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Physician - Hematology / Oncology Average Salary in Monaco 2023

How much money does a Physician - Hematology / Oncology make in Monaco?

Average Monthly Salary
10,500 EUR
( 126,000 EUR yearly)


A person working as a Physician - Hematology / Oncology in Monaco typically earns around 10,500 EUR per month. Salaries range from 5,360 EUR (lowest) to 16,200 EUR (highest).

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

Physician - Hematology / Oncology Salary Distribution in Monaco

Median and salary distribution monthly Monaco Physician - Hematology / Oncology
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The median, the maximum, the minimum, and the range

  • Salary Range

    Physician - Hematology / Oncology salaries in Monaco range from 5,360 EUR per month (minimum salary) to 16,200 EUR per month (maximum salary).

  • Median Salary

    The median salary is 10,300 EUR per month, which means that half (50%) of people working as Physician - Hematology / Oncology(s) are earning less than 10,300 EUR while the other half are earning more than 10,300 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 Physician - Hematology / Oncology(s) are earning less than 7,040 EUR while 75% of them are earning more than 7,040 EUR. Also from the diagram, 75% of Physician - Hematology / Oncology(s) are earning less than 13,000 EUR while 25% are earning more than 13,000 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

Physician - Hematology / Oncology Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Monaco Physician - Hematology / Oncology
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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 Physician - Hematology / Oncology salaries by experience level and this is what we found.

A Physician - Hematology / Oncology with less than two years of experience makes approximately 6,010 EUR per month.

While someone with an experience level between two and five years is expected to earn 7,840 EUR per month, 31% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 11,000 EUR per month, 40% 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, Physician - Hematology / Oncology(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 13,200 EUR per month, 20% 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 14,300 EUR per month, 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 15,500 EUR per month, 8% more than people with fifteen to twenty years of experience.

Physician - Hematology / Oncology average salary change by experience in Monaco

0 - 2 Years
6,010 EUR
2 - 5 Years+31%
7,840 EUR
5 - 10 Years+40%
11,000 EUR
10 - 15 Years+20%
13,200 EUR
15 - 20 Years+9%
14,300 EUR
20+ Years+8%
15,500 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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Physician - Hematology / Oncology Salary Comparison By Gender

Salary comparison by gender monthly Monaco Physician - Hematology / Oncology
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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 Physician - Hematology / Oncology employees in Monaco earn 16% more than their female counterparts on average.

11,300 EUR
9,740 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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Physician - Hematology / Oncology Average Annual Salary Increment Percentage in Monaco

How much are annual salary increments in Monaco for Physician - Hematology / Oncology(s)? How often do employees get salary raises?

Physician - Hematology / Oncology

Physician - Hematology / Oncology(s) in Monaco are likely to observe a salary increase of approximately 10% every 27 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Monaco Physician - Hematology / Oncology
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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

Information Technology

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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Physician - Hematology / Oncology Bonus and Incentive Rates in Monaco

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Monaco Physician - Hematology / Oncology
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A Physician - Hematology / Oncology is considered to be a high 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.

35% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 65% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.

Received Bonus
No Bonus

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.

A graphics designer working for a graphics designing company.

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.

Physician - Hematology / Oncology Average Hourly Wage in Monaco

61 EUR per hour

The average hourly wage (pay per hour) in Monaco is 61 EUR. This means that the average Physician - Hematology / Oncology in Monaco earns approximately 61 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.

Physician - Hematology / Oncology VS Other Jobs

Salary Comparison Between Physician - Hematology / Oncology and Health and Medical monthly Monaco
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The average salary for Physician - Hematology / Oncology is 10% more than that of Doctor / Physician. Also, Doctor / Physician salaries are 55% more than those of Health and Medical.

