Senior Product Development Engineer salary in Monaco

Average Yearly Salary of Senior Product Development Engineer in Monaco is approximately 347,654 EUR (347,275 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 Senior Product Development Engineer do?

A Senior Product Development Engineer is responsible for leading and managing the development of new products or improving existing ones. They work closely with cross-functional teams, including design, engineering, and manufacturing, to ensure the successful execution of product development projects. Their main duties include conducting research and analysis, creating product specifications, developing prototypes, and overseeing the testing and validation process. They also collaborate with marketing and sales teams to identify customer needs and market trends, ensuring that the final product meets market demands. Additionally, they may provide technical support and guidance to junior engineers and contribute to continuous improvement initiatives.

Skills: Senior Product Development Engineer, Product Development, Engineering, Research and Analysis, Prototyping, Testing and Validation
Job industry: Engineering

How much does Senior Product Development Engineer make?

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


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

Salary comparison to National average

Is Senior Product Development Engineer a well paid job?

Yes, our data show that Senior Product Development 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 Senior Product Development Engineer?

High salary for Senior Product Development Engineer would be somewhere between 382,419 EUR and 504,098 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Senior 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: 347,654 EUR
Estimated Monthly Salary: 28,971 EUR
Estimated Weekly Salary: 6,686 EUR per week
Estimated Hourly Salary: 167 EUR per hour
By working as Senior Product Development Engineer a person can save up to 21,496 USD per month or 257,957 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 Senior 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.

Top 10 highest salaries in Monaco

Data as of 2025

Random salary:
Early intervention service coordinator (102,336 EUR per year, pre-tax.)
Economics teacher (126,415 EUR per year, pre-tax.)
Machinist layout worker (139,951 EUR per year, pre-tax.)
Packaging engineer (265,678 EUR per year, pre-tax.)
University head track and cross country coach (124,910 EUR per year, pre-tax.)

Feedback about these results