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
Information Technology | |
2nd Line Systems Engineer | 4,070 EUR |
A/B Testing Specialist | 3,600 EUR |
ABAP Developer | 3,810 EUR |
Advertising Account Planner | 3,610 EUR |
|
Amazon Web Services Specialist | 5,010 EUR |
Android Developer | 4,220 EUR |
Angular Developer | 3,660 EUR |
Angular JS Programmer | 3,650 EUR |
Application Consultant | 5,120 EUR |
Application Developer | 4,330 EUR |
Application Management Analyst | 3,910 EUR |
Applications Engineer | 3,530 EUR |
Applications Support | 3,000 EUR |
Applications System Specialist | 3,590 EUR |
Artificial Intelligence / Machine Learning Analyst | 4,450 EUR |
Artificial Intelligence / Machine Learning Developer | 4,430 EUR |
Artificial Intelligence / Machine Learning Ethics Officer | 4,950 EUR |
Artificial Intelligence / Machine Learning Governance Specialist | 5,670 EUR |
Artificial Intelligence / Machine Learning Implementation Officer | 5,400 EUR |
Artificial Intelligence / Machine Learning Lead | 5,880 EUR |
Artificial Intelligence / Machine Learning Officer | 6,000 EUR |
Artificial Intelligence / Machine Learning Prompt Specialist | 3,880 EUR |
Artificial Intelligence / Machine Learning Research Scientist | 5,550 EUR |
Artificial Intelligence / Machine Learning Sales | 4,380 EUR |
Artificial Intelligence / Machine Learning Software Engineer | 4,540 EUR |
Artificial Intelligence / Machine Learning Strategist | 6,250 EUR |
Artificial Intelligence / Machine Learning Trainer | 4,330 EUR |
Artificial Intelligence and Machine Learning Specialist | 5,030 EUR |
Artificial Intelligence Developer | 4,740 EUR |
AS400 Programmer | 4,390 EUR |
Assembly Developer | 4,130 EUR |
Assistant Information Technology Manager | 5,140 EUR |
Assistant Information Technology Project Manager | 4,740 EUR |
Assistant Service Delivery Manager | 5,020 EUR |
Avaloq Developer | 4,060 EUR |
Back End Developer | 4,300 EUR |
Big Data Architect | 4,770 EUR |
BigQuery Specialist | 5,250 EUR |
BizTalk Developer | 4,480 EUR |
Blockchain Associate | 4,040 EUR |
Blockchain Developer | 3,950 EUR |
Blockchain Engineer | 4,300 EUR |
Build and Release Engineer | 3,690 EUR |
Business Intelligence Analyst | 4,410 EUR |
Business Intelligence Consultant | 5,450 EUR |
Business Intelligence Developer | 4,520 EUR |
Business Intelligence Manager | 5,810 EUR |
Business Objects Developer | 3,740 EUR |
Business Process Analyst | 4,390 EUR |
Business Process Consultant | 4,180 EUR |
Business Systems Analyst | 3,620 EUR |
C Developer | 4,580 EUR |
C# Developer | 4,200 EUR |
C++ Developer | 4,410 EUR |
Capacity Planning Manager | 5,450 EUR |
Cassandra Specialist | 4,370 EUR |
Change Administrator | 3,510 EUR |
Chatbot Developer | 4,030 EUR |
ChatGPT Expert | 3,630 EUR |
Chief Artificial Intelligence Officer | 6,550 EUR |
Chief Cloud Officer | 5,960 EUR |
Chief Data Governance Officer | 6,180 EUR |
Chief Data Officer | 5,910 EUR |
Chief Digital Ethics Officer | 5,320 EUR |
Chief Digital Officer | 5,900 EUR |
Chief Information Officer | 6,550 EUR |
Chief Information Security Officer | 6,010 EUR |
Chief Innovation Officer | 5,460 EUR |
Chief Privacy Officer | 4,950 EUR |
Client Delivery Manager | 5,080 EUR |
