Average Revenue Management Specialist Salary in Luxembourg for 2024

In this article, we will look at the average Revenue Management Specialist salary for 2024 in Luxembourg 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 Revenue Management Specialist Make in Luxembourg?

A Revenue Management Specialist working in Luxembourg will typically earn around 67,020 EUR per year, and this can range from the lowest average salary of about 33,440 EUR to the highest average salary of 102,960 EUR.

Average Annual Salary
67,020 EUR
Average Monthly Salary
5,585 EUR

Lowest Annual Salary
33,440 EUR
Lowest Monthly Salary
2,786 EUR

Highest Annual Salary
102,960 EUR
Highest Monthly Salary
8,580 EUR

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

Revenue Management 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 Revenue Management Specialist Salaries in Luxembourg

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

Salary ranges

We already know that a Revenue Management Specialist can earn between 33,440 EUR and 102,960 EUR on average in Luxembourg. 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 Revenue Management Specialist in Luxembourg is 70,260 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 70,260 EUR, and 50% of the population earn more than 70,260 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 Revenue Management Specialist salary in Luxembourg, 25% of the population are earning less than 43,800 EUR while 75% of the population earn more than 43,800 EUR.

75% of the population earn less than 91,380 EUR, and 25% of the population earn more than 91,380 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.

Revenue Management Specialist Salary by Experience Level in Luxembourg

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 revenue management 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 Revenue Management Specialist in Luxembourg that has less than two years of experience can expect to earn somewhere in the region of 37,740 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Revenue Management Specialist salary would increase to 53,660 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Revenue Management Specialist, the average salary would be 69,540 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 83,900 EUR.
  • 15 - 20 Years Experience. A Revenue Management Specialist with 15 to 20 years of experience can earn an average of 92,400 EUR.
  • 20+ Years Experience. For a Revenue Management Specialist with more than 20 years, the expected average salary increases to 99,460 EUR.

Average Salary by Experience Chart

0-2 Years
37,740 EUR
2-5 Years +42%
53,660 EUR
5-10 Years +31%
69,540 EUR
10-15 Years +23%
83,900 EUR
15-20 Years +6%
92,400 EUR
20+ Years +10%
99,460 EUR

Revenue Management Specialist Salary by Education Level in Luxembourg

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 Revenue Management Specialist in Luxembourg 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 Revenue Management Specialist in Luxembourg with a high school education can earn an average salary of 47,760 EUR.

  • Certificate or Diploma. A Revenue Management Specialist in Luxembourg with a certificate or diploma education can earn an average salary of 54,180 EUR.

  • Bachelor's Degree. A Revenue Management Specialist in Luxembourg with a bachelor's degree education can earn an average salary of 80,180 EUR.

  • Master's Degree. A Revenue Management Specialist in Luxembourg with a master's degree education can earn an average salary of 95,720 EUR.

Average Salary by Education Chart

High School
47,760 EUR
Certificate or Diploma +16%
54,180 EUR
Bachelor's Degree +46%
80,180 EUR
Master's Degree +23%
95,720 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 Luxembourg is around 24,600 to 73,700 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.

Revenue Management 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 Luxembourg, a male revenue management specialist will earn an average of 68,360 EUR, while a female revenue management specialist will earn around 66,580 EUR.

This means that a male revenue management specialist earns approximately 3% more than a female revenue management specialist for performing the same job.

Average Salary by Gender Chart in Luxembourg

Male
68,360 EUR
Female -3%
66,580 EUR

Revenue Management Specialist Average Pay Raise in Luxembourg

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 Revenue Management Specialist in Luxembourg is around 11% every 17 months.

The national average pay raise across all professions and industries in Luxembourg 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 = ( 11 ÷ 17 ) × 12  = 8%

What this means is that a Revenue Management Specialist in Luxembourg can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Luxembourg for 2024

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

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%

Revenue Management Specialist Bonus and Incentive Rates in Luxembourg

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 Revenue Management Specialist is a moderate bonus based job, with 58% of employees reporting at least one bonus in the last 12 months.

42% 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
58%
No Bonus
42%

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 Luxembourg earn approximately 7% more than private sector employees in the same role.

