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Aerospace Engineer Average Salary in Finland 2020

How much money does an Aerospace Engineer make in Finland?


Average Monthly Salary
5,660 EUR
( 67,900 EUR yearly)

LOW
2,660
EUR
AVERAGE
5,660
EUR
HIGH
8,940
EUR

A person working as an Aerospace Engineer in Finland typically earns around 5,660 EUR per month. Salaries range from 2,660 EUR (lowest) to 8,940 EUR (highest).

This is the average monthly salary including housing, transport, and other benefits. Aerospace Engineer salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Aerospace Engineer Salary Distribution in Finland

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

  • Salary Range

    Aerospace Engineer salaries in Finland range from 2,660 EUR per month (minimum salary) to 8,940 EUR per month (maximum salary).

  • Median Salary

    The median salary is 6,000 EUR per month, which means that half (50%) of people working as Aerospace Engineer(s) are earning less than 6,000 EUR while the other half are earning more than 6,000 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 Aerospace Engineer(s) are earning less than 3,900 EUR while 75% of them are earning more than 3,900 EUR. Also from the diagram, 75% of Aerospace Engineer(s) are earning less than 7,920 EUR while 25% are earning more than 7,920 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

Aerospace Engineer Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Finland Aerospace 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 Aerospace Engineer salaries by experience level and this is what we found.

An Aerospace Engineer with less than two years of experience makes approximately 3,070 EUR per month.

While someone with an experience level between two and five years is expected to earn 4,230 EUR per month, 38% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 6,020 EUR per month, 42% 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, Aerospace Engineer(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 7,340 EUR per month, 22% 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 7,750 EUR per month, 6% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 8,440 EUR per month, 9% more than people with fifteen to twenty years of experience.


Aerospace Engineer average salary change by experience in Finland

0 - 2 Years
3,070 EUR
2 - 5 Years+38%
4,230 EUR
5 - 10 Years+42%
6,020 EUR
10 - 15 Years+22%
7,340 EUR
15 - 20 Years+6%
7,750 EUR
20+ Years+9%
8,440 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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Aerospace Engineer Salary Comparison By Education

How do education levels affect salaries?

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

Salary comparison by education level monthly Finland Aerospace 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 Aerospace Engineer salaries by education level in order to make a comparison.

When the education level is Bachelor's Degree, the average salary of an Aerospace Engineer is 4,230 EUR per month.

While someone with a Master's Degree gets a salary of 7,750 EUR per month, 83% more than someone having a Bachelor's Degree degree.


Aerospace Engineer average salary difference by education level in Finland

Bachelor's Degree
4,230 EUR
Master's Degree+83%
7,750 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 23,400 Euro(s) to 70,300 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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Aerospace Engineer Salary Comparison By Gender

Salary comparison by gender monthly Finland Aerospace 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 Aerospace Engineer employees in Finland earn 4% more than their female counterparts on average.

Male
5,780 EUR
Female-4%
5,540 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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Aerospace Engineer Average Annual Salary Increment Percentage in Finland

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

Aerospace Engineer

Aerospace 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 Aerospace 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

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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Aerospace Engineer Bonus and Incentive Rates in Finland

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

40% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 60% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.

Received Bonus
60%
No Bonus
40%

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.

Aerospace Engineer Average Hourly Wage in Finland


33 EUR per hour

The average hourly wage (pay per hour) in Finland is 33 EUR. This means that the average Aerospace Engineer in Finland earns approximately 33 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.

Aerospace Engineer VS Other Jobs

Salary Comparison Between Aerospace Engineer and Airlines / Aviation / Aerospace / Defense monthly Finland
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The average salary for Aerospace Engineer is 18% more than that of Airlines / Aviation / Aerospace / Defense. Also, Airlines / Aviation / Aerospace / Defense salaries are 2% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Aeronautical Engineer4,760 EUR-16%
Aerospace Engineer5,660 EUR+0%
Aerospace Technician4,170 EUR-26%
Air Crew Officer3,050 EUR-46%
Air Traffic Assistant2,760 EUR-51%
Air Traffic Controller5,220 EUR-8%
Aircraft Captain7,180 EUR+27%
Aircraft Electrician2,580 EUR-54%
Aircraft Engineer4,650 EUR-18%
Aircraft Fueler2,100 EUR-63%
Aircraft Maintenance Manager7,130 EUR+26%
Aircraft Maintenance Supervisor5,030 EUR-11%
Aircraft Maintenance Technician2,220 EUR-61%
Aircraft Mechanic2,420 EUR-57%
Aircraft Quality Assurance6,410 EUR+13%
Airfield Management Specialist7,310 EUR+29%
Airfield Operations Specialist5,360 EUR-5%
Airline Cabin Crew4,440 EUR-22%
Airline Copilot5,050 EUR-11%
Airlines Sales Manager8,370 EUR+48%
Airlines Structural Assembler2,010 EUR-64%
Airport Services Agent3,120 EUR-45%
Airport Services Manager9,840 EUR+74%
Assistant Aircraft Mechanic2,020 EUR-64%
Aviation Analyst5,890 EUR+4%
Aviation Inspector5,520 EUR-2%
Aviation Manager9,870 EUR+74%
Aviation Operations Controller5,300 EUR-6%
Aviation Resources Manager8,270 EUR+46%
Aviation Safety Manager9,060 EUR+60%
Aviation Safety Officer4,750 EUR-16%
Aviation Technician2,200 EUR-61%
Cargo Executive4,150 EUR-27%
Chief Pilot7,790 EUR+38%
First Officer3,300 EUR-42%
Fleet Management Officer3,280 EUR-42%
Flight Attendant3,220 EUR-43%
Flight Scheduler3,810 EUR-33%
Flight Simulation Engineer4,140 EUR-27%
Freight and Cargo Inspector3,320 EUR-41%
Helicopter Pilot4,970 EUR-12%
Loading Bridge Operator2,050 EUR-64%
Pilot7,770 EUR+37%
Ramp Agent2,120 EUR-63%
Reservations Sales Agent2,620 EUR-54%
Safety and Quality Specialist4,620 EUR-18%
Test Pilot5,340 EUR-6%

Salary Comparison By City

CityAverage Salary
Helsinki6,480 EUR

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 Finland earn 5% more than their private sector counterparts on average across all sectors.

Private Sector
4,580 EUR
Public Sector+5%
4,790 EUR
Percentage increase and decrease are relative to the previous value

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