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Arbitrator Average Salary in Greece 2024

How much money does a person working as Arbitrator make in Greece?


Average Monthly Salary
2,810 EUR
( 33,700 EUR yearly)

LOW
1,380
EUR
AVERAGE
2,810
EUR
HIGH
4,380
EUR
All salary figures displayed here are per month except when noted otherwise.
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.

A person working as Arbitrator in Greece typically earns around 2,810 EUR. Salaries range from 1,380 EUR (lowest) to 4,380 EUR (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Arbitrator salaries in Greece vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Arbitrator Pay Scale and Salaries in Greece

Median and salary distribution Greece Arbitrator monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
2,600 EUR or more
10% of people earn
2,300 to 2,600 EUR
20% of people earn
1,630 EUR or less
65% of people earn
1,630 to 2,300 EUR
Minimum Salary
1,380 EUR
Median
2,620 EUR
Maximum
4,380 EUR




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Arbitrator in Greece range from 1,380 EUR (starting salary) to 4,380 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 2,620 EUR, half of the professionals who work as Arbitrator in Greece 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 Arbitrator in Greece earn less than 2,140 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 2,990 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 Arbitrator in Greece compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 1,630 EUR to 2,300 EUR. About 20% of salaries are below the 1,630 EUR mark, while 10% fall within the range of 2,300 EUR to 2,600 EUR. Only 5% of individuals have salaries exceeding 2,600 EUR.

Salary Comparison by Years of Experience / Arbitrator / Greece

How do experience and age affect pay?

0 - 2 Years
1,630 EUR
2 - 5 Years+29%
2,100 EUR
5 - 10 Years+38%
2,890 EUR
10 - 15 Years+24%
3,580 EUR
15 - 20 Years+7%
3,840 EUR
20+ Years+7%
4,090 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Greece Arbitrator
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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 Arbitrator and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 1,630 EUR.

While someone with an experience level between two and five years is expected to earn 2,100 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 2,890 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 3,580 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 3,840 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 4,090 EUR, 7% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Arbitrator / Greece

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Arbitrator.

Bachelor's Degree
2,040 EUR
Master's Degree+61%
3,270 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Greece Arbitrator
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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 Arbitrator in order to make a comparison.


Level 1: Bachelor's Degree

Employees at this education level have an average salary of 2,040 EUR.


Level 2: Master's Degree

At this level, the average salary becomes 3,270 EUR, 61% 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 Greece costs anywhere from 12,200 EUR to 36,600 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 Comparison By Education Level
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Salary and Compensation Comparison By Gender / Arbitrator / Greece

Salary comparison by gender Greece Arbitrator monthly
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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 Arbitrator in Greece, the average difference between the salary of male and female employees is 7%.

Male
2,890 EUR
Female-7%
2,700 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Greece for all Careers

Salary comparison by gender monthly Greece
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Average Annual Salary Increment Percentage / Arbitrator / Greece

How much are annual salary increments in Greece for individuals working as Arbitrator? How often do employees get salary raises?

Individuals working as Arbitrator in Greece are likely to observe a salary increase of approximately 12% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 16 months.

Annual Salary Increment Rate Greece Arbitrator
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Greece / All Professions

Annual Salary Increment Rate Greece
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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

The average salary increase in one year (12 months) in Greece is 7%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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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 / Arbitrator / Greece

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Greece Arbitrator
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43% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 57% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
57%
No Bonus
43%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, 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 Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These 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 GeneratorsSupporting 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:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


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.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

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 / Arbitrator / Greece


16 EUR per hour

The average hourly wage (pay per hour) for individuals working as Arbitrator in Greece is 16 EUR.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

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 Arbitrator in Greece is 8 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 TitleAverage Salary
Legal-100%
Administrative Law Judge6,570 EUR+130%
Arbitrator2,810 EUR+0%
Associate Attorney2,970 EUR+6%
Attorney4,740 EUR+69%
Bailiff1,430 EUR-49%
Barrister1,220 EUR-57%
Blockchain Lawyer3,360 EUR+20%
Candidate Attorney2,540 EUR-10%
Conciliator2,330 EUR-17%
Contracts Associate1,510 EUR-46%
Contracts Manager2,520 EUR-10%
Contracts Negotiator2,110 EUR-25%
Contracts Specialist1,490 EUR-47%
Conveyancing Secretary1,260 EUR-55%
Corporate Counsel3,240 EUR+15%
Counsel3,290 EUR+17%
Court Clerk1,050 EUR-63%
Court Judicial Assistant1,720 EUR-39%
Court Liaison Specialist1,960 EUR-30%
Court Reporter1,750 EUR-38%
Court Representative1,330 EUR-53%
Crown Prosecution Service Lawyer6,110 EUR+120%
Data Privacy and Protection Lawyer4,050 EUR+44%
Digital Forensics Lawyer3,690 EUR+31%
E-discovery Lawyer4,160 EUR+48%
General Counsel5,650 EUR+100%
Genetics Lawyer4,760 EUR+70%
Immigration Executive3,060 EUR+9%
In House Counsel3,170 EUR+13%
Intellectual Property Lawyer4,360 EUR+55%
Intellectual Property Specialist2,170 EUR-23%
Judge Advocate5,130 EUR+83%
Law Clerk1,000 EUR-64%
Lawyer4,720 EUR+68%
Legal Administrative Assistant1,220 EUR-57%
Legal Advisor2,930 EUR+4%
Legal Assistant1,260 EUR-55%
Legal Associate2,140 EUR-24%
Legal Compliance Officer2,860 EUR+2%
Legal Consultant2,880 EUR+3%
Legal Content Writer2,560 EUR-9%
Legal Counsel3,200 EUR+14%
Legal Data Analyst2,600 EUR-7%
Legal Data Privacy Officer2,450 EUR-13%
Legal Editor2,110 EUR-25%
Legal Executive4,020 EUR+43%
Legal Executive Secretary1,320 EUR-53%
Legal IP Officer1,170 EUR-58%
Legal Officer1,460 EUR-48%
Legal Operations Manager4,960 EUR+77%
Legal Process Outsourcing Professional2,750 EUR-2%
Legal Project Manager5,410 EUR+93%
Legal Risk Analyst4,120 EUR+47%
Legal Secretary1,230 EUR-56%
Legal Services Director5,300 EUR+89%
Legal Services Manager5,050 EUR+80%
Legal Support Worker840 EUR-70%
Legal Technology Consultant2,240 EUR-20%
Legislative Liaison2,250 EUR-20%
Litigation Attorney5,860 EUR+110%
Litigation Paralegal2,840 EUR+1%
Litigation Support Specialist2,800 EUR-0%
Magistrate Judge6,900 EUR+150%
Paralegal1,770 EUR-37%
Patent Attorney3,510 EUR+25%
Privacy Compliance Officer2,320 EUR-17%
Privacy Lawyer3,970 EUR+41%
Social Media Lawyer3,620 EUR+29%
Staff Attorney3,680 EUR+31%
Venture Capital Lawyer4,900 EUR+75%
Web Content Lawyer3,720 EUR+33%

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 Greece is 6% on average across all career fields.

Private Sector
2,380 EUR
Public Sector+6%
2,530 EUR
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Arbitrator in Greece?

A good and competitive compensation would range anywhere between 2,620 EUR and 2,990 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 Arbitrator in Greece ranges from 1,380 EUR to 2,140 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


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