Average Pharmaceutical Process Engineer Salary in Faroe Islands for 2024

In this article, we will look at the average Pharmaceutical Process Engineer 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 Pharmaceutical Process Engineer Make in Faroe Islands?

A Pharmaceutical Process Engineer working in Faroe Islands will typically earn around 369,300 DKK per year, and this can range from the lowest average salary of about 172,200 DKK to the highest average salary of 589,400 DKK.

Average Annual Salary
369,300 DKK
Average Monthly Salary
30,775 DKK

Lowest Annual Salary
172,200 DKK
Lowest Monthly Salary
14,350 DKK

Highest Annual Salary
589,400 DKK
Highest Monthly Salary
49,116 DKK

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

Pharmaceutical Process Engineer 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 Pharmaceutical Process Engineer Salaries in Faroe Islands

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

Salary ranges

We already know that a Pharmaceutical Process Engineer can earn between 172,200 DKK and 589,400 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 Pharmaceutical Process Engineer in Faroe Islands is 399,900 DKK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 399,900 DKK, and 50% of the population earn more than 399,900 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 Pharmaceutical Process Engineer salary in Faroe Islands, 25% of the population are earning less than 258,400 DKK while 75% of the population earn more than 258,400 DKK.

75% of the population earn less than 533,000 DKK, and 25% of the population earn more than 533,000 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.

Pharmaceutical Process Engineer 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 pharmaceutical process engineer 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 Pharmaceutical Process Engineer in Faroe Islands that has less than two years of experience can expect to earn somewhere in the region of 191,600 DKK.
  • 2 - 5 Years Experience. With two to five years of experience the average Pharmaceutical Process Engineer salary would increase to 257,700 DKK.
  • 5 - 10 Years Experience. From five to ten years of experience as a Pharmaceutical Process Engineer, the average salary would be 383,300 DKK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 464,900 DKK.
  • 15 - 20 Years Experience. A Pharmaceutical Process Engineer with 15 to 20 years of experience can earn an average of 507,300 DKK.
  • 20+ Years Experience. For a Pharmaceutical Process Engineer with more than 20 years, the expected average salary increases to 547,800 DKK.

Average Salary by Experience Chart

0-2 Years
191,600 DKK
2-5 Years +34%
257,700 DKK
5-10 Years +48%
383,300 DKK
10-15 Years +22%
464,900 DKK
15-20 Years +9%
507,300 DKK
20+ Years +8%
547,800 DKK

Pharmaceutical Process Engineer 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 Pharmaceutical Process Engineer 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. A Pharmaceutical Process Engineer in Faroe Islands with a bachelor's degree education can earn an average salary of 225,700 DKK.

  • Master's Degree. A Pharmaceutical Process Engineer in Faroe Islands with a master's degree education can earn an average salary of 433,400 DKK.

Average Salary by Education Chart

Bachelor's Degree
225,700 DKK
Master's Degree +93%
433,400 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.

Pharmaceutical Process Engineer 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 pharmaceutical process engineer will earn an average of 403,100 DKK, while a female pharmaceutical process engineer will earn around 340,000 DKK.

This means that a male pharmaceutical process engineer earns approximately 19% more than a female pharmaceutical process engineer for performing the same job.

Average Salary by Gender Chart in Faroe Islands

Male
403,100 DKK
Female -19%
340,000 DKK

Pharmaceutical Process Engineer 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 Pharmaceutical Process Engineer in Faroe Islands is around 7% 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 = ( 7 ÷ 29 ) × 12  = 3%

What this means is that a Pharmaceutical Process Engineer 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%

Pharmaceutical Process Engineer 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 Pharmaceutical Process Engineer is a low bonus based job, with 42% of employees reporting at least one bonus in the last 12 months.

58% 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 2% to 7%.

