Phlebotomy Technician Average Salary in Monaco 2024
How much money does a person working as Phlebotomy Technician make in Monaco?
LOW
1,330
EUR AVERAGE
2,830
EUR HIGH
4,480
EUR
A person working as Phlebotomy Technician in Monaco typically earns around 2,830 EUR. Salaries range from 1,330 EUR (lowest) to 4,480 EUR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Phlebotomy Technician salaries in Monaco vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Phlebotomy Technician Pay Scale and Salaries in Monaco
Salary Structure and Pay Scale Comparison
2,670 EUR or more
2,340 to 2,670 EUR
1,630 EUR or less
1,630 to 2,340 EUR
 1,330 EUR |
2,690 EUR |
4,480 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 Phlebotomy Technician in Monaco range from 1,330 EUR (starting salary) to 4,480 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 2,690 EUR, half of the professionals who work as Phlebotomy Technician 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 Phlebotomy Technician in Monaco earn less than 2,180 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 3,090 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 Phlebotomy Technician in Monaco compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 1,630 EUR to 2,340 EUR. About 20% of salaries are below the 1,630 EUR mark, while 10% fall within the range of 2,340 EUR to 2,670 EUR. Only 5% of individuals have salaries exceeding 2,670 EUR.
Salary Comparison by Years of Experience / Phlebotomy Technician / Monaco
How do experience and age affect pay?
| 0 - 2 Years | 1,540 EUR | |
| 2 - 5 Years | +38% | 2,120 EUR |
| 5 - 10 Years | +42% | 3,020 EUR |
| 10 - 15 Years | +22% | 3,680 EUR |
| 15 - 20 Years | +6% | 3,880 EUR |
| 20+ Years | +9% | 4,230 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 Phlebotomy Technician and this is what we found.
Employees with less than two years of experience earn approximately 1,540 EUR.
While someone with an experience level between two and five years is expected to earn 2,120 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 3,020 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 3,680 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 3,880 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 4,230 EUR, 9% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Phlebotomy Technician / Monaco
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Phlebotomy Technician.
| Certificate or Diploma | 1,840 EUR | |
| Bachelor's Degree | +58% | 2,910 EUR |
| Master's Degree | +39% | 4,040 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 Phlebotomy Technician in order to make a comparison.
Level 1: Certificate or Diploma
Employees at this education level have an average salary of 1,840 EUR.
Level 2: Bachelor's Degree
At this level, the average salary becomes 2,910 EUR, 58% more than the previous level.
Level 3: Master's Degree
At this level, the average salary becomes 4,040 EUR, 39% 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 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.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Phlebotomy Technician / 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 Phlebotomy Technician in Monaco, the average difference between the salary of male and female employees is 14%.
| Male | 3,040 EUR | |
| Female | -12% | 2,670 EUR |
Salary Comparison By Gender in Monaco for all Careers
Average Annual Salary Increment Percentage / Phlebotomy Technician / Monaco
How much are annual salary increments in Monaco for individuals working as Phlebotomy Technician? How often do employees get salary raises?
Individuals working as Phlebotomy Technician in Monaco are likely to observe a salary increase of approximately 6% every 28 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 / Phlebotomy Technician / Monaco
How much and how often are bonuses being awarded?
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85% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 15% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 0% to 4% of their annual salary.
