Average Director of Real Estate Salary in Faroe Islands for 2024

In this article, we will look at the average Director of Real Estate 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 Director of Real Estate Make in Faroe Islands?

A Director of Real Estate working in Faroe Islands will typically earn around 592,200 DKK per year, and this can range from the lowest average salary of about 282,500 DKK to the highest average salary of 931,900 DKK.

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

Director of Real Estate 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 Director of Real Estate Salaries in Faroe Islands

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

Salary ranges

We already know that a Director of Real Estate can earn between 282,500 DKK and 931,900 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 Director of Real Estate in Faroe Islands is 615,300 DKK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 615,300 DKK, and 50% of the population earn more than 615,300 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 Director of Real Estate salary in Faroe Islands, 25% of the population are earning less than 404,600 DKK while 75% of the population earn more than 404,600 DKK.

75% of the population earn less than 805,900 DKK, and 25% of the population earn more than 805,900 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.

Director of Real Estate 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 director of real estate 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 Director of Real Estate in Faroe Islands that has less than two years of experience can expect to earn somewhere in the region of 332,500 DKK.
• 2 - 5 Years Experience. With two to five years of experience the average Director of Real Estate salary would increase to 472,100 DKK.
• 5 - 10 Years Experience. From five to ten years of experience as a Director of Real Estate, the average salary would be 620,300 DKK.
• 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 761,400 DKK.
• 15 - 20 Years Experience. A Director of Real Estate with 15 to 20 years of experience can earn an average of 810,500 DKK.
• 20+ Years Experience. For a Director of Real Estate with more than 20 years, the expected average salary increases to 888,400 DKK.

Average Salary by Experience Chart

Director of Real Estate 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 Director of Real Estate 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. A Director of Real Estate in Faroe Islands with a high school education can earn an average salary of 413,900 DKK.

• Certificate or Diploma. A Director of Real Estate in Faroe Islands with a certificate or diploma education can earn an average salary of 478,000 DKK.

• Bachelor's Degree. A Director of Real Estate in Faroe Islands with a bachelor's degree education can earn an average salary of 699,700 DKK.

• Master's Degree. A Director of Real Estate in Faroe Islands with a master's degree education can earn an average salary of 860,300 DKK.

Average Salary by Education Chart

Director of Real Estate 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 director of real estate will earn an average of 626,800 DKK, while a female director of real estate will earn around 574,200 DKK.

This means that a male director of real estate earns approximately 9% more than a female director of real estate for performing the same job.

Average Salary by Gender Chart in Faroe Islands

Director of Real Estate 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 Director of Real Estate 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 a Director of Real Estate 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.

Director of Real Estate 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 Director of Real Estate is a low bonus based job, with 41% of employees reporting at least one bonus in the last 12 months.

59% 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%.

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.

Salaries for Jobs Similar to a Director of Real Estate

In the table below, we have salary information for jobs that are similar to a Director of Real Estate in Faroe Islands.

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