Average Chief Product Officer Salary in Greenland for 2024

In this article, we will look at the average Chief Product Officer 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 Chief Product Officer Make in Greenland?

A Chief Product Officer working in Greenland will typically earn around 537,300 DKK per year, and this can range from the lowest average salary of about 282,500 DKK to the highest average salary of 817,800 DKK.

Average Annual Salary
537,300 DKK
Average Monthly Salary
44,775 DKK

Lowest Annual Salary
282,500 DKK
Lowest Monthly Salary
23,541 DKK

Highest Annual Salary
817,800 DKK
Highest Monthly Salary
68,150 DKK

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

Chief Product Officer 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 Chief Product Officer Salaries in Greenland

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

Salary ranges

We already know that a Chief Product Officer can earn between 282,500 DKK and 817,800 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 Chief Product Officer in Greenland is 504,400 DKK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 504,400 DKK, and 50% of the population earn more than 504,400 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 Chief Product Officer salary in Greenland, 25% of the population are earning less than 354,000 DKK while 75% of the population earn more than 354,000 DKK.

75% of the population earn less than 620,300 DKK, and 25% of the population earn more than 620,300 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.

Chief Product Officer 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 chief product officer 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 Chief Product Officer in Greenland that has less than two years of experience can expect to earn somewhere in the region of 327,800 DKK.
  • 2 - 5 Years Experience. With two to five years of experience the average Chief Product Officer salary would increase to 399,900 DKK.
  • 5 - 10 Years Experience. From five to ten years of experience as a Chief Product Officer, the average salary would be 566,900 DKK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 664,500 DKK.
  • 15 - 20 Years Experience. A Chief Product Officer with 15 to 20 years of experience can earn an average of 732,400 DKK.
  • 20+ Years Experience. For a Chief Product Officer with more than 20 years, the expected average salary increases to 774,200 DKK.

Average Salary by Experience Chart

0-2 Years
327,800 DKK
2-5 Years +23%
399,900 DKK
5-10 Years +42%
566,900 DKK
10-15 Years +17%
664,500 DKK
15-20 Years +10%
732,400 DKK
20+ Years +6%
774,200 DKK

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

  • Certificate or Diploma. A Chief Product Officer in Greenland with a certificate or diploma education can earn an average salary of 399,900 DKK.

  • Bachelor's Degree. A Chief Product Officer in Greenland with a bachelor's degree education can earn an average salary of 519,300 DKK.

  • Master's Degree. A Chief Product Officer in Greenland with a master's degree education can earn an average salary of 743,300 DKK.

Average Salary by Education Chart

Certificate or Diploma
399,900 DKK
Bachelor's Degree +29%
519,300 DKK
Master's Degree +43%
743,300 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 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.

Chief Product Officer 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 chief product officer will earn an average of 562,600 DKK, while a female chief product officer will earn around 492,700 DKK.

This means that a male chief product officer earns approximately 14% more than a female chief product officer for performing the same job.

Average Salary by Gender Chart in Greenland

Male
562,600 DKK
Female -14%
492,700 DKK

Chief Product Officer 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 Chief Product Officer in Greenland is around 8% every 30 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 = ( 8 ÷ 30 ) × 12  = 3%

What this means is that a Chief Product Officer in Greenland can expect to receive an average pay raise of around 3% 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%

Chief Product Officer 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 Chief Product Officer is a moderate bonus based job, with 61% of employees reporting at least one bonus in the last 12 months.

39% 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
61%
No Bonus
39%

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 Chief Product Officer

In the table below, we have salary information for jobs that are similar to a Chief Product Officer in Greenland.

