Business Teacher Average Salary in Palma de Mallorca 2024
How much money does a person working as Business Teacher make in Palma de Mallorca?
LOW
1,300
EUR AVERAGE
2,500
EUR HIGH
3,830
EUR
A person working as Business Teacher in Palma de Mallorca typically earns around 2,500 EUR. Salaries range from 1,300 EUR (lowest) to 3,830 EUR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Business Teacher 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.
Business Teacher Pay Scale and Salaries in Palma de Mallorca
Salary Structure and Pay Scale Comparison
2,260 EUR or more
2,020 to 2,260 EUR
1,470 EUR or less
1,470 to 2,020 EUR
 1,300 EUR |
2,270 EUR |
3,830 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 Business Teacher in Palma de Mallorca range from 1,300 EUR (starting salary) to 3,830 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 2,270 EUR, half of the professionals who work as Business Teacher 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 Business Teacher in Palma de Mallorca earn less than 1,890 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 Business Teacher in Palma de Mallorca compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 1,470 EUR to 2,020 EUR. About 20% of salaries are below the 1,470 EUR mark, while 10% fall within the range of 2,020 EUR to 2,260 EUR. Only 5% of individuals have salaries exceeding 2,260 EUR.
Salary Comparison by Years of Experience / Business Teacher / Palma de Mallorca
How do experience and age affect pay?
| 0 - 2 Years | 1,480 EUR | |
| 2 - 5 Years | +34% | 1,980 EUR |
| 5 - 10 Years | +30% | 2,580 EUR |
| 10 - 15 Years | +21% | 3,120 EUR |
| 15 - 20 Years | +9% | 3,410 EUR |
| 20+ Years | +5% | 3,590 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 Business Teacher and this is what we found.
Employees with less than two years of experience earn approximately 1,480 EUR.
While someone with an experience level between two and five years is expected to earn 1,980 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 2,580 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 3,120 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 3,410 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 3,590 EUR, 5% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Business Teacher / Palma de Mallorca
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Business Teacher.
| Bachelor's Degree | 1,910 EUR | |
| Master's Degree | +24% | 2,360 EUR |
| PhD | +60% | 3,780 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 Business Teacher in order to make a comparison.
Level 1: Bachelor's Degree
Employees at this education level have an average salary of 1,910 EUR.
Level 2: Master's Degree
At this level, the average salary becomes 2,360 EUR, 24% more than the previous level.
Level 3: PhD
At this level, the average salary becomes 3,780 EUR, 60% 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 Spain costs anywhere from 13,600 EUR to 40,900 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 / Business Teacher / Palma de Mallorca
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 Business Teacher in Spain, the average difference between the salary of male and female employees is 5%.
| Male | 2,630 EUR | |
| Female | -5% | 2,490 EUR |
Salary Comparison By Gender in Spain for all Careers
Average Annual Salary Increment Percentage / Business Teacher / Palma de Mallorca
How much are annual salary increments in Palma de Mallorca for individuals working as Business Teacher? How often do employees get salary raises?
Individuals working as Business Teacher 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.
Spain / 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 / Business Teacher / Spain
How much and how often are bonuses being awarded?
