A person working as Multimedia Specialist in Monaco typically earns around 2,680 EUR. Salaries range from 1,230 EUR (lowest) to 4,260 EUR (highest).
This is the average salary including housing, transport, and other benefits. Multimedia Specialist salaries in Monaco vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Salaries for the position Multimedia Specialist in Monaco range from 1,230 EUR (starting salary) to 4,260 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.
With a median salary of 2,560 EUR, half of the professionals who work as Multimedia Specialist 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.
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 Multimedia Specialist in Monaco earn less than 2,060 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 2,950 EUR while 25% earn more.
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 Multimedia Specialist in Monaco compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 1,530 EUR to 2,230 EUR. About 20% of salaries are below the 1,530 EUR mark, while 10% fall within the range of 2,230 EUR to 2,540 EUR. Only 5% of individuals have salaries exceeding 2,540 EUR.
|0 - 2 Years|
|2 - 5 Years||+34%|
|5 - 10 Years||+48%|
|10 - 15 Years||+22%|
|15 - 20 Years||+9%|
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 Multimedia Specialist and this is what we found.
Employees with less than two years of experience earn approximately 1,400 EUR.
While someone with an experience level between two and five years is expected to earn 1,870 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 2,760 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 3,370 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 3,670 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 3,970 EUR, 8% more than people with fifteen to twenty years of experience.
|Certificate or Diploma||+18%|
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 Multimedia Specialist in order to make a comparison.
Employees at this education level have an average salary of 1,720 EUR.
At this level, the average salary becomes 2,020 EUR, 18% more than the previous level.
At this level, the average salary becomes 2,930 EUR, 45% more than the previous level.
At this level, the average salary becomes 3,830 EUR, 31% more than the previous level.
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.
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 Multimedia Specialist in Monaco, the average difference between the salary of male and female employees is 19%.
Individuals working as Multimedia Specialist in Monaco are likely to observe a salary increase of approximately 7% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
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.
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
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.
85% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 15% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 0% to 4% of their annual salary.
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.
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.
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.
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.
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.
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.
The minimum pay rate per hour for people working as Multimedia Specialist 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.
|Job Title||Average Salary|
|Advertising / Graphic Design / Events||-100%|
|Advertisement Fraud Analyst||4,400 EUR||+64%|
|Advertising Account Executive||4,710 EUR||+76%|
|Advertising Account Manager||5,150 EUR||+92%|
|Advertising Account Planner||2,620 EUR||-2%|
|Advertising and Promotions Manager||6,900 EUR||+160%|
|Advertising Coordinator||3,590 EUR||+34%|
|Advertising Data Analyst||4,680 EUR||+75%|
|Advertising Manager||6,540 EUR||+140%|
|Advertising Operations Manager||7,010 EUR||+160%|
|Advertising Sales Director||7,300 EUR||+170%|
|Advertising Strategic Planner||4,610 EUR||+72%|
|Advertising Team Leader||4,170 EUR||+56%|
|Animation Director||5,270 EUR||+97%|
|Art Director||4,260 EUR||+59%|
|Art Manager||4,190 EUR||+56%|
|Artificial Intelligence Advertising Analyst||4,750 EUR||+77%|
