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Information Technology Average Salaries in Monaco 2024

How much money does a person working in Information Technology make in Monaco?


Average Monthly Salary
4,360 EUR
( 52,300 EUR yearly)

LOW
2,360
EUR
AVERAGE
4,360
EUR
HIGH
6,740
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 in Information Technology in Monaco typically earns around 4,360 EUR. Salaries range from 2,360 EUR (lowest average) to 6,740 EUR (highest average, actual maximum salary is higher).


Salary Variance

The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Information Technology domain in Monaco exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.

Salaries for specific jobs

Job TitleAverage Salary
Information Technology
2nd Line Systems Engineer4,070 EUR
A/B Testing Specialist3,600 EUR
ABAP Developer3,810 EUR
Advertising Account Planner3,610 EUR
Amazon Web Services Specialist5,010 EUR
Android Developer4,220 EUR
Angular Developer3,660 EUR
Angular JS Programmer3,650 EUR
Application Consultant5,120 EUR
Application Developer4,330 EUR
Application Management Analyst3,910 EUR
Applications Engineer3,530 EUR
Applications Support3,000 EUR
Applications System Specialist3,590 EUR
Artificial Intelligence / Machine Learning Analyst4,450 EUR
Artificial Intelligence / Machine Learning Developer4,430 EUR
Artificial Intelligence / Machine Learning Ethics Officer4,950 EUR
Artificial Intelligence / Machine Learning Governance Specialist5,670 EUR
Artificial Intelligence / Machine Learning Implementation Officer5,400 EUR
Artificial Intelligence / Machine Learning Lead5,880 EUR
Artificial Intelligence / Machine Learning Officer6,000 EUR
Artificial Intelligence / Machine Learning Prompt Specialist3,880 EUR
Artificial Intelligence / Machine Learning Research Scientist5,550 EUR
Artificial Intelligence / Machine Learning Sales4,380 EUR
Artificial Intelligence / Machine Learning Software Engineer4,540 EUR
Artificial Intelligence / Machine Learning Strategist6,250 EUR
Artificial Intelligence / Machine Learning Trainer4,330 EUR
Artificial Intelligence and Machine Learning Specialist5,030 EUR
Artificial Intelligence Developer4,740 EUR
AS400 Programmer4,390 EUR
Assembly Developer4,130 EUR
Assistant Information Technology Manager5,140 EUR
Assistant Information Technology Project Manager4,740 EUR
Assistant Service Delivery Manager5,020 EUR
Avaloq Developer4,060 EUR
Back End Developer4,300 EUR
Big Data Architect4,770 EUR
BigQuery Specialist5,250 EUR
BizTalk Developer 4,480 EUR
Blockchain Associate4,040 EUR
Blockchain Developer3,950 EUR
Blockchain Engineer4,300 EUR
Build and Release Engineer3,690 EUR
Business Intelligence Analyst4,410 EUR
Business Intelligence Consultant5,450 EUR
Business Intelligence Developer4,520 EUR
Business Intelligence Manager5,810 EUR
Business Objects Developer3,740 EUR
Business Process Analyst4,390 EUR
Business Process Consultant4,180 EUR
Business Systems Analyst3,620 EUR
C Developer4,580 EUR
C# Developer4,200 EUR
C++ Developer4,410 EUR
Capacity Planning Manager5,450 EUR
Cassandra Specialist4,370 EUR
Change Administrator3,510 EUR
Chatbot Developer4,030 EUR
ChatGPT Expert3,630 EUR
Chief Artificial Intelligence Officer6,550 EUR
Chief Cloud Officer5,960 EUR
Chief Data Governance Officer6,180 EUR
Chief Data Officer5,910 EUR
Chief Digital Ethics Officer5,320 EUR
Chief Digital Officer5,900 EUR
Chief Information Officer6,550 EUR
Chief Information Security Officer6,010 EUR
Chief Innovation Officer5,460 EUR
Chief Privacy Officer4,950 EUR
Client Delivery Manager5,080 EUR
Clojure Developer5,210 EUR
Cloud Compliance Architect4,070 EUR
Cloud Computing Specialist4,760 EUR
Cloud Infrastructure Engineer4,040 EUR
Cloud Migration Specialist4,510 EUR
Cloud Security Architect4,080 EUR
Cloud Services Engineer4,000 EUR
Cloud Solutions Architect4,840 EUR
Cloud-Based Inventory Manager4,450 EUR
CMS Developer3,580 EUR
Computer Animator3,740 EUR
Computer Engineer3,430 EUR
Computer Hardware Engineer3,580 EUR
