Average Trade Officer Salary in Luxembourg for 2024

In this article, we will look at the average Trade Officer 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 Trade Officer Make in Luxembourg?

A Trade Officer working in Luxembourg will typically earn around 26,080 EUR per year, and this can range from the lowest average salary of about 12,620 EUR to the highest average salary of 43,480 EUR.

Average Annual Salary
26,080 EUR
Average Monthly Salary
2,173 EUR

Lowest Annual Salary
12,620 EUR
Lowest Monthly Salary
1,051 EUR

Highest Annual Salary
43,480 EUR
Highest Monthly Salary
3,623 EUR

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

Trade Officer 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 Trade Officer Salaries in Luxembourg

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

Salary ranges

We already know that a Trade Officer can earn between 12,620 EUR and 43,480 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 Trade Officer in Luxembourg is 29,840 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 29,840 EUR, and 50% of the population earn more than 29,840 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 Trade Officer salary in Luxembourg, 25% of the population are earning less than 19,640 EUR while 75% of the population earn more than 19,640 EUR.

75% of the population earn less than 36,020 EUR, and 25% of the population earn more than 36,020 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.

Trade Officer 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 trade officer 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 Trade Officer in Luxembourg that has less than two years of experience can expect to earn somewhere in the region of 12,000 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Trade Officer salary would increase to 17,760 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Trade Officer, the average salary would be 28,820 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 31,520 EUR.
  • 15 - 20 Years Experience. A Trade Officer with 15 to 20 years of experience can earn an average of 37,620 EUR.
  • 20+ Years Experience. For a Trade Officer with more than 20 years, the expected average salary increases to 39,800 EUR.

Average Salary by Experience Chart

0-2 Years
12,000 EUR
2-5 Years +34%
17,760 EUR
5-10 Years +48%
28,820 EUR
10-15 Years +22%
31,520 EUR
15-20 Years +9%
37,620 EUR
20+ Years +8%
39,800 EUR

Trade Officer 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 Trade Officer 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 Trade Officer in Luxembourg with a high school education can earn an average salary of 14,820 EUR.

  • Certificate or Diploma. A Trade Officer in Luxembourg with a certificate or diploma education can earn an average salary of 24,800 EUR.

  • Bachelor's Degree. A Trade Officer in Luxembourg with a bachelor's degree education can earn an average salary of 41,180 EUR.

Average Salary by Education Chart

High School
14,820 EUR
Certificate or Diploma +57%
24,800 EUR
Bachelor's Degree +68%
41,180 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.

Trade Officer 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 trade officer will earn an average of 26,500 EUR, while a female trade officer will earn around 27,380 EUR.

This means that a male trade officer earns approximately 3% less than a female trade officer for performing the same job.

Average Salary by Gender Chart in Luxembourg

Male
26,500 EUR
Female +3%
27,380 EUR

Trade Officer 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 Trade Officer in Luxembourg is around 11% every 15 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 ÷ 15 ) × 12  = 9%

What this means is that a Trade Officer in Luxembourg can expect to receive an average pay raise of around 9% 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%

Trade Officer 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 Trade Officer 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 2% to 7%.

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 Trade Officer

In the table below, we have salary information for jobs that are similar to a Trade Officer in Luxembourg.

