A person working in Engineering in Faroe Islands typically earns around 22,600 DKK per month. Salaries range from 7,170 DKK (lowest average) to 47,800 DKK (highest average, actual maximum salary is higher).
This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Engineering careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
|Job Title||Average Salary|
|Acoustics Engineer||22,900 DKK|
|Assembly Engineering Technician||18,000 DKK|
|Assistant Chief Engineer||25,300 DKK|
|Associate Engineer||20,100 DKK|
|Autocad Operator||14,600 DKK|
|Automation Engineer||23,800 DKK|
|Avionic System Support Engineer||22,600 DKK|
|Biochemical Engineer||20,400 DKK|
|BMS Engineer||20,800 DKK|
|Bridge and Lock Tender||12,000 DKK|
|Broadcast Engineer||23,200 DKK|
|CAD Design Engineer||22,800 DKK|
|CAD Designer||14,900 DKK|
|CAE Engineer||23,000 DKK|
|Ceramics Engineer||20,100 DKK|
|Civil Engineer||24,400 DKK|
|Commissioning Engineer||21,400 DKK|
|Communications Engineer||24,800 DKK|
|Condition Monitoring Engineer||19,600 DKK|
|Contract Associate Engineer||20,800 DKK|
|Control Systems Engineer||23,300 DKK|
|Controls Engineer||21,800 DKK|
|Controls Software Engineer||20,300 DKK|
|Corrosion Engineer||21,300 DKK|
|Design Engineer||23,500 DKK|
|Drafting Manager||26,300 DKK|
|Drilling Engineer||21,700 DKK|
|Electrical Draughtsman||12,200 DKK|
|Electrical Engineer||26,300 DKK|
|Electrical Engineering Manager||33,500 DKK|
|Electromechanical Engineering Technologist||23,800 DKK|
|Electromechanical Equipment Assembler||12,500 DKK|
|Energy Engineer||24,800 DKK|
|Engine Assembler||9,860 DKK|
|Engineering Account Manager||26,100 DKK|
|Engineering Chief Designer||26,000 DKK|
|Engineering Consultant||31,100 DKK|
|Engineering Key Account Manager||34,400 DKK|
|Engineering Lab Technician||21,700 DKK|
|Engineering Planning Manager||33,400 DKK|
|Engineering Production Manager||39,600 DKK|
|Engineering Project Analyst||27,000 DKK|
|Engineering Project Coordinator||26,400 DKK|
|Engineering Project Director||46,600 DKK|
|Engineering Project Manager||31,700 DKK|
|Engineering Research and Development Manager||35,300 DKK|
|Engineering Safety Coordinator||17,200 DKK|
|Engineering Sales Manager||30,800 DKK|
|Engineering Technician||17,500 DKK|
|Engineering Technologist||18,000 DKK|
|Environmental Engineer||21,500 DKK|
|Equipment Engineer||21,500 DKK|
|Equipment Engineering Manager||30,200 DKK|
|Fabrication Specialist||16,000 DKK|
|Facade Engineer||22,900 DKK|
|Fiber Analyst||13,600 DKK|
|Field Engineer||23,100 DKK|
|Field Engineering Manager||40,400 DKK|
|Fire Engineer||22,400 DKK|
|Fitter and Turner||7,680 DKK|
|Forestry Strategic Planner||27,300 DKK|
|Generation Engineer||22,600 DKK|
|Genetic Engineer||26,100 DKK|
|Geological Engineer||22,700 DKK|
|Geotechnical Engineer||24,700 DKK|
|Heavy Equipment Mechanic||12,300 DKK|
|Highway Engineer||22,500 DKK|
|HSE Professional||20,400 DKK|
|HVAC Engineer||25,800 DKK|
|HVAC Supervisor||20,300 DKK|
|Industrial Engineer||22,700 DKK|
|Industrial Engineering Technologist||23,000 DKK|
|Instrument Engineer||22,800 DKK|
|Instrumentation and Control Engineer||23,400 DKK|
|Instrumentation Engineer||23,200 DKK|
|Instrumentation Manager||22,100 DKK|
|Irrigation Engineer||22,200 DKK|
|Licensed Aircraft Engineer||25,100 DKK|
|Locomotive Engineer||22,100 DKK|
|Maintenance Engineer||20,800 DKK|
|Maintenance Fitter||8,110 DKK|
|Maintenance Manager||23,100 DKK|
|Manufacturing Engineer||23,000 DKK|
|Marine Engineer||23,300 DKK|
|Materials Engineer||22,100 DKK|
|Materials Researcher||21,500 DKK|
|Materials Technician||16,200 DKK|
|Mechanical and Electrical Engineer||25,000 DKK|
|Mechanical Design Engineer||25,400 DKK|
|Mechanical Designer||20,000 DKK|
|Mechanical Engineer||25,700 DKK|
|Mechanical Engineering Manager||32,900 DKK|
|Mechanical Inspector||21,600 DKK|
|Mechatronics Engineer||25,700 DKK|
|Mining Engineer||23,600 DKK|
|Oil and Petrochemical Engineer||24,100 DKK|
|Optical Engineer||21,900 DKK|
