Construction Estimator Average Salary in Monaco 2024
How much money does a person working as Construction Estimator make in Monaco?
LOW
1,270
EUR AVERAGE
2,750
EUR HIGH
4,380
EUR
A person working as Construction Estimator in Monaco typically earns around 2,750 EUR. Salaries range from 1,270 EUR (lowest) to 4,380 EUR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Construction Estimator salaries in Monaco vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Construction Estimator Pay Scale and Salaries in Monaco
Salary Structure and Pay Scale Comparison
2,610 EUR or more
2,290 to 2,610 EUR
1,580 EUR or less
1,580 to 2,290 EUR
 1,270 EUR |
2,630 EUR |
4,380 EUR |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Construction Estimator in Monaco range from 1,270 EUR (starting salary) to 4,380 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 2,630 EUR, half of the professionals who work as Construction Estimator in Monaco 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 Construction Estimator in Monaco earn less than 2,120 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 3,030 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 Construction Estimator in Monaco compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 1,580 EUR to 2,290 EUR. About 20% of salaries are below the 1,580 EUR mark, while 10% fall within the range of 2,290 EUR to 2,610 EUR. Only 5% of individuals have salaries exceeding 2,610 EUR.
Salary Comparison by Years of Experience / Construction Estimator / Monaco
How do experience and age affect pay?
| 0 - 2 Years | 1,440 EUR | |
| 2 - 5 Years | +34% | 1,920 EUR |
| 5 - 10 Years | +48% | 2,840 EUR |
| 10 - 15 Years | +22% | 3,460 EUR |
| 15 - 20 Years | +9% | 3,770 EUR |
| 20+ Years | +8% | 4,080 EUR |
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 Construction Estimator and this is what we found.
Employees with less than two years of experience earn approximately 1,440 EUR.
While someone with an experience level between two and five years is expected to earn 1,920 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 2,840 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 3,460 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 3,770 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 4,080 EUR, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Construction Estimator / Monaco
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Construction Estimator.
| High School | 1,770 EUR | |
| Certificate or Diploma | +18% | 2,080 EUR |
| Bachelor's Degree | +45% | 3,010 EUR |
| Master's Degree | +31% | 3,940 EUR |
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 Construction Estimator in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 1,770 EUR.
Level 2: Certificate or Diploma
At this level, the average salary becomes 2,080 EUR, 18% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 3,010 EUR, 45% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 3,940 EUR, 31% 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 Monaco costs anywhere from 21,300 EUR to 63,800 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 and Compensation Comparison By Gender / Construction Estimator / Monaco
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 Construction Estimator in Monaco, the average difference between the salary of male and female employees is 19%.
| Male | 3,000 EUR | |
| Female | -16% | 2,510 EUR |
Salary Comparison By Gender in Monaco for all Careers
Average Annual Salary Increment Percentage / Construction Estimator / Monaco
How much are annual salary increments in Monaco for individuals working as Construction Estimator? How often do employees get salary raises?
Individuals working as Construction Estimator in Monaco are likely to observe a salary increase of approximately 5% every 30 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
Monaco / All Professions
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
Worldwide Salary Raises: All Countries and All Jobs
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 / Construction Estimator / Monaco
How much and how often are bonuses being awarded?
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59% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 41% 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 | 41% | |
| No Bonus | 59% |
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.
Average Hourly Wage / Construction Estimator / Monaco
16 EUR per hourThe average hourly wage (pay per hour) for individuals working as Construction Estimator in Monaco is 16 EUR.This is the rate they get paid for every worked hour.
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 Construction Estimator in Monaco is 7 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 Title | Average Salary |
| Construction / Building / Installation |  -100% | |
| 3D Printing Construction Technician | 2,740 EUR | -1% |
| Adjudicator | 1,910 EUR | -31% |
| Assembler | 1,610 EUR | -42% |
| Boat Builder and Shipwright | 2,070 EUR | -25% |
| Bricklayer | 1,370 EUR | -50% |