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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 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 / Business Teacher / Palma de Mallorca
14 EUR per hourThe average hourly wage (pay per hour) for individuals working as Business Teacher in Palma de Mallorca is 14 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 Business Teacher in Palma de Mallorca 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 |
| Teaching / Education |  -100% | |
| Academic Advisor | 2,830 EUR |  +13% |
| Academic Assistant | 2,130 EUR | -15% |
| Academic Coach | 2,700 EUR | +8% |
| Academic Librarian | 2,100 EUR | -16% |
| Academic Manager | 3,280 EUR | +31% |
| Academic Specialist | 2,460 EUR | -2% |
| Academic Staff | 2,320 EUR | -7% |
| Accompanist | 2,460 EUR | -2% |
| Achievement Coach | 2,900 EUR | +16% |
| Admissions Specialist | 2,490 EUR | -0% |
| Agricultural Sciences Teacher | 2,240 EUR | -10% |
| Anthropology Teacher | 2,360 EUR | -6% |
| Arabic Language Teacher | 2,280 EUR | -9% |
| Archeology Teacher | 2,380 EUR | -5% |
| Architecture Teacher | 2,510 EUR | +0% |
| Archivist | 2,080 EUR | -17% |
| Art Teacher | 2,220 EUR | -11% |
| Assistant School Principal | 2,880 EUR | +15% |
| Assistant Teacher | 1,900 EUR | -24% |
| Biochemistry Professor | 3,820 EUR | +53% |
| Biology Teacher | 2,230 EUR | -11% |
| Blended Learning Specialist | 2,970 EUR | +19% |
| Bursary Scheme Manager | 2,590 EUR | +4% |
| Business Teacher | 2,500 EUR | -0% |
| Careers Advisor | 2,890 EUR | +16% |
| Careers Consultant | 2,840 EUR | +14% |
| Chemistry Teacher | 2,310 EUR | -8% |
| Chief Remote Learning Officer | 3,680 EUR | +47% |
| Child Care Coordinator | 2,310 EUR | -8% |
| Child Care Worker | 1,850 EUR | -26% |
| Childcare Worker | 1,970 EUR | -21% |
| Classroom Assistant | 1,960 EUR | -22% |
| Clinical School Psychologist | 3,320 EUR | +33% |
| Coding Coach | 2,520 EUR | +1% |
| College Aide | 2,790 EUR | +12% |
| College and Career Readiness Specialist | 2,870 EUR | +15% |
| College Dean | 5,140 EUR | +110% |
| College President | 4,850 EUR | +94% |
| Communications Teacher | 2,290 EUR | -8% |
| Community Education Officer | 1,900 EUR | -24% |
| Computer Science Teacher | 2,310 EUR | -8% |
| Computer Teacher | 2,260 EUR | -10% |
| Creative Writing Trainer | 2,790 EUR | +12% |
| Credit Counselor | 2,830 EUR | +13% |
| Cultural Studies Teacher | 2,220 EUR | -11% |
| Curriculum Coordinator | 2,660 EUR | +6% |
| Curriculum Developer | 2,990 EUR | +20% |
| Curriculum Specialist | 2,800 EUR | +12% |
| Dean of Faculty | 4,920 EUR | +97% |
| Demonstrator | 2,000 EUR | -20% |
| Deputy Controller of Examinations | 2,580 EUR | +3% |
| Digital Citizenship Educator | 2,210 EUR | -12% |
| Digital Literacy Instructor | 2,420 EUR | -3% |
| Director of Learning Technology | 3,050 EUR | +22% |
| Distance Learning Coordinator | 2,490 EUR | -0% |
| E-Learning Consultant | 3,160 EUR | +26% |
| E-learning Content Developer | 2,970 EUR | +19% |
| E-Learning Designer | 2,780 EUR | +11% |
| Economics Lecturer | 3,980 EUR | +59% |
| Economics Teacher | 2,350 EUR | -6% |
| EdTech Compliance Manager | 2,540 EUR | +2% |
| EdTech Consultant | 2,550 EUR | +2% |
| EdTech Content Creator | 2,330 EUR | -7% |
| Education Administrator | 2,690 EUR | +8% |
| Education Assistant | 2,100 EUR | -16% |
| Education Assistant Director | 2,950 EUR | +18% |
| Education Assistant Librarian | 1,810 EUR | -28% |
| Education Assistant Principal | 2,360 EUR | -6% |
