Average Instructor Salary in Faroe Islands for 2024

In this article, we will look at the average Instructor 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 an Instructor Make in Faroe Islands?

An Instructor working in Faroe Islands will typically earn around 227,600 DKK per year, and this can range from the lowest average salary of about 118,200 DKK to the highest average salary of 348,300 DKK.

Average Annual Salary
227,600 DKK
Average Monthly Salary
18,966 DKK

Lowest Annual Salary
118,200 DKK
Lowest Monthly Salary
9,850 DKK

Highest Annual Salary
348,300 DKK
Highest Monthly Salary
29,025 DKK

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

Instructor 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 Instructor Salaries in Faroe Islands

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

Salary ranges

We already know that an Instructor can earn between 118,200 DKK and 348,300 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 an Instructor in Faroe Islands is 221,500 DKK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 221,500 DKK, and 50% of the population earn more than 221,500 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 Instructor salary in Faroe Islands, 25% of the population are earning less than 152,000 DKK while 75% of the population earn more than 152,000 DKK.

75% of the population earn less than 273,300 DKK, and 25% of the population earn more than 273,300 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.

Instructor 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 instructor 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. An Instructor in Faroe Islands that has less than two years of experience can expect to earn somewhere in the region of 136,100 DKK.
  • 2 - 5 Years Experience. With two to five years of experience the average Instructor salary would increase to 181,600 DKK.
  • 5 - 10 Years Experience. From five to ten years of experience as an Instructor, the average salary would be 233,900 DKK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 282,500 DKK.
  • 15 - 20 Years Experience. An Instructor with 15 to 20 years of experience can earn an average of 312,400 DKK.
  • 20+ Years Experience. For an Instructor with more than 20 years, the expected average salary increases to 327,800 DKK.

Average Salary by Experience Chart

0-2 Years
136,100 DKK
2-5 Years +34%
181,600 DKK
5-10 Years +30%
233,900 DKK
10-15 Years +21%
282,500 DKK
15-20 Years +9%
312,400 DKK
20+ Years +5%
327,800 DKK

Instructor 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 an Instructor 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. An Instructor in Faroe Islands with a bachelor's degree education can earn an average salary of 192,000 DKK.

  • Master's Degree. An Instructor in Faroe Islands with a master's degree education can earn an average salary of 263,900 DKK.

Average Salary by Education Chart

Bachelor's Degree
192,000 DKK
Master's Degree +39%
263,900 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.

Instructor 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 instructor will earn an average of 243,000 DKK, while a female instructor will earn around 217,900 DKK.

This means that a male instructor earns approximately 12% more than a female instructor for performing the same job.

Average Salary by Gender Chart in Faroe Islands

Male
243,000 DKK
Female -12%
217,900 DKK

Instructor 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 an Instructor in Faroe Islands is around 7% every 28 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 ÷ 28 ) × 12  = 3%

What this means is that an Instructor 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%

Instructor 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.

An Instructor is a low bonus based job, with 10% of employees reporting at least one bonus in the last 12 months.

90% 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 1% to 3%.

Received Bonus
10%
No Bonus
90%

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 an Instructor

In the table below, we have salary information for jobs that are similar to an Instructor in Faroe Islands.