|Assistant Art Director||3,230 EUR||+21%|
|Audio and Video Equipment Technician||2,680 EUR||+0%|
|Audio Engineer||3,080 EUR||+15%|
|Audiosual Technician||2,560 EUR||-4%|
|Branding Consultant||5,600 EUR||+110%|
|Broadcast Administrator||4,540 EUR||+70%|
|Catering Sales||2,770 EUR||+3%|
|Catering Trainer||3,300 EUR||+23%|
|Color Consultant||2,710 EUR||+1%|
|Commercial and Industrial Designer||2,640 EUR||-1%|
|Conference Organiser||3,210 EUR||+20%|
|Content and Media Production Lead||4,610 EUR||+72%|
|Creative Content Strategist||5,310 EUR||+98%|
|Creative Designer||3,270 EUR||+22%|
|Creative Director||4,240 EUR||+58%|
|Creative Technologist||5,020 EUR||+87%|
|Crowd Management Specialist||4,090 EUR||+53%|
|Design Strategist||4,380 EUR||+64%|
|Desktop Publisher||2,090 EUR||-22%|
|Digital Campaign Manager||4,390 EUR||+64%|
|Digital Media Manager||4,920 EUR||+84%|
|Digital Media Strategist||5,170 EUR||+93%|
|Director of Events||6,980 EUR||+160%|
|Director of Graphic Design||3,820 EUR||+43%|
|Director of Social Media Marketing||5,570 EUR||+110%|
|Event Experience Designer||4,390 EUR||+64%|
|Event Security Specialist||4,000 EUR||+49%|
|Event Technology Consultant||4,290 EUR||+60%|
|Event Technology Integration Specialist||3,820 EUR||+43%|
|Events and Promotions Manager||6,630 EUR||+150%|
|Events Director||6,850 EUR||+160%|
|Exhibit Designer||3,330 EUR||+24%|
|Exhibit Display Coordinator||3,430 EUR||+28%|
|Exhibit Display Manager||4,220 EUR||+58%|
|Experiential Designer||4,150 EUR||+55%|
|Gamification Specialist||4,640 EUR||+73%|
|Graphic Artist||2,740 EUR||+2%|
|Graphic Design Specialist||3,280 EUR||+22%|
|Graphic Designer||2,840 EUR||+6%|
|Graphics Artist||2,850 EUR||+6%|
|Graphics Design Supervisor||3,770 EUR||+41%|
|Group Creative Director||4,590 EUR||+71%|
|Imagery Analyst||2,570 EUR||-4%|
|Imaging Technologist||2,680 EUR||+0%|
|Immersive Storyteller||3,840 EUR||+43%|
|Interaction Designer||2,420 EUR||-10%|
|Lead Generation Specialist||4,940 EUR||+84%|
|Media Analyst||3,370 EUR||+26%|
|Media Executive||4,480 EUR||+67%|
|Media Planner||3,410 EUR||+27%|
|Media Production Coordinator||3,350 EUR||+25%|
|Media Production Manager||5,450 EUR||+100%|
|Media Project Manager||5,710 EUR||+110%|
|Media Relations Representative||4,640 EUR||+73%|
|Media Sales Executive||5,420 EUR||+100%|
|Meeting and Event Planner||3,170 EUR||+18%|
|Mobile Advertising Specialist||5,080 EUR||+90%|
|Motion Graphic Artist||3,650 EUR||+36%|
|Motion Graphics Designer||3,450 EUR||+29%|
|Multimedia Artist||2,870 EUR||+7%|
|Multimedia Specialist||2,680 EUR||+0%|
|NFT Designer||3,170 EUR||+18%|
|NFT Specialist||3,200 EUR||+19%|
|PPC Campaign Manager||4,380 EUR||+64%|
|Print Production Manager||4,820 EUR||+80%|
|Product and Brand Manager||6,410 EUR||+140%|
|Sales Promotion Manager||6,520 EUR||+140%|
|Search Engine Optimization Specialist (SEO)||3,110 EUR||+16%|
|Sketch Artist||3,230 EUR||+21%|
|Social Media Event Strategist||3,780 EUR||+41%|
|Social Media Executive||5,400 EUR||+100%|
|Social Media Graphic Designer||3,120 EUR||+17%|
|Social Media Manager||5,090 EUR||+90%|
|Social Media Marketing Manager||5,180 EUR||+93%|
|Social Media Strategist||5,540 EUR||+110%|
|Special Events Supervisor||4,090 EUR||+53%|
|Technical Typist||2,060 EUR||-23%|
|User Experience UX Designer||3,030 EUR||+13%|
|UX Designer||2,590 EUR||-3%|
|Virtual / Augmented Reality Advertiser||4,130 EUR||+54%|
|Virtual / Augmented Reality Event Producer||3,430 EUR||+28%|
|Virtual / Augmented Reality Showroom Designer||3,240 EUR||+21%|
|Virtual Events Planner||3,690 EUR||+38%|
|Virtual Trade Show Manager||3,270 EUR||+22%|
|Voice Search Optimization Specialist||4,220 EUR||+58%|
|Web Accessibility Designer||3,510 EUR||+31%|
|Web3 Designer||3,480 EUR||+30%|
|Webinar Designer||3,510 EUR||+31%|
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.
A good and competitive compensation would range anywhere between 2,560 EUR and 2,950 EUR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
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.
The base salary for a careers like Multimedia Specialist in Monaco ranges from 1,230 EUR to 2,060 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.
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