A person working as a Financial Analyst in Denmark typically earns around 139,000 DKK per month. Salaries range from 73,600 DKK (lowest) to 211,000 DKK (highest).
This is the average monthly salary including housing, transport, and other benefits. Financial Analyst salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Financial Analyst salaries in Denmark range from 73,600 DKK per month (minimum salary) to 211,000 DKK per month (maximum salary).
The median salary is 131,000 DKK per month, which means that half (50%) of people working as Financial Analyst(s) are earning less than 131,000 DKK while the other half are earning more than 131,000 DKK. 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.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Financial Analyst(s) are earning less than 91,900 DKK while 75% of them are earning more than 91,900 DKK. Also from the diagram, 75% of Financial Analyst(s) are earning less than 161,000 DKK while 25% are earning more than 161,000 DKK.
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
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Financial Analyst salaries by experience level and this is what we found.
A Financial Analyst with less than two years of experience makes approximately 84,600 DKK per month.
While someone with an experience level between two and five years is expected to earn 104,000 DKK per month, 23% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 147,000 DKK per month, 42% more than someone with two to five years of experience.
Additionally, Financial Analyst(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 172,000 DKK per month, 17% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 189,000 DKK per month, 10% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 200,000 DKK per month, 6% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+23%|
|5 - 10 Years||+42%|
|10 - 15 Years||+17%|
|15 - 20 Years||+10%|
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Financial Analyst salaries by education level in order to make a comparison.
When the education level is High School, the average salary of a Financial Analyst is 102,000 DKK per month.
While someone with a Certificate or Diploma gets a salary of 116,000 DKK per month, 13% more than someone having a High School degree.
A Bachelor's Degree gets its holder an average salary of 152,000 DKK per month, 31% more than someone with a Certificate or Diploma.
Professionals who hold a Master's Degree are rewarded with an average salary of 200,000 DKK per month, 32% more than someone with Bachelor's Degree.
|Certificate or Diploma||+13%|
A Master's degree program or any post-graduate program in Denmark costs anywhere from 683,000 Danish Krone(s) to 2,050,000 Danish 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 the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Financial Analyst employees in Denmark earn 4% more than their female counterparts.
Financial Analyst(s) in Denmark are likely to observe a salary increase of approximately 12% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.
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.
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
Listed above are the average annual increase rates for each industry in Denmark 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.
A Financial Analyst is considered to be a moderate bonus-based job 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.
47% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 53% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 3% to 5% of their annual salary.
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.
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.
The main two types of jobs
|Revenue Generators||Supporting 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.
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.
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.
Where can you get paid more, working for a private company or for the government? Public sector Financial Analyst employees in Denmark earn 6% more than their private sector counterparts.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+2%|
|Average Salary 2019||+2%|
Financial Analyst salaries in Denmark are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 2% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.
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.
The average salary for Financial Analyst is 5% more than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% less than those of All Jobs.
|Job Title||Average Salary|
|Account Examiner||82,100 DKK||-41%|
|Account Executive||131,000 DKK||-6%|
|Accounting Assistant||86,000 DKK||-38%|
|Accounting Associate||86,200 DKK||-38%|
|Accounting Clerk||66,500 DKK||-52%|
|Accounting Coordinator||73,800 DKK||-47%|