Computer Network Support Specialist3,890 EUR
Computer Networks Architect4,110 EUR
Computer Operator2,820 EUR
Computer Programmer3,990 EUR
Computer Security Specialist4,880 EUR
Computer Support Specialist3,200 EUR
Computer Technician3,330 EUR
Computer Virtualization Implementation Specialist4,150 EUR
Copy Editor3,330 EUR
Cosmos DB Specialist3,810 EUR
Couch DB Specialist4,150 EUR
CRM Application Administrator3,750 EUR
CRM Manager4,230 EUR
Cross Platform Security Manager5,270 EUR
Curam Developer3,470 EUR
Cyber Security Consultant5,140 EUR
Cyber Security Researcher5,150 EUR
Cyber Security Specialist4,840 EUR
Cybersecurity Analyst4,570 EUR
Cybersecurity Architect4,770 EUR
Cybersecurity Compliance Specialist3,980 EUR
Cybersecurity Engineer4,390 EUR
Cybersecurity Manager5,580 EUR
Dart Developer3,000 EUR
Data Analyst3,740 EUR
Data Analytics Engineer3,850 EUR
Data Architect4,150 EUR
Data Center Specialist4,020 EUR
Data Center Technician3,800 EUR
Data Entry Coordintor2,330 EUR
Data Entry Supervisor2,910 EUR
Data Governance Manager5,780 EUR
Data Management Specialist4,770 EUR
Data Manager5,180 EUR
Data Modeling Analyst4,090 EUR
Data Privacy and Protection Manager5,330 EUR
Data Quality Analyst3,980 EUR
Data Security Analyst4,210 EUR
Data Security Manager5,620 EUR
Data Technician2,490 EUR
Data Visualisation Analyst4,160 EUR
Data Visualization Specialist4,120 EUR
Data Warehousing Manager5,390 EUR
Data Warehousing Specialist3,830 EUR
Data-driven Designer3,740 EUR
Database Administration Manager4,800 EUR
Database Administrator4,180 EUR
Database Analyst4,500 EUR
Database Developer4,160 EUR
Database Report Writer4,030 EUR
Deep Learning Developer4,220 EUR
Delivery Manager4,390 EUR
Delphi Developer4,460 EUR
Desktop Support Engineer2,950 EUR
Desktop Support Technician2,860 EUR
Desktop Virtualization Engineer3,590 EUR
Developer / Programmer4,290 EUR
Developer Evangelist4,110 EUR
Development Architect3,910 EUR
Development Group Supervisor4,320 EUR
Development Manager5,570 EUR
DevOps Engineer4,260 EUR
Digital Ethics Consultant4,510 EUR
Digital Forensics Expert4,210 EUR
Director of Application Development6,070 EUR
Director of Technology7,010 EUR
Disaster Recovery Analyst3,920 EUR
Disaster Recovery Specialist4,070 EUR
Django Specialist4,150 EUR
Documentation Specialist3,620 EUR
Driver Developer4,380 EUR
E-Commerce Manager4,830 EUR
E-Commerce Marketing Analyst4,840 EUR
E-Commerce Marketing Manager4,940 EUR
E-Commerce Sales Manager5,350 EUR
E-Commerce Strategy Manager5,890 EUR
E-waste Recycling Specialist3,800 EUR
E-waste Technician3,320 EUR
Edge Computing Engineer4,050 EUR
Elixir Developer5,430 EUR
Embedded Software Developer4,150 EUR
Enterprise Architecture Manager5,300 EUR
Enterprise Infrastructure Architect5,420 EUR
Enterprise Infrastructure Manager6,060 EUR
Erlang Developer5,200 EUR
ERP / CRM Technical Consultant4,500 EUR
ERP Analyst4,290 EUR
ERP Project Manager5,570 EUR
Ethical Hacker3,900 EUR
Financial Systems Manager5,680 EUR
Firebird Specialist4,010 EUR
Flash Developer3,520 EUR
Front End Developer3,660 EUR
Front End Web Developer3,460 EUR
Full Stack Developer4,090 EUR
Functional Analyst4,300 EUR
Game Developer3,900 EUR
GIS Analyst3,890 EUR
GIS Developer4,080 EUR
Global BI Analyst4,490 EUR
Go Developer4,960 EUR
Google Cloud Specialist5,060 EUR
Graphical User Interface ( GUI ) Programmer3,730 EUR
Graphics Programmer3,680 EUR
Graphics Web Designer3,380 EUR
Groovy Developer4,450 EUR
Hardware Design Engineer3,940 EUR
Hardware Engineering Manager5,880 EUR
Hardware Technician3,350 EUR
Haskell Developer4,360 EUR
Head of Development5,570 EUR
Head of Information Technology6,920 EUR
Help Desk Analyst3,920 EUR
Help Desk Manager4,500 EUR
Help Desk Support2,990 EUR
Help Desk Technician3,070 EUR
Helpdesk Manager4,710 EUR
IBM DB2 Specialist3,800 EUR
Imaging Programmer3,510 EUR
InfluxDB Specialist3,770 EUR
Informatics Optimization Specialist4,250 EUR
Information Assurance Analyst4,230 EUR
Information Program Director5,800 EUR