| Received Bonus | 15% | |
| No Bonus | 85% |
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 / Phlebotomy Technician / Monaco
16 EUR per hourThe average hourly wage (pay per hour) for individuals working as Phlebotomy Technician in Monaco is 16 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 Phlebotomy Technician in Monaco 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 Title | Average Salary |
| Health and Medical |  -100% | |
| Academic Clinician | 7,770 EUR |  +170% |
| Admitting Officer | 3,260 EUR | +15% |
| Ambulance Attendant | 3,260 EUR | +15% |
| Ambulance Dispatcher | 3,450 EUR | +22% |
| Ambulance Driver | 3,010 EUR | +6% |
| Ambulance Officer and Paramedic | 3,640 EUR | +28% |
| Ambulatory Services Director | 6,080 EUR | +110% |
| Anatomic Pathology Supervisor | 7,180 EUR | +150% |
| Anesthesia Technician | 4,660 EUR | +64% |
| Anesthesiologist | 12,700 EUR | +350% |
| Anesthesiology Assistant | 4,720 EUR | +67% |
| Artificial Intelligence Healthcare Specialist | 5,690 EUR | +100% |
| Assistant Optometrist | 3,830 EUR | +35% |
| Audiologist | 7,250 EUR | +160% |
| Biohacking Expert | 6,060 EUR | +110% |
| Biomedical Engineering Director | 5,530 EUR | +95% |
| Biomedical Engineering Technician | 3,180 EUR | +12% |
| Cardiac Technician | 3,210 EUR | +13% |
| Cardiovascular Specialist | 16,100 EUR | +470% |
| Cardiovascular Technologist | 5,970 EUR | +110% |
| Central Service Technician | 3,580 EUR | +26% |
| Central Sterile Processing Technician | 3,670 EUR | +30% |
| Certified Clinical Research Coordinator | 3,940 EUR | +39% |
| Certified Respiratory Therapist | 6,400 EUR | +130% |
| Charge Entry Specialist | 3,890 EUR | +37% |
| Clinical Application Specialist | 4,080 EUR | +44% |
| Clinical Biochemist | 7,350 EUR | +160% |
| Clinical Cytogeneticist | 5,960 EUR | +110% |
| Clinical Data Reviewer | 3,850 EUR | +36% |
| Clinical Development Specialist | 4,940 EUR | +74% |
| Clinical Documentation Specialist | 5,870 EUR | +110% |
| Clinical Field Associate | 3,790 EUR | +34% |
| Clinical Genetic Technologist | 6,070 EUR | +110% |
| Clinical Laboratory Technician | 3,600 EUR | +27% |
| Clinical Microbiologist | 8,080 EUR | +190% |
| Clinical Molecular Geneticist | 6,400 EUR | +130% |
| Clinical Neuropsychologist | 8,080 EUR | +190% |
| Clinical Research Coordinator | 4,540 EUR | +60% |
| Clinical Scientist | 8,130 EUR | +190% |
| Clinician | 7,670 EUR | +170% |
| CME Specialist | 6,370 EUR | +120% |
| Contact Tracer | 3,700 EUR | +31% |
| CT Technologist | 4,140 EUR | +46% |
| Cytogenetic Technologist | 5,680 EUR | +100% |
| Diagnostic Medical Sonographer | 4,510 EUR | +59% |
| Dispensing Optician | 3,960 EUR | +40% |
| Dosimetrist | 5,730 EUR | +100% |
| EKG Technician | 3,730 EUR | +32% |
| Endoscopic Assistant | 3,620 EUR | +28% |
| Endoscopy Technician | 3,420 EUR | +21% |
| Enterostomal Therapist | 5,550 EUR | +96% |
| Epidemiologist | 6,660 EUR | +140% |
| FGP Ultrasound Techncian | 3,500 EUR | +24% |
| Geriatric Care Technologist | 5,370 EUR | +90% |
| Health Data Analyst | 3,740 EUR | +32% |
| Health Informatics Specialist | 3,940 EUR | +39% |
| Health Information Exchange Specialist | 4,620 EUR | +63% |
| Health Systems Specialist | 4,890 EUR | +73% |
| Health Technologist | 5,680 EUR | +100% |
| Healthcare Data Analyst | 3,950 EUR | +39% |
| Healthcare Data Scientist | 5,820 EUR | +110% |
| Healthcare Information Technology Specialist | 5,120 EUR | +81% |
| Healthcare Robotics Engineer | 4,230 EUR | +49% |
| Hearing Aid Specialist | 4,350 EUR | +54% |
