HOME BROWSE SALARIES ARTICLES BEST PAYING JOBS SUBMIT SALARY
Browse Salaries
Best Paying Jobs
Articles
Submit Salary
Salary Increase Letters

Economic Development Specialist Average Salary in Germany 2024

How much money does a person working as Economic Development Specialist make in Germany?


Average Monthly Salary
5,650 EUR
( 67,800 EUR yearly)

LOW
2,600
EUR
AVERAGE
5,650
EUR
HIGH
8,980
EUR
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Economic Development Specialist in Germany typically earns around 5,650 EUR. Salaries range from 2,600 EUR (lowest) to 8,980 EUR (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Economic Development Specialist salaries in Germany vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Economic Development Specialist Pay Scale and Salaries in Germany

Median and salary distribution Germany Economic Development Specialist monthly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/germany/science-and-technical-services/economic-development-specialist/median-and-salary-distribution-monthly-germany-economic-development-specialist.jpg

Salary Structure and Pay Scale Comparison

5% of people earn
5,360 EUR or more
10% of people earn
4,690 to 5,360 EUR
20% of people earn
3,230 EUR or less
65% of people earn
3,230 to 4,690 EUR
Minimum Salary
2,600 EUR
Median
5,400 EUR
Maximum
8,980 EUR




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Economic Development Specialist in Germany range from 2,600 EUR (starting salary) to 8,980 EUR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 5,400 EUR, half of the professionals who work as Economic Development Specialist in Germany earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Economic Development Specialist in Germany earn less than 4,350 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 6,220 EUR while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Economic Development Specialist in Germany compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 3,230 EUR to 4,690 EUR. About 20% of salaries are below the 3,230 EUR mark, while 10% fall within the range of 4,690 EUR to 5,360 EUR. Only 5% of individuals have salaries exceeding 5,360 EUR.

Salary Comparison by Years of Experience / Economic Development Specialist / Germany

How do experience and age affect pay?

0 - 2 Years
2,950 EUR
2 - 5 Years+34%
3,940 EUR
5 - 10 Years+48%
5,820 EUR
10 - 15 Years+22%
7,100 EUR
15 - 20 Years+9%
7,740 EUR
20+ Years+8%
8,380 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Germany Economic Development Specialist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/germany/science-and-technical-services/economic-development-specialist/salary-comparison-by-years-of-experience-monthly-germany-economic-development-specialist.jpg

The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Economic Development Specialist and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 2,950 EUR.

While someone with an experience level between two and five years is expected to earn 3,940 EUR, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 5,820 EUR, 48% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 7,100 EUR, 22% 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 7,740 EUR, 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 8,380 EUR, 8% more than people with fifteen to twenty 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.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

Salary Comparison By Education / Economic Development Specialist / Germany

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Economic Development Specialist.

Bachelor's Degree
3,370 EUR
Master's Degree+57%
5,280 EUR
PhD+68%
8,850 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Germany Economic Development Specialist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/germany/science-and-technical-services/economic-development-specialist/salary-comparison-by-education-level-monthly-germany-economic-development-specialist.jpg

We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Economic Development Specialist in order to make a comparison.


Level 1: Bachelor's Degree

Employees at this education level have an average salary of 3,370 EUR.


Level 2: Master's Degree

At this level, the average salary becomes 5,280 EUR, 57% more than the previous level.


Level 3: PhD

At this level, the average salary becomes 8,850 EUR, 68% more than the previous level.



Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Germany costs anywhere from 19,100 EUR to 57,400 EUR 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 to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg


Salary and Compensation Comparison By Gender / Economic Development Specialist / Germany

Salary comparison by gender Germany Economic Development Specialist monthly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/germany/science-and-technical-services/economic-development-specialist/salary-comparison-by-gender-monthly-germany-economic-development-specialist.jpg

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Economic Development Specialist in Germany, the average difference between the salary of male and female employees is 6%.

Male
5,810 EUR
Female-6%
5,480 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Germany for all Careers

Salary comparison by gender monthly Germany
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/germany/salary-comparison-by-gender-monthly-germany.jpg


Average Annual Salary Increment Percentage / Economic Development Specialist / Germany

How much are annual salary increments in Germany for individuals working as Economic Development Specialist? How often do employees get salary raises?

