Average CAD Design Engineer Salary in Faroe Islands for 2024

In this article, we will look at the average CAD Design Engineer 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 a CAD Design Engineer Make in Faroe Islands?

A CAD Design Engineer working in Faroe Islands will typically earn around 275,200 DKK per year, and this can range from the lowest average salary of about 129,000 DKK to the highest average salary of 431,300 DKK.

Average Annual Salary
275,200 DKK
Average Monthly Salary
22,933 DKK

Lowest Annual Salary
129,000 DKK
Lowest Monthly Salary
10,750 DKK

Highest Annual Salary
431,300 DKK
Highest Monthly Salary
35,941 DKK

These are average salaries for a CAD Design Engineer in Faroe Islands and include benefits such as housing and transport. It's also possible for a CAD Design Engineer to earn more or less than the average salaries shown above.

CAD Design Engineer 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 CAD Design Engineer Salaries in Faroe Islands

So we've looked at the average salaries a CAD Design Engineer will earn in Faroe Islands. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a CAD Design Engineer can earn between 129,000 DKK and 431,300 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 a CAD Design Engineer in Faroe Islands is 288,700 DKK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 288,700 DKK, and 50% of the population earn more than 288,700 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 CAD Design Engineer salary in Faroe Islands, 25% of the population are earning less than 189,300 DKK while 75% of the population earn more than 189,300 DKK.

75% of the population earn less than 382,600 DKK, and 25% of the population earn more than 382,600 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.

CAD Design Engineer 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 cad design engineer 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 CAD Design Engineer in Faroe Islands that has less than two years of experience can expect to earn somewhere in the region of 150,000 DKK.
  • 2 - 5 Years Experience. With two to five years of experience the average CAD Design Engineer salary would increase to 204,000 DKK.
  • 5 - 10 Years Experience. From five to ten years of experience as a CAD Design Engineer, the average salary would be 292,000 DKK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 354,000 DKK.
  • 15 - 20 Years Experience. A CAD Design Engineer with 15 to 20 years of experience can earn an average of 376,800 DKK.
  • 20+ Years Experience. For a CAD Design Engineer with more than 20 years, the expected average salary increases to 409,000 DKK.

Average Salary by Experience Chart

0-2 Years
150,000 DKK
2-5 Years +38%
204,000 DKK
5-10 Years +42%
292,000 DKK
10-15 Years +22%
354,000 DKK
15-20 Years +6%
376,800 DKK
20+ Years +9%
409,000 DKK

CAD Design Engineer 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 a CAD Design Engineer 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.

  • Bachelor's Degree. A CAD Design Engineer in Faroe Islands with a bachelor's degree education can earn an average salary of 204,000 DKK.

  • Master's Degree. A CAD Design Engineer in Faroe Islands with a master's degree education can earn an average salary of 376,800 DKK.

Average Salary by Education Chart

Bachelor's Degree
204,000 DKK
Master's Degree +83%
376,800 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.

CAD Design Engineer 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 cad design engineer will earn an average of 294,300 DKK, while a female cad design engineer will earn around 257,700 DKK.

This means that a male cad design engineer earns approximately 14% more than a female cad design engineer for performing the same job.

Average Salary by Gender Chart in Faroe Islands

Male
294,300 DKK
Female -14%
257,700 DKK

CAD Design Engineer 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 a CAD Design Engineer in Faroe Islands is around 7% 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 = ( 7 ÷ 29 ) × 12  = 3%

What this means is that a CAD Design Engineer 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%

CAD Design Engineer 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.

A CAD Design Engineer is a low bonus based job, with 15% of employees reporting at least one bonus in the last 12 months.

85% 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 0% to 4%.

Received Bonus
15%
No Bonus
85%

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 a CAD Design Engineer

In the table below, we have salary information for jobs that are similar to a CAD Design Engineer in Faroe Islands.