| Hemodialysis Technician | 4,060 EUR | +43% |
| Histology Technician | 3,530 EUR | +25% |
| Histotechnologist | 5,150 EUR | +82% |
| ICD-10 Coder | 3,160 EUR | +12% |
| Immunologist | 7,510 EUR | +170% |
| Industrial Hygienist | 5,410 EUR | +91% |
| Infection Control Coordinator | 3,800 EUR | +34% |
| Infection Control Practitioner | 8,260 EUR | +190% |
| Infection Preventionist | 6,270 EUR | +120% |
| Informatics Practice Specialist | 4,480 EUR | +58% |
| Interventional Radiographer | 6,590 EUR | +130% |
| Lab Assistant | 3,380 EUR | +19% |
| Laboratory Manager | 5,910 EUR | +110% |
| Laboratory Supervisor | 5,200 EUR | +84% |
| Laboratory Technician | 3,400 EUR | +20% |
| Low Vision Therapist | 6,840 EUR | +140% |
| Mammography Technician | 3,390 EUR | +20% |
| Medical Coder | 2,980 EUR | +5% |
| Medical Courier | 2,500 EUR | -12% |
| Medical Equipment Preparer | 3,480 EUR | +23% |
| Medical Forms Designer | 2,920 EUR | +3% |
| Medical Physicist | 8,790 EUR | +210% |
| Medical Technologist | 3,700 EUR | +31% |
| MRI Technologist | 3,300 EUR | +16% |
| Music Therapist | 4,770 EUR | +68% |
| Neonatologist | 8,780 EUR | +210% |
| Neurodiagnostic Techncian | 3,610 EUR | +27% |
| Neuropsychology Testing Assistant | 3,020 EUR | +7% |
| Nuclear Medical Technician | 4,660 EUR | +64% |
| Nuclear Medicine Technolgoist | 4,800 EUR | +69% |
| Nutrition Assistant | 3,350 EUR | +18% |
| Occupaitional Therapy Assistant | 3,410 EUR | +20% |
| Operating Room Scheduler | 3,010 EUR | +6% |
| Operating Room Services Director | 9,100 EUR | +220% |
| Ophthalmic Assistant | 3,740 EUR | +32% |
| Ophthalmic Laboratory Technician | 3,530 EUR | +25% |
| Ophthalmic Medical Technician | 3,680 EUR | +30% |
| Ophthalmic Technologist | 3,470 EUR | +22% |
| Optician | 7,150 EUR | +150% |
| Orthopedic Technician | 3,730 EUR | +32% |
| Orthoptist | 8,770 EUR | +210% |
| Orthotist | 9,160 EUR | +220% |
| Pathology Assistant | 3,330 EUR | +18% |
| Perfusionist | 10,200 EUR | +260% |
| Phlebotomist | 2,570 EUR | -9% |
| Phlebotomy Technician | 2,830 EUR | -0% |
| Positron Emission Tomography Technologist | 3,900 EUR | +38% |
| Pre Authorization Case Manager | 4,900 EUR | +73% |
| Prosthetist | 8,050 EUR | +180% |
| Radiation Therapist | 11,300 EUR | +300% |
| Radiation Therapy Technologist | 4,680 EUR | +65% |
| Radiographer | 7,270 EUR | +160% |
| Radiography Technologist | 4,880 EUR | +72% |
| Radiologic Technologist | 4,940 EUR | +74% |
| Radiology Technologist | 4,580 EUR | +62% |
| Remote Patient Monitoring Specialist | 4,380 EUR | +55% |
| Respiratory Care Practitioner | 8,360 EUR | +200% |
| Respiratory Therapist | 6,270 EUR | +120% |
| Respiratory Therapy Technician | 4,020 EUR | +42% |
| Robotics Surgical Technician | 4,600 EUR | +62% |
| Sonographer | 4,740 EUR | +67% |
| Sonography Technologist | 4,510 EUR | +59% |
| Speech and Language Pathologist | 6,680 EUR | +140% |
| Telemedicine Specialist | 6,110 EUR | +120% |
| Therapeutics Specialist | 5,710 EUR | +100% |
| Ultrasonographer | 3,860 EUR | +36% |
| Ultrasound Technologist | 3,720 EUR | +31% |
| Vascular Technologist | 3,400 EUR | +20% |
| Virtual / Augmented Reality Medical Training Specialist | 4,990 EUR | +76% |
| X-Ray Technologist | 4,630 EUR | +63% |
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 Phlebotomy Technician in Monaco?
A good and competitive compensation would range anywhere between 2,690 EUR and 3,090 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 Phlebotomy Technician in Monaco ranges from 1,330 EUR to 2,180 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
