Department Manager Retail Store salary in Monaco

Average Yearly Salary of Department Manager Retail Store in Monaco is approximately 115,688 EUR (115,468 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Department Manager Retail Store do?

A department manager in a retail store is responsible for overseeing the operations and performance of a specific department within the store. They are in charge of managing the sales, inventory, and staff within their department to ensure that it meets or exceeds sales targets and customer service goals. This includes creating and implementing strategies to drive sales, monitoring and analyzing sales data, managing inventory levels, and ensuring that the department is properly staffed and trained. The department manager also plays a crucial role in maintaining visual merchandising standards, ensuring that products are displayed attractively and in line with the store's brand image. They are responsible for resolving customer complaints and addressing any issues that arise within their department. Additionally, they collaborate with other department managers and store management to develop and execute store-wide initiatives and promotions.

Skills: Department Manager, Retail Store, Sales Management, Inventory Management, Customer Service, Visual Merchandising
Job industry: Retail

How much does Department Manager Retail Store make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Department Manager Retail Store a well paid job?

No, our data shows that Department Manager Retail Store is typically not a well-paid job. The salary varies based on experience. Meaning that even though Department Manager Retail Store might be a low paying job, with experience the salary might increase to satisfactory levels.

What is considered a high salary for Department Manager Retail Store?

High salary for Department Manager Retail Store would be somewhere between 127,257 EUR and 167,748 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Department Manager Retail Store in Monaco?

Living in Monaco the approximate monthly expenses are: 7,443 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 115,688 EUR
Estimated Monthly Salary: 9,641 EUR
Estimated Weekly Salary: 2,225 EUR per week
Estimated Hourly Salary: 56 EUR per hour
By working as Department Manager Retail Store a person can save up to 2,179 USD per month or 26,150 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Monaco, see costs of living in Monaco.

Salary comparison to region and neighbouring coutries

Country's neighbours are: France, Italy.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Department Manager Retail Store

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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