Chief Innovation Officer Average Salary in Stuttgart 2024
How much money does a person working as Chief Innovation Officer make in Stuttgart?
LOW
3,030
EUR AVERAGE
6,300
EUR HIGH
9,890
EUR
A person working as Chief Innovation Officer in Stuttgart typically earns around 6,300 EUR. Salaries range from 3,030 EUR (lowest) to 9,890 EUR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Chief Innovation Officer salaries in Stuttgart vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Chief Innovation Officer Pay Scale and Salaries in Stuttgart
Salary Structure and Pay Scale Comparison
5,890 EUR or more
5,190 to 5,890 EUR
3,650 EUR or less
3,650 to 5,190 EUR
 3,030 EUR |
5,930 EUR |
9,890 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 Chief Innovation Officer in Stuttgart range from 3,030 EUR (starting salary) to 9,890 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 5,930 EUR, half of the professionals who work as Chief Innovation Officer in Stuttgart 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 Chief Innovation Officer in Stuttgart earn less than 4,820 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 6,790 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 Chief Innovation Officer in Stuttgart compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 3,650 EUR to 5,190 EUR. About 20% of salaries are below the 3,650 EUR mark, while 10% fall within the range of 5,190 EUR to 5,890 EUR. Only 5% of individuals have salaries exceeding 5,890 EUR.
Salary Comparison by Years of Experience / Chief Innovation Officer / Stuttgart
How do experience and age affect pay?
| 0 - 2 Years | 3,540 EUR | |
| 2 - 5 Years | +42% | 5,020 EUR |
| 5 - 10 Years | +31% | 6,600 EUR |
| 10 - 15 Years | +23% | 8,110 EUR |
| 15 - 20 Years | +6% | 8,620 EUR |
| 20+ Years | +10% | 9,450 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 Chief Innovation Officer and this is what we found.
Employees with less than two years of experience earn approximately 3,540 EUR.
While someone with an experience level between two and five years is expected to earn 5,020 EUR, 42% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 6,600 EUR, 31% 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 8,110 EUR, 23% 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 8,620 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 9,450 EUR, 10% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Chief Innovation Officer / Stuttgart
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Chief Innovation Officer.
| High School | 3,370 EUR | |
| Certificate or Diploma | +20% | 4,060 EUR |
| Bachelor's Degree | +41% | 5,700 EUR |
| Master's Degree | +48% | 8,450 EUR |
| PhD | +14% | 9,620 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 Chief Innovation Officer in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 3,370 EUR.
Level 2: Certificate or Diploma
At this level, the average salary becomes 4,060 EUR, 20% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 5,700 EUR, 41% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 8,450 EUR, 48% more than the previous level.
Level 5: PhD
At this level, the average salary becomes 9,620 EUR, 14% 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 Germany costs anywhere from 19,100 EUR to 57,400 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 / Chief Innovation Officer / Stuttgart
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 Chief Innovation Officer in Germany, the average difference between the salary of male and female employees is 6%.
| Male | 5,890 EUR | |
| Female | -6% | 5,560 EUR |
Salary Comparison By Gender in Germany for all Careers
Average Annual Salary Increment Percentage / Chief Innovation Officer / Stuttgart
How much are annual salary increments in Stuttgart for individuals working as Chief Innovation Officer? How often do employees get salary raises?
Individuals working as Chief Innovation Officer in Germany 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 16 months.