|Optical Instrument Assembler||12,300 DKK|
|PCB Assembler||8,430 DKK|
|Photonics Engineer||26,000 DKK|
|Photonics Technician||20,600 DKK|
|Pipeline Engineer||21,900 DKK|
|Piping Designer||12,600 DKK|
|Piping Engineer||20,700 DKK|
|Planning Engineer||24,500 DKK|
|Pressure Vessel Inspector||10,500 DKK|
|Principal Cost Engineer||23,600 DKK|
|Principal Engineer||23,400 DKK|
|Principal Support Engineer||22,700 DKK|
|Process Engineer||23,500 DKK|
|Process Operator||13,900 DKK|
|Product Development Engineer||24,000 DKK|
|Product Development Technician||16,900 DKK|
|Product Engineer||23,300 DKK|
|Product Safety Engineer||22,500 DKK|
|Production Engineer||24,100 DKK|
|Project Engineer||25,400 DKK|
|Proposal Manager||29,100 DKK|
|Purchasing Engineer||22,100 DKK|
|Quality Assurance Engineer||23,100 DKK|
|Rail Engineer||22,900 DKK|
|Robotics Engineer||26,100 DKK|
|Robotics Technician||18,300 DKK|
|Safety Engineer||22,000 DKK|
|Safety Inspector||17,100 DKK|
|Safety Manager||27,900 DKK|
|Safety Officer||12,100 DKK|
|Sales Engineer||24,200 DKK|
|Scheduling Engineer||20,300 DKK|
|Service Engineer||23,100 DKK|
|Solar Engineer||25,000 DKK|
|Staff Engineer||22,000 DKK|
|Static Equipment Engineer||21,700 DKK|
|Stationary Engineer||21,800 DKK|
|Stress Engineer||20,600 DKK|
|Structural Analysis Engineer||23,300 DKK|
|Structural Designer||21,000 DKK|
|Structural Engineer||22,600 DKK|
|Structural Technician||14,400 DKK|
|Supply Chain Specialist||21,700 DKK|
|Technical Affairs Officer||11,200 DKK|
|Technical Assistant||11,400 DKK|
|Technical Engineer||19,400 DKK|
|Technical Support Engineer||19,600 DKK|
|Tender Engineer||20,200 DKK|
|Test Development Engineer||22,300 DKK|
|Transportation Engineer||22,400 DKK|
|Validation Engineer||21,600 DKK|
|Verification Engineer||21,500 DKK|
|Wastewater Engineer||22,200 DKK|
|Wind Energy Engineer||22,900 DKK|
|Wind Energy Operations Manager||29,100 DKK|
|Work Planner||15,500 DKK|
Engineering salaries in Faroe Islands range from 7,170 DKK per month (minimum average salary) to 47,800 DKK per month (maximum average salary, actual maximum is higher).
The median salary is 22,600 DKK per month, which means that half (50%) of people working in Engineering are earning less than 22,600 DKK while the other half are earning more than 22,600 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 people working in Engineering are earning less than 13,400 DKK while 75% of them are earning more than 13,400 DKK. Also from the diagram, 75% of people working in Engineering are earning less than 35,200 DKK while 25% are earning more than 35,200 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 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.
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.
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.
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.
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 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.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Faroe Islands who work in Engineering earn 6% more than their female counterparts on average.
Engineering professionals in Faroe Islands are likely to observe a salary increase of approximately 5% every 28 months. The national average annual increment for all professions combined is 4% granted to employees every 29 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 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.
Engineering is considered to be a moderate 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.
65% of surveyed staff in Engineering reported that they haven't received any bonuses or incentives in the previous year while 35% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 3% to 6% 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.
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 Engineering is 16% less than that of All Jobs.
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.