Asset Management Associate Average Salary in Monaco 2024
How much money does a person working as Asset Management Associate make in Monaco?
LOW
1,970
EUR AVERAGE
3,780
EUR HIGH
5,780
EUR
A person working as Asset Management Associate in Monaco typically earns around 3,780 EUR. Salaries range from 1,970 EUR (lowest) to 5,780 EUR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Asset Management Associate salaries in Monaco vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Asset Management Associate Pay Scale and Salaries in Monaco
Salary Structure and Pay Scale Comparison
3,420 EUR or more
3,050 to 3,420 EUR
2,230 EUR or less
2,230 to 3,050 EUR
 1,970 EUR |
3,440 EUR |
5,780 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 Asset Management Associate in Monaco range from 1,970 EUR (starting salary) to 5,780 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 3,440 EUR, half of the professionals who work as Asset Management Associate in Monaco 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 Asset Management Associate in Monaco earn less than 2,850 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 3,900 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 Asset Management Associate in Monaco compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 2,230 EUR to 3,050 EUR. About 20% of salaries are below the 2,230 EUR mark, while 10% fall within the range of 3,050 EUR to 3,420 EUR. Only 5% of individuals have salaries exceeding 3,420 EUR.
Salary Comparison by Years of Experience / Asset Management Associate / Monaco
How do experience and age affect pay?
| 0 - 2 Years | 2,230 EUR | |
| 2 - 5 Years | +34% | 3,000 EUR |
| 5 - 10 Years | +30% | 3,890 EUR |
| 10 - 15 Years | +21% | 4,710 EUR |
| 15 - 20 Years | +9% | 5,150 EUR |
| 20+ Years | +5% | 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 Asset Management Associate and this is what we found.
Employees with less than two years of experience earn approximately 2,230 EUR.
While someone with an experience level between two and five years is expected to earn 3,000 EUR, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 3,890 EUR, 30% 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 4,710 EUR, 21% 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 5,150 EUR, 9% 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, 5% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Asset Management Associate / Monaco
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Asset Management Associate.
| High School | 2,650 EUR | |
| Certificate or Diploma | +43% | 3,800 EUR |
| Bachelor's Degree | +38% | 5,250 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 Asset Management Associate in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 2,650 EUR.
Level 2: Certificate or Diploma
At this level, the average salary becomes 3,800 EUR, 43% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 5,250 EUR, 38% more than the previous level.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Asset Management Associate / Monaco
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 Asset Management Associate in Monaco, the average difference between the salary of male and female employees is 11%.
| Male | 4,030 EUR | |
| Female | -10% | 3,620 EUR |
Salary Comparison By Gender in Monaco for all Careers
Average Annual Salary Increment Percentage / Asset Management Associate / Monaco
How much are annual salary increments in Monaco for individuals working as Asset Management Associate? How often do employees get salary raises?
Individuals working as Asset Management Associate in Monaco are likely to observe a salary increase of approximately 6% every 30 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
Monaco / 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 / Asset Management Associate / Monaco
How much and how often are bonuses being awarded?
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65% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 35% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 3% to 5% of their annual salary.
| Received Bonus | 35% | |
| No Bonus | 65% |
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 / Asset Management Associate / Monaco
22 EUR per hourThe average hourly wage (pay per hour) for individuals working as Asset Management Associate in Monaco is 22 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 Asset Management Associate in Monaco is 11 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 |
