Wind Energy Engineer Average Salary in Faroe Islands 2022
How much money does a Wind Energy Engineer make in Faroe Islands?
LOW
11,500
DKK AVERAGE
22,900
DKK HIGH
35,500
DKK
A person working as a Wind Energy Engineer in Faroe Islands typically earns around 22,900 DKK per month. Salaries range from 11,500 DKK (lowest) to 35,500 DKK (highest).
This is the average monthly salary including housing, transport, and other benefits. Wind Energy Engineer salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Wind Energy Engineer Salary Distribution in Faroe Islands
The median, the maximum, the minimum, and the range
Salary Range
Wind Energy Engineer salaries in Faroe Islands range from 11,500 DKK per month (minimum salary) to 35,500 DKK per month (maximum salary).
Median Salary
The median salary is 22,900 DKK per month, which means that half (50%) of people working as Wind Energy Engineer(s) are earning less than 22,900 DKK while the other half are earning more than 22,900 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 Wind Energy Engineer(s) are earning less than 15,500 DKK while 75% of them are earning more than 15,500 DKK. Also from the diagram, 75% of Wind Energy Engineer(s) are earning less than 29,200 DKK while 25% are earning more than 29,200 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
Wind Energy Engineer Salary Comparison by Years of Experience
How does experience and age affect your pay?
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 Wind Energy Engineer salaries by experience level and this is what we found.
A Wind Energy Engineer with less than two years of experience makes approximately 13,800 DKK per month.
While someone with an experience level between two and five years is expected to earn 18,200 DKK per month, 32% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 24,300 DKK per month, 34% more than someone with two to five years of experience.
Additionally, Wind Energy Engineer(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 29,000 DKK per month, 19% 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 31,300 DKK per month, 8% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 33,600 DKK per month, 7% more than people with fifteen to twenty years of experience.
Wind Energy Engineer average salary change by experience in Faroe Islands
| 0 - 2 Years | 13,800 DKK | |
| 2 - 5 Years | +32% | 18,200 DKK |
| 5 - 10 Years | +34% | 24,300 DKK |
| 10 - 15 Years | +19% | 29,000 DKK |
| 15 - 20 Years | +8% | 31,300 DKK |
| 20+ Years | +7% | 33,600 DKK |
Typical Salary Progress for Most Careers
Wind Energy Engineer Salary Comparison By Education
How do education levels affect salaries?
Displayed below is the average salary difference between different Wind Energy Engineer(s) who have the same experience but different education levels.
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 Wind Energy Engineer salaries by education level in order to make a comparison.
When the education level is Bachelor's Degree, the average salary of a Wind Energy Engineer is 19,700 DKK per month.
While someone with a Master's Degree gets a salary of 31,000 DKK per month, 58% more than someone having a Bachelor's Degree degree.
Wind Energy Engineer average salary difference by education level in Faroe Islands
| Bachelor's Degree | 19,700 DKK | |
| Master's Degree | +58% | 31,000 DKK |
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 Faroe Islands costs anywhere from 134,000 Danish Krone(s) to 401,000 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
Wind Energy Engineer Salary Comparison By Gender
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Wind Energy Engineer employees in Faroe Islands earn 6% more than their female counterparts on average.
| Male | 23,600 DKK | |
| Female | -6% | 22,100 DKK |
Salary Comparison By Gender in Faroe Islands for all Careers
Wind Energy Engineer Average Annual Salary Increment Percentage in Faroe Islands
How much are annual salary increments in Faroe Islands for Wind Energy Engineer(s)? How often do employees get salary raises?
Wind Energy Engineer
Wind Energy Engineer(s) in Faroe Islands are likely to observe a salary increase of approximately 7% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.
Faroe Islands / 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
Annual Increment Rate By Industry 2021
| Banking | 8% | |
| Energy | 7% | |
| Information Technology | 6% | |
| Healthcare | 5% | |
| Travel | 4% | |
| Construction | 3% | |
| Education | 2% |
Listed above are the average annual increase rates for each industry in Faroe Islands for the year 2021. 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
Wind Energy Engineer Bonus and Incentive Rates in Faroe Islands
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/faroe-islands/engineering/wind-energy-engineer/annual-salary-bonus-rate-faroe-islands-wind-energy-engineer.jpg
A Wind Energy Engineer is considered to be a low 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.
88% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 12% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 0% to 3% of their annual salary.
| Received Bonus | 12% | |
| No Bonus | 88% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 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. |
Example: | Example: |
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.
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.
Wind Energy Engineer Average Hourly Wage in Faroe Islands
130 DKK per hourThe average hourly wage (pay per hour) in Faroe Islands is 130 DKK. This means that the average Wind Energy Engineer in Faroe Islands earns approximately 130 DKK for every worked hour.
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.