Information Security Administrator4,810 EUR
Information Security Analyst4,750 EUR
Information Security Associate4,310 EUR
Information Security Director5,620 EUR
Information Security Engineer4,030 EUR
Information Security Manager5,820 EUR
Information Security Specialist5,040 EUR
Information Services Consultant4,830 EUR
Information Systems Developer4,000 EUR
Information Systems Manager5,980 EUR
Information Systems Penetration Testing Specialist4,670 EUR
Information Systems Vulnerability Assessment Specialist4,930 EUR
Information Technology Administrator3,240 EUR
Information Technology Analyst4,220 EUR
Information Technology Architect4,020 EUR
Information Technology Asset Manager5,550 EUR
Information Technology Business Analyst4,110 EUR
Information Technology Compliance Manager5,740 EUR
Information Technology Consultant4,910 EUR
Information Technology Coordinator3,510 EUR
Information Technology Director6,630 EUR
Information Technology Engineer3,550 EUR
Information Technology Executive5,960 EUR
Information Technology Helpdesk2,780 EUR
Information Technology Infrastructure Engineer3,700 EUR
Information Technology Manager6,700 EUR
Information Technology Operation Engineer3,440 EUR
Information Technology Operations Manager6,360 EUR
Information Technology Product Manager6,150 EUR
Information Technology Project Administrator3,480 EUR
Information Technology Project Coordinator4,160 EUR
Information Technology Project Leader4,970 EUR
Information Technology Project Manager5,920 EUR
Information Technology Quality Assurance Manager4,810 EUR
Information Technology Quality Assurance Team Lead (QA)4,610 EUR
Information Technology Quality Specialist4,040 EUR
Information Technology Risk Manager6,310 EUR
Information Technology Sales Manager5,680 EUR
Information Technology Specialist5,070 EUR
Information Technology Staff2,950 EUR
Information Technology Support2,800 EUR
Information Technology Systems Analyst4,440 EUR
Information Technology Team Leader4,960 EUR
Information Technology Trainer4,360 EUR
Information Technology Training Analyst4,220 EUR
Interface Design Manager5,300 EUR
Interface Designer3,520 EUR
IOS Developer4,330 EUR
Java Developer4,460 EUR
Javascript Developer4,280 EUR
jQuery Specialist3,920 EUR
Kotlin Developer4,650 EUR
Laravel Specialist4,020 EUR
Lead Developer4,590 EUR
Linux Administrator4,270 EUR
Lisp Developer5,060 EUR
Lotus Domino Administrator4,280 EUR
Lotus Notes Developer4,280 EUR
Lua Developer4,710 EUR
Mail Server Administrator3,690 EUR
Major Incident Manager4,850 EUR
Malware Analysis Expert4,700 EUR
Managed Service Specialist4,130 EUR
MariaDB Specialist3,950 EUR
MATLAB Developer4,500 EUR
Microsoft Azure Specialist4,680 EUR
Microsoft SQL Server Specialist4,470 EUR
Microsystems Engineer4,160 EUR
Mobile Developer4,040 EUR
Mobile Interface Designer4,010 EUR
MongoDB Specialist4,320 EUR
Multimedia Developer3,820 EUR
Multimedia Services Manager4,760 EUR
MySQL Specialist3,670 EUR
Neo4J Specialist4,170 EUR
Network Administration Team Lead4,950 EUR
Network Administrator3,490 EUR
Network Analyst3,840 EUR
Network and Infrastructure Manager6,070 EUR
Network Engineer3,850 EUR
Network Engineering Manager4,650 EUR
Network Security Systems Manager5,150 EUR
Network Specialist3,910 EUR
Network Support Engineer3,520 EUR
Network Support Specialist3,370 EUR
Network Technician3,290 EUR
Neural Network Engineer4,860 EUR
NextJs Specialist3,860 EUR
Nodejs Developer4,270 EUR
NT Systems Administrator3,800 EUR
Numerical Control Programmer3,540 EUR
Objective-C Developer4,880 EUR
Online Banking Manager6,440 EUR
Online Banking Specialist5,090 EUR
OPS Manager5,780 EUR
Oracle Database Administrator4,020 EUR
Oracle Database Specialist4,840 EUR
Oracle Developer4,180 EUR
Perl Developer3,510 EUR
PHP Developer3,810 EUR
PostgreSQL Specialist4,240 EUR
PowerShell Developer3,760 EUR
Principal Consultant4,280 EUR
Principal Data Engineer4,000 EUR
Program Lead4,890 EUR
Python Developer4,390 EUR
R Language Developer4,770 EUR
React Specialist4,310 EUR
