A person working as Professor - Accounting in Monaco typically earns around 6,220 EUR. Salaries range from 3,360 EUR (lowest) to 9,390 EUR (highest).
This is the average salary including housing, transport, and other benefits. Professor - Accounting 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 3,360 EUR |
Median 5,560 EUR |
Maximum 9,390 EUR |
Salaries for the position Professor - Accounting in Monaco range from 3,360 EUR (starting salary) to 9,390 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 5,560 EUR, half of the professionals who work as Professor - Accounting 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 Professor - Accounting in Monaco earn less than 4,650 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 6,280 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 Professor - Accounting in Monaco compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 3,690 EUR to 4,960 EUR. About 20% of salaries are below the 3,690 EUR mark, while 10% fall within the range of 4,960 EUR to 5,540 EUR. Only 5% of individuals have salaries exceeding 5,540 EUR.
0 - 2 Years | 3,900 EUR | |
2 - 5 Years | +26% | 4,930 EUR |
5 - 10 Years | +32% | 6,500 EUR |
10 - 15 Years | +18% | 7,640 EUR |
15 - 20 Years | +11% | 8,460 EUR |
20+ Years | +6% | 9,000 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 Professor - Accounting and this is what we found.
Employees with less than two years of experience earn approximately 3,900 EUR.
While someone with an experience level between two and five years is expected to earn 4,930 EUR, 26% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 6,500 EUR, 32% 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 7,640 EUR, 18% 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 8,460 EUR, 11% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 9,000 EUR, 6% more than people with fifteen to twenty years of experience.
Master's Degree | 4,690 EUR | |
PhD | +64% | 7,700 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 salaries by education level for the position Professor - Accounting in order to make a comparison.
Employees at this education level have an average salary of 4,690 EUR.
At this level, the average salary becomes 7,700 EUR, 64% 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 Professor - Accounting in Monaco, the average difference between the salary of male and female employees is 9%.
Male | 6,440 EUR | |
Female | -8% | 5,910 EUR |
Individuals working as Professor - Accounting in Monaco are likely to observe a salary increase of approximately 8% 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.
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 4% to 5% of their annual salary.
Received Bonus | 34% | |
No Bonus | 66% |
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 Professor - Accounting in Monaco is 19 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 |
Teaching / Education | -100% | |
Academic Advisor | 4,360 EUR | -30% |
Academic Assistant | 3,410 EUR | -45% |
Academic Coach | 4,510 EUR | -27% |
Academic Librarian | 3,250 EUR | -48% |
Academic Manager | 5,130 EUR | -18% |
Academic Specialist | 4,110 EUR | -34% |
Academic Staff | 3,400 EUR | -45% |
Accompanist | 3,590 EUR | -42% |
Achievement Coach | 4,550 EUR | -27% |
Admissions Specialist | 3,840 EUR | -38% |
Agricultural Sciences Teacher | 3,620 EUR | -42% |
Anthropology Teacher | 3,760 EUR | -40% |
Arabic Language Teacher | 3,470 EUR | -44% |
Archeology Teacher | 3,690 EUR | -41% |
Architecture Teacher | 4,160 EUR | -33% |
Archivist | 3,070 EUR | -51% |
Art Teacher | 3,210 EUR | -48% |
Assistant School Principal | 4,770 EUR | -23% |
Assistant Teacher | 3,060 EUR | -51% |
Biochemistry Professor | 6,170 EUR | -1% |
Biology Teacher | 3,590 EUR | -42% |
Blended Learning Specialist | 4,530 EUR | -27% |
Bursary Scheme Manager | 4,180 EUR | -33% |
Business Teacher | 3,700 EUR | -41% |
Careers Advisor | 4,410 EUR | -29% |
Careers Consultant | 4,440 EUR | -29% |
Chemistry Teacher | 3,590 EUR | -42% |
Chief Remote Learning Officer | 5,570 EUR | -10% |
Child Care Coordinator | 3,480 EUR | -44% |
