yacht manager salary monaco

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TMC YACHTING is  the Crew Placement Agency in Monaco, dedicated to the Yachting industry.

Our Recruiting Team is made of professionals with strong and solid background in human resources selection, with experience and knowledge of the working procedures and the maritime world.

TMC YACHTING    offers a “ tailor-made service” to our customer ( Yacht Owners, Captains and Managers ) to place the right candidate to fill the required vacancy. No racial nor sex discrimination will be considered in our Searching match Criteria, while selecting the right candidate, amongst thousands of yachting professionals included in our wide and up-to-date database. The chosen crew member will be then hired directly by the Employer.

Anyone looking for job can register with TMC YACHTING in order to pursuit a career in Yachting, and find his professional working satisfaction.

The registration on-line is easy, fast, and FREE! Your sensitive data and personal details will be treated by TMC YACHTING with full respect of international laws.

TMC Yachting Jobs

The registration on-line is easy, fast, and free.

TMC YACHTING have a wide database of potential candidates, immediately available, to satisfy yours needs. We offer a "Tailor-made service" to any customer, to place the right candidate for the required positions. Please complete our Crew Search Form, to help you giving us your searching criteria; by filling the form we collect all precious informations. For complete your request, please fill in and confirm with invoice details our Terms & Condition.

This is the registration form for the Captains, Managers or Owners looking for crew .

TMC YACHTING - Terms and Conditions

Tmc yachting – yacht crew request form.

Send to: [email protected]

We have a wide variety of exciting yacht crew opportunities available worldwide.

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Are you an engineering graduate or a Junior Marine Engineer looking to enter the superyacht industry? This could be the perfect role! One of yachting's most famous names is seeking a Technical Administrator to join its engineering teams in either the London or Monaco offices. 

As the Senior Yacht Manager, you will oversee a team of Monaco-based yacht ops staff including Yacht Managers, Crew/HR Coordinators and Yacht/Client Accountants. Working closely with the DPA, Director of Yacht Management and CEO of the US office, you'll be involved in team strategy, training and development of the company management systems and processes.

One of the industries most respected names is looking to appoint a Group Retail Charter Manager to develop, grow and lead their successul and established charter business. Building on the companies name and reputation for luxury experiences, you'll work closely with the senior management team to guide the charter operation through its next phase of growth.

Facilities Manager is an onboard role with one of the industry's biggest vendors of luxury charter experiences.

One of the UK's most exciting adventure brands is looking for a Sales Manager to lead the launch of a new product within the fleet; there has been plenty of industry press coverage and palpable excitement amongst the wider yachting audience and this new role will see you driving client engagement through to sale.

Senior Interiors PM required for stunning new build project.

Are you a Captain looking to come ashore? Or perhaps you've already made the transition and are looking for the next career move?  If so, this could be a great role to consider. The client is a boutique management company with a growing fleet along with several construction projects under management, and due to ongoing growth they'd like to appoint a Yacht Operations Manager to oversee the fleet.

A great opportunity to help lead and grow one of Monaco's boutique brokerage houses with a developing presence in the Middle East.

We have a new opportunity to manage the Yacht Expedition & Travel department working closely with the Director of Yachting. You’ll be responsible for managing and overseeing Yacht Expeditions in multiple territories, establishing and managing processes and procedures to allow the smooth running of all Yacht Expeditions leasing with Brokers, Central Agencies, Management Companies, Captains, and Clients.

We have an exciting opportunity to manage the Yacht Marketing department at an international charter and adventure company.. Working closely with the Director of Yachting you’ll be responsible for managing and overseeing Yacht Marketing in multiple territories, establishing and managing the best way to bring the company to the front mind of Owners, Captains and Home Offices for the Management of their yacht. 

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Introducing Riela Yachts Monaco!

A new era of riela.

Robert Tobin and Mitch LaBrie are pleased to announce the merge of CUBE Yacht Management with Riela Yachts , giving way to a new wave of candid superyacht management services in Monaco. The Riela Yachts Monaco office is built from a dedicated and experienced team who have been working together for 10+ years from Monaco, providing services across the globe. Read our recent announcement of the change by  clicking here .

Born from a long-standing career in the maritime industry, Riela Yachts Monaco is a ‘New’ company focused solely on yacht management. ‘New’ does not mean inexperienced: in fact, Riela Yachts Monaco’s origin and current fleet of yachts derives from past loyal clients allowing us to set sail on our own adventure with Team Riela.

