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Asset Management Associate Average Salary in Palma de Mallorca 2024

How much money does a person working as Asset Management Associate make in Palma de Mallorca?


Average Monthly Salary
2,340 EUR
( 28,100 EUR yearly)

LOW
1,080
EUR
AVERAGE
2,340
EUR
HIGH
3,720
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 Asset Management Associate in Palma de Mallorca typically earns around 2,340 EUR. Salaries range from 1,080 EUR (lowest) to 3,720 EUR (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Asset Management Associate salaries in Palma de Mallorca 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 Palma de Mallorca

Median and salary distribution Palma de Mallorca Asset Management Associate monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
2,220 EUR or more
10% of people earn
1,950 to 2,220 EUR
20% of people earn
1,340 EUR or less
65% of people earn
1,340 to 1,950 EUR
Minimum Salary
1,080 EUR
Median
2,240 EUR
Maximum
3,720 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 Asset Management Associate in Palma de Mallorca range from 1,080 EUR (starting salary) to 3,720 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 2,240 EUR, half of the professionals who work as Asset Management Associate in Palma de Mallorca 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 Palma de Mallorca earn less than 1,800 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 2,580 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 Palma de Mallorca compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 1,340 EUR to 1,950 EUR. About 20% of salaries are below the 1,340 EUR mark, while 10% fall within the range of 1,950 EUR to 2,220 EUR. Only 5% of individuals have salaries exceeding 2,220 EUR.

Salary Comparison by Years of Experience / Asset Management Associate / Palma de Mallorca

How do experience and age affect pay?

0 - 2 Years
1,220 EUR
2 - 5 Years+34%
1,630 EUR
5 - 10 Years+48%
2,410 EUR
10 - 15 Years+22%
2,940 EUR
15 - 20 Years+9%
3,210 EUR
20+ Years+8%
3,470 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Palma de Mallorca Asset Management Associate
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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 Asset Management Associate 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 1,220 EUR.

While someone with an experience level between two and five years is expected to earn 1,630 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 2,410 EUR, 48% 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 2,940 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 3,210 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 3,470 EUR, 8% 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 / Asset Management Associate / Palma de Mallorca

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
1,400 EUR
Certificate or Diploma+57%
2,190 EUR
Bachelor's Degree+68%
3,670 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Palma de Mallorca Asset Management Associate
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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 Asset Management Associate in order to make a comparison.


Level 1: High School

Employees at this education level have an average salary of 1,400 EUR.


Level 2: Certificate or Diploma

At this level, the average salary becomes 2,190 EUR, 57% more than the previous level.


Level 3: Bachelor's Degree

At this level, the average salary becomes 3,670 EUR, 68% more than the previous level.



Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Asset Management Associate / Palma de Mallorca

Salary comparison by gender Spain Asset Management Associate 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 Asset Management Associate in Spain, the average difference between the salary of male and female employees is 5%.

Male
2,680 EUR
Female-5%
2,550 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Spain for all Careers

Salary comparison by gender monthly Spain
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Average Annual Salary Increment Percentage / Asset Management Associate / Palma de Mallorca

How much are annual salary increments in Palma de Mallorca for individuals working as Asset Management Associate? How often do employees get salary raises?

Individuals working as Asset Management Associate in Spain are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.

Annual Salary Increment Rate Spain Asset Management Associate
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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.

Spain / All Professions

Annual Salary Increment Rate Spain
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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 Spain is 6%.

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 / Asset Management Associate / Spain

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Spain Asset Management Associate
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100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.

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

Received Bonus
%
No Bonus
100%

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 / Asset Management Associate / Palma de Mallorca


