Highest Paid Job in Monaco: Top 10 Most Lucrative Professions
Publié par Paolo Petrini
In 2025, Monaco continues to attract professionals from all over the world. This small state on the French Riviera, known for its security, dynamic economy and first-class infrastructure, draws professionals eager to benefit from the many advantages it offers.
With its diversified economic sectors and attractive job opportunities, Monaco offers an ideal environment for career development. Whether you are an experienced professional or an ambitious young graduate, the Principality offers opportunities in various fields such as finance, insurance, information and communication, as well as wholesale trade.
In this article, we will explore in detail the best-paid jobs, discussing the average salary in Monaco. We will highlight the most lucrative sectors and professions that offer the highest salaries. You will discover how these jobs compare to those in other European countries, and we will cover the factors that influence salaries in the Principality. We will also provide practical advice for landing a well-paid job in Monaco and improving your quality of life in this privileged environment.
At Petrini Exclusive Real Estate Monaco, we understand the appeal of the Principality and we are here to help you achieve your dream of living in Monaco. Whether you are looking to buy or rent an apartment, our expertise in Monegasque real estate allows us to offer you tailor-made service, adapted to your specific needs.
Top 10 Highest Paid Jobs
In 2025, Monaco, with its flourishing economic environment, continues to position itself as one of the most attractive territories for high-income professionals. Thanks to its advantageous tax system, first-class infrastructure and strategic sectors such as finance, specialized medicine or advanced technologies, the Principality is home to some of the best-paid jobs in Europe. These prestigious professions attract international talent seeking exceptional opportunities in terms of career, quality of life and stability. Here is a selection of the ten most lucrative jobs in Monaco, each offering high prospects for compensation and career advancement in an exclusive professional environment.
Specialist Doctor
Specialist doctors, especially those working in surgery, cardiology or oncology, are among the best-paid professionals in Monaco. Thanks to the constant demand for high-quality healthcare and the expertise required in these fields, specialist doctors benefit from very attractive salaries.
- Lowest salary: €100,000 per year
- Median salary: €150,000 per year
- Highest salary: €300,000 per year
Investment Banker
Investment bankers play a crucial role in managing finances and investments for companies and wealthy individuals. Their expertise in finance and investment strategy allows them to command high salaries and substantial bonuses.
- Lowest salary: €80,000 per year
- Median salary: €120,000 per year
- Highest salary: €250,000 per year
Business Lawyer
Lawyers specializing in business law and international law are highly sought after in Monaco. Their role in handling complex transactions and commercial litigation ensures them high pay and prestigious career prospects.
- Lowest salary: €70,000 per year
- Median salary: €110,000 per year
- Highest salary: €200,000 per year
Chief Financial Officer
Chief financial officers, responsible for managing a company’s finances, hold key positions within organizations. Their strategic role places them among the highest paid.
- Lowest salary: €90,000 per year
- Median salary: €140,000 per year
- Highest salary: €250,000 per year
Hedge Fund Manager
Hedge fund managers handle complex investment portfolios and make crucial decisions to maximize returns. Their expertise and responsibilities translate into very high salaries.
- Lowest salary: €100,000 per year
- Median salary: €180,000 per year
- Highest salary: €500,000 per year
IT Expert
IT experts, especially those specializing in cybersecurity and IT project management, are in high demand in Monaco. Their technical expertise enables them to obtain competitive compensation.
- Lowest salary: €70,000 per year
- Median salary: €100,000 per year
- Highest salary: €180,000 per year
Chief Engineer
Chief engineers, responsible for supervising technical projects and innovation within companies, are among the best-paid professionals in Monaco.
- Lowest salary: €80,000 per year
- Median salary: €130,000 per year
- Highest salary: €220,000 per year
Cosmetic Surgeon
Cosmetic surgeons specializing in aesthetic procedures are in high demand in Monaco. Their expertise and reputation allow them to earn substantial incomes.
- Lowest salary: €90,000 per year
- Median salary: €150,000 per year
- Highest salary: €300,000 per year
Wealth Manager
Wealth managers, who advise wealthy clients on the management of their assets and investments, play an important role in Monaco’s financial sector.
