Engineering manager · Madrid, Spain
Engineering manager salary in Madrid — typical band and what it buys
First-line engineering manager owning 4-10 ICs at a tech-product company.
Data signals
What the numbers say
The pay band
A engineering manager in Madrid typically earns around 87,037 EUR (mid-market), with most offers between 68,519 EUR and 112,963 EUR.
What it nets and supports
After local tax the mid-market figure nets about 5,483 EUR/month — enough to support a premium lifestyle in Madrid.
Versus the New York benchmark
Pay for this role in Madrid runs about 40% of the New York rate before adjusting for cost of living.
Estimated band
Engineering manager gross salary in Madrid
Local-currency band derived from a $94,000 NYC P50 anchor × 0.40 city multiplier × 0.9259 EUR/USD.
What €87,037 gross buys you in Madrid
Net after Spain's effective payroll deduction, mapped to Mundevo's lifestyle tiers.
Required monthly net at each tier in Madrid
Where the P50 salary lands across Mundevo's four lifestyle tiers.
| Tier | Required net / month | Your P50 net covers it? |
|---|---|---|
| PremiumBest fit | €3,702 | Yes |
| Comfortable | €2,948 | Yes |
| Balanced | €2,411 | Yes |
| Frugal | €1,874 | Yes |
Real market data
What the market actually pays a engineering manager in Madrid
The average advertised engineering manager salary in Madrid is €70k across 49 live listings.
Market salary data via Adzuna (2026-07-11). Advertised gross pay from live listings — compare with our modelled band above.
Who this band describes
First-line engineering managers in this band own a team of 4-10 engineers, are accountable for delivery and team health, and typically retain enough technical depth to do code reviews and architectural input. Career path: 5+ years as a senior IC, then 1-3 years in management.
Public tech companies and scale-ups anchor the highest bands; equity is a major component of total compensation, often exceeding base salary at the senior-EM level. Mid-band: enterprise SaaS, fintech, regional tech leaders. Senior EMs (managing managers) sit a tier above this band — not covered here.
Common employer types at this band: Big tech, Scale-ups, Enterprise SaaS, Fintech.
Cross-check before negotiation
Mundevo's band is derived, not surveyed. For an offer conversation, anchor on at least one of these.
- Levels.fyi — strongest EM coverage at public tech companies
- Glassdoor — broader market view
- LeadDev / Plato compensation surveys — EM-specific data
FAQ
- What is a good engineering manager salary in Madrid?
- The typical engineering manager band in Madrid runs 68,519 EUR–112,963 EUR gross per year, with a median around 87,037 EUR. At or above the median is a strong offer — the P50 here supports a premium lifestyle on our cost model.
- How much does a engineering manager take home after tax in Madrid?
- On the median 87,037 EUR gross, take-home is about 5,483 EUR per month (65,800 EUR/year) after Spain's effective income tax and social security.
- Is 87,037 EUR a good engineering manager salary in Madrid?
- Yes — it's the local median and covers a premium lifestyle for a single person, with about 48% headroom over that tier's cost.