HOME BROWSE SALARIES BEST PAYING JOBS
Browse Salaries
Best Paying Jobs
Salary Increase Letters
Career Articles

Engineering Average Salaries in Faroe Islands 2022

How much money does a person working in Engineering make in Faroe Islands?


Average Monthly Salary
22,600 DKK
( 271,000 DKK yearly)

LOW
7,170
DKK
AVERAGE
22,600
DKK
HIGH
47,800
DKK

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.

Salaries for specific jobs

Job TitleAverage Salary
Acoustics Engineer22,900 DKK
Assembly Engineering Technician18,000 DKK
Assistant Chief Engineer25,300 DKK
Associate Engineer20,100 DKK
Autocad Operator14,600 DKK
Automation Engineer23,800 DKK
Avionic System Support Engineer22,600 DKK
Biochemical Engineer20,400 DKK
BMS Engineer20,800 DKK
Bridge and Lock Tender12,000 DKK
Broadcast Engineer23,200 DKK
CAD Design Engineer22,800 DKK
CAD Designer14,900 DKK
CAE Engineer23,000 DKK
Ceramics Engineer20,100 DKK
Civil Engineer24,400 DKK
Commissioning Engineer21,400 DKK
Communications Engineer24,800 DKK
Condition Monitoring Engineer19,600 DKK
Contract Associate Engineer20,800 DKK
Control Systems Engineer23,300 DKK
Controls Engineer21,800 DKK
Controls Software Engineer20,300 DKK
Corrosion Engineer21,300 DKK
Design Engineer23,500 DKK
Drafter14,700 DKK
Drafting Manager26,300 DKK
Drilling Engineer21,700 DKK
Electrical Draughtsman12,200 DKK
Electrical Engineer26,300 DKK
Electrical Engineering Manager33,500 DKK
Electromechanical Engineering Technologist23,800 DKK
Electromechanical Equipment Assembler12,500 DKK
Energy Engineer24,800 DKK
Engine Assembler9,860 DKK
Engineer23,900 DKK
Engineering Account Manager26,100 DKK
Engineering Chief Designer26,000 DKK
Engineering Consultant31,100 DKK
Engineering Key Account Manager34,400 DKK
Engineering Lab Technician21,700 DKK
Engineering Planning Manager33,400 DKK
Engineering Production Manager39,600 DKK
Engineering Project Analyst27,000 DKK
Engineering Project Coordinator 26,400 DKK
Engineering Project Director46,600 DKK
Engineering Project Manager31,700 DKK
Engineering Research and Development Manager35,300 DKK
Engineering Safety Coordinator17,200 DKK
Engineering Sales Manager30,800 DKK
Engineering Technician17,500 DKK
Engineering Technologist18,000 DKK
Environmental Engineer21,500 DKK
Equipment Engineer21,500 DKK
Equipment Engineering Manager30,200 DKK
Estimator19,700 DKK
Fabrication Specialist16,000 DKK
Fabricator11,000 DKK
Facade Engineer22,900 DKK
Fiber Analyst13,600 DKK
Field Engineer23,100 DKK
Field Engineering Manager40,400 DKK
Fire Engineer22,400 DKK
Fitter and Turner7,680 DKK
Forestry Strategic Planner27,300 DKK
Generation Engineer22,600 DKK
Genetic Engineer26,100 DKK
Geological Engineer22,700 DKK
Geotechnical Engineer24,700 DKK
Heavy Equipment Mechanic12,300 DKK
Highway Engineer22,500 DKK
HSE Professional20,400 DKK
HVAC Engineer25,800 DKK
HVAC Supervisor20,300 DKK
Industrial Engineer22,700 DKK
Industrial Engineering Technologist23,000 DKK
Instrument Engineer22,800 DKK
Instrumentation and Control Engineer23,400 DKK
Instrumentation Engineer23,200 DKK
Instrumentation Manager22,100 DKK
Irrigation Engineer22,200 DKK
Licensed Aircraft Engineer25,100 DKK
Locomotive Engineer22,100 DKK
Maintenance Engineer20,800 DKK
Maintenance Fitter8,110 DKK
Maintenance Manager23,100 DKK
Manufacturing Engineer23,000 DKK
Marine Engineer23,300 DKK
Materials Engineer22,100 DKK
Materials Researcher21,500 DKK
Materials Technician16,200 DKK
Mechanical and Electrical Engineer25,000 DKK
Mechanical Design Engineer25,400 DKK
Mechanical Designer20,000 DKK
Mechanical Engineer25,700 DKK
Mechanical Engineering Manager32,900 DKK
Mechanical Inspector21,600 DKK
Mechatronics Engineer25,700 DKK
Mining Engineer23,600 DKK
Oil and Petrochemical Engineer24,100 DKK
Optical Engineer21,900 DKK
Optical Instrument Assembler12,300 DKK
PCB Assembler8,430 DKK
Photonics Engineer26,000 DKK
Photonics Technician20,600 DKK
Pipeline Engineer21,900 DKK
Piping Designer12,600 DKK
Piping Engineer20,700 DKK
Planning Engineer24,500 DKK
Pressure Vessel Inspector10,500 DKK
Principal Cost Engineer23,600 DKK
Principal Engineer23,400 DKK
Principal Support Engineer22,700 DKK
Process Engineer23,500 DKK
Process Operator13,900 DKK
Product Development Engineer24,000 DKK
Product Development Technician16,900 DKK
Product Engineer23,300 DKK
Product Safety Engineer22,500 DKK
Production Engineer24,100 DKK
Project Engineer25,400 DKK
Proposal Manager29,100 DKK
Purchasing Engineer22,100 DKK
Quality Assurance Engineer23,100 DKK
Rail Engineer22,900 DKK
Robotics Engineer26,100 DKK
Robotics Technician18,300 DKK
Safety Engineer22,000 DKK
Safety Inspector17,100 DKK
Safety Manager27,900 DKK
Safety Officer12,100 DKK
Sales Engineer24,200 DKK
Scheduling Engineer20,300 DKK
Service Engineer23,100 DKK
Solar Engineer25,000 DKK
Staff Engineer22,000 DKK
Static Equipment Engineer21,700 DKK
Stationary Engineer21,800 DKK
Stress Engineer20,600 DKK
Structural Analysis Engineer23,300 DKK
Structural Designer21,000 DKK
Structural Engineer22,600 DKK
Structural Technician14,400 DKK
Supply Chain Specialist21,700 DKK
Surveyor17,100 DKK
Technical Affairs Officer11,200 DKK
Technical Assistant11,400 DKK
Technical Engineer19,400 DKK
Technical Support Engineer19,600 DKK
Tender Engineer20,200 DKK
Test Development Engineer22,300 DKK
Transportation Engineer22,400 DKK
Validation Engineer21,600 DKK
Verification Engineer21,500 DKK
Wastewater Engineer22,200 DKK
Wind Energy Engineer22,900 DKK
Wind Energy Operations Manager29,100 DKK
Work Planner15,500 DKK

