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Mental Health Counselor Average Salary in Monaco 2024

How much money does a person working as Mental Health Counselor make in Monaco?


Average Monthly Salary
5,860 EUR
( 70,400 EUR yearly)

LOW
2,700
EUR
AVERAGE
5,860
EUR
HIGH
9,320
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 Mental Health Counselor in Monaco typically earns around 5,860 EUR. Salaries range from 2,700 EUR (lowest) to 9,320 EUR (highest).


Salary Variance

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



Mental Health Counselor Pay Scale and Salaries in Monaco

Median and salary distribution Monaco Mental Health Counselor monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
5,560 EUR or more
10% of people earn
4,870 to 5,560 EUR
20% of people earn
3,360 EUR or less
65% of people earn
3,360 to 4,870 EUR
Minimum Salary
2,700 EUR
Median
5,610 EUR
Maximum
9,320 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 Mental Health Counselor in Monaco range from 2,700 EUR (starting salary) to 9,320 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 5,610 EUR, half of the professionals who work as Mental Health Counselor 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 Mental Health Counselor in Monaco earn less than 4,520 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 6,460 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 Mental Health Counselor in Monaco compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 3,360 EUR to 4,870 EUR. About 20% of salaries are below the 3,360 EUR mark, while 10% fall within the range of 4,870 EUR to 5,560 EUR. Only 5% of individuals have salaries exceeding 5,560 EUR.

Salary Comparison by Years of Experience / Mental Health Counselor / Monaco

How do experience and age affect pay?

0 - 2 Years
3,060 EUR
2 - 5 Years+34%
4,090 EUR
5 - 10 Years+48%
6,040 EUR
10 - 15 Years+22%
7,370 EUR
15 - 20 Years+9%
8,030 EUR
20+ Years+8%
8,700 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Monaco Mental Health Counselor
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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 Mental Health Counselor 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 3,060 EUR.

While someone with an experience level between two and five years is expected to earn 4,090 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 6,040 EUR, 48% 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 7,370 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 8,030 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 8,700 EUR, 8% 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
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Salary Comparison By Education / Mental Health Counselor / Monaco

How do education levels affect salaries?

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

Bachelor's Degree
3,490 EUR
Master's Degree+57%
5,480 EUR
PhD+68%
9,190 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Monaco Mental Health Counselor
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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 salaries by education level for the position Mental Health Counselor in order to make a comparison.


Level 1: Bachelor's Degree

Employees at this education level have an average salary of 3,490 EUR.


Level 2: Master's Degree

At this level, the average salary becomes 5,480 EUR, 57% more than the previous level.


Level 3: PhD

At this level, the average salary becomes 9,190 EUR, 68% 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
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Salary and Compensation Comparison By Gender / Mental Health Counselor / Monaco

Salary comparison by gender Monaco Mental Health Counselor monthly
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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? For the people who work as Mental Health Counselor in Monaco, the average difference between the salary of male and female employees is 19%.

Male
6,380 EUR
Female-16%
5,350 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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Average Annual Salary Increment Percentage / Mental Health Counselor / Monaco

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

Individuals working as Mental Health Counselor in Monaco are likely to observe a salary increase of approximately 9% 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 Mental Health Counselor
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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

Annual Salary Increment Rate Monaco
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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
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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 / Mental Health Counselor / Monaco

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Monaco Mental Health Counselor
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33% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 67% 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
67%
No Bonus
33%

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 / Mental Health Counselor / Monaco


34 EUR per hour

The average hourly wage (pay per hour) for individuals working as Mental Health Counselor in Monaco is 34 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 Mental Health Counselor in Monaco is 16 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
Counseling-100%
Acceptance and Commitment Therapy Coach4,000 EUR-32%
Adoption Services Director5,620 EUR-4%
Alcohol and Drug Counselor4,580 EUR-22%
Assistant Instructor2,300 EUR-61%
Career Counselor4,910 EUR-16%
Career Transition Counselor4,480 EUR-24%
Consultant5,050 EUR-14%
Culinary Therapist3,840 EUR-35%
Cyberbullying Counselor4,230 EUR-28%
Cyberbullying Prevention Counselor4,160 EUR-29%
Dialectical Behavior Therapy Coach4,790 EUR-18%
Digital Detox Specialist4,780 EUR-18%
Director of Rehabilitation Services6,620 EUR+13%
Disability Consultant4,330 EUR-26%
Employment Counselor4,830 EUR-18%
Executive Coach5,240 EUR-11%
Eye Movement Desensitization and Reprocessing Therapist4,180 EUR-29%
Family Advocate3,400 EUR-42%
Family Services Specialist3,740 EUR-36%
Family Support Specialist5,400 EUR-8%
Family Youth Worker1,980 EUR-66%
Gambling Addiction Counselor4,610 EUR-21%
Gaming Addiction Counselor4,730 EUR-19%
Guidance Counselor4,910 EUR-16%
Guidance Director5,920 EUR+1%
Lifestyle Coach4,780 EUR-18%
Mental Health Counselor5,860 EUR-0%
Mental Health Therapist5,150 EUR-12%
Mindfulness Coach4,790 EUR-18%
Online Addiction Counselor5,080 EUR-13%
Online Support Group Facilitator4,420 EUR-25%
Online Therapist4,350 EUR-26%
Programs Coordinator2,860 EUR-51%
Psychologist6,610 EUR+13%
Relationships Counselor5,430 EUR-7%
Sleep Specialist4,770 EUR-19%
Social Media Counselor4,580 EUR-22%
Supervising Counselor5,530 EUR-6%
Tech Addiction Counselor or Therapist4,960 EUR-15%
Telehealth Counselor4,600 EUR-22%
Telepsychiatrist5,420 EUR-8%
Trauma-Focused Cognitive Behavioral Therapy Coach5,540 EUR-6%
Virtual Counselor4,640 EUR-21%
Vocational Rehabilitation Counselor5,370 EUR-8%
Youth Advocate2,850 EUR-51%
Youth Care Counselor5,190 EUR-11%
Youth Care Specialist3,270 EUR-44%
Youth Development Manager6,490 EUR+11%

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 Mental Health Counselor in Monaco?

A good and competitive compensation would range anywhere between 5,610 EUR and 6,460 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 Mental Health Counselor in Monaco ranges from 2,700 EUR to 4,520 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


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