| Building Administrator | 1,930 EUR | -30% |
| Building Automation Engineer | 3,850 EUR |  +40% |
| Building Contracts Manager | 6,160 EUR | +120% |
| Building Information Modeling Manager | 5,000 EUR | +82% |
| Building Inspector | 1,810 EUR | -34% |
| Building Monitor | 1,610 EUR | -42% |
| Building Sales Manager | 5,330 EUR | +94% |
| Building Systems Integration Specialist | 3,650 EUR | +33% |
| Cabinetmaker | 1,600 EUR | -42% |
| Carpenter | 1,820 EUR | -34% |
| Civil Engineer | 3,820 EUR | +39% |
| Civil Technician | 2,230 EUR | -19% |
| Concreter | 1,470 EUR | -47% |
| Construction and Building Inspector | 1,910 EUR | -31% |
| Construction and Maintenance Manager | 3,290 EUR | +19% |
| Construction Assistant | 1,870 EUR | -32% |
| Construction Coordinator | 2,410 EUR | -12% |
| Construction Data Analyst | 3,550 EUR | +29% |
| Construction Estimator | 2,750 EUR | -0% |
| Construction Field Engineer | 3,650 EUR | +33% |
| Construction General Manager | 7,040 EUR | +160% |
| Construction Inventory Officer | 1,550 EUR | -44% |
| Construction Manager | 6,910 EUR | +150% |
| Construction Operations Manager | 6,620 EUR | +140% |
| Construction Project Controls Manager | 5,130 EUR | +86% |
| Construction Project Coordinator | 4,330 EUR | +57% |
| Construction Project Engineer | 4,210 EUR | +53% |
| Construction Project Manager | 6,720 EUR | +140% |
| Construction Project Planner | 3,760 EUR | +37% |
| Construction Quality Control Manager | 4,970 EUR | +80% |
| Construction Robotics Engineer | 4,280 EUR | +55% |
| Construction Safety Officer | 2,750 EUR | -0% |
| Construction Superintendent | 2,650 EUR | -4% |
| Construction Supervisor | 3,690 EUR | +34% |
| Construction Technical Assistant | 1,750 EUR | -36% |
| Construction Technical Officer | 1,850 EUR | -33% |
| Construction Technical Writer | 1,860 EUR | -32% |
| Construction Technician | 1,590 EUR | -42% |
| Construction Waste Management Consultant | 3,840 EUR | +39% |
| Construction Worker | 1,420 EUR | -48% |
| Crane and Tower Operator | 1,600 EUR | -42% |
| Crane Operator | 1,560 EUR | -43% |
| Diesel Mechanic | 1,590 EUR | -42% |
| Digital Construction Manager | 4,180 EUR | +52% |
| Draughtsman | 1,450 EUR | -47% |
| Drywall Installer | 1,710 EUR | -38% |
| Electrical Draftsman | 1,590 EUR | -42% |
| Electrical Engineering Supervisor | 4,440 EUR | +61% |
| Electrical Engineering Technician | 1,880 EUR | -32% |
| Electrical Supervisor | 3,010 EUR | +9% |
| Electrician | 2,320 EUR | -16% |
| Elevator Installer and Repairer | 1,920 EUR | -30% |
| Engineer | 3,960 EUR | +44% |
| Excavator Operator | 1,610 EUR | -42% |
| Field Inspector | 2,650 EUR | -4% |
| Floor Finisher | 1,670 EUR | -39% |
| Floor Manager | 2,270 EUR | -18% |
| Foreman | 1,390 EUR | -50% |
| Frame and Truss Detailer | 1,510 EUR | -45% |
| Furniture Finisher | 1,470 EUR | -47% |
| Gas Technician | 1,530 EUR | -44% |
| Handyman | 1,490 EUR | -46% |
| Health and Safety Coordinator | 1,870 EUR | -32% |
| Health and Safety Officer | 2,140 EUR | -22% |
| Installation Manager | 4,590 EUR | +67% |
| Installer | 1,480 EUR | -46% |
| Insulation Installer | 1,520 EUR | -45% |
| Labourer | 1,340 EUR | -51% |
| Land Surveyor | 2,030 EUR | -26% |
| Lean Construction Specialist | 3,830 EUR | +39% |
| Lift Technician | 1,570 EUR | -43% |
| Maintenance Foreman | 1,450 EUR | -47% |
| Material Tester | 2,210 EUR | -20% |
| Model Maker | 2,070 EUR | -25% |
| Order Picker | 1,500 EUR | -46% |
| Painter | 1,490 EUR | -46% |
| Pipe Layer | 1,370 EUR | -50% |
| Pipe Welder | 1,350 EUR | -51% |
| Pipefitter | 1,290 EUR | -53% |
| Plumber | 1,670 EUR | -39% |
| Prefabrication and Modular Construction Specialist | 3,890 EUR | +41% |
| Property Coordinator | 3,470 EUR | +26% |
| Purchasing Manager | 4,880 EUR | +77% |
| Quantity Estimator | 2,700 EUR | -2% |
| Quantity Surveyor | 2,590 EUR | -6% |
| Roof Slater and Tiler | 1,450 EUR | -47% |
| Sheet Metal Mechanic | 1,480 EUR | -46% |
| Sheet Metal Worker | 1,340 EUR | -51% |
| Site Clerk | 1,560 EUR | -43% |
| Site engineer | 3,550 EUR | +29% |
| Site Leader | 6,490 EUR | +140% |
| Stock Controller | 2,120 EUR | -23% |
| Structural Steel Construction Worker | 1,730 EUR | -37% |
| Sustainable Materials Engineer | 3,830 EUR | +39% |
| Technical Draughtsman | 1,830 EUR | -34% |
| Tender Manager | 5,950 EUR | +120% |
| Tendering Manager | 5,540 EUR | +100% |
| Tower Crane Operator | 1,540 EUR | -44% |
| Wall and Floor Tiler | 1,460 EUR | -47% |
| Warehouse Manager | 4,540 EUR | +65% |
| Welder | 1,330 EUR | -52% |
| Welding Superintendent | 1,740 EUR | -37% |
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 Monaco is 10% on average across all career fields.
| Private Sector | 4,130 EUR | |
| Public Sector | +10% | 4,550 EUR |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Construction Estimator in Monaco?
A good and competitive compensation would range anywhere between 2,630 EUR and 3,030 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 Construction Estimator in Monaco ranges from 1,270 EUR to 2,120 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