Job Title Category Salary
AML Analyst Banking 96,540 EUR
Assistant Bank Branch Manager Banking 78,400 EUR
Assistant Bank Manager Banking 98,540 EUR
ATM Manager Banking 85,440 EUR
ATM Service Technician Banking 23,260 EUR
Bank Accounts Analyst Banking 34,160 EUR
Bank Accounts Collector Banking 21,020 EUR
Bank Accounts Controller Banking 43,520 EUR
Bank Accounts Executive Banking 67,020 EUR
Bank Accounts Manager Banking 80,920 EUR
Bank Auditing Manager Banking 80,480 EUR
Bank Branch Manager Banking 104,060 EUR
Bank Branch Operations Coordinator Banking 48,160 EUR
Bank Clerk Banking 19,480 EUR
Bank Client Service Associate Banking 30,700 EUR
Bank Collector Banking 21,020 EUR
Bank Compliance Specialist Banking 55,020 EUR
Bank Manager Banking 123,400 EUR
Bank Operational Risk Manager Banking 123,400 EUR
Bank Operations Head Banking 130,400 EUR
Bank Operations Officer Banking 49,200 EUR
Bank Operations Specialist Banking 78,620 EUR
Bank Process Manager Banking 74,540 EUR
Bank Product Manager Banking 79,360 EUR
Bank Programme Manager Banking 87,000 EUR
Bank Project Manager Banking 101,020 EUR
Bank Propositions Manager Banking 90,660 EUR
Bank Quantitative Analyst Banking 64,200 EUR
Bank Regional Manager Banking 124,400 EUR
Bank Regional Risk Officer Banking 66,100 EUR
Bank Relationship Manager Banking 93,340 EUR
Bank Relationship Officer Banking 42,320 EUR
Bank Teller Banking 20,760 EUR
Banker Banking 43,520 EUR
Banking Business Analyst Banking 66,260 EUR
Banking Business Development Officer Banking 39,420 EUR
Banking Business Planning Executive Banking 95,860 EUR
Banking Product Manager Banking 79,000 EUR
Banking Reference Data Manager Banking 71,700 EUR
Banking Risk Analyst Banking 64,300 EUR
Banking Technical Analyst Banking 34,360 EUR
Bankruptcy Coordinator Banking 47,400 EUR
Bill and Account Collector Banking 23,500 EUR
Budget Analyst Banking 66,140 EUR
Capital Risk Manager Banking 123,400 EUR
Cards Marketing Manager Banking 78,620 EUR
Cash Management Manager Banking 116,180 EUR
Check Processing Manager Banking 86,800 EUR
Commercial Vault Associate Banking 61,580 EUR
Corporate Banker Banking 48,160 EUR
Corporate Dealer Banking 67,020 EUR
Credit Analyst Banking 50,660 EUR
Credit and Collections Manager Banking 93,120 EUR
Credit Card Fraud Investigator Banking 63,400 EUR
Credit Portfolio Manager Banking 115,220 EUR
Credit Risk Analyst Banking 69,180 EUR
Credit Risk Associate Banking 66,260 EUR
Direct Bank Sales Representative Banking 43,800 EUR
Exchange Control Consultant Banking 68,320 EUR
Executive Account Analyst Banking 64,040 EUR
Financial Bank Planning Consultant Banking 83,100 EUR
Financial Banking Analysis Manager Banking 97,900 EUR
Financial Banking Assistant Banking 28,680 EUR
Financial Banking Systems Manager Banking 88,620 EUR
Foreign Exchange Manager Banking 97,060 EUR
Fraud Analyst Banking 68,900 EUR
Fraud Detection Associate Banking 48,640 EUR
Fraud Detection Manager Banking 98,440 EUR
Fraud Detection Supervisor Banking 53,320 EUR
Internal Bank Audit Manager Banking 119,700 EUR
Internal Bank Auditor Banking 64,920 EUR
Internal Private Banker Banking 47,760 EUR
International Banking Manager Banking 129,000 EUR
Investment Banking Analyst Banking 92,500 EUR
Loan Analyst Banking 66,580 EUR
Loan Area Manager Banking 77,120 EUR
Loan Audit Team Leader Banking 71,280 EUR
Loan Branch Manager Banking 75,280 EUR
Loan Business Development Officer Banking 40,040 EUR
Loan Clerk Banking 23,400 EUR
Loan Collection and Recovery Manager Banking 78,400 EUR
Loan Collection Manager Banking 76,280 EUR
Loan Collector Banking 23,400 EUR
Loan Examiner Banking 26,660 EUR
Loan Officer Banking 23,700 EUR
Loan Processing Manager Banking 70,260 EUR
Loan Processor Banking 28,860 EUR
Loan Quality Assurance Auditor Banking 68,900 EUR
Loan Quality Assurance Manager Banking 69,260 EUR
Loan Quality Assurance Representative Banking 48,740 EUR
Loan Review Manager Banking 75,260 EUR
Loan Team Leader Banking 68,900 EUR
Loans Manager Banking 85,460 EUR
Mortgage Advisor Banking 45,060 EUR
Mortgage Collection Manager Banking 74,380 EUR
Mortgage Collector Banking 20,000 EUR
Mortgage Credit Analyst Banking 35,000 EUR
Mortgage Credit Manager Banking 69,180 EUR
Mortgage Development Manager Banking 80,640 EUR
Mortgage Document Reviewer Banking 28,900 EUR
Mortgage Funding Manager Banking 86,800 EUR
Mortgage Operations Manager Banking 108,800 EUR
Mortgage Payment Processing Clerk Banking 24,800 EUR
Mortgage Processing Manager Banking 70,880 EUR
Mortgage Processor Banking 27,020 EUR
Mortgage Quality Assurance Auditor Banking 66,580 EUR
Mortgage Quality Assurance Manager Banking 78,160 EUR
Mortgage Servicing Clerk Banking 22,420 EUR
Mortgage Servicing Manager Banking 75,260 EUR
Mortgage Underwriter Banking 25,720 EUR
Online Banking Manager Banking 110,340 EUR
Payment Processing Clerk Banking 23,500 EUR
Personal Banker Banking 43,760 EUR
Personal Banking Advisor Banking 45,600 EUR
Phone Banker Banking 31,180 EUR
Private Banker Banking 48,640 EUR
Reconciliation and Investigation Specialist Banking 50,660 EUR
Tax Officer Banking 37,380 EUR
Teller Banking 20,760 EUR
Trade Product Manager Banking 78,500 EUR
Trader Banking 34,240 EUR
Treasury Operations Officer Banking 57,900 EUR

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