Founded by Mitch LaBrie, Riela Yachts Monaco are dedicated to ensuring that your yacht is impeccably managed, allowing you to enjoy every moment on the water with peace-of-mind. By focusing on bespoke service provision, we strive to exceed your expectations and provide you with an exceptional yachting experience.

Meet Our Monaco Team

Quality services start with our brilliant people, mitch labrie, delphine labrie.

"When asked by Mitch if I could provide a testimonial for him my only problem was to remember exactly how many yachts I’ve been involved with due to him over the years. I think it is 6, and on each occasion I’ve worked with him it has been an easy mix of professional and friendly support. Mitch has a background at sea and knowing that a qualified Master who understands the job is there in the background and available if required has always been very reassuring. He selects his team accordingly and I’ve enjoyed working with his accounts and yacht management assistants equally over the years. With the advent of Cube Yacht Management, knowing Mitch has set this up I am very comfortable to recommend his services to anyone needing professional, approachable yacht management services." Captain, 90M+

By joining forces with Riela Yachts, Riela Yachts Monaco offer a host of expert solutions to a myriad of loyal clients. View all solutions here , and get in touch with our Riela Yachts Monaco team today.

Streamline Your Superyacht Management

Join the New Era, Click Here.

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Managing Director, RIELA YACHTS MONACO

With over 25 years of experience in the maritime industry, Mitch has honed his expertise in yacht operations, maintenance, and consulting. His deep understanding of the industry’s intricacies, coupled with his commitment to excellence, has enabled Riela Yachts Monaco to emerge as a trusted partner for yacht owners. As a sailor, Mitch understands the importance of seamless yacht operations and prides himself on delivering exceptional service. 

He works closely with yacht owners, captains, and crew members to create customized management plans prioritizing safety, efficiency, and optimal performance. Mitch’s unwavering commitment to customer satisfaction is quickly establishing Riela Yachts Monaco as a trusted partner in the yachting industry.

Head Accountant, riela yachts monaco

Delphine is a skilled financial expert with over 20 years of practice in accounting and financial management in the maritime and private aviation industry. As Riela Yachts Monaco’s Head Accountant, Delphine oversees all financial operations, ensuring accuracy, transparency, and compliance. With her strong attention to detail and analytical skills, Delphine plays a crucial role in maintaining the financial health of our company and providing valuable insights for strategic decision-making.

YACHT MANAGER, RIELA YACHTS MONACO

Tracy is a highly experienced yacht manager with an unwavering dedication to excellence in service delivery. With a deep understanding of the superyacht industry, Tracy oversees the day-to-day operations, maintenance, and crew management of our fleet. Tracy’s exceptional organisational skills, combined with her ability to handle complex logistics and ensure exceptional guest experiences, make her an invaluable asset to our team.

ALEXANDRA HERNáNDEZ

Yacht manager.

Alexandra Hernández is Riela Yachts’ Yacht Manager. As part of this, Alexandra is the initial point of contact for our vessels; working closely with our other specialists to provide support and service coordination. Alexandra supervises crew management and plays a heavy involvement in the development and maintenance of our award-winning electronic Safety Management System (eSMS).

Born and raised in Colombia, Alexandra completed her degree as a Lawyer, and she is on track to receive her diploma in Superyacht Management.

Alexandra’s legal background and experience within the Marine & Aviation industries cover a wide range of roles, helping to gain invaluable knowledge, develop communication skills and actively cultivate solid industry relationships to deliver the highest of standards in every project.

JAY HOUGHTON

Riela group finance director.

Jay Houghton is the Riela Group Finance Director. Jay is responsible for overseeing the Financial Strategy of the Group alongside the financial reporting and control structure of the Group and its companies.

As a qualified accountant with over 30-years in the financial and service industries, Jay has built a wealth of experience in business analysis, investment appraisal, financial control and reporting.

Cameron findlay

Safety & compliance officer.

Cameron “Fin” Findlay became a part of the Riela Yachts team in late 2021, initially joining as a Trainee Yacht Safety & Compliance Assistant. Fin’s commitment and dedication have enabled him to understand the intricacies of the industry from the ground up, leading him to being promoted to Yacht Safety & Compliance Officer in 2023. Fin is now a qualified Company Security Officer (CSO), actively contributing to the implementation of Riela’s Safety Management System across our fleet, working closely alongside Clive Harrison and George Self.

Christian crompton

Product and development lead.

Christian Crompton is the Riela Yachts’ Product and Development Lead responsible for translating the requirements and operations of the Safety and Compliance team and implementing this into the forefront of the electronic Safety Management System (eSMS).

Since graduating with a first-class honours degree in Computer and Information Security in 2018, Christian has worked on designing and developing superyacht solutions using Laserfiche in the Maritime Software Industry.

