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 salaries in Monaco range from 5,360 EUR per month (minimum salary) to 16,200 EUR per month (maximum 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.
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.
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
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.
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.
|0 - 2 Years|
|2 - 5 Years||+31%|
|5 - 10 Years||+40%|
|10 - 15 Years||+20%|
|15 - 20 Years||+9%|
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.
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.
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.
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
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.
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.
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.
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.
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 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.
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.
|Job Title||Average Salary|
|Advanced Nutrition Aide||6,150 EUR||-41%|
|Advanced Practice Provider||5,520 EUR||-47%|
|Behavioral Health Specialist||4,540 EUR||-57%|
|Clinical Psychologist||12,600 EUR||+20%|
|Correctional Treatment Specialist||7,340 EUR||-30%|
|Counseling Psychologist||9,470 EUR||-10%|
|Emergency Department Physician||9,160 EUR||-13%|
|Exercise Physiologist||10,100 EUR||-4%|
|Forensic Pathologist||10,600 EUR||+1%|
|General Medical Practitioner||8,360 EUR||-20%|
|Genetic Counselor||6,380 EUR||-39%|
|Invasive Cardiologist||16,200 EUR||+54%|
|Mental Health Therapst||7,420 EUR||-29%|
|Naturopathic Physician||12,300 EUR||+17%|
|Neurophysiology Technologist||3,750 EUR||-64%|
|Nuclear Medicine Physician||10,500 EUR||-0%|
|Obstetrician / Gynecologist||11,300 EUR||+8%|
|Occupational Health Safety Specialist||5,810 EUR||-45%|
|Physical Therapist||6,590 EUR||-37%|
|Physical Therapy Director||7,880 EUR||-25%|
|Physician - Anesthesiology||13,600 EUR||+29%|
|Physician - Cardiology||15,200 EUR||+45%|
|Physician - CCU||8,250 EUR||-21%|
|Physician - Dermatology||12,000 EUR||+14%|
|Physician - Emergency Room||9,480 EUR||-10%|
|Physician - Endocrinology||11,400 EUR||+9%|
|Physician - Family Practice||8,340 EUR||-21%|
|Physician - Gastroenterology||10,600 EUR||+1%|
|Physician - Generalist||8,900 EUR||-15%|
|Physician - Geriatrics||8,030 EUR||-24%|
|Physician - Hematology / Oncology||10,500 EUR||-0%|
|Physician - Immunology / Allergy||11,800 EUR||+12%|
|Physician - Infectious Disease||10,500 EUR||-0%|
|Physician - Internal Medicine||12,000 EUR||+14%|
|Physician - Maternal / Fetal Medicine||10,100 EUR||-4%|
|Physician - Nephrology||12,800 EUR||+22%|
|Physician - Neurology||12,100 EUR||+15%|
|Physician - Nuclear Medicine||10,800 EUR||+3%|
|Physician - Obstetrics / Gynecology||10,700 EUR||+2%|
|Physician - Occupational Medicine||8,730 EUR||-17%|
|Physician - Ophthalmology||7,760 EUR||-26%|
|Physician - Otolaryngology||7,620 EUR||-27%|
|Physician - Pain Medicine||7,430 EUR||-29%|
|Physician - Pathology||8,840 EUR||-16%|
|Physician - Pediatric Cardiology||11,300 EUR||+8%|
|Physician - Pediatric Neonatology||10,200 EUR||-3%|
|Physician - Pediatrics||9,670 EUR||-8%|
|Physician - Physiatry||10,900 EUR||+4%|
|Physician - Podiatry||9,510 EUR||-9%|
|Physician - Pulmonary Medicine||7,900 EUR||-25%|
|Physician - Radiation Therapy||12,000 EUR||+14%|
|Physician - Radiology||12,500 EUR||+19%|
|Physician - Rheumatology||10,500 EUR||-0%|
|Physician - Sports Medicine||10,800 EUR||+3%|
|Physician - Urology||14,500 EUR||+38%|
|Physician Assistant||6,560 EUR||-38%|
|Preventive Medicine Physician||9,820 EUR||-6%|
|Registered Respiratory Therapist||6,390 EUR||-39%|
|Skin Care Specialist||6,140 EUR||-42%|
|Vision Rehabilitation Therapist||6,460 EUR||-38%|
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.
©Salary Explorer 2023