Creative Designer Average Salary in Monaco 2023
How much money does a person working as Creative Designer make in Monaco?
LOW
1,730
EUR AVERAGE
3,270
EUR HIGH
4,960
EUR
A person working as Creative Designer in Monaco typically earns around 3,270 EUR per month. Salaries range from 1,730 EUR (lowest) to 4,960 EUR (highest).
This is the average monthly salary including housing, transport, and other benefits. Creative Designer salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Creative Designer Pay Scale and Salaries in Monaco
Salary Structure and Pay Scale Comparison
2,930 EUR or more
2,620 to 2,930 EUR
1,930 EUR or less
1,930 to 2,620 EUR
 1,730 EUR |
2,940 EUR |
4,960 EUR |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Creative Designer salaries in Monaco range from 1,730 EUR per month (starting salary) to 4,960 EUR per month (maximum salary). This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from all over the country.
Median Salary
The median salary is 2,940 EUR per month, which means that half (50%) of people working as Creative Designer(s) are earning less than 2,940 EUR while the other half are earning more than 2,940 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 and Salary Scale
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Creative Designer(s) are earning less than 2,450 EUR while 75% of them are earning more than 2,450 EUR. Also from the diagram, 75% of Creative Designer(s) are earning less than 3,330 EUR while 25% are earning more than 3,330 EUR.
Pay Scale Structure
We grouped the most common and recurring salaries into brackets to give more insight into what salary to expect. This method is more accurate than just the average salary and gives more insights on how salaries are actually distributed. Around 65% of all reported figures are in the range 1,930 EUR to 2,620 EUR. Approximatly 20% fall under the 1,930 EUR cap. Ten percent of wages are from 2,620 EUR to 2,930 EUR. Only 5% of people grossed 2,930 EUR or more.
Creative Designer Salary Comparison by Years of Experience
How does experience and age affect your pay?
Creative Designer average salary change by experience in Monaco
| 0 - 2 Years | 1,990 EUR | |
| 2 - 5 Years | +23% | 2,440 EUR |
| 5 - 10 Years | +42% | 3,460 EUR |
| 10 - 15 Years | +17% | 4,040 EUR |
| 15 - 20 Years | +10% | 4,450 EUR |
| 20+ Years | +6% | 4,700 EUR |
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 Creative Designer salaries by experience level and this is what we found.
Employees with less than two years of experience makes approximately 1,990 EUR per month.
While someone with an experience level between two and five years is expected to earn 2,440 EUR per month, 23% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 3,460 EUR per month, 42% more than someone with two to five years of experience.
Additionally, Creative Designer whose expertise span anywhere between ten and fifteen years get a salary equivalent to 4,040 EUR per month, 17% 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 4,450 EUR per month, 10% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 4,700 EUR per month, 6% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Creative Designer Salary Comparison By Education
How do education levels affect salaries?
Displayed below is the average salary difference between different Creative Designer(s) who have the same experience but different education levels.
Creative Designer average salary difference by education level in Monaco
| High School | 2,410 EUR | |
| Certificate or Diploma | +13% | 2,730 EUR |
| Bachelor's Degree | +31% | 3,570 EUR |
| Master's Degree | +32% | 4,700 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 Creative Designer salaries by education level in order to make a comparison.
When the education level is High School, the average salary is 2,410 EUR per month.
While someone with a Certificate or Diploma gets a salary of 2,730 EUR per month, 13% more than someone having a High School degree.
People with Bachelor's Degree have an average salary of 3,570 EUR per month, 31% more than someone with a Certificate or Diploma.
Professionals who hold a Master's Degree are rewarded with an average salary of 4,700 EUR per month, 32% more than someone with Bachelor's Degree.
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 and Compensation Comparison By Gender - Creative Designer
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Creative Designer employees in Monaco earn 14% more than their female counterparts on average.
| Male | 3,430 EUR | |
| Female | -12% | 3,000 EUR |
Salary Comparison By Gender in Monaco for all Careers
Creative Designer Average Annual Salary Increment Percentage in Monaco
How much are annual salary increments in Monaco for Creative Designer(s)? How often do employees get salary raises?
Creative Designer
Creative Designer(s) in Monaco are likely to observe a salary increase of approximately 7% every 28 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
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.
Creative Designer Bonus and Incentive Rates in Monaco
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/monaco/advertising-grapic-design-events/creative-designer/annual-salary-bonus-rate-monaco-creative-designer.jpg
"Creative Designer" is considered to be a moderate bonus-based job. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
66% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 34% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 3% to 5% of their annual salary.
| Received Bonus | 34% | |
| No Bonus | 66% |
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.