Individuals working as Economic Development Specialist in Germany are likely to observe a salary increase of approximately 12% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.

Annual Salary Increment Rate Germany Economic Development Specialist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/germany/science-and-technical-services/economic-development-specialist/annual-salary-increment-rate-germany-economic-development-specialist.jpg


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.

Germany / All Professions

Annual Salary Increment Rate Germany
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/germany/annual-salary-increment-rate-germany.jpg

The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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 Germany is 6%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Economic Development Specialist / Germany

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Germany Economic Development Specialist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/germany/science-and-technical-services/economic-development-specialist/annual-salary-bonus-rate-germany-economic-development-specialist.jpg

38% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 62% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.

Received Bonus
62%
No Bonus
38%

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.

Example:
A graphics designer working for a graphics designing company.

Example:
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.

Average Hourly Wage / Economic Development Specialist / Germany


33 EUR per hour

The average hourly wage (pay per hour) for individuals working as Economic Development Specialist in Germany is 33 EUR.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

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 fixed 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.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Economic Development Specialist in Germany is 15 EUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Science and Technical Services-100%
3D Lab Technologist3,450 EUR-39%
3D Printing Specialist3,330 EUR-41%
Algorithm Developer4,680 EUR-17%
Analytical Chemist6,670 EUR+18%
Anthropologist4,910 EUR-13%
Archeologist4,430 EUR-22%
Assistant Breeder2,260 EUR-60%
Astronomer8,460 EUR+50%
Atmospheric and Space Scientist6,700 EUR+19%
Behavior Analyst4,340 EUR-23%
Behavior Intervention Specialist5,190 EUR-8%
Behavior Specialist4,730 EUR-16%
Biochemist7,610 EUR+35%
Biofuels Processing Technician3,150 EUR-44%
Biofuels Production Manager5,490 EUR-3%
Biologist7,600 EUR+35%
Biomedical Laboratory Officer3,000 EUR-47%
Biomedical Scientist7,710 EUR+36%
Biophysicist7,450 EUR+32%
Chemical Engineer3,800 EUR-33%
Chemical Technologist3,460 EUR-39%
Chemist7,000 EUR+24%
Chief Robotics Integration Officer5,250 EUR-7%
Chief Technologist6,420 EUR+14%
Climate Change Analyst4,800 EUR-15%
Clinical Laboratory Scientist7,760 EUR+37%
Computer Scientist5,700 EUR+1%
Conservation Scientist6,300 EUR+12%
Data Science Specialist4,880 EUR-14%
Data Scientist5,960 EUR+6%
DNA Analyst7,820 EUR+38%
Ecologist5,710 EUR+1%
Economic Development Specialist5,650 EUR+0%
Flavourist2,630 EUR-53%
Food Scientist5,010 EUR-11%
Forensic Scientist6,050 EUR+7%
Formulation Technologist3,080 EUR-45%
Fraud Investigator3,810 EUR-33%
Genomics Scientist7,870 EUR+39%
Geographer4,090 EUR-28%
Geographic Information Systems Technician2,570 EUR-55%
Geological Data Technician2,700 EUR-52%
Geological Technician3,220 EUR-43%
Geologist6,690 EUR+18%
Geomatics Scientist6,490 EUR+15%
Geophysical Data Technician2,470 EUR-56%
Geospatial Information Scientist and Technologist5,510 EUR-2%
Global Technical Lead8,230 EUR+46%
Hydrologist4,840 EUR-14%
Industrial Ecologist5,330 EUR-6%
Intelligence Analyst4,640 EUR-18%
