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Physician - Cardiology Average Salary in Cyprus 2023

How much money does a Physician - Cardiology make in Cyprus?

Average Monthly Salary
8,240 EUR
( 98,900 EUR yearly)


A person working as a Physician - Cardiology in Cyprus typically earns around 8,240 EUR per month. Salaries range from 4,120 EUR (lowest) to 12,800 EUR (highest).

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

Physician - Cardiology Salary Distribution in Cyprus

Median and salary distribution monthly Cyprus Physician - Cardiology
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The median, the maximum, the minimum, and the range

  • Salary Range

    Physician - Cardiology salaries in Cyprus range from 4,120 EUR per month (minimum salary) to 12,800 EUR per month (maximum salary).

  • Median Salary

    The median salary is 8,240 EUR per month, which means that half (50%) of people working as Physician - Cardiology(s) are earning less than 8,240 EUR while the other half are earning more than 8,240 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 - Cardiology(s) are earning less than 5,560 EUR while 75% of them are earning more than 5,560 EUR. Also from the diagram, 75% of Physician - Cardiology(s) are earning less than 10,500 EUR while 25% are earning more than 10,500 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 - Cardiology Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Cyprus Physician - Cardiology
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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 - Cardiology salaries by experience level and this is what we found.

A Physician - Cardiology with less than two years of experience makes approximately 4,940 EUR per month.

While someone with an experience level between two and five years is expected to earn 6,540 EUR per month, 32% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 8,750 EUR per month, 34% 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 - Cardiology(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 10,400 EUR per month, 19% 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 11,300 EUR per month, 8% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 12,100 EUR per month, 7% more than people with fifteen to twenty years of experience.

Physician - Cardiology average salary change by experience in Cyprus

0 - 2 Years
4,940 EUR
2 - 5 Years+32%
6,540 EUR
5 - 10 Years+34%
8,750 EUR
10 - 15 Years+19%
10,400 EUR
15 - 20 Years+8%
11,300 EUR
20+ Years+7%
12,100 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 - Cardiology Salary Comparison By Gender

Salary comparison by gender monthly Cyprus Physician - Cardiology
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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 - Cardiology employees in Cyprus earn 5% more than their female counterparts on average.

8,420 EUR
8,050 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Cyprus for all Careers

Salary comparison by gender monthly Cyprus
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Physician - Cardiology Average Annual Salary Increment Percentage in Cyprus

How much are annual salary increments in Cyprus for Physician - Cardiology(s)? How often do employees get salary raises?

Physician - Cardiology

Physician - Cardiology(s) in Cyprus are likely to observe a salary increase of approximately 11% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Cyprus Physician - Cardiology
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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.

Cyprus / 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 Cyprus is 2%.

Annual Increment Rate By Industry 2022

Information Technology

Listed above are the average annual increase rates for each industry in Cyprus 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 - Cardiology Bonus and Incentive Rates in Cyprus

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Cyprus Physician - Cardiology
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A Physician - Cardiology 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.

31% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 69% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% 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 - Cardiology Average Hourly Wage in Cyprus

48 EUR per hour

The average hourly wage (pay per hour) in Cyprus is 48 EUR. This means that the average Physician - Cardiology in Cyprus earns approximately 48 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 - Cardiology VS Other Jobs

Salary Comparison Between Physician - Cardiology and Health and Medical monthly Cyprus
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The average salary for Physician - Cardiology is 62% more than that of Doctor / Physician. Also, Doctor / Physician salaries are 57% more than those of Health and Medical.

