Average Area Sales Manager Salary in Faroe Islands for 2024

In this article, we will look at the average Area Sales Manager salary for 2024 in Faroe Islands and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Danish krone. To keep things simple, we are using the DKK currency code instead of the currency symbol kr.

How Much Does an Area Sales Manager Make in Faroe Islands?

An Area Sales Manager working in Faroe Islands will typically earn around 500,100 DKK per year, and this can range from the lowest average salary of about 251,500 DKK to the highest average salary of 773,400 DKK.

Average Annual Salary
500,100 DKK
Average Monthly Salary
41,675 DKK

Lowest Annual Salary
251,500 DKK
Lowest Monthly Salary
20,958 DKK

Highest Annual Salary
773,400 DKK
Highest Monthly Salary
64,450 DKK

These are average salaries for an Area Sales Manager in Faroe Islands and include benefits such as housing and transport. It's also possible for an Area Sales Manager to earn more or less than the average salaries shown above.

Area Sales Manager salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Area Sales Manager Salaries in Faroe Islands

So we've looked at the average salaries an Area Sales Manager will earn in Faroe Islands. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Area Sales Manager can earn between 251,500 DKK and 773,400 DKK on average in Faroe Islands. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for an Area Sales Manager in Faroe Islands is 500,100 DKK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 500,100 DKK, and 50% of the population earn more than 500,100 DKK.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Area Sales Manager salary in Faroe Islands, 25% of the population are earning less than 339,100 DKK while 75% of the population earn more than 339,100 DKK.

75% of the population earn less than 638,700 DKK, and 25% of the population earn more than 638,700 DKK.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Area Sales Manager Salary by Experience Level in Faroe Islands

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average area sales manager salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. An Area Sales Manager in Faroe Islands that has less than two years of experience can expect to earn somewhere in the region of 301,800 DKK.
  • 2 - 5 Years Experience. With two to five years of experience the average Area Sales Manager salary would increase to 396,300 DKK.
  • 5 - 10 Years Experience. From five to ten years of experience as an Area Sales Manager, the average salary would be 529,600 DKK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 632,400 DKK.
  • 15 - 20 Years Experience. An Area Sales Manager with 15 to 20 years of experience can earn an average of 683,400 DKK.
  • 20+ Years Experience. For an Area Sales Manager with more than 20 years, the expected average salary increases to 733,300 DKK.

Average Salary by Experience Chart

0-2 Years
301,800 DKK
2-5 Years +32%
396,300 DKK
5-10 Years +34%
529,600 DKK
10-15 Years +19%
632,400 DKK
15-20 Years +8%
683,400 DKK
20+ Years +7%
733,300 DKK

Area Sales Manager Salary by Education Level in Faroe Islands

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for an Area Sales Manager in Faroe Islands based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. An Area Sales Manager in Faroe Islands with a high school education can earn an average salary of 376,800 DKK.

  • Certificate or Diploma. An Area Sales Manager in Faroe Islands with a certificate or diploma education can earn an average salary of 426,700 DKK.

  • Bachelor's Degree. An Area Sales Manager in Faroe Islands with a bachelor's degree education can earn an average salary of 580,600 DKK.

  • Master's Degree. An Area Sales Manager in Faroe Islands with a master's degree education can earn an average salary of 733,300 DKK.

Average Salary by Education Chart

High School
376,800 DKK
Certificate or Diploma +14%
426,700 DKK
Bachelor's Degree +36%
580,600 DKK
Master's Degree +26%
733,300 DKK

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Faroe Islands is around 134,000 to 401,000 DKK and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Area Sales Manager Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Faroe Islands, a male area sales manager will earn an average of 514,300 DKK, while a female area sales manager will earn around 483,400 DKK.

This means that a male area sales manager earns approximately 6% more than a female area sales manager for performing the same job.

Average Salary by Gender Chart in Faroe Islands

Male
514,300 DKK
Female -6%
483,400 DKK

Area Sales Manager Average Pay Raise in Faroe Islands

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for an Area Sales Manager in Faroe Islands is around 8% every 29 months.

