Average Market Development Manager Salary in Faroe Islands for 2026

In this article, we will look at the average Market Development Manager salary for 2026 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 Market Development Manager Make in Faroe Islands?

A Market Development Manager working in Faroe Islands will typically earn around 431,100 DKK per year, and this can range from the lowest average salary of about 221,500 DKK to the highest average salary of 663,200 DKK.

Average Annual Salary431,100 DKK

Average Monthly Salary35,925 DKK

Average Lowest Salary221,500 DKK

Lowest Monthly Salary18,458 DKK

Average Highest Salary663,200 DKK

Highest Monthly Salary55,266 DKK

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

Market Development Manager 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 Market Development Manager Salaries in Faroe Islands

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

Salary ranges

We already know that a Market Development Manager can earn between 221,500 DKK and 663,200 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 Market Development Manager in Faroe Islands is 420,100 DKK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 420,100 DKK, and 50% of the population earn more than 420,100 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 Market Development Manager salary in Faroe Islands, 25% of the population are earning less than 286,400 DKK while 75% of the population earn more than 286,400 DKK.

75% of the population earn less than 529,600 DKK, and 25% of the population earn more than 529,600 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.

Market Development Manager 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 Market Development Manager 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 Market Development Manager in Faroe Islands that has less than two years of experience can expect to earn somewhere in the region of 246,200 DKK.
2 - 5 Years Experience. With two to five years of experience the average Market Development Manager salary would increase to 320,500 DKK.
5 - 10 Years Experience. From five to ten years of experience as a Market Development Manager, the average salary would be 451,000 DKK.
10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 538,600 DKK.
15 - 20 Years Experience. A Market Development Manager with 15 to 20 years of experience can earn an average of 588,500 DKK.
20+ Years Experience. For a Market Development Manager with more than 20 years, the expected average salary increases to 632,400 DKK.

Average Salary by Experience Chart

0-2 Years	-	246,200 DKK
2-5 Years	+31%	320,500 DKK
5-10 Years	+40%	451,000 DKK
10-15 Years	+20%	538,600 DKK
15-20 Years	+9%	588,500 DKK
20+ Years	+8%	632,400 DKK

Market Development Manager 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 Market Development Manager 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.

Certificate or Diploma. A Market Development Manager in Faroe Islands with a certificate or diploma education can earn an average salary of 281,500 DKK.
Bachelor's Degree. A Market Development Manager in Faroe Islands with a bachelor's degree education can earn an average salary of 420,800 DKK.
Master's Degree. A Market Development Manager in Faroe Islands with a master's degree education can earn an average salary of 626,800 DKK.

Average Salary by Education Chart

Certificate or Diploma	-	281,500 DKK
Bachelor's Degree	+50%	420,800 DKK
Master's Degree	+48%	626,800 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.

Market Development Manager 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 market development manager will earn an average of 466,300 DKK, while a female market development manager will earn around 398,300 DKK.

This means that a male market development manager earns approximately 17% more than a female market development manager for performing the same job.

Average Salary by Gender Chart in Faroe Islands

Male	-	466,300 DKK
Female	-17%	398,300 DKK

Market Development Manager 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 Market Development Manager in Faroe Islands is around 8% 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 = ( 8 ÷ 29 ) × 12  = 3%

What this means is that a Market Development Manager 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 2026

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%

Market Development Manager 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 Market Development Manager is a moderate bonus based job, with 62% of employees reporting at least one bonus in the last 12 months.