- Lowest salary: €70,000 per year
- Median salary: €110,000 per year
- Highest salary: €200,000 per year
Luxury Real Estate Agent
Luxury real estate agents, specializing in the sale and rental of high-end properties, benefit from substantial commissions on transactions. Their in-depth knowledge of the Monegasque real estate market and their network of wealthy clients enable them to generate considerable income.
- Lowest salary: €60,000 per year
- Median salary: €100,000 per year
- Highest salary: €300,000 per year
These professions represent the most lucrative opportunities in Monaco, offering high salaries and exceptional career prospects for those seeking a rewarding professional life in a prestigious setting.
According to the 2022 Private Sector Wage Observatory (IMSEE), the distribution of salaries in Monaco shows a marked disparity between sectors. Finance, information and communication, as well as wholesale trade, are among the most lucrative sectors. For a complete view, the following professions are particularly notable:
- Specialist Doctor: Salaries ranging from €100,000 to €300,000.
- Investment Banker: Salaries ranging from €80,000 to €250,000.
- Business Lawyer: Salaries ranging from €70,000 to €200,000.
- Chief Financial Officer: Salaries ranging from €90,000 to €250,000.
- Hedge Fund Manager: Salaries ranging from €100,000 to €500,000.
- IT Expert: Salaries ranging from €70,000 to €180,000.
- Chief Engineer: Salaries ranging from €80,000 to €220,000.
- Cosmetic Surgeon: Salaries ranging from €90,000 to €300,000.
- Wealth Manager: Salaries ranging from €70,000 to €200,000.
- Luxury Real Estate Agent: Salaries ranging from €60,000 to €300,000.
These figures clearly illustrate the diversity and competitiveness of salaries in the Principality, making Monaco a top destination for lucrative careers.
Overview of Employment in Monaco
In 2024, Monaco continues to stand out for its dynamic and expanding job market. The Principality had 75,325 jobs at the end of 2023, recording a 1.8% increase compared to 2022, and more than 25% growth over ten years. This growth demonstrates the economic strength of Monaco and its constant ability to generate professional opportunities in various sectors.
The private sector accounts for more than 91% of jobs, with 58,326 employees, confirming its predominant place in Monaco’s economy. Moreover, more than 107 million hours were worked in 2023, a new record that reflects the high intensity of economic activity in the territory.
However, the male-female distribution remains unbalanced: only 38% of private sector employees are women, a proportion that is slowly evolving despite policies in favor of professional equality. At the same time, the workforce is aging: employees aged 55 and over represent 20% of the private sector workforce, compared to 17% five years ago, posing challenges in terms of skills transfer and talent renewal.
Cross-border labor remains essential for Monaco’s economy. In 2023, Nice still accounts for more than a quarter of private sector employees, with a notable increase since 2017. Monegasque residents, meanwhile, remain a minority, occupying the fifth position in terms of nationality among private sector employees, their number having remained stable at around one thousand for a decade.
Finally, temporary work occupies a significant place, with 6,867 employees registered at the end of 2023, nearly 6,000 of whom are men. This type of employment continues to meet the short-term needs of businesses, while providing a stepping stone to permanent positions for many workers.
In summary, the job market in Monaco in 2024 confirms its dynamism, resilience and ability to attract qualified talent in a structured, stable and forward-looking economic environment.
Factors Influencing Salaries in Monaco
The demand for specific skills plays a crucial role in determining salaries in Monaco. The highest-paying sectors, such as finance, insurance and information technology, require specialized and often rare skills. For example, cybersecurity experts, fund managers and chief engineers are highly sought after due to their technical expertise and ability to manage complex projects. This strong demand leads to increased salaries to attract and retain top talent.
Jobs requiring specific skills also benefit from high salaries due to the education and experience needed to excel in these fields. Thus, professionals with advanced certifications, specialized degrees and substantial experience can negotiate higher salaries.
The level of experience and expertise is another determining factor for salaries in Monaco. Professionals with several years of experience in their field and recognized expertise can command higher salaries. For example, chief financial officers with long careers and significant experience in corporate financial management are highly valued and enjoy substantial compensation.
Companies in Monaco also value professionals who bring unique expertise or rare skills, which often translates into higher salaries. Chief engineers, cosmetic surgeons, and experienced wealth managers are examples of professions where expertise is rewarded with attractive pay.
