Product Development Engineer salary in Monaco

Average Yearly Salary of Product Development Engineer in Monaco is approximately 278,884 EUR (278,399 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 Product Development Engineer do?

A product development engineer is responsible for designing, developing, and improving products from conception to production. They collaborate with cross-functional teams to ensure that the product meets customer requirements, quality standards, and regulatory compliance. This occupation requires a combination of technical expertise, problem-solving skills, and creativity to innovate and enhance product features. The product development engineer conducts research, analyzes data, and performs testing to identify areas for improvement and implement design changes. They also work closely with suppliers and manufacturers to ensure smooth production and timely delivery of the final product. Additionally, these professionals may be involved in cost analysis, feasibility studies, and risk assessment to optimize the product's performance and market competitiveness.

Skills: Product Development Engineer, Design Engineering, Innovation, Manufacturing, Quality Assurance, Cross-functional Collaboration
Job industry: Engineering

How much does Product Development Engineer make?

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


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Salary comparison to National average

Is Product Development Engineer a well paid job?

Yes, our data shows that Product Development Engineer 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 Product Development Engineer?

High salary for Product Development Engineer would be somewhere between 306,772 EUR and 404,382 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Product Development 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: 278,884 EUR
Estimated Monthly Salary: 23,240 EUR
Estimated Weekly Salary: 5,363 EUR per week
Estimated Hourly Salary: 134 EUR per hour
By working as Product Development Engineer a person can save up to 15,757 USD per month or 189,081 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 Product Development Engineer

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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