Product Development Specialist salary in Monaco

Average Yearly Salary of Product Development Specialist in Monaco is approximately 228,946 EUR (229,543 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 Specialist do?

A product development specialist is responsible for overseeing the entire lifecycle of a product, from concept to launch. They work closely with cross-functional teams to develop and execute strategies that align with market trends and customer needs. Their primary role involves conducting market research, analyzing competitor products, and identifying new opportunities for product improvement or expansion. They collaborate with design and engineering teams to create prototypes and ensure product feasibility. Additionally, they manage the testing and quality assurance processes to ensure the final product meets all specifications and regulatory standards. Throughout the development process, they track and analyze key performance indicators to measure success and make data-driven decisions. The product development specialist also plays a crucial role in coordinating with marketing and sales teams to develop effective product positioning and go-to-market strategies.

Skills: Product Development, Market Research, Prototyping, Quality Assurance, Data Analysis, Go-to-Market Strategy
Job industry: Manufacturing

How much does Product Development Specialist make?

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


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Salary comparison to National average

Is Product Development Specialist a well paid job?

Yes, our data shows that Product Development Specialist 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 Specialist?

High salary for Product Development Specialist would be somewhere between 251,841 EUR and 331,972 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Product Development Specialist 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: 228,946 EUR
Estimated Monthly Salary: 19,079 EUR
Estimated Weekly Salary: 4,403 EUR per week
Estimated Hourly Salary: 110 EUR per hour
By working as Product Development Specialist a person can save up to 11,685 USD per month or 140,225 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 Specialist

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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