38% 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	-	62%
No Bonus	-	38%

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 Market Development Manager

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

Job Title	Category	Salary
Account Handler	Marketing	265,000 DKK
Affiliate Manager	Marketing	325,600 DKK
Analytics Specialist	Marketing	239,000 DKK
Assistant Brand Manager	Marketing	369,300 DKK
Assistant Product Manager	Marketing	394,800 DKK
Associate Marketing Manager	Marketing	390,000 DKK
Associate Product Manager	Marketing	414,000 DKK
Brand Ambassador	Marketing	489,500 DKK
Brand Director	Marketing	575,100 DKK
Brand Executive	Marketing	491,000 DKK
Brand Manager	Marketing	522,700 DKK
Business Analytics Specialist	Marketing	249,600 DKK
Business Channel Manager	Marketing	351,900 DKK
Business Intelligence Team Leader	Marketing	382,600 DKK
Campaign Specialist	Marketing	311,700 DKK
Chief Marketing Officer	Marketing	576,500 DKK
Chief Product Officer	Marketing	491,000 DKK
Communications Officer	Marketing	159,500 DKK
Content Manager	Marketing	288,100 DKK
Content Marketing Strategist	Marketing	351,900 DKK
Copy Editer	Marketing	200,000 DKK
Copy Writer	Marketing	215,100 DKK
Creative Marketing Lead	Marketing	353,600 DKK
Creative Writer	Marketing	212,500 DKK
Digital Marketer	Marketing	294,300 DKK
Digital Marketing Manager	Marketing	431,100 DKK
Digital Marketing Strategist	Marketing	417,200 DKK
Digital Media Specialist	Marketing	357,700 DKK
Director of Marketing	Marketing	553,800 DKK
Director of Research	Marketing	403,100 DKK
Event Marketing	Marketing	415,900 DKK
Head of Executive Search	Marketing	475,700 DKK
Key Affiliate Manager	Marketing	406,300 DKK
Localization Manager	Marketing	383,300 DKK
Market Development Executive	Marketing	433,400 DKK
Market Research Analyst	Marketing	377,200 DKK
Market Research Manager	Marketing	396,300 DKK
Market Segmentation Director	Marketing	411,400 DKK
Marketing Account Supervisor	Marketing	315,900 DKK
Marketing Administrator	Marketing	290,800 DKK
Marketing Advisor	Marketing	339,100 DKK
Marketing Analyst	Marketing	325,600 DKK
Marketing Assistant	Marketing	172,200 DKK
Marketing Associate	Marketing	172,200 DKK
Marketing Communications Manager	Marketing	378,800 DKK
Marketing Consultant	Marketing	420,100 DKK
Marketing Coordinator	Marketing	172,200 DKK
Marketing Director	Marketing	583,000 DKK
Marketing Distribution Executive	Marketing	431,100 DKK
Marketing Executive	Marketing	433,400 DKK
Marketing Manager	Marketing	573,500 DKK
Marketing Officer	Marketing	191,600 DKK
Marketing Segment Manager	Marketing	421,400 DKK
Marketing Specialist	Marketing	271,300 DKK
Marketing Supervisor	Marketing	339,100 DKK
Marketing Vice President	Marketing	437,900 DKK
Marketing Writer	Marketing	204,700 DKK
Marketing and Communications Officer	Marketing	194,600 DKK
Marketing and Sales Head	Marketing	538,600 DKK
Online Marketing Analyst	Marketing	297,000 DKK
Online Marketing Manager	Marketing	361,600 DKK
Optimization Manager	Marketing	369,900 DKK
Outbound Sales	Marketing	246,500 DKK
Outreach Coordinator	Marketing	245,300 DKK
Outreach Specialist	Marketing	308,300 DKK
Product Development	Marketing	376,800 DKK
Product Manager	Marketing	428,400 DKK
Product Marketing Engineer	Marketing	243,000 DKK
Product Marketing Executive	Marketing	404,600 DKK
Product Marketing Manager	Marketing	433,800 DKK
Product Researcher	Marketing	215,100 DKK
Product Strategist	Marketing	332,500 DKK
Product Strategy Researcher	Marketing	301,700 DKK
Product Training Specialist	Marketing	282,500 DKK
Project Manager	Marketing	335,800 DKK
Publications Coordinator	Marketing	197,600 DKK
Research Executive	Marketing	407,100 DKK
Sales Director	Marketing	504,300 DKK
Sales Management Support	Marketing	197,600 DKK
Sales Manager	Marketing	533,100 DKK
Sales and Marketing Assistant	Marketing	174,000 DKK
Sales and Marketing Coordinator	Marketing	185,100 DKK
Sales and Marketing Director	Marketing	543,200 DKK
Search Marketing Strategist	Marketing	451,000 DKK
Social Media Administrator	Marketing	308,300 DKK
Social Media Specialist	Marketing	296,000 DKK
Spaceman Analyst	Marketing	174,000 DKK
Sponsorship Consultant	Marketing	294,700 DKK
Team Leader	Marketing	313,700 DKK
Telemarketer	Marketing	161,300 DKK
Trade Marketing Executive	Marketing	417,200 DKK
Trade Marketing Manager	Marketing	420,100 DKK
Trade Marketing Professional	Marketing	348,300 DKK
Trade Marketing Specialist	Marketing	232,400 DKK
Web Analytics Manager	Marketing	340,400 DKK
Web Content Manager	Marketing	325,900 DKK
eMarketing Manager	Marketing	457,300 DKK

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