Specific laws and regulations in Monaco also have a significant impact on salaries. The Principality offers a favorable tax environment that attracts many professionals and businesses. Tax advantages, combined with business-friendly regulations, allow employers to offer more competitive salaries.
In addition, Monaco’s labor laws, which include protections for employees and obligations for employers, help maintain high salaries. Companies are required to adhere to strict standards regarding working conditions and compensation, ensuring a certain level of stability and attractiveness of salaries in the Principality.
These combined factors create a labor market where specialized skills, experience and a favorable legal framework all play a crucial role in determining salaries. For professionals seeking lucrative opportunities, Monaco offers an environment where these elements converge to provide attractive and well-paid career prospects.
How to Get a Well-Paid Job in Monaco
To secure a well-paid job in Monaco, it is essential to have strong education, recognized qualifications, and a good understanding of the legal and professional framework specific to the Principality. The most lucrative sectors, such as finance, insurance, information technology and medicine, often require advanced degrees and specialized certifications.
It is important to note that some professions are strictly reserved for Monegasque nationals, in particular doctors, surgeons and lawyers registered with the Monaco Bar. Even if you have international experience and high-level qualifications, you will not be able to practice these regulated professions without Monegasque nationality.
1. Finance and Insurance
A degree in finance, economics or management is generally required for positions such as investment banker, chief financial officer or fund manager. Professional certifications such as the CFA (Chartered Financial Analyst) or specific qualifications in wealth management can also be very beneficial.
2. Information Technology
For IT experts, degrees in computer science, cybersecurity or software engineering are often essential. Certifications such as CISSP (Certified Information Systems Security Professional) or PMP (Project Management Professional) can greatly strengthen a job application, especially in sectors related to digital finance or sensitive data cybersecurity.
3. Medicine and Cosmetic Surgery
Specialist doctors and cosmetic surgeons must hold medical degrees, followed by specializations in their respective fields. Continuing education and additional certifications may be required to work in top-level clinics or healthcare establishments.
⚠️ Important: In Monaco, these professions are strictly reserved for Monegasque citizens. It is not possible for a foreign national to obtain authorization to practice, even if highly qualified.
4. Business Law
Business lawyers must hold a law degree, completed by specializations in international law, tax law or corporate law. Additional certifications, particularly in mediation or arbitration, are often appreciated.
⚠️ As with medicine, the profession of lawyer registered with the Monaco Bar is reserved for Monegasque nationals.
✅ Steps for non-residents
For foreign professionals who are not residents of Monaco, access to the job market is possible but subject to certain conditions. You must:
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obtain a job offer from a Monegasque company;
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apply for a work permit from the Employment Service;
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in some cases, obtain a special exemption if the position cannot be filled locally (priority is given to Monegasques and nearby residents).
Employers must demonstrate that the recruited profile is essential and that the required skills are not readily available in the territory. Senior positions requiring rare expertise are therefore the most accessible for qualified foreigners.
Finally, for freelancers or entrepreneurs, it is possible to create a company or operate as a sole trader provided that you have professional premises in Monaco and obtain approval from the princely government.
Professional Network and Local Opportunities
The professional network plays a crucial role in finding a well-paid job in Monaco. Establishing local and international connections can open doors and facilitate access to exclusive opportunities.
1. Networking Events: Attending conferences, seminars and networking events in Monaco is an excellent way to meet professionals in the sector and get known. Events organized by professional associations, chambers of commerce and industry groups offer valuable opportunities to build connections.
2. Professional Clubs and Associations: Joining professional clubs and associations in Monaco can also be very beneficial. These organizations offer opportunities for continuing education, mentoring and career development. They also allow you to stay informed about the latest trends and new job opportunities.
3. Online Networks: Using online professional platforms like LinkedIn to establish connections, join discussion groups and follow companies in your sector can also be very effective. Regularly sharing updates and relevant articles can strengthen your visibility and professional reputation.
4. Relationships with Recruiters: Working with recruiters and specialized recruitment agencies in Monaco can greatly facilitate your job search. These professionals often have access to exclusive job offers and can advise you on the best way to present your application.
In summary, to secure a well-paid job in Monaco, it is crucial to have the right qualifications and develop a strong professional network. These two aspects, combined with an in-depth knowledge of local opportunities, can greatly increase your chances of success in this competitive job market. However, some professions remain, despite the candidate’s skills, reserved for Monegasque citizens.