Internet of Things (IoT) Architect3,890 EUR-31%
Internet of Things (IoT) Compliance Analyst3,980 EUR-30%
Internet of Things (IoT) Consultant4,600 EUR-19%
Internet of Things (IoT) Engineer3,780 EUR-33%
Internet of Things (IoT) Integration Specialist3,990 EUR-29%
Internet of Things (IoT) Logistics Analyst3,150 EUR-44%
Internet of Things (IoT) Security Analyst3,200 EUR-43%
Internet of Things (IoT) Specialist3,550 EUR-37%
Internet of Things (IoT) Technician2,950 EUR-48%
Knowledge Management Specialist3,680 EUR-35%
Lab Analyst3,220 EUR-43%
Lab Manager5,190 EUR-8%
Lab Technician2,390 EUR-58%
Laboratory Manager5,290 EUR-6%
Laboratory Researcher3,680 EUR-35%
Laboratory Technician2,320 EUR-59%
Life Sciences Analyst5,280 EUR-7%
Life Scientist6,060 EUR+7%
Marine Architect4,690 EUR-17%
Marine Biologist5,580 EUR-1%
Marine Superintendent3,200 EUR-43%
Materials Analyst3,440 EUR-39%
Materials Scientist5,670 EUR+0%
Mathematician5,890 EUR+4%
Medical Scientist7,660 EUR+36%
Metallurgist5,690 EUR+1%
Meteorologist5,590 EUR-1%
Microbiologist8,060 EUR+43%
Natural Language Processing Researcher4,650 EUR-18%
Natural Resource Specialist4,590 EUR-19%
Natural Resources Analyst4,870 EUR-14%
Natural Sciences Manager7,400 EUR+31%
Neurotechnology Specialist7,150 EUR+27%
Nuclear Engineer8,070 EUR+43%
Physical Scientist6,350 EUR+12%
Physicist7,250 EUR+28%
Political Scientist5,730 EUR+1%
Polygraph Examiner2,180 EUR-61%
Polysomnographic Technologist3,670 EUR-35%
Product Development Scientist6,250 EUR+11%
Quantitative Research Analyst5,020 EUR-11%
Quantitative Researcher5,440 EUR-4%
Quantum Algorithm Developer4,260 EUR-25%
Quantum Computing Engineer4,160 EUR-26%
Quantum Computing Ethics Officer3,860 EUR-32%
Quantum Computing Specialist4,340 EUR-23%
Radiation Protection Specialist4,330 EUR-23%
Refrigeration Technician1,720 EUR-70%
Research Scientist5,290 EUR-6%
Risk Safety Engineer3,490 EUR-38%
Robotics Architect4,350 EUR-23%
Scientific Photographer3,490 EUR-38%
Scientific Programmer4,860 EUR-14%
Scientist5,330 EUR-6%
Service Engineer3,320 EUR-41%
Service Technician2,380 EUR-58%
Social Science Research Assistant3,090 EUR-45%
Social Scientist6,200 EUR+10%
Sociologist5,860 EUR+4%
Soil Scientist4,840 EUR-14%
Statistical Analyst3,240 EUR-43%
Statistical Assistant2,560 EUR-55%
Statistician5,550 EUR-2%
Survey Analyst3,370 EUR-40%
Survey Researcher3,080 EUR-45%
Surveying and Mapping Technician2,050 EUR-64%
Team Leader4,620 EUR-18%
Technical Manager5,500 EUR-3%
Technical Officer2,370 EUR-58%
Technical Service Director6,770 EUR+20%
Technical Services Regulatory Affairs Specialist3,600 EUR-36%
Technical Services Research and Development Manager7,910 EUR+40%
Technical Services Research Associate3,950 EUR-30%
Technical Services Research Coordinator3,930 EUR-30%
Technician2,310 EUR-59%
Water Ecologist6,380 EUR+13%
Wearable Technology Developer3,790 EUR-33%
Wearables Specialist3,190 EUR-44%
Wildlife Biologist5,390 EUR-5%

Salary Comparison By City

CityAverage Salary
Berlin6,450 EUR
Dortmund5,400 EUR
Frankfurt5,970 EUR
Hamburg6,330 EUR
Munchen6,210 EUR
Stuttgart5,740 EUR

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Germany is 5% on average across all career fields.

Private Sector
3,740 EUR
Public Sector+5%
3,910 EUR
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Economic Development Specialist in Germany?

A good and competitive compensation would range anywhere between 5,400 EUR and 6,220 EUR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Economic Development Specialist in Germany ranges from 2,600 EUR to 4,350 EUR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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


Browse Salaries

Salary Increase Letters

Best Paying Jobs
Home BROWSE SALARIES ARTICLES BEST PAYING JOBS Salary Comparison Arabic Spanish

©Salary Explorer 2024