A person working in Executive and Management in Cyprus typically earns around 2,930 EUR per month. Salaries range from 970 EUR (lowest average) to 4,830 EUR (highest average, actual maximum salary is higher).
This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Executive and Management careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
|Job Title||Average Salary|
|Account Coordinator||2,070 EUR|
|Administration Manager||2,490 EUR|
|Area Manager||2,220 EUR|
|Asset Protection Associate||2,640 EUR|
|Assistant Director||2,530 EUR|
|Assistant Manager||2,530 EUR|
|Assistant Operations Manager||2,760 EUR|
|Assistant Project Manager||2,510 EUR|
|Assistant Section Head||2,110 EUR|
|Assistant to CEO||2,420 EUR|
|Assistant Vice President||2,540 EUR|
|Associate Director||2,530 EUR|
|Bid Manager||2,870 EUR|
|Branch Manager||2,740 EUR|
|Business Development Manager||3,130 EUR|
|Business Operations Associate||2,580 EUR|
|Business Operations Lead||2,550 EUR|
|Campaign Manager||2,880 EUR|
|Chairman of The Board||4,750 EUR|
|Chairman Office Manager||2,990 EUR|
|Chief Corporate Officer||3,780 EUR|
|Chief Executive Officer||4,580 EUR|
|Chief Financial Officer||4,350 EUR|
|Chief of Staff||2,270 EUR|
|Chief Operating Officer||3,640 EUR|
|Chief Risk Officer||2,960 EUR|
|Client Services Manager||3,150 EUR|
|Commercial Project Manager||2,680 EUR|
|Commodity Broker||2,030 EUR|
|Corporate Affairs Executive||2,840 EUR|
|Corporate Compliance Director||3,010 EUR|
|Corporate Director||3,350 EUR|
|Corporate Officer||2,290 EUR|
|Corporate Partnerships Officer||2,200 EUR|
|Country Manager||3,800 EUR|
|Deputy Director||3,310 EUR|
|Director of Accreditation||3,280 EUR|
|Director of Catering Services||2,820 EUR|
|Director of Client Services||3,010 EUR|
|Director of Facilities Management||2,730 EUR|
|Director of Operations||3,280 EUR|
|Director of Process Simplification||2,520 EUR|
|Director of Project Management||3,290 EUR|
|Director of Revenue Management||2,860 EUR|
|Director of Training and Development||2,940 EUR|
|Distribution Manager||3,330 EUR|
|Division Manager||2,900 EUR|
|Duty Manager||2,800 EUR|
|Engagement Manager||3,510 EUR|
|Executive Director||4,580 EUR|
|Executive Manager||3,750 EUR|
|Franchise Manager||3,950 EUR|
|General Manager||3,830 EUR|
|Global Master Data Manager||3,190 EUR|
|Head of Middle Office||3,040 EUR|
|Head of Projects||3,160 EUR|
|Head of Sustainability||2,720 EUR|
|Housing Manager||2,580 EUR|
|HSE Manager||2,680 EUR|
|Key Account Manager||2,620 EUR|
|Knowledge Manager||3,160 EUR|
|Location Manager||2,940 EUR|
|Logistics Manager||2,510 EUR|
|Management Consultant||2,490 EUR|
|Management Executive||3,460 EUR|
|Managing Director||3,990 EUR|
|MIS Executive||3,270 EUR|
|Ocean Services Manager||3,380 EUR|
|Operations Assistant||2,400 EUR|
|Operations Director||3,570 EUR|
|Operations Executive||3,430 EUR|
|Operations Manager||3,610 EUR|
|Operations Supervisor||2,890 EUR|
|Policy Administration Executive||2,750 EUR|
|Private Sector Executive||2,790 EUR|
|Product Development Manager||3,170 EUR|
|Product Executive||2,870 EUR|
|Production Executive||3,070 EUR|
|Production Manager||3,360 EUR|
|Production Supervisor||2,820 EUR|
|Program Manager||3,180 EUR|
|Programme Coordinator||2,350 EUR|
|Project Control Manager||3,230 EUR|
|Project Coordinator||1,910 EUR|
|Project Management Officer||2,360 EUR|
|Project Manager||2,410 EUR|
|Project Portfolio Manager||2,550 EUR|
|Quality Manager||2,490 EUR|
|R/D Director||2,850 EUR|
|Regional Director||4,480 EUR|
|Regional Manager||3,180 EUR|
|Relationship Manager||3,090 EUR|
|Retail District Manager||2,340 EUR|
|Revenue Manager||2,590 EUR|
|Risk and Capital Manager||3,630 EUR|
|Risk Officer||2,320 EUR|
|Safety Manager||2,390 EUR|
|Section Head||2,560 EUR|
|Service Manager||2,680 EUR|
|Shift Supervisor||1,900 EUR|
|Solutions Manager||2,330 EUR|
|Supply Chain Manager||3,380 EUR|
|Technical Manager||3,010 EUR|
|Territory Manager||3,010 EUR|
|Validation Manager||2,630 EUR|
|Vice President||3,810 EUR|
|Zone Manager||3,470 EUR|
Executive and Management salaries in Cyprus range from 970 EUR per month (minimum average salary) to 4,830 EUR per month (maximum average salary, actual maximum is higher).
The median salary is 2,810 EUR per month, which means that half (50%) of people working in Executive and Management are earning less than 2,810 EUR while the other half are earning more than 2,810 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 people working in Executive and Management are earning less than 1,700 EUR while 75% of them are earning more than 1,700 EUR. Also from the diagram, 75% of people working in Executive and Management are earning less than 3,670 EUR while 25% are earning more than 3,670 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 the wage.
Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.
Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.
As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.
Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.
It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.
Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.
Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.
Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.
Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.
A Master's degree program or any post-graduate program in Cyprus costs anywhere from 10,800 Euro(s) to 32,500 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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then 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? Male employees in Cyprus who work in Executive and Management earn 6% more than their female counterparts on average.
Executive and Management professionals in Cyprus are likely to observe a salary increase of approximately 8% every 25 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 Cyprus for the year 2021. 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.
Executive and Management is considered to be a high bonus-based field 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.
42% of surveyed staff in Executive and Management reported that they haven't received any bonuses or incentives in the previous year while 58% 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 Executive and Management is 35% more than that of All Jobs.
Where can you get paid more, working for a private company or for the government? Public sector employees in Cyprus earn 18% more than their private sector counterparts on average across all sectors.