Average Professor - Economics Salary in Netherlands for 2024

In this article, we will look at the average Professor - Economics salary for 2024 in Netherlands 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 Professor - Economics Make in Netherlands?

A Professor - Economics working in Netherlands will typically earn around 93,140 EUR per year, and this can range from the lowest average salary of about 47,580 EUR to the highest average salary of 138,800 EUR.

Average Annual Salary
93,140 EUR
Average Monthly Salary
7,761 EUR

Lowest Annual Salary
47,580 EUR
Lowest Monthly Salary
3,965 EUR

Highest Annual Salary
138,800 EUR
Highest Monthly Salary
11,566 EUR

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

Professor - Economics 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 Professor - Economics Salaries in Netherlands

So we've looked at the average salaries a Professor - Economics will earn in Netherlands. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Professor - Economics can earn between 47,580 EUR and 138,800 EUR on average in Netherlands. 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 Professor - Economics in Netherlands is 89,120 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 89,120 EUR, and 50% of the population earn more than 89,120 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 Professor - Economics salary in Netherlands, 25% of the population are earning less than 60,920 EUR while 75% of the population earn more than 60,920 EUR.

75% of the population earn less than 109,520 EUR, and 25% of the population earn more than 109,520 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.

Professor - Economics Salary by Experience Level in Netherlands

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 professor - economics 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 Professor - Economics in Netherlands that has less than two years of experience can expect to earn somewhere in the region of 53,160 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Professor - Economics salary would increase to 72,260 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Professor - Economics, the average salary would be 93,600 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 115,520 EUR.
  • 15 - 20 Years Experience. A Professor - Economics with 15 to 20 years of experience can earn an average of 127,700 EUR.
  • 20+ Years Experience. For a Professor - Economics with more than 20 years, the expected average salary increases to 130,400 EUR.

Average Salary by Experience Chart

0-2 Years
53,160 EUR
2-5 Years +34%
72,260 EUR
5-10 Years +30%
93,600 EUR
10-15 Years +21%
115,520 EUR
15-20 Years +9%
127,700 EUR
20+ Years +5%
130,400 EUR

Professor - Economics Salary by Education Level in Netherlands

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 Professor - Economics in Netherlands based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Master's Degree. A Professor - Economics in Netherlands with a master's degree education can earn an average salary of 61,180 EUR.

  • PhD. A Professor - Economics in Netherlands with a phd education can earn an average salary of 105,440 EUR.

Average Salary by Education Chart

Master's Degree
61,180 EUR
PhD +78%
105,440 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 Netherlands is around 24,400 to 73,300 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.

Professor - Economics 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 Netherlands, a male professor - economics will earn an average of 94,900 EUR, while a female professor - economics will earn around 90,900 EUR.

This means that a male professor - economics earns approximately 4% more than a female professor - economics for performing the same job.

Average Salary by Gender Chart in Netherlands

Male
94,900 EUR
Female -4%
90,900 EUR

Professor - Economics Average Pay Raise in Netherlands

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 Professor - Economics in Netherlands is around 12% every 17 months.

The national average pay raise across all professions and industries in Netherlands is around 9% every 15 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 = ( 12 ÷ 17 ) × 12  = 8%

What this means is that a Professor - Economics in Netherlands can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Netherlands for 2024

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

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

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Professor - Economics Bonus and Incentive Rates in Netherlands

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 Professor - Economics is a moderate bonus based job, with 56% of employees reporting at least one bonus in the last 12 months.

44% 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 5%.

Received Bonus
56%
No Bonus
44%

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 Netherlands earn approximately 4% more than private sector employees in the same role.

Public Sector
58,720 EUR
Private Sector -4%
56,640 EUR

Salaries for Jobs Similar to a Professor - Economics

In the table below, we have salary information for jobs that are similar to a Professor - Economics in Netherlands.