Job Title Category Salary
Account Handler Marketing 263,100 DKK
Affiliate Manager Marketing 345,100 DKK
Analytics Specialist Marketing 251,500 DKK
Assistant Brand Manager Marketing 382,600 DKK
Assistant Product Manager Marketing 386,400 DKK
Associate Marketing Manager Marketing 430,000 DKK
Associate Product Manager Marketing 397,900 DKK
Brand Ambassador Marketing 510,000 DKK
Brand Director Marketing 590,200 DKK
Brand Executive Marketing 513,300 DKK
Brand Manager Marketing 548,800 DKK
Business Analytics Specialist Marketing 246,500 DKK
Business Channel Manager Marketing 366,200 DKK
Business Intelligence Team Leader Marketing 398,300 DKK
Campaign Specialist Marketing 327,300 DKK
Chief Marketing Officer Marketing 573,500 DKK
Communications Officer Marketing 172,400 DKK
Content Manager Marketing 288,100 DKK
Content Marketing Strategist Marketing 341,400 DKK
Copy Editer Marketing 216,800 DKK
Copy Writer Marketing 212,500 DKK
Creative Marketing Lead Marketing 341,900 DKK
Creative Writer Marketing 208,600 DKK
Digital Marketer Marketing 309,800 DKK
Digital Marketing Manager Marketing 447,300 DKK
Digital Marketing Strategist Marketing 417,100 DKK
Digital Media Specialist Marketing 378,300 DKK
Director of Marketing Marketing 607,400 DKK
Director of Research Marketing 442,300 DKK
eMarketing Manager Marketing 454,900 DKK
Event Marketing Marketing 419,400 DKK
Head of Executive Search Marketing 524,700 DKK
Key Affiliate Manager Marketing 411,400 DKK
Localization Manager Marketing 397,900 DKK
Market Development Executive Marketing 478,100 DKK
Market Development Manager Marketing 483,800 DKK
Market Research Analyst Marketing 389,200 DKK
Market Research Manager Marketing 417,200 DKK
Market Segmentation Director Marketing 417,100 DKK
Marketing Account Supervisor Marketing 353,600 DKK
Marketing Administrator Marketing 292,000 DKK
Marketing Advisor Marketing 348,300 DKK
Marketing Analyst Marketing 344,600 DKK
Marketing and Communications Officer Marketing 201,100 DKK
Marketing and Sales Head Marketing 566,900 DKK
Marketing Assistant Marketing 187,300 DKK
Marketing Associate Marketing 183,600 DKK
Marketing Communications Manager Marketing 375,200 DKK
Marketing Consultant Marketing 431,300 DKK
Marketing Coordinator Marketing 192,000 DKK
Marketing Director Marketing 605,700 DKK
Marketing Distribution Executive Marketing 471,700 DKK
Marketing Executive Marketing 460,500 DKK
Marketing Manager Marketing 566,900 DKK
Marketing Officer Marketing 185,100 DKK
Marketing Segment Manager Marketing 420,800 DKK
Marketing Specialist Marketing 271,300 DKK
Marketing Supervisor Marketing 341,900 DKK
Marketing Vice President Marketing 454,300 DKK
Marketing Writer Marketing 212,500 DKK
Online Marketing Analyst Marketing 327,800 DKK
Online Marketing Manager Marketing 401,300 DKK
Optimization Manager Marketing 369,300 DKK
Outbound Sales Marketing 263,100 DKK
Outreach Coordinator Marketing 246,200 DKK
Outreach Specialist Marketing 313,700 DKK
Product Development Marketing 420,800 DKK
Product Manager Marketing 447,700 DKK
Product Marketing Engineer Marketing 247,800 DKK
Product Marketing Executive Marketing 421,400 DKK
Product Marketing Manager Marketing 451,000 DKK
Product Researcher Marketing 233,600 DKK
Product Strategist Marketing 335,100 DKK
Product Strategy Researcher Marketing 312,400 DKK
Product Training Specialist Marketing 283,700 DKK
Project Manager Marketing 351,900 DKK
Publications Coordinator Marketing 195,200 DKK
Research Executive Marketing 394,800 DKK
Sales and Marketing Assistant Marketing 172,200 DKK
Sales and Marketing Coordinator Marketing 204,700 DKK
Sales and Marketing Director Marketing 574,200 DKK
Sales Director Marketing 562,600 DKK
Sales Management Support Marketing 204,700 DKK
Sales Manager Marketing 555,800 DKK
Search Marketing Strategist Marketing 492,700 DKK
Social Media Administrator Marketing 301,700 DKK
Social Media Specialist Marketing 314,500 DKK
Spaceman Analyst Marketing 172,200 DKK
Sponsorship Consultant Marketing 288,100 DKK
Team Leader Marketing 354,000 DKK
Telemarketer Marketing 172,200 DKK
Trade Marketing Executive Marketing 431,100 DKK
Trade Marketing Manager Marketing 454,300 DKK
Trade Marketing Professional Marketing 335,800 DKK
Trade Marketing Specialist Marketing 245,300 DKK
Web Analytics Manager Marketing 362,200 DKK
Web Content Manager Marketing 351,900 DKK

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