The national average pay raise across all professions and industries in Faroe Islands is around 4% every 29 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 8 ÷ 29 ) × 12  = 3%

What this means is that an Area Sales Manager in Faroe Islands can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Faroe Islands for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Faroe Islands.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Area Sales Manager Bonus and Incentive Rates in Faroe Islands

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

An Area Sales Manager is a moderate bonus based job, with 63% of employees reporting at least one bonus in the last 12 months.

37% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 5% to 8%.

Received Bonus
63%
No Bonus
37%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Faroe Islands earn approximately 19% more than private sector employees in the same role.

Public Sector
352,000 DKK
Private Sector -19%
297,000 DKK

Salaries for Jobs Similar to an Area Sales Manager

In the table below, we have salary information for jobs that are similar to an Area Sales Manager in Faroe Islands.

Job Title Category Salary
Account Manager Sales Retail and Wholesale 340,000 DKK
Account Officer Sales Retail and Wholesale 197,600 DKK
Area Manager Sales Retail and Wholesale 396,300 DKK
Area Sales Director Sales Retail and Wholesale 660,500 DKK
Assisstant Store Supervisor Sales Retail and Wholesale 208,600 DKK
Assistant Department Manager Sales Retail and Wholesale 239,000 DKK
Assistant Retail Store Manager Sales Retail and Wholesale 288,100 DKK
Branch Manager Sales Retail and Wholesale 383,300 DKK
Branch Supervisor Sales Retail and Wholesale 322,600 DKK
Cashier Sales Retail and Wholesale 123,400 DKK
Cashier Manager Sales Retail and Wholesale 259,100 DKK
Commercial Sales Manager Sales Retail and Wholesale 510,000 DKK
Corporate Sales Manager Sales Retail and Wholesale 431,100 DKK
Depot Manager Sales Retail and Wholesale 354,000 DKK
Depot Supervisor Sales Retail and Wholesale 318,800 DKK
Deputy Sales Manager Sales Retail and Wholesale 340,400 DKK
Director of Sales Sales Retail and Wholesale 580,600 DKK
Distribution Director Sales Retail and Wholesale 414,000 DKK
District Leader Sales Retail and Wholesale 317,700 DKK
District Manager Sales Retail and Wholesale 394,300 DKK
District Sales Manager Sales Retail and Wholesale 384,500 DKK
External Sales Account Manager Sales Retail and Wholesale 352,000 DKK
Field Sales Representative Sales Retail and Wholesale 252,300 DKK
Furniture Sales Associate Sales Retail and Wholesale 172,200 DKK
Global Wholesale Manager Sales Retail and Wholesale 695,400 DKK
Head Cashier Sales Retail and Wholesale 233,600 DKK
Head of Direct Sales Sales Retail and Wholesale 487,600 DKK
Head of Retail Sales Retail and Wholesale 436,200 DKK
Head Teller Sales Retail and Wholesale 249,600 DKK
Inside Sales Sales Retail and Wholesale 190,500 DKK
Inside Sales Account Manager Sales Retail and Wholesale 294,700 DKK
Inside Sales Engineer Sales Retail and Wholesale 214,000 DKK
Inside Sales Executive Sales Retail and Wholesale 340,400 DKK
Inside Sales Representative Sales Retail and Wholesale 216,800 DKK
Internal Sales Manager Sales Retail and Wholesale 389,200 DKK
Inventory Manager Sales Retail and Wholesale 359,900 DKK
Key Account Manager Sales Retail and Wholesale 351,200 DKK
Medical Device Sales Sales Retail and Wholesale 275,200 DKK
Medical Device Sales Representative Sales Retail and Wholesale 294,300 DKK
