A person working as a Biomedical Engineer in Finland typically earns around 4,000 EUR per month. Salaries range from 1,960 EUR (lowest) to 6,250 EUR (highest).
This is the average monthly salary including housing, transport, and other benefits. Biomedical Engineer salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Biomedical Engineer salaries in Finland range from 1,960 EUR per month (minimum salary) to 6,250 EUR per month (maximum salary).
The median salary is 4,090 EUR per month, which means that half (50%) of people working as Biomedical Engineer(s) are earning less than 4,090 EUR while the other half are earning more than 4,090 EUR. 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 Biomedical Engineer(s) are earning less than 2,720 EUR while 75% of them are earning more than 2,720 EUR. Also from the diagram, 75% of Biomedical Engineer(s) are earning less than 5,270 EUR while 25% are earning more than 5,270 EUR.
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 your wage. We broke down Biomedical Engineer salaries by experience level and this is what we found.
A Biomedical Engineer with less than two years of experience makes approximately 2,330 EUR per month.
While someone with an experience level between two and five years is expected to earn 2,990 EUR per month, 29% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 4,130 EUR per month, 38% more than someone with two to five years of experience.
Additionally, Biomedical Engineer(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 5,110 EUR per month, 24% 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 5,480 EUR per month, 7% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 5,840 EUR per month, 7% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+29%|
|5 - 10 Years||+38%|
|10 - 15 Years||+24%|
|15 - 20 Years||+7%|
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 Biomedical Engineer salaries by education level in order to make a comparison.
When the education level is Bachelor's Degree, the average salary of a Biomedical Engineer is 2,910 EUR per month.
While someone with a Master's Degree gets a salary of 4,660 EUR per month, 60% more than someone having a Bachelor's Degree degree.
A Master's degree program or any post-graduate program in Finland costs anywhere from 23,600 Euro(s) to 70,900 Euro(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.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Biomedical Engineer employees in Finland earn 4% more than their female counterparts.
Biomedical Engineer(s) in Finland are likely to observe a salary increase of approximately 11% every 16 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 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 Finland 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.
A Biomedical Engineer is considered to be a moderate 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.
43% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 57% 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.
Where can you get paid more, working for a private company or for the government? Public sector Biomedical Engineer employees in Finland earn 5% more than their private sector counterparts.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+3%|
|Average Salary 2019||+2%|
Biomedical Engineer salaries in Finland are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 2% 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.
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 Biomedical Engineer is 20% less than that of Pharmaceutical and Biotechnology. Also, Pharmaceutical and Biotechnology salaries are 7% more than those of All Jobs.
|Job Title||Average Salary|
|Assistant Pharmacist||3,760 EUR||-6%|
|Assistant Pharmacy Director||6,840 EUR||+71%|
|Associate Medical Affairs Director||6,790 EUR||+70%|
|Bioinformatics Scientist||6,390 EUR||+60%|
|Bioinformatics Technician||4,170 EUR||+4%|
|Biological Scientist||6,620 EUR||+65%|
|Biological Technician||3,890 EUR||-3%|
|Biomedical Engineer||4,000 EUR||-0%|
|Biomedical Engineering Director||5,680 EUR||+42%|
|Biotechnology Lead Data Manager||4,120 EUR||+3%|
|Chemical Process Technician||4,100 EUR||+2%|
|Clinical Consultant||4,510 EUR||+13%|
|Clinical Data Manager||4,940 EUR||+23%|
|Clinical Data Specialist||4,620 EUR||+15%|
|Clinical Operations Manager||5,620 EUR||+40%|
|Clinical Pharmacist||5,120 EUR||+28%|
|Clinical Pharmacy Specialist||5,600 EUR||+40%|
|Clinical Programmer||2,930 EUR||-27%|
|Clinical Project Manager||4,680 EUR||+17%|
|Clinical Research Associate||4,480 EUR||+12%|
|Clinical Research Manager||5,630 EUR||+41%|
|Clinical Study Manager||5,810 EUR||+45%|
|Compliance Specialist||5,030 EUR||+26%|
|Cytology Laboratory Technologist||4,350 EUR||+9%|
|GCP Auditor||4,790 EUR||+20%|
|Hospital Pharmacy Technician||4,220 EUR||+5%|
|Manufacturing Engineer||4,290 EUR||+7%|
|Medical Affairs Director||6,810 EUR||+70%|
|Medical Representative||3,440 EUR||-14%|
|Medical Science Liaison||5,060 EUR||+26%|
|Molecular and Cellular Biologist||5,600 EUR||+40%|
|Nuclear Pharmacist||600 EUR||-85%|
|Pharmaceutical Manufacturing Lead||7,320 EUR||+83%|
|Pharmaceutical Operations Excellence Manager||6,440 EUR||+61%|
|Pharmaceutical Process Engineer||4,670 EUR||+17%|
|Pharmaceutical Production Assistant Manager||5,040 EUR||+26%|
|Pharmaceutical Quality Auditor||5,700 EUR||+42%|
|Pharmaceutical Regulatory Affairs Assistant||3,920 EUR||-2%|
|Pharmaceutical Regulatory Affairs Specialist||4,500 EUR||+12%|
|Pharmaceutical Research Associate||5,420 EUR||+35%|
|Pharmaceutical Research Scientist||5,830 EUR||+46%|
|Pharmaceutical Researcher||6,380 EUR||+59%|
|Pharmaceutical Sales and Marketing Manager||5,920 EUR||+48%|
|Pharmaceutical Sales Manager||6,230 EUR||+56%|
|Pharmaceutical Sales Representative||3,760 EUR||-6%|
|Pharmaceutical Supply Chain Manager||5,300 EUR||+32%|
|Pharmaceutical Team Leader||5,200 EUR||+30%|
|Pharmaceutical Technologist||3,860 EUR||-4%|
|Pharmacy Aide||3,690 EUR||-8%|
|Pharmacy Manager||7,480 EUR||+87%|
|Pharmacy Stock Controller||3,620 EUR||-10%|
|Pharmacy Technician||3,470 EUR||-13%|
|Records Management Coordinator||3,330 EUR||-17%|
|Shift Encapsulator||3,670 EUR||-8%|
|Staff Pharmacist||5,150 EUR||+29%|