Records Manager3,610 EUR
Redis Specialist3,930 EUR
Remedy Developer3,370 EUR
Reporting Analyst4,170 EUR
Reverse Engineering Expert4,770 EUR
Robotic Process Automation Compliance Analyst4,090 EUR
Robotic Process Automation Developer3,370 EUR
Ruby Developer3,720 EUR
Rust Developer4,900 EUR
Salesforce Administrator3,900 EUR
Salesforce Developer3,410 EUR
SAP Consultant4,500 EUR
SAS Programmer3,590 EUR
Scala Developer5,350 EUR
Scrum Master3,320 EUR
SEO Associate3,390 EUR
SEO Manager4,870 EUR
Server Virtualization Consultant5,080 EUR
Service Delivery Manager5,060 EUR
Service Level Manager5,300 EUR
Service Support Lead3,960 EUR
SharePoint Administrator3,840 EUR
Sharepoint Consultant4,390 EUR
Sharepoint Developer4,350 EUR
Shift Leader4,520 EUR
Snowflake Specialist4,140 EUR
SOA Analyst3,950 EUR
SOC Engineer3,840 EUR
Software Analyst4,140 EUR
Software Architect4,130 EUR
Software Automation Engineer4,200 EUR
Software Developer4,000 EUR
Software Development Manager5,200 EUR
Software Engineer3,940 EUR
Software QA Engineer3,870 EUR
Software Sales3,820 EUR
Software Specialist3,750 EUR
Software Support Engineer3,470 EUR
Software Test Engineer3,460 EUR
Software Tester3,580 EUR
Solutions Architect5,570 EUR
Solutions Consultant4,480 EUR
SQLite Specialist3,950 EUR
Storage Engineer3,370 EUR
Supabase Specialist3,320 EUR
Supervisor2,840 EUR
Support Analyst3,530 EUR
Support Specialist4,080 EUR
Support Team Leader3,830 EUR
Swift Developer4,850 EUR
System Administrator3,590 EUR
Systems Analyst4,010 EUR
Systems Architect4,280 EUR
Systems Consultant5,040 EUR
Systems Engineer3,430 EUR
Systems Integration Analyst4,040 EUR
Systems Integration Specialist5,640 EUR
Systems Integrator4,240 EUR
Technical Analyst3,760 EUR
Technical Consultant4,500 EUR
Technical Manager4,560 EUR
Technical Project Manager5,290 EUR
Technical Sales3,840 EUR
Technical Trainer4,200 EUR
Technical Writer3,860 EUR
Technology Business Analyst4,230 EUR
Technology Director6,800 EUR
Technology Specialist5,200 EUR
Technology Vice President5,490 EUR
Teradata Developer3,350 EUR
Test Analyst3,960 EUR
Tester3,460 EUR
Testing Manager5,410 EUR
TIBCO Developer3,700 EUR
TypeScript Developer4,470 EUR
UI Engineer3,810 EUR
UNIX Administrator4,140 EUR
Usability Engineer4,060 EUR
User Experience Consultant4,120 EUR
User Experience Design Expert4,160 EUR
User Experience Designer3,780 EUR
User Experience Researcher4,370 EUR
User Interface Designer3,770 EUR
User Support Engineer3,610 EUR
VB Developer3,170 EUR
VB.NET Developer4,260 EUR
Video Game Designer3,680 EUR
Virtual / Augmented Reality Architect5,200 EUR
Virtual / Augmented Reality Compliance Specialist4,790 EUR
Virtual / Augmented Reality Consultant5,600 EUR
Virtual / Augmented Reality Designer5,400 EUR
Virtual / Augmented Reality Developer4,530 EUR
Virtual / Augmented Reality Director5,610 EUR
Virtual / Augmented Reality Engineer4,980 EUR
Virtual / Augmented Reality Filmmaker5,870 EUR
Virtual / Augmented Reality Game Developer4,950 EUR
Virtual / Augmented Reality Marketing Specialist4,940 EUR
Virtual / Augmented Reality Officer5,870 EUR
Virtual / Augmented reality Sales Consultant5,840 EUR
Virtual / Augmented Reality Simulator Operator4,090 EUR
Virtual / Augmented Reality Specialist5,160 EUR
Virtual / Augmented Reality Technician4,200 EUR
Virtual / Augmented Reality Trainer5,540 EUR
Virtual / Augmented Reality User Experience Designer4,090 EUR
Visual Basic Developer3,280 EUR
Visual Information Specialist3,980 EUR
Voice Interface Designer3,380 EUR
VueJs Specialist3,950 EUR
Web Applications Manager4,660 EUR
Web Content Specialist4,570 EUR
Web Designer3,710 EUR
Web Developer3,550 EUR
Web Editor3,460 EUR
Web Project Manager4,510 EUR
Web Promotions Specialist4,220 EUR
Web Security Administrator4,130 EUR
Web Security Manager6,070 EUR
Web Support Analyst3,280 EUR
Web Writer3,250 EUR
Webmaster3,540 EUR
Windows System Administrator3,900 EUR
Wireless Consultant4,900 EUR
WordPress Specialist4,030 EUR
Writer and Documentor3,540 EUR
Zig Developer5,330 EUR