Job Title Category Salary
Assistant Yard Manager Oil / Gas / Energy / Mining 263,900 DKK
Associate Analyst Oil / Gas / Energy / Mining 314,500 DKK
Associate Landman Oil / Gas / Energy / Mining 130,400 DKK
Auxiliary Equipment Operator Oil / Gas / Energy / Mining 112,560 DKK
Biomass Plant Technician Oil / Gas / Energy / Mining 148,300 DKK
Biomass Power Plant Manager Oil / Gas / Energy / Mining 411,400 DKK
Chemical Plant Operator Oil / Gas / Energy / Mining 233,900 DKK
Chief Contract Compliance Engineer Oil / Gas / Energy / Mining 283,700 DKK
Completions Engineer Oil / Gas / Energy / Mining 277,400 DKK
Cost Controller Oil / Gas / Energy / Mining 201,100 DKK
Cost Engineer Oil / Gas / Energy / Mining 292,000 DKK
Crude Oil Marketing Representative Oil / Gas / Energy / Mining 301,300 DKK
Dispatcher Oil / Gas / Energy / Mining 119,900 DKK
Distribution Manager Oil / Gas / Energy / Mining 394,500 DKK
Dragline Operator Oil / Gas / Energy / Mining 128,900 DKK
Driller Offsider Oil / Gas / Energy / Mining 97,460 DKK
Dump Truck Driver Oil / Gas / Energy / Mining 109,740 DKK
Electric and Gas Operations Manager Oil / Gas / Energy / Mining 631,200 DKK
Energy Advisor Oil / Gas / Energy / Mining 442,200 DKK
Energy Analyst Oil / Gas / Energy / Mining 412,000 DKK
Energy Auditor Oil / Gas / Energy / Mining 351,200 DKK
Energy Dispatch Director Oil / Gas / Energy / Mining 510,200 DKK
Energy Technical Assistant Oil / Gas / Energy / Mining 180,300 DKK
Energy Technical Manager Oil / Gas / Energy / Mining 335,800 DKK
Energy Technical Support Manager Oil / Gas / Energy / Mining 335,100 DKK
Energy Technical Trainer Oil / Gas / Energy / Mining 254,700 DKK
Engineering Geologist Oil / Gas / Energy / Mining 507,300 DKK
Exploration Manager Oil / Gas / Energy / Mining 504,400 DKK
Field Safety Auditor Oil / Gas / Energy / Mining 315,700 DKK
Fluids Engineer Oil / Gas / Energy / Mining 275,800 DKK
Fuel Cell Engineer Oil / Gas / Energy / Mining 312,400 DKK
Fuel Cell Technician Oil / Gas / Energy / Mining 142,300 DKK
Fuels Handler Oil / Gas / Energy / Mining 128,900 DKK
Gas Compressor Operator Oil / Gas / Energy / Mining 129,000 DKK
Gas Distribution Plant Operator Oil / Gas / Energy / Mining 232,900 DKK
Gas Supply Manager Oil / Gas / Energy / Mining 454,900 DKK
Geologist Oil / Gas / Energy / Mining 524,300 DKK
Geophysicist Oil / Gas / Energy / Mining 510,200 DKK
Geothermal Production Manager Oil / Gas / Energy / Mining 510,200 DKK
Geothermal Technician Oil / Gas / Energy / Mining 205,700 DKK
HSE Engineer Oil / Gas / Energy / Mining 292,000 DKK
HSE Officer Oil / Gas / Energy / Mining 172,400 DKK
HSE Supervisor Oil / Gas / Energy / Mining 209,700 DKK
HSEQ Administrator Oil / Gas / Energy / Mining 194,600 DKK
Inspector Oil / Gas / Energy / Mining 259,100 DKK
Instrument Designer Oil / Gas / Energy / Mining 218,900 DKK
Lead Technical Field Advisor Oil / Gas / Energy / Mining 376,800 DKK
Logistics and Tool Coordinator Oil / Gas / Energy / Mining 238,900 DKK
Maintenance Engineer Oil / Gas / Energy / Mining 281,500 DKK
Maintenance Superintendent Oil / Gas / Energy / Mining 263,200 DKK
Material Controller Oil / Gas / Energy / Mining 194,600 DKK
Mine Engineer Oil / Gas / Energy / Mining 273,000 DKK
Mine Surveyor Oil / Gas / Energy / Mining 317,700 DKK
Mining Project Administrator Oil / Gas / Energy / Mining 243,000 DKK
Mining Project Assistant Oil / Gas / Energy / Mining 195,200 DKK
Mining Project Controls Consultant Oil / Gas / Energy / Mining 332,100 DKK
Mining Project Coordinator Oil / Gas / Energy / Mining 246,200 DKK
Mining Project Engineer Oil / Gas / Energy / Mining 265,000 DKK
Mining Project Manager Oil / Gas / Energy / Mining 354,000 DKK
Mining Site Manager Oil / Gas / Energy / Mining 385,300 DKK
Mining Team Leader Oil / Gas / Energy / Mining 317,700 DKK
NDT Technician Oil / Gas / Energy / Mining 180,300 DKK
Oil Service Unit Operator Oil / Gas / Energy / Mining 157,600 DKK
Oil Trader Oil / Gas / Energy / Mining 361,600 DKK
Oilwell Pumper Oil / Gas / Energy / Mining 101,960 DKK
Petroleum Engineer Oil / Gas / Energy / Mining 330,700 DKK
Petroleum Geologist Oil / Gas / Energy / Mining 533,100 DKK
Petroleum Pump System Operator Oil / Gas / Energy / Mining 159,500 DKK
Petroleum Technician Oil / Gas / Energy / Mining 172,400 DKK
Pipeline Technician Oil / Gas / Energy / Mining 111,900 DKK
Power Coordinator Oil / Gas / Energy / Mining 176,800 DKK
Power Plant Operations Manager Oil / Gas / Energy / Mining 548,800 DKK
Power Plant Operator Oil / Gas / Energy / Mining 228,000 DKK
Radio Operator Oil / Gas / Energy / Mining 125,700 DKK
Reliability Engineer Oil / Gas / Energy / Mining 281,500 DKK
Reservoir Engineer Oil / Gas / Energy / Mining 259,100 DKK
Risk Analyst Oil / Gas / Energy / Mining 339,100 DKK
Roughneck Oil / Gas / Energy / Mining 307,400 DKK
Scaffolder Oil / Gas / Energy / Mining 192,600 DKK
Shutdown Engineer Oil / Gas / Energy / Mining 231,000 DKK
Solar Energy Installation Manager Oil / Gas / Energy / Mining 426,700 DKK
Solar Energy Systems Engineer Oil / Gas / Energy / Mining 294,700 DKK
Solar Photovoltaic Installer Oil / Gas / Energy / Mining 180,500 DKK
Solar Thermal Technician Oil / Gas / Energy / Mining 183,700 DKK
Supply Operations Manager Oil / Gas / Energy / Mining 472,100 DKK
Sustainability Specialist Oil / Gas / Energy / Mining 467,700 DKK
System Development Advisor Oil / Gas / Energy / Mining 314,500 DKK
Tanker Truck Driver Oil / Gas / Energy / Mining 110,340 DKK
Utility Operator Oil / Gas / Energy / Mining 158,700 DKK
Wind Energy Project Manager Oil / Gas / Energy / Mining 407,100 DKK

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