Clojure Developer | 5,210 EUR |
Cloud Compliance Architect | 4,070 EUR |
Cloud Computing Specialist | 4,760 EUR |
Cloud Infrastructure Engineer | 4,040 EUR |
Cloud Migration Specialist | 4,510 EUR |
Cloud Security Architect | 4,080 EUR |
Cloud Services Engineer | 4,000 EUR |
Cloud Solutions Architect | 4,840 EUR |
Cloud-Based Inventory Manager | 4,450 EUR |
CMS Developer | 3,580 EUR |
Computer Animator | 3,740 EUR |
Computer Engineer | 3,430 EUR |
Computer Hardware Engineer | 3,580 EUR |
Computer Network Support Specialist | 3,890 EUR |
Computer Networks Architect | 4,110 EUR |
Computer Operator | 2,820 EUR |
Computer Programmer | 3,990 EUR |
Computer Security Specialist | 4,880 EUR |
Computer Support Specialist | 3,200 EUR |
Computer Technician | 3,330 EUR |
Computer Virtualization Implementation Specialist | 4,150 EUR |
Copy Editor | 3,330 EUR |
Cosmos DB Specialist | 3,810 EUR |
Couch DB Specialist | 4,150 EUR |
CRM Application Administrator | 3,750 EUR |
CRM Manager | 4,230 EUR |
Cross Platform Security Manager | 5,270 EUR |
Curam Developer | 3,470 EUR |
Cyber Security Consultant | 5,140 EUR |
Cyber Security Researcher | 5,150 EUR |
Cyber Security Specialist | 4,840 EUR |
Cybersecurity Analyst | 4,570 EUR |
Cybersecurity Architect | 4,770 EUR |
Cybersecurity Compliance Specialist | 3,980 EUR |
Cybersecurity Engineer | 4,390 EUR |
Cybersecurity Manager | 5,580 EUR |
Dart Developer | 3,000 EUR |
Data Analyst | 3,740 EUR |
Data Analytics Engineer | 3,850 EUR |
Data Architect | 4,150 EUR |
Data Center Specialist | 4,020 EUR |
Data Center Technician | 3,800 EUR |
Data Entry Coordintor | 2,330 EUR |
Data Entry Supervisor | 2,910 EUR |
Data Governance Manager | 5,780 EUR |
Data Management Specialist | 4,770 EUR |
Data Manager | 5,180 EUR |
Data Modeling Analyst | 4,090 EUR |
Data Privacy and Protection Manager | 5,330 EUR |
Data Quality Analyst | 3,980 EUR |
Data Security Analyst | 4,210 EUR |
Data Security Manager | 5,620 EUR |
Data Technician | 2,490 EUR |
Data Visualisation Analyst | 4,160 EUR |
Data Visualization Specialist | 4,120 EUR |
Data Warehousing Manager | 5,390 EUR |
Data Warehousing Specialist | 3,830 EUR |
Data-driven Designer | 3,740 EUR |
Database Administration Manager | 4,800 EUR |
Database Administrator | 4,180 EUR |
Database Analyst | 4,500 EUR |
Database Developer | 4,160 EUR |
Database Report Writer | 4,030 EUR |
Deep Learning Developer | 4,220 EUR |
Delivery Manager | 4,390 EUR |
Delphi Developer | 4,460 EUR |
Desktop Support Engineer | 2,950 EUR |
Desktop Support Technician | 2,860 EUR |
Desktop Virtualization Engineer | 3,590 EUR |
Developer / Programmer | 4,290 EUR |
Developer Evangelist | 4,110 EUR |
Development Architect | 3,910 EUR |
Development Group Supervisor | 4,320 EUR |
Development Manager | 5,570 EUR |
DevOps Engineer | 4,260 EUR |
Digital Ethics Consultant | 4,510 EUR |
Digital Forensics Expert | 4,210 EUR |
Director of Application Development | 6,070 EUR |
Director of Technology | 7,010 EUR |
Disaster Recovery Analyst | 3,920 EUR |
Disaster Recovery Specialist | 4,070 EUR |
Django Specialist | 4,150 EUR |
Documentation Specialist | 3,620 EUR |
Driver Developer | 4,380 EUR |
E-Commerce Manager | 4,830 EUR |
