Average Telecommunication Product Manager Salary in Luxembourg for 2024

In this article, we will look at the average Telecommunication Product Manager 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 Telecommunication Product Manager Make in Luxembourg?

A Telecommunication Product Manager working in Luxembourg will typically earn around 60,460 EUR per year, and this can range from the lowest average salary of about 34,080 EUR to the highest average salary of 96,160 EUR.

Average Annual Salary
60,460 EUR
Average Monthly Salary
5,038 EUR

Lowest Annual Salary
34,080 EUR
Lowest Monthly Salary
2,840 EUR

Highest Annual Salary
96,160 EUR
Highest Monthly Salary
8,013 EUR

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

Telecommunication Product Manager 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 Telecommunication Product Manager Salaries in Luxembourg

So we've looked at the average salaries a Telecommunication Product Manager will earn in Luxembourg. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Telecommunication Product Manager can earn between 34,080 EUR and 96,160 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 Telecommunication Product Manager in Luxembourg is 59,940 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 59,940 EUR, and 50% of the population earn more than 59,940 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 Telecommunication Product Manager salary in Luxembourg, 25% of the population are earning less than 42,400 EUR while 75% of the population earn more than 42,400 EUR.

75% of the population earn less than 75,280 EUR, and 25% of the population earn more than 75,280 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.

Telecommunication Product Manager 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 telecommunication product manager 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 Telecommunication Product Manager in Luxembourg that has less than two years of experience can expect to earn somewhere in the region of 36,020 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Telecommunication Product Manager salary would increase to 49,820 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Telecommunication Product Manager, the average salary would be 63,480 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 79,120 EUR.
  • 15 - 20 Years Experience. A Telecommunication Product Manager with 15 to 20 years of experience can earn an average of 85,020 EUR.
  • 20+ Years Experience. For a Telecommunication Product Manager with more than 20 years, the expected average salary increases to 87,760 EUR.

Average Salary by Experience Chart

0-2 Years
36,020 EUR
2-5 Years +34%
49,820 EUR
5-10 Years +30%
63,480 EUR
10-15 Years +21%
79,120 EUR
15-20 Years +9%
85,020 EUR
20+ Years +5%
87,760 EUR

Telecommunication Product Manager 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 Telecommunication Product Manager in Luxembourg based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Telecommunication Product Manager in Luxembourg with a bachelor's degree education can earn an average salary of 51,340 EUR.

  • Master's Degree. A Telecommunication Product Manager in Luxembourg with a master's degree education can earn an average salary of 70,880 EUR.

Average Salary by Education Chart

Bachelor's Degree
51,340 EUR
Master's Degree +39%
70,880 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.

Telecommunication Product Manager 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 telecommunication product manager will earn an average of 64,300 EUR, while a female telecommunication product manager will earn around 60,340 EUR.

This means that a male telecommunication product manager earns approximately 7% more than a female telecommunication product manager for performing the same job.

Average Salary by Gender Chart in Luxembourg

Male
64,300 EUR
Female -7%
60,340 EUR

Telecommunication Product Manager 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 Telecommunication Product Manager in Luxembourg is around 11% every 18 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 ÷ 18 ) × 12  = 7%

What this means is that a Telecommunication Product Manager in Luxembourg can expect to receive an average pay raise of around 7% 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%

Telecommunication Product Manager 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 Telecommunication Product Manager is a high bonus based job, with 78% of employees reporting at least one bonus in the last 12 months.

22% 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
78%
No Bonus
22%

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 Telecommunication Product Manager

In the table below, we have salary information for jobs that are similar to a Telecommunication Product Manager in Luxembourg.

Job Title Category Salary
Access Operation Team Leader Telecommunication 64,720 EUR
Audio Visual Installer Telecommunication 29,320 EUR
Broadband Technician Telecommunication 26,400 EUR
Chief Technology Officer Telecommunication 90,900 EUR
Customer Implementation Support Telecommunication 28,680 EUR
Fiber Optic Technician Telecommunication 28,680 EUR
Mobile Data Coordinator Telecommunication 34,240 EUR
OSP Site Supervisor Telecommunication 39,960 EUR
Retention Executive Telecommunication 78,620 EUR
RF Engineer Telecommunication 54,700 EUR
Sales Director Telecommunication 98,140 EUR
Sales Engineer Telecommunication 57,900 EUR
Technical Support Engineer Telecommunication 50,980 EUR
Telecom Chief Engineer Telecommunication 57,900 EUR
Telecom Specialist Telecommunication 60,460 EUR
Telecommunication Consultant Telecommunication 69,780 EUR
Telecommunication Dispatcher Telecommunication 26,500 EUR
Telecommunication Equipment Engineer Telecommunication 43,220 EUR
Telecommunication Logistics Supervisor Telecommunication 40,560 EUR
Telecommunication Project Coordinator Telecommunication 35,300 EUR
Telecommunication Project Manager Telecommunication 70,940 EUR
Telecommunication Service Delivery Manager Telecommunication 72,780 EUR
Telecommunication Service Management Coordinator Telecommunication 58,280 EUR
Telecommunication Solution Architect Telecommunication 72,780 EUR
Telecommunication Surveyor Telecommunication 29,320 EUR
Telecommunication Team Leader Telecommunication 57,860 EUR
Telecommunication Technical Manager Telecommunication 65,800 EUR
Telecommunication Technician Telecommunication 26,080 EUR
Telecommunications Analyst Telecommunication 65,940 EUR
Telecommunications Assistant Manager Telecommunication 70,840 EUR
Telecommunications Chief Engineer Telecommunication 58,860 EUR
Telecommunications Engineer Telecommunication 55,580 EUR
Telecommunications Engineering Specialist Telecommunication 57,900 EUR
Telecommunications Equipment Installer Telecommunication 29,320 EUR
Telecommunications Facility Examiner Telecommunication 34,160 EUR
Telecommunications Line Installer Telecommunication 29,040 EUR
Telecommunications Manager Telecommunication 102,020 EUR
Telecommunications Network Engineer Telecommunication 58,860 EUR
Telecommunications Technician Telecommunication 27,620 EUR

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