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Biomedical Engineer Average Salary in Finland 2020

How much money does a Biomedical Engineer make in Finland?


Average Monthly Salary
4,000 EUR
( 48,100 EUR yearly)

LOW
1,960
EUR
AVERAGE
4,000
EUR
HIGH
6,250
EUR

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 Salary Distribution in Finland

Median and salary distribution monthly Finland Biomedical Engineer
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The median, the maximum, the minimum, and the range

  • Salary Range

    Biomedical Engineer salaries in Finland range from 1,960 EUR per month (minimum salary) to 6,250 EUR per month (maximum salary).

  • Median 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.

  • Percentiles

    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.


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

Biomedical Engineer Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Finland Biomedical Engineer
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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.

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.

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.


Biomedical Engineer average salary change by experience in Finland

0 - 2 Years
2,330 EUR
2 - 5 Years+29%
2,990 EUR
5 - 10 Years+38%
4,130 EUR
10 - 15 Years+24%
5,110 EUR
15 - 20 Years+7%
5,480 EUR
20+ Years+7%
5,840 EUR
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Biomedical Engineer Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Biomedical Engineer(s) who have the same experience but different education levels.

Salary comparison by education level monthly Finland Biomedical Engineer
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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.


Biomedical Engineer average salary difference by education level in Finland

Bachelor's Degree
2,910 EUR
Master's Degree+60%
4,660 EUR
Percentage increase and decrease are relative to the previous value

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 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.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Biomedical Engineer Salary Comparison By Gender

Salary comparison by gender monthly Finland Biomedical Engineer
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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.

Female
3,920 EUR
Male+4%
4,090 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Finland for all Careers

Salary comparison by gender monthly Finland
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Biomedical Engineer Average Annual Salary Increment Percentage in Finland

How much are annual salary increments in Finland for Biomedical Engineer(s)? How often do employees get salary raises?

Biomedical Engineer

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.

Annual Salary Increment Rate Finland Biomedical Engineer
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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.

Finland / All Professions

Annual Salary Increment Rate Finland
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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 Finland is 6%.

Annual Increment Rate By Industry 2019

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

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.


Worldwide Salary Raises: All Countries and All Jobs

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Biomedical Engineer Bonus and Incentive Rates in Finland

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Finland Biomedical Engineer
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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.

Received Bonus
57%
No Bonus
43%

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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Finland
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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.

Private Sector
4,610 EUR
Public Sector+5%
4,830 EUR
Percentage increase and decrease are relative to the previous value

Biomedical Engineer Salary Trend and Forecast in Finland

How are Biomedical Engineer salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Finland Biomedical Engineer
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Average Salary 2016
3,560 EUR
Average Salary 2017+4%
3,690 EUR
Average Salary 2018+3%
3,790 EUR
Average Salary 2019+2%
3,860 EUR
Percentage increase and decrease are relative to the previous value

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.

Biomedical Engineer Average Hourly Wage in Finland


23 EUR per hour

The average hourly wage (pay per hour) in Finland is 23 EUR. This means that the average Biomedical Engineer in Finland earns approximately 23 EUR 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.

Biomedical Engineer VS Other Jobs

Salary Comparison Between Biomedical Engineer and Pharmaceutical and Biotechnology monthly Finland
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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.

Salary comparison with similar jobs

Job TitleAverage Salary
Assistant Pharmacist3,760 EUR-6%
Assistant Pharmacy Director6,840 EUR+71%
Associate Medical Affairs Director6,790 EUR+70%
Bioinformatics Scientist6,390 EUR+60%
Bioinformatics Technician4,170 EUR+4%
Biological Scientist6,620 EUR+65%
Biological Technician3,890 EUR-3%
Biomedical Engineer4,000 EUR-0%
Biomedical Engineering Director5,680 EUR+42%
Biostatistician4,690 EUR+17%
Biotechnologist 4,650 EUR+16%
Biotechnology Lead Data Manager4,120 EUR+3%
Chemical Process Technician4,100 EUR+2%
Clinical Consultant4,510 EUR+13%
Clinical Data Manager4,940 EUR+23%
Clinical Data Specialist4,620 EUR+15%
Clinical Operations Manager5,620 EUR+40%
Clinical Pharmacist5,120 EUR+28%
Clinical Pharmacy Specialist5,600 EUR+40%
Clinical Programmer2,930 EUR-27%
Clinical Project Manager4,680 EUR+17%
Clinical Research Associate4,480 EUR+12%
Clinical Research Manager5,630 EUR+41%
Clinical Study Manager5,810 EUR+45%
Compliance Specialist5,030 EUR+26%
Cytology Laboratory Technologist4,350 EUR+9%
Cytotechnologist4,230 EUR+6%
GCP Auditor4,790 EUR+20%
Hospital Pharmacy Technician4,220 EUR+5%
Manufacturing Engineer4,290 EUR+7%
Medical Affairs Director6,810 EUR+70%
Medical Representative 3,440 EUR-14%
Medical Science Liaison5,060 EUR+26%
Molecular and Cellular Biologist5,600 EUR+40%
Nuclear Pharmacist600 EUR-85%
Pharmaceutical Manufacturing Lead7,320 EUR+83%
Pharmaceutical Operations Excellence Manager6,440 EUR+61%
Pharmaceutical Process Engineer4,670 EUR+17%
Pharmaceutical Production Assistant Manager5,040 EUR+26%
Pharmaceutical Quality Auditor5,700 EUR+42%
Pharmaceutical Regulatory Affairs Assistant3,920 EUR-2%
Pharmaceutical Regulatory Affairs Specialist4,500 EUR+12%
Pharmaceutical Research Associate5,420 EUR+35%
Pharmaceutical Research Scientist5,830 EUR+46%
Pharmaceutical Researcher6,380 EUR+59%
Pharmaceutical Sales and Marketing Manager5,920 EUR+48%
Pharmaceutical Sales Manager6,230 EUR+56%
Pharmaceutical Sales Representative3,760 EUR-6%
Pharmaceutical Supply Chain Manager5,300 EUR+32%
Pharmaceutical Team Leader5,200 EUR+30%
Pharmaceutical Technologist3,860 EUR-4%
Pharmacist5,320 EUR+33%
Pharmacy Aide3,690 EUR-8%
Pharmacy Manager7,480 EUR+87%
Pharmacy Stock Controller3,620 EUR-10%
Pharmacy Technician3,470 EUR-13%
Records Management Coordinator3,330 EUR-17%
Shift Encapsulator3,670 EUR-8%
Staff Pharmacist5,150 EUR+29%

Salary Comparison By City

CityAverage Salary
Helsinki4,150 EUR
0 - 0

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