Average Production Executive Salary in Monaco for 2024

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

A Production Executive working in Monaco will typically earn around 75,220 EUR per year, and this can range from the lowest average salary of about 35,000 EUR to the highest average salary of 115,940 EUR.

Average Annual Salary
75,220 EUR
Average Monthly Salary
6,268 EUR

Lowest Annual Salary
35,000 EUR
Lowest Monthly Salary
2,916 EUR

Highest Annual Salary
115,940 EUR
Highest Monthly Salary
9,661 EUR

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

Production Executive 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 Production Executive Salaries in Monaco

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

Salary ranges

We already know that a Production Executive can earn between 35,000 EUR and 115,940 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 Production Executive in Monaco is 77,120 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 77,120 EUR, and 50% of the population earn more than 77,120 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 Production Executive salary in Monaco, 25% of the population are earning less than 50,660 EUR while 75% of the population earn more than 50,660 EUR.

75% of the population earn less than 102,380 EUR, and 25% of the population earn more than 102,380 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.

Production Executive 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 production executive 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 Production Executive in Monaco that has less than two years of experience can expect to earn somewhere in the region of 42,320 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Production Executive salary would increase to 61,460 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Production Executive, the average salary would be 77,100 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 96,500 EUR.
  • 15 - 20 Years Experience. A Production Executive with 15 to 20 years of experience can earn an average of 101,120 EUR.
  • 20+ Years Experience. For a Production Executive with more than 20 years, the expected average salary increases to 112,660 EUR.

Average Salary by Experience Chart

0-2 Years
42,320 EUR
2-5 Years +42%
61,460 EUR
5-10 Years +31%
77,100 EUR
10-15 Years +23%
96,500 EUR
15-20 Years +6%
101,120 EUR
20+ Years +10%
112,660 EUR

Production Executive 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 Production Executive 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 Production Executive in Monaco with a high school education can earn an average salary of 50,540 EUR.

  • Certificate or Diploma. A Production Executive in Monaco with a certificate or diploma education can earn an average salary of 58,800 EUR.

  • Bachelor's Degree. A Production Executive in Monaco with a bachelor's degree education can earn an average salary of 87,040 EUR.

  • Master's Degree. A Production Executive in Monaco with a master's degree education can earn an average salary of 110,340 EUR.

Average Salary by Education Chart

High School
50,540 EUR
Certificate or Diploma +16%
58,800 EUR
Bachelor's Degree +46%
87,040 EUR
Master's Degree +23%
110,340 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.

Production Executive 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 production executive will earn an average of 79,240 EUR, while a female production executive will earn around 72,260 EUR.

This means that a male production executive earns approximately 10% more than a female production executive for performing the same job.

Average Salary by Gender Chart in Monaco

Male
79,240 EUR
Female -10%
72,260 EUR

Production Executive 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 Production Executive in Monaco is around 10% 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 = ( 10 ÷ 27 ) × 12  = 4%

What this means is that a Production Executive 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%

Production Executive 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 Production Executive is a moderate bonus based job, with 66% of employees reporting at least one bonus in the last 12 months.