| Purchasing and Inventory |  -100% | |
| Asset Management Associate | 3,780 EUR | = |
| Asset Protection Associate | 3,610 EUR | -4% |
| Asset Protection Specialist | 3,960 EUR |  +5% |
| Assistant Buyer | 3,610 EUR | -4% |
| Buyer | 5,580 EUR | +48% |
| Capacity Planner | 4,290 EUR | +13% |
| Category Leader | 4,080 EUR | +8% |
| Category Management Specialist | 3,950 EUR | +4% |
| Category Manager | 4,310 EUR | +14% |
| Channel Services Representative | 4,170 EUR | +10% |
| Contracts Manager | 4,460 EUR | +18% |
| Contracts Specialist | 3,760 EUR | -1% |
| Demand Planner | 4,130 EUR | +9% |
| Demand Planning Manager | 4,910 EUR | +30% |
| Digital Procurement Manager | 4,230 EUR | +12% |
| Distribution Assistant | 3,450 EUR | -9% |
| Distribution Associate | 3,300 EUR | -13% |
| Distribution Manager | 7,230 EUR | +91% |
| E-Commerce Buyer | 3,970 EUR | +5% |
| E-procurement Specialist | 4,420 EUR | +17% |
| Freight and Customs Compliance Manager | 4,840 EUR | +28% |
| Green Procurement Specialist | 4,180 EUR | +11% |
| Inventory Analyst | 3,590 EUR | -5% |
| Inventory Analytics Manager | 3,640 EUR | -4% |
| Inventory Control Clerk | 2,090 EUR | -45% |
| Inventory Control Manager | 5,050 EUR | +34% |
| Inventory Management Associate | 3,930 EUR | +4% |
| Inventory Optimization Manager | 4,580 EUR | +21% |
| Inventory Specialist | 3,710 EUR | -2% |
| Logistics Automation Engineer | 3,960 EUR | +5% |
| Logistics Engineer | 3,590 EUR | -5% |
| Master Planner | 3,630 EUR | -4% |
| Material Handler | 2,480 EUR | -34% |
| Material Planning Specialist | 3,180 EUR | -16% |
| Merchandise Manager | 4,230 EUR | +12% |
| Procurement Administrator | 4,640 EUR | +23% |
| Procurement Agent | 3,160 EUR | -16% |
| Procurement Analyst | 4,710 EUR | +25% |
| Procurement Assistant | 2,980 EUR | -21% |
| Procurement Associate | 3,940 EUR | +4% |
| Procurement Clerk | 1,940 EUR | -49% |
| Procurement Engineer | 3,860 EUR | +2% |
| Procurement Manager | 7,170 EUR | +90% |
| Procurement Officer | 2,020 EUR | -47% |
| Procurement Process Analyst | 4,230 EUR | +12% |
| Procurement Risk Manager | 4,480 EUR | +19% |
| Procurement Specialist | 3,670 EUR | -3% |
| Procurement Technology Consultant | 4,290 EUR | +13% |
| Production Planner | 4,120 EUR | +9% |
| Project Buyer | 4,840 EUR | +28% |
| Purchaser | 5,710 EUR | +51% |
| Purchasing Agent | 3,400 EUR | -10% |
| Purchasing Assistant | 2,170 EUR | -43% |
| Purchasing Manager | 7,730 EUR | +100% |
| Purchasing Officer | 3,620 EUR | -4% |
| Purchasing Supervisor | 5,120 EUR | +35% |
| Shipping and Receiving Clerk | 2,030 EUR | -46% |
| Shipping Coordinator | 3,750 EUR | -1% |
| Stock Clerk | 2,190 EUR | -42% |
| Stock Regulator | 2,450 EUR | -35% |
| Storage Manager | 4,550 EUR | +20% |
| Store Keeper | 2,020 EUR | -47% |
| Stores and Logistics Coordinator | 3,880 EUR | +3% |
| Strategic Sourcing Analyst | 5,140 EUR | +36% |
| Supplier Diversity Program Manager | 4,930 EUR | +30% |
| Supplier Relationship Manager | 5,440 EUR | +44% |
| Supply Chain Analyst | 5,330 EUR | +41% |
| Supply Chain Coordinator | 4,180 EUR | +11% |
| Supply Chain Development Manager | 6,920 EUR | +83% |
| Supply Chain Director | 7,370 EUR | +95% |
| Supply Chain Manager | 7,490 EUR | +98% |
| Supply Planner | 3,800 EUR | +1% |
| Sustainability Procurement Specialist | 5,090 EUR | +35% |
| Sustainable Sourcing Specialist | 4,030 EUR | +7% |
| Sustainable Supply Chain Manager | 5,500 EUR | +46% |
| Third Party Logistics Manager | 5,960 EUR | +58% |
| Vendor Management Specialist | 5,120 EUR | +35% |
| Warehouse Assistant | 1,680 EUR | -56% |
| Warehouse Automation Engineer | 3,890 EUR | +3% |
| Warehouse Clerk | 1,740 EUR | -54% |
| Warehouse Executive | 6,310 EUR | +67% |
| Warehouse Lead | 4,470 EUR | +18% |
| Warehouse Manager | 6,270 EUR | +66% |
| Warehouse Supervisor | 4,740 EUR | +25% |
| Wholesale Buyer | 5,760 EUR | +52% |
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 Monaco is 10% on average across all career fields.
| Private Sector | 4,130 EUR | |
| Public Sector | +10% | 4,550 EUR |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Asset Management Associate in Monaco?
A good and competitive compensation would range anywhere between 3,440 EUR and 3,900 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 Asset Management Associate in Monaco ranges from 1,970 EUR to 2,850 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
