r/Luxembourg • u/Outrageous_Ask869 • 6d ago

Ask Luxembourg Startup management pay

Hey folks, what is the pay range in Luxembourg for startup management?

Interviewing for a chief of staff role and want to know what I can expect.

I did check the mega thread, but couldn't find anything that wasn't tech or big corp salaries

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u/Aggravating-Fuel8764 6d ago

50k-300k

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u/Outrageous_Ask869 6d ago

Bruh, thanks 😅

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u/Aggravating-Fuel8764 6d ago

Yeah but that’s what you can expect. The position you mentioned can be either paying very low or very high depending on how much money startup will have. It could be totally random and I wouldn’t be surprised with 50k neither with 300k.

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u/Outrageous_Ask869 6d ago

What do you think is a fair ask for a role like this? Independent of what the startup is willing to pay, but based on Lux market and role's nature

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u/Aggravating-Fuel8764 6d ago

For a role like this I would say 200-250k base but this is very ballpark number. Then of course bonus depending if it’s mentioned in the agreement or only optional could be something like 50% of your base salary etc.

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u/Outrageous_Ask869 6d ago

Thanks! I thought of asking ~100k. Do you think it's reasonable?

If you were in my place, how much would it take for you to take the offer?

I'm a strategy & corporate finance consultant in MBB (three years in MBB, total of 5-6 years prof experience) also have run small family businesses for quite some years.

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u/Aggravating-Fuel8764 6d ago

Well sorry but this is just funny. 6 years of total experience and you would like to be chief of staff? What kind of company is considering you. Immediate red flag. I was thinking you are someone late 30s early 40s after several years in corporate looking to move into startup scene. I’m sorry but don’t know what to recommend you in this situation, the whole story doesn’t look professional and reliable.

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u/Outrageous_Ask869 6d ago

It's regular practice these days. I am actually arguably a bit over qualified.

CEO office or department heads in larger corporates hire so called chief of staff or associate to CxO from a poll of people with 2-5 years of experience in consulting/VC/IB. In essence they are just CEO/head of departments' little helpers. It's quite common these days.