Home > Salary > Monaco > Principal Electrical Engineer
A principal electrical engineer is a highly skilled professional responsible for the design, development, and implementation of electrical systems and components. They lead a team of engineers and technicians in various projects, ensuring the efficient and safe operation of electrical infrastructure. Their role involves overseeing the entire lifecycle of electrical projects, from conceptualization to completion, while adhering to industry standards and regulations. Principal electrical engineers also collaborate with other departments, such as mechanical engineering and manufacturing, to integrate electrical systems seamlessly.
Estimated Yearly Salary: 479,989 EUR
Estimated Monthly Salary: 39,999 EUR
Estimated Weekly Salary: 9,231 EUR per week
Estimated Hourly Salary: 231 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 38,706 EUR
Estimated Weekly Salary: 8,932 EUR per week
Estimated Hourly Salary: 223 EUR per hour
Last revision of data: 2024-01-05
Estimated Yearly Salary: 481,538 USD
Estimated Monthly Salary: 40,128 USD
Estimated Weekly Salary: 9,260 USD per week
Estimated Hourly Salary: 232 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 479,989 EUR
Estimated Monthly Salary: 39,999 EUR
Estimated Weekly Salary: 9,231 EUR per week
Estimated Hourly Salary: 231 EUR per hour
By working as Principal Electrical Engineer a person can save up to 32,685 USD per month or 392,220 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.
Estimated Yearly Salary for Principal Electrical Engineer
Last revision of data: 2025-01-04
Data as of 2025
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Principal Electrical Engineer salary in Monaco
Average Yearly Salary of Principal Electrical Engineer in Monaco is approximately 479,989 EUR (481,538 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 Principal Electrical Engineer do?
A principal electrical engineer is a highly skilled professional responsible for the design, development, and implementation of electrical systems and components. They lead a team of engineers and technicians in various projects, ensuring the efficient and safe operation of electrical infrastructure. Their role involves overseeing the entire lifecycle of electrical projects, from conceptualization to completion, while adhering to industry standards and regulations. Principal electrical engineers also collaborate with other departments, such as mechanical engineering and manufacturing, to integrate electrical systems seamlessly.
Skills: Principal Electrical Engineer, Electrical Systems, Design and Development, Project Management, Team Leadership, Industry Standards
Job industry: Engineering
Job industry: Engineering
How much does Principal Electrical Engineer make?
Salary details
How much does Principal Electrical Engineer make?Estimated Yearly Salary: 479,989 EUR
Estimated Monthly Salary: 39,999 EUR
Estimated Weekly Salary: 9,231 EUR per week
Estimated Hourly Salary: 231 EUR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 464,474 EUREstimated Monthly Salary: 38,706 EUR
Estimated Weekly Salary: 8,932 EUR per week
Estimated Hourly Salary: 223 EUR per hour
Last revision of data: 2024-01-05Principal Electrical Engineer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 481,538 USD
Estimated Monthly Salary: 40,128 USD
Estimated Weekly Salary: 9,260 USD per week
Estimated Hourly Salary: 232 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Monaco is a small sovereign city-state located on the French Riviera. With a population of approximately 38,000 people, it is the second smallest country in the world by population. Covering an area of just 2.02 square kilometers, Monaco is also one of the most densely populated countries globally.
Estimated national average yearly salary is 170,319 EUR (186,080 USD). Value indicated is pre-tax. Below graph shows estimated Principal Electrical Engineer job salary compared to average salary in Monaco.
Comparison shows that a person working as Principal Electrical Engineer in Monaco earns on average:
2.82 times the average salary (or 282% of average salary).
Estimated national average yearly salary is 170,319 EUR (186,080 USD). Value indicated is pre-tax. Below graph shows estimated Principal Electrical Engineer job salary compared to average salary in Monaco.
Comparison shows that a person working as Principal Electrical Engineer in Monaco earns on average:
2.82 times the average salary (or 282% of average salary).
Is Principal Electrical Engineer a well paid job?
Yes, our data show that Principal Electrical Engineer 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 Principal Electrical Engineer?
High salary for Principal Electrical Engineer would be somewhere between 527,988 EUR and 695,984 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Principal Electrical Engineer 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: 479,989 EUR
Estimated Monthly Salary: 39,999 EUR
Estimated Weekly Salary: 9,231 EUR per week
Estimated Hourly Salary: 231 EUR per hour
By working as Principal Electrical Engineer a person can save up to 32,685 USD per month or 392,220 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 Principal Electrical Engineer
France is 118,288 USD
Italy is 97,215 USD Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Monaco
(1,948,030 EUR per year, pre-tax.)
2. Cardiologist
(1,613,197 EUR per year, pre-tax.)
(1,564,314 EUR per year, pre-tax.)
4. Neurosurgeon
(1,512,413 EUR per year, pre-tax.)
(1,512,144 EUR per year, pre-tax.)
(1,480,748 EUR per year, pre-tax.)
7. Urologist
(1,478,011 EUR per year, pre-tax.)
(1,476,615 EUR per year, pre-tax.)
9. Oncologist
(1,474,879 EUR per year, pre-tax.)
(1,470,635 EUR per year, pre-tax.)
Data as of 2025Random salary:
Journeyman technician (99,326 EUR per year, pre-tax.)
Natural resource technician (98,785 EUR per year, pre-tax.)
Senior vice president (svp), strategy and business development (567,162 EUR per year, pre-tax.)
Autobody technician (99,326 EUR per year, pre-tax.)
Tissue recovery technician (145,272 EUR per year, pre-tax.)
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