Salary comparison with similar jobs

Job TitleAverage Salary
Advanced Nutrition Aide2,950 EUR-64%
Advanced Practice Provider2,950 EUR-64%
Allergist3,930 EUR-52%
Behavioral Health Specialist2,470 EUR-70%
Chiropractor2,520 EUR-69%
Clinical Psychologist6,810 EUR-17%
Correctional Treatment Specialist3,830 EUR-54%
Counseling Psychologist5,200 EUR-37%
Dermatologist6,520 EUR-21%
Dietitian3,990 EUR-52%
Doctor5,580 EUR-32%
Emergency Department Physician4,560 EUR-45%
Exercise Physiologist5,100 EUR-38%
Forensic Pathologist5,840 EUR-29%
General Medical Practitioner4,220 EUR-49%
Genetic Counselor3,420 EUR-58%
Internist6,360 EUR-23%
Interventionist6,460 EUR-22%
Invasive Cardiologist8,240 EUR=
Mental Health Therapst3,830 EUR-54%
Naturopathic Physician6,460 EUR-22%
Neurologist6,470 EUR-21%
Neurophysiology Technologist1,900 EUR-77%
Nuclear Medicine Physician5,620 EUR-32%
Obstetrician / Gynecologist5,710 EUR-31%
Occupational Health Safety Specialist2,930 EUR-64%
Ophthalmologist4,470 EUR-46%
Optometrist4,320 EUR-48%
Pediatrician5,080 EUR-38%
Physical Therapist3,330 EUR-60%
Physical Therapy Director4,070 EUR-51%
Physician - Anesthesiology7,270 EUR-12%
Physician - Cardiology8,240 EUR=
Physician - CCU4,470 EUR-46%
Physician - Dermatology6,670 EUR-19%
Physician - Emergency Room4,790 EUR-42%
Physician - Endocrinology5,850 EUR-29%
Physician - Family Practice4,310 EUR-48%
Physician - Gastroenterology5,590 EUR-32%
Physician - Generalist4,740 EUR-42%
Physician - Geriatrics3,910 EUR-53%
Physician - Hematology / Oncology5,790 EUR-30%
Physician - Immunology / Allergy6,690 EUR-19%
Physician - Infectious Disease5,480 EUR-33%
Physician - Internal Medicine6,390 EUR-22%
Physician - Maternal / Fetal Medicine5,410 EUR-34%
Physician - Nephrology6,340 EUR-23%
Physician - Neurology6,700 EUR-19%
Physician - Nuclear Medicine5,450 EUR-34%
Physician - Obstetrics / Gynecology6,090 EUR-26%
Physician - Occupational Medicine4,510 EUR-45%
Physician - Ophthalmology4,050 EUR-51%
Physician - Otolaryngology4,020 EUR-51%
Physician - Pain Medicine3,590 EUR-56%
Physician - Pathology4,830 EUR-41%
Physician - Pediatric Cardiology5,710 EUR-31%
Physician - Pediatric Neonatology5,770 EUR-30%
Physician - Pediatrics5,000 EUR-39%
Physician - Physiatry5,750 EUR-30%
Physician - Podiatry5,060 EUR-39%
Physician - Pulmonary Medicine3,820 EUR-54%
Physician - Radiation Therapy6,630 EUR-20%
Physician - Radiology6,340 EUR-23%
Physician - Rheumatology5,910 EUR-28%
Physician - Sports Medicine5,610 EUR-32%
Physician - Urology7,680 EUR-7%
Physician Assistant3,430 EUR-58%
Physiotherapist4,040 EUR-51%
Podiatrist4,010 EUR-51%
Preventive Medicine Physician4,930 EUR-40%
Psychiatrist5,540 EUR-33%
Psychololgist5,570 EUR-32%
Psychometrician4,560 EUR-45%
Radiologist6,140 EUR-25%
Registered Respiratory Therapist3,540 EUR-57%
Skin Care Specialist3,100 EUR-62%
Urologist7,320 EUR-11%
Vision Rehabilitation Therapist3,470 EUR-58%

Salary Comparison By City

CityAverage Salary
Larnaka7,510 EUR
Limassol9,060 EUR
Nicosia7,750 EUR

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 Cyprus earn 18% more than their private sector counterparts on average across all sectors.

Private Sector
1,950 EUR
Public Sector+18%
2,290 EUR
Percentage increase and decrease are relative to the previous value

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