Retail Manager salary in Monaco

Average Yearly Salary of Retail Manager in Monaco is approximately 178,009 EUR (177,926 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 Retail Manager do?

A retail manager is responsible for overseeing the operations of a retail store or department. They are in charge of managing staff, ensuring customer satisfaction, and driving sales. Their responsibilities include hiring and training employees, setting sales targets, monitoring inventory levels, and implementing marketing strategies. A retail manager must have excellent leadership and communication skills to effectively manage a team and provide exceptional customer service. They need to be knowledgeable about the products or services being sold and stay up-to-date with industry trends. Additionally, they must possess strong problem-solving abilities to address any issues that may arise within the store. A successful retail manager is results-driven, organized, and able to multitask effectively.

Skills: Retail management, Store operations, Customer satisfaction, Sales management, Inventory control, Team leadership
Job industry: Retail

How much does Retail Manager make?

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


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Salary comparison to National average

Is Retail Manager a well paid job?

Yes, our data show that Retail Manager is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Retail Manager?

High salary for Retail Manager would be somewhere between 195,810 EUR and 258,113 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Retail 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: 178,009 EUR
Estimated Monthly Salary: 14,834 EUR
Estimated Weekly Salary: 3,423 EUR per week
Estimated Hourly Salary: 86 EUR per hour
By working as Retail Manager a person can save up to 7,384 USD per month or 88,608 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 Retail 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

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