Average Salary in Aland Islands 2023
How much money does a person working in Aland Islands make?
LOW
920
EUR AVERAGE
3,640
EUR HIGH
16,200
EUR
A person working in Aland Islands typically earns around 3,640 EUR per month. Salaries range from 920 EUR (lowest average) to 16,200 EUR (highest average, actual maximum salary is higher).
This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
Pay Scale and Salaries in Aland Islands
Salary Structure and Pay Scale Comparison
6,840 EUR or more
5,350 to 6,840 EUR
2,080 EUR or less
2,080 to 5,350 EUR
 920 EUR |
3,130 EUR |
16,200 EUR |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries in Aland Islands range from 920 EUR per month (starting salary) to 16,200 EUR per month (maximum average salary, actual maximum is higher). This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from all over the country.
Median Salary
The median salary is 3,130 EUR per month, which means that half (50%) of the population are earning less than 3,130 EUR while the other half are earning more than 3,130 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 and Salary Scale
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of the population are earning less than 2,260 EUR while 75% of them are earning more than 2,260 EUR. Also from the diagram, 75% of the population are earning less than 4,750 EUR while 25% are earning more than 4,750 EUR.
Pay Scale Structure
We grouped the most common and recurring salaries into brackets to give more insight into what salary to expect. This method is more accurate than just the average salary and gives more insights on how salaries are actually distributed. Around 65% of all reported figures are in the range 2,080 EUR to 5,350 EUR. Approximatly 20% fall under the 2,080 EUR cap. Ten percent of wages are from 5,350 EUR to 6,840 EUR. Only 5% of people grossed 6,840 EUR or more.
Salary Comparison by Years of Experience
How does a person's salary progress over time?
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.
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.
Salary Comparison By Education
How does the education level affect your salary?
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.
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 Aland Islands costs anywhere from 18,200 Euro(s) to 54,600 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 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.
Salary and Compensation Comparison By Gender
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Aland Islands earn 14% more than their female counterparts on avergae across all sectors.
| Male | 3,820 EUR | |
| Female | -12% | 3,350 EUR |
Average Annual Salary Increment Percentage in Aland Islands
How much are annual salary increments in Aland Islands? How often do employees get salary raises?
Aland Islands
Employees in Aland Islands are likely to observe a salary increase of approximately 5% every 28 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.
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
Annual Increment Rate By Industry 2022
| Banking | 2% | |
| Energy | 4% | |
| Information Technology | 6% | |
| Healthcare | 8% | |
| Travel | 1% | |
| Construction | 3% | |
| Education | 5% |
Listed above are the average annual increase rates for each industry in Aland Islands for the year 2022. 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.
Average Salary Increase Rate by Experience Level
| Junoir Level | 3% - 5% | |
| Mid-Career | 6% - 9% | |
| Senior Level | 10% - 15% | |
| Top Management | 15% - 20% |
The difference in increment rates is somehow justified because employers put more effort to retain more experienced staff since they are harder to acquire than less experienced ones.
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
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.
Bonus and Incentive Rates in Aland Islands
How much and how often are bonuses being awarded?
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68% of surveyed staff in Aland Islands reported that they haven't received any bonuses or incentives in the previous year while 32% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 3% to 5% of their annual salary.
| Received Bonus | 32% | |
| No Bonus | 68% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe 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.
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.
Bonus Rates Comparison by Career Field
| Finance | High | |
| Architecture | High | |
| Sales | High | |
| Business Development | High | |
| Marketing / Advertising | High | |
| Information Technology | Moderate | |
| Healthcare | Moderate | |
| Insurance | Moderate | |
| Customer Service | Moderate | |
| Human Resources | Moderate | |
| Construction | Low | |
| Transport | Low | |
| Hospitality | Low |
What makes a position worthy of good bonuses and a high salary?
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.
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.
Salary Trend and Forecast in Aland Islands
How are Aland Islands salaries changing over time? The chart below shows the average salary change in the past few years.
| Average Salary 2019 | 3,310 EUR | |
| Average Salary 2020 | +3% | 3,410 EUR |
| Average Salary 2021 | +3% | 3,520 EUR |
| Average Salary 2022 | +1% | 3,570 EUR |
Salaries in Aland Islands are on the rise in the year 2023 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2022 are 1% higher than those of 2021. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from industry to another.
