,740 EUR-41%
Graphic Designer2,840 EUR-39%
Graphics Design Supervisor3,770 EUR-19%
Imagery Analyst2,570 EUR-45%
Imaging Technologist2,680 EUR-42%
Interaction Designer2,420 EUR-48%
Media Planner3,410 EUR-26%
Media Production Coordinator3,350 EUR-28%
Media Production Manager5,450 EUR+18%
Media Project Manager5,710 EUR+23%
Media Relations Representative4,640 EUR+0%
Media Sales Executive5,420 EUR+17%
Multimedia Specialist2,680 EUR-42%
Photographer2,500 EUR-46%
PPC Campaign Manager4,380 EUR-6%
Print Production Manager4,820 EUR+4%
Product and Brand Manager6,410 EUR+38%
Sales Promotion Manager6,520 EUR+41%
Sketch Artist3,230 EUR-30%
Social Media Executive5,400 EUR+16%
Technical Typist2,060 EUR-56%
User Experience UX Designer3,030 EUR-35%
UX Designer2,590 EUR-44%

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 Monaco earn 10% more than their private sector counterparts on average across all sectors.

Private Sector
4,110 EUR
Public Sector+10%
4,540 EUR
Percentage increase and decrease are relative to the previous value

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