A person working as Financial Compliance Analyst in Monaco typically earns around 4,650 EUR. Salaries range from 2,420 EUR (lowest) to 7,110 EUR (highest).
This is the average salary including housing, transport, and other benefits. Financial Compliance Analyst salaries in Monaco vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Minimum Salary 2,420 EUR |
Median 4,230 EUR |
Maximum 7,110 EUR |
Salaries for the position Financial Compliance Analyst in Monaco range from 2,420 EUR (starting salary) to 7,110 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.
With a median salary of 4,230 EUR, half of the professionals who work as Financial Compliance Analyst 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.
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 Financial Compliance Analyst in Monaco earn less than 3,510 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 4,800 EUR while 25% earn more.
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 Financial Compliance Analyst in Monaco compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 2,740 EUR to 3,750 EUR. About 20% of salaries are below the 2,740 EUR mark, while 10% fall within the range of 3,750 EUR to 4,210 EUR. Only 5% of individuals have salaries exceeding 4,210 EUR.
0 - 2 Years | 2,750 EUR | |
2 - 5 Years | +34% | 3,680 EUR |
5 - 10 Years | +30% | 4,790 EUR |
10 - 15 Years | +21% | 5,800 EUR |
15 - 20 Years | +9% | 6,340 EUR |
20+ Years | +5% | 6,670 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 Financial Compliance Analyst and this is what we found.
Employees with less than two years of experience earn approximately 2,750 EUR.
While someone with an experience level between two and five years is expected to earn 3,680 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 4,790 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 5,800 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 6,340 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 6,670 EUR, 5% more than people with fifteen to twenty years of experience.
High School | 3,310 EUR | |
Certificate or Diploma | +14% | 3,780 EUR |
Bachelor's Degree | +41% | 5,330 EUR |
Master's Degree | +21% | 6,450 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 Financial Compliance Analyst in order to make a comparison.
Employees at this education level have an average salary of 3,310 EUR.
At this level, the average salary becomes 3,780 EUR, 14% more than the previous level.
At this level, the average salary becomes 5,330 EUR, 41% more than the previous level.
At this level, the average salary becomes 6,450 EUR, 21% more than the previous level.
A Master's degree program or any post-graduate program in Monaco costs anywhere from 21,300 EUR to 63,800 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.
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 Financial Compliance Analyst in Monaco, the average difference between the salary of male and female employees is 11%.
Male | 4,950 EUR | |
Female | -10% | 4,450 EUR |
Individuals working as Financial Compliance Analyst in Monaco are likely to observe a salary increase of approximately 8% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
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.
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
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.
64% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 36% 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 | 36% | |
No Bonus | 64% |
The 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.
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.
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.
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.
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.
The minimum pay rate per hour for people working as Financial Compliance Analyst in Monaco is 14 EUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Job Title | Average Salary |
Accounting and Finance | -100% | |
Account Examiner | 2,360 EUR | -49% |
Account Executive | 3,710 EUR | -20% |
Accountant | 2,920 EUR | -37% |
Accounting Analyst | 3,890 EUR | -16% |
Accounting Assistant | 2,450 EUR | -47% |
Accounting Associate | 2,410 EUR | -48% |
Accounting Clerk | 1,980 EUR | -57% |
Accounting Coordinator | 2,770 EUR | -40% |
Accounting Head | 5,700 EUR | +23% |