34% 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
66%
No Bonus
34%

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 Production Executive

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

Job Title Category Salary
Account Coordinator Executive and Management 45,600 EUR
Account Director Executive and Management 55,220 EUR
Account Executive Executive and Management 55,320 EUR
Account Manager Executive and Management 54,460 EUR
Administration Manager Executive and Management 57,320 EUR
Administration Officer Executive and Management 30,220 EUR
Administration Supervisor Executive and Management 47,400 EUR
Administrative Clerk Executive and Management 25,680 EUR
Administrative Officer Executive and Management 27,040 EUR
Area Director Executive and Management 55,140 EUR
Area Manager Executive and Management 53,600 EUR
Asset Protection Associate Executive and Management 62,460 EUR
Assistant Director Executive and Management 54,280 EUR
Assistant General Manager Executive and Management 62,060 EUR
Assistant Manager Executive and Management 58,000 EUR
Assistant Managing Director Executive and Management 71,660 EUR
Assistant Operations Manager Executive and Management 67,560 EUR
Assistant Project Manager Executive and Management 61,400 EUR
Assistant Section Head Executive and Management 48,760 EUR
Assistant to CEO Executive and Management 59,380 EUR
Assistant Vice President Executive and Management 63,040 EUR
Associate Account Director Executive and Management 56,460 EUR
Associate Director Executive and Management 58,520 EUR
Bid Manager Executive and Management 67,800 EUR
Branch Manager Executive and Management 64,300 EUR
Business Development Manager Executive and Management 68,580 EUR
Business Operations Associate Executive and Management 56,460 EUR
Business Operations Lead Executive and Management 60,880 EUR
Campaign Manager Executive and Management 64,620 EUR
Catering Coordinator Executive and Management 39,960 EUR
Catering Manager Executive and Management 60,880 EUR
CEO Executive and Management 113,840 EUR
Chairman of The Board Executive and Management 104,900 EUR
Chairman Office Manager Executive and Management 74,540 EUR
Chief Commercial Officer Executive and Management 80,760 EUR
Chief Corporate Officer Executive and Management 88,020 EUR
Chief Executive Officer Executive and Management 113,220 EUR
Chief Financial Officer Executive and Management 102,020 EUR
Chief Investment Officer Executive and Management 80,840 EUR
Chief of Staff Executive and Management 54,500 EUR
Chief Operating Officer Executive and Management 82,480 EUR
Chief Risk Officer Executive and Management 72,700 EUR
Client Account Manager Executive and Management 71,700 EUR
Client Accounts Officer Executive and Management 57,320 EUR
Client Services Manager Executive and Management 69,040 EUR
Commercial Director Executive and Management 77,620 EUR
Commercial Manager Executive and Management 67,560 EUR
Commercial Project Manager Executive and Management 59,660 EUR
Commodity Broker Executive and Management 47,580 EUR
COO Executive and Management 80,540 EUR
Corporate Affairs Executive Executive and Management 65,920 EUR
Corporate Compliance Director Executive and Management 74,060 EUR
Corporate Director Executive and Management 73,820 EUR
Corporate Officer Executive and Management 52,460 EUR
Corporate Partnerships Officer Executive and Management 50,620 EUR
Country Manager Executive and Management 85,940 EUR
Department Head Executive and Management 69,180 EUR
Department Manager Executive and Management 64,620 EUR
Department Supervisor Executive and Management 58,720 EUR
Deputy Director Executive and Management 77,340 EUR
Deputy Manager Executive and Management 78,400 EUR
Director Executive and Management 84,580 EUR
Director of Accreditation Executive and Management 75,980 EUR
Director of Catering Services Executive and Management 64,920 EUR
Director of Client Services Executive and Management 68,320 EUR
Director of Facilities Management Executive and Management 61,580 EUR
Director of Operations Executive and Management 75,980 EUR
Director of Process Simplification Executive and Management 60,480 EUR
Director of Product Management Executive and Management 72,540 EUR
Director of Project Management Executive and Management 76,440 EUR
Director of Revenue Management Executive and Management 69,540 EUR
Director of Training and Development Executive and Management 70,600 EUR
Distribution Manager Executive and Management 78,120 EUR
Division Manager Executive and Management 68,360 EUR
Duty Manager Executive and Management 64,620 EUR
Engagement Manager Executive and Management 76,540 EUR
Executive Director Executive and Management 105,940 EUR
Executive Manager Executive and Management 89,120 EUR
Franchise Manager Executive and Management 89,460 EUR
General Manager Executive and Management 87,640 EUR
Global Master Data Manager Executive and Management 79,280 EUR
Global Technical Lead Executive and Management 53,160 EUR
Head of Investment Executive and Management 76,280 EUR
Head of Middle Office Executive and Management 68,580 EUR
Head of Projects Executive and Management 72,740 EUR
Head of Strategy Executive and Management 80,500 EUR
Head of Supply Chain Executive and Management 69,260 EUR
Head of Sustainability Executive and Management 60,840 EUR
Housing Manager Executive and Management 61,580 EUR
HSE Manager Executive and Management 62,420 EUR
Key Account Manager Executive and Management 60,880 EUR
Knowledge Manager Executive and Management 66,840 EUR
Location Manager Executive and Management 68,060 EUR
Logistics Executive Executive and Management 61,460 EUR
Logistics Manager Executive and Management 60,920 EUR
Management Consultant Executive and Management 59,000 EUR
Management Executive Executive and Management 78,400 EUR
Manager Executive and Management 78,160 EUR
Managing Director Executive and Management 90,900 EUR
MIS Executive Executive and Management 75,260 EUR
Ocean Services Manager Executive and Management 76,280 EUR
Operational Manager Executive and Management 73,820 EUR
Operations Analyst Executive and Management 64,040 EUR
Operations Assistant Executive and Management 55,820 EUR
Operations Director Executive and Management 82,200 EUR
Operations Executive Executive and Management 78,620 EUR
Operations Manager Executive and Management 80,480 EUR
Operations Supervisor Executive and Management 73,260 EUR
Planning Director Executive and Management 77,060 EUR
PMO Manager Executive and Management 70,840 EUR
Policy Administration Executive Executive and Management 65,760 EUR
Private Sector Executive Executive and Management 68,060 EUR
Product Development Manager Executive and Management 72,260 EUR
Product Executive Executive and Management 66,180 EUR
Production Manager Executive and Management 78,160 EUR
Production Supervisor Executive and Management 66,820 EUR
Program Director Executive and Management 79,000 EUR
Program Manager Executive and Management 77,860 EUR
Programme Coordinator Executive and Management 51,900 EUR
Project Control Manager Executive and Management 80,020 EUR
Project Coordinator Executive and Management 47,580 EUR
Project Management Officer Executive and Management 52,820 EUR
Project Manager Executive and Management 57,860 EUR
Project Portfolio Manager Executive and Management 61,620 EUR
Quality Manager Executive and Management 61,400 EUR
R/D Director Executive and Management 70,940 EUR
Regional Director Executive and Management 105,080 EUR
Regional Manager Executive and Management 79,240 EUR
Relationship Manager Executive and Management 72,120 EUR
Retail District Manager Executive and Management 53,660 EUR
Revenue Manager Executive and Management 61,400 EUR
Risk and Capital Manager Executive and Management 84,180 EUR
Risk Officer Executive and Management 55,940 EUR
Safety Manager Executive and Management 56,640 EUR
Section Head Executive and Management 60,180 EUR
Service Manager Executive and Management 63,380 EUR
Shift Supervisor Executive and Management 48,560 EUR
Solutions Manager Executive and Management 53,120 EUR
Supervisor Executive and Management 47,580 EUR
Supply Chain Manager Executive and Management 79,120 EUR
Surveyor Executive and Management 52,300 EUR
Technical Director Executive and Management 69,060 EUR
Technical Manager Executive and Management 71,400 EUR
Territory Manager Executive and Management 73,120 EUR
Validation Manager Executive and Management 60,840 EUR
Vice President Executive and Management 86,460 EUR
Zone Manager Executive and Management 78,420 EUR

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