Public Sector
60,340 EUR
Private Sector -7%
56,460 EUR

Salaries for Jobs Similar to a Revenue Management Specialist

In the table below, we have salary information for jobs that are similar to a Revenue Management Specialist in Luxembourg.

Job Title Category Salary
Account Examiner Accounting and Finance 28,680 EUR
Account Executive Accounting and Finance 55,020 EUR
Accountant Accounting and Finance 42,400 EUR
Accounting Analyst Accounting and Finance 52,820 EUR
Accounting Assistant Accounting and Finance 34,240 EUR
Accounting Associate Accounting and Finance 31,400 EUR
Accounting Clerk Accounting and Finance 27,380 EUR
Accounting Coordinator Accounting and Finance 34,380 EUR
Accounting Head Accounting and Finance 86,800 EUR
Accounting Manager Accounting and Finance 88,620 EUR
Accounting Officer Accounting and Finance 28,680 EUR
Accounting Specialist Accounting and Finance 54,560 EUR
Accounting Supervisor Accounting and Finance 57,360 EUR
Accounting Technician Accounting and Finance 28,860 EUR
Accounting Unit Controller Accounting and Finance 67,360 EUR
Accounts Executive Accounting and Finance 55,020 EUR
Accounts Officer Accounting and Finance 34,160 EUR
Accounts Payable and Receivable Specialist Accounting and Finance 44,800 EUR
Accounts Payable Assistant Accounting and Finance 35,300 EUR
Accounts Payable Associate Accounting and Finance 38,620 EUR
Accounts Payable Clerk Accounting and Finance 31,960 EUR
Accounts Payable Manager Accounting and Finance 83,900 EUR
Accounts Receivable Administrator Accounting and Finance 64,300 EUR
Accounts Receivable Clerk Accounting and Finance 28,680 EUR
Accounts Receivable Financial Analyst Accounting and Finance 60,340 EUR
Accounts Receivable Manager Accounting and Finance 80,480 EUR
Accounts Receivable Team Leader Accounting and Finance 60,460 EUR
Assistant Accountant Accounting and Finance 31,960 EUR
Assistant Accounting Manager Accounting and Finance 78,400 EUR
Assistant Auditor Accounting and Finance 43,360 EUR
Assistant Corporate Controller Accounting and Finance 57,440 EUR
Assistant Finance Manager Accounting and Finance 89,460 EUR
Assistant Financial Controller Accounting and Finance 57,800 EUR
Audit Director Accounting and Finance 97,900 EUR
Audit Supervisor Accounting and Finance 78,500 EUR
Auditing Clerk Accounting and Finance 34,160 EUR
Auditing Manager Accounting and Finance 89,800 EUR
Billing Clerk Accounting and Finance 34,240 EUR
Billing Coordinator Accounting and Finance 36,020 EUR
Billing Specialist Accounting and Finance 43,520 EUR
Billing Supervisor Accounting and Finance 64,040 EUR
Bookkeeper Accounting and Finance 28,660 EUR
Bookkeeping Specialist Accounting and Finance 41,660 EUR
Budget Analyst Accounting and Finance 75,260 EUR
Budget Manager Accounting and Finance 83,420 EUR
Business Support Analyst Accounting and Finance 48,160 EUR
Capital Markets Associate Accounting and Finance 64,560 EUR
Cash Flow Analyst Accounting and Finance 61,780 EUR
Cash Management Manager Accounting and Finance 85,460 EUR
Cash Management Officer Accounting and Finance 48,300 EUR
Cashbook Clerk Accounting and Finance 26,660 EUR
Chartered Accountant Accounting and Finance 50,660 EUR
Chief Accountant Accounting and Finance 63,500 EUR
Collections Clerk Accounting and Finance 25,940 EUR
Collections Representative Accounting and Finance 35,000 EUR
Collections Specialist Accounting and Finance 42,320 EUR
Corporate Controller Accounting and Finance 70,940 EUR
Corporate Treasurer Accounting and Finance 79,260 EUR
Cost Accountant Accounting and Finance 41,660 EUR
Cost Accounting Manager Accounting and Finance 82,520 EUR
