Average CNC Programmer Salary in Monaco for 2024

In this article, we will look at the average CNC Programmer 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 CNC Programmer Make in Monaco?

An CNC Programmer working in Monaco will typically earn around 34,540 EUR per year, and this can range from the lowest average salary of about 16,400 EUR to the highest average salary of 53,660 EUR.

Average Annual Salary
34,540 EUR
Average Monthly Salary
2,878 EUR

Lowest Annual Salary
16,400 EUR
Lowest Monthly Salary
1,366 EUR

Highest Annual Salary
53,660 EUR
Highest Monthly Salary
4,471 EUR

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

CNC Programmer 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 CNC Programmer Salaries in Monaco

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

Salary ranges

We already know that an CNC Programmer can earn between 16,400 EUR and 53,660 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 CNC Programmer in Monaco is 34,360 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 34,360 EUR, and 50% of the population earn more than 34,360 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 CNC Programmer salary in Monaco, 25% of the population are earning less than 22,660 EUR while 75% of the population earn more than 22,660 EUR.

75% of the population earn less than 46,160 EUR, and 25% of the population earn more than 46,160 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.

CNC Programmer 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 cnc programmer 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 CNC Programmer in Monaco that has less than two years of experience can expect to earn somewhere in the region of 18,280 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average CNC Programmer salary would increase to 26,500 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as an CNC Programmer, the average salary would be 37,200 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 45,060 EUR.
  • 15 - 20 Years Experience. An CNC Programmer with 15 to 20 years of experience can earn an average of 47,120 EUR.
  • 20+ Years Experience. For an CNC Programmer with more than 20 years, the expected average salary increases to 52,460 EUR.

Average Salary by Experience Chart

0-2 Years
18,280 EUR
2-5 Years +42%
26,500 EUR
5-10 Years +32%
37,200 EUR
10-15 Years +23%
45,060 EUR
15-20 Years +6%
47,120 EUR
20+ Years +10%
52,460 EUR

CNC Programmer 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 CNC Programmer in Monaco based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Certificate or Diploma. An CNC Programmer in Monaco with a certificate or diploma education can earn an average salary of 25,940 EUR.

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

Average Salary by Education Chart

Certificate or Diploma
25,940 EUR
Bachelor's Degree +90%
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.

CNC Programmer 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 cnc programmer will earn an average of 36,160 EUR, while a female cnc programmer will earn around 31,980 EUR.

This means that a male cnc programmer earns approximately 13% more than a female cnc programmer for performing the same job.

Average Salary by Gender Chart in Monaco

Male
36,160 EUR
Female -13%
31,980 EUR

CNC Programmer 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 CNC Programmer in Monaco is around 6% 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 = ( 6 ÷ 29 ) × 12  = 2%

What this means is that an CNC Programmer in Monaco can expect to receive an average pay raise of around 2% 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%

CNC Programmer 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 CNC Programmer is a low bonus based job, with 14% of employees reporting at least one bonus in the last 12 months.

86% 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 0% to 4%.

Received Bonus
14%
No Bonus
86%

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 CNC Programmer

In the table below, we have salary information for jobs that are similar to an CNC Programmer in Monaco.

