Physician - Cardiology Average Salary in Cyprus 2023
How much money does a Physician - Cardiology make in Cyprus?
LOW
4,120
EUR AVERAGE
8,240
EUR HIGH
12,800
EUR
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
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?
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.
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 |
Typical Salary Progress for Most Careers
Physician - Cardiology Salary Comparison By Gender
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.
| Male | 8,420 EUR | |
| Female | -4% | 8,050 EUR |
Salary Comparison By Gender in Cyprus for all Careers
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.
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
Annual Increment Rate By Industry 2022
| Banking | 2% | |
| Energy | 4% | |
| Information Technology | 6% | |
| Healthcare | 8% | |
| Travel | 1% | |
| Construction | 3% | |
| Education | 5% |
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
Physician - Cardiology Bonus and Incentive Rates in Cyprus
How much and how often are bonuses being awarded?
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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 | 69% | |
| No Bonus | 31% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe 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.
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 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.
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 hourThe 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.
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
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 Title | Average Salary |
| Advanced Nutrition Aide | 2,950 EUR |  -64% |
| Advanced Practice Provider | 2,950 EUR | -64% |
| Allergist | 3,930 EUR | -52% |
| Behavioral Health Specialist | 2,470 EUR | -70% |
| Chiropractor | 2,520 EUR | -69% |
| Clinical Psychologist | 6,810 EUR | -17% |
| Correctional Treatment Specialist | 3,830 EUR | -54% |
| Counseling Psychologist | 5,200 EUR | -37% |
| Dermatologist | 6,520 EUR | -21% |
| Dietitian | 3,990 EUR | -52% |
| Doctor | 5,580 EUR | -32% |
| Emergency Department Physician | 4,560 EUR | -45% |
| Exercise Physiologist | 5,100 EUR | -38% |
| Forensic Pathologist | 5,840 EUR | -29% |
| General Medical Practitioner | 4,220 EUR | -49% |
| Genetic Counselor | 3,420 EUR | -58% |
| Internist | 6,360 EUR | -23% |
| Interventionist | 6,460 EUR | -22% |
| Invasive Cardiologist | 8,240 EUR | = |
| Mental Health Therapst | 3,830 EUR | -54% |
| Naturopathic Physician | 6,460 EUR | -22% |
| Neurologist | 6,470 EUR | -21% |
| Neurophysiology Technologist | 1,900 EUR | -77% |
| Nuclear Medicine Physician | 5,620 EUR | -32% |
| Obstetrician / Gynecologist | 5,710 EUR | -31% |
| Occupational Health Safety Specialist | 2,930 EUR | -64% |
| Ophthalmologist | 4,470 EUR | -46% |
| Optometrist | 4,320 EUR | -48% |
| Pediatrician | 5,080 EUR | -38% |
| Physical Therapist | 3,330 EUR | -60% |
| Physical Therapy Director | 4,070 EUR | -51% |
| Physician - Anesthesiology | 7,270 EUR | -12% |
| Physician - Cardiology | 8,240 EUR | = |
| Physician - CCU | 4,470 EUR | -46% |
| Physician - Dermatology | 6,670 EUR | -19% |
| Physician - Emergency Room | 4,790 EUR | -42% |
| Physician - Endocrinology | 5,850 EUR | -29% |
| Physician - Family Practice | 4,310 EUR | -48% |
| Physician - Gastroenterology | 5,590 EUR | -32% |
| Physician - Generalist | 4,740 EUR | -42% |
| Physician - Geriatrics | 3,910 EUR | -53% |
| Physician - Hematology / Oncology | 5,790 EUR | -30% |
| Physician - Immunology / Allergy | 6,690 EUR | -19% |
| Physician - Infectious Disease | 5,480 EUR | -33% |
| Physician - Internal Medicine | 6,390 EUR | -22% |
| Physician - Maternal / Fetal Medicine | 5,410 EUR | -34% |
| Physician - Nephrology | 6,340 EUR | -23% |
| Physician - Neurology | 6,700 EUR | -19% |
| Physician - Nuclear Medicine | 5,450 EUR | -34% |
| Physician - Obstetrics / Gynecology | 6,090 EUR | -26% |
| Physician - Occupational Medicine | 4,510 EUR | -45% |
| Physician - Ophthalmology | 4,050 EUR | -51% |
| Physician - Otolaryngology | 4,020 EUR | -51% |
| Physician - Pain Medicine | 3,590 EUR | -56% |
| Physician - Pathology | 4,830 EUR | -41% |
| Physician - Pediatric Cardiology | 5,710 EUR | -31% |
| Physician - Pediatric Neonatology | 5,770 EUR | -30% |
| Physician - Pediatrics | 5,000 EUR | -39% |
| Physician - Physiatry | 5,750 EUR | -30% |
| Physician - Podiatry | 5,060 EUR | -39% |
| Physician - Pulmonary Medicine | 3,820 EUR | -54% |
| Physician - Radiation Therapy | 6,630 EUR | -20% |
| Physician - Radiology | 6,340 EUR | -23% |
| Physician - Rheumatology | 5,910 EUR | -28% |
| Physician - Sports Medicine | 5,610 EUR | -32% |
| Physician - Urology | 7,680 EUR | -7% |
| Physician Assistant | 3,430 EUR | -58% |
| Physiotherapist | 4,040 EUR | -51% |
| Podiatrist | 4,010 EUR | -51% |
| Preventive Medicine Physician | 4,930 EUR | -40% |
| Psychiatrist | 5,540 EUR | -33% |
| Psychololgist | 5,570 EUR | -32% |
| Psychometrician | 4,560 EUR | -45% |
| Radiologist | 6,140 EUR | -25% |
| Registered Respiratory Therapist | 3,540 EUR | -57% |
| Skin Care Specialist | 3,100 EUR | -62% |
| Urologist | 7,320 EUR | -11% |
| Vision Rehabilitation Therapist | 3,470 EUR | -58% |
Salary Comparison By City
| City | Average Salary |
| Larnaka | 7,510 EUR |
| Limassol | 9,060 EUR |
| Nicosia | 7,750 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 |