Cost Accounting Supervisor Accounting and Finance 69,180 EUR
Cost Analyst Accounting and Finance 70,940 EUR
Credit and Collection Manager Accounting and Finance 80,800 EUR
Credit and Collection Staff Accounting and Finance 31,940 EUR
Credit and Loans Officer Accounting and Finance 30,840 EUR
Credit Controller Accounting and Finance 61,400 EUR
Credit Manager Accounting and Finance 85,440 EUR
Debt Adviser Accounting and Finance 71,700 EUR
Debt Collector Accounting and Finance 36,940 EUR
Debtors Clerk Accounting and Finance 30,700 EUR
Debtors Controller Accounting and Finance 28,680 EUR
Deputy CFO Accounting and Finance 115,260 EUR
Deputy Head of Finance Accounting and Finance 110,380 EUR
Derivative Trader Accounting and Finance 70,940 EUR
Director of Finance Accounting and Finance 123,400 EUR
Economist Accounting and Finance 102,020 EUR
Equity Analyst Accounting and Finance 70,700 EUR
Escrow Assistant Accounting and Finance 36,700 EUR
Executive Accountant Accounting and Finance 43,760 EUR
External Auditor Accounting and Finance 60,340 EUR
Finance Administrator Accounting and Finance 48,140 EUR
Finance Analyst Accounting and Finance 72,740 EUR
Finance Associate Accounting and Finance 35,000 EUR
Finance Director Accounting and Finance 124,400 EUR
Finance Executive Accounting and Finance 92,880 EUR
Finance Licensing Clerk Accounting and Finance 31,400 EUR
Finance Licensing Manager Accounting and Finance 83,140 EUR
Finance Licensing Specialist Accounting and Finance 45,060 EUR
Finance Manager Accounting and Finance 119,900 EUR
Finance Officer Accounting and Finance 42,320 EUR
Finance President Accounting and Finance 123,400 EUR
Finance Relationship Manager Accounting and Finance 94,940 EUR
Finance Release Analyst Accounting and Finance 49,700 EUR
Finance Specialist Accounting and Finance 67,020 EUR
Finance Team Leader Accounting and Finance 91,560 EUR
Financial Accountant Accounting and Finance 41,700 EUR
Financial Actuary Accounting and Finance 62,060 EUR
Financial Administrator Accounting and Finance 70,600 EUR
Financial Advisor Accounting and Finance 75,500 EUR
Financial Analyst Accounting and Finance 72,740 EUR
Financial Applications Specialist Accounting and Finance 53,120 EUR
Financial Assistant Accounting and Finance 35,300 EUR
Financial Associate Accounting and Finance 36,940 EUR
Financial Associate Accounting and Finance 41,660 EUR
Financial Claims Analyst Accounting and Finance 54,280 EUR
Financial Claims Manager Accounting and Finance 77,400 EUR
Financial Claims Supervisor Accounting and Finance 70,600 EUR
Financial Clerk Accounting and Finance 34,240 EUR
Financial Commercial Analyst Accounting and Finance 62,100 EUR
Financial Compliance Analyst Accounting and Finance 68,900 EUR
Financial Consultant Accounting and Finance 54,180 EUR
Financial Controller Accounting and Finance 70,940 EUR
Financial Coordinator Accounting and Finance 38,340 EUR
Financial Customer Service Manager Accounting and Finance 78,500 EUR
Financial Dealer and Broker Accounting and Finance 45,060 EUR
Financial Director Accounting and Finance 124,400 EUR
Financial Encoder Accounting and Finance 35,300 EUR
Financial Manager Accounting and Finance 113,220 EUR
Financial Manager Accounting and Finance 119,900 EUR
Financial Operations Manager Accounting and Finance 103,900 EUR
Financial Policy Analyst Accounting and Finance 63,480 EUR
Financial Project Manager Accounting and Finance 88,260 EUR
Financial Quantitative Analyst Accounting and Finance 70,940 EUR
Financial Reporting Consultant Accounting and Finance 62,100 EUR
Financial Reporting Manager Accounting and Finance 79,260 EUR