Engineering Jobs Salary Distribution in Faroe Islands

Median and salary distribution monthly Faroe Islands Engineering
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/faroe-islands/engineering/median-and-salary-distribution-monthly-faroe-islands-engineering.jpg

The median, the maximum, the minimum, and the range

  • Salary Range

    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).

  • Median Salary

    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.

  • 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 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.


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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg

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 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.

Engineering Salary Comparison By Gender

Salary comparison by gender monthly Faroe Islands Engineering
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/faroe-islands/engineering/salary-comparison-by-gender-monthly-faroe-islands-engineering.jpg

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.

Male
23,200 DKK
Female-6%
21,800 DKK
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Faroe Islands for all Careers

Salary comparison by gender monthly Faroe Islands
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/faroe-islands/salary-comparison-by-gender-monthly-faroe-islands.jpg

Engineering Average Annual Salary Increment Percentage in Faroe Islands

How much are annual salary increments in Faroe Islands for Engineering professionals? How often do employees get salary raises?

Engineering

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.

Annual Salary Increment Rate Faroe Islands Engineering
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/faroe-islands/engineering/annual-salary-increment-rate-faroe-islands-engineering.jpg


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.

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

The average salary increase in one year (12 months) in Faroe Islands is 2%.

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

Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Engineering Bonus and Incentive Rates in Faroe Islands

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Faroe Islands Engineering
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/faroe-islands/engineering/annual-salary-bonus-rate-faroe-islands-engineering.jpg

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.

Received Bonus
35%
No Bonus
65%

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.

Engineering Hourly Average Wage in Faroe Islands


130 DKK per hour

The average hourly wage (pay per hour) in Faroe Islands is 130 DKK. This means that the average person in Faroe Islands earns approximately 130 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.

Engineering VS Other Jobs

Salary Comparison Between Engineering and Engineering monthly Faroe Islands
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/faroe-islands/engineering/salary-comparison-between-engineering-and-engineering-monthly-faroe-islands.jpg

The average salary for Engineering is 16% less than that of All Jobs.

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
Percentage increase and decrease are relative to the previous value

Browse Salaries

Salary Increase Letters

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2022