Average Media Relations Representative Salary in Monaco for 2024

In this article, we will look at the average Media Relations Representative 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 Media Relations Representative Make in Monaco?

A Media Relations Representative working in Monaco will typically earn around 54,280 EUR per year, and this can range from the lowest average salary of about 25,160 EUR to the highest average salary of 87,060 EUR.

Average Annual Salary
54,280 EUR
Average Monthly Salary
4,523 EUR

Lowest Annual Salary
25,160 EUR
Lowest Monthly Salary
2,096 EUR

Highest Annual Salary
87,060 EUR
Highest Monthly Salary
7,255 EUR

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

Media Relations Representative 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 Media Relations Representative Salaries in Monaco

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

Salary ranges

We already know that a Media Relations Representative can earn between 25,160 EUR and 87,060 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 Media Relations Representative in Monaco is 57,440 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 57,440 EUR, and 50% of the population earn more than 57,440 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 Media Relations Representative salary in Monaco, 25% of the population are earning less than 38,680 EUR while 75% of the population earn more than 38,680 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.

Media Relations Representative 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 media relations representative 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 Media Relations Representative in Monaco that has less than two years of experience can expect to earn somewhere in the region of 29,640 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Media Relations Representative salary would increase to 40,640 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Media Relations Representative, the average salary would be 57,860 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 70,840 EUR.
  • 15 - 20 Years Experience. A Media Relations Representative with 15 to 20 years of experience can earn an average of 74,300 EUR.
  • 20+ Years Experience. For a Media Relations Representative with more than 20 years, the expected average salary increases to 83,140 EUR.

Average Salary by Experience Chart

0-2 Years
29,640 EUR
2-5 Years +38%
40,640 EUR
5-10 Years +42%
57,860 EUR
10-15 Years +22%
70,840 EUR
15-20 Years +6%
74,300 EUR
20+ Years +9%
83,140 EUR

Media Relations Representative 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 Media Relations Representative 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 Media Relations Representative in Monaco with a high school education can earn an average salary of 35,420 EUR.

  • Certificate or Diploma. A Media Relations Representative in Monaco with a certificate or diploma education can earn an average salary of 44,140 EUR.

  • Bachelor's Degree. A Media Relations Representative in Monaco with a bachelor's degree education can earn an average salary of 64,040 EUR.

  • Master's Degree. A Media Relations Representative in Monaco with a master's degree education can earn an average salary of 83,140 EUR.

Average Salary by Education Chart

High School
35,420 EUR
Certificate or Diploma +17%
44,140 EUR
Bachelor's Degree +46%
64,040 EUR
Master's Degree +31%
83,140 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.

Media Relations Representative 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 media relations representative will earn an average of 50,540 EUR, while a female media relations representative will earn around 59,940 EUR.

This means that a male media relations representative earns approximately 16% less than a female media relations representative for performing the same job.

Average Salary by Gender Chart in Monaco

Male
50,540 EUR
Female +16%
59,940 EUR

Media Relations Representative 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 Media Relations Representative in Monaco is around 8% 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 = ( 8 ÷ 29 ) × 12  = 3%

What this means is that a Media Relations Representative 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%

Media Relations Representative 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 Media Relations Representative is a low bonus based job, with 41% of employees reporting at least one bonus in the last 12 months.

59% 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 2% to 7%.

Received Bonus
41%
No Bonus
59%

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 Media Relations Representative