Salary Comparison: Monaco vs. Other Countries
Monaco has a gross median monthly salary of €3,201 in the private sector (IMSEE, 2023), which is higher than neighboring countries such as France (€2,450), Italy (€2,000) or the Netherlands (€3,000). While some countries such as Luxembourg (€4,500), Germany (€3,500), the UK (€4,400) or Switzerland (about €6,050) have comparable or even higher gross salaries, Monaco’s real strength lies in the total absence of income tax for residents.
This exceptional tax regime allows professionals living in the Principality to keep their entire gross salary, unlike employees in most European countries, who are often subject to high progressive taxes and social charges. As a result, net income in Monaco is often significantly higher, even for equivalent jobs and gross salaries.
The sectors most affected by this gap are finance, law, insurance and high technology, where experienced profiles can significantly optimize their income by settling in Monaco. This tax advantage, combined with remarkable economic stability, a secure living environment and strong demand for skilled professionals, makes Monaco a very popular destination for professionals who want to maximize their purchasing power while working in a prestigious environment.
In short, Monaco not only offers high salaries: it provides an unmatched net differential, making it a real magnet for the most ambitious international talent.
Monaco: A Land of Opportunities for Demanding Talent
In 2025, Monaco stands out as one of the most coveted territories in Europe for those who aspire to combine professional success and an extraordinary quality of life. While the Principality has long attracted the world’s fortunes, it now seduces an increasing number of highly qualified professionals wishing to evolve in a stimulating, secure and financially advantageous environment.
The diversity of the best-paid jobs in Monaco reflects the sophistication of its economy. Specialist doctors, investment bankers, fund managers, experts in emerging technologies or senior executives find rare opportunities in sectors where expertise is valued at its true worth. The salary levels reached in the Principality — often among the highest in Europe — come with a distinctive advantage: the absence of income tax for residents, which significantly optimizes available net income.
Compared to countries such as France, Switzerland, Luxembourg or Germany, Monaco stands out not only for its privileged tax system but also for the stability of its institutions, the security of its territory and the fluidity of its labor market. This unique combination turns a professional opportunity into a true life project.
Accessing these exceptional positions requires rigor, expertise and preparation. Having advanced degrees, specific certifications and actively maintaining a strong professional network are key success factors. Participating in high-level economic events, working with specialized headhunters or joining local business circles helps to better understand market dynamics and identify the most strategic opportunities.
With its expertise in the Monegasque market, Petrini Exclusive Real Estate Monaco guides its clients towards the most exclusive properties in the Principality, offering tailor-made, discreet and demanding support. Each project is handled with particular attention, respecting the codes of exceptional real estate. Whether it’s acquiring a primary residence, finding a prestigious property to rent, or securing a wealth investment, our team puts at your service an intimate knowledge of the territory and a top local network.
🎯 Monaco is not just a place to work: it’s a place to thrive. Whether you are a visionary entrepreneur, a recognized expert or a high-potential young talent, the Principality offers a rare environment to fulfill your ambitions. And we are here to open the right doors for you.
FAQ: Salary and Employment in Monaco
What are the highest paid jobs in Monaco in 2025?
The most lucrative jobs in Monaco are specialist doctor, hedge fund manager, cosmetic surgeon, investment banker, business lawyer, chief financial officer and cybersecurity expert. Salaries can reach up to €500,000 per year depending on experience and sector.
What is the median salary in Monaco in 2025?
The gross median monthly salary in Monaco is €3,201 in the private sector, according to the latest data from IMSEE published in 2024.
Is there a favorable tax system in Monaco?
Yes. Monaco residents do not pay income tax. This is one of the major factors that make net salaries much more attractive than in neighboring countries.
Can a foreigner practice medicine or law in Monaco?
No. The professions of doctor, surgeon or lawyer are reserved for Monegasque citizens. It is not possible for a foreigner, even highly qualified, to practice these professions in the Principality.
How can a non-resident work in Monaco?
A non-resident can work in Monaco if they obtain a job offer from a Monegasque company, followed by a work permit issued by the Employment Service. Some strategic positions also require a special exemption.
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