Job Title Category Salary
Assembly Foreman Factory and Manufacturing 17,620 EUR
Assembly Line Worker Factory and Manufacturing 16,400 EUR
Assembly Supervisor Factory and Manufacturing 23,660 EUR
Assistance Maintenance Manager Factory and Manufacturing 51,080 EUR
Assistant Shipping Manager Factory and Manufacturing 45,580 EUR
Chemical Equipment Controller Factory and Manufacturing 36,940 EUR
Chemical Technican Apprentice Factory and Manufacturing 29,320 EUR
CNC Machinist Factory and Manufacturing 35,300 EUR
CNC Operator Factory and Manufacturing 31,960 EUR
Colour Technologist Factory and Manufacturing 20,500 EUR
Contracts Manager Factory and Manufacturing 63,380 EUR
Data Collection Coordinator Factory and Manufacturing 23,080 EUR
Demand Planner Factory and Manufacturing 23,380 EUR
Derrick Operator Factory and Manufacturing 18,260 EUR
Director of Manufacturing Factory and Manufacturing 78,260 EUR
Dock Worker Factory and Manufacturing 14,140 EUR
Drying Technician Factory and Manufacturing 17,560 EUR
Equipment Operator Factory and Manufacturing 15,760 EUR
Export Sales Coordinator Factory and Manufacturing 43,760 EUR
Factory Superintendent Factory and Manufacturing 23,700 EUR
Factory Worker Factory and Manufacturing 15,700 EUR
Failure Analysis Technician Factory and Manufacturing 24,800 EUR
Fiberglass Laminator Factory and Manufacturing 19,640 EUR
Food Technologist Factory and Manufacturing 28,820 EUR
Forklift Driver Factory and Manufacturing 15,920 EUR
Forklift Operator Factory and Manufacturing 18,780 EUR
Forming Machine Operator Factory and Manufacturing 17,860 EUR
Furnace Operator Factory and Manufacturing 16,340 EUR
Gas Appliance Repairer Factory and Manufacturing 18,780 EUR
General Warehouse Associate Factory and Manufacturing 28,820 EUR
Heavy Equipment Operator Factory and Manufacturing 21,540 EUR
HSE Manager Factory and Manufacturing 58,860 EUR
Industrial Engineer Factory and Manufacturing 44,540 EUR
Industrial Machinery Mechanic Factory and Manufacturing 30,800 EUR
Industrial Production Manager Factory and Manufacturing 80,020 EUR
Industrial Safety and Health Engineer Factory and Manufacturing 45,720 EUR
Intake Operator Factory and Manufacturing 21,640 EUR
Key Account Manager Factory and Manufacturing 64,180 EUR
Lift Truck Operator Factory and Manufacturing 18,780 EUR
Loading Supervisor Factory and Manufacturing 26,500 EUR
Logistic Coordinator Factory and Manufacturing 39,160 EUR
Logistics Clerk Factory and Manufacturing 19,860 EUR
Machine Operator Factory and Manufacturing 18,260 EUR
Machinist Factory and Manufacturing 16,340 EUR
Maintenance Manager Factory and Manufacturing 56,460 EUR
Maintenance Store Clerk Factory and Manufacturing 20,300 EUR
Manufacturing Engineer Factory and Manufacturing 46,840 EUR
Manufacturing Engineering Manager Factory and Manufacturing 66,680 EUR
Manufacturing Engineering Technologist Factory and Manufacturing 51,400 EUR
Manufacturing Manager Factory and Manufacturing 80,920 EUR
Manufacturing Operative Factory and Manufacturing 24,860 EUR
Manufacturing Production Technician Factory and Manufacturing 20,000 EUR
Manufacturing Supervisor Factory and Manufacturing 40,240 EUR
Manufacturing Technician Factory and Manufacturing 21,540 EUR
Materials Manager Factory and Manufacturing 64,560 EUR
Materials Supervisor Factory and Manufacturing 39,420 EUR
Mechanical Fitter Engineer Factory and Manufacturing 45,720 EUR
Mechanical Foreman Factory and Manufacturing 16,880 EUR
Merchandise Planner Factory and Manufacturing 27,380 EUR
Metrology Engineer Factory and Manufacturing 45,060 EUR
Operations Engineer Factory and Manufacturing 43,260 EUR
Operations Manager Factory and Manufacturing 74,540 EUR
Order Management Coordinator Factory and Manufacturing 36,700 EUR
Order Processing Manager Factory and Manufacturing 59,380 EUR
Order Selector Factory and Manufacturing 20,940 EUR
Package Handler Factory and Manufacturing 15,300 EUR
Packaging Manager Factory and Manufacturing 44,780 EUR
Packer Factory and Manufacturing 17,540 EUR
Packing Deputy Supervisor Factory and Manufacturing 37,800 EUR
Planning Manager Factory and Manufacturing 61,620 EUR
Plant Manager Factory and Manufacturing 69,720 EUR
Precision Instrument Repairer Factory and Manufacturing 22,340 EUR
Process Technician Factory and Manufacturing 21,100 EUR
Product Manager Factory and Manufacturing 73,100 EUR
Production Analyst Factory and Manufacturing 60,600 EUR
Production Director Factory and Manufacturing 81,880 EUR
Production Engineer Factory and Manufacturing 48,740 EUR
Production Engineering Supervisor Factory and Manufacturing 63,400 EUR
Production Inspector Factory and Manufacturing 51,400 EUR
Production Laborer Factory and Manufacturing 15,580 EUR
Production Manager Factory and Manufacturing 80,540 EUR
Production Operator Factory and Manufacturing 21,400 EUR
Production Scheduler Factory and Manufacturing 39,160 EUR
Production Supervisor Factory and Manufacturing 47,580 EUR
Production Technician Factory and Manufacturing 20,000 EUR
Production Worker Factory and Manufacturing 20,500 EUR
Quality Control Analyst Factory and Manufacturing 63,380 EUR
Quality Control Inspector Factory and Manufacturing 48,300 EUR
Quality Control Manager Factory and Manufacturing 62,860 EUR
Service Technician Factory and Manufacturing 21,400 EUR
SHEQ Officer Factory and Manufacturing 23,480 EUR
Shipping Manager Factory and Manufacturing 66,100 EUR
Small Engine Mechanic Factory and Manufacturing 26,100 EUR
Spray Painter Factory and Manufacturing 16,340 EUR
Sterile Processing Technician Factory and Manufacturing 20,120 EUR
Structural Welder Factory and Manufacturing 13,100 EUR
Supply Chain Operative Factory and Manufacturing 40,600 EUR
Technical Operator Factory and Manufacturing 21,640 EUR
Technology Development Manager Factory and Manufacturing 73,800 EUR
Testing Technician Factory and Manufacturing 34,240 EUR
Toolmaker Factory and Manufacturing 25,220 EUR
Warehouse Forklift Operator Factory and Manufacturing 17,860 EUR
Warehouse Operative Factory and Manufacturing 15,920 EUR
Warehouse Worker Factory and Manufacturing 19,640 EUR
Warranty Handler Factory and Manufacturing 27,480 EUR
Welder Factory and Manufacturing 15,300 EUR
Workshop Manager Factory and Manufacturing 50,340 EUR

Link To or Reference This Page

We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be as useful to you as possible.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference World Salaries as the source. We appreciate your support!

  • "Average CNC Programmer Salary in Monaco for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-cnc-programmer-salary-in-monaco/.

  • "Average CNC Programmer Salary in Monaco for 2024". World Salaries, https://worldsalaries.com/average-cnc-programmer-salary-in-monaco/. Accessed 28 March, 2024

  • Average CNC Programmer Salary in Monaco for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-cnc-programmer-salary-in-monaco/.