Information Technology Jobs Pay Scale and Salaries in Monaco

Median and salary distribution Monaco Information Technology monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
4,190 EUR or more
10% of people earn
3,750 to 4,190 EUR
20% of people earn
2,760 EUR or less
65% of people earn
2,760 to 3,750 EUR
Minimum Salary
2,360 EUR
Median
4,140 EUR
Maximum
6,740 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 in Information Technology in Monaco range from 2,360 EUR (starting average salary) to 6,740 EUR (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.

  • Median Salary

    The median income in the field of Information Technology is 4,140 EUR, implying that half of the workforce in Monaco earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.

  • Percentiles and Salary Scale

    Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Information Technology in Monaco earn less than 3,470 EUR, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 4,690 EUR, while 25% earn more than that.

  • Pay Scale Structure

    Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Information Technology in Monaco. The analysis revealed that roughly 65% of all reported salaries fell within the range of 2,760 EUR to 3,750 EUR. Approximately 20% of salaries were below the 2,760 EUR mark, while 10% ranged from 3,750 EUR to 4,190 EUR. Only 5% of individuals earned a gross salary of 4,190 EUR or higher.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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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 in Information Technology in Monaco 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.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.
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.


Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

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 degree levels across many jobs in Information Technology in Monaco, 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 certificate 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.


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.

Employees can't expect any salary increases during the study period, assuming they 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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.



Salary and Compensation Comparison By Gender / Information Technology / Monaco

Salary comparison by gender Monaco Information Technology monthly
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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? In the field of Information Technology in Monaco, the average difference between the salary of male and female employees is 9%.

Male
4,610 EUR
Female-8%
4,240 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Monaco for all Careers

Salary comparison by gender monthly Monaco
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Average Annual Salary Increment Percentage / Information Technology / Monaco

How much are annual salary increments in Monaco for individuals working in Information Technology? How often do employees get salary raises?

Professionals working in Information Technology in Monaco are likely to observe a salary increase of approximately 6% every 27 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Monaco Information Technology
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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.

Monaco / All Professions

Annual Salary Increment Rate Monaco
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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 Monaco is 2%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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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 / Information Technology / Monaco

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Monaco Information Technology
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63% of surveyed staff in Information Technology reported that they haven't received any bonuses or incentives in the previous year while 37% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
37%
No Bonus
63%

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.

Hourly Average Wage / Information Technology / Monaco


25 EUR per hour

The average hourly wage (pay per hour) in Information Technology in Monaco is 25 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 in Information Technology in Monaco is 14 EUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

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
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 in Information Technology in Monaco?

A good and competitive compensation would range anywhere between 4,140 EUR and 4,690 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 jobs in Information Technology in Monaco ranges from 2,360 EUR to 3,470 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


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