| Education Assistant Professor | 3,220 EUR | +29% |
| Education Associate | 2,300 EUR | -8% |
| Education Consultant | 2,890 EUR | +16% |
| Education Coordinator | 2,350 EUR | -6% |
| Education Counselor | 2,760 EUR | +10% |
| Education Director | 3,960 EUR | +58% |
| Education Policy Analyst | 3,260 EUR | +30% |
| Education Program Specialist | 2,870 EUR | +15% |
| Education Researcher | 3,130 EUR | +25% |
| Education Resource Specialist | 2,610 EUR | +4% |
| Education Services Facilitator | 2,670 EUR | +7% |
| Education Technology Specialist | 2,600 EUR | +4% |
| Educational Content Writer | 2,800 EUR | +12% |
| Educational Data Privacy Officer | 2,610 EUR | +4% |
| Educational Psychologist | 3,450 EUR | +38% |
| EFL Teacher | 2,310 EUR | -8% |
| eLearning Trainer | 2,180 EUR | -13% |
| Elementary School Teacher | 2,000 EUR | -20% |
| Engineering Lecturer | 3,750 EUR | +50% |
| Engineering Teacher | 3,160 EUR | +26% |
| English Teacher | 2,180 EUR | -13% |
| ESL Teacher | 2,360 EUR | -6% |
| Faculty Assistant | 2,870 EUR | +15% |
| Foreign Language Teacher | 2,150 EUR | -14% |
| GED Teacher | 2,080 EUR | -17% |
| Geography Teacher | 2,210 EUR | -12% |
| Head of Mathematics Department | 3,040 EUR | +22% |
| Head of School | 3,560 EUR | +42% |
| High School Teacher | 2,380 EUR | -5% |
| History Teacher | 2,450 EUR | -2% |
| Infant Teacher | 1,740 EUR | -30% |
| Instructional Assistant | 2,350 EUR | -6% |
| Instructional Coach | 2,740 EUR | +10% |
| Instructor | 2,540 EUR | +2% |
| Kindergarten Teacher | 1,900 EUR | -24% |
| Language Instructor For Expatriate | 1,970 EUR | -21% |
| Law Teacher | 3,080 EUR | +23% |
| Learning Designer | 2,610 EUR | +4% |
| Learning Experience Designer | 3,290 EUR | +32% |
| Learning Management System Administrator | 2,560 EUR | +2% |
| Lecturer | 3,840 EUR | +54% |
| Librarian | 1,970 EUR | -21% |
| Library Assistant | 1,590 EUR | -36% |
| Library Director | 2,520 EUR | +1% |
| Library Specialist | 1,950 EUR | -22% |
| Library Technician | 1,870 EUR | -25% |
| Life Sciences Teacher | 2,150 EUR | -14% |
| Makerspace Coordinator and Facilitator | 2,030 EUR | -19% |
| Math Lecturer | 3,800 EUR | +52% |
| Math Teacher | 2,460 EUR | -2% |
| Mathematics Teacher | 2,590 EUR | +4% |
| Mentor | 2,530 EUR | +1% |
| Middle School Teacher | 2,460 EUR | -2% |
| Music Teacher | 2,090 EUR | -16% |
| Nursery Manager | 3,320 EUR | +33% |
| Nursery Worker | 1,450 EUR | -42% |
| Online Course Developer | 2,640 EUR | +6% |
| Online Course Instructor | 2,420 EUR | -3% |
| Online Learning Facilitator | 2,230 EUR | -11% |
| Online Tutor | 2,230 EUR | -11% |
| Paraprofessional | 2,930 EUR | +17% |
| Personalized Learning Specialist | 2,720 EUR | +9% |
| Physical Education Specialist | 2,580 EUR | +3% |
| Physical Education Teacher | 2,020 EUR | -19% |
| Physics Teacher | 2,440 EUR | -2% |
| Political Science Teacher | 2,480 EUR | -1% |
| Post Doctoral Researcher | 3,370 EUR | +35% |
| Preschool Education Administrator | 2,550 EUR | +2% |
| Preschool Teacher | 1,940 EUR | -22% |
| Primary School Teacher | 2,120 EUR | -15% |
| Principal | 3,220 EUR | +29% |
| Product Specialist | 2,560 EUR | +2% |
| Professor - Accounting | 3,950 EUR | +58% |
| Professor - Architecture | 3,910 EUR | +56% |
| Professor - Biology | 4,070 EUR | +63% |
| Professor - Business Administration | 3,880 EUR | +55% |
| Professor - Chemical Engineering | 4,120 EUR | +65% |
| Professor - Chemistry | 3,950 EUR | +58% |
| Professor - Civil Engineering | 3,960 EUR | +58% |
