A person working as a Media Production Manager in Cyprus typically earns around 2,910 EUR per month. Salaries range from 1,510 EUR (lowest) to 4,450 EUR (highest).
This is the average monthly salary including housing, transport, and other benefits. Media Production Manager salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Media Production Manager salaries in Cyprus range from 1,510 EUR per month (minimum salary) to 4,450 EUR per month (maximum salary).
The median salary is 2,790 EUR per month, which means that half (50%) of people working as Media Production Manager(s) are earning less than 2,790 EUR while the other half are earning more than 2,790 EUR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Media Production Manager(s) are earning less than 1,940 EUR while 75% of them are earning more than 1,940 EUR. Also from the diagram, 75% of Media Production Manager(s) are earning less than 3,480 EUR while 25% are earning more than 3,480 EUR.
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning 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
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Media Production Manager salaries by experience level and this is what we found.
A Media Production Manager with less than two years of experience makes approximately 1,720 EUR per month.
While someone with an experience level between two and five years is expected to earn 2,310 EUR per month, 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 3,000 EUR per month, 30% more than someone with two to five years of experience.
Additionally, Media Production Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 3,630 EUR per month, 21% 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 3,970 EUR per month, 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 4,170 EUR per month, 5% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+34%|
|5 - 10 Years||+30%|
|10 - 15 Years||+21%|
|15 - 20 Years||+9%|
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 Media Production Manager salaries by education level in order to make a comparison.
When the education level is High School, the average salary of a Media Production Manager is 2,070 EUR per month.
While someone with a Certificate or Diploma gets a salary of 2,370 EUR per month, 14% more than someone having a High School degree.
A Bachelor's Degree gets its holder an average salary of 3,330 EUR per month, 41% more than someone with a Certificate or Diploma.
Professionals who hold a Master's Degree are rewarded with an average salary of 4,040 EUR per month, 21% more than someone with Bachelor's Degree.
|Certificate or Diploma||+14%|
A Master's degree program or any post-graduate program in Cyprus costs anywhere from 10,800 Euro(s) to 32,500 Euro(s) 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 into a higher paying job. The numbers seem to support the thoery. 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? Male Media Production Manager employees in Cyprus earn 6% more than their female counterparts on average.
Media Production Manager(s) in Cyprus are likely to observe a salary increase of approximately 8% every 29 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 rarely 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
Listed above are the average annual increase rates for each industry in Cyprus for the year 2020. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.
A Media Production Manager is considered to be a high bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
39% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 61% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 6% to 8% 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 fix 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 average salary for Media Production Manager is 43% more than that of Advertising / Grapic Design / Events. Also, Advertising / Grapic Design / Events salaries are 6% less than those of All Jobs.
|Job Title||Average Salary|
|Advertising Account Executive||2,350 EUR||-19%|
|Advertising Account Manager||2,490 EUR||-14%|
|Advertising Account Planner||1,350 EUR||-54%|
|Advertising Coordinator||1,660 EUR||-43%|
|Advertising Manager||3,540 EUR||+22%|
|Advertising Operations Manager||3,610 EUR||+24%|
|Advertising Strategic Planner||2,310 EUR||-21%|
|Advertising Team Leader||2,010 EUR||-31%|
|Art Director||2,120 EUR||-27%|
|Assistant Art Director||1,590 EUR||-45%|
|Audiosual Technician||1,280 EUR||-56%|
|Broadcast Administrator||2,200 EUR||-24%|
|Catering Sales||1,440 EUR||-50%|
|Catering Trainer||1,600 EUR||-45%|
|Commercial and Industrial Designer||1,240 EUR||-57%|
|Conference Organiser||1,580 EUR||-46%|
|Content and Media Production Lead||2,350 EUR||-19%|
|Creative Designer||1,580 EUR||-46%|
|Creative Director||2,100 EUR||-28%|
|Desktop Publisher||1,010 EUR||-65%|
|Director of Graphic Design||1,920 EUR||-34%|
|Events and Promotions Manager||3,480 EUR||+20%|
|Exhibit Display Coordinator||1,570 EUR||-46%|
|Exhibit Display Manager||2,220 EUR||-24%|
|Graphic Artist||1,380 EUR||-53%|
|Graphic Designer||1,310 EUR||-55%|
|Graphics Design Supervisor||1,910 EUR||-34%|
|Imagery Analyst||1,200 EUR||-59%|
|Imaging Technologist||1,270 EUR||-56%|
|Interaction Designer||1,130 EUR||-61%|
|Media Planner||1,810 EUR||-38%|
|Media Production Coordinator||1,530 EUR||-47%|
|Media Production Manager||2,910 EUR||+0%|
|Media Project Manager||2,990 EUR||+3%|
|Media Relations Representative||2,380 EUR||-18%|
|Media Sales Executive||2,740 EUR||-6%|
|Multimedia Specialist||1,270 EUR||-56%|
|PPC Campaign Manager||2,180 EUR||-25%|
|Print Production Manager||2,430 EUR||-16%|
|Product and Brand Manager||3,350 EUR||+15%|
|Sales Promotion Manager||3,210 EUR||+10%|
|Sketch Artist||1,530 EUR||-47%|
|Social Media Executive||2,730 EUR||-6%|
|Technical Typist||970 EUR||-67%|
|User Experience UX Designer||1,450 EUR||-50%|
|UX Designer||1,290 EUR||-56%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Cyprus earn 18% more than their private sector counterparts on average across all sectors.