Average Circulations Director Salary in Monaco for 2024

In this article, we will look at the average Circulations Director 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 a Circulations Director Make in Monaco?

A Circulations Director working in Monaco will typically earn around 67,800 EUR per year, and this can range from the lowest average salary of about 39,160 EUR to the highest average salary of 105,620 EUR.

Average Annual Salary
67,800 EUR
Average Monthly Salary
5,650 EUR

Lowest Annual Salary
39,160 EUR
Lowest Monthly Salary
3,263 EUR

Highest Annual Salary
105,620 EUR
Highest Monthly Salary
8,801 EUR

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

Circulations Director 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 Circulations Director Salaries in Monaco

So we've looked at the average salaries a Circulations Director will earn in Monaco. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Circulations Director can earn between 39,160 EUR and 105,620 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 a Circulations Director in Monaco is 63,480 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 63,480 EUR, and 50% of the population earn more than 63,480 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 Circulations Director salary in Monaco, 25% of the population are earning less than 45,620 EUR while 75% of the population earn more than 45,620 EUR.

75% of the population earn less than 79,280 EUR, and 25% of the population earn more than 79,280 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.

Circulations Director 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 circulations director 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. A Circulations Director in Monaco that has less than two years of experience can expect to earn somewhere in the region of 43,080 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Circulations Director salary would increase to 56,100 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Circulations Director, the average salary would be 73,820 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 86,760 EUR.
  • 15 - 20 Years Experience. A Circulations Director with 15 to 20 years of experience can earn an average of 93,880 EUR.
  • 20+ Years Experience. For a Circulations Director with more than 20 years, the expected average salary increases to 101,900 EUR.

Average Salary by Experience Chart

0-2 Years
43,080 EUR
2-5 Years +26%
56,100 EUR
5-10 Years +32%
73,820 EUR
10-15 Years +18%
86,760 EUR
15-20 Years +11%
93,880 EUR
20+ Years +6%
101,900 EUR

Circulations Director 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 a Circulations Director 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. A Circulations Director in Monaco with a high school education can earn an average salary of 53,660 EUR.

  • Certificate or Diploma. A Circulations Director in Monaco with a certificate or diploma education can earn an average salary of 61,180 EUR.

  • Bachelor's Degree. A Circulations Director in Monaco with a bachelor's degree education can earn an average salary of 78,940 EUR.

  • Master's Degree. A Circulations Director in Monaco with a master's degree education can earn an average salary of 95,980 EUR.

Average Salary by Education Chart

High School
53,660 EUR
Certificate or Diploma +13%
61,180 EUR
Bachelor's Degree +32%
78,940 EUR
Master's Degree +24%
95,980 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.

Circulations Director 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 circulations director will earn an average of 72,420 EUR, while a female circulations director will earn around 64,620 EUR.

This means that a male circulations director earns approximately 12% more than a female circulations director for performing the same job.

Average Salary by Gender Chart in Monaco

Male
72,420 EUR
Female -12%
64,620 EUR

Circulations Director 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 a Circulations Director in Monaco is around 8% every 30 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 = ( 8 ÷ 30 ) × 12  = 3%

What this means is that a Circulations Director 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%

Circulations Director 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.

A Circulations Director is a low bonus based job, with 34% of employees reporting at least one bonus in the last 12 months.

66% 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 4% to 5%.

Received Bonus
34%
No Bonus
66%

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 a Circulations Director

In the table below, we have salary information for jobs that are similar to a Circulations Director in Monaco.

Job Title Category Salary
Advertising Copywriter Publishing and Printing 48,340 EUR
Art Director Publishing and Printing 50,240 EUR
Art Supervisor Publishing and Printing 47,760 EUR
Artist Publishing and Printing 48,200 EUR
Assistant Editor Publishing and Printing 40,240 EUR
Associate Content Management Specialist Publishing and Printing 45,000 EUR
Associate Editor Publishing and Printing 40,640 EUR
Binder and Finisher Publishing and Printing 20,760 EUR
Bindery Supervisor Publishing and Printing 30,220 EUR
Color Matcher Publishing and Printing 29,840 EUR
Color Technician Publishing and Printing 24,200 EUR
Commissioning Editor Publishing and Printing 40,040 EUR
Communications Editor Publishing and Printing 40,600 EUR
Content Copywriter Publishing and Printing 45,600 EUR
Content Management Assistant Publishing and Printing 38,340 EUR
Content Publisher Publishing and Printing 39,800 EUR
Content Writer Publishing and Printing 45,580 EUR
CopyWriter Publishing and Printing 46,980 EUR
Corporate Print Center Specialist Publishing and Printing 34,280 EUR
Curator Publishing and Printing 40,240 EUR
DTP Operator Publishing and Printing 39,800 EUR
Editor Publishing and Printing 43,260 EUR
Electronic Publisher Publishing and Printing 47,760 EUR
Fashion Subeditor Publishing and Printing 44,780 EUR
Media Design Manager Publishing and Printing 76,280 EUR
Media Planner Publishing and Printing 49,820 EUR
Photographer Publishing and Printing 40,560 EUR
Planning and Supply Manager Publishing and Printing 86,460 EUR
Print Production Coordinator Publishing and Printing 39,800 EUR
Print Production Manager Publishing and Printing 80,180 EUR
Printing Press Operator Publishing and Printing 39,640 EUR
Production Editor Publishing and Printing 43,340 EUR
Proofreader Publishing and Printing 36,700 EUR
Publisher Publishing and Printing 50,580 EUR
Publishing and Printing Coordinator Publishing and Printing 37,620 EUR
Publishing and Printing Manager Publishing and Printing 81,880 EUR
Publishing and Printing Supervisor Publishing and Printing 61,760 EUR
Publishing Specialist Publishing and Printing 50,980 EUR
Reporter Publishing and Printing 58,860 EUR
Technical Writer Publishing and Printing 45,600 EUR
Technical Writing Manager Publishing and Printing 64,640 EUR

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