E-Commerce Marketing Analyst | 4,840 EUR |
E-Commerce Marketing Manager | 4,940 EUR |
E-Commerce Sales Manager | 5,350 EUR |
E-Commerce Strategy Manager | 5,890 EUR |
E-waste Recycling Specialist | 3,800 EUR |
E-waste Technician | 3,320 EUR |
Edge Computing Engineer | 4,050 EUR |
Elixir Developer | 5,430 EUR |
Embedded Software Developer | 4,150 EUR |
Enterprise Architecture Manager | 5,300 EUR |
Enterprise Infrastructure Architect | 5,420 EUR |
Enterprise Infrastructure Manager | 6,060 EUR |
Erlang Developer | 5,200 EUR |
ERP / CRM Technical Consultant | 4,500 EUR |
ERP Analyst | 4,290 EUR |
ERP Project Manager | 5,570 EUR |
Ethical Hacker | 3,900 EUR |
Financial Systems Manager | 5,680 EUR |
Firebird Specialist | 4,010 EUR |
Flash Developer | 3,520 EUR |
Front End Developer | 3,660 EUR |
Front End Web Developer | 3,460 EUR |
Full Stack Developer | 4,090 EUR |
Functional Analyst | 4,300 EUR |
Game Developer | 3,900 EUR |
GIS Analyst | 3,890 EUR |
GIS Developer | 4,080 EUR |
Global BI Analyst | 4,490 EUR |
Go Developer | 4,960 EUR |
Google Cloud Specialist | 5,060 EUR |
Graphical User Interface ( GUI ) Programmer | 3,730 EUR |
Graphics Programmer | 3,680 EUR |
Graphics Web Designer | 3,380 EUR |
Groovy Developer | 4,450 EUR |
Hardware Design Engineer | 3,940 EUR |
Hardware Engineering Manager | 5,880 EUR |
Hardware Technician | 3,350 EUR |
Haskell Developer | 4,360 EUR |
Head of Development | 5,570 EUR |
Head of Information Technology | 6,920 EUR |
Help Desk Analyst | 3,920 EUR |
Help Desk Manager | 4,500 EUR |
Help Desk Support | 2,990 EUR |
Help Desk Technician | 3,070 EUR |
Helpdesk Manager | 4,710 EUR |
IBM DB2 Specialist | 3,800 EUR |
Imaging Programmer | 3,510 EUR |
InfluxDB Specialist | 3,770 EUR |
Informatics Optimization Specialist | 4,250 EUR |
Information Assurance Analyst | 4,230 EUR |
Information Program Director | 5,800 EUR |
Information Security Administrator | 4,810 EUR |
Information Security Analyst | 4,750 EUR |
Information Security Associate | 4,310 EUR |
Information Security Director | 5,620 EUR |
Information Security Engineer | 4,030 EUR |
Information Security Manager | 5,820 EUR |
Information Security Specialist | 5,040 EUR |
Information Services Consultant | 4,830 EUR |
Information Systems Developer | 4,000 EUR |
Information Systems Manager | 5,980 EUR |
Information Systems Penetration Testing Specialist | 4,670 EUR |
Information Systems Vulnerability Assessment Specialist | 4,930 EUR |
Information Technology Administrator | 3,240 EUR |
Information Technology Analyst | 4,220 EUR |
Information Technology Architect | 4,020 EUR |
Information Technology Asset Manager | 5,550 EUR |
Information Technology Business Analyst | 4,110 EUR |
Information Technology Compliance Manager | 5,740 EUR |
Information Technology Consultant | 4,910 EUR |
Information Technology Coordinator | 3,510 EUR |
Information Technology Director | 6,630 EUR |
Information Technology Engineer | 3,550 EUR |
Information Technology Executive | 5,960 EUR |
Information Technology Helpdesk | 2,780 EUR |
Information Technology Infrastructure Engineer | 3,700 EUR |
Information Technology Manager | 6,700 EUR |
Information Technology Operation Engineer | 3,440 EUR |