Child Care Worker | 2,990 EUR | -52% |
Childcare Worker | 2,930 EUR | -53% |
Classroom Assistant | 2,830 EUR | -54% |
Clinical School Psychologist | 5,110 EUR | -18% |
Coding Coach | 3,950 EUR | -36% |
College Aide | 4,470 EUR | -28% |
College and Career Readiness Specialist | 4,910 EUR | -21% |
College Dean | 7,960 EUR | +28% |
College President | 7,580 EUR | +22% |
Communications Teacher | 3,560 EUR | -43% |
Community Education Officer | 3,060 EUR | -51% |
Computer Science Teacher | 3,290 EUR | -47% |
Computer Teacher | 3,430 EUR | -45% |
Creative Writing Trainer | 4,000 EUR | -36% |
Credit Counselor | 4,170 EUR | -33% |
Cultural Studies Teacher | 3,400 EUR | -45% |
Curriculum Coordinator | 4,280 EUR | -31% |
Curriculum Developer | 4,560 EUR | -27% |
Curriculum Specialist | 4,590 EUR | -26% |
Dean of Faculty | 7,230 EUR | +16% |
Demonstrator | 3,190 EUR | -49% |
Deputy Controller of Examinations | 4,310 EUR | -31% |
Digital Citizenship Educator | 3,630 EUR | -42% |
Digital Literacy Instructor | 3,560 EUR | -43% |
Director of Learning Technology | 4,560 EUR | -27% |
Distance Learning Coordinator | 3,840 EUR | -38% |
E-Learning Consultant | 4,900 EUR | -21% |
E-learning Content Developer | 4,920 EUR | -21% |
E-Learning Designer | 4,470 EUR | -28% |
Economics Lecturer | 5,680 EUR | -9% |
Economics Teacher | 3,580 EUR | -42% |
EdTech Compliance Manager | 3,760 EUR | -40% |
EdTech Consultant | 4,040 EUR | -35% |
EdTech Content Creator | 3,960 EUR | -36% |
Education Administrator | 3,860 EUR | -38% |
Education Assistant | 3,280 EUR | -47% |
Education Assistant Director | 4,580 EUR | -26% |
Education Assistant Librarian | 2,840 EUR | -54% |
Education Assistant Principal | 3,900 EUR | -37% |
Education Assistant Professor | 5,130 EUR | -18% |
Education Associate | 3,480 EUR | -44% |
Education Consultant | 4,560 EUR | -27% |
Education Coordinator | 3,720 EUR | -40% |
Education Counselor | 4,230 EUR | -32% |
Education Director | 5,880 EUR | -5% |
Education Policy Analyst | 4,850 EUR | -22% |
Education Program Specialist | 4,640 EUR | -25% |
Education Researcher | 4,910 EUR | -21% |
Education Resource Specialist | 3,970 EUR | -36% |
Education Services Facilitator | 3,930 EUR | -37% |
Education Technology Specialist | 4,150 EUR | -33% |
Educational Content Writer | 4,310 EUR | -31% |
Educational Data Privacy Officer | 4,320 EUR | -31% |
Educational Psychologist | 5,430 EUR | -13% |
EFL Teacher | 3,670 EUR | -41% |
eLearning Trainer | 3,270 EUR | -47% |
Elementary School Teacher | 2,870 EUR | -54% |
Engineering Lecturer | 5,600 EUR | -10% |
Engineering Teacher | 4,930 EUR | -21% |
English Teacher | 3,410 EUR | -45% |
ESL Teacher | 3,520 EUR | -43% |
Faculty Assistant | 4,570 EUR | -27% |
Foreign Language Teacher | 3,400 EUR | -45% |
GED Teacher | 3,150 EUR | -49% |
Geography Teacher | 3,570 EUR | -43% |
Head of Mathematics Department | 4,880 EUR | -22% |
Head of School | 5,580 EUR | -10% |
High School Teacher | 4,080 EUR | -34% |
History Teacher | 3,720 EUR | -40% |
Infant Teacher | 2,720 EUR | -56% |
Instructional Assistant | 3,650 EUR | -41% |
Instructional Coach | 4,020 EUR | -35% |
Instructor | 4,000 EUR | -36% |
Kindergarten Teacher | 2,960 EUR | -52% |
Language Instructor For Expatriate | 2,890 EUR | -54% |
Law Teacher | 4,870 EUR | -22% |
Learning Designer | 4,160 EUR | -33% |
Learning Experience Designer | 5,080 EUR | -18% |
Learning Management System Administrator | 3,820 EUR | -39% |
Lecturer | 6,080 EUR | -2% |
Librarian | 2,890 EUR | -54% |
Library Assistant | 2,540 EUR | -59% |
Library Director | 4,210 EUR | -32% |
Library Specialist | 3,310 EUR | -47% |
Library Technician | 2,780 EUR | -55% |
Life Sciences Teacher | 3,550 EUR | -43% |
Makerspace Coordinator and Facilitator | 3,260 EUR | -48% |
Math Lecturer | 6,510 EUR | +5% |
Math Teacher | 4,180 EUR | -33% |
Mathematics Teacher | 3,980 EUR | -36% |
Mentor | 3,810 EUR | -39% |
Middle School Teacher | 3,590 EUR | -42% |
Music Teacher | 3,280 EUR | -47% |
Nursery Manager | 5,000 EUR | -20% |
Nursery Worker | 2,340 EUR | -62% |
Online Course Developer | 4,150 EUR | -33% |
