Chief Operating Officer Average Salary in Cyprus 2024
How much money does a person working as Chief Operating Officer make in Cyprus?
LOW
1,710
EUR AVERAGE
3,640
EUR HIGH
5,750
EUR
A person working as Chief Operating Officer in Cyprus typically earns around 3,640 EUR. Salaries range from 1,710 EUR (lowest) to 5,750 EUR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Chief Operating Officer salaries in Cyprus vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Chief Operating Officer Pay Scale and Salaries in Cyprus
Salary Structure and Pay Scale Comparison
3,420 EUR or more
3,010 to 3,420 EUR
2,090 EUR or less
2,090 to 3,010 EUR
 1,710 EUR |
3,450 EUR |
5,750 EUR |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Chief Operating Officer in Cyprus range from 1,710 EUR (starting salary) to 5,750 EUR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 3,450 EUR, half of the professionals who work as Chief Operating Officer in Cyprus earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Chief Operating Officer in Cyprus earn less than 2,790 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 3,960 EUR while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Chief Operating Officer in Cyprus compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 2,090 EUR to 3,010 EUR. About 20% of salaries are below the 2,090 EUR mark, while 10% fall within the range of 3,010 EUR to 3,420 EUR. Only 5% of individuals have salaries exceeding 3,420 EUR.
Salary Comparison by Years of Experience / Chief Operating Officer / Cyprus
How do experience and age affect pay?
| 0 - 2 Years | 1,970 EUR | |
| 2 - 5 Years | +38% | 2,720 EUR |
| 5 - 10 Years | +42% | 3,870 EUR |
| 10 - 15 Years | +22% | 4,720 EUR |
| 15 - 20 Years | +6% | 4,980 EUR |
| 20+ Years | +9% | 5,420 EUR |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Chief Operating Officer and this is what we found.
Employees with less than two years of experience earn approximately 1,970 EUR.
While someone with an experience level between two and five years is expected to earn 2,720 EUR, 38% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 3,870 EUR, 42% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 4,720 EUR, 22% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 4,980 EUR, 6% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 5,420 EUR, 9% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Chief Operating Officer / Cyprus
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Chief Operating Officer.
| High School | 2,440 EUR | |
| Certificate or Diploma | +17% | 2,840 EUR |
| Bachelor's Degree | +46% | 4,130 EUR |
| Master's Degree | +31% | 5,420 EUR |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Chief Operating Officer in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 2,440 EUR.
Level 2: Certificate or Diploma
At this level, the average salary becomes 2,840 EUR, 17% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 4,130 EUR, 46% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 5,420 EUR, 31% more than the previous level.
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in Cyprus costs anywhere from 10,900 EUR to 32,600 EUR and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Chief Operating Officer / Cyprus
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Chief Operating Officer in Cyprus, the average difference between the salary of male and female employees is 6%.
| Male | 3,760 EUR | |
| Female | -6% | 3,530 EUR |
Salary Comparison By Gender in Cyprus for all Careers
Average Annual Salary Increment Percentage / Chief Operating Officer / Cyprus
How much are annual salary increments in Cyprus for individuals working as Chief Operating Officer? How often do employees get salary raises?
Individuals working as Chief Operating Officer in Cyprus are likely to observe a salary increase of approximately 10% every 27 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
Cyprus / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Chief Operating Officer / Cyprus
How much and how often are bonuses being awarded?
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33% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 67% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.
