Average Assistant Tour Manager Salary in Monaco for 2024

In this article, we will look at the average Assistant Tour Manager salary for 2024 in Monaco and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Euro. To keep things simple, we are using the EUR currency code instead of the currency symbol โ‚ฌ.

How Much Does an Assistant Tour Manager Make in Monaco?

An Assistant Tour Manager working in Monaco will typically earn around 35,520 EUR per year, and this can range from the lowest average salary of about 15,920 EUR to the highest average salary of 55,140 EUR.

Average Annual Salary
35,520 EUR
Average Monthly Salary
2,960 EUR

Lowest Annual Salary
15,920 EUR
Lowest Monthly Salary
1,326 EUR

Highest Annual Salary
55,140 EUR
Highest Monthly Salary
4,595 EUR

These are average salaries for an Assistant Tour Manager in Monaco and include benefits such as housing and transport. It's also possible for an Assistant Tour Manager to earn more or less than the average salaries shown above.

Assistant Tour Manager salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Assistant Tour Manager Salaries in Monaco

So we've looked at the average salaries an Assistant Tour Manager will earn in Monaco. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Assistant Tour Manager can earn between 15,920 EUR and 55,140 EUR on average in Monaco. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for an Assistant Tour Manager in Monaco is 35,520 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 35,520 EUR, and 50% of the population earn more than 35,520 EUR.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Assistant Tour Manager salary in Monaco, 25% of the population are earning less than 22,340 EUR while 75% of the population earn more than 22,340 EUR.

75% of the population earn less than 44,540 EUR, and 25% of the population earn more than 44,540 EUR.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Assistant Tour Manager Salary by Experience Level in Monaco

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average assistant tour manager salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. An Assistant Tour Manager in Monaco that has less than two years of experience can expect to earn somewhere in the region of 21,400 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Assistant Tour Manager salary would increase to 27,620 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as an Assistant Tour Manager, the average salary would be 36,580 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 45,580 EUR.
  • 15 - 20 Years Experience. An Assistant Tour Manager with 15 to 20 years of experience can earn an average of 48,160 EUR.
  • 20+ Years Experience. For an Assistant Tour Manager with more than 20 years, the expected average salary increases to 52,540 EUR.

Average Salary by Experience Chart

0-2 Years
21,400 EUR
2-5 Years +32%
27,620 EUR
5-10 Years +34%
36,580 EUR
10-15 Years +19%
45,580 EUR
15-20 Years +8%
48,160 EUR
20+ Years +7%
52,540 EUR

Assistant Tour Manager Salary by Education Level in Monaco

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for an Assistant Tour Manager in Monaco based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. An Assistant Tour Manager in Monaco with a high school education can earn an average salary of 27,620 EUR.

  • Certificate or Diploma. An Assistant Tour Manager in Monaco with a certificate or diploma education can earn an average salary of 39,960 EUR.

  • Bachelor's Degree. An Assistant Tour Manager in Monaco with a bachelor's degree education can earn an average salary of 49,360 EUR.

Average Salary by Education Chart

High School
27,620 EUR
Certificate or Diploma +40%
39,960 EUR
Bachelor's Degree +25%
49,360 EUR

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Monaco is around 21,200 to 63,600 EUR and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Assistant Tour Manager Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Monaco, a male assistant tour manager will earn an average of 32,420 EUR, while a female assistant tour manager will earn around 34,380 EUR.

This means that a male assistant tour manager earns approximately 6% less than a female assistant tour manager for performing the same job.

Average Salary by Gender Chart in Monaco

Male
32,420 EUR
Female +6%
34,380 EUR

Assistant Tour Manager Average Pay Raise in Monaco

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for an Assistant Tour Manager in Monaco is around 7% every 29 months.

The national average pay raise across all professions and industries in Monaco is around 5% every 28 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 7 ÷ 29 ) × 12  = 3%

What this means is that an Assistant Tour Manager in Monaco can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Monaco for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Monaco.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Assistant Tour Manager Bonus and Incentive Rates in Monaco

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

An Assistant Tour Manager is a low bonus based job, with 37% of employees reporting at least one bonus in the last 12 months.

63% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 6%.

Received Bonus
37%
No Bonus
63%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Monaco earn approximately 6% more than private sector employees in the same role.

Public Sector
52,880 EUR
Private Sector -6%
49,820 EUR

Salaries for Jobs Similar to an Assistant Tour Manager

In the table below, we have salary information for jobs that are similar to an Assistant Tour Manager in Monaco.

