How much money does an Aerospace Engineer make in Greece?
Average Monthly Salary
2,850 EUR
( 34,200 EUR yearly)
LOW
1,400
EURAVERAGE
2,850
EURHIGH
4,450
EUR
A person working as an Aerospace Engineer in Greece typically earns around 2,850 EUR per month. Salaries range from 1,400 EUR (lowest) to 4,450 EUR (highest).
This is the average monthly salary including housing, transport, and other benefits. Aerospace Engineer salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Aerospace Engineer Salary Distribution in Greece
The median, the maximum, the minimum, and the range
Salary Range
Aerospace Engineer salaries in Greece range from 1,400 EUR per month (minimum salary) to 4,450 EUR per month (maximum salary).
Median Salary
The median salary is 2,910 EUR per month, which means that half (50%) of people working as Aerospace Engineer(s) are earning less than 2,910 EUR while the other half are earning more than 2,910 EUR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Percentiles
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Aerospace Engineer(s) are earning less than 1,940 EUR while 75% of them are earning more than 1,940 EUR. Also from the diagram, 75% of Aerospace Engineer(s) are earning less than 3,750 EUR while 25% are earning more than 3,750 EUR.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
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Aerospace Engineer Salary Comparison by Years of Experience
How does experience and age affect your pay?
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Aerospace Engineer salaries by experience level and this is what we found.
An Aerospace Engineer with less than two years of experience makes approximately 1,660 EUR per month.
While someone with an experience level between two and five years is expected to earn 2,130 EUR per month, 29% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 2,940 EUR per month, 38% more than someone with two to five years of experience.
“ On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark. ”
* Based on the average change in salary over time. Salary variations differ from person to person.
Additionally, Aerospace Engineer(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 3,640 EUR per month, 24% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 3,900 EUR per month, 7% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 4,160 EUR per month, 7% more than people with fifteen to twenty years of experience.
Aerospace Engineer average salary change by experience in Greece
| 0 - 2 Years | 1,660 EUR | |
| 2 - 5 Years | +29% | 2,130 EUR |
| 5 - 10 Years | +38% | 2,940 EUR |
| 10 - 15 Years | +24% | 3,640 EUR |
| 15 - 20 Years | +7% | 3,900 EUR |
| 20+ Years | +7% | 4,160 EUR |
Percentage increase and decrease are relative to the previous value
Typical Salary Progress for Most Careers
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Aerospace Engineer Salary Comparison By Education
How do education levels affect salaries?
Displayed below is the average salary difference between different Aerospace Engineer(s) who have the same experience but different education levels.
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Aerospace Engineer salaries by education level in order to make a comparison.
When the education level is Bachelor's Degree, the average salary of an Aerospace Engineer is 2,070 EUR per month.
While someone with a Master's Degree gets a salary of 3,320 EUR per month, 60% more than someone having a Bachelor's Degree degree.
Aerospace Engineer average salary difference by education level in Greece
| Bachelor's Degree | 2,070 EUR | |
| Master's Degree | +60% | 3,320 EUR |
Percentage increase and decrease are relative to the previous value
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in Greece costs anywhere from 12,200 Euro(s) to 36,500 Euro(s) and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Aerospace Engineer Salary Comparison By Gender
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Aerospace Engineer employees in Greece earn 7% more than their female counterparts on average.
| Male | 2,930 EUR | |
| Female | -7% | 2,740 EUR |
Percentage increase and decrease are relative to the previous value
Salary Comparison By Gender in Greece for all Careers
Aerospace Engineer Average Annual Salary Increment Percentage in Greece
How much are annual salary increments in Greece for Aerospace Engineer(s)? How often do employees get salary raises?
Aerospace Engineer
Aerospace Engineer(s) in Greece are likely to observe a salary increase of approximately 12% every 16 months. The national average annual increment for all professions combined is 9% granted to employees every 16 months.
The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.
Greece / All Professions
The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency
“The average salary increase in one year (12 months) in Greece is 7%.”
Annual Increment Rate By Industry 2022
| Banking | 3% | |
| Energy | 6% | |
| Information Technology | 9% | |
| Healthcare | 3% | |
| Travel | 6% | |
| Construction | 9% | |
| Education | 3% |
Listed above are the average annual increase rates for each industry in Greece for the year 2022. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.