With Christian’s security background and software experience streamlining business processes, Christian applies his knowledge into the Riela Yachts strategy and innovates new systems for both Riela and their clients.

Tony Partridge

Product and development specialist.

Tony Partridge is a Product and Development specialist at Riela Yachts where he will be working closely alongside Mark Bridson and Christian Crompton. Tony’s main focus is building an innovative client focused dashboard, whilst providing a new outlook and perspective to our current processes, policies and procedures.

Before joining Riela, Tony started his own web development business where he built applications and websites for a large group of different sectors, growing a strong and long-lasting clientele base. With over 10 years of experience, Tony brings a depth of knowledge and expertise to the Riela Yachts team which will be used to help progress the company’s development through the innovation and development of Riela Yachts solutions.

Robert Tobin

Riela group managing director.

Rob Tobin is the Managing Director of the Riela Group of Companies and is responsible for overseeing our business operations, our people and driving excellence in all we do.

Robert brings over 25 years of successful leadership and entrepreneurial experience across a range of industries including Family Office, corporate services, construction engineering, Superyachts, cyber security and information technology development to our Group, and to our customers.

In the past 15 years Rob has gained a prominent reputation within the Superyacht industry for his passion, integrity, innovation and achievements to date.

“Being part of an awesome, capable and forward-thinking team that have a shared passion for Superyachts, people and the environment is the highlight of my career and puts a smile on my face and a spring in my step every day”.

Clive Harrison

Operations director.

Clive Harrison is a Director at Riela Yachts and leads the Operations Team.

After a 22 year service as a Deck Officer in the UK Royal Navy, Clive moved ashore and is enjoying a second career, spanning over a decade,  in the yachting industry and relishing the challenges that this brings.

Clive brings a wealth of expertise and experience to our Company and has earned a reputation for providing a professional and pragmatic approach to the delivery of our services.

George Self

Safety & compliance manager.

George Self is a Safety & Compliance Manager and responsible for the implementation and development of operational compliance for yachts at the company.

Accruing a 10-year service of sea time, beginning as a deckhand before respectfully concluding her career as a Chief Officer, George now contributes a wealth of first-hand practice and insight into the support she now provides to yachts daily. George also brings shore side experience from her time working at a number of established Ship Management firms on the Isle of Man.

Ken Hickling

Ken Hickling is a company Director at Riela Yachts (UK) Ltd.

Ken has spent over 30 years working in the Yachting industry at Boatyards and materials manufacturers, and more recently as a Specialist Business Advisor. During this time Ken has served as International Superyacht Society (ISS) President and is currently on the Superyacht UK Executive Committee. He also works as a project leader on the ISO work group focused on Superyacht Quality.

The experience that he brings to The Riela Group in optimising our internal business processes helps to ensure that the quality of service we provide to our clients is at the highest level.

Louise Gimson

Louise Gimson is a Director, Senior Administrator and in-house HR Manager and is responsible for the day to day running of the company and client accounts at the Riela Yachts.

With an extensive background in finance, Louise brings almost twenty years’ experience in accounts within the ship management industry to Riela Yachts, where she is dedicated to implementing dynamic solutions to benefit clients.

Louise has diversified her responsibilities by taking on data handling duties within the company and in 2016 began assisting the Operations Team with internal compliance procedures.

Matthew Roberts

Head of sales.

As the Head of Group Sales at the Riela family of companies, Matthew leads the company’s sales strategy, execution, and growth.

Matthew has a successful record building trusted client relationship and delivering upon set expectations. An accomplished sales leader, he delivers a sales process that provides clients with the information and support they need to make the right decisions for their organisations and their constituents.

Matthew has significant experience within the maritime industry having previously worked across various sectors including insurance, security, satellite communications and managed IT. Matthew’s most recent experience encompasses almost 5 years spent with the leading satellite communications and managed IT provider in the maritime industry, focusing on their superyacht clientele.

Mark Bridson

Product & development specialist.

Mark Bridson is a Product and Development specialist and responsible for the integration of Laserfiche within the company and the developing of an electronic Safety Management System.

Marks career started in the Royal Air Force as a data analyst maintaining Aircraft engineering records and the provision of Aircraft statistics.

Returning to the Island Mark spent the next 25 years working in IT for an aircraft design company. In this role he provided Computer Aided Design and document management support for offices within the UK and Europe.

Moving from the Aircraft industry to Maritime, Mark has spent two years with a Yachting software solutions company using Laserfiche to design purchase ordering systems for Superyachts.