Merchandiser Sales Retail and Wholesale 238,900 DKK
National Account Manager Sales Retail and Wholesale 504,300 DKK
National Customer Solution Specialist Sales Retail and Wholesale 404,600 DKK
National Sales Manager Sales Retail and Wholesale 659,400 DKK
Outside Sales Representative Sales Retail and Wholesale 252,300 DKK
Parts Salesperson Sales Retail and Wholesale 200,000 DKK
Project Development Manager Sales Retail and Wholesale 417,100 DKK
Project Manager Sales Retail and Wholesale 419,400 DKK
Project Sales Executive Sales Retail and Wholesale 382,600 DKK
Purchasing and Sales Executive Sales Retail and Wholesale 555,800 DKK
Quotation Engineer Sales Retail and Wholesale 196,800 DKK
Regional Sales Director Sales Retail and Wholesale 683,400 DKK
Regional Sales Manager Sales Retail and Wholesale 671,000 DKK
Relationship Manager Sales Retail and Wholesale 413,900 DKK
Retail Merchandiser Sales Retail and Wholesale 159,100 DKK
Retail Operations Manager Sales Retail and Wholesale 383,300 DKK
Retail Sales Associate Sales Retail and Wholesale 286,400 DKK
Retail Sales Representative Sales Retail and Wholesale 225,300 DKK
Retail Salesperson Sales Retail and Wholesale 191,600 DKK
Retail Store Manager Sales Retail and Wholesale 399,900 DKK
Retail Store Sales Person Sales Retail and Wholesale 200,000 DKK
Revenue Manager Sales Retail and Wholesale 389,200 DKK
Sales Account Manager Sales Retail and Wholesale 442,200 DKK
Sales Admin Executive Sales Retail and Wholesale 485,300 DKK
Sales Administration Manager Sales Retail and Wholesale 487,600 DKK
Sales Analyst Sales Retail and Wholesale 369,300 DKK
Sales Assistant Sales Retail and Wholesale 142,300 DKK
Sales Associate Sales Retail and Wholesale 205,700 DKK
Sales Consultant Sales Retail and Wholesale 301,800 DKK
Sales Coordinator Sales Retail and Wholesale 208,600 DKK
Sales Development Representative Sales Retail and Wholesale 253,400 DKK
Sales Director Sales Retail and Wholesale 595,300 DKK
Sales Engineer Sales Retail and Wholesale 231,000 DKK
Sales Executive Sales Retail and Wholesale 414,000 DKK
Sales Manager Sales Retail and Wholesale 538,600 DKK
Sales Officer Sales Retail and Wholesale 207,700 DKK
Sales Planner Sales Retail and Wholesale 308,300 DKK
Sales Planning Analyst Sales Retail and Wholesale 349,300 DKK
Sales Representative Sales Retail and Wholesale 197,600 DKK
Sales Service Associate Sales Retail and Wholesale 185,100 DKK
Sales Specialist Sales Retail and Wholesale 297,000 DKK
Sales Supervisor Sales Retail and Wholesale 322,600 DKK
Sales Support Sales Retail and Wholesale 150,000 DKK
Sales Support Manager Sales Retail and Wholesale 345,700 DKK
Sales Team Leader Sales Retail and Wholesale 319,600 DKK
Sales Trainer Sales Retail and Wholesale 359,900 DKK
Securities Sales Agent Sales Retail and Wholesale 325,900 DKK
Shipper / Receiver Sales Retail and Wholesale 148,300 DKK
Shop Manager Sales Retail and Wholesale 359,900 DKK
Store Development Administrator Sales Retail and Wholesale 263,200 DKK
Store Manager Sales Retail and Wholesale 394,300 DKK
Territory Sales Manager Sales Retail and Wholesale 513,300 DKK
Territory Sales Representative Sales Retail and Wholesale 279,400 DKK
Trade Marketing Officer Sales Retail and Wholesale 351,900 DKK
Treasury Officer Sales Retail and Wholesale 308,300 DKK
Vice President Sales Sales Retail and Wholesale 471,700 DKK
Visual Merchandiser Sales Retail and Wholesale 180,500 DKK

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