Worldwide Salary Raises: All Countries and All Jobs
Aerospace Engineer Bonus and Incentive Rates in Greece
How much and how often are bonuses being awarded?
An Aerospace Engineer is considered to be a moderate bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
43% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 57% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.
| Received Bonus | 57% | |
| No Bonus | 43% |
Types of Bonuses Considered
Individual Performance-Based Bonuses
The most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance Bonuses
Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based Bonuses
Granted upon achieving an important goal or milestone.
Holiday / End of Year Bonuses
These types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
“Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.”
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Aerospace Engineer Average Hourly Wage in Greece
16 EUR per hour
The average hourly wage (pay per hour) in Greece is 16 EUR. This means that the average Aerospace Engineer in Greece earns approximately 16 EUR for every worked hour.
Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )
The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
Aerospace Engineer VS Other Jobs
The average salary for Aerospace Engineer is 15% more than that of Airlines / Aviation / Aerospace / Defense. Also, Airlines / Aviation / Aerospace / Defense salaries are 2% more than those of All Jobs.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Aeronautical Engineer | 2,500 EUR |  -12% |
| Aerospace Engineer | 2,850 EUR | = |
| Aerospace Technician | 2,220 EUR | -22% |
| Air Crew Officer | 1,550 EUR | -46% |
| Air Traffic Assistant | 1,300 EUR | -54% |
| Air Traffic Controller | 2,660 EUR | -7% |
| Aircraft Captain | 3,870 EUR |  +36% |
| Aircraft Electrician | 1,330 EUR | -53% |
| Aircraft Engineer | 2,550 EUR | -11% |
| Aircraft Fueler | 1,100 EUR | -61% |
| Aircraft Maintenance Manager | 3,760 EUR | +32% |
| Aircraft Maintenance Supervisor | 2,420 EUR | -15% |
| Aircraft Maintenance Technician | 1,100 EUR | -61% |
| Aircraft Mechanic | 1,180 EUR | -59% |
| Aircraft Quality Assurance | 3,300 EUR | +16% |
| Airfield Management Specialist | 3,530 EUR | +24% |
| Airfield Operations Specialist | 2,610 EUR | -8% |
| Airline Cabin Crew | 2,290 EUR | -20% |
| Airline Copilot | 2,750 EUR | -4% |
| Airlines Sales Manager | 4,450 EUR | +56% |
| Airlines Structural Assembler | 1,060 EUR | -63% |
| Airport Services Agent | 1,570 EUR | -45% |
| Airport Services Manager | 4,880 EUR | +71% |
| Assistant Aircraft Mechanic | 1,100 EUR | -61% |
| Aviation Analyst | 3,240 EUR | +14% |
| Aviation Inspector | 2,860 EUR | +0% |
| Aviation Manager | 4,970 EUR | +74% |
| Aviation Operations Controller | 2,730 EUR | -4% |
| Aviation Resources Manager | 4,330 EUR | +52% |
| Aviation Safety Manager | 4,670 EUR | +64% |
| Aviation Safety Officer | 2,470 EUR | -13% |
| Aviation Technician | 1,120 EUR | -61% |
| Cargo Executive | 2,270 EUR | -20% |
| Chief Pilot | 4,060 EUR | +42% |
| First Officer | 1,740 EUR | -39% |
| Fleet Management Officer | 1,700 EUR | -40% |
| Flight Attendant | 1,530 EUR | -46% |
| Flight Scheduler | 2,030 EUR | -29% |
| Flight Simulation Engineer | 2,130 EUR | -25% |
| Freight and Cargo Inspector | 1,620 EUR | -43% |
| Helicopter Pilot | 2,670 EUR | -6% |
| Loading Bridge Operator | 1,060 EUR | -63% |
| Pilot | 3,900 EUR | +37% |
| Ramp Agent | 1,090 EUR | -62% |
| Reservations Sales Agent | 1,360 EUR | -52% |
| Safety and Quality Specialist | 2,410 EUR | -15% |
| Test Pilot | 2,840 EUR | -0% |
Salary Comparison By City
| City | Average Salary |
| Athens | 3,340 EUR |
Government vs Private Sector Salary Comparison
Where can you get paid more, working for a private company or for the government? Public sector employees in Greece earn 6% more than their private sector counterparts on average across all sectors.
| Private Sector | 2,370 EUR | |
| Public Sector | +6% | 2,520 EUR |
Percentage increase and decrease are relative to the previous value
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