Average Colorist Salary in Monaco for 2024

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

A Colorist working in Monaco will typically earn around 27,380 EUR per year, and this can range from the lowest average salary of about 12,620 EUR to the highest average salary of 38,780 EUR.

Average Annual Salary
27,380 EUR
Average Monthly Salary
2,281 EUR

Lowest Annual Salary
12,620 EUR
Lowest Monthly Salary
1,051 EUR

Highest Annual Salary
38,780 EUR
Highest Monthly Salary
3,231 EUR

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

Colorist 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 Colorist Salaries in Monaco

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

Salary ranges

We already know that a Colorist can earn between 12,620 EUR and 38,780 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 Colorist in Monaco is 29,040 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 29,040 EUR, and 50% of the population earn more than 29,040 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 Colorist salary in Monaco, 25% of the population are earning less than 17,860 EUR while 75% of the population earn more than 17,860 EUR.

75% of the population earn less than 35,000 EUR, and 25% of the population earn more than 35,000 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.

Colorist 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 colorist 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 Colorist in Monaco that has less than two years of experience can expect to earn somewhere in the region of 12,620 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Colorist salary would increase to 18,900 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Colorist, the average salary would be 26,660 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 34,160 EUR.
  • 15 - 20 Years Experience. A Colorist with 15 to 20 years of experience can earn an average of 34,280 EUR.
  • 20+ Years Experience. For a Colorist with more than 20 years, the expected average salary increases to 37,800 EUR.

Average Salary by Experience Chart

0-2 Years
12,620 EUR
2-5 Years +38%
18,900 EUR
5-10 Years +42%
26,660 EUR
10-15 Years +22%
34,160 EUR
15-20 Years +6%
34,280 EUR
20+ Years +9%
37,800 EUR

Colorist 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 Colorist 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 Colorist in Monaco with a high school education can earn an average salary of 15,380 EUR.

  • Certificate or Diploma. A Colorist in Monaco with a certificate or diploma education can earn an average salary of 23,700 EUR.

  • Bachelor's Degree. A Colorist in Monaco with a bachelor's degree education can earn an average salary of 36,700 EUR.

Average Salary by Education Chart

High School
15,380 EUR
Certificate or Diploma +51%
23,700 EUR
Bachelor's Degree +50%
36,700 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.

Colorist 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 colorist will earn an average of 26,100 EUR, while a female colorist will earn around 23,140 EUR.

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

Average Salary by Gender Chart in Monaco

Male
26,100 EUR
Female -13%
23,140 EUR

Colorist 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 Colorist in Monaco is around 8% every 27 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 ÷ 27 ) × 12  = 4%

What this means is that a Colorist in Monaco can expect to receive an average pay raise of around 4% 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%

Colorist 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 Colorist 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 a Colorist