| Received Bonus | 67% | |
| No Bonus | 33% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Average Hourly Wage / Chief Operating Officer / Cyprus
21 EUR per hourThe average hourly wage (pay per hour) for individuals working as Chief Operating Officer in Cyprus is 21 EUR.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Chief Operating Officer in Cyprus is 10 EUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Executive and Management |  -100% | |
| Account Coordinator | 2,070 EUR | -43% |
| Account Director | 2,370 EUR | -35% |
| Account Executive | 2,460 EUR | -32% |
| Account Manager | 2,210 EUR | -39% |
| Administration Manager | 2,490 EUR | -32% |
| Administration Officer | 1,270 EUR | -65% |
| Administration Supervisor | 1,900 EUR | -48% |
| Administrative Clerk | 980 EUR | -73% |
| Administrative Officer | 970 EUR | -73% |
| Area Director | 2,180 EUR | -40% |
| Area Manager | 2,220 EUR | -39% |
| Asset Protection Associate | 2,640 EUR | -27% |
| Assistant Director | 2,530 EUR | -30% |
| Assistant General Manager | 2,480 EUR | -32% |
| Assistant Manager | 2,530 EUR | -30% |
| Assistant Managing Director | 2,870 EUR | -21% |
| Assistant Operations Manager | 2,760 EUR | -24% |
| Assistant Project Manager | 2,510 EUR | -31% |
| Assistant Section Head | 2,110 EUR | -42% |
| Assistant to CEO | 2,420 EUR | -33% |
| Assistant Vice President | 2,540 EUR | -30% |
| Associate Account Director | 2,410 EUR | -34% |
| Associate Director | 2,530 EUR | -30% |
| Bid Manager | 2,870 EUR | -21% |
| Branch Manager | 2,740 EUR | -25% |
| Business Development Manager | 3,130 EUR | -14% |
| Business Operations Associate | 2,580 EUR | -29% |
| Business Operations Lead | 2,550 EUR | -30% |
| Campaign Manager | 2,880 EUR | -21% |
| Catering Coordinator | 1,520 EUR | -58% |
| Catering Manager | 2,500 EUR | -31% |
| CEO | 4,660 EUR |  +28% |
| Chairman of The Board | 4,750 EUR | +31% |
| Chairman Office Manager | 2,990 EUR | -18% |
| Chief Commercial Officer | 3,350 EUR | -8% |
| Chief Corporate Officer | 3,780 EUR | +4% |
| Chief Digital Officer | 3,390 EUR | -7% |
| Chief Digital Strategy Officer | 3,310 EUR | -9% |
| Chief Digital Transformation Officer | 3,270 EUR | -10% |
| Chief Ethics Officer | 3,010 EUR | -17% |
| Chief Executive Officer | 4,580 EUR | +26% |
| Chief Financial Officer | 4,350 EUR | +20% |
| Chief Investment Officer | 3,640 EUR | +0% |
| Chief of Staff | 2,270 EUR | -38% |
| Chief Operating Officer | 3,640 EUR | +0% |
| Chief Privacy Officer | 2,920 EUR | -20% |
| Chief Resilience Officer | 3,430 EUR | -6% |
| Chief Risk Officer | 2,960 EUR | -19% |
| Chief Strategy Officer | 4,100 EUR | +13% |
| Chief Trust and Safety Officer | 2,870 EUR | -21% |
| Client Account Manager | 2,900 EUR | -20% |
| Client Accounts Officer | 2,330 EUR | -36% |
| Client Services Manager | 3,150 EUR | -13% |
| Commercial Director | 3,230 EUR | -11% |
| Commercial Manager | 2,810 EUR | -23% |
| Commercial Project Manager | 2,680 EUR | -26% |
| Commodity Broker | 2,030 EUR | -44% |
| COO | 3,690 EUR | +1% |
| Corporate Affairs Executive | 2,840 EUR | -22% |
| Corporate Compliance Director | 3,010 EUR | -17% |
| Corporate Director | 3,350 EUR | -8% |
| Corporate Officer | 2,290 EUR | -37% |
| Corporate Partnerships Officer | 2,200 EUR | -39% |
| Country Manager | 3,800 EUR | +5% |
| Department Head | 3,070 EUR | -16% |
| Department Manager | 2,940 EUR | -19% |
| Department Supervisor | 2,430 EUR | -33% |
| Deputy Director | 3,310 EUR | -9% |
| Deputy Manager | 3,240 EUR | -11% |
| Director | 3,550 EUR | -2% |
| Director of Accreditation | 3,280 EUR | -10% |
| Director of Catering Services | 2,830 EUR | -22% |
| Director of Client Services | 3,010 EUR | -17% |
| Director of Facilities Management | 2,730 EUR | -25% |
| Director of Operations | 3,280 EUR | -10% |
| Director of Process Simplification | 2,520 EUR | -31% |
| Director of Product Management | 3,130 EUR | -14% |
