Hardware Design Engineering Director salary in Monaco

Average Yearly Salary of Hardware Design Engineering Director in Monaco is approximately 565,625 EUR (568,446 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 Hardware Design Engineering Director do?

A Hardware Design Engineering Director is responsible for leading a team of engineers in the design and development of hardware products. They oversee the entire hardware design process, from concept to production, ensuring that the final product meets all technical specifications and quality standards. The director collaborates with cross-functional teams, including software engineers, product managers, and manufacturing specialists, to ensure seamless integration of hardware components into the overall product. They provide guidance and mentorship to the engineering team, fostering innovation and continuous improvement. Additionally, the director stays up to date with emerging technologies and industry trends to drive product innovation and competitive advantage.

Skills: Hardware Design, Engineering, Director, Product Development, Team Management, Innovation
Job industry: Engineering

How much does Hardware Design Engineering Director make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Hardware Design Engineering Director a well paid job?

Yes, our data show that Hardware Design Engineering Director is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Hardware Design Engineering Director?

High salary for Hardware Design Engineering Director would be somewhere between 622,188 EUR and 820,156 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Hardware Design Engineering Director 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: 565,625 EUR
Estimated Monthly Salary: 47,135 EUR
Estimated Weekly Salary: 10,877 EUR per week
Estimated Hourly Salary: 272 EUR per hour
By working as Hardware Design Engineering Director a person can save up to 39,927 USD per month or 479,128 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 Hardware Design Engineering Director

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.

Top 10 highest salaries in Monaco

Data as of 2025

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