Accounting Manager | 6,160 EUR | +33% |
Accounting Officer | 2,340 EUR | -50% |
Accounting Specialist | 4,200 EUR | -10% |
Accounting Supervisor | 4,250 EUR | -9% |
Accounting Technician | 2,220 EUR | -52% |
Accounting Unit Controller | 4,900 EUR | +5% |
Accounts Executive | 3,660 EUR | -21% |
Accounts Officer | 2,420 EUR | -48% |
Accounts Payable and Receivable Specialist | 3,110 EUR | -33% |
Accounts Payable Assistant | 2,630 EUR | -43% |
Accounts Payable Associate | 2,800 EUR | -40% |
Accounts Payable Clerk | 2,460 EUR | -47% |
Accounts Payable Manager | 5,660 EUR | +22% |
Accounts Receivable Administrator | 4,240 EUR | -9% |
Accounts Receivable Clerk | 2,420 EUR | -48% |
Accounts Receivable Financial Analyst | 4,100 EUR | -12% |
Accounts Receivable Manager | 5,480 EUR | +18% |
Accounts Receivable Team Leader | 4,460 EUR | -4% |
Algorithmic Trading Specialist | 5,150 EUR | +11% |
Assistant Accountant | 2,380 EUR | -49% |
Assistant Accounting Manager | 5,580 EUR | +20% |
Assistant Auditor | 3,040 EUR | -35% |
Assistant Corporate Controller | 4,280 EUR | -8% |
Assistant Finance Manager | 6,190 EUR | +33% |
Assistant Financial Controller | 4,110 EUR | -12% |
Audit Director | 6,870 EUR | +48% |
Audit Supervisor | 5,220 EUR | +12% |
Auditing Clerk | 2,420 EUR | -48% |
Auditing Manager | 6,320 EUR | +36% |
Billing Clerk | 2,360 EUR | -49% |
Billing Coordinator | 2,870 EUR | -38% |
Billing Specialist | 3,270 EUR | -30% |
Billing Supervisor | 4,390 EUR | -6% |
Bookkeeper | 2,150 EUR | -54% |
Bookkeeping Specialist | 2,910 EUR | -37% |
Budget Analyst | 5,330 EUR | +15% |
Budget Manager | 5,970 EUR | +28% |
Business Support Analyst | 3,390 EUR | -27% |
Capital Markets Associate | 4,290 EUR | -8% |
Cash Flow Analyst | 4,640 EUR | -0% |
Cash Management Manager | 5,640 EUR | +21% |
Cash Management Officer | 3,550 EUR | -24% |
Cashbook Clerk | 2,110 EUR | -55% |
Chartered Accountant | 3,690 EUR | -21% |
Chief Accountant | 4,610 EUR | -1% |
Chief Financial Technology Officer | 6,270 EUR | +35% |
Collections Clerk | 2,050 EUR | -56% |
Collections Representative | 2,630 EUR | -43% |
Collections Specialist | 3,040 EUR | -35% |
Corporate Controller | 4,830 EUR | +4% |
Corporate Treasurer | 5,440 EUR | +17% |
Cost Accountant | 3,210 EUR | -31% |
Cost Accounting Manager | 5,880 EUR | +27% |
Cost Accounting Supervisor | 4,600 EUR | -1% |
Cost Analyst | 4,510 EUR | -3% |
Credit and Collection Manager | 5,800 EUR | +25% |
Credit and Collection Staff | 2,480 EUR | -47% |
Credit and Loans Officer | 2,300 EUR | -51% |
Credit Controller | 4,130 EUR | -11% |
Credit Manager | 6,310 EUR | +36% |
Debt Adviser | 4,920 EUR | +6% |
Debt Collector | 2,660 EUR | -43% |
Debtors Clerk | 2,290 EUR | -51% |
Debtors Controller | 2,340 EUR | -50% |
Deputy CFO | 7,710 EUR | +66% |
Deputy Head of Finance | 7,580 EUR | +63% |
Derivative Trader | 5,220 EUR | +12% |
Director of Finance | 8,300 EUR | +79% |
E-commerce Accountant | 3,070 EUR | -34% |
Economist | 6,880 EUR | +48% |
Equity Analyst | 5,350 EUR | +15% |
Escrow Assistant | 2,730 EUR | -41% |
Executive Accountant | 3,550 EUR | -24% |
External Auditor | 4,120 EUR | -11% |
Finance Administrator | 3,560 EUR | -23% |
Finance Analyst | 5,220 EUR | +12% |
Finance Associate | 2,850 EUR | -39% |
Finance Data Analyst | 4,880 EUR | +5% |
Finance Director | 8,390 EUR | +81% |
Finance Executive | 6,080 EUR | +31% |
Finance Licensing Clerk | 2,350 EUR | -49% |
Finance Licensing Manager | 5,370 EUR | +16% |
Finance Licensing Specialist | 3,310 EUR | -29% |
Finance Manager | 8,320 EUR | +79% |
Finance Officer | 2,830 EUR | -39% |
Finance President | 8,640 EUR | +86% |
Finance Relationship Manager | 6,410 EUR | +38% |
Finance Release Analyst | 3,520 EUR | -24% |
Finance Specialist | 4,760 EUR | +2% |
Finance Team Leader | 6,460 EUR | +39% |
Financial Accountant | 3,040 EUR | -35% |
Financial Actuary | 4,730 EUR | +2% |
Financial Administrator | 5,070 EUR | +9% |
Financial Advisor | 5,420 EUR | +17% |
Financial Analyst | 5,300 EUR | +14% |
Financial Applications Specialist | 3,900 EUR | -16% |
Financial Assistant | 2,480 EUR | -47% |
Financial Associate | 2,610 EUR | -44% |
Financial Claims Analyst | 4,060 EUR | -13% |
Financial Claims Manager | 5,490 EUR | +18% |
Financial Claims Supervisor | 4,830 EUR | +4% |
Financial Clerk | 2,490 EUR | -46% |
Financial Commercial Analyst | 4,170 EUR | -10% |
