Average Government Affairs Advisor Salary in Faroe Islands for 2024

In this article, we will look at the average Government Affairs Advisor 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 Government Affairs Advisor Make in Faroe Islands?

A Government Affairs Advisor working in Faroe Islands will typically earn around 455,400 DKK per year, and this can range from the lowest average salary of about 208,600 DKK to the highest average salary of 724,300 DKK.

Average Annual Salary
455,400 DKK
Average Monthly Salary
37,950 DKK

Lowest Annual Salary
208,600 DKK
Lowest Monthly Salary
17,383 DKK

Highest Annual Salary
724,300 DKK
Highest Monthly Salary
60,358 DKK

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

Government Affairs Advisor 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 Government Affairs Advisor Salaries in Faroe Islands

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

Salary ranges

We already know that a Government Affairs Advisor can earn between 208,600 DKK and 724,300 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 Government Affairs Advisor in Faroe Islands is 491,000 DKK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 491,000 DKK, and 50% of the population earn more than 491,000 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 Government Affairs Advisor salary in Faroe Islands, 25% of the population are earning less than 313,700 DKK while 75% of the population earn more than 313,700 DKK.

75% of the population earn less than 658,300 DKK, and 25% of the population earn more than 658,300 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.

Government Affairs Advisor 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 government affairs advisor 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 Government Affairs Advisor in Faroe Islands that has less than two years of experience can expect to earn somewhere in the region of 239,000 DKK.
  • 2 - 5 Years Experience. With two to five years of experience the average Government Affairs Advisor salary would increase to 315,900 DKK.
  • 5 - 10 Years Experience. From five to ten years of experience as a Government Affairs Advisor, the average salary would be 467,700 DKK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 572,200 DKK.
  • 15 - 20 Years Experience. A Government Affairs Advisor with 15 to 20 years of experience can earn an average of 623,200 DKK.
  • 20+ Years Experience. For a Government Affairs Advisor with more than 20 years, the expected average salary increases to 675,100 DKK.

Average Salary by Experience Chart

0-2 Years
239,000 DKK
2-5 Years +34%
315,900 DKK
5-10 Years +48%
467,700 DKK
10-15 Years +22%
572,200 DKK
15-20 Years +9%
623,200 DKK
20+ Years +8%
675,100 DKK

Government Affairs Advisor 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 Government Affairs Advisor 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 Government Affairs Advisor in Faroe Islands with a high school education can earn an average salary of 214,000 DKK.

  • Certificate or Diploma. A Government Affairs Advisor in Faroe Islands with a certificate or diploma education can earn an average salary of 266,000 DKK.

  • Bachelor's Degree. A Government Affairs Advisor in Faroe Islands with a bachelor's degree education can earn an average salary of 367,200 DKK.

  • Master's Degree. A Government Affairs Advisor in Faroe Islands with a master's degree education can earn an average salary of 598,600 DKK.

  • PhD. A Government Affairs Advisor in Faroe Islands with a phd education can earn an average salary of 717,900 DKK.

Average Salary by Education Chart

High School
214,000 DKK
Certificate or Diploma +24%
266,000 DKK
Bachelor's Degree +39%
367,200 DKK
Master's Degree +63%
598,600 DKK
PhD +20%
717,900 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.

Government Affairs Advisor 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 government affairs advisor will earn an average of 492,700 DKK, while a female government affairs advisor will earn around 415,900 DKK.

This means that a male government affairs advisor earns approximately 18% more than a female government affairs advisor for performing the same job.

Average Salary by Gender Chart in Faroe Islands

Male
492,700 DKK
Female -18%
415,900 DKK

Government Affairs Advisor 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 Government Affairs Advisor in Faroe Islands is around 9% 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 = ( 9 ÷ 29 ) × 12  = 4%

What this means is that a Government Affairs Advisor in Faroe Islands can expect to receive an average pay raise of around 4% 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%

Government Affairs Advisor 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 Government Affairs Advisor is a low bonus based job, with 17% of employees reporting at least one bonus in the last 12 months.

83% 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
17%
No Bonus
83%

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 Government Affairs Advisor

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

Job Title Category Salary
Armed Forces Officer Government and Defence 267,100 DKK
Army Officer Government and Defence 271,300 DKK
Cartographer Government and Defence 204,700 DKK
Customs Officer Government and Defence 218,900 DKK
Defense Officer Government and Defence 332,100 DKK
Electoral Project Coordinator Government and Defence 396,300 DKK
Federal Government Worker Government and Defence 283,400 DKK
Government Affairs Director Government and Defence 528,500 DKK
Government Affairs Representative Government and Defence 466,900 DKK
Government Officer Government and Defence 401,300 DKK
Government Property Inspector Government and Defence 455,400 DKK
Government Relations Associate Government and Defence 450,300 DKK
International Cooperation Specialist Government and Defence 524,700 DKK
Military Personnel Government and Defence 351,900 DKK
Police Constable Government and Defence 233,600 DKK
Public Affairs Specialist Government and Defence 365,400 DKK
Public Information Officer Government and Defence 228,000 DKK
Rifleman Government and Defence 181,600 DKK
Soldier Government and Defence 228,500 DKK
VAT Fraud Investigator Government and Defence 305,600 DKK

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