Crew Officer

Tina Dahn is a Crew Officer and responsible for the administration of yacht crew contracts, monthly payroll and crew certification at Riela Yachts.

After a 12 year service in the Royal Navy undertaking various administration and PA roles, Tina began working for the NHS in 2001 and was responsible for duties including managing payroll, recruitment and HR administration.

Tina returned to the Isle of Man to undertake the role of Crewing Officer in the superyacht industry in 2011, where she oversaw a portfolio of clients whom she provided crew employment, administration and payroll services.

Christian goelz

Christian is involved across the Riela family of companies with particular attention to the technology businesses, Cyber and Tech.

Christian gained a postgraduate Master in Finance degree at the University of Neuchatel, Switzerland and completed his MBA at the University of Chicago Booth School of Business.

Before joining us, Christian worked for six years at Argosy Capital, an Isle of Man-based private equity and venture capital business focusing on early-stage growth businesses. At Argosy, he focused on managing investment companies, research and financial analysis and served as a director on several boards.

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• 3 positions

We are Wilson Halligan

The leaders in superyacht recruitment

• Job ID #2288018
• Shore Based Position
• Starting 1st Jun 2024
• EUR (€)7,000.00 Per Month
• Posted 17th Apr 2024
• Job ID #2288011
• USD ($)6,500.00 Per Month

• Job ID #2094966
• Wilsonhalligan are looking for an experienced Vessel Manager to join a...
• Posted 28th Aug 2023

This role involves managing and ensuring smooth day-to-day operations of the yacht. Additionally, you will be working closely with marina managers, insurance teams and various other departments to ensure the yacht operates effectively and compliantly. Individuals these roles as good problem solvers as you respond to concerns and queries from the Captain. Yacht management heads have a strong understanding of financials and you ensure that the yacht budget is distributed as required.

Salary range

EUR 5000 to EUR 8000+ Per Month

Qualifications, training and skills required

• Degree in management.
• Experience in a similar role
• Knowledge of the yachting industry
• Relationship building skills

What is the average salary in Monaco depending on your situation and sector of employment?

The benefits of working in monaco.

In the minds, Monaco is a small paradise on earth where money and champagne flow freely. But what is it really? Focus on the standard of living and the benefits of Monegasque citizens and international workers.

For many, working in the Principality comes with a long list of privileges and opportunities. But do you really earn more money when you are employed in Monaco?

Minimum wages applied in Europe

Among the Member States of the European Union, 22 apply a monthly minimum wage. Yet the figures show that Europe is split into two groups highlighted by the gap in minimum wages.

On the one hand, 15 of them apply a minimum wage below €800. For the most part, they are the last to have joined the European Union in the 2000s. Among them, we find mainly Eastern countries including Bulgaria, Romania, Hungary, the Czech Republic and Slovenia.

Then, the remaining 7 apply a minimum wage of more than €1,400 per month, such as Ireland, Luxembourg, Germany and Belgium.

SMIC in France

France is one of these 7 countries that are considered to be the leaders of the European continent. Since January 1, 2022, the amount of the monthly gross minimum wage in France is €1,603.12 on the basis of 35 hours worked per week, i.e. an hourly basis of €10.57. In France, the minimum wage was increased by 1.81% in 2023. As of January 1, 2023, the SMIC is now set at 1,709.28 EUR gross per month, which is equivalent to an hourly rate of 11.06 EUR for a 35 hour working week.

But what about Monaco where the cost of living is higher and where rents can reach exorbitant prices?

The minimum wage in Monaco

Although the Principality is not part of the European Union, it is integrated into the European economic system. Thus, Monaco also applies a minimum interprofessional growth wage, as does France. In Monaco, the SMIC amounts to €1,786.33 gross on the basis of 39 hours worked per week, i.e. an hourly rate of €10.57.

Despite an hourly rate equal to that of France, Monaco does well thanks to the many large companies established there. Thus, the Rock offers more qualified positions with proportionally higher remuneration. As a result, the median gross salary is 2,450 euros in Monaco compared to 1,797 euros in France, according to the president of the Federation of Monegasque Companies (FEDEM).

In Monaco, the S.M.I.C. has been revalued from 1 January 2023, the SMIC is now set at €1,904.63 gross per month, which is equivalent to an hourly rate of €11.27 for a 39-hour working week.

Social security contributions

Salaries are expressed in gross because these are subject to several charges, which differ from one state to another. These cover, among other things, health insurance, old-age insurance and unemployment insurance. Once these expenses are subtracted, we obtain the net salary that the employee will receive.

Social security contributions in France

In France, the amount of compulsory social contributions is on average 22% of the salary received by the employee before deduction of charges.