Financial Compliance Analyst | 4,650 EUR | +0% |
Financial Compliance Officer | 4,520 EUR | -3% |
Financial Consultant | 3,860 EUR | -17% |
Financial Controller | 4,770 EUR | +3% |
Financial Coordinator | 2,840 EUR | -39% |
Financial Customer Service Manager | 5,260 EUR | +13% |
Financial Data Scientist | 5,480 EUR | +18% |
Financial Dealer and Broker | 3,170 EUR | -32% |
Financial Director | 8,420 EUR | +81% |
Financial Encoder | 2,630 EUR | -43% |
Financial Manager | 7,690 EUR | +65% |
Financial Modelling Analyst | 5,530 EUR | +19% |
Financial Operations Manager | 7,430 EUR | +60% |
Financial Policy Analyst | 4,650 EUR | +0% |
Financial Project Manager | 6,090 EUR | +31% |
Financial Quantitative Analyst | 4,910 EUR | +6% |
Financial Reporting Consultant | 4,430 EUR | -5% |
Financial Reporting Manager | 5,660 EUR | +22% |
Financial Section Head | 5,830 EUR | +25% |
Financial Services Manager | 7,280 EUR | +57% |
Financial Services Sales Agent | 3,210 EUR | -31% |
Financial Technology Consultant | 4,610 EUR | -1% |
Financial Wellness Coach | 6,170 EUR | +33% |
FinTech Analyst | 4,930 EUR | +6% |
Fixed Assets Administrator | 3,220 EUR | -31% |
Forensic Accountant | 3,380 EUR | -27% |
Fraud Detection Supervisor | 3,810 EUR | -18% |
Fraud Prevention Manager | 5,740 EUR | +23% |
Fund Accountant | 2,980 EUR | -36% |
Grants Coordinator | 2,470 EUR | -47% |
Green Finance Analyst | 4,580 EUR | -1% |
Group Financial Manager | 8,570 EUR | +84% |
Internal Auditor | 4,110 EUR | -12% |
Internal Control Adviser | 4,770 EUR | +3% |
Internal Control Officer | 2,620 EUR | -44% |
International Tax Director | 7,240 EUR | +56% |
Inventory Accountant | 3,060 EUR | -34% |
Investment Advisor | 8,100 EUR | +74% |
Investment Analyst | 5,730 EUR | +23% |
Investment Associate | 5,160 EUR | +11% |
Investment Broker | 5,120 EUR | +10% |
Investment Fund Manager | 6,370 EUR | +37% |
Investment Operations Manager | 6,320 EUR | +36% |
Investment Underwriter | 2,730 EUR | -41% |
Investor | 3,940 EUR | -15% |
Investor Relations Manager | 5,620 EUR | +21% |
KYC Team Leader | 5,720 EUR | +23% |
Loan Processor | 2,640 EUR | -43% |
Management Accountant | 3,290 EUR | -29% |
Management Economist | 6,460 EUR | +39% |
Paymaster | 2,460 EUR | -47% |
Payroll Administrator | 4,130 EUR | -11% |
Payroll Benefits Coordinator | 3,350 EUR | -28% |
Payroll Billing Manager | 5,560 EUR | +20% |
Payroll Clerk | 2,680 EUR | -42% |
Payroll Manager | 5,510 EUR | +19% |
Payroll Officer | 2,660 EUR | -43% |
Payroll Specialist | 3,260 EUR | -30% |
Payroll Supervisor | 3,720 EUR | -20% |
Pensions Administrator | 3,100 EUR | -33% |
Personal Financial Advisor | 4,410 EUR | -5% |
Pricing Analyst | 5,030 EUR | +8% |
Private Equity Analyst | 5,000 EUR | +8% |
Project Accountant | 3,290 EUR | -29% |
Proposal Development Coordinator | 2,650 EUR | -43% |
Quantitative Trader | 4,370 EUR | -6% |
Receivables Accountant | 2,920 EUR | -37% |
Regulatory Accountant | 3,330 EUR | -28% |
Retirement Plan Analyst | 4,830 EUR | +4% |
Revenue Management Specialist | 4,720 EUR | +2% |
Revenue Recognition Analyst | 5,640 EUR | +21% |
Risk Management Director | 7,210 EUR | +55% |
Risk Management Supervisor | 5,660 EUR | +22% |
Staff Accountant | 3,080 EUR | -34% |
Tax Accountant | 2,830 EUR | -39% |
Tax Administrator | 3,370 EUR | -27% |
Tax Advisor | 4,370 EUR | -6% |
Tax Analyst | 4,560 EUR | -2% |
Tax Associate | 2,690 EUR | -42% |
Tax Consultant | 4,930 EUR | +6% |
Tax Director | 6,630 EUR | +43% |
Tax Examiner | 3,200 EUR | -31% |
Tax Manager | 6,080 EUR | +31% |
Tax Research Manager | 5,730 EUR | +23% |
Teller | 1,970 EUR | -58% |
Treasury Accountant | 3,190 EUR | -31% |
Treasury Analyst | 4,710 EUR | +1% |
Underwriter | 2,280 EUR | -51% |
Underwriting Assistant | 2,040 EUR | -56% |
Vice President of Finance | 8,080 EUR | +74% |
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 |
A good and competitive compensation would range anywhere between 4,230 EUR and 4,800 EUR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
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.
The base salary for a careers like Financial Compliance Analyst in Monaco ranges from 2,420 EUR to 3,510 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.
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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