Creative Designer Salary Trend and Forecast in Monaco
How are Creative Designer salaries changing over time? Listed below is a chart that shows the average salary in recent years.
| Average Salary 2019 | 2,980 EUR | |
| Average Salary 2020 | +3% | 3,060 EUR |
| Average Salary 2021 | +3% | 3,160 EUR |
| Average Salary 2022 | +1% | 3,200 EUR |
Creative Designer salaries in Monaco are on the rise in the year 2023 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2022 are 1% higher than those of 2021. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from industry to another.
Creative Designer Average Hourly Wage in Monaco
19 EUR per hourThe average hourly wage (pay per hour) in Monaco is 19 EUR. This means that the average Creative Designer in Monaco earns approximately 19 EUR for every worked hour.
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 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.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for 'Creative Designer' in Monaco is 10 EUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Creative Designer VS Other Jobs
The average salary for Creative Designer is 19% less 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 |  +44% |
| Advertising Account Manager | 5,150 EUR | +58% |
| Advertising Account Planner | 2,620 EUR |  -20% |
| Advertising Coordinator | 3,590 EUR | +10% |
| Advertising Manager | 6,540 EUR | +100% |
| Advertising Operations Manager | 7,010 EUR | +110% |
| Advertising Strategic Planner | 4,610 EUR | +41% |
| Advertising Team Leader | 4,170 EUR | +28% |
| Animator | 3,050 EUR | -7% |
| Art Director | 4,260 EUR | +30% |
| Artist | 3,700 EUR | +13% |
| Artworker | 2,630 EUR | -19% |
| Assistant Art Director | 3,230 EUR | -1% |
| Audiosual Technician | 2,560 EUR | -22% |
| Broadcast Administrator | 4,540 EUR | +39% |
| Catering Sales | 2,770 EUR | -15% |
| Catering Trainer | 3,300 EUR | +1% |
| Commercial and Industrial Designer | 2,640 EUR | -19% |
| Conference Organiser | 3,210 EUR | -2% |
| Content and Media Production Lead | 4,610 EUR | +41% |
| CopyWriter | 2,860 EUR | -12% |
| Creative Designer | 3,270 EUR | +0% |
| Creative Director | 4,240 EUR | +30% |
| Designer | 2,560 EUR | -22% |
| Desktop Publisher | 2,090 EUR | -36% |
| Director of Graphic Design | 3,820 EUR | +17% |
| Events and Promotions Manager | 6,630 EUR | +100% |
| Exhibit Display Coordinator | 3,430 EUR | +5% |
| Exhibit Display Manager | 4,220 EUR | +29% |
| Finisher | 2,410 EUR | -26% |
| Graphic Artist | 2,740 EUR | -16% |
| Graphic Designer | 2,840 EUR | -13% |
| Graphics Design Supervisor | 3,770 EUR | +15% |
| Imagery Analyst | 2,570 EUR | -21% |
| Imaging Technologist | 2,680 EUR | -18% |
| Interaction Designer | 2,420 EUR | -26% |
| Media Planner | 3,410 EUR | +4% |
| Media Production Coordinator | 3,350 EUR | +3% |
| Media Production Manager | 5,450 EUR | +67% |
| Media Project Manager | 5,710 EUR | +75% |
| Media Relations Representative | 4,640 EUR | +42% |
| Media Sales Executive | 5,420 EUR | +66% |
| Multimedia Specialist | 2,680 EUR | -18% |
| Photographer | 2,500 EUR | -23% |
| PPC Campaign Manager | 4,380 EUR | +34% |
| Print Production Manager | 4,820 EUR | +48% |
| Product and Brand Manager | 6,410 EUR | +96% |
| Sales Promotion Manager | 6,520 EUR | +100% |
| Sketch Artist | 3,230 EUR | -1% |
| Social Media Executive | 5,400 EUR | +65% |
| Technical Typist | 2,060 EUR | -37% |
| User Experience UX Designer | 3,030 EUR | -7% |
| UX Designer | 2,590 EUR | -21% |
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 |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for Creative Designer in Monaco?
A good and competitive compensation would range anywhere between 2,940 EUR and 3,330 EUR. This is a very rough estimate and your experience and education will play a very huge part into your 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 salart after tax for every career.
Base / Basic Salary
The base salary for Creative Designer in Monaco is ranges from 2,450 EUR to 3,330 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 in 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 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