Information Technology Operations Manager | 6,360 EUR |
Information Technology Product Manager | 6,150 EUR |
Information Technology Project Administrator | 3,480 EUR |
Information Technology Project Coordinator | 4,160 EUR |
Information Technology Project Leader | 4,970 EUR |
Information Technology Project Manager | 5,920 EUR |
Information Technology Quality Assurance Manager | 4,810 EUR |
Information Technology Quality Assurance Team Lead (QA) | 4,610 EUR |
Information Technology Quality Specialist | 4,040 EUR |
Information Technology Risk Manager | 6,310 EUR |
Information Technology Sales Manager | 5,680 EUR |
Information Technology Specialist | 5,070 EUR |
Information Technology Staff | 2,950 EUR |
Information Technology Support | 2,800 EUR |
Information Technology Systems Analyst | 4,440 EUR |
Information Technology Team Leader | 4,960 EUR |
Information Technology Trainer | 4,360 EUR |
Information Technology Training Analyst | 4,220 EUR |
Interface Design Manager | 5,300 EUR |
Interface Designer | 3,520 EUR |
IOS Developer | 4,330 EUR |
Java Developer | 4,460 EUR |
Javascript Developer | 4,280 EUR |
jQuery Specialist | 3,920 EUR |
Kotlin Developer | 4,650 EUR |
Laravel Specialist | 4,020 EUR |
Lead Developer | 4,590 EUR |
Linux Administrator | 4,270 EUR |
Lisp Developer | 5,060 EUR |
Lotus Domino Administrator | 4,280 EUR |
Lotus Notes Developer | 4,280 EUR |
Lua Developer | 4,710 EUR |
Mail Server Administrator | 3,690 EUR |
Major Incident Manager | 4,850 EUR |
Malware Analysis Expert | 4,700 EUR |
Managed Service Specialist | 4,130 EUR |
MariaDB Specialist | 3,950 EUR |
MATLAB Developer | 4,500 EUR |
Microsoft Azure Specialist | 4,680 EUR |
Microsoft SQL Server Specialist | 4,470 EUR |
Microsystems Engineer | 4,160 EUR |
Mobile Developer | 4,040 EUR |
Mobile Interface Designer | 4,010 EUR |
MongoDB Specialist | 4,320 EUR |
Multimedia Developer | 3,820 EUR |
Multimedia Services Manager | 4,760 EUR |
MySQL Specialist | 3,670 EUR |
Neo4J Specialist | 4,170 EUR |
Network Administration Team Lead | 4,950 EUR |
Network Administrator | 3,490 EUR |
Network Analyst | 3,840 EUR |
Network and Infrastructure Manager | 6,070 EUR |
Network Engineer | 3,850 EUR |
Network Engineering Manager | 4,650 EUR |
Network Security Systems Manager | 5,150 EUR |
Network Specialist | 3,910 EUR |
Network Support Engineer | 3,520 EUR |
Network Support Specialist | 3,370 EUR |
Network Technician | 3,290 EUR |
Neural Network Engineer | 4,860 EUR |
NextJs Specialist | 3,860 EUR |
Nodejs Developer | 4,270 EUR |
NT Systems Administrator | 3,800 EUR |
Numerical Control Programmer | 3,540 EUR |
Objective-C Developer | 4,880 EUR |
Online Banking Manager | 6,440 EUR |
Online Banking Specialist | 5,090 EUR |
OPS Manager | 5,780 EUR |
Oracle Database Administrator | 4,020 EUR |
Oracle Database Specialist | 4,840 EUR |
Oracle Developer | 4,180 EUR |
Perl Developer | 3,510 EUR |
PHP Developer | 3,810 EUR |
PostgreSQL Specialist | 4,240 EUR |
PowerShell Developer | 3,760 EUR |
Principal Consultant | 4,280 EUR |
Principal Data Engineer | 4,000 EUR |
Program Lead | 4,890 EUR |
Python Developer | 4,390 EUR |
R Language Developer | 4,770 EUR |
React Specialist | 4,310 EUR |
Records Manager | 3,610 EUR |