Job Title Category Salary
Academic Advisor Teaching / Education 60,180 EUR
Academic Assistant Teaching / Education 47,760 EUR
Academic Coach Teaching / Education 64,300 EUR
Academic Librarian Teaching / Education 43,800 EUR
Academic Manager Teaching / Education 67,900 EUR
Academic Specialist Teaching / Education 54,180 EUR
Academic Staff Teaching / Education 44,540 EUR
Accompanist Teaching / Education 50,980 EUR
Achievement Coach Teaching / Education 62,100 EUR
Admissions Specialist Teaching / Education 51,800 EUR
Agricultural Sciences Teacher Teaching / Education 43,760 EUR
Anthropology Teacher Teaching / Education 50,520 EUR
Arabic Language Teacher Teaching / Education 45,560 EUR
Archeology Teacher Teaching / Education 53,600 EUR
Architecture Teacher Teaching / Education 52,300 EUR
Archivist Teaching / Education 42,040 EUR
Art Teacher Teaching / Education 42,960 EUR
Assistant School Principal Teaching / Education 61,780 EUR
Assistant Teacher Teaching / Education 45,060 EUR
Biochemistry Professor Teaching / Education 85,020 EUR
Biology Teacher Teaching / Education 53,120 EUR
Bursary Scheme Manager Teaching / Education 57,320 EUR
Business Teacher Teaching / Education 49,820 EUR
Careers Advisor Teaching / Education 63,380 EUR
Careers Consultant Teaching / Education 59,240 EUR
Chemistry Teacher Teaching / Education 45,260 EUR
Child Care Coordinator Teaching / Education 50,520 EUR
Child Care Worker Teaching / Education 38,620 EUR
Childcare Worker Teaching / Education 39,080 EUR
Classroom Assistant Teaching / Education 40,240 EUR
Clinical School Psychologist Teaching / Education 72,380 EUR
College Aide Teaching / Education 61,400 EUR
College and Career Readiness Specialist Teaching / Education 66,140 EUR
College Dean Teaching / Education 116,180 EUR
College President Teaching / Education 106,160 EUR
Communications Teacher Teaching / Education 49,820 EUR
Community Education Officer Teaching / Education 45,060 EUR
Computer Science Teacher Teaching / Education 46,400 EUR
Computer Teacher Teaching / Education 48,820 EUR
Creative Writing Trainer Teaching / Education 54,500 EUR
Credit Counselor Teaching / Education 61,400 EUR
Cultural Studies Teacher Teaching / Education 47,180 EUR
Curriculum Coordinator Teaching / Education 57,440 EUR
Curriculum Developer Teaching / Education 64,640 EUR
Curriculum Specialist Teaching / Education 64,300 EUR
Dean of Faculty Teaching / Education 106,500 EUR
Demonstrator Teaching / Education 46,840 EUR
Deputy Controller of Examinations Teaching / Education 60,020 EUR
Director of Learning Technology Teaching / Education 65,920 EUR
Distance Learning Coordinator Teaching / Education 51,800 EUR
Economics Lecturer Teaching / Education 77,860 EUR
Economics Teacher Teaching / Education 48,760 EUR
Education Administrator Teaching / Education 54,460 EUR
Education Assistant Teaching / Education 45,600 EUR
Education Assistant Director Teaching / Education 64,200 EUR
Education Assistant Librarian Teaching / Education 36,700 EUR
Education Assistant Principal Teaching / Education 55,140 EUR
Education Assistant Professor Teaching / Education 72,180 EUR
Education Associate Teaching / Education 46,040 EUR
Education Consultant Teaching / Education 62,420 EUR
Education Consultant Teaching / Education 69,580 EUR
Education Coordinator Teaching / Education 52,380 EUR
Education Counselor Teaching / Education 56,060 EUR
Education Director Teaching / Education 86,740 EUR
Education Program Specialist Teaching / Education 60,480 EUR
Education Researcher Teaching / Education 68,320 EUR
Education Resource Specialist Teaching / Education 50,980 EUR
Education Services Facilitator Teaching / Education 57,320 EUR
Educational Psychologist Teaching / Education 72,420 EUR
EFL Teacher Teaching / Education 49,360 EUR
eLearning Trainer Teaching / Education 45,560 EUR
Elementary School Teacher Teaching / Education 40,560 EUR
Engineering Lecturer Teaching / Education 84,780 EUR
Engineering Teacher Teaching / Education 63,040 EUR
English Teacher Teaching / Education 45,200 EUR
ESL Teacher Teaching / Education 52,540 EUR
Faculty Assistant Teaching / Education 64,040 EUR
Foreign Language Teacher Teaching / Education 44,780 EUR
GED Teacher Teaching / Education 42,320 EUR
Geography Teacher Teaching / Education 44,540 EUR
Head of Mathematics Department Teaching / Education 67,300 EUR
Head of School Teaching / Education 77,860 EUR
High School Teacher Teaching / Education 56,880 EUR
History Teacher Teaching / Education 45,720 EUR
Infant Teacher Teaching / Education 35,260 EUR
Instructional Assistant Teaching / Education 50,340 EUR
Instructor Teaching / Education 50,540 EUR
Kindergarten Teacher Teaching / Education 36,700 EUR
Language Instructor For Expatriate Teaching / Education 41,900 EUR
Law Teacher Teaching / Education 69,540 EUR
Learning Designer Teaching / Education 61,460 EUR
Lecturer Teaching / Education 83,200 EUR
Librarian Teaching / Education 41,900 EUR
Library Assistant Teaching / Education 32,900 EUR
Library Director Teaching / Education 58,280 EUR
Library Specialist Teaching / Education 43,080 EUR
Library Technician Teaching / Education 38,140 EUR