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

Job Title Category Salary
3D Artist Media / Broadcasting / Arts / Entertainment 44,780 EUR
3D Designer Media / Broadcasting / Arts / Entertainment 43,220 EUR
3D Generalist Media / Broadcasting / Arts / Entertainment 40,560 EUR
3D Visualization Specialist Media / Broadcasting / Arts / Entertainment 45,620 EUR
Acrobatic Rigger Media / Broadcasting / Arts / Entertainment 31,380 EUR
Actor Media / Broadcasting / Arts / Entertainment 57,320 EUR
Art Administrator Media / Broadcasting / Arts / Entertainment 47,120 EUR
Art Director Media / Broadcasting / Arts / Entertainment 59,940 EUR
Art Lead Media / Broadcasting / Arts / Entertainment 57,080 EUR
Associate Media Director Media / Broadcasting / Arts / Entertainment 48,940 EUR
Associate Producer Media / Broadcasting / Arts / Entertainment 63,380 EUR
Broadcast and Sound Engineer Media / Broadcasting / Arts / Entertainment 42,320 EUR
Broadcast Associate Media / Broadcasting / Arts / Entertainment 31,520 EUR
Broadcast News Analyst Media / Broadcasting / Arts / Entertainment 45,260 EUR
Broadcast Technician Media / Broadcasting / Arts / Entertainment 31,380 EUR
Broadcasting Journalist Media / Broadcasting / Arts / Entertainment 56,880 EUR
Broadcasting Presenter Media / Broadcasting / Arts / Entertainment 61,840 EUR
Camera Equipment Repairer Media / Broadcasting / Arts / Entertainment 35,500 EUR
Camera Operator Media / Broadcasting / Arts / Entertainment 28,860 EUR
Cartoonist / Animator Media / Broadcasting / Arts / Entertainment 45,060 EUR
CAS Engineer Media / Broadcasting / Arts / Entertainment 47,720 EUR
Censorship Executive Media / Broadcasting / Arts / Entertainment 50,980 EUR
Choreographer Media / Broadcasting / Arts / Entertainment 41,900 EUR
Communications Manager Media / Broadcasting / Arts / Entertainment 69,240 EUR
Correspondent Media / Broadcasting / Arts / Entertainment 53,120 EUR
Dance Director Media / Broadcasting / Arts / Entertainment 47,120 EUR
Dancer Media / Broadcasting / Arts / Entertainment 41,820 EUR
Director of Photography Media / Broadcasting / Arts / Entertainment 47,580 EUR
Disc Jockey Media / Broadcasting / Arts / Entertainment 33,960 EUR
Editorial Assistant Media / Broadcasting / Arts / Entertainment 28,900 EUR
Events Manager Media / Broadcasting / Arts / Entertainment 45,620 EUR
Graphic Designer Media / Broadcasting / Arts / Entertainment 30,700 EUR
Illustrator Media / Broadcasting / Arts / Entertainment 35,000 EUR
Industrial Designer Media / Broadcasting / Arts / Entertainment 31,960 EUR
Instructional Designer Media / Broadcasting / Arts / Entertainment 32,020 EUR
Journalist Media / Broadcasting / Arts / Entertainment 56,640 EUR
Makeup Artist Media / Broadcasting / Arts / Entertainment 35,500 EUR
Media Design Manager Media / Broadcasting / Arts / Entertainment 80,340 EUR
Media Equipment Operator Media / Broadcasting / Arts / Entertainment 28,820 EUR
Media Operations Manager Media / Broadcasting / Arts / Entertainment 60,460 EUR
Media Planner Media / Broadcasting / Arts / Entertainment 43,800 EUR
Media Producer Media / Broadcasting / Arts / Entertainment 55,820 EUR
Media Product Development Manager Media / Broadcasting / Arts / Entertainment 79,240 EUR
Media Production Manager Media / Broadcasting / Arts / Entertainment 71,400 EUR
Media Program Director Media / Broadcasting / Arts / Entertainment 87,020 EUR
Media Relation Executive Media / Broadcasting / Arts / Entertainment 82,480 EUR
Media Relations Manager Media / Broadcasting / Arts / Entertainment 83,300 EUR
Media Sales Manager Media / Broadcasting / Arts / Entertainment 82,520 EUR
Movement and Dance Coordinator Media / Broadcasting / Arts / Entertainment 50,020 EUR
Multimedia Coordinator Media / Broadcasting / Arts / Entertainment 32,900 EUR
Multimedia Designer Media / Broadcasting / Arts / Entertainment 33,520 EUR
Music Consultant Media / Broadcasting / Arts / Entertainment 46,720 EUR
Musician Media / Broadcasting / Arts / Entertainment 34,360 EUR
News Associate Media / Broadcasting / Arts / Entertainment 43,520 EUR
News Reporter Media / Broadcasting / Arts / Entertainment 54,460 EUR
Post Production Assistant Media / Broadcasting / Arts / Entertainment 29,320 EUR
Producer Media / Broadcasting / Arts / Entertainment 73,880 EUR
Product Designer Media / Broadcasting / Arts / Entertainment 33,120 EUR
Product Planner Media / Broadcasting / Arts / Entertainment 44,300 EUR
Production Artist Media / Broadcasting / Arts / Entertainment 41,820 EUR
Production Assistant Media / Broadcasting / Arts / Entertainment 31,540 EUR
Production Director Media / Broadcasting / Arts / Entertainment 65,080 EUR
Production Technician Media / Broadcasting / Arts / Entertainment 29,540 EUR
Program Researcher Media / Broadcasting / Arts / Entertainment 52,460 EUR
Promotion Coordinator Media / Broadcasting / Arts / Entertainment 38,700 EUR
Sound Engineer Media / Broadcasting / Arts / Entertainment 41,180 EUR
Sound Engineering Technician Media / Broadcasting / Arts / Entertainment 24,860 EUR
Stage Technician Media / Broadcasting / Arts / Entertainment 26,500 EUR
Sub Editor Media / Broadcasting / Arts / Entertainment 30,220 EUR
Television Executive Producer Media / Broadcasting / Arts / Entertainment 84,740 EUR
Transmission Engineer Media / Broadcasting / Arts / Entertainment 44,800 EUR
Video Editor Media / Broadcasting / Arts / Entertainment 36,700 EUR
Video Producer Media / Broadcasting / Arts / Entertainment 49,360 EUR
Videographer Media / Broadcasting / Arts / Entertainment 45,580 EUR
Visual Designer Media / Broadcasting / Arts / Entertainment 41,820 EUR

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