Job Title Category Salary
All Rounder Food / Hospitality / Tourism / Catering 23,380 EUR
Assistant Executive Housekeeper Food / Hospitality / Tourism / Catering 15,700 EUR
Assistant Food and Beverage Controller Food / Hospitality / Tourism / Catering 31,540 EUR
Assistant Food and Beverage Director Food / Hospitality / Tourism / Catering 66,100 EUR
Assistant Hospitality Manager Food / Hospitality / Tourism / Catering 69,260 EUR
Assistant Storekeeper Food / Hospitality / Tourism / Catering 18,260 EUR
Baker and Pastrycook Food / Hospitality / Tourism / Catering 19,020 EUR
Bakery Manager Food / Hospitality / Tourism / Catering 37,380 EUR
Bakery Superintendent Food / Hospitality / Tourism / Catering 26,660 EUR
Banquet Captain Food / Hospitality / Tourism / Catering 22,540 EUR
Banquet Manager Food / Hospitality / Tourism / Catering 28,820 EUR
Banquet Server Food / Hospitality / Tourism / Catering 16,980 EUR
Bar Attendant Food / Hospitality / Tourism / Catering 18,900 EUR
Bar Manager Food / Hospitality / Tourism / Catering 33,980 EUR
Bar Supervisor Food / Hospitality / Tourism / Catering 27,040 EUR
Barista Food / Hospitality / Tourism / Catering 19,980 EUR
Bartender Food / Hospitality / Tourism / Catering 22,420 EUR
Bellman Food / Hospitality / Tourism / Catering 20,300 EUR
Beverage Manager Food / Hospitality / Tourism / Catering 39,420 EUR
Bistro Attendant Food / Hospitality / Tourism / Catering 20,520 EUR
Buffet Chef Food / Hospitality / Tourism / Catering 31,380 EUR
Buffet Host Food / Hospitality / Tourism / Catering 19,020 EUR
Buffet Manager Food / Hospitality / Tourism / Catering 37,740 EUR
Butcher and Slaughterer Food / Hospitality / Tourism / Catering 18,260 EUR
Cafeteria Assistant Food / Hospitality / Tourism / Catering 21,020 EUR
Cafeteria Manager Food / Hospitality / Tourism / Catering 35,300 EUR
Cafeteria Supervisor Food / Hospitality / Tourism / Catering 24,860 EUR
Cake Decorator Food / Hospitality / Tourism / Catering 19,060 EUR
Casino Shift Manager Food / Hospitality / Tourism / Catering 54,560 EUR
Chain Store Customer Support Food / Hospitality / Tourism / Catering 30,800 EUR
Chef Food / Hospitality / Tourism / Catering 34,480 EUR
Chef De Cuisine Food / Hospitality / Tourism / Catering 45,560 EUR
Club Manager Food / Hospitality / Tourism / Catering 57,820 EUR
Cluster Director Food / Hospitality / Tourism / Catering 74,060 EUR
Cluster Revenue Manager Food / Hospitality / Tourism / Catering 60,160 EUR
Cocktail Server Food / Hospitality / Tourism / Catering 20,500 EUR
Coffee Shop Manager Food / Hospitality / Tourism / Catering 56,100 EUR
Concierge Food / Hospitality / Tourism / Catering 17,760 EUR
Confectionery Baker Food / Hospitality / Tourism / Catering 20,000 EUR
Conference and Sales Coordinator Food / Hospitality / Tourism / Catering 30,700 EUR
Conference Services Manager Food / Hospitality / Tourism / Catering 36,720 EUR
Cook Food / Hospitality / Tourism / Catering 31,660 EUR
Corporate Sous Chef Food / Hospitality / Tourism / Catering 45,000 EUR
Corporate Travel Consultant Food / Hospitality / Tourism / Catering 47,540 EUR
Croupier Food / Hospitality / Tourism / Catering 23,500 EUR
Culinary Assistant Food / Hospitality / Tourism / Catering 16,720 EUR
Culinary Associate Food / Hospitality / Tourism / Catering 16,140 EUR
Demi Chef Food / Hospitality / Tourism / Catering 33,980 EUR
Dietary Aide Food / Hospitality / Tourism / Catering 32,420 EUR
Dining Room Supervisor Food / Hospitality / Tourism / Catering 29,320 EUR
Dishwasher Food / Hospitality / Tourism / Catering 14,140 EUR
Duty Manager Food / Hospitality / Tourism / Catering 36,700 EUR
Events Coordinator Food / Hospitality / Tourism / Catering 26,100 EUR
Executive Chef Food / Hospitality / Tourism / Catering 38,060 EUR
Executive Pastry Chef Food / Hospitality / Tourism / Catering 31,080 EUR
