Information Technology Director Average Salary in Cyprus 2024
How much money does a person working as Information Technology Director make in Cyprus?
LOW
1,760
EUR AVERAGE
3,580
EUR HIGH
5,590
EUR
A person working as Information Technology Director in Cyprus typically earns around 3,580 EUR. Salaries range from 1,760 EUR (lowest) to 5,590 EUR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Information Technology Director salaries in Cyprus vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Information Technology Director Pay Scale and Salaries in Cyprus
Salary Structure and Pay Scale Comparison
3,320 EUR or more
2,940 to 3,320 EUR
2,080 EUR or less
2,080 to 2,940 EUR
 1,760 EUR |
3,340 EUR |
5,590 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 Information Technology Director in Cyprus range from 1,760 EUR (starting salary) to 5,590 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 3,340 EUR, half of the professionals who work as Information Technology Director 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 Information Technology Director in Cyprus earn less than 2,730 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 3,820 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 Information Technology Director in Cyprus compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 2,080 EUR to 2,940 EUR. About 20% of salaries are below the 2,080 EUR mark, while 10% fall within the range of 2,940 EUR to 3,320 EUR. Only 5% of individuals have salaries exceeding 3,320 EUR.
Salary Comparison by Years of Experience / Information Technology Director / Cyprus
How do experience and age affect pay?
| 0 - 2 Years | 2,080 EUR | |
| 2 - 5 Years | +29% | 2,680 EUR |
| 5 - 10 Years | +38% | 3,690 EUR |
| 10 - 15 Years | +24% | 4,570 EUR |
| 15 - 20 Years | +7% | 4,900 EUR |
| 20+ Years | +7% | 5,230 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 Information Technology Director and this is what we found.
Employees with less than two years of experience earn approximately 2,080 EUR.
While someone with an experience level between two and five years is expected to earn 2,680 EUR, 29% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 3,690 EUR, 38% 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 4,570 EUR, 24% 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 4,900 EUR, 7% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 5,230 EUR, 7% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Information Technology Director / Cyprus
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Information Technology Director.
| Certificate or Diploma | 2,680 EUR | |
| Bachelor's Degree | +34% | 3,600 EUR |
| Master's Degree | +53% | 5,510 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 Information Technology Director in order to make a comparison.
Level 1: Certificate or Diploma
Employees at this education level have an average salary of 2,680 EUR.
Level 2: Bachelor's Degree
At this level, the average salary becomes 3,600 EUR, 34% more than the previous level.
Level 3: Master's Degree
At this level, the average salary becomes 5,510 EUR, 53% 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 / Information Technology Director / 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 Information Technology Director in Cyprus, the average difference between the salary of male and female employees is 6%.
| Male | 3,680 EUR | |
| Female | -6% | 3,470 EUR |
Salary Comparison By Gender in Cyprus for all Careers
Average Annual Salary Increment Percentage / Information Technology Director / Cyprus
How much are annual salary increments in Cyprus for individuals working as Information Technology Director? How often do employees get salary raises?
Individuals working as Information Technology Director in Cyprus are likely to observe a salary increase of approximately 10% every 29 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 / Information Technology Director / Cyprus
How much and how often are bonuses being awarded?
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35% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 65% 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 | 65% | |
| No Bonus | 35% |
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 / Information Technology Director / Cyprus
21 EUR per hourThe average hourly wage (pay per hour) for individuals working as Information Technology Director 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 Information Technology Director 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 |
| Information Technology |  -100% | |
| Assistant Information Technology Manager | 2,520 EUR | -30% |
| Assistant Information Technology Project Manager | 2,420 EUR | -32% |
| Assistant Service Delivery Manager | 2,380 EUR | -34% |
| Capacity Planning Manager | 2,750 EUR | -23% |
| Chief Artificial Intelligence Officer | 3,450 EUR | -4% |
| Chief Cloud Officer | 3,000 EUR | -16% |
| Chief Data Governance Officer | 3,250 EUR | -9% |
| Chief Data Officer | 3,160 EUR | -12% |
| Chief Digital Ethics Officer | 2,850 EUR | -20% |
| Chief Digital Officer | 2,960 EUR | -17% |
| Chief Information Officer | 3,530 EUR | -1% |
| Chief Innovation Officer | 2,810 EUR | -22% |
| Chief Privacy Officer | 2,480 EUR | -31% |
| Client Delivery Manager | 2,780 EUR | -22% |
| Cloud-Based Inventory Manager | 2,200 EUR | -39% |
| Data Governance Manager | 2,760 EUR | -23% |
| Data Privacy and Protection Manager | 2,610 EUR | -27% |
| Delivery Manager | 2,050 EUR | -43% |
| Development Architect | 1,910 EUR | -47% |
| Development Group Supervisor | 2,190 EUR | -39% |
| Development Manager | 2,900 EUR | -19% |
| Director of Technology | 3,610 EUR |  +1% |
| Enterprise Architecture Manager | 2,510 EUR | -30% |
| Enterprise Infrastructure Manager | 3,260 EUR | -9% |
| ERP Project Manager | 2,730 EUR | -24% |
| Financial Systems Manager | 3,130 EUR | -13% |
| Hardware Engineering Manager | 2,970 EUR | -17% |
| Head of Development | 2,900 EUR | -19% |
| Head of Information Technology | 3,430 EUR | -4% |
| Helpdesk Manager | 2,270 EUR | -37% |
| Information Systems Manager | 3,220 EUR | -10% |
| Information Technology Asset Manager | 2,820 EUR | -21% |
| Information Technology Compliance Manager | 2,890 EUR | -19% |
| Information Technology Director | 3,580 EUR | -0% |
| Information Technology Executive | 2,840 EUR | -21% |
| Information Technology Manager | 3,510 EUR | -2% |
| Information Technology Operations Manager | 3,220 EUR | -10% |
| Information Technology Product Manager | 2,950 EUR | -18% |
| Information Technology Project Coordinator | 2,180 EUR | -39% |
| Information Technology Project Leader | 2,410 EUR | -33% |
| Information Technology Project Manager | 3,270 EUR | -9% |
| Information Technology Quality Assurance Manager | 2,400 EUR | -33% |
| Information Technology Quality Assurance Team Lead (QA) | 2,160 EUR | -40% |
| Information Technology Risk Manager | 3,230 EUR | -10% |
| Information Technology Sales Manager | 2,890 EUR | -19% |
| Information Technology Team Leader | 2,400 EUR | -33% |
| Interface Design Manager | 2,700 EUR | -25% |
| Major Incident Manager | 2,360 EUR | -34% |
| Multimedia Services Manager | 2,240 EUR | -37% |
| Network Administration Team Lead | 2,420 EUR | -32% |
| Network and Infrastructure Manager | 3,050 EUR | -15% |
| Service Delivery Manager | 2,600 EUR | -27% |
| Service Level Manager | 2,670 EUR | -25% |
| Service Support Lead | 1,990 EUR | -44% |
| SOC Engineer | 2,060 EUR | -43% |
| Supervisor | 1,430 EUR | -60% |
| Support Team Leader | 1,880 EUR | -48% |
| Technical Manager | 2,290 EUR | -36% |
| Technical Project Manager | 2,710 EUR | -24% |
| Technology Director | 3,340 EUR | -7% |
| Technology Vice President | 2,860 EUR | -20% |
| Virtual / Augmented Reality Director | 2,920 EUR | -19% |
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 Information Technology Director in Cyprus?
A good and competitive compensation would range anywhere between 3,340 EUR and 3,820 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 Information Technology Director in Cyprus ranges from 1,760 EUR to 2,730 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
