Average Real Estate Project Director Salary in Italy for 2024

In this article, we will look at the average Real Estate Project Director salary for 2024 in Italy 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 Real Estate Project Director Make in Italy?

A Real Estate Project Director working in Italy will typically earn around 76,280 EUR per year, and this can range from the lowest average salary of about 41,700 EUR to the highest average salary of 118,800 EUR.

Average Annual Salary
76,280 EUR
Average Monthly Salary
6,356 EUR

Lowest Annual Salary
41,700 EUR
Lowest Monthly Salary
3,475 EUR

Highest Annual Salary
118,800 EUR
Highest Monthly Salary
9,900 EUR

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

Real Estate Project Director 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 Real Estate Project Director Salaries in Italy

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

Salary ranges

We already know that a Real Estate Project Director can earn between 41,700 EUR and 118,800 EUR on average in Italy. 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 Real Estate Project Director in Italy is 73,760 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 73,760 EUR, and 50% of the population earn more than 73,760 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 Real Estate Project Director salary in Italy, 25% of the population are earning less than 52,180 EUR while 75% of the population earn more than 52,180 EUR.

75% of the population earn less than 93,100 EUR, and 25% of the population earn more than 93,100 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.

Real Estate Project Director Salary by Experience Level in Italy

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 real estate project director 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 Real Estate Project Director in Italy that has less than two years of experience can expect to earn somewhere in the region of 43,800 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Real Estate Project Director salary would increase to 60,920 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Real Estate Project Director, the average salary would be 77,860 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 97,060 EUR.
  • 15 - 20 Years Experience. A Real Estate Project Director with 15 to 20 years of experience can earn an average of 104,060 EUR.
  • 20+ Years Experience. For a Real Estate Project Director with more than 20 years, the expected average salary increases to 110,380 EUR.

Average Salary by Experience Chart

0-2 Years
43,800 EUR
2-5 Years +34%
60,920 EUR
5-10 Years +30%
77,860 EUR
10-15 Years +21%
97,060 EUR
15-20 Years +9%
104,060 EUR
20+ Years +5%
110,380 EUR

Real Estate Project Director Salary by Education Level in Italy

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 Real Estate Project Director in Italy 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 Real Estate Project Director in Italy with a high school education can earn an average salary of 56,880 EUR.

  • Certificate or Diploma. A Real Estate Project Director in Italy with a certificate or diploma education can earn an average salary of 61,580 EUR.

  • Bachelor's Degree. A Real Estate Project Director in Italy with a bachelor's degree education can earn an average salary of 87,760 EUR.

  • Master's Degree. A Real Estate Project Director in Italy with a master's degree education can earn an average salary of 107,380 EUR.

Average Salary by Education Chart

High School
56,880 EUR
Certificate or Diploma +14%
61,580 EUR
Bachelor's Degree +41%
87,760 EUR
Master's Degree +21%
107,380 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 Italy is around 18,200 to 54,700 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.

Real Estate Project Director 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 Italy, a male real estate project director will earn an average of 77,860 EUR, while a female real estate project director will earn around 77,060 EUR.

This means that a male real estate project director earns approximately 1% more than a female real estate project director for performing the same job.

Average Salary by Gender Chart in Italy

Male
77,860 EUR
Female -1%
77,060 EUR

Real Estate Project Director Average Pay Raise in Italy

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 Real Estate Project Director in Italy is around 12% every 19 months.

The national average pay raise across all professions and industries in Italy is around 8% every 17 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 ÷ 19 ) × 12  = 8%

What this means is that a Real Estate Project Director in Italy can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Italy for 2024

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

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%

Real Estate Project Director Bonus and Incentive Rates in Italy

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 Real Estate Project Director is a high bonus based job, with 81% of employees reporting at least one bonus in the last 12 months.

19% 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 6% to 8%.

Received Bonus
81%
No Bonus
19%

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 Italy earn approximately 5% more than private sector employees in the same role.

Public Sector
46,280 EUR
Private Sector -5%
44,180 EUR

Salaries for Jobs Similar to a Real Estate Project Director

In the table below, we have salary information for jobs that are similar to a Real Estate Project Director in Italy.

Job Title Category Salary
Acquisition Associate Real Estate 36,020 EUR
Assistant Leasing Manager Real Estate 47,720 EUR
Assistant Property Manager Real Estate 48,160 EUR
Brokerage Real Estate 37,740 EUR
Brokerage Clerk Real Estate 21,540 EUR
Commercial Leasing Manager Real Estate 75,220 EUR
Commercial Real Estate Manager Real Estate 79,000 EUR
Community Development Manager Real Estate 71,700 EUR
Compliance Specialist Real Estate 37,740 EUR
Development Coordinator Real Estate 36,800 EUR
Director of Real Estate Real Estate 87,520 EUR
Lease Administrator Real Estate 48,200 EUR
Leasing Agent Real Estate 41,900 EUR
Leasing Consultant Real Estate 47,540 EUR
Leasing Manager Real Estate 51,900 EUR
Lettings Assistant Real Estate 19,020 EUR
Portfolio Analyst Real Estate 67,020 EUR
Portfolio Manager Real Estate 92,900 EUR
Property Acquisition Agent Real Estate 34,360 EUR
Property and Claims Specialist Real Estate 48,740 EUR
Property Manager Real Estate 58,860 EUR
Property Operations Manager Real Estate 80,840 EUR
Property Tax Assistant Real Estate 38,700 EUR
Real Estate Administrator Real Estate 42,400 EUR
Real Estate Agent Real Estate 39,560 EUR
Real Estate Analyst Real Estate 47,720 EUR
Real Estate Appraiser Real Estate 40,240 EUR
Real Estate Appraiser Real Estate 42,460 EUR
Real Estate Appraiser Real Estate 43,360 EUR
Real Estate Assistant Real Estate 34,280 EUR
Real Estate Association Manager Real Estate 49,020 EUR
Real Estate Broker Real Estate 36,020 EUR
Real Estate General Manager Real Estate 76,440 EUR
Real Estate Project Manager Real Estate 71,020 EUR
Real Estate Sales Agent Real Estate 40,140 EUR
Real Estate Valuer Real Estate 39,420 EUR
Research Analyst Real Estate 35,300 EUR
Residential Advisor Real Estate 47,760 EUR
Residential Property Manager Real Estate 54,280 EUR
Shopping Center Manager Real Estate 83,140 EUR
Town Planner Real Estate 78,500 EUR

Salary Comparison by City

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

City Average Salary
Bologna 73,020 EUR
Catania 70,940 EUR
Genova 73,980 EUR
Milano 85,460 EUR
Napoli 77,400 EUR
Palermo 75,220 EUR
Parma 73,040 EUR
Rome 83,300 EUR
Torino 77,060 EUR
Trieste 75,040 EUR

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