Job Title Category Salary
Acoustics Engineer Engineering 273,000 DKK
Assembly Engineering Technician Engineering 215,100 DKK
Assistant Chief Engineer Engineering 301,700 DKK
Associate Engineer Engineering 239,300 DKK
AutoCAD Drafter Engineering 163,800 DKK
Autocad Operator Engineering 174,000 DKK
Automation Engineer Engineering 283,700 DKK
Automation Engineer Engineering 290,800 DKK
Avionic System Support Engineer Engineering 272,800 DKK
Biochemical Engineer Engineering 245,300 DKK
BMS Engineer Engineering 251,500 DKK
Bridge and Lock Tender Engineering 142,300 DKK
Broadcast Engineer Engineering 277,400 DKK
CAD Designer Engineering 180,300 DKK
CAE Engineer Engineering 275,800 DKK
Ceramics Engineer Engineering 239,300 DKK
Chemical Engineer Engineering 292,000 DKK
Civil Drafter Engineering 180,500 DKK
Civil Engineer Engineering 294,700 DKK
Civil Site Engineer Engineering 294,700 DKK
Civil Technician Engineering 169,000 DKK
Commissioning Engineer Engineering 258,400 DKK
Communications Engineer Engineering 299,500 DKK
Condition Monitoring Engineer Engineering 233,900 DKK
Contract Associate Engineer Engineering 251,500 DKK
Contract Engineer Engineering 267,100 DKK
Control Systems Engineer Engineering 279,400 DKK
Controls Engineer Engineering 263,200 DKK
Controls Software Engineer Engineering 243,000 DKK
Corrosion Engineer Engineering 254,800 DKK
Design Engineer Engineering 283,400 DKK
Director of Engineering Engineering 553,400 DKK
Drafter Engineering 176,800 DKK
Drafting Manager Engineering 313,700 DKK
Drilling Engineer Engineering 261,300 DKK
Drilling Foreman Engineering 83,100 DKK
Electrical Draughtsman Engineering 148,300 DKK
Electrical Engineer Engineering 313,700 DKK
Electrical Engineering Manager Engineering 401,300 DKK
Electromechanical Engineering Technologist Engineering 283,700 DKK
Electromechanical Equipment Assembler Engineering 151,800 DKK
Energy Engineer Engineering 299,500 DKK
Engine Assembler Engineering 117,520 DKK
Engineer Engineering 288,100 DKK
Engineering Account Manager Engineering 314,500 DKK
Engineering Chief Designer Engineering 311,700 DKK
Engineering Consultant Engineering 372,600 DKK
Engineering Key Account Manager Engineering 414,000 DKK
Engineering Lab Technician Engineering 261,300 DKK
Engineering Manager Engineering 367,200 DKK
Engineering Planning Manager Engineering 399,900 DKK
Engineering Production Manager Engineering 475,700 DKK
Engineering Project Analyst Engineering 325,800 DKK
Engineering Project Coordinator Engineering 315,900 DKK
Engineering Project Director Engineering 558,300 DKK
Engineering Project Leader Engineering 354,000 DKK
Engineering Project Manager Engineering 381,800 DKK
Engineering Research and Development Manager Engineering 424,300 DKK
Engineering Safety Coordinator Engineering 207,800 DKK
Engineering Sales Manager Engineering 369,900 DKK
Engineering Technician Engineering 209,700 DKK
Engineering Technologist Engineering 215,100 DKK
Environmental Engineer Engineering 257,700 DKK
Equipment Engineer Engineering 257,700 DKK
Equipment Engineering Manager Engineering 361,500 DKK
Estimator Engineering 237,400 DKK
Fabrication Specialist Engineering 192,600 DKK
Fabricator Engineering 130,400 DKK
Facade Engineer Engineering 273,000 DKK
Fiber Analyst Engineering 161,600 DKK
Field Engineer Engineering 275,500 DKK
Field Engineering Manager Engineering 485,300 DKK
Fire Engineer Engineering 268,900 DKK
Fitter and Turner Engineering 93,660 DKK
Forestry Strategic Planner Engineering 327,800 DKK
Generation Engineer Engineering 272,800 DKK
Genetic Engineer Engineering 314,500 DKK
Geological Engineer Engineering 273,300 DKK
Geotechnical Engineer Engineering 296,000 DKK
Heavy Equipment Mechanic Engineering 148,300 DKK
Highway Engineer Engineering 271,300 DKK
HSE Professional Engineering 245,300 DKK
HVAC Engineer Engineering 308,300 DKK
HVAC Supervisor Engineering 243,000 DKK
Industrial Engineer Engineering 273,300 DKK
Industrial Engineering Technologist Engineering 275,800 DKK
