Average Business Analyst Salary in Greenland for 2024

In this article, we will look at the average Business Analyst salary for 2024 in Greenland 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 krone. To keep things simple, we are using the DKK currency code instead of the currency symbol kr..

How Much Does a Business Analyst Make in Greenland?

A Business Analyst working in Greenland will typically earn around 398,300 DKK per year, and this can range from the lowest average salary of about 209,500 DKK to the highest average salary of 605,700 DKK.

Average Annual Salary
398,300 DKK
Average Monthly Salary
33,191 DKK

Lowest Annual Salary
209,500 DKK
Lowest Monthly Salary
17,458 DKK

Highest Annual Salary
605,700 DKK
Highest Monthly Salary
50,475 DKK

These are average salaries for a Business Analyst in Greenland and include benefits such as housing and transport. It's also possible for a Business Analyst to earn more or less than the average salaries shown above.

Business Analyst 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 Business Analyst Salaries in Greenland

So we've looked at the average salaries a Business Analyst will earn in Greenland. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Business Analyst can earn between 209,500 DKK and 605,700 DKK on average in Greenland. 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 a Business Analyst in Greenland is 375,200 DKK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 375,200 DKK, and 50% of the population earn more than 375,200 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 Business Analyst salary in Greenland, 25% of the population are earning less than 263,900 DKK while 75% of the population earn more than 263,900 DKK.

75% of the population earn less than 460,500 DKK, and 25% of the population earn more than 460,500 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.

Business Analyst Salary by Experience Level in Greenland

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 business analyst 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. A Business Analyst in Greenland that has less than two years of experience can expect to earn somewhere in the region of 240,500 DKK.
  • 2 - 5 Years Experience. With two to five years of experience the average Business Analyst salary would increase to 299,500 DKK.
  • 5 - 10 Years Experience. From five to ten years of experience as a Business Analyst, the average salary would be 420,800 DKK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 493,000 DKK.
  • 15 - 20 Years Experience. A Business Analyst with 15 to 20 years of experience can earn an average of 541,700 DKK.
  • 20+ Years Experience. For a Business Analyst with more than 20 years, the expected average salary increases to 573,500 DKK.

Average Salary by Experience Chart

0-2 Years
240,500 DKK
2-5 Years +23%
299,500 DKK
5-10 Years +42%
420,800 DKK
10-15 Years +17%
493,000 DKK
15-20 Years +10%
541,700 DKK
20+ Years +6%
573,500 DKK

Business Analyst Salary by Education Level in Greenland

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 a Business Analyst in Greenland based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Business Analyst in Greenland with a high school education can earn an average salary of 294,300 DKK.

  • Certificate or Diploma. A Business Analyst in Greenland with a certificate or diploma education can earn an average salary of 332,100 DKK.

  • Bachelor's Degree. A Business Analyst in Greenland with a bachelor's degree education can earn an average salary of 433,800 DKK.

  • Master's Degree. A Business Analyst in Greenland with a master's degree education can earn an average salary of 573,500 DKK.

Average Salary by Education Chart

High School
294,300 DKK
Certificate or Diploma +13%
332,100 DKK
Bachelor's Degree +31%
433,800 DKK
Master's Degree +32%
573,500 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 Greenland is around 141,000 to 424,000 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.

Business Analyst 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 Greenland, a male business analyst will earn an average of 417,100 DKK, while a female business analyst will earn around 366,200 DKK.

This means that a male business analyst earns approximately 14% more than a female business analyst for performing the same job.

Average Salary by Gender Chart in Greenland

Male
417,100 DKK
Female -14%
366,200 DKK

Business Analyst Average Pay Raise in Greenland

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 a Business Analyst in Greenland is around 9% every 28 months.

The national average pay raise across all professions and industries in Greenland 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 = ( 9 ÷ 28 ) × 12  = 4%

What this means is that a Business Analyst in Greenland can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Greenland for 2024

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

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

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Business Analyst Bonus and Incentive Rates in Greenland

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.