Financial Section Head Accounting and Finance 78,420 EUR
Financial Services Manager Accounting and Finance 103,900 EUR
Financial Services Sales Agent Accounting and Finance 48,200 EUR
Fixed Assets Administrator Accounting and Finance 43,480 EUR
Forensic Accountant Accounting and Finance 48,740 EUR
Fraud Detection Supervisor Accounting and Finance 52,820 EUR
Fraud Prevention Manager Accounting and Finance 80,280 EUR
Fund Accountant Accounting and Finance 37,880 EUR
Grants Coordinator Accounting and Finance 31,960 EUR
Group Financial Manager Accounting and Finance 116,740 EUR
Internal Auditor Accounting and Finance 54,180 EUR
Internal Control Adviser Accounting and Finance 68,580 EUR
Internal Control Officer Accounting and Finance 36,940 EUR
International Tax Director Accounting and Finance 98,440 EUR
Inventory Accountant Accounting and Finance 46,840 EUR
Investment Advisor Accounting and Finance 112,600 EUR
Investment Analyst Accounting and Finance 83,900 EUR
Investment Associate Accounting and Finance 67,360 EUR
Investment Broker Accounting and Finance 67,360 EUR
Investment Fund Manager Accounting and Finance 93,660 EUR
Investment Operations Manager Accounting and Finance 93,660 EUR
Investment Underwriter Accounting and Finance 35,000 EUR
Investor Accounting and Finance 52,820 EUR
Investor Relations Manager Accounting and Finance 86,760 EUR
KYC Team Leader Accounting and Finance 83,300 EUR
Loan Processor Accounting and Finance 34,160 EUR
Management Accountant Accounting and Finance 46,280 EUR
Management Economist Accounting and Finance 97,300 EUR
Paymaster Accounting and Finance 35,300 EUR
Payroll Administrator Accounting and Finance 53,160 EUR
Payroll Benefits Coordinator Accounting and Finance 43,800 EUR
Payroll Billing Manager Accounting and Finance 78,500 EUR
Payroll Clerk Accounting and Finance 38,260 EUR
Payroll Manager Accounting and Finance 80,920 EUR
Payroll Officer Accounting and Finance 36,700 EUR
Payroll Specialist Accounting and Finance 43,480 EUR
Payroll Supervisor Accounting and Finance 50,660 EUR
Pensions Administrator Accounting and Finance 46,400 EUR
Personal Financial Advisor Accounting and Finance 63,500 EUR
Pricing Analyst Accounting and Finance 70,600 EUR
Private Equity Analyst Accounting and Finance 74,620 EUR
Project Accountant Accounting and Finance 47,180 EUR
Proposal Development Coordinator Accounting and Finance 36,700 EUR
Receivables Accountant Accounting and Finance 40,420 EUR
Regulatory Accountant Accounting and Finance 46,840 EUR
Retirement Plan Analyst Accounting and Finance 70,940 EUR
Revenue Recognition Analyst Accounting and Finance 80,480 EUR
Risk Management Director Accounting and Finance 96,500 EUR
Risk Management Supervisor Accounting and Finance 82,200 EUR
Staff Accountant Accounting and Finance 36,720 EUR
Tax Accountant Accounting and Finance 39,800 EUR
Tax Administrator Accounting and Finance 48,140 EUR
Tax Advisor Accounting and Finance 62,060 EUR
Tax Analyst Accounting and Finance 64,040 EUR
Tax Associate Accounting and Finance 35,000 EUR
Tax Consultant Accounting and Finance 67,360 EUR
Tax Director Accounting and Finance 98,960 EUR
Tax Examiner Accounting and Finance 43,220 EUR
Tax Manager Accounting and Finance 87,000 EUR
Tax Research Manager Accounting and Finance 87,760 EUR
Teller Accounting and Finance 22,400 EUR
Treasury Accountant Accounting and Finance 45,580 EUR
Treasury Analyst Accounting and Finance 68,900 EUR
Underwriter Accounting and Finance 28,860 EUR
Underwriting Assistant Accounting and Finance 26,860 EUR
Vice President of Finance Accounting and Finance 117,440 EUR

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