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

Job Title Category Salary
Advertising Account Executive Advertising / Graphic Design / Events 57,320 EUR
Advertising Account Manager Advertising / Graphic Design / Events 60,600 EUR
Advertising Account Planner Advertising / Graphic Design / Events 31,340 EUR
Advertising and Promotions Manager Advertising / Graphic Design / Events 83,400 EUR
Advertising Coordinator Advertising / Graphic Design / Events 41,480 EUR
Advertising Manager Advertising / Graphic Design / Events 80,180 EUR
Advertising Operations Manager Advertising / Graphic Design / Events 82,520 EUR
Advertising Sales Director Advertising / Graphic Design / Events 86,800 EUR
Advertising Strategic Planner Advertising / Graphic Design / Events 55,020 EUR
Advertising Team Leader Advertising / Graphic Design / Events 50,240 EUR
Animator Advertising / Graphic Design / Events 36,800 EUR
Art Director Advertising / Graphic Design / Events 50,520 EUR
Art Manager Advertising / Graphic Design / Events 51,080 EUR
Artist Advertising / Graphic Design / Events 45,600 EUR
Artworker Advertising / Graphic Design / Events 31,960 EUR
Assistant Art Director Advertising / Graphic Design / Events 39,960 EUR
Audio and Video Equipment Technician Advertising / Graphic Design / Events 32,960 EUR
Audio Engineer Advertising / Graphic Design / Events 38,260 EUR
Audiosual Technician Advertising / Graphic Design / Events 30,220 EUR
Broadcast Administrator Advertising / Graphic Design / Events 52,880 EUR
Catering Sales Advertising / Graphic Design / Events 34,240 EUR
Catering Trainer Advertising / Graphic Design / Events 38,700 EUR
Commercial and Industrial Designer Advertising / Graphic Design / Events 31,180 EUR
Conference Organiser Advertising / Graphic Design / Events 36,720 EUR
Content and Media Production Lead Advertising / Graphic Design / Events 55,020 EUR
CopyWriter Advertising / Graphic Design / Events 33,520 EUR
Creative Designer Advertising / Graphic Design / Events 40,240 EUR
Creative Director Advertising / Graphic Design / Events 50,980 EUR
Designer Advertising / Graphic Design / Events 30,220 EUR
Desktop Publisher Advertising / Graphic Design / Events 25,680 EUR
Digital Campaign Manager Advertising / Graphic Design / Events 53,860 EUR
Digital Media Manager Advertising / Graphic Design / Events 57,440 EUR
Digital Media Strategist Advertising / Graphic Design / Events 61,840 EUR
Director of Events Advertising / Graphic Design / Events 85,460 EUR
Director of Graphic Design Advertising / Graphic Design / Events 47,540 EUR
Director of Social Media Marketing Advertising / Graphic Design / Events 66,140 EUR
Events and Promotions Manager Advertising / Graphic Design / Events 77,860 EUR
Events Director Advertising / Graphic Design / Events 80,500 EUR
Exhibit Designer Advertising / Graphic Design / Events 39,560 EUR
Exhibit Display Coordinator Advertising / Graphic Design / Events 42,460 EUR
Exhibit Display Manager Advertising / Graphic Design / Events 50,340 EUR
Finisher Advertising / Graphic Design / Events 27,020 EUR
Graphic Artist Advertising / Graphic Design / Events 31,980 EUR
Graphic Design Specialist Advertising / Graphic Design / Events 40,560 EUR
Graphic Designer Advertising / Graphic Design / Events 34,480 EUR
Graphics Artist Advertising / Graphic Design / Events 35,300 EUR
Graphics Design Supervisor Advertising / Graphic Design / Events 46,840 EUR
Group Creative Director Advertising / Graphic Design / Events 56,880 EUR
Imagery Analyst Advertising / Graphic Design / Events 31,940 EUR
Imaging Technologist Advertising / Graphic Design / Events 32,960 EUR
Interaction Designer Advertising / Graphic Design / Events 30,840 EUR
Media Analyst Advertising / Graphic Design / Events 42,040 EUR
Media Executive Advertising / Graphic Design / Events 54,460 EUR
Media Planner Advertising / Graphic Design / Events 42,320 EUR
Media Production Coordinator Advertising / Graphic Design / Events 41,700 EUR
Media Production Manager Advertising / Graphic Design / Events 64,200 EUR
Media Project Manager Advertising / Graphic Design / Events 67,120 EUR
Media Sales Executive Advertising / Graphic Design / Events 65,940 EUR
Meeting and Event Planner Advertising / Graphic Design / Events 36,020 EUR
Multimedia Artist Advertising / Graphic Design / Events 35,340 EUR
Multimedia Specialist Advertising / Graphic Design / Events 32,960 EUR
Photographer Advertising / Graphic Design / Events 30,700 EUR
PPC Campaign Manager Advertising / Graphic Design / Events 53,860 EUR
Print Production Manager Advertising / Graphic Design / Events 59,240 EUR
Product and Brand Manager Advertising / Graphic Design / Events 78,420 EUR
Sales Promotion Manager Advertising / Graphic Design / Events 77,340 EUR
Search Engine Optimization Specialist (SEO) Advertising / Graphic Design / Events 35,420 EUR
Sketch Artist Advertising / Graphic Design / Events 39,960 EUR
Social Media Executive Advertising / Graphic Design / Events 63,400 EUR
Social Media Manager Advertising / Graphic Design / Events 60,880 EUR
Social Media Marketing Manager Advertising / Graphic Design / Events 60,460 EUR
Social Media Strategist Advertising / Graphic Design / Events 65,080 EUR
Special Events Supervisor Advertising / Graphic Design / Events 50,580 EUR
Technical Typist Advertising / Graphic Design / Events 26,020 EUR
User Experience UX Designer Advertising / Graphic Design / Events 35,260 EUR
UX Designer Advertising / Graphic Design / Events 31,380 EUR

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