Redis Specialist | 3,930 EUR |
Remedy Developer | 3,370 EUR |
Reporting Analyst | 4,170 EUR |
Reverse Engineering Expert | 4,770 EUR |
Robotic Process Automation Compliance Analyst | 4,090 EUR |
Robotic Process Automation Developer | 3,370 EUR |
Ruby Developer | 3,720 EUR |
Rust Developer | 4,900 EUR |
Salesforce Administrator | 3,900 EUR |
Salesforce Developer | 3,410 EUR |
SAP Consultant | 4,500 EUR |
SAS Programmer | 3,590 EUR |
Scala Developer | 5,350 EUR |
Scrum Master | 3,320 EUR |
SEO Associate | 3,390 EUR |
SEO Manager | 4,870 EUR |
Server Virtualization Consultant | 5,080 EUR |
Service Delivery Manager | 5,060 EUR |
Service Level Manager | 5,300 EUR |
Service Support Lead | 3,960 EUR |
SharePoint Administrator | 3,840 EUR |
Sharepoint Consultant | 4,390 EUR |
Sharepoint Developer | 4,350 EUR |
Shift Leader | 4,520 EUR |
Snowflake Specialist | 4,140 EUR |
SOA Analyst | 3,950 EUR |
SOC Engineer | 3,840 EUR |
Software Analyst | 4,140 EUR |
Software Architect | 4,130 EUR |
Software Automation Engineer | 4,200 EUR |
Software Developer | 4,000 EUR |
Software Development Manager | 5,200 EUR |
Software Engineer | 3,940 EUR |
Software QA Engineer | 3,870 EUR |
Software Sales | 3,820 EUR |
Software Specialist | 3,750 EUR |
Software Support Engineer | 3,470 EUR |
Software Test Engineer | 3,460 EUR |
Software Tester | 3,580 EUR |
Solutions Architect | 5,570 EUR |
Solutions Consultant | 4,480 EUR |
SQLite Specialist | 3,950 EUR |
Storage Engineer | 3,370 EUR |
Supabase Specialist | 3,320 EUR |
Supervisor | 2,840 EUR |
Support Analyst | 3,530 EUR |
Support Specialist | 4,080 EUR |
Support Team Leader | 3,830 EUR |
Swift Developer | 4,850 EUR |
System Administrator | 3,590 EUR |
Systems Analyst | 4,010 EUR |
Systems Architect | 4,280 EUR |
Systems Consultant | 5,040 EUR |
Systems Engineer | 3,430 EUR |
Systems Integration Analyst | 4,040 EUR |
Systems Integration Specialist | 5,640 EUR |
Systems Integrator | 4,240 EUR |
Technical Analyst | 3,760 EUR |
Technical Consultant | 4,500 EUR |
Technical Manager | 4,560 EUR |
Technical Project Manager | 5,290 EUR |
Technical Sales | 3,840 EUR |
Technical Trainer | 4,200 EUR |
Technical Writer | 3,860 EUR |
Technology Business Analyst | 4,230 EUR |
Technology Director | 6,800 EUR |
Technology Specialist | 5,200 EUR |
Technology Vice President | 5,490 EUR |
Teradata Developer | 3,350 EUR |
Test Analyst | 3,960 EUR |
Tester | 3,460 EUR |
Testing Manager | 5,410 EUR |
TIBCO Developer | 3,700 EUR |
TypeScript Developer | 4,470 EUR |
UI Engineer | 3,810 EUR |
UNIX Administrator | 4,140 EUR |
Usability Engineer | 4,060 EUR |
User Experience Consultant | 4,120 EUR |
User Experience Design Expert | 4,160 EUR |
User Experience Designer | 3,780 EUR |
User Experience Researcher | 4,370 EUR |
User Interface Designer | 3,770 EUR |
User Support Engineer | 3,610 EUR |
VB Developer | 3,170 EUR |
VB.NET Developer | 4,260 EUR |
Video Game Designer | 3,680 EUR |
Virtual / Augmented Reality Architect | 5,200 EUR |
Virtual / Augmented Reality Compliance Specialist | 4,790 EUR |
Virtual / Augmented Reality Consultant | 5,600 EUR |
Virtual / Augmented Reality Designer | 5,400 EUR |
Virtual / Augmented Reality Developer | 4,530 EUR |
