Average Logistics Specialist Salary in Monaco for 2024

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

A Logistics Specialist working in Monaco will typically earn around 37,740 EUR per year, and this can range from the lowest average salary of about 18,280 EUR to the highest average salary of 57,320 EUR.

Average Annual Salary
37,740 EUR
Average Monthly Salary
3,145 EUR

Lowest Annual Salary
18,280 EUR
Lowest Monthly Salary
1,523 EUR

Highest Annual Salary
57,320 EUR
Highest Monthly Salary
4,776 EUR

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

Logistics Specialist 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 Logistics Specialist Salaries in Monaco

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

Salary ranges

We already know that a Logistics Specialist can earn between 18,280 EUR and 57,320 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 Logistics Specialist in Monaco is 36,020 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 36,020 EUR, and 50% of the population earn more than 36,020 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 Logistics Specialist salary in Monaco, 25% of the population are earning less than 25,680 EUR while 75% of the population earn more than 25,680 EUR.

75% of the population earn less than 47,120 EUR, and 25% of the population earn more than 47,120 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.

Logistics Specialist 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 logistics specialist 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 Logistics Specialist in Monaco that has less than two years of experience can expect to earn somewhere in the region of 19,980 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Logistics Specialist salary would increase to 28,660 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Logistics Specialist, the average salary would be 40,420 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 48,140 EUR.
  • 15 - 20 Years Experience. A Logistics Specialist with 15 to 20 years of experience can earn an average of 50,520 EUR.
  • 20+ Years Experience. For a Logistics Specialist with more than 20 years, the expected average salary increases to 56,100 EUR.

Average Salary by Experience Chart

0-2 Years
19,980 EUR
2-5 Years +31%
28,660 EUR
5-10 Years +40%
40,420 EUR
10-15 Years +20%
48,140 EUR
15-20 Years +9%
50,520 EUR
20+ Years +8%
56,100 EUR

Logistics Specialist 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 Logistics Specialist 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 Logistics Specialist in Monaco with a high school education can earn an average salary of 27,380 EUR.

  • Certificate or Diploma. A Logistics Specialist in Monaco with a certificate or diploma education can earn an average salary of 29,320 EUR.

  • Bachelor's Degree. A Logistics Specialist in Monaco with a bachelor's degree education can earn an average salary of 42,320 EUR.

  • Master's Degree. A Logistics Specialist in Monaco with a master's degree education can earn an average salary of 51,900 EUR.

Average Salary by Education Chart

High School
27,380 EUR
Certificate or Diploma +15%
29,320 EUR
Bachelor's Degree +41%
42,320 EUR
Master's Degree +29%
51,900 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.

Logistics Specialist 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 logistics specialist will earn an average of 42,040 EUR, while a female logistics specialist will earn around 35,300 EUR.

This means that a male logistics specialist earns approximately 19% more than a female logistics specialist for performing the same job.

Average Salary by Gender Chart in Monaco

Male
42,040 EUR
Female -19%
35,300 EUR

Logistics Specialist 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 Logistics Specialist in Monaco is around 6% 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 = ( 6 ÷ 30 ) × 12  = 2%

What this means is that a Logistics Specialist 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%

Logistics Specialist 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 Logistics Specialist is a low bonus based job, with 36% of employees reporting at least one bonus in the last 12 months.

64% 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
36%
No Bonus
64%

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 Logistics Specialist

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

Job Title Category Salary
Customs Controller Import and Export 33,520 EUR
Expeditor Import and Export 31,980 EUR
Export Administrator Import and Export 43,340 EUR
Export Controller Import and Export 30,700 EUR
Export Executive Import and Export 46,980 EUR
Export Logistics Manager Import and Export 64,920 EUR
Export Logistics Specialist Import and Export 45,580 EUR
Export Services Manager Import and Export 68,580 EUR
Export Specialist Import and Export 38,680 EUR
Export Supervisor Import and Export 45,260 EUR
Exports Sales Manager Import and Export 73,880 EUR
Freight Forwarder Import and Export 18,280 EUR
Global Forwarding Agent Import and Export 35,000 EUR
Immigration and Customs Inspector Import and Export 26,100 EUR
Import and Export Clerk Import and Export 19,160 EUR
Import and Export Consultant Import and Export 65,760 EUR
Import and Export Manager Import and Export 79,240 EUR
Import and Procurement Manager Import and Export 77,120 EUR
Import Coordinator Import and Export 28,860 EUR
Import Customs Specialist Import and Export 34,280 EUR
Import Logistics Specialist Import and Export 38,060 EUR
Importation Supervisor Import and Export 53,860 EUR
Inspector Import and Export 33,440 EUR
Logistic Executive Import and Export 39,080 EUR
Logistician Import and Export 20,940 EUR
Logistics Administrator Import and Export 43,220 EUR
Logistics Analyst Import and Export 43,080 EUR
Marine Cargo Inspector Import and Export 24,860 EUR
Shipping Officer Import and Export 21,380 EUR

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