14 EUR per hour

The average hourly wage (pay per hour) for individuals working as Asset Management Associate in Palma de Mallorca is 14 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 Asset Management Associate in Palma de Mallorca is 6 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
Purchasing and Inventory-100%
Asset Management Associate2,340 EUR-0%
Asset Protection Associate2,310 EUR-1%
Asset Protection Specialist2,620 EUR+12%
Assistant Buyer2,130 EUR-9%
Buyer3,660 EUR+56%
Capacity Planner2,630 EUR+12%
Category Leader2,400 EUR+2%
Category Management Specialist2,650 EUR+13%
Category Manager2,680 EUR+14%
Channel Services Representative2,480 EUR+6%
Contracts Manager3,010 EUR+29%
Contracts Specialist2,380 EUR+2%
Demand Planner2,680 EUR+14%
Demand Planning Manager3,140 EUR+34%
Digital Procurement Manager2,970 EUR+27%
Distribution Assistant2,090 EUR-11%
Distribution Associate2,280 EUR-3%
Distribution Manager4,720 EUR+100%
E-Commerce Buyer2,540 EUR+8%
E-procurement Specialist3,030 EUR+29%
Freight and Customs Compliance Manager2,970 EUR+27%
Green Procurement Specialist2,540 EUR+8%
Inventory Analyst2,500 EUR+7%
Inventory Analytics Manager2,320 EUR-1%
Inventory Control Clerk1,410 EUR-40%
Inventory Control Manager3,180 EUR+36%
Inventory Management Associate2,560 EUR+9%
Inventory Optimization Manager3,010 EUR+29%
Inventory Specialist2,510 EUR+7%
Logistics Automation Engineer2,740 EUR+17%
Logistics Engineer2,310 EUR-1%
Master Planner2,380 EUR+2%
Material Handler1,620 EUR-31%
Material Planning Specialist2,150 EUR-8%
Merchandise Manager2,830 EUR+21%
Procurement Administrator2,870 EUR+23%
Procurement Agent1,870 EUR-20%
Procurement Analyst3,070 EUR+31%
Procurement Assistant2,020 EUR-14%
Procurement Associate2,670 EUR+14%
Procurement Clerk1,250 EUR-47%
Procurement Engineer2,440 EUR+4%
Procurement Manager4,680 EUR+100%
Procurement Officer1,230 EUR-47%
Procurement Process Analyst2,950 EUR+26%
Procurement Risk Manager2,880 EUR+23%
Procurement Specialist2,280 EUR-3%
Procurement Technology Consultant2,850 EUR+22%
Production Planner2,700 EUR+15%
Project Buyer3,130 EUR+34%
Purchaser3,420 EUR+46%
Purchasing Agent2,030 EUR-13%
Purchasing Assistant1,460 EUR-38%
Purchasing Manager4,550 EUR+94%
Purchasing Officer2,240 EUR-4%
Purchasing Supervisor3,370 EUR+44%
Shipping and Receiving Clerk1,270 EUR-46%
Shipping Coordinator2,390 EUR+2%
Stock Clerk1,340 EUR-43%
Stock Regulator1,530 EUR-35%
Storage Manager3,070 EUR+31%
Store Keeper1,310 EUR-44%
Stores and Logistics Coordinator2,650 EUR+13%
Strategic Sourcing Analyst3,310 EUR+41%
Supplier Diversity Program Manager3,260 EUR+39%
Supplier Relationship Manager3,360 EUR+43%
Supply Chain Analyst3,390 EUR+45%
Supply Chain Coordinator2,580 EUR+10%
Supply Chain Development Manager4,550 EUR+94%
Supply Chain Director5,010 EUR+110%
Supply Chain Manager4,530 EUR+93%
Supply Planner2,310 EUR-1%
Sustainability Procurement Specialist3,100 EUR+32%
Sustainable Sourcing Specialist2,360 EUR+1%
Sustainable Supply Chain Manager3,660 EUR+56%
Third Party Logistics Manager3,920 EUR+67%
Vendor Management Specialist3,350 EUR+43%
Warehouse Assistant1,080 EUR-54%
Warehouse Automation Engineer2,390 EUR+2%
Warehouse Clerk1,120 EUR-52%
Warehouse Executive3,780 EUR+61%
Warehouse Lead2,760 EUR+18%
Warehouse Manager4,190 EUR+79%
Warehouse Supervisor3,070 EUR+31%
Wholesale Buyer3,670 EUR+57%

Salary Comparison By City

CityAverage Salary
Barcelona2,650 EUR
Madrid2,700 EUR
Palma de Mallorca2,340 EUR

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 Spain is 5% on average across all career fields.

Private Sector
2,660 EUR
Public Sector+5%
2,780 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 Asset Management Associate in Palma de Mallorca?

A good and competitive compensation would range anywhere between 2,240 EUR and 2,580 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 Palma de Mallorca ranges from 1,080 EUR to 1,800 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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