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Chief Executive Officer Average Salary in Denmark 2020

How much money does a Chief Executive Officer make in Denmark?

Average Monthly Salary
292,000 DKK
( 3,500,000 DKK yearly)


A person working as a Chief Executive Officer in Denmark typically earns around 292,000 DKK per month. Salaries range from 152,000 DKK (lowest) to 446,000 DKK (highest).

This is the average monthly salary including housing, transport, and other benefits. Chief Executive Officer salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Chief Executive Officer Salary Distribution in Denmark

Median and salary distribution monthly Denmark Chief Executive Officer
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The median, the maximum, the minimum, and the range

  • Salary Range

    Chief Executive Officer salaries in Denmark range from 152,000 DKK per month (minimum salary) to 446,000 DKK per month (maximum salary).

  • Median Salary

    The median salary is 280,000 DKK per month, which means that half (50%) of people working as Chief Executive Officer(s) are earning less than 280,000 DKK while the other half are earning more than 280,000 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.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Chief Executive Officer(s) are earning less than 194,000 DKK while 75% of them are earning more than 194,000 DKK. Also from the diagram, 75% of Chief Executive Officer(s) are earning less than 349,000 DKK while 25% are earning more than 349,000 DKK.

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

Chief Executive Officer Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Denmark Chief Executive Officer
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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 Chief Executive Officer salaries by experience level and this is what we found.

A Chief Executive Officer with less than two years of experience makes approximately 172,000 DKK per month.

While someone with an experience level between two and five years is expected to earn 231,000 DKK per month, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 300,000 DKK per month, 30% more than someone with two to five years of experience.

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.

Additionally, Chief Executive Officer(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 364,000 DKK per month, 21% 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 398,000 DKK per month, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 418,000 DKK per month, 5% more than people with fifteen to twenty years of experience.

Chief Executive Officer average salary change by experience in Denmark

0 - 2 Years
172,000 DKK
2 - 5 Years+34%
231,000 DKK
5 - 10 Years+30%
300,000 DKK
10 - 15 Years+21%
364,000 DKK
15 - 20 Years+9%
398,000 DKK
20+ Years+5%
418,000 DKK
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Chief Executive Officer Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Chief Executive Officer(s) who have the same experience but different education levels.

Salary comparison by education level monthly Denmark Chief Executive Officer
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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 Chief Executive Officer salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Chief Executive Officer is 163,000 DKK per month.

While someone with a Certificate or Diploma gets a salary of 193,000 DKK per month, 18% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 261,000 DKK per month, 35% more than someone with a Certificate or Diploma.

Professionals who hold a Master's Degree are rewarded with an average salary of 375,000 DKK per month, 44% more than someone with Bachelor's Degree.

PhD holders are compensated with wage equivelant to 443,000 DKK per month, 18% more than someone with Master's Degree.

Chief Executive Officer average salary difference by education level in Denmark

High School
163,000 DKK
Certificate or Diploma+18%
193,000 DKK
Bachelor's Degree+35%
261,000 DKK
Master's Degree+44%
375,000 DKK
443,000 DKK
Percentage increase and decrease are relative to the previous value

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 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.

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Chief Executive Officer Salary Comparison By Gender

Salary comparison by gender monthly Denmark Chief Executive Officer
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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 Chief Executive Officer employees in Denmark earn 4% more than their female counterparts.

286,000 DKK
298,000 DKK
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Denmark for all Careers

Salary comparison by gender monthly Denmark
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Chief Executive Officer Average Annual Salary Increment Percentage in Denmark

How much are annual salary increments in Denmark for Chief Executive Officer(s)? How often do employees get salary raises?

Chief Executive Officer

Chief Executive Officer(s) in Denmark are likely to observe a salary increase of approximately 15% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate Denmark Chief Executive Officer
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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.

Denmark / All Professions

Annual Salary Increment Rate Denmark
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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 Denmark is 7%.

Annual Increment Rate By Industry 2019

Information Technology

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.

Worldwide Salary Raises: All Countries and All Jobs

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Chief Executive Officer Bonus and Incentive Rates in Denmark

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Denmark Chief Executive Officer
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A Chief Executive Officer is considered to be a high 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.

18% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 82% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.

Received Bonus
No Bonus

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.

A graphics designer working for a graphics designing company.

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 monthly Denmark
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Where can you get paid more, working for a private company or for the government? Public sector Chief Executive Officer employees in Denmark earn 6% more than their private sector counterparts.

Private Sector
133,000 DKK
Public Sector+6%
140,000 DKK
Percentage increase and decrease are relative to the previous value

Chief Executive Officer Salary Trend and Forecast in Denmark

How are Chief Executive Officer salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Denmark Chief Executive Officer
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Average Salary 2016
259,000 DKK
Average Salary 2017+4%
268,000 DKK
Average Salary 2018+2%
274,000 DKK
Average Salary 2019+3%
281,000 DKK
Percentage increase and decrease are relative to the previous value

Chief Executive Officer 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 3% 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.

Chief Executive Officer Average Hourly Wage in Denmark

1,680 DKK per hour

The average hourly wage (pay per hour) in Denmark is 1,680 DKK. This means that the average Chief Executive Officer in Denmark earns approximately 1,680 DKK 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.

