A person working as Project Manager in Finland typically earns around 5,620 EUR. Salaries range from 2,810 EUR (lowest) to 8,720 EUR (highest).
This is the average salary including housing, transport, and other benefits. Project Manager salaries in Finland vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Minimum Salary 2,810 EUR |
Median 5,200 EUR |
Maximum 8,720 EUR |
Salaries for the position Project Manager in Finland range from 2,810 EUR (starting salary) to 8,720 EUR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
With a median salary of 5,200 EUR, half of the professionals who work as Project Manager in Finland earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Project Manager in Finland earn less than 4,270 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 5,930 EUR while 25% earn more.
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Project Manager in Finland compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 3,280 EUR to 4,580 EUR. About 20% of salaries are below the 3,280 EUR mark, while 10% fall within the range of 4,580 EUR to 5,170 EUR. Only 5% of individuals have salaries exceeding 5,170 EUR.
0 - 2 Years | 3,370 EUR | |
2 - 5 Years | +32% | 4,470 EUR |
5 - 10 Years | +34% | 5,970 EUR |
10 - 15 Years | +19% | 7,120 EUR |
15 - 20 Years | +8% | 7,680 EUR |
20+ Years | +7% | 8,250 EUR |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Project Manager and this is what we found.
Employees with less than two years of experience earn approximately 3,370 EUR.
While someone with an experience level between two and five years is expected to earn 4,470 EUR, 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 5,970 EUR, 34% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 7,120 EUR, 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 7,680 EUR, 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 8,250 EUR, 7% more than people with fifteen to twenty years of experience.
High School | 4,230 EUR | |
Certificate or Diploma | +14% | 4,820 EUR |
Bachelor's Degree | +36% | 6,530 EUR |
Master's Degree | +26% | 8,250 EUR |
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 salaries by education level for the position Project Manager in order to make a comparison.
Employees at this education level have an average salary of 4,230 EUR.
At this level, the average salary becomes 4,820 EUR, 14% more than the previous level.
At this level, the average salary becomes 6,530 EUR, 36% more than the previous level.
At this level, the average salary becomes 8,250 EUR, 26% more than the previous level.
A Master's degree program or any post-graduate program in Finland costs anywhere from 23,500 EUR to 70,600 EUR 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 to a higher-paying job. The numbers seem to support the theory. 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? For the people who work as Project Manager in Finland, the average difference between the salary of male and female employees is 4%.
Male | 5,740 EUR | |
Female | -4% | 5,510 EUR |
Individuals working as Project Manager in Finland are likely to observe a salary increase of approximately 13% every 15 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
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 5% to 8% of their annual salary.
Received Bonus | 82% | |
No Bonus | 18% |
The 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.
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. |
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.
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 fixed 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 minimum pay rate per hour for people working as Project Manager in Finland is 16 EUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Job Title | Average Salary |
Business Planning | -100% | |
Agile Coach | 5,140 EUR | -9% |
Assistant Business Development Manager | 6,270 EUR | +11% |
Assistant Merchandise Planner | 3,700 EUR | -34% |
Business Advisor | 5,960 EUR | +6% |
Business Analyst | 5,740 EUR | +2% |
Business Consultant | 5,440 EUR | -3% |
Business Continuity Associate | 3,380 EUR | -40% |
Business Developer | 3,540 EUR | -37% |
Business Development Analyst | 4,190 EUR | -25% |
Business Development Associate | 2,940 EUR | -48% |
Business Development Coordinator | 3,130 EUR | -44% |
Business Development Director | 7,930 EUR | +41% |
Business Development Engineer | 4,300 EUR | -24% |
Business Development Executive | 6,040 EUR | +7% |
Business Development Manager | 7,360 EUR | +31% |
Business Development Specialist | 5,580 EUR | -1% |
Business Manager | 6,760 EUR | +20% |
Business Operations Specialist | 5,380 EUR | -4% |
Business Process Writer | 3,240 EUR | -42% |
Business Systems Analyst | 5,630 EUR | +0% |
Capacity Planner | 4,080 EUR | -27% |
Capacity Planning Supervisor | 5,310 EUR | -6% |
Change Communications Analyst | 5,110 EUR | -9% |
Change Control Analyst | 5,080 EUR | -10% |
Change Impact Analyst | 5,520 EUR | -2% |
Chief Automation Officer | 6,620 EUR | +18% |
Chief Innovation Officer | 7,460 EUR | +33% |
Contracts Executive | 5,230 EUR | -7% |
Corporate Strategy Analyst | 5,780 EUR | +3% |
Cost Control Engineer | 3,750 EUR | -33% |
Cost Controller | 4,140 EUR | -26% |
Cost Estimator | 3,810 EUR | -32% |
Crisis Management Specialist | 5,980 EUR | +6% |
Data Executive | 3,020 EUR | -46% |
Data Manager | 4,210 EUR | -25% |
Data Processing Manager | 5,180 EUR | -8% |
Development Researcher | 4,220 EUR | -25% |
Digital Strategist | 5,360 EUR | -5% |
Digital Transformation Manager | 5,900 EUR | +5% |
Director of Business Development | 8,330 EUR | +48% |
Director of Production Planning | 7,140 EUR | +27% |
Drop Shipping Consultant | 5,000 EUR | -11% |
Due Diligence Analyst | 5,770 EUR | +3% |
Estimating Manager | 5,950 EUR | +6% |
General Manager | 7,110 EUR | +26% |
Growth Hacker | 4,160 EUR | -26% |
Impact Assessment Specialist | 5,220 EUR | -7% |
Impact Investing Analyst | 5,080 EUR | -10% |
Incident Handler | 3,830 EUR | -32% |
Incident Specialist | 4,580 EUR | -19% |
Lean Consultant | 4,230 EUR | -25% |
Manager | 7,730 EUR | +37% |
Marketing and Business Development Manager | 6,550 EUR | +16% |
Materials Planner | 2,340 EUR | -58% |
Merchandise Assistant | 2,500 EUR | -56% |
Merchandise Controller | 2,430 EUR | -57% |
Merchandise Planner | 2,520 EUR | -55% |
Online Consultant | 4,720 EUR | -16% |
Online Reputation Manager | 4,310 EUR | -23% |
Operations Analyst | 5,010 EUR | -11% |
Operations Manager | 5,590 EUR | -1% |
Operations Research Analyst | 3,580 EUR | -36% |
Planning and Reporting Manager | 5,990 EUR | +7% |
Planning Director | 7,310 EUR | +30% |
Product Designer | 4,000 EUR | -29% |
Product Manager | 4,540 EUR | -19% |
Project Administrator | 3,770 EUR | -33% |
Project Manager | 5,620 EUR | -0% |
Project Planner | 3,700 EUR | -34% |
Research Assistant | 3,120 EUR | -45% |
Research Engineer | 3,580 EUR | -36% |
Research Officer | 2,820 EUR | -50% |
Risk Management Specialist | 5,550 EUR | -1% |
Scholarship Coordinator | 2,810 EUR | -50% |
Store Planner | 2,720 EUR | -52% |
Strategy Director | 7,590 EUR | +35% |
Top Research and Development Executive | 7,930 EUR | +41% |
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Finland is 5% on average across all career fields.
Private Sector | 4,590 EUR | |
Public Sector | +5% | 4,810 EUR |
A good and competitive compensation would range anywhere between 5,200 EUR and 5,930 EUR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
The base salary for a careers like Project Manager in Finland ranges from 2,810 EUR to 4,270 EUR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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
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