Average Assistant Food and Beverage Director Salary in Monaco for 2024
In this article, we will look at the average Assistant Food and Beverage Director salary for 2024 in Monaco and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!
The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.
All salary information is in the local currency, which is the Euro. To keep things simple, we are using the EUR currency code instead of the currency symbol โฌ.
How Much Does an Assistant Food and Beverage Director Make in Monaco?
An Assistant Food and Beverage Director working in Monaco will typically earn around 66,100 EUR per year, and this can range from the lowest average salary of about 33,980 EUR to the highest average salary of 103,600 EUR.
These are average salaries for an Assistant Food and Beverage Director in Monaco and include benefits such as housing and transport. It's also possible for an Assistant Food and Beverage Director to earn more or less than the average salaries shown above.
Assistant Food and Beverage Director salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.
Distribution of Assistant Food and Beverage Director Salaries in Monaco
So we've looked at the average salaries an Assistant Food and Beverage Director will earn in Monaco. The next interesting data point is the distribution of salaries.
Salary ranges
We already know that an Assistant Food and Beverage Director can earn between 33,980 EUR and 103,600 EUR on average in Monaco. This is known as the range in statistics.
The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.
Median salary
The median salary for an Assistant Food and Beverage Director in Monaco is 64,560 EUR. This is the middle value in the distribution of salaries.
What this means is that approximately 50% of the population earn less than 64,560 EUR, and 50% of the population earn more than 64,560 EUR.
If you are earning more than the median salary, that's a good indicator that you are being paid well.
If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).
Percentiles
Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.
For the average Assistant Food and Beverage Director salary in Monaco, 25% of the population are earning less than 45,600 EUR while 75% of the population earn more than 45,600 EUR.
75% of the population earn less than 80,580 EUR, and 25% of the population earn more than 80,580 EUR.
Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.
The difference between a median and an average salary
The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.
- If your salary is higher than the average and the median salary, you are earning well compared to others.
- If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
- If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.
Assistant Food and Beverage Director Salary by Experience Level in Monaco
The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.
We have researched the average assistant food and beverage director salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.
- 0 - 2 Years Experience. An Assistant Food and Beverage Director in Monaco that has less than two years of experience can expect to earn somewhere in the region of 40,560 EUR.
- 2 - 5 Years Experience. With two to five years of experience the average Assistant Food and Beverage Director salary would increase to 51,800 EUR.
- 5 - 10 Years Experience. From five to ten years of experience as an Assistant Food and Beverage Director, the average salary would be 66,840 EUR.
- 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 83,760 EUR.
- 15 - 20 Years Experience. An Assistant Food and Beverage Director with 15 to 20 years of experience can earn an average of 89,340 EUR.
- 20+ Years Experience. For an Assistant Food and Beverage Director with more than 20 years, the expected average salary increases to 96,720 EUR.
Average Salary by Experience Chart
0-2 Years |
40,560 EUR
|
|
2-5 Years | +34% |
51,800 EUR
|
5-10 Years | +30% |
66,840 EUR
|
10-15 Years | +21% |
83,760 EUR
|
15-20 Years | +9% |
89,340 EUR
|
20+ Years | +5% |
96,720 EUR
|
Assistant Food and Beverage Director Salary by Education Level in Monaco
As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?
In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.
The salary you can earn based on your education is very specific to both your location and the career path you choose.
In our research, we looked at the average salary for an Assistant Food and Beverage Director in Monaco based on the education level of the employees in order to find out whether a better education level would increase your salary.
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High School. An Assistant Food and Beverage Director in Monaco with a high school education can earn an average salary of 48,200 EUR.
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Certificate or Diploma. An Assistant Food and Beverage Director in Monaco with a certificate or diploma education can earn an average salary of 66,260 EUR.
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Bachelor's Degree. An Assistant Food and Beverage Director in Monaco with a bachelor's degree education can earn an average salary of 91,520 EUR.
Average Salary by Education Chart
High School |
48,200 EUR
|
|
Certificate or Diploma | +43% |
66,260 EUR
|
Bachelor's Degree | +38% |
91,520 EUR
|
How Much is a Master's Degree or MBA Program?
The approximate cost of a master's degree or post-graduate program like an MBA in Monaco is around 21,200 to 63,600 EUR and takes two years to complete.
As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.
It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.
Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.
Assistant Food and Beverage Director Salary Compared by Gender
In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.
In Monaco, a male assistant food and beverage director will earn an average of 69,240 EUR, while a female assistant food and beverage director will earn around 64,640 EUR.
This means that a male assistant food and beverage director earns approximately 7% more than a female assistant food and beverage director for performing the same job.
Average Salary by Gender Chart in Monaco
Male |
69,240 EUR
|
|
Female | -7% |
64,640 EUR
|
Assistant Food and Beverage Director Average Pay Raise in Monaco
In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.
From our research, we can see that the average pay raise for an Assistant Food and Beverage Director in Monaco is around 8% every 30 months.
The national average pay raise across all professions and industries in Monaco is around 5% every 28 months.
In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.
To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:
Annual Increase = ( Increase Rate ÷ Months ) × 12
So for this example, it would be:
Annual Increase = ( 8 ÷ 30 ) × 12 = 3%
What this means is that an Assistant Food and Beverage Director in Monaco can expect to receive an average pay raise of around 3% every 12 months.
Annual Pay Raise by Industry in Monaco for 2024
In the chart below, you can see the average annual pay raise percentages for each of the major industries in Monaco.
You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.
Banking |
7%
|
|
Energy |
5%
|
|
Information Technology |
3%
|
|
Healthcare |
1%
|
|
Travel |
8%
|
|
Construction |
6%
|
|
Education |
4%
|
Assistant Food and Beverage Director Bonus and Incentive Rates in Monaco
Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.
Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.
An Assistant Food and Beverage Director is a moderate bonus based job, with 61% of employees reporting at least one bonus in the last 12 months.
39% reported that they had not received any bonuses in the previous 12 months.
For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 6% to 8%.
Received Bonus |
61%
|
|
No Bonus |
39%
|
What are the Types of Bonus?
There are a number of difference types of bonus you can receive in a job. Including:
- Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
- Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
- Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
- Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.
Government vs Private Sector Salaries
Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.
Public sector employees in Monaco earn approximately 6% more than private sector employees in the same role.
Public Sector |
52,880 EUR
|
|
Private Sector | -6% |
49,820 EUR
|
Salaries for Jobs Similar to an Assistant Food and Beverage Director
In the table below, we have salary information for jobs that are similar to an Assistant Food and Beverage Director in Monaco.
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