Wind Energy Engineer VS Other Jobs
The average salary for Wind Energy Engineer is 2% more than that of Engineering. Also, Engineering salaries are 16% less than those of All Jobs.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Acoustics Engineer | 22,900 DKK |  -0% |
| Assembly Engineering Technician | 18,000 DKK | -22% |
| Assistant Chief Engineer | 25,300 DKK |  +10% |
| Associate Engineer | 20,100 DKK | -12% |
| Autocad Operator | 14,600 DKK | -36% |
| Automation Engineer | 23,800 DKK | +4% |
| Avionic System Support Engineer | 22,600 DKK | -1% |
| Biochemical Engineer | 20,400 DKK | -11% |
| BMS Engineer | 20,800 DKK | -9% |
| Bridge and Lock Tender | 12,000 DKK | -48% |
| Broadcast Engineer | 23,200 DKK | +1% |
| CAD Design Engineer | 22,800 DKK | -1% |
| CAD Designer | 14,900 DKK | -35% |
| CAE Engineer | 23,000 DKK | +0% |
| Ceramics Engineer | 20,100 DKK | -12% |
| Civil Engineer | 24,400 DKK | +6% |
| Commissioning Engineer | 21,400 DKK | -7% |
| Communications Engineer | 24,800 DKK | +8% |
| Condition Monitoring Engineer | 19,600 DKK | -15% |
| Contract Associate Engineer | 20,800 DKK | -9% |
| Control Systems Engineer | 23,300 DKK | +2% |
| Controls Engineer | 21,800 DKK | -5% |
| Controls Software Engineer | 20,300 DKK | -11% |
| Corrosion Engineer | 21,300 DKK | -7% |
| Design Engineer | 23,500 DKK | +2% |
| Drafter | 14,700 DKK | -36% |
| Drafting Manager | 26,300 DKK | +15% |
| Drilling Engineer | 21,700 DKK | -5% |
| Electrical Draughtsman | 12,200 DKK | -47% |
| Electrical Engineer | 26,300 DKK | +15% |
| Electrical Engineering Manager | 33,500 DKK | +46% |
| Electromechanical Engineering Technologist | 23,800 DKK | +4% |
| Electromechanical Equipment Assembler | 12,500 DKK | -45% |
| Energy Engineer | 24,800 DKK | +8% |
| Engine Assembler | 9,860 DKK | -57% |
| Engineer | 23,900 DKK | +4% |
| Engineering Account Manager | 26,100 DKK | +14% |
| Engineering Chief Designer | 26,000 DKK | +13% |
| Engineering Consultant | 31,100 DKK | +36% |
| Engineering Key Account Manager | 34,400 DKK | +50% |
| Engineering Lab Technician | 21,700 DKK | -5% |
| Engineering Planning Manager | 33,400 DKK | +46% |
| Engineering Production Manager | 39,600 DKK | +73% |
| Engineering Project Analyst | 27,000 DKK | +18% |
| Engineering Project Coordinator | 26,400 DKK | +15% |
| Engineering Project Director | 46,600 DKK | +100% |
| Engineering Project Manager | 31,700 DKK | +38% |
| Engineering Research and Development Manager | 35,300 DKK | +54% |
| Engineering Safety Coordinator | 17,200 DKK | -25% |
| Engineering Sales Manager | 30,800 DKK | +34% |
| Engineering Technician | 17,500 DKK | -24% |
| Engineering Technologist | 18,000 DKK | -22% |
| Environmental Engineer | 21,500 DKK | -6% |
| Equipment Engineer | 21,500 DKK | -6% |
| Equipment Engineering Manager | 30,200 DKK | +32% |
| Estimator | 19,700 DKK | -14% |
| Fabrication Specialist | 16,000 DKK | -30% |
| Fabricator | 11,000 DKK | -52% |
| Facade Engineer | 22,900 DKK | -0% |
| Fiber Analyst | 13,600 DKK | -41% |
| Field Engineer | 23,100 DKK | +1% |
| Field Engineering Manager | 40,400 DKK | +76% |
| Fire Engineer | 22,400 DKK | -2% |
| Fitter and Turner | 7,680 DKK | -67% |
| Forestry Strategic Planner | 27,300 DKK | +19% |
| Generation Engineer | 22,600 DKK | -1% |
| Genetic Engineer | 26,100 DKK | +14% |
| Geological Engineer | 22,700 DKK | -1% |
| Geotechnical Engineer | 24,700 DKK | +8% |
| Heavy Equipment Mechanic | 12,300 DKK | -46% |
| Highway Engineer | 22,500 DKK | -2% |
| HSE Professional | 20,400 DKK | -11% |
| HVAC Engineer | 25,800 DKK | +13% |
| HVAC Supervisor | 20,300 DKK | -11% |
| Industrial Engineer | 22,700 DKK | -1% |
| Industrial Engineering Technologist | 23,000 DKK | +0% |
| Instrument Engineer | 22,800 DKK | -1% |
| Instrumentation and Control Engineer | 23,400 DKK | +2% |