Instrument Engineer Engineering 275,200 DKK
Instrument Technician Engineering 146,200 DKK
Instrumentation and Control Engineer Engineering 281,500 DKK
Instrumentation Designer Engineering 232,400 DKK
Instrumentation Engineer Engineering 277,400 DKK
Instrumentation Manager Engineering 265,000 DKK
Irrigation Engineer Engineering 266,000 DKK
Licensed Aircraft Engineer Engineering 301,300 DKK
Locomotive Engineer Engineering 265,000 DKK
Maintenance Engineer Engineering 251,500 DKK
Maintenance Fitter Engineering 96,520 DKK
Maintenance Manager Engineering 275,500 DKK
Manufacturing Engineer Engineering 275,800 DKK
Marine Engineer Engineering 279,400 DKK
Materials Engineer Engineering 265,000 DKK
Materials Researcher Engineering 257,700 DKK
Materials Technician Engineering 194,600 DKK
Mechanical and Electrical Engineer Engineering 301,800 DKK
Mechanical Design Engineer Engineering 305,600 DKK
Mechanical Designer Engineering 239,000 DKK
Mechanical Engineer Engineering 309,800 DKK
Mechanical Engineering Manager Engineering 394,300 DKK
Mechanical Inspector Engineering 259,100 DKK
Mechatronics Engineer Engineering 309,800 DKK
Mining Engineer Engineering 282,300 DKK
Oil and Petrochemical Engineer Engineering 290,800 DKK
Optical Engineer Engineering 263,100 DKK
Optical Instrument Assembler Engineering 148,300 DKK
PCB Assembler Engineering 102,460 DKK
Photonics Engineer Engineering 311,700 DKK
Photonics Technician Engineering 246,500 DKK
Pipeline Engineer Engineering 263,100 DKK
Piping Designer Engineering 152,100 DKK
Piping Engineer Engineering 247,800 DKK
Planning Engineer Engineering 294,300 DKK
Pressure Vessel Inspector Engineering 127,700 DKK
Principal Cost Engineer Engineering 282,300 DKK
Principal Engineer Engineering 281,500 DKK
Principal Support Engineer Engineering 273,300 DKK
Process Engineer Engineering 283,400 DKK
Process Operator Engineering 168,100 DKK
Product Development Engineer Engineering 286,400 DKK
Product Development Technician Engineering 204,700 DKK
Product Engineer Engineering 279,400 DKK
Product Safety Engineer Engineering 271,300 DKK
Production Engineer Engineering 290,800 DKK
Project Engineer Engineering 305,600 DKK
Proposal Manager Engineering 348,300 DKK
Purchasing Engineer Engineering 265,000 DKK
Quality Assurance Engineer Engineering 275,500 DKK
Rail Engineer Engineering 273,000 DKK
Regional Field Engineer Engineering 301,600 DKK
Robotics Engineer Engineering 314,500 DKK
Robotics Technician Engineering 221,500 DKK
Safety Engineer Engineering 263,900 DKK
Safety Inspector Engineering 204,000 DKK
Safety Manager Engineering 335,100 DKK
Safety Officer Engineering 146,200 DKK
Sales Engineer Engineering 288,700 DKK
Scheduling Engineer Engineering 243,000 DKK
Service Engineer Engineering 275,500 DKK
Solar Engineer Engineering 301,800 DKK
Staff Engineer Engineering 263,900 DKK
Static Equipment Engineer Engineering 261,300 DKK
Stationary Engineer Engineering 263,200 DKK
Stress Engineer Engineering 246,500 DKK
Structural Analysis Engineer Engineering 279,400 DKK
Structural Designer Engineering 253,400 DKK
Structural Engineer Engineering 272,800 DKK
Structural Technician Engineering 172,400 DKK
Supply Chain Specialist Engineering 261,300 DKK
Surveyor Engineering 204,000 DKK
Technical Affairs Officer Engineering 136,100 DKK
Technical Assistant Engineering 137,400 DKK
Technical Engineer Engineering 232,400 DKK
Technical Support Engineer Engineering 233,900 DKK
Tender Engineer Engineering 240,500 DKK
Test Development Engineer Engineering 267,100 DKK
Test Engineer Engineering 263,200 DKK
Transportation Engineer Engineering 268,900 DKK
Validation Engineer Engineering 259,100 DKK
Verification Engineer Engineering 257,700 DKK
Wastewater Engineer Engineering 266,000 DKK
Wind Energy Engineer Engineering 273,000 DKK
Wind Energy Operations Manager Engineering 348,300 DKK
Work Planner Engineering 187,500 DKK

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