Art Director Average Salary in Monaco 2023
How much money does an Art Director make in Monaco?
LOW
2,090
EUR AVERAGE
4,260
EUR HIGH
6,650
EUR
A person working as an Art Director in Monaco typically earns around 4,260 EUR per month. Salaries range from 2,090 EUR (lowest) to 6,650 EUR (highest).
This is the average monthly salary including housing, transport, and other benefits. Art Director salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Art Director Salary Distribution in Monaco
The median, the maximum, the minimum, and the range
Salary Range
Art Director salaries in Monaco range from 2,090 EUR per month (minimum salary) to 6,650 EUR per month (maximum salary).
Median Salary
The median salary is 4,350 EUR per month, which means that half (50%) of people working as Art Director(s) are earning less than 4,350 EUR while the other half are earning more than 4,350 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 Art Director(s) are earning less than 2,900 EUR while 75% of them are earning more than 2,900 EUR. Also from the diagram, 75% of Art Director(s) are earning less than 5,610 EUR while 25% are earning more than 5,610 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
Art Director Salary Comparison by Years of Experience
How does experience and age affect your pay?
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 Art Director salaries by experience level and this is what we found.
An Art Director with less than two years of experience makes approximately 2,480 EUR per month.
While someone with an experience level between two and five years is expected to earn 3,180 EUR per month, 29% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 4,390 EUR per month, 38% more than someone with two to five years of experience.
Additionally, Art Director(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 5,440 EUR per month, 24% 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 5,830 EUR per month, 7% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 6,210 EUR per month, 7% more than people with fifteen to twenty years of experience.
Art Director average salary change by experience in Monaco
| 0 - 2 Years | 2,480 EUR | |
| 2 - 5 Years | +29% | 3,180 EUR |
| 5 - 10 Years | +38% | 4,390 EUR |
| 10 - 15 Years | +24% | 5,440 EUR |
| 15 - 20 Years | +7% | 5,830 EUR |
| 20+ Years | +7% | 6,210 EUR |
Typical Salary Progress for Most Careers
Art Director Salary Comparison By Education
How do education levels affect salaries?
Displayed below is the average salary difference between different Art Director(s) who have the same experience but different education levels.
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 Art Director salaries by education level in order to make a comparison.
When the education level is High School, the average salary of an Art Director is 3,090 EUR per month.
While someone with a Certificate or Diploma gets a salary of 3,550 EUR per month, 15% more than someone having a High School degree.
A Bachelor's Degree gets its holder an average salary of 4,780 EUR per month, 35% more than someone with a Certificate or Diploma.
Professionals who hold a Master's Degree are rewarded with an average salary of 6,010 EUR per month, 26% more than someone with Bachelor's Degree.
Art Director average salary difference by education level in Monaco
| High School | 3,090 EUR | |
| Certificate or Diploma | +15% | 3,550 EUR |
| Bachelor's Degree | +35% | 4,780 EUR |
| Master's Degree | +26% | 6,010 EUR |
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
Art Director Salary Comparison By Gender
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Art Director employees in Monaco earn 11% more than their female counterparts on average.
| Male | 4,440 EUR | |
| Female | -10% | 3,980 EUR |
Salary Comparison By Gender in Monaco for all Careers
Art Director Average Annual Salary Increment Percentage in Monaco
How much are annual salary increments in Monaco for Art Director(s)? How often do employees get salary raises?
Art Director
Art Director(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.
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
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
Art Director Bonus and Incentive Rates in Monaco
How much and how often are bonuses being awarded?
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An Art Director 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.
62% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 38% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.
| Received Bonus | 38% | |
| No Bonus | 62% |
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.
Art Director Average Hourly Wage in Monaco
25 EUR per hourThe average hourly wage (pay per hour) in Monaco is 25 EUR. This means that the average Art Director in Monaco earns approximately 25 EUR for every worked hour.
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.
Art Director VS Other Jobs
The average salary for Art Director is 6% 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 Title | Average Salary |
| Advertising Account Executive | 4,710 EUR |  +11% |
| Advertising Account Manager | 5,150 EUR | +21% |
| Advertising Account Planner | 2,620 EUR |  -39% |
| Advertising Coordinator | 3,590 EUR | -16% |
| Advertising Manager | 6,540 EUR | +53% |
| Advertising Operations Manager | 7,010 EUR | +65% |
| Advertising Strategic Planner | 4,610 EUR | +8% |
| Advertising Team Leader | 4,170 EUR | -2% |
| Animator | 3,050 EUR | -28% |
| Art Director | 4,260 EUR | -0% |
| Artist | 3,700 EUR | -13% |
| Artworker | 2,630 EUR | -38% |
| Assistant Art Director | 3,230 EUR | -24% |
| Audiosual Technician | 2,560 EUR | -40% |
| Broadcast Administrator | 4,540 EUR | +7% |
| Catering Sales | 2,770 EUR | -35% |
| Catering Trainer | 3,300 EUR | -23% |
| Commercial and Industrial Designer | 2,640 EUR | -38% |
| Conference Organiser | 3,210 EUR | -25% |
| Content and Media Production Lead | 4,610 EUR | +8% |
| CopyWriter | 2,860 EUR | -33% |
| Creative Designer | 3,270 EUR | -23% |
| Creative Director | 4,240 EUR | -0% |
| Designer | 2,560 EUR | -40% |
| Desktop Publisher | 2,090 EUR | -51% |
| Director of Graphic Design | 3,820 EUR | -10% |
| Events and Promotions Manager | 6,630 EUR | +56% |
| Exhibit Display Coordinator | 3,430 EUR | -20% |
| Exhibit Display Manager | 4,220 EUR | -1% |
| Finisher | 2,410 EUR | -43% |
| Graphic Artist | 2,740 EUR | -36% |
| Graphic Designer | 2,840 EUR | -33% |
| Graphics Design Supervisor | 3,770 EUR | -12% |
| Imagery Analyst | 2,570 EUR | -40% |
| Imaging Technologist | 2,680 EUR | -37% |
| Interaction Designer | 2,420 EUR | -43% |
| Media Planner | 3,410 EUR | -20% |
| Media Production Coordinator | 3,350 EUR | -21% |
| Media Production Manager | 5,450 EUR | +28% |
| Media Project Manager | 5,710 EUR | +34% |
| Media Relations Representative | 4,640 EUR | +9% |
| Media Sales Executive | 5,420 EUR | +27% |
| Multimedia Specialist | 2,680 EUR | -37% |
| Photographer | 2,500 EUR | -41% |
| PPC Campaign Manager | 4,380 EUR | +3% |
| Print Production Manager | 4,820 EUR | +13% |
| Product and Brand Manager | 6,410 EUR | +50% |
| Sales Promotion Manager | 6,520 EUR | +53% |
| Sketch Artist | 3,230 EUR | -24% |
| Social Media Executive | 5,400 EUR | +27% |
| Technical Typist | 2,060 EUR | -52% |
| User Experience UX Designer | 3,030 EUR | -29% |
| UX Designer | 2,590 EUR | -39% |
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 |