Salary comparison with similar jobs

Job TitleAverage Salary
Advanced Nutrition Aide6,150 EUR-41%
Advanced Practice Provider5,520 EUR-47%
Allergist7,480 EUR-29%
Behavioral Health Specialist4,540 EUR-57%
Chiropractor4,790 EUR-54%
Clinical Psychologist12,600 EUR+20%
Correctional Treatment Specialist7,340 EUR-30%
Counseling Psychologist9,470 EUR-10%
Dermatologist12,400 EUR+18%
Dietitian8,020 EUR-24%
Doctor10,400 EUR-1%
Emergency Department Physician9,160 EUR-13%
Exercise Physiologist10,100 EUR-4%
Forensic Pathologist10,600 EUR+1%
General Medical Practitioner8,360 EUR-20%
Genetic Counselor6,380 EUR-39%
Internist12,900 EUR+23%
Interventionist11,700 EUR+11%
Invasive Cardiologist16,200 EUR+54%
Mental Health Therapst7,420 EUR-29%
Naturopathic Physician12,300 EUR+17%
Neurologist12,700 EUR+21%
Neurophysiology Technologist3,750 EUR-64%
Nuclear Medicine Physician10,500 EUR-0%
Obstetrician / Gynecologist11,300 EUR+8%
Occupational Health Safety Specialist5,810 EUR-45%
Ophthalmologist8,250 EUR-21%
Optometrist8,470 EUR-19%
Pediatrician9,300 EUR-11%
Physical Therapist6,590 EUR-37%
Physical Therapy Director7,880 EUR-25%
Physician - Anesthesiology13,600 EUR+29%
Physician - Cardiology15,200 EUR+45%
Physician - CCU8,250 EUR-21%
Physician - Dermatology12,000 EUR+14%
Physician - Emergency Room9,480 EUR-10%
Physician - Endocrinology11,400 EUR+9%
Physician - Family Practice8,340 EUR-21%
Physician - Gastroenterology10,600 EUR+1%
Physician - Generalist8,900 EUR-15%
Physician - Geriatrics8,030 EUR-24%
Physician - Hematology / Oncology10,500 EUR-0%
Physician - Immunology / Allergy11,800 EUR+12%
Physician - Infectious Disease10,500 EUR-0%
Physician - Internal Medicine12,000 EUR+14%
Physician - Maternal / Fetal Medicine10,100 EUR-4%
Physician - Nephrology12,800 EUR+22%
Physician - Neurology12,100 EUR+15%
Physician - Nuclear Medicine10,800 EUR+3%
Physician - Obstetrics / Gynecology10,700 EUR+2%
Physician - Occupational Medicine8,730 EUR-17%
Physician - Ophthalmology7,760 EUR-26%
Physician - Otolaryngology7,620 EUR-27%
Physician - Pain Medicine7,430 EUR-29%
Physician - Pathology8,840 EUR-16%
Physician - Pediatric Cardiology11,300 EUR+8%
Physician - Pediatric Neonatology10,200 EUR-3%
Physician - Pediatrics9,670 EUR-8%
Physician - Physiatry10,900 EUR+4%
Physician - Podiatry9,510 EUR-9%
Physician - Pulmonary Medicine7,900 EUR-25%
Physician - Radiation Therapy12,000 EUR+14%
Physician - Radiology12,500 EUR+19%
Physician - Rheumatology10,500 EUR-0%
Physician - Sports Medicine10,800 EUR+3%
Physician - Urology14,500 EUR+38%
Physician Assistant6,560 EUR-38%
Physiotherapist7,600 EUR-28%
Podiatrist7,790 EUR-26%
Preventive Medicine Physician9,820 EUR-6%
Psychiatrist10,900 EUR+4%
Psychololgist10,200 EUR-3%
Psychometrician9,160 EUR-13%
Radiologist10,800 EUR+3%
Registered Respiratory Therapist6,390 EUR-39%
Skin Care Specialist6,140 EUR-42%
Urologist14,000 EUR+33%
Vision Rehabilitation Therapist6,460 EUR-38%

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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