Chief Executive Officer VS Other Jobs

Salary Comparison Between Chief Executive Officer and Executive and Management monthly Denmark
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The average salary for Chief Executive Officer is 57% more than that of Executive and Management. Also, Executive and Management salaries are 36% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Coordinator127,000 DKK-56%
Administration Manager148,000 DKK-49%
Area Manager143,000 DKK-51%
Asset Protection Associate160,000 DKK-45%
Assistant Director159,000 DKK-45%
Assistant Manager172,000 DKK-41%
Assistant Operations Manager175,000 DKK-40%
Assistant Project Manager154,000 DKK-47%
Assistant Section Head130,000 DKK-55%
Assistant to CEO139,000 DKK-52%
Assistant Vice President162,000 DKK-44%
Associate Director161,000 DKK-45%
Bid Manager171,000 DKK-41%
Branch Manager174,000 DKK-40%
Business Development Manager200,000 DKK-31%
Business Operations Associate163,000 DKK-44%
Business Operations Lead161,000 DKK-45%
Campaign Manager171,000 DKK-41%
Chairman of The Board299,000 DKK+3%
Chairman Office Manager188,000 DKK-36%
Chief Corporate Officer243,000 DKK-17%
Chief Executive Officer292,000 DKK+0%
Chief Financial Officer274,000 DKK-6%
Chief of Staff133,000 DKK-54%
Chief Operating Officer218,000 DKK-25%
Chief Risk Officer192,000 DKK-34%
Client Services Manager198,000 DKK-32%
Commercial Project Manager166,000 DKK-43%
Commodity Broker125,000 DKK-57%
Corporate Affairs Executive177,000 DKK-39%
Corporate Compliance Director193,000 DKK-34%
Corporate Director214,000 DKK-27%
Corporate Officer146,000 DKK-50%
Corporate Partnerships Officer138,000 DKK-53%
Country Manager239,000 DKK-18%
Deputy Director213,000 DKK-27%
Director233,000 DKK-20%
Director of Accreditation191,000 DKK-34%
Director of Catering Services182,000 DKK-38%
Director of Client Services197,000 DKK-32%
Director of Facilities Management160,000 DKK-45%
Director of Operations191,000 DKK-34%
Director of Process Simplification158,000 DKK-46%
Director of Project Management208,000 DKK-29%
Director of Revenue Management180,000 DKK-38%
Director of Training and Development191,000 DKK-34%
Distribution Manager195,000 DKK-33%
Division Manager168,000 DKK-42%
Duty Manager167,000 DKK-43%
Engagement Manager216,000 DKK-26%
Executive Director298,000 DKK+2%
Executive Manager247,000 DKK-15%
Franchise Manager261,000 DKK-10%
General Manager226,000 DKK-22%
Global Master Data Manager207,000 DKK-29%
Head of Middle Office194,000 DKK-33%
Head of Projects200,000 DKK-31%
Head of Sustainability173,000 DKK-41%
Housing Manager153,000 DKK-48%
HSE Manager165,000 DKK-43%
Key Account Manager171,000 DKK-41%
Knowledge Manager199,000 DKK-32%
Location Manager196,000 DKK-33%
Logistics Manager148,000 DKK-49%
Management Consultant162,000 DKK-44%
Management Executive217,000 DKK-26%
Manager194,000 DKK-33%
Managing Director236,000 DKK-19%
MIS Executive199,000 DKK-32%
Ocean Services Manager209,000 DKK-28%
Operations Assistant139,000 DKK-52%
Operations Director226,000 DKK-22%
Operations Executive221,000 DKK-24%
Operations Manager230,000 DKK-21%
Operations Supervisor176,000 DKK-40%
Policy Administration Executive167,000 DKK-43%
Private Sector Executive176,000 DKK-40%
Product Development Manager204,000 DKK-30%
Product Executive169,000 DKK-42%
Production Executive202,000 DKK-31%
Production Manager193,000 DKK-34%
Production Supervisor167,000 DKK-43%
Program Manager203,000 DKK-30%
Programme Coordinator146,000 DKK-50%
Project Control Manager200,000 DKK-31%
Project Coordinator122,000 DKK-58%
Project Management Officer143,000 DKK-51%
Project Manager144,000 DKK-51%
Project Portfolio Manager154,000 DKK-47%
Quality Manager164,000 DKK-44%
R/D Director172,000 DKK-41%
Regional Director268,000 DKK-8%
Regional Manager200,000 DKK-31%
Relationship Manager205,000 DKK-30%
Retail District Manager143,000 DKK-51%
Revenue Manager158,000 DKK-46%
Risk and Capital Manager223,000 DKK-24%
Risk Officer158,000 DKK-46%
Safety Manager149,000 DKK-49%
Section Head147,000 DKK-50%
Service Manager156,000 DKK-47%
Shift Supervisor119,000 DKK-59%
Solutions Manager147,000 DKK-50%
Supervisor122,000 DKK-58%
Supply Chain Manager215,000 DKK-26%
Surveyor138,000 DKK-53%
Technical Manager187,000 DKK-36%
Territory Manager198,000 DKK-32%
Validation Manager176,000 DKK-40%
Vice President253,000 DKK-13%
Zone Manager210,000 DKK-28%

Salary Comparison By City

CityAverage Salary
Copenhagen337,000 DKK
89167 - 2

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