Social security contributions in Monaco

In Monaco, the regulations on these contributions set the amount of payroll costs at 15.9%. This favorable rate influences the minimum net hourly wage, which is 16% higher than that paid in France.

Thus, we see that France collects more contributions; At equal gross salary, the most interesting salary is that of Monaco.

The advantages of working in the Principality

Working in Monaco has many advantages for foreign workers. Among other things, the political stability of the territory, its international profile with 139 nationalities, and of course its unequaled Mediterranean climate.

However, foreign workers primarily target the financial aspect, including higher wages and tax exemption for its residents.

Nevertheless, there are many other benefits for a Monegasque worker, for example:

Full employment

The Principality of Monaco is considered to be the most dynamic employment pool on the Côte d'Azur. Despite its small size, Monaco recruits, employs and creates work. According to government figures, more than 1,000 jobs are created each year.

Indeed, the limit of 2km² and 39,000 inhabitants affects local recruitment. The diversity of business sectors and the demand for skilled labor explain this search for talent outside the borders.

We will see in the last part of this article which sectors of activity are recruiting in the Principality.

Social coverage

A majority of European countries have social security for employees. In the Principality, the social coverage governed by the Caisses Sociales de Monaco (CSM) is more advantageous than in the neighboring States. The reimbursement rate for medical care is set at 80% compared to 70% in France. Expenses can even be covered at 100% for civil servants and state agents.

On the other hand, the rates applied by doctors are regulated by social security. Thus, the health professional must invoice a fixed sum according to the family quotient of the patient, determined by all the income of the family.

Another privilege of working in Monaco concerns pensions. Indeed, pensions are much higher there than in France. According to Philippe Ortelli, President of the FEDEM, pensions are 35 to 110% higher in Monaco for an equivalent career and salary.

However, retirement from Monaco is really profitable when your entire career is spent there.

In addition, the retirement age is set at 65 compared to 62 in France. However, it is possible to anticipate retirement from the age of 60 and without reduction, with a simple written request.

Social funds

Employees insured with the CCSS benefit from family aid that is significantly higher than that received in France. Among other things, we find prenatal allowances, family allowances and the schooling bonus (schooling in Monaco).

Thus, the Principality remains a highly attractive center thanks to numerous financial advantages for international workers.

Sectors recruiting in Monaco

As mentioned earlier, Monaco struggles to recruit locally, particularly due to its small population. As a result, many private companies hire foreign workers with international profiles. Among the skills required by recruiters are, among others, languages, versatility, international experience and expertise.

Focus on the sectors of activity that are recruiting in 2022 in Monaco:

Financial sector

The financial sector is predominant in the Principality for the benefit of wealthy residents and non-residents. In 2020, the Commission for the Control of Financial Activities (CCAF) listed 29 banks spread over the territory of 2km², totaling 129 billion euros deposited.

For this reason, banks are constantly recruiting private bankers, banking lawyers and computer security engineers.

Other players in the Monegasque financial center also target profiles of accountants, management controllers, auditors or even corporate lawyers.

Legal sector

Legal professions are in high demand by private companies in the Principality, but also by the State. Among these professions, corporate lawyers specializing in various fields such as business law, maritime law and contract law.

Digital sector

In recent years, the country has bet on a general digital transition, both at the institutional level and at the level of Monegasque companies. For this reason, the digital professions recruit on a large scale. Especially since the local workforce is almost non-existent according to the labor management.

Among the professions that recruit, we find developers, digital engineers, information security managers and project managers.

Many other sectors are struggling to find competent and available staff. These include personal assistance, construction, hotels and restaurants.

However, many trades are already over-represented in the territory and local competition will slow down the hiring of foreign workers. Communication, tourism, events, osteopathy, real estate and yachting are among the industries that recruit the least.

Thus, to conclude this article, we will emphasize that working in the Principality is indeed an advantage for people belonging to the surrounding geographical areas. Both in terms of salaries and in terms of the many ancillary interests (social security, pensions, quality of life). In addition, companies are actively looking for certain very specific profiles such as jobs in the financial, legal and digital sectors.

If you have found work in the Principality, our Monaco real estate agency can help you find the ideal apartment for sale or rental. Do not hesitate to contact us directly by phone at +377 92 00 16 00 or by email: [email protected]

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This elegant and bright studio, nestled in the heart of the sought-after residential area of Jardin Excotique. Offering a refined living space with a balcony. This studio promises comfort and practicality. Available from 1 April 2024, seize the chance to live in a serene and elegant setting, just a few steps from the charms and amenities of the Principality

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