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Executive and Management Average Salaries in Norway 2020

How much money does a person working in Executive and Management make in Norway?


Average Yearly Salary
834,000 NOK
( 69,500 NOK monthly)

LOW
273,000
NOK
AVERAGE
834,000
NOK
HIGH
1,370,000
NOK

A person working in Executive and Management in Norway typically earns around 834,000 NOK per year. Salaries range from 273,000 NOK (lowest average) to 1,370,000 NOK (highest average, actual maximum salary is higher).

This is the average yearly salary including housing, transport, and other benefits. Salaries vary drastically between different Executive and Management careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Salaries for specific jobs

Job TitleAverage Salary
Account Coordinator545,000 NOK
Administration Manager659,000 NOK
Area Manager617,000 NOK
Asset Protection Associate750,000 NOK
Assistant Director662,000 NOK
Assistant Manager754,000 NOK
Assistant Operations Manager805,000 NOK
Assistant Project Manager673,000 NOK
Assistant Section Head572,000 NOK
Assistant to CEO642,000 NOK
Assistant Vice President756,000 NOK
Associate Director745,000 NOK
Bid Manager772,000 NOK
Branch Manager808,000 NOK
Business Development Manager857,000 NOK
Business Operations Associate677,000 NOK
Business Operations Lead743,000 NOK
Campaign Manager761,000 NOK
Chairman of The Board1,360,000 NOK
Chairman Office Manager861,000 NOK
Chief Corporate Officer1,040,000 NOK
Chief Executive Officer1,360,000 NOK
Chief Financial Officer1,270,000 NOK
Chief of Staff648,000 NOK
Chief Operating Officer982,000 NOK
Chief Risk Officer840,000 NOK
Client Services Manager901,000 NOK
Commercial Project Manager737,000 NOK
Commodity Broker550,000 NOK
Corporate Affairs Executive793,000 NOK
Corporate Compliance Director906,000 NOK
Corporate Director917,000 NOK
Corporate Officer626,000 NOK
Corporate Partnerships Officer620,000 NOK
Country Manager1,090,000 NOK
Deputy Director911,000 NOK
Director1,050,000 NOK
Director of Accreditation909,000 NOK
Director of Catering Services786,000 NOK
Director of Client Services875,000 NOK
Director of Facilities Management766,000 NOK
Director of Operations909,000 NOK
Director of Process Simplification713,000 NOK
Director of Project Management958,000 NOK
Director of Revenue Management823,000 NOK
Director of Training and Development833,000 NOK
Distribution Manager948,000 NOK
Division Manager802,000 NOK
Duty Manager762,000 NOK
Engagement Manager937,000 NOK
Executive Director1,310,000 NOK
Executive Manager1,120,000 NOK
Franchise Manager1,190,000 NOK
General Manager1,000,000 NOK
Global Master Data Manager906,000 NOK
Head of Middle Office822,000 NOK
Head of Projects920,000 NOK
Head of Sustainability735,000 NOK
Housing Manager693,000 NOK
HSE Manager726,000 NOK
Key Account Manager760,000 NOK
Knowledge Manager828,000 NOK
Location Manager816,000 NOK
Logistics Manager717,000 NOK
Management Consultant723,000 NOK
Management Executive979,000 NOK
Manager907,000 NOK
Managing Director1,050,000 NOK
MIS Executive940,000 NOK
Ocean Services Manager917,000 NOK
Operations Assistant664,000 NOK
Operations Director1,050,000 NOK
Operations Executive955,000 NOK
Operations Manager975,000 NOK
Operations Supervisor837,000 NOK
Policy Administration Executive780,000 NOK
Private Sector Executive812,000 NOK
Product Development Manager882,000 NOK
Product Executive750,000 NOK
Production Executive907,000 NOK
Production Manager893,000 NOK
Production Supervisor747,000 NOK
Program Manager945,000 NOK
Programme Coordinator646,000 NOK
Project Control Manager975,000 NOK
Project Coordinator573,000 NOK
Project Management Officer659,000 NOK
Project Manager649,000 NOK
Project Portfolio Manager717,000 NOK
Quality Manager745,000 NOK
R/D Director799,000 NOK
Regional Director1,220,000 NOK
Regional Manager906,000 NOK
Relationship Manager935,000 NOK
Retail District Manager617,000 NOK
Revenue Manager744,000 NOK
Risk and Capital Manager973,000 NOK
Risk Officer693,000 NOK
Safety Manager667,000 NOK
Section Head679,000 NOK
Service Manager750,000 NOK
Shift Supervisor541,000 NOK
Solutions Manager612,000 NOK
Supervisor561,000 NOK
Supply Chain Manager996,000 NOK
Surveyor601,000 NOK
Technical Manager831,000 NOK
Territory Manager893,000 NOK
Validation Manager751,000 NOK
Vice President1,060,000 NOK
Zone Manager969,000 NOK