|Accounting Manager||176,000 DKK||+27%|
|Accounting Supervisor||122,000 DKK||-12%|
|Accounting Technician||83,100 DKK||-40%|
|Accounts Executive||119,000 DKK||-14%|
|Accounts Payable and Receivable Specialist||106,000 DKK||-24%|
|Accounts Payable Clerk||66,000 DKK||-52%|
|Accounts Payable Manager||142,000 DKK||+2%|
|Accounts Receivable Clerk||72,000 DKK||-48%|
|Accounts Receivable Manager||153,000 DKK||+10%|
|Assistant Accounting Manager||112,000 DKK||-19%|
|Assistant Auditor||99,700 DKK||-28%|
|Audit Supervisor||180,000 DKK||+30%|
|Auditing Clerk||91,000 DKK||-34%|
|Auditing Manager||176,000 DKK||+27%|
|Billing Coordinator||107,000 DKK||-23%|
|Billing Specialist||103,000 DKK||-26%|
|Billing Supervisor||131,000 DKK||-6%|
|Bookkeeping Specialist||95,000 DKK||-32%|
|Budget Analyst||103,000 DKK||-26%|
|Budget Manager||160,000 DKK||+15%|
|Business Support Analyst||122,000 DKK||-12%|
|Capital Markets Associate||145,000 DKK||+4%|
|Cash Flow Analyst||129,000 DKK||-7%|
|Cash Management Officer||123,000 DKK||-11%|
|Cashbook Clerk||86,500 DKK||-38%|
|Chartered Accountant||120,000 DKK||-14%|
|Collections Clerk||67,400 DKK||-51%|
|Collections Specialist||91,200 DKK||-34%|
|Corporate Treasurer||241,000 DKK||+74%|
|Cost Accountant||105,000 DKK||-24%|
|Cost Accounting Manager||140,000 DKK||+1%|
|Cost Analyst||140,000 DKK||+1%|
|Credit and Collection Manager||155,000 DKK||+12%|
|Credit and Collection Staff||73,700 DKK||-47%|
|Credit and Loans Officer||75,500 DKK||-46%|
|Credit Controller||127,000 DKK||-9%|
|Debt Adviser||163,000 DKK||+17%|
|Debt Collector||110,000 DKK||-21%|
|Debtors Clerk||94,000 DKK||-32%|
|Deputy CFO||236,000 DKK||+70%|
|Derivative Trader||180,000 DKK||+30%|
|Escrow Assistant||109,000 DKK||-22%|
|External Auditor||138,000 DKK||-1%|
|Finance Associate||97,200 DKK||-30%|
|Finance Executive||221,000 DKK||+59%|
|Finance Licensing Clerk||82,200 DKK||-41%|
|Finance Licensing Manager||139,000 DKK||+0%|
|Finance Licensing Specialist||105,000 DKK||-24%|
|Finance Officer||157,000 DKK||+13%|
|Finance President||262,000 DKK||+89%|
|Finance Relationship Manager||192,000 DKK||+38%|
|Finance Release Analyst||123,000 DKK||-11%|
|Finance Team Leader||143,000 DKK||+3%|
|Financial Actuary||127,000 DKK||-9%|
|Financial Administrator||110,000 DKK||-21%|
|Financial Analyst||139,000 DKK||+0%|
|Financial Applications Specialist||87,500 DKK||-37%|
|Financial Assistant||84,100 DKK||-39%|
|Financial Associate||96,000 DKK||-31%|
|Financial Claims Analyst||125,000 DKK||-10%|
|Financial Claims Manager||136,000 DKK||-2%|
|Financial Commercial Analyst||119,000 DKK||-14%|
|Financial Compliance Analyst||139,000 DKK||+0%|
|Financial Consultant||130,000 DKK||-6%|
|Financial Controller||124,000 DKK||-11%|
|Financial Coordinator||114,000 DKK||-18%|
|Financial Customer Service Manager||162,000 DKK||+17%|
|Financial Dealer and Broker||124,000 DKK||-11%|
|Financial Encoder||76,100 DKK||-45%|
|Financial Manager||255,000 DKK||+84%|
|Financial Operations Manager||189,000 DKK||+36%|
|Financial Policy Analyst||131,000 DKK||-6%|
|Financial Project Manager||125,000 DKK||-10%|
|Financial Quantitative Analyst||150,000 DKK||+8%|
|Financial Reporting Consultant||127,000 DKK||-9%|
|Financial Reporting Manager||159,000 DKK||+14%|
|Financial Services Sales Agent||114,000 DKK||-18%|
|Fixed Assets Administrator||106,000 DKK||-24%|
|Forensic Accountant||108,000 DKK||-22%|
|Fraud Detection Supervisor||121,000 DKK||-13%|
|Fraud Prevention Manager||195,000 DKK||+40%|
|Fund Accountant||96,300 DKK||-31%|
|Grants Coordinator||81,400 DKK||-41%|
|Internal Auditor||134,000 DKK||-4%|
|Internal Control Adviser||136,000 DKK||-2%|
|Internal Control Officer||121,000 DKK||-13%|
|Inventory Accountant||218,000 DKK||+57%|
|Investment Analyst||172,000 DKK||+24%|
|Investment Fund Manager||182,000 DKK||+31%|
|Investment Underwriter||78,200 DKK||-44%|
|Investor Relations Manager||158,000 DKK||+14%|
|KYC Team Leader||157,000 DKK||+13%|
|Management Economist||141,000 DKK||+2%|
|Payroll Clerk||79,800 DKK||-43%|
|Payroll Manager||130,000 DKK||-6%|
|Pensions Administrator||98,200 DKK||-29%|
|Pricing Analyst||142,000 DKK||+2%|
|Private Equity Analyst||153,000 DKK||+10%|
|Proposal Development Coordinator||96,600 DKK||-30%|
|Receivables Accountant||87,100 DKK||-37%|
|Regulatory Accountant||104,000 DKK||-25%|
|Retirement Plan Analyst||132,000 DKK||-5%|
|Revenue Management Specialist||118,000 DKK||-15%|
|Revenue Recognition Analyst||164,000 DKK||+18%|
|Risk Management Director||201,000 DKK||+45%|
|Risk Management Supervisor||164,000 DKK||+18%|
|Tax Accountant||98,400 DKK||-29%|
|Tax Advisor||135,000 DKK||-3%|
|Tax Associate||101,000 DKK||-27%|
|Tax Manager||188,000 DKK||+35%|
|Treasury Accountant||101,000 DKK||-27%|
|Treasury Analyst||146,000 DKK||+5%|
|Underwriting Assistant||75,100 DKK||-46%|
|Vice President of Finance||186,000 DKK||+34%|