A Business Analyst is a moderate bonus based job, with 60% of employees reporting at least one bonus in the last 12 months.

40% 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 6% to 8%.

Received Bonus
60%
No Bonus
40%

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 Greenland earn approximately 20% more than private sector employees in the same role.

Public Sector
372,600 DKK
Private Sector -20%
309,800 DKK

Salaries for Jobs Similar to a Business Analyst

In the table below, we have salary information for jobs that are similar to a Business Analyst in Greenland.

Job Title Category Salary
Assistant Business Development Manager Business Planning 450,300 DKK
Assistant Merchandise Planner Business Planning 249,600 DKK
Business Advisor Business Planning 409,000 DKK
Business Consultant Business Planning 383,300 DKK
Business Continuity Associate Business Planning 252,300 DKK
Business Developer Business Planning 246,500 DKK
Business Development Analyst Business Planning 301,600 DKK
Business Development Associate Business Planning 216,800 DKK
Business Development Coordinator Business Planning 215,100 DKK
Business Development Director Business Planning 581,300 DKK
Business Development Engineer Business Planning 318,800 DKK
Business Development Executive Business Planning 411,400 DKK
Business Development Manager Business Planning 518,900 DKK
Business Development Specialist Business Planning 375,200 DKK
Business Manager Business Planning 480,300 DKK
Business Operations Specialist Business Planning 386,400 DKK
Business Process Writer Business Planning 227,600 DKK
Business Systems Analyst Business Planning 417,200 DKK
Capacity Planner Business Planning 294,300 DKK
Capacity Planning Supervisor Business Planning 386,400 DKK
Change Communications Analyst Business Planning 376,800 DKK
Change Control Analyst Business Planning 378,300 DKK
Change Impact Analyst Business Planning 376,800 DKK
Contracts Executive Business Planning 371,100 DKK
Corporate Strategy Analyst Business Planning 413,900 DKK
Cost Control Engineer Business Planning 261,300 DKK
Cost Controller Business Planning 288,700 DKK
Cost Estimator Business Planning 258,400 DKK
Data Executive Business Planning 208,600 DKK
Data Manager Business Planning 301,300 DKK
Data Processing Manager Business Planning 375,200 DKK
Development Researcher Business Planning 290,800 DKK
Director of Business Development Business Planning 552,400 DKK
Director of Production Planning Business Planning 472,000 DKK
Due Diligence Analyst Business Planning 413,900 DKK
Estimating Manager Business Planning 437,900 DKK
General Manager Business Planning 483,400 DKK
Incident Handler Business Planning 271,300 DKK
Incident Specialist Business Planning 325,600 DKK
Lean Consultant Business Planning 286,400 DKK
Manager Business Planning 510,000 DKK
Marketing and Business Development Manager Business Planning 487,600 DKK
Materials Planner Business Planning 172,200 DKK
Merchandise Assistant Business Planning 174,000 DKK
Merchandise Controller Business Planning 172,400 DKK
Merchandise Planner Business Planning 172,200 DKK
Operations Analyst Business Planning 366,200 DKK
Operations Manager Business Planning 433,800 DKK
Operations Research Analyst Business Planning 245,300 DKK
Planning and Reporting Manager Business Planning 428,400 DKK
Planning Director Business Planning 504,300 DKK
Project Administrator Business Planning 254,800 DKK
Project Manager Business Planning 394,800 DKK
Project Planner Business Planning 263,100 DKK
Research Assistant Business Planning 221,500 DKK
Research Engineer Business Planning 239,300 DKK
Research Officer Business Planning 204,700 DKK
Risk Management Specialist Business Planning 384,500 DKK
Scholarship Coordinator Business Planning 196,800 DKK
Store Planner Business Planning 195,200 DKK
Strategy Director Business Planning 551,200 DKK
Top Research and Development Executive Business Planning 582,700 DKK

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