As the year draws to a close – 2022 if you are reading this in archive – we thought it good to look at salaries in the superyacht industry. So we set our friends at Mumbai Tech the task to use their AI programme and see what the internet had to say about salaries in our industry.
As a starting point for a frame of reference, we gave them the crewfinder.com web page. The results were as expected, though the starting salaries for junior crew were much lower than is advertised. And a lot of what is reported on the salaries on the mega yachts is here-say as at that level there is usually a confidentiality agreement signed covering every aspect of a crew member’s employment.
The figures that we are listing below are gross, that is before deductions for tax. Depending on your place of residence and status, tax and social contributions have to be accounted. However, as far as we know, perks such as food, travel expenses, and accommodation are not considered as taxable perks.
And of course there are the tips to be considered which are often considerable. These are taxable and should be declared. If you have tax free status as a non resident (in the UK), then there is no tax to pay anyway.
Payment in Crypto is not usual but does happen – the problem is that the recipient takes the risk and has to pay capital gains when converted into bankable funds.
In general, the bigger the yacht, the more experience is required, and the greater the salary. Crew tend to start small and move progressively upwards until they move into an on-shore position with a management company.
Also becoming more popular is the purser on shore, a variation of WFH – work from home. This trend seems to have peaked but it is commonly adopted by yachts needing continuity while replacement staff learn the MO of the yacht.
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POSITION
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30 meter | 30-45 meter | 45 to 60 meter | 60 to 90 meter | 90 + |
| Captain | Eur 80 – Eur 120,000 | Eur 120 – Eur 150,000 | Eur 150 – Eur 190,000 | Eur 192 – Eur 225,000 | Eur 225,000+ |
| First Officer | Eur 55 – Eur 65,000 | Eur 65 – Eur 75,000 | Eur 75 – Eur 90,000 | Eur 90 – Eur 95,000 | Eur 110,000+ |
| 2nd Mate/Bosun | Eur 40 – Eur 52,000 | Eur 54 – Eur 60,000 | Eur 60 – Eur 65,000 | Eur 65 – Eur 70,000 | Eur 70,000+ |
| Deckhand | Eur 30 – Eur 48,000 | Eur 48 – Eur 55,000 | Eur 55 – Eur 60,000 | Eur 60 – Eur 65,000 | Eur 65,000+ |
| Chief Engineer | Eur 72- Eur 84,000 | Eur 84 – Eur 96,000 | Eur 96 – Eur 120,000 | Eur 120 – Eur 144,000 | Eur 144,000+ |
| Assistant Engineer | Eur 48 – Eur 60,000 | Eur 60 – Eur 66,000 | Eur 66 – Eur 72,000 | Eur 72 – Eur 84,000 | Eur 84,000+ |
| Culinary Trained Chef | Eur 60 – Eur 72,000 | Eur 72 – Eur 84,000 | Eur 84 – Eur 96,000 | Eur 96 – Eur 108,000 | Eur 108,000+ |
| Chef/Cook | Eur 55 – Eur 60,000 | Eur 60 – Eur 65,000 | Eur 66 – Eur 72,000 | Eur 72 – Eur 84,000 | Eur 95,000+ |
| Chief Steward(ess)/Purser | Eur 40 – Eur 60,000 | Eur 60 – Eur 66,000 | Eur 66 – Eur 72,000 | Eur 72 – Eur 84,000 | Eur 84,000+ |
| Steward(ess) | Eur 30 – Eur 48,000 | Eur 48 – Eur 54,000 | Eur 54 – Eur 60,000 | Eur 60 – Eur 66,000 | Eur 66,000+Slary |
