Average Commercial Real Estate Manager Salary in Andorra for 2024

In this article, we will look at the average Commercial Real Estate Manager salary for 2024 in Andorra 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 Commercial Real Estate Manager Make in Andorra?

A Commercial Real Estate Manager working in Andorra will typically earn around 87,520 EUR per year, and this can range from the lowest average salary of about 38,340 EUR to the highest average salary of 139,100 EUR.

Average Annual Salary
87,520 EUR
Average Monthly Salary
7,293 EUR

Lowest Annual Salary
38,340 EUR
Lowest Monthly Salary
3,195 EUR

Highest Annual Salary
139,100 EUR
Highest Monthly Salary
11,591 EUR

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

Commercial Real Estate 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 Commercial Real Estate Manager Salaries in Andorra

So we've looked at the average salaries a Commercial Real Estate Manager will earn in Andorra. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Commercial Real Estate Manager can earn between 38,340 EUR and 139,100 EUR on average in Andorra. 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 Commercial Real Estate Manager in Andorra is 93,780 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 93,780 EUR, and 50% of the population earn more than 93,780 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 Commercial Real Estate Manager salary in Andorra, 25% of the population are earning less than 61,400 EUR while 75% of the population earn more than 61,400 EUR.

75% of the population earn less than 124,400 EUR, and 25% of the population earn more than 124,400 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.

Commercial Real Estate Manager Salary by Experience Level in Andorra

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 commercial real estate 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. A Commercial Real Estate Manager in Andorra that has less than two years of experience can expect to earn somewhere in the region of 46,840 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Commercial Real Estate Manager salary would increase to 59,660 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Commercial Real Estate Manager, the average salary would be 88,480 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 110,340 EUR.
  • 15 - 20 Years Experience. A Commercial Real Estate Manager with 15 to 20 years of experience can earn an average of 118,060 EUR.
  • 20+ Years Experience. For a Commercial Real Estate Manager with more than 20 years, the expected average salary increases to 129,000 EUR.

Average Salary by Experience Chart

0-2 Years
46,840 EUR
2-5 Years +34%
59,660 EUR
5-10 Years +48%
88,480 EUR
10-15 Years +22%
110,340 EUR
15-20 Years +9%
118,060 EUR
20+ Years +8%
129,000 EUR

Commercial Real Estate Manager Salary by Education Level in Andorra

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 Commercial Real Estate Manager in Andorra 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 Commercial Real Estate Manager in Andorra with a high school education can earn an average salary of 56,140 EUR.

  • Certificate or Diploma. A Commercial Real Estate Manager in Andorra with a certificate or diploma education can earn an average salary of 66,580 EUR.

  • Bachelor's Degree. A Commercial Real Estate Manager in Andorra with a bachelor's degree education can earn an average salary of 95,860 EUR.

  • Master's Degree. A Commercial Real Estate Manager in Andorra with a master's degree education can earn an average salary of 125,100 EUR.

Average Salary by Education Chart

High School
56,140 EUR
Certificate or Diploma +18%
66,580 EUR
Bachelor's Degree +45%
95,860 EUR
Master's Degree +31%
125,100 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 Andorra is around 19,200 to 57,600 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.

Commercial Real Estate 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 Andorra, a male commercial real estate manager will earn an average of 94,900 EUR, while a female commercial real estate manager will earn around 79,260 EUR.

This means that a male commercial real estate manager earns approximately 20% more than a female commercial real estate manager for performing the same job.

Average Salary by Gender Chart in Andorra

Male
94,900 EUR
Female -20%
79,260 EUR

Commercial Real Estate Manager Average Pay Raise in Andorra

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 Commercial Real Estate Manager in Andorra is around 9% every 30 months.

The national average pay raise across all professions and industries in Andorra 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 = ( 9 ÷ 30 ) × 12  = 4%

What this means is that a Commercial Real Estate Manager in Andorra can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Andorra for 2024

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

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

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

Commercial Real Estate Manager Bonus and Incentive Rates in Andorra

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 Commercial Real Estate Manager is a moderate bonus based job, with 68% of employees reporting at least one bonus in the last 12 months.

32% 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 5% to 9%.

Received Bonus
68%
No Bonus
32%

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 Andorra earn approximately 14% more than private sector employees in the same role.

Public Sector
49,360 EUR
Private Sector -14%
43,360 EUR

Salaries for Jobs Similar to a Commercial Real Estate Manager

In the table below, we have salary information for jobs that are similar to a Commercial Real Estate Manager in Andorra.

Job Title Category Salary
Acquisition Associate Real Estate 41,980 EUR
Assistant Leasing Manager Real Estate 51,340 EUR
Assistant Property Manager Real Estate 50,520 EUR
Brokerage Real Estate 39,560 EUR
Brokerage Clerk Real Estate 19,060 EUR
Commercial Leasing Manager Real Estate 81,880 EUR
Community Development Manager Real Estate 77,620 EUR
Compliance Specialist Real Estate 41,700 EUR
Development Coordinator Real Estate 41,660 EUR
Director of Real Estate Real Estate 86,760 EUR
Lease Administrator Real Estate 49,360 EUR
Leasing Agent Real Estate 43,080 EUR
Leasing Consultant Real Estate 49,020 EUR
Leasing Manager Real Estate 53,660 EUR
Lettings Assistant Real Estate 21,560 EUR
Portfolio Analyst Real Estate 65,760 EUR
Portfolio Manager Real Estate 88,480 EUR
Property Acquisition Agent Real Estate 36,020 EUR
Property and Claims Specialist Real Estate 47,760 EUR
Property Manager Real Estate 56,460 EUR
Property Operations Manager Real Estate 79,000 EUR
Property Tax Assistant Real Estate 36,720 EUR
Real Estate Administrator Real Estate 41,480 EUR
Real Estate Agent Real Estate 41,700 EUR
Real Estate Analyst Real Estate 54,700 EUR
Real Estate Appraiser Real Estate 43,080 EUR
Real Estate Appraiser Real Estate 43,260 EUR
Real Estate Appraiser Real Estate 44,800 EUR
Real Estate Assistant Real Estate 41,660 EUR
Real Estate Association Manager Real Estate 56,100 EUR
Real Estate Broker Real Estate 38,060 EUR
Real Estate General Manager Real Estate 80,840 EUR
Real Estate Project Director Real Estate 81,880 EUR
Real Estate Project Manager Real Estate 70,700 EUR
Real Estate Sales Agent Real Estate 44,300 EUR
Real Estate Valuer Real Estate 43,340 EUR
Research Analyst Real Estate 36,700 EUR
Residential Advisor Real Estate 47,760 EUR
Residential Property Manager Real Estate 57,360 EUR
Shopping Center Manager Real Estate 88,020 EUR
Town Planner Real Estate 86,420 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 Commercial Real Estate Manager Salary in Andorra for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-commercial-real-estate-manager-salary-in-andorra/.

  • "Average Commercial Real Estate Manager Salary in Andorra for 2024". World Salaries, https://worldsalaries.com/average-commercial-real-estate-manager-salary-in-andorra/. Accessed 28 March, 2024

  • Average Commercial Real Estate Manager Salary in Andorra for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-commercial-real-estate-manager-salary-in-andorra/.