Online Course Instructor | 4,080 EUR | -34% |
Online Learning Facilitator | 3,660 EUR | -41% |
Online Tutor | 3,450 EUR | -45% |
Paraprofessional | 4,940 EUR | -21% |
Personalized Learning Specialist | 4,500 EUR | -28% |
Physical Education Specialist | 3,850 EUR | -38% |
Physical Education Teacher | 3,290 EUR | -47% |
Physics Teacher | 3,660 EUR | -41% |
Political Science Teacher | 3,590 EUR | -42% |
Post Doctoral Researcher | 5,720 EUR | -8% |
Preschool Education Administrator | 4,130 EUR | -34% |
Preschool Teacher | 3,010 EUR | -52% |
Primary School Teacher | 3,140 EUR | -50% |
Principal | 4,860 EUR | -22% |
Product Specialist | 4,000 EUR | -36% |
Professor - Accounting | 6,220 EUR | +0% |
Professor - Architecture | 6,580 EUR | +6% |
Professor - Biology | 6,020 EUR | -3% |
Professor - Business Administration | 6,130 EUR | -1% |
Professor - Chemical Engineering | 6,310 EUR | +1% |
Professor - Chemistry | 6,480 EUR | +4% |
Professor - Civil Engineering | 5,690 EUR | -9% |
Professor - Communication | 5,890 EUR | -5% |
Professor - Computer Science | 6,440 EUR | +4% |
Professor - Dentistry | 6,320 EUR | +2% |
Professor - Drama | 6,090 EUR | -2% |
Professor - Economics | 6,170 EUR | -1% |
Professor - Education | 6,340 EUR | +2% |
Professor - Electrical Engineering | 6,870 EUR | +10% |
Professor - English | 5,900 EUR | -5% |
Professor - Environmental Engineering | 6,560 EUR | +5% |
Professor - Foreign Languages | 5,760 EUR | -7% |
Professor - Geological Sciences | 6,210 EUR | -0% |
Professor - History | 5,900 EUR | -5% |
Professor - Industrial Engineering | 6,110 EUR | -2% |
Professor - Law | 6,880 EUR | +11% |
Professor - Legal Support | 5,820 EUR | -6% |
Professor - Liberal Arts | 6,320 EUR | +2% |
Professor - Marketing | 6,330 EUR | +2% |
Professor - Mathematics | 6,480 EUR | +4% |
Professor - Mechanical Engineering | 6,620 EUR | +6% |
Professor - Medical Administration | 6,280 EUR | +1% |
Professor - Medicine | 7,340 EUR | +18% |
Professor - Music | 5,920 EUR | -5% |
Professor - Nursing | 5,730 EUR | -8% |
Professor - Pharmaceutical Sciences | 6,280 EUR | +1% |
Professor - Philosophy | 5,970 EUR | -4% |
Professor - Physical Therapy | 6,530 EUR | +5% |
Professor - Physics | 7,010 EUR | +13% |
Professor - Psychology | 6,040 EUR | -3% |
Professor - Rehabilitation | 5,890 EUR | -5% |
Professor - Social Work | 5,460 EUR | -12% |
Professor - Sociology | 6,190 EUR | -0% |
Professor - Special Education | 5,930 EUR | -5% |
Psychology Teacher | 5,230 EUR | -16% |
Public Management Assistant Professor | 5,410 EUR | -13% |
School Counselor | 4,620 EUR | -26% |
Science Educator | 3,560 EUR | -43% |
Science Laboratory Assistant | 3,230 EUR | -48% |
Science Teacher | 3,730 EUR | -40% |
Secondary Mathematics Teacher | 3,550 EUR | -43% |
Secondary School Teacher | 3,350 EUR | -46% |
Special Education Advocate | 4,720 EUR | -24% |
Special Education Teacher | 3,700 EUR | -41% |
Special Needs Assistant | 3,200 EUR | -49% |
Statistics Lecturer | 6,000 EUR | -4% |
STEAM Educator | 3,540 EUR | -43% |
STEM Educator | 3,280 EUR | -47% |
Student Accounts Coordinator | 3,580 EUR | -42% |
Student Development Specialist | 4,160 EUR | -33% |
Student Employment Specialist | 4,130 EUR | -34% |
Student Services | 3,300 EUR | -47% |
Student Services Coordinator | 3,190 EUR | -49% |
Student Support Manager | 4,330 EUR | -30% |
Substitute Teacher | 3,000 EUR | -52% |
Teacher | 3,150 EUR | -49% |
Teacher Aide | 3,000 EUR | -52% |
Teacher Trainer | 4,110 EUR | -34% |
Teaching Assistant | 2,890 EUR | -54% |
TEFL Teacher | 3,640 EUR | -41% |
Training and Development Specialist | 4,600 EUR | -26% |
Training Coordinator | 3,120 EUR | -50% |
Tutor | 3,510 EUR | -44% |
University Teacher | 5,720 EUR | -8% |
Virtual Teacher | 3,230 EUR | -48% |
Vocational Education Teacher | 3,470 EUR | -44% |
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 5,560 EUR and 6,280 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 Professor - Accounting in Monaco ranges from 3,360 EUR to 4,650 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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