Work salaries in Monaco are known to be relatively high, because it is considered the emirate of the rich. Find out the details in this report, as wages vary according to experience, education, age and others, in addition to the professions with the highest and lowest salaries in this emirate.

Located on the French coast of the Mediterranean Sea, Monaco is a country known for its strong and surprisingly diversified economy of tourism, real estate and financial services. These industries are the main provider of employment in Monaco, especially the tourism and financial sectors.

Monaco’s economy depends on three main industries that the state is constantly developing, namely trade, finance and tourism. The number of the workforce in this country is estimated at 50,580, the majority of which works in the previous three major industries, although Monaco is relatively small in terms of land area.

Work salary in Monaco

Work salary in Monaco

Monaco is one of the countries with the highest minimum wage while the current minimum monthly salary is $2,168, which is 5% higher than in France.

Consequently, only 16% of employees in Monaco earn a minimum wage, and the rest of the working population enjoys above-average salaries.

As for the number of working hours in Monaco, it has a standard work week of 39 hours per week or a maximum of ten hours per day. All employees in Monaco are entitled to 13 public holidays and five weeks of annual paid leave each year.

Workers receive a 5% bonus if there is a demand from the employer, and workers must be paid 25% for the first eight hours and 50% for any subsequent hours of overtime work.

Salary for work in Monaco according to years of experience

The salary of the work is greatly affected by the number of years of experience, the higher the salary, the more clearly.

  • 1 year of experience €152,900 per year
  • 1-2 years experience 62600 euros
  • 2-4 years experience 58400€
  • 4-8 years experience 46900 euros
  • 8-12 years experience €73,600
  • 12-16 years experience 58700€
  • 16-20 years of experience € 112,400
  • +20 years experience 109,800€ per year.

Salary for work in Monaco by level of education

  • PhD degree 133500€
  • Bachelor’s degree 78900€
  • high school h72400€
  • Master’s degree h68100€
  • Some colleges 55700€

Salaries in Monaco by age

  • 21-25 years 79,300 euros
  • 26-30 years 59800.€
  • 31-35 years 60,100€
  • 36-40 years 90,900 euros
  • 46-50 years 102,100€
  • 51-55 years 55700€
  • 56-60 years 73,000 euros
  • 66-70 years 72400€

Salaries in Monaco by type of work

  • self employed 219,700€
  • agreement 79,300€
  • Full-time work 68,400 euros

Salaries for occupations in Monaco

  • The media 208,100 EUR
  • Engineers and technicians 137,500 euros
  • Health and medical care 123,300€
  • Finance and Banking 118,200€
  • Information technology and programming 81,700€
  • Customer service €73000
  • Education and university 72,200€
  • Engineers and technicians €71800
  • Business Administration €65,300
  • Human resources €55,900

Salaries for different jobs in Monaco

    • Surgeon 227800 euros
    • Finance Director €209,000
    • Financial Analyst 81,100€
    • Customer Service Manager €73000
    • Program manager €68,300
    • Project manager 62,200€
    • Human Resources Manager €55,900
  • IT project manager €48,400

Salary levels in Monaco per year

  • (9200-1379)100%€
  • (13800-18399)97.83%€
  • (18400-22999)95.65%€
  • (23000-27599)93.48%€
  • 91.3% F32199) (27,600-€

The most typical salary in Monaco

  • (32200-36799)89.13%€
  • (36800-41399)78.26%€
  • 69.57% (41.400-45999)€
  • (46000-50599)63.04%€
  • (55200-59799)56.52%€

high salaries

  • (147100-156.299)10.87%€
  • (202300-211499)8.7% Euro
  • (220700-229.889)4.35%€
  • (229900-321799)2.17%€

Related :

The best paid jobs in Monaco

Work salary in Monaco

This is a list of the best paying jobs and their average monthly salary in Monaco:

  • CEO – Senior Management 15,425 €
  • Country Manager-Director of Senior Management €10,842
  • IT Manager – Senior Management 10,458 €
  • Rental 10,141€
  • Financial Economic Director 9,660 euros
  • Air Traffic Controller, Transport, Logistics €9,196
  • Experimental transport and logistics €9,024

Worst paying jobs in Monaco

List of lowest paying jobs The average monthly salary in Monaco is:

  • Nursery, teacher, education, science and research assistant 1780€
  • General labor cleanliness 1,876€
  • Sewing of textile, leather and clothing manufacture 1.906€
  • porter ,Staff information Public 2.005€
  • Regular medicine and social care 2,044€
  • Security and protection guard 2.097€
  • Medicine and social care 2.102€

Salaries for occupations in Monaco

Doctor salary in Monaco

The right salary to work as a doctor in Monaco: 19243 USD

Average income in Monaco: 5,976 USD

The impact of a doctor’s work experience on his salary:

  • Expert Doctor +31%
  • Mid-Career Physician +12%
  • Junior Doctor -16%

Psychiatrist salary in Monaco

Salary for a Psychiatrist in Monaco: 16,912 USD

Average income in Monaco: 5976 USD

The impact of work experience on salary:

  • Expert +34%
  • average +14%
  • Beginner -17%

Pediatrician salary in Monaco

Salary for a pediatrician in Monaco: 24561 USD

Average income in Monaco: 5,976 USD

The impact of work experience on salary:

  • Expert Doctor +21%
  • average doctor +9%
  • Junior Doctor -10%

Cardiologist salary in Monaco

Salary for a cardiologist in Monaco: $37,290

Average income in Monaco is 5876 USD

The impact of work experience on the salary:

  • Expert Doctor: +20%
  • Average Doctor Experience: 33%
  • Junior Doctor: -22%

See also:

Dentist salary in Monaco

The right salary to work as a dentist in Monaco: 23,665 US dollars.

Average income in Monaco: 5,976 USD

The impact of work experience on salary:

  • Expert Doctor +29%
  • Mid-career Doctor +15%
  • Junior Doctor -12%

Pharmacist salary in Monaco

Salary for a pharmacist job in Monaco: 13924 USD

Average income in Monaco: 5,976 USD

The impact of work experience on salary:

  • Expert +63%
  • average +32%
  • Beginner -25%

Engineer salary in Monaco

Salary for an engineer in Monaco: 11235 USD

Average income in Monaco: 5,976 USD

The impact of work experience on salary:

  • Senior Engineer +72%
  • Mid-career engineer -18%
  • Junior Engineer -13%

Architect salary in Monaco

Work salary in Monaco

Salary for an architect in Monaco: $9681

Average income Monaco: 5,976 US dollars

Degree of impact of professional experience on salary:

  • Expert: +39%
  • Average Experience: +18%
  • Junior: -12%

Nurse salary in Monaco

Salary for a nurse in Monaco: $9801

Average income in Monaco: 5,976 USD

The impact of work experience on salary:

  • Expert +36%
  • average +17%
  • Beginner -22%

Lawyer salary in Monaco

Salary for a lawyer in Monaco: 14,462 USD

Average income in Monaco: 5976 USD

The impact of work experience on salary:

  • For an expert employee +68%
  • For mid-career employee +40%
  • For a junior employee -21%

Teacher salary in Monaco

Salary to work as a teacher in Monaco: $6753

Average income in Monaco: 5,976 USD

The impact of work experience on salary:

  • Expert +25%
  • average +13%
  • Beginner -10%

Known as the country of choice for the rich, famous and the powerful, Monaco has a wide range of gambling and entertainment centers catering to wealthy locals and tourists, so young expats find it tempting to seek employment in this small and successful country.

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