It Functional Analyst salary in Monaco

Average Yearly Salary of It Functional Analyst in Monaco is approximately 311,442 EUR (309,491 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 It Functional Analyst do?

An IT Functional Analyst is responsible for analyzing business processes and identifying areas where technology can be implemented to improve efficiency and productivity. They work closely with stakeholders, such as business users and IT teams, to understand requirements and translate them into functional specifications. The analyst conducts gap analysis, creates process models, and documents system requirements. They also assist in the design, testing, and implementation of software applications, ensuring they meet user needs and align with business objectives. Additionally, IT Functional Analysts provide ongoing support and troubleshooting, ensuring systems are functioning optimally.

Skills: IT, Functional Analyst, Business Analysis, Requirements Gathering, Process Improvement, Software Implementation
Job industry: Information technology

How much does It Functional Analyst make?

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


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Salary comparison to National average

Is It Functional Analyst a well paid job?

Yes, our data shows that It Functional Analyst is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for It Functional Analyst?

High salary for It Functional Analyst would be somewhere between 342,586 EUR and 451,591 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as It Functional Analyst 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: 311,442 EUR
Estimated Monthly Salary: 25,954 EUR
Estimated Weekly Salary: 5,989 EUR per week
Estimated Hourly Salary: 150 EUR per hour
By working as It Functional Analyst a person can save up to 18,348 USD per month or 220,173 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 It Functional Analyst

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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