| Director of Project Management | 3,290 EUR | -10% |
| Director of Revenue Management | 2,860 EUR | -21% |
| Director of Training and Development | 2,940 EUR | -19% |
| Distribution Manager | 3,330 EUR | -8% |
| Division Manager | 2,900 EUR | -20% |
| Duty Manager | 2,800 EUR | -23% |
| Engagement Manager | 3,520 EUR | -3% |
| Executive Director | 4,580 EUR | +26% |
| Executive Manager | 3,750 EUR | +3% |
| Franchise Manager | 3,950 EUR | +9% |
| General Manager | 3,830 EUR | +5% |
| Generational Consultant | 2,480 EUR | -32% |
| Global Master Data Manager | 3,190 EUR | -12% |
| Global Technical Lead | 2,270 EUR | -38% |
| Head of Investment | 3,310 EUR | -9% |
| Head of Middle Office | 3,040 EUR | -16% |
| Head of Projects | 3,160 EUR | -13% |
| Head of Strategy | 3,590 EUR | -1% |
| Head of Supply Chain | 2,800 EUR | -23% |
| Head of Sustainability | 2,720 EUR | -25% |
| Housing Manager | 2,580 EUR | -29% |
| HSE Manager | 2,680 EUR | -26% |
| Innovation Manager | 2,700 EUR | -26% |
| Key Account Manager | 2,620 EUR | -28% |
| Knowledge Manager | 3,160 EUR | -13% |
| Location Manager | 2,950 EUR | -19% |
| Logistics Executive | 2,510 EUR | -31% |
| Logistics Manager | 2,520 EUR | -31% |
| Management Consultant | 2,490 EUR | -32% |
| Management Executive | 3,460 EUR | -5% |
| Manager | 3,050 EUR | -16% |
| Managing Director | 3,990 EUR | +10% |
| MIS Executive | 3,270 EUR | -10% |
| Ocean Services Manager | 3,380 EUR | -7% |
| Online Business Manager | 4,560 EUR | +25% |
| Operational Manager | 3,390 EUR | -7% |
| Operations Analyst | 2,860 EUR | -21% |
| Operations Assistant | 2,400 EUR | -34% |
| Operations Director | 3,570 EUR | -2% |
| Operations Executive | 3,430 EUR | -6% |
| Operations Manager | 3,610 EUR | -1% |
| Operations Supervisor | 2,900 EUR | -20% |
| Planning Director | 3,370 EUR | -7% |
| PMO Manager | 2,980 EUR | -18% |
| Policy Administration Executive | 2,750 EUR | -24% |
| Private Sector Executive | 2,790 EUR | -23% |
| Product Development Manager | 3,170 EUR | -13% |
| Product Executive | 2,870 EUR | -21% |
| Production Executive | 3,070 EUR | -16% |
| Production Manager | 3,360 EUR | -8% |
| Production Supervisor | 2,820 EUR | -22% |
| Program Director | 3,300 EUR | -9% |
| Program Manager | 3,180 EUR | -13% |
| Programme Coordinator | 2,350 EUR | -35% |
| Project Control Manager | 3,230 EUR | -11% |
| Project Coordinator | 1,910 EUR | -47% |
| Project Management Officer | 2,360 EUR | -35% |
| Project Manager | 2,410 EUR | -34% |
| Project Portfolio Manager | 2,560 EUR | -30% |
| Quality Manager | 2,490 EUR | -32% |
| R/D Director | 2,850 EUR | -22% |
| Regional Director | 4,480 EUR | +23% |
| Regional Manager | 3,180 EUR | -13% |
| Relationship Manager | 3,090 EUR | -15% |
| Retail District Manager | 2,340 EUR | -36% |
| Revenue Manager | 2,590 EUR | -29% |
| Risk and Capital Manager | 3,630 EUR | -0% |
| Risk Officer | 2,330 EUR | -36% |
| Safety Manager | 2,390 EUR | -34% |
| Section Head | 2,560 EUR | -30% |
| Service Manager | 2,680 EUR | -26% |
| Shift Supervisor | 1,900 EUR | -48% |
| Solutions Manager | 2,340 EUR | -36% |
| Supervisor | 2,030 EUR | -44% |
| Supply Chain Manager | 3,380 EUR | -7% |
| Surveyor | 2,240 EUR | -38% |
| Technical Director | 2,930 EUR | -19% |
| Technical Manager | 3,010 EUR | -17% |
| Territory Manager | 3,020 EUR | -17% |
| Validation Manager | 2,630 EUR | -28% |
| Vice President | 3,810 EUR | +5% |
| Zone Manager | 3,470 EUR | -5% |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Cyprus is 18% on average across all career fields.
| Private Sector | 1,950 EUR | |
| Public Sector | +18% | 2,300 EUR |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Chief Operating Officer in Cyprus?
A good and competitive compensation would range anywhere between 3,450 EUR and 3,960 EUR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Chief Operating Officer in Cyprus ranges from 1,710 EUR to 2,790 EUR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
