Management Accountant salary in Monaco

Average Yearly Salary of Management Accountant in Monaco is approximately 244,351 EUR (243,083 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 Management Accountant do?

A management accountant is responsible for analyzing financial data and providing strategic guidance to help organizations make informed business decisions. They examine financial records, prepare reports, and identify areas for cost reduction or improvement. Additionally, they create budgets, monitor spending, and ensure compliance with regulations. Management accountants work closely with management teams to develop financial strategies that align with the organization's goals and objectives. They also play a crucial role in forecasting future financial trends, evaluating risks, and recommending appropriate actions.

Skills: management accountant, financial analysis, strategic guidance, cost reduction, budgeting, compliance.
Job industry: Accounting

How much does Management Accountant make?

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


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

Is Management Accountant a well paid job?

Yes, our data shows that Management Accountant 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 Management Accountant?

High salary for Management Accountant would be somewhere between 268,786 EUR and 354,309 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Management Accountant 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: 244,351 EUR
Estimated Monthly Salary: 20,363 EUR
Estimated Weekly Salary: 4,699 EUR per week
Estimated Hourly Salary: 117 EUR per hour
By working as Management Accountant a person can save up to 12,814 USD per month or 153,765 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 Management Accountant

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

Random salary:
Extraction worker (139,951 EUR per year, pre-tax.)
Jib accountant (203,241 EUR per year, pre-tax.)
Rheumatologist (812,830 EUR per year, pre-tax.)
Vice president (vp), construction management operations (488,814 EUR per year, pre-tax.)
Circulation director newspaper (143,068 EUR per year, pre-tax.)

Feedback about these results