Virtual / Augmented Reality Director | 5,610 EUR |
Virtual / Augmented Reality Engineer | 4,980 EUR |
Virtual / Augmented Reality Filmmaker | 5,870 EUR |
Virtual / Augmented Reality Game Developer | 4,950 EUR |
Virtual / Augmented Reality Marketing Specialist | 4,940 EUR |
Virtual / Augmented Reality Officer | 5,870 EUR |
Virtual / Augmented reality Sales Consultant | 5,840 EUR |
Virtual / Augmented Reality Simulator Operator | 4,090 EUR |
Virtual / Augmented Reality Specialist | 5,160 EUR |
Virtual / Augmented Reality Technician | 4,200 EUR |
Virtual / Augmented Reality Trainer | 5,540 EUR |
Virtual / Augmented Reality User Experience Designer | 4,090 EUR |
Visual Basic Developer | 3,280 EUR |
Visual Information Specialist | 3,980 EUR |
Voice Interface Designer | 3,380 EUR |
VueJs Specialist | 3,950 EUR |
Web Applications Manager | 4,660 EUR |
Web Content Specialist | 4,570 EUR |
Web Designer | 3,710 EUR |
Web Developer | 3,550 EUR |
Web Editor | 3,460 EUR |
Web Project Manager | 4,510 EUR |
Web Promotions Specialist | 4,220 EUR |
Web Security Administrator | 4,130 EUR |
Web Security Manager | 6,070 EUR |
Web Support Analyst | 3,280 EUR |
Web Writer | 3,250 EUR |
Webmaster | 3,540 EUR |
Windows System Administrator | 3,900 EUR |
Wireless Consultant | 4,900 EUR |
WordPress Specialist | 4,030 EUR |
Writer and Documentor | 3,540 EUR |
Zig Developer | 5,330 EUR |
Information Technology Jobs Pay Scale and Salaries in Monaco
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/monaco/information-technology/median-and-salary-distribution-monthly-monaco-information-technology.jpg 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?
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg 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. ”
Salary Comparison By Education
How does the education level affect your salary?
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg 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
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/monaco/information-technology/salary-comparison-by-gender-monthly-monaco-information-technology.jpg 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
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/monaco/salary-comparison-by-gender-monthly-monaco.jpg
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.
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/monaco/information-technology/annual-salary-increment-rate-monaco-information-technology.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.
Monaco / All Professions
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/monaco/annual-salary-increment-rate-monaco.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 Monaco is 2%.”
Worldwide Salary Raises: All Countries and All Jobs
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 / Information Technology / Monaco
How much and how often are bonuses being awarded?Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/monaco/information-technology/annual-salary-bonus-rate-monaco-information-technology.jpg
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 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: 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