| Instrumentation Engineer | 23,200 DKK | +1% |
| Instrumentation Manager | 22,100 DKK | -4% |
| Irrigation Engineer | 22,200 DKK | -3% |
| Licensed Aircraft Engineer | 25,100 DKK | +9% |
| Locomotive Engineer | 22,100 DKK | -4% |
| Maintenance Engineer | 20,800 DKK | -9% |
| Maintenance Fitter | 8,110 DKK | -65% |
| Maintenance Manager | 23,100 DKK | +1% |
| Manufacturing Engineer | 23,000 DKK | +0% |
| Marine Engineer | 23,300 DKK | +2% |
| Materials Engineer | 22,100 DKK | -4% |
| Materials Researcher | 21,500 DKK | -6% |
| Materials Technician | 16,200 DKK | -29% |
| Mechanical and Electrical Engineer | 25,000 DKK | +9% |
| Mechanical Design Engineer | 25,400 DKK | +11% |
| Mechanical Designer | 20,000 DKK | -13% |
| Mechanical Engineer | 25,700 DKK | +12% |
| Mechanical Engineering Manager | 32,900 DKK | +43% |
| Mechanical Inspector | 21,600 DKK | -6% |
| Mechatronics Engineer | 25,700 DKK | +12% |
| Mining Engineer | 23,600 DKK | +3% |
| Oil and Petrochemical Engineer | 24,100 DKK | +5% |
| Optical Engineer | 21,900 DKK | -5% |
| Optical Instrument Assembler | 12,300 DKK | -46% |
| PCB Assembler | 8,430 DKK | -63% |
| Photonics Engineer | 26,000 DKK | +13% |
| Photonics Technician | 20,600 DKK | -10% |
| Pipeline Engineer | 21,900 DKK | -5% |
| Piping Designer | 12,600 DKK | -45% |
| Piping Engineer | 20,700 DKK | -10% |
| Planning Engineer | 24,500 DKK | +7% |
| Pressure Vessel Inspector | 10,500 DKK | -54% |
| Principal Cost Engineer | 23,600 DKK | +3% |
| Principal Engineer | 23,400 DKK | +2% |
| Principal Support Engineer | 22,700 DKK | -1% |
| Process Engineer | 23,500 DKK | +2% |
| Process Operator | 13,900 DKK | -39% |
| Product Development Engineer | 24,000 DKK | +5% |
| Product Development Technician | 16,900 DKK | -26% |
| Product Engineer | 23,300 DKK | +2% |
| Product Safety Engineer | 22,500 DKK | -2% |
| Production Engineer | 24,100 DKK | +5% |
| Project Engineer | 25,400 DKK | +11% |
| Proposal Manager | 29,100 DKK | +27% |
| Purchasing Engineer | 22,100 DKK | -4% |
| Quality Assurance Engineer | 23,100 DKK | +1% |
| Rail Engineer | 22,900 DKK | -0% |
| Robotics Engineer | 26,100 DKK | +14% |
| Robotics Technician | 18,300 DKK | -20% |
| Safety Engineer | 22,000 DKK | -4% |
| Safety Inspector | 17,100 DKK | -25% |
| Safety Manager | 27,900 DKK | +22% |
| Safety Officer | 12,100 DKK | -47% |
| Sales Engineer | 24,200 DKK | +6% |
| Scheduling Engineer | 20,300 DKK | -11% |
| Service Engineer | 23,100 DKK | +1% |
| Solar Engineer | 25,000 DKK | +9% |
| Staff Engineer | 22,000 DKK | -4% |
| Static Equipment Engineer | 21,700 DKK | -5% |
| Stationary Engineer | 21,800 DKK | -5% |
| Stress Engineer | 20,600 DKK | -10% |
| Structural Analysis Engineer | 23,300 DKK | +2% |
| Structural Designer | 21,000 DKK | -8% |
| Structural Engineer | 22,600 DKK | -1% |
| Structural Technician | 14,400 DKK | -37% |
| Supply Chain Specialist | 21,700 DKK | -5% |
| Surveyor | 17,100 DKK | -25% |
| Technical Affairs Officer | 11,200 DKK | -51% |
| Technical Assistant | 11,400 DKK | -50% |
| Technical Engineer | 19,400 DKK | -15% |
| Technical Support Engineer | 19,600 DKK | -15% |
| Tender Engineer | 20,200 DKK | -12% |
| Test Development Engineer | 22,300 DKK | -3% |
| Transportation Engineer | 22,400 DKK | -2% |
| Validation Engineer | 21,600 DKK | -6% |
| Verification Engineer | 21,500 DKK | -6% |
| Wastewater Engineer | 22,200 DKK | -3% |
| Wind Energy Engineer | 22,900 DKK | -0% |
| Wind Energy Operations Manager | 29,100 DKK | +27% |
| Work Planner | 15,500 DKK | -32% |
Government vs Private Sector Salary Comparison
Where can you get paid more, working for a private company or for the government? Public sector employees in Faroe Islands earn 17% more than their private sector counterparts on average across all sectors.
| Private Sector | 24,900 DKK | |
| Public Sector | +17% | 29,200 DKK |