Executive and Management Jobs Salary Distribution in Norway

Median and salary distribution yearly Norway Executive and Management
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The median, the maximum, the minimum, and the range

  • Salary Range

    Executive and Management salaries in Norway range from 273,000 NOK per year (minimum average salary) to 1,370,000 NOK per year (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 901,000 NOK per year, which means that half (50%) of people working in Executive and Management are earning less than 901,000 NOK while the other half are earning more than 901,000 NOK. 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 people working in Executive and Management are earning less than 528,000 NOK while 75% of them are earning more than 528,000 NOK. Also from the diagram, 75% of people working in Executive and Management are earning less than 1,220,000 NOK while 25% are earning more than 1,220,000 NOK.


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

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

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.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.


Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


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 Norway costs anywhere from 255,000 Norwegian Krone(s) to 765,000 Norwegian Krone(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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Executive and Management Salary Comparison By Gender

Salary comparison by gender yearly Norway Executive and Management
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Norway who work in Executive and Management earn 4% more than their female counterparts on average.

Female
817,000 NOK
Male+4%
852,000 NOK
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Norway for all Careers

Salary comparison by gender yearly Norway
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Executive and Management Average Annual Salary Increment Percentage in Norway

How much are annual salary increments in Norway for Executive and Management professionals? How often do employees get salary raises?

Executive and Management

Executive and Management professionals in Norway are likely to observe a salary increase of approximately 12% every 12 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate Norway Executive and Management
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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.

Norway / 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 Norway is 7%.

Annual Increment Rate By Industry 2019

Banking
9%
Energy
9%
Information Technology
9%
Healthcare
9%
Travel
9%
Construction
9%
Education
9%

Listed above are the average annual increase rates for each industry in Norway for the year 2019. 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

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Executive and Management Bonus and Incentive Rates in Norway

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Norway Executive and Management
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Executive and Management is considered to be a high bonus-based field 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.

17% of surveyed staff in Executive and Management reported that they haven't received any bonuses or incentives in the previous year while 83% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
83%
No Bonus
17%

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 GeneratorsSupporting 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:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries yearly Norway
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Where can you get paid more, working for a private company or for the government? Public sector employees in Norway earn 5% more than their private sector counterparts on average across all sectors.

Private Sector
596,000 NOK
Public Sector+5%
629,000 NOK
Percentage increase and decrease are relative to the previous value

Executive and Management Hourly Average Wage in Norway


400 NOK per hour

The average hourly wage (pay per hour) in Norway is 400 NOK. This means that the average person in Norway earns approximately 400 NOK 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.

Executive and Management VS Other Jobs

Salary Comparison Between Executive and Management and Executive and Management yearly Norway
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The average salary for Executive and Management is 36% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Oslo874,000 NOK
Stavanger788,000 NOK
Tromso761,000 NOK
Trondheim837,000 NOK
1140091 - 22

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