| Professor - Communication | 3,830 EUR | +53% |
| Professor - Computer Science | 3,920 EUR | +57% |
| Professor - Dentistry | 3,970 EUR | +59% |
| Professor - Drama | 3,950 EUR | +58% |
| Professor - Economics | 4,130 EUR | +65% |
| Professor - Education | 3,960 EUR | +58% |
| Professor - Electrical Engineering | 4,010 EUR | +60% |
| Professor - English | 3,930 EUR | +57% |
| Professor - Environmental Engineering | 4,080 EUR | +63% |
| Professor - Foreign Languages | 3,700 EUR | +48% |
| Professor - Geological Sciences | 3,720 EUR | +49% |
| Professor - History | 4,040 EUR | +62% |
| Professor - Industrial Engineering | 3,910 EUR | +56% |
| Professor - Law | 4,110 EUR | +64% |
| Professor - Legal Support | 3,970 EUR | +59% |
| Professor - Liberal Arts | 4,030 EUR | +61% |
| Professor - Marketing | 4,130 EUR | +65% |
| Professor - Mathematics | 4,270 EUR | +71% |
| Professor - Mechanical Engineering | 4,070 EUR | +63% |
| Professor - Medical Administration | 4,410 EUR | +76% |
| Professor - Medicine | 4,810 EUR | +92% |
| Professor - Music | 3,630 EUR | +45% |
| Professor - Nursing | 3,630 EUR | +45% |
| Professor - Pharmaceutical Sciences | 4,100 EUR | +64% |
| Professor - Philosophy | 4,030 EUR | +61% |
| Professor - Physical Therapy | 4,110 EUR | +64% |
| Professor - Physics | 4,120 EUR | +65% |
| Professor - Psychology | 4,050 EUR | +62% |
| Professor - Rehabilitation | 3,700 EUR | +48% |
| Professor - Social Work | 3,540 EUR | +42% |
| Professor - Sociology | 3,750 EUR | +50% |
| Professor - Special Education | 4,100 EUR | +64% |
| Psychology Teacher | 3,140 EUR | +26% |
| Public Management Assistant Professor | 3,320 EUR | +33% |
| School Counselor | 3,070 EUR | +23% |
| Science Educator | 2,280 EUR | -9% |
| Science Laboratory Assistant | 2,140 EUR | -14% |
| Science Teacher | 2,300 EUR | -8% |
| Secondary Mathematics Teacher | 2,420 EUR | -3% |
| Secondary School Teacher | 2,320 EUR | -7% |
| Special Education Advocate | 2,890 EUR | +16% |
| Special Education Teacher | 2,500 EUR | -0% |
| Special Needs Assistant | 2,020 EUR | -19% |
| Statistics Lecturer | 3,750 EUR | +50% |
| STEAM Educator | 2,220 EUR | -11% |
| STEM Educator | 2,130 EUR | -15% |
| Student Accounts Coordinator | 2,190 EUR | -12% |
| Student Development Specialist | 2,620 EUR | +5% |
| Student Employment Specialist | 2,430 EUR | -3% |
| Student Services | 2,010 EUR | -20% |
| Student Services Coordinator | 2,020 EUR | -19% |
| Student Support Manager | 2,820 EUR | +13% |
| Substitute Teacher | 1,950 EUR | -22% |
| Teacher | 2,090 EUR | -16% |
| Teacher Aide | 1,750 EUR | -30% |
| Teacher Trainer | 2,700 EUR | +8% |
| Teaching Assistant | 1,780 EUR | -29% |
| TEFL Teacher | 2,370 EUR | -5% |
| Training and Development Specialist | 2,780 EUR | +11% |
| Training Coordinator | 2,150 EUR | -14% |
| Tutor | 2,230 EUR | -11% |
| University Teacher | 3,890 EUR | +56% |
| Virtual Teacher | 2,150 EUR | -14% |
| Vocational Education Teacher | 2,310 EUR | -8% |
Salary Comparison By City
| City | Average Salary |
| Barcelona | 2,680 EUR |
| Madrid | 2,850 EUR |
| Palma de Mallorca | 2,500 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 |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Business Teacher in Palma de Mallorca?
A good and competitive compensation would range anywhere between 2,270 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 Business Teacher in Palma de Mallorca ranges from 1,300 EUR to 1,890 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