Life Sciences Teacher Teaching / Education 50,580 EUR
Math Lecturer Teaching / Education 88,300 EUR
Math Teacher Teaching / Education 55,320 EUR
Mathematics Teacher Teaching / Education 55,320 EUR
Mentor Teaching / Education 55,580 EUR
Middle School Teacher Teaching / Education 50,980 EUR
Music Teacher Teaching / Education 43,800 EUR
Nursery Manager Teaching / Education 72,740 EUR
Nursery Worker Teaching / Education 31,400 EUR
Paraprofessional Teaching / Education 65,800 EUR
Physical Education Specialist Teaching / Education 50,560 EUR
Physical Education Teacher Teaching / Education 45,600 EUR
Physics Teacher Teaching / Education 48,300 EUR
Political Science Teacher Teaching / Education 51,080 EUR
Post Doctoral Researcher Teaching / Education 76,440 EUR
Preschool Education Administrator Teaching / Education 50,560 EUR
Preschool Teacher Teaching / Education 40,600 EUR
Primary School Teacher Teaching / Education 46,280 EUR
Principal Teaching / Education 72,380 EUR
Product Specialist Teaching / Education 51,340 EUR
Professor - Accounting Teaching / Education 83,420 EUR
Professor - Architecture Teaching / Education 88,600 EUR
Professor - Biology Teaching / Education 80,540 EUR
Professor - Business Administration Teaching / Education 82,520 EUR
Professor - Chemical Engineering Teaching / Education 88,620 EUR
Professor - Chemistry Teaching / Education 90,660 EUR
Professor - Civil Engineering Teaching / Education 80,020 EUR
Professor - Communication Teaching / Education 82,520 EUR
Professor - Computer Science Teaching / Education 85,940 EUR
Professor - Dentistry Teaching / Education 93,100 EUR
Professor - Drama Teaching / Education 83,020 EUR
Professor - Education Teaching / Education 87,000 EUR
Professor - Electrical Engineering Teaching / Education 95,860 EUR
Professor - English Teaching / Education 80,540 EUR
Professor - Environmental Engineering Teaching / Education 93,140 EUR
Professor - Foreign Languages Teaching / Education 81,880 EUR
Professor - Geological Sciences Teaching / Education 89,280 EUR
Professor - History Teaching / Education 87,020 EUR
Professor - Industrial Engineering Teaching / Education 80,020 EUR
Professor - Law Teaching / Education 93,140 EUR
Professor - Legal Support Teaching / Education 77,340 EUR
Professor - Liberal Arts Teaching / Education 85,440 EUR
Professor - Marketing Teaching / Education 84,040 EUR
Professor - Mathematics Teaching / Education 88,480 EUR
Professor - Mechanical Engineering Teaching / Education 93,140 EUR
Professor - Medical Administration Teaching / Education 89,120 EUR
Professor - Medicine Teaching / Education 104,620 EUR
Professor - Music Teaching / Education 77,640 EUR
Professor - Nursing Teaching / Education 81,180 EUR
Professor - Pharmaceutical Sciences Teaching / Education 83,420 EUR
Professor - Philosophy Teaching / Education 88,580 EUR
Professor - Physical Therapy Teaching / Education 88,580 EUR
Professor - Physics Teaching / Education 94,940 EUR
Professor - Psychology Teaching / Education 83,420 EUR
Professor - Rehabilitation Teaching / Education 81,880 EUR
Professor - Social Work Teaching / Education 77,620 EUR
Professor - Sociology Teaching / Education 86,800 EUR
Professor - Special Education Teaching / Education 86,460 EUR
Psychology Teacher Teaching / Education 75,280 EUR
Public Management Assistant Professor Teaching / Education 67,800 EUR
School Counselor Teaching / Education 66,960 EUR
Science Educator Teaching / Education 46,880 EUR
Science Laboratory Assistant Teaching / Education 43,340 EUR
Science Teacher Teaching / Education 46,980 EUR
Secondary Mathematics Teacher Teaching / Education 52,460 EUR
Secondary School Teacher Teaching / Education 48,200 EUR
Special Education Teacher Teaching / Education 49,820 EUR
Special Needs Assistant Teaching / Education 44,300 EUR
Statistics Lecturer Teaching / Education 81,880 EUR
Student Accounts Coordinator Teaching / Education 46,840 EUR
Student Development Specialist Teaching / Education 56,100 EUR
Student Employment Specialist Teaching / Education 56,100 EUR
Student Services Teaching / Education 46,280 EUR
Student Services Coordinator Teaching / Education 42,960 EUR
Student Support Manager Teaching / Education 55,580 EUR
Substitute Teacher Teaching / Education 42,320 EUR
Teacher Teaching / Education 46,160 EUR
Teacher Aide Teaching / Education 38,340 EUR
Teacher Trainer Teaching / Education 57,360 EUR
Teaching Assistant Teaching / Education 39,960 EUR
TEFL Teacher Teaching / Education 50,980 EUR
Training and Development Specialist Teaching / Education 66,020 EUR
Training Coordinator Teaching / Education 41,820 EUR
Tutor Teaching / Education 45,620 EUR
University Teacher Teaching / Education 82,720 EUR
Vocational Education Teacher Teaching / Education 48,140 EUR

Salary Comparison by City

If you want to compare salaries with different cities in Netherlands, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Almere 89,460 EUR
Amsterdam 102,460 EUR
Breda 83,020 EUR
Eindhoven 90,660 EUR
Groningen 80,760 EUR
Nijmegen 80,060 EUR
Rotterdam 92,240 EUR
s-Gravenhage 93,120 EUR
Tilburg 91,520 EUR
Utrecht 92,400 EUR

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