Average Assistant Architectural Manager Salary in Faroe Islands for 2024

In this article, we will look at the average Assistant Architectural 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 Assistant Architectural Manager Make in Faroe Islands?

An Assistant Architectural Manager working in Faroe Islands will typically earn around 529,600 DKK per year, and this can range from the lowest average salary of about 272,800 DKK to the highest average salary of 816,000 DKK.

Average Annual Salary
529,600 DKK
Average Monthly Salary
44,133 DKK

Lowest Annual Salary
272,800 DKK
Lowest Monthly Salary
22,733 DKK

Highest Annual Salary
816,000 DKK
Highest Monthly Salary
68,000 DKK

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

Assistant Architectural 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 Assistant Architectural Manager Salaries in Faroe Islands

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

Salary ranges

We already know that an Assistant Architectural Manager can earn between 272,800 DKK and 816,000 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 Assistant Architectural Manager in Faroe Islands is 522,700 DKK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 522,700 DKK, and 50% of the population earn more than 522,700 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 Assistant Architectural Manager salary in Faroe Islands, 25% of the population are earning less than 357,300 DKK while 75% of the population earn more than 357,300 DKK.

75% of the population earn less than 656,800 DKK, and 25% of the population earn more than 656,800 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.

Assistant Architectural 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 assistant architectural 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 Assistant Architectural Manager in Faroe Islands that has less than two years of experience can expect to earn somewhere in the region of 301,700 DKK.
  • 2 - 5 Years Experience. With two to five years of experience the average Assistant Architectural Manager salary would increase to 394,500 DKK.
  • 5 - 10 Years Experience. From five to ten years of experience as an Assistant Architectural Manager, the average salary would be 555,800 DKK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 665,300 DKK.
  • 15 - 20 Years Experience. An Assistant Architectural Manager with 15 to 20 years of experience can earn an average of 724,000 DKK.
  • 20+ Years Experience. For an Assistant Architectural Manager with more than 20 years, the expected average salary increases to 781,200 DKK.

Average Salary by Experience Chart

0-2 Years
301,700 DKK
2-5 Years +31%
394,500 DKK
5-10 Years +40%
555,800 DKK
10-15 Years +20%
665,300 DKK
15-20 Years +9%
724,000 DKK
20+ Years +8%
781,200 DKK

Assistant Architectural 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 Assistant Architectural 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 Assistant Architectural Manager in Faroe Islands with a high school education can earn an average salary of 365,400 DKK.

  • Certificate or Diploma. An Assistant Architectural Manager in Faroe Islands with a certificate or diploma education can earn an average salary of 417,100 DKK.

  • Bachelor's Degree. An Assistant Architectural Manager in Faroe Islands with a bachelor's degree education can earn an average salary of 587,800 DKK.

  • Master's Degree. An Assistant Architectural Manager in Faroe Islands with a master's degree education can earn an average salary of 757,600 DKK.

Average Salary by Education Chart

High School
365,400 DKK
Certificate or Diploma +15%
417,100 DKK
Bachelor's Degree +41%
587,800 DKK
Master's Degree +29%
757,600 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.

Assistant Architectural 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 assistant architectural manager will earn an average of 573,500 DKK, while a female assistant architectural manager will earn around 492,400 DKK.

This means that a male assistant architectural manager earns approximately 16% more than a female assistant architectural manager for performing the same job.

Average Salary by Gender Chart in Faroe Islands

Male
573,500 DKK
Female -16%
492,400 DKK

Assistant Architectural 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 Assistant Architectural Manager in Faroe Islands is around 8% every 31 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 ÷ 31 ) × 12  = 3%

What this means is that an Assistant Architectural 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%

Assistant Architectural 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 Assistant Architectural Manager is a low bonus based job, with 38% of employees reporting at least one bonus in the last 12 months.

62% 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 3% to 6%.

Received Bonus
38%
No Bonus
62%

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 Assistant Architectural Manager

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

Job Title Category Salary
Architect Architecture 357,700 DKK
Architectural Designer Architecture 363,000 DKK
Architectural Drafter Architecture 151,800 DKK
Architectural Manager Architecture 544,800 DKK
Architectural Technician Architecture 200,000 DKK
Architectural Technologist Architecture 204,000 DKK
Architecture Consultant Architecture 552,400 DKK
Architecture Estimating Manager Architecture 430,000 DKK
Architecture Specifications Writer Architecture 143,200 DKK
CAD Drafter Architecture 164,200 DKK
CAD Manager Architecture 366,200 DKK
Design and Decoration Assistant Architecture 159,500 DKK
Design Manager Architecture 496,100 DKK
Drafter Architecture 143,200 DKK
Drafting Supervisor Architecture 259,100 DKK
Facilities and Project Manager Architecture 513,300 DKK
Facility Planner Architecture 272,800 DKK
Interior Architect Architecture 301,600 DKK
Interior Decorator Architecture 272,800 DKK
Interior Design Assistant Architecture 136,200 DKK
Interior Designer Architecture 313,700 DKK
Kitchen Designer Architecture 196,800 DKK
Landscape Architect Architecture 437,900 DKK
Landscape Artist Architecture 247,800 DKK
Landscaper Architecture 208,600 DKK
Mapping Technician Architecture 143,200 DKK
Mechanical Drafter Architecture 172,200 DKK
Photogrammetrist Architecture 152,000 DKK

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