Salaries for popular jobs. Salaries by occupations.
| Job Title | Average Salary |
| Accounting and Finance | |
| Accountant | 2,740 EUR |
| Accounting Assistant | 2,140 EUR |
| Accounting Manager | 5,410 EUR |
| Bookkeeper | 1,740 EUR |
| Chartered Accountant | 3,400 EUR |
| Corporate Treasurer | 5,160 EUR |
| Financial Analyst | 4,720 EUR |
| Financial Manager | 7,230 EUR |
| Internal Auditor | 3,520 EUR |
Administration / Reception / Secretarial | |
| Administrative Assistant | 1,940 EUR |
| Office Manager | 3,300 EUR |
| Receptionist | 1,420 EUR |
| Secretary | 1,720 EUR |
Advertising / Grapic Design / Events | |
| Art Director | 3,880 EUR |
| Creative Director | 3,930 EUR |
| Graphic Designer | 2,290 EUR |
| Photographer | 2,020 EUR |
Airlines / Aviation / Aerospace / Defense | |
| Aerospace Engineer | 4,710 EUR |
| Air Traffic Controller | 4,050 EUR |
| Flight Attendant | 2,610 EUR |
| Pilot | 6,600 EUR |
Architecture | |
| Architect | 4,650 EUR |
| CAD Drafter | 1,990 EUR |
Automotive | |
| Mechanic | 1,380 EUR |
| Service Advisor | 2,540 EUR |
Banking | |
| Bank Branch Manager | 7,120 EUR |
| Teller | 1,420 EUR |
Bilingual | |
| Teacher | 2,880 EUR |
| Translator | 3,400 EUR |
Business Planning | |
| Business Analyst | 4,770 EUR |
| Business Development Manager | 6,260 EUR |
| Project Manager | 4,270 EUR |
Care Giving and Child Care | |
| Nanny | 1,510 EUR |
| Nursery Teacher | 1,360 EUR |
Construction / Building / Installation | |
| Civil Engineer | 3,340 EUR |
| Construction Project Manager | 6,430 EUR |
| Health and Safety Officer | 1,760 EUR |
Customer Service and Call Center | |
| Call Center Representative | 1,380 EUR |
| Customer Service Manager | 5,080 EUR |
| Customer Service Representative | 1,410 EUR |
Engineering | |
| Electrical Engineer | 3,580 EUR |
| Engineer | 3,450 EUR |
| Mechanical Engineer | 3,590 EUR |
Executive and Management | |
| Chief Executive Officer | 8,250 EUR |
| Chief Financial Officer | 7,550 EUR |
| General Manager | 6,580 EUR |
Food / Hospitality / Tourism / Catering | |
| Chef | 2,430 EUR |
| Executive Chef | 2,820 EUR |
| Hotel Manager | 6,550 EUR |
| Travel Agent | 2,340 EUR |
| Waiter / Waitress | 1,170 EUR |
Health and Medical | |
| Dentist | 8,980 EUR |
| Dietitian | 7,290 EUR |
| Laboratory Technician | 2,850 EUR |
| Nurse | 2,900 EUR |
Human Resources | |
| Human Resources Manager | 5,410 EUR |
| Human Resources Officer | 2,180 EUR |
Information Technology | |
| Computer Technician | 3,030 EUR |
| Database Administrator | 3,650 EUR |
| Developer / Programmer | 3,750 EUR |
| Information Technology Manager | 6,040 EUR |
| Network Engineer | 3,400 EUR |
Law Enforcement / Security / Fire | |
| Police Officer | 2,180 EUR |
Legal | |
| Attorney | 7,210 EUR |
| Legal Assistant | 1,950 EUR |
Media / Broadcasting / Arts / Entertainment | |
| Journalist | 4,470 EUR |
Pharmaceutical and Biotechnology | |
| Biomedical Engineer | 3,270 EUR |
| Pharmacist | 5,010 EUR |
Sales Retail and Wholesale | |
| Cashier | 1,400 EUR |
| Sales Manager | 6,520 EUR |
| Sales Representative | 2,460 EUR |
Teaching / Education | |
| Elementary School Teacher | 2,540 EUR |
| Secondary School Teacher | 3,190 EUR |
Average Hourly Wage in Aland Islands
21 EUR per hourThe average hourly wage (pay per hour) in Aland Islands is 21 EUR. This means that the average person in Aland Islands earns approximately 21 EUR for every worked hour.
About The Hourly Pay Rate
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.
What is the minimum hourly rate of pay?
This minimum pay rate per hour for a person in Aland Islands is 5 EUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
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 Aland Islands earn 18% more than their private sector counterparts on average across all sectors.
| Private Sector | 3,270 EUR | |
| Public Sector | +18% | 3,860 EUR |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary in Aland Islands?
It is extremely difficult to give an exact figure of a good salary when no specific job is selected, however; an estimate can be provided based purely on the cost of living. A good compensation in Aland Islands would range anywhere between 3,130 EUR and 4,750 EUR.
Gross Salary (before tax) and Net Salary (after tax)
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 salart after tax for every career.
Base / Basic Salary
The base salary in Aland Islands is ranges from 2,260 EUR to 4,750 EUR. The base salary depends on many factors including profession, experience, and education. It is not easy to provide a figure with very little information, so take this range in a grain of salt.
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
