Average Fire Chief Salary in Faroe Islands for 2024

In this article, we will look at the average Fire Chief 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 Fire Chief Make in Faroe Islands?

A Fire Chief working in Faroe Islands will typically earn around 357,700 DKK per year, and this can range from the lowest average salary of about 180,300 DKK to the highest average salary of 553,400 DKK.

Average Annual Salary
357,700 DKK
Average Monthly Salary
29,808 DKK

Lowest Annual Salary
180,300 DKK
Lowest Monthly Salary
15,025 DKK

Highest Annual Salary
553,400 DKK
Highest Monthly Salary
46,116 DKK

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

Fire Chief 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 Fire Chief Salaries in Faroe Islands

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

Salary ranges

We already know that a Fire Chief can earn between 180,300 DKK and 553,400 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 Fire Chief in Faroe Islands is 357,700 DKK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 357,700 DKK, and 50% of the population earn more than 357,700 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 Fire Chief salary in Faroe Islands, 25% of the population are earning less than 239,300 DKK while 75% of the population earn more than 239,300 DKK.

75% of the population earn less than 454,900 DKK, and 25% of the population earn more than 454,900 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.

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.

Fire Chief 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 fire chief 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 Fire Chief in Faroe Islands that has less than two years of experience can expect to earn somewhere in the region of 214,000 DKK.
  • 2 - 5 Years Experience. With two to five years of experience the average Fire Chief salary would increase to 282,500 DKK.
  • 5 - 10 Years Experience. From five to ten years of experience as a Fire Chief, the average salary would be 378,800 DKK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 453,200 DKK.
  • 15 - 20 Years Experience. A Fire Chief with 15 to 20 years of experience can earn an average of 489,600 DKK.
  • 20+ Years Experience. For a Fire Chief with more than 20 years, the expected average salary increases to 524,700 DKK.

Average Salary by Experience Chart

0-2 Years
214,000 DKK
2-5 Years +32%
282,500 DKK
5-10 Years +34%
378,800 DKK
10-15 Years +19%
453,200 DKK
15-20 Years +8%
489,600 DKK
20+ Years +7%
524,700 DKK

Fire Chief 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 Fire Chief 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 Fire Chief in Faroe Islands with a high school education can earn an average salary of 282,500 DKK.

  • Certificate or Diploma. A Fire Chief in Faroe Islands with a certificate or diploma education can earn an average salary of 394,500 DKK.

  • Bachelor's Degree. A Fire Chief in Faroe Islands with a bachelor's degree education can earn an average salary of 492,700 DKK.

Average Salary by Education Chart

High School
282,500 DKK
Certificate or Diploma +40%
394,500 DKK
Bachelor's Degree +25%
492,700 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.

Fire Chief 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 fire chief will earn an average of 367,900 DKK, while a female fire chief will earn around 344,600 DKK.

This means that a male fire chief earns approximately 7% more than a female fire chief for performing the same job.

Average Salary by Gender Chart in Faroe Islands

Male
367,900 DKK
Female -7%
344,600 DKK

Fire Chief 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 Fire Chief in Faroe Islands is around 5% every 32 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 = ( 5 ÷ 32 ) × 12  = 2%

What this means is that a Fire Chief in Faroe Islands can expect to receive an average pay raise of around 2% 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%

Fire Chief 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 Fire Chief is a low bonus based job, with 12% of employees reporting at least one bonus in the last 12 months.

88% 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 3%.

Received Bonus
12%
No Bonus
88%

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 Fire Chief

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

Job Title Category Salary
Accreditation Coordinator Law Enforcement / Security / Fire 273,300 DKK
Accreditation Manager Law Enforcement / Security / Fire 372,600 DKK
Advocate Law Enforcement / Security / Fire 243,000 DKK
Armed Security Officer Law Enforcement / Security / Fire 221,500 DKK
Company Guard Law Enforcement / Security / Fire 115,260 DKK
Control Room Operator Law Enforcement / Security / Fire 96,340 DKK
Correctional Officer Law Enforcement / Security / Fire 183,600 DKK
Criminal Investigator Law Enforcement / Security / Fire 361,500 DKK
Facility Monitor Law Enforcement / Security / Fire 183,600 DKK
Fire Dispatcher Law Enforcement / Security / Fire 172,200 DKK
Fire Education Specialist Law Enforcement / Security / Fire 282,500 DKK
Fire Extinguisher Technician Law Enforcement / Security / Fire 107,580 DKK
Fire Fighter Law Enforcement / Security / Fire 176,800 DKK
Fire Inspector Law Enforcement / Security / Fire 309,800 DKK
Fire Investigator Law Enforcement / Security / Fire 330,900 DKK
Fire Prevention Engineer Law Enforcement / Security / Fire 267,100 DKK
Fire Prevention Officer Law Enforcement / Security / Fire 245,300 DKK
Fire Protection Specialist Law Enforcement / Security / Fire 282,500 DKK
Forensic Investigator Law Enforcement / Security / Fire 312,400 DKK
Forensic Science Technician Law Enforcement / Security / Fire 314,500 DKK
Fraud and Forensic Specialist Law Enforcement / Security / Fire 353,600 DKK
Fraud Examiner Law Enforcement / Security / Fire 353,600 DKK
Grants Specialist Law Enforcement / Security / Fire 384,500 DKK
Intellectual Property Associate Law Enforcement / Security / Fire 301,700 DKK
Intelligence Research Specialist Law Enforcement / Security / Fire 489,500 DKK
Investigator Law Enforcement / Security / Fire 332,100 DKK
Jail Officer Law Enforcement / Security / Fire 139,100 DKK
Juvenile Probation Officer Law Enforcement / Security / Fire 238,900 DKK
Juvenile Supervision Officer Law Enforcement / Security / Fire 232,900 DKK
Lock-Smith Law Enforcement / Security / Fire 98,000 DKK
Parole Officer Law Enforcement / Security / Fire 172,200 DKK
Police Captain Law Enforcement / Security / Fire 394,300 DKK
Police Communications Officer Law Enforcement / Security / Fire 225,300 DKK
Police Officer Law Enforcement / Security / Fire 191,600 DKK
Police Patrol Officer Law Enforcement / Security / Fire 169,000 DKK
Prison Officer Law Enforcement / Security / Fire 137,400 DKK
Prisoner Custody Officer Law Enforcement / Security / Fire 125,700 DKK
Private Detective / Investigator Law Enforcement / Security / Fire 339,100 DKK
Security Adviser Law Enforcement / Security / Fire 341,900 DKK
Security Guard Law Enforcement / Security / Fire 96,980 DKK
Security Management Specialist Law Enforcement / Security / Fire 478,000 DKK
Security Manager Law Enforcement / Security / Fire 464,400 DKK
Security Officer Law Enforcement / Security / Fire 105,300 DKK
Security Supervisor Law Enforcement / Security / Fire 257,700 DKK
Security Systems Installer Law Enforcement / Security / Fire 253,400 DKK
Security Technician Law Enforcement / Security / Fire 112,620 DKK
Surveillance Operator Law Enforcement / Security / Fire 136,200 DKK
Traffic Controller Law Enforcement / Security / Fire 187,300 DKK

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