Research Department Manager salary in Monaco

Average Yearly Salary of Research Department Manager in Monaco is approximately 329,158 EUR (330,527 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 Research Department Manager do?

A research department manager is responsible for overseeing and coordinating the activities of a research team within an organization. They play a crucial role in planning, organizing, and executing research projects to meet the organization's objectives. The manager is involved in setting research goals, developing research plans, and allocating resources effectively. They also collaborate with other departments and stakeholders to ensure research projects align with organizational needs. Additionally, they supervise the research team, providing guidance and support, and evaluating their performance. The manager stays up-to-date with industry trends and advancements, ensuring the research department remains innovative and competitive.

Skills: Research management, Project coordination, Team leadership, Strategic planning, Resource allocation, Stakeholder collaboration.
Job industry: Research and development

How much does Research Department Manager make?

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


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

Salary comparison to National average

Is Research Department Manager a well paid job?

Yes, our data shows that Research Department Manager 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 Research Department Manager?

High salary for Research Department Manager would be somewhere between 362,074 EUR and 477,279 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Research Department Manager 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: 329,158 EUR
Estimated Monthly Salary: 27,430 EUR
Estimated Weekly Salary: 6,330 EUR per week
Estimated Hourly Salary: 158 EUR per hour
By working as Research Department Manager a person can save up to 20,101 USD per month or 241,209 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 Research Department Manager

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:
Home appliance repairer (87,286 EUR per year, pre-tax.)
Border patrol agent (182,098 EUR per year, pre-tax.)
Swamper (129,856 EUR per year, pre-tax.)
Stonemason (143,068 EUR per year, pre-tax.)
Erp business process analyst (174,573 EUR per year, pre-tax.)

Feedback about these results