Germany / 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 / Chief Innovation Officer / Germany
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 / Chief Innovation Officer / Stuttgart
36 EUR per hourThe average hourly wage (pay per hour) for individuals working as Chief Innovation Officer in Stuttgart is 36 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 Chief Innovation Officer in Stuttgart is 17 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 |
| Business Planning |  -100% | |
| Agile Coach | 4,490 EUR | -29% |
| Assistant Business Development Manager | 5,190 EUR | -18% |
| Assistant Merchandise Planner | 2,890 EUR | -54% |
| Business Advisor | 4,710 EUR | -25% |
| Business Analyst | 4,590 EUR | -27% |
| Business Consultant | 4,400 EUR | -30% |
| Business Continuity Associate | 2,920 EUR | -54% |
| Business Developer | 2,840 EUR | -55% |
| Business Development Analyst | 3,480 EUR | -45% |
| Business Development Associate | 2,500 EUR | -60% |
| Business Development Coordinator | 2,490 EUR | -60% |
| Business Development Director | 6,680 EUR |  +6% |
| Business Development Engineer | 3,670 EUR | -42% |
| Business Development Executive | 4,720 EUR | -25% |
| Business Development Manager | 5,980 EUR | -5% |
| Business Development Specialist | 4,310 EUR | -32% |
| Business Manager | 5,540 EUR | -12% |
| Business Operations Specialist | 4,460 EUR | -29% |
| Business Process Writer | 2,620 EUR | -58% |
| Business Systems Analyst | 4,800 EUR | -24% |
| Capacity Planner | 3,380 EUR | -46% |
| Capacity Planning Supervisor | 4,460 EUR | -29% |
| Change Communications Analyst | 4,320 EUR | -31% |
| Change Control Analyst | 4,350 EUR | -31% |
| Change Impact Analyst | 4,330 EUR | -31% |
| Chief Automation Officer | 5,950 EUR | -6% |
| Chief Innovation Officer | 6,300 EUR | -0% |
| Contracts Executive | 4,290 EUR | -32% |
| Corporate Strategy Analyst | 4,770 EUR | -24% |
| Cost Control Engineer | 3,000 EUR | -52% |
| Cost Controller | 3,350 EUR | -47% |
| Cost Estimator | 2,950 EUR | -53% |
| Crisis Management Specialist | 5,080 EUR | -19% |
| Data Executive | 2,400 EUR | -62% |
| Data Manager | 3,460 EUR | -45% |
| Data Processing Manager | 4,310 EUR | -32% |
| Development Researcher | 3,330 EUR | -47% |
| Digital Strategist | 4,390 EUR | -30% |
| Digital Transformation Manager | 4,950 EUR | -21% |
| Director of Business Development | 6,350 EUR | +1% |
| Director of Production Planning | 5,440 EUR | -14% |
| Drop Shipping Consultant | 3,920 EUR | -38% |
| Due Diligence Analyst | 4,760 EUR | -24% |
| Estimating Manager | 5,050 EUR | -20% |
| General Manager | 5,550 EUR | -12% |
| Growth Hacker | 3,480 EUR | -45% |
| Impact Assessment Specialist | 3,960 EUR | -37% |
| Impact Investing Analyst | 4,310 EUR | -32% |
| Incident Handler | 3,100 EUR | -51% |
| Incident Specialist | 3,750 EUR | -40% |
| Lean Consultant | 3,320 EUR | -47% |
| Manager | 5,860 EUR | -7% |
| Marketing and Business Development Manager | 5,610 EUR | -11% |
| Materials Planner | 2,010 EUR | -68% |
| Merchandise Assistant | 2,010 EUR | -68% |
| Merchandise Controller | 1,980 EUR | -69% |
| Merchandise Planner | 1,980 EUR | -69% |
| Online Consultant | 3,730 EUR | -41% |
| Online Reputation Manager | 3,390 EUR | -46% |
| Operations Analyst | 4,210 EUR | -33% |
| Operations Manager | 5,020 EUR | -20% |
| Operations Research Analyst | 2,820 EUR | -55% |
| Planning and Reporting Manager | 4,920 EUR | -22% |
| Planning Director | 5,820 EUR | -8% |
| Product Designer | 3,250 EUR | -48% |
| Product Manager | 3,730 EUR | -41% |
| Project Administrator | 2,940 EUR | -53% |
| Project Manager | 4,530 EUR | -28% |
| Project Planner | 3,020 EUR | -52% |
| Research Assistant | 2,580 EUR | -59% |
| Research Engineer | 2,770 EUR | -56% |
| Research Officer | 2,340 EUR | -63% |
| Risk Management Specialist | 4,440 EUR | -30% |
| Scholarship Coordinator | 2,250 EUR | -64% |
| Store Planner | 2,270 EUR | -64% |
| Strategy Director | 6,340 EUR | +1% |
| Top Research and Development Executive | 6,710 EUR | +6% |
Salary Comparison By City
| City | Average Salary |
| Berlin | 6,570 EUR |
| Dortmund | 5,900 EUR |
| Frankfurt | 6,590 EUR |
| Hamburg | 6,410 EUR |
| Munchen | 6,260 EUR |
| Stuttgart | 6,300 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 Germany is 5% on average across all career fields.
| Private Sector | 3,740 EUR | |
| Public Sector | +5% | 3,910 EUR |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Chief Innovation Officer in Stuttgart?
A good and competitive compensation would range anywhere between 5,930 EUR and 6,790 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 Chief Innovation Officer in Stuttgart ranges from 3,030 EUR to 4,820 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