Fast Food Cook Food / Hospitality / Tourism / Catering 29,040 EUR
Fast Food Shift Supervisor Food / Hospitality / Tourism / Catering 26,400 EUR
Fine Dining Cook Food / Hospitality / Tourism / Catering 45,580 EUR
Fine Dining Restaurant Chef Food / Hospitality / Tourism / Catering 45,560 EUR
Fleet Manager Food / Hospitality / Tourism / Catering 78,480 EUR
Food and Beverage Manager Food / Hospitality / Tourism / Catering 60,480 EUR
Food Consultant Food / Hospitality / Tourism / Catering 51,100 EUR
Food Safety Coordinator Food / Hospitality / Tourism / Catering 38,180 EUR
Food Server Food / Hospitality / Tourism / Catering 16,980 EUR
Food Service Director Food / Hospitality / Tourism / Catering 63,380 EUR
Food Service Manager Food / Hospitality / Tourism / Catering 65,800 EUR
Food Service Sales Food / Hospitality / Tourism / Catering 39,080 EUR
Food Service Worker Food / Hospitality / Tourism / Catering 18,780 EUR
Front Desk Agent Food / Hospitality / Tourism / Catering 23,520 EUR
Front Desk Clerk Food / Hospitality / Tourism / Catering 21,020 EUR
Front Office Manager Food / Hospitality / Tourism / Catering 37,740 EUR
Guest Service Executive Food / Hospitality / Tourism / Catering 50,980 EUR
Guest Service Representative Food / Hospitality / Tourism / Catering 22,400 EUR
Head Chef Food / Hospitality / Tourism / Catering 37,800 EUR
Head Concierge Food / Hospitality / Tourism / Catering 25,720 EUR
Hospitality Director Food / Hospitality / Tourism / Catering 92,900 EUR
Hostess / Host Food / Hospitality / Tourism / Catering 19,980 EUR
Hotel Desk Clerk Food / Hospitality / Tourism / Catering 23,520 EUR
Hotel Maid Food / Hospitality / Tourism / Catering 17,540 EUR
Hotel Manager Food / Hospitality / Tourism / Catering 84,180 EUR
Hotel Sales Manager Food / Hospitality / Tourism / Catering 66,940 EUR
Hotel Service Supervisor Food / Hospitality / Tourism / Catering 51,400 EUR
Hotel Staff Food / Hospitality / Tourism / Catering 17,740 EUR
Inventory Coordinator Food / Hospitality / Tourism / Catering 23,660 EUR
Kitchen Manager Food / Hospitality / Tourism / Catering 35,300 EUR
Kitchen Staff Food / Hospitality / Tourism / Catering 19,020 EUR
Kitchen Supervisor Food / Hospitality / Tourism / Catering 27,480 EUR
Line Cook Food / Hospitality / Tourism / Catering 31,660 EUR
Luggage Porter Food / Hospitality / Tourism / Catering 16,400 EUR
Motel Manager Food / Hospitality / Tourism / Catering 51,120 EUR
Pastry Chef Food / Hospitality / Tourism / Catering 26,400 EUR
Pastrycooking and Baking Assistant Food / Hospitality / Tourism / Catering 18,940 EUR
Production Operator Food / Hospitality / Tourism / Catering 28,900 EUR
Quality, Health and Safety Coordinator Food / Hospitality / Tourism / Catering 32,020 EUR
Receptionist Food / Hospitality / Tourism / Catering 23,520 EUR
Regional Restaurant Manager Food / Hospitality / Tourism / Catering 71,660 EUR
Restaurant Manager Food / Hospitality / Tourism / Catering 59,000 EUR
Restaurant Server Food / Hospitality / Tourism / Catering 18,940 EUR
Room Reservations Manager Food / Hospitality / Tourism / Catering 58,720 EUR
Room Service Manager Food / Hospitality / Tourism / Catering 59,940 EUR
Sous Chef Food / Hospitality / Tourism / Catering 33,980 EUR
Special Events Coordinator Food / Hospitality / Tourism / Catering 41,980 EUR
Supervisor of Food Services Food / Hospitality / Tourism / Catering 44,180 EUR
Tour Consultant Food / Hospitality / Tourism / Catering 43,520 EUR
Tour Guide Food / Hospitality / Tourism / Catering 31,040 EUR
Tour Manager Food / Hospitality / Tourism / Catering 43,360 EUR
Travel Agent Food / Hospitality / Tourism / Catering 35,300 EUR
Travel Consultant Food / Hospitality / Tourism / Catering 47,760 EUR
Waiter / Waitress Food / Hospitality / Tourism / Catering 18,780 EUR

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