Received Bonus
42%
No Bonus
58%

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 Pharmaceutical Process Engineer

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

Job Title Category Salary
Assistant Pharmacist Pharmaceutical and Biotechnology 275,500 DKK
Assistant Pharmacy Director Pharmaceutical and Biotechnology 492,400 DKK
Associate Medical Affairs Director Pharmaceutical and Biotechnology 694,700 DKK
Bioinformatics Scientist Pharmaceutical and Biotechnology 588,500 DKK
Bioinformatics Technician Pharmaceutical and Biotechnology 288,700 DKK
Biological Scientist Pharmaceutical and Biotechnology 658,300 DKK
Biological Technician Pharmaceutical and Biotechnology 273,000 DKK
Biomedical Engineer Pharmaceutical and Biotechnology 257,700 DKK
Biomedical Engineering Director Pharmaceutical and Biotechnology 537,300 DKK
Biostatistician Pharmaceutical and Biotechnology 420,800 DKK
Biotechnologist Pharmaceutical and Biotechnology 394,500 DKK
Biotechnology Lead Data Manager Pharmaceutical and Biotechnology 315,900 DKK
Chemical Process Technician Pharmaceutical and Biotechnology 294,700 DKK
Clinical Consultant Pharmaceutical and Biotechnology 413,900 DKK
Clinical Data Manager Pharmaceutical and Biotechnology 398,300 DKK
Clinical Data Specialist Pharmaceutical and Biotechnology 354,000 DKK
Clinical Informatics Specialist Pharmaceutical and Biotechnology 325,900 DKK
Clinical Operations Manager Pharmaceutical and Biotechnology 608,500 DKK
Clinical Pharmacist Pharmaceutical and Biotechnology 407,300 DKK
Clinical Pharmacy Specialist Pharmaceutical and Biotechnology 483,800 DKK
Clinical Programmer Pharmaceutical and Biotechnology 207,700 DKK
Clinical Project Manager Pharmaceutical and Biotechnology 354,000 DKK
Clinical Research Associate Pharmaceutical and Biotechnology 351,200 DKK
Clinical Research Manager Pharmaceutical and Biotechnology 573,500 DKK
Clinical Study Manager Pharmaceutical and Biotechnology 504,400 DKK
Compliance Specialist Pharmaceutical and Biotechnology 437,900 DKK
Cytology Laboratory Technologist Pharmaceutical and Biotechnology 325,600 DKK
Cytotechnologist Pharmaceutical and Biotechnology 313,700 DKK
GCP Auditor Pharmaceutical and Biotechnology 353,600 DKK
Hospital Pharmacy Technician Pharmaceutical and Biotechnology 307,400 DKK
Manufacturing Engineer Pharmaceutical and Biotechnology 341,900 DKK
Medical Affairs Director Pharmaceutical and Biotechnology 633,300 DKK
Medical Representative Pharmaceutical and Biotechnology 282,500 DKK
Medical Science Liaison Pharmaceutical and Biotechnology 466,900 DKK
Molecular and Cellular Biologist Pharmaceutical and Biotechnology 663,200 DKK
Nuclear Pharmacist Pharmaceutical and Biotechnology 409,000 DKK
Pharmaceutical Manager Pharmaceutical and Biotechnology 692,500 DKK
Pharmaceutical Manufacturing Lead Pharmaceutical and Biotechnology 718,000 DKK
Pharmaceutical Operations Excellence Manager Pharmaceutical and Biotechnology 680,100 DKK
Pharmaceutical Production Assistant Manager Pharmaceutical and Biotechnology 445,100 DKK
Pharmaceutical Project Manager Pharmaceutical and Biotechnology 424,900 DKK
Pharmaceutical Quality Auditor Pharmaceutical and Biotechnology 437,900 DKK
Pharmaceutical Regulatory Affairs Assistant Pharmaceutical and Biotechnology 345,700 DKK
Pharmaceutical Regulatory Affairs Manager Pharmaceutical and Biotechnology 460,500 DKK
Pharmaceutical Regulatory Affairs Specialist Pharmaceutical and Biotechnology 361,600 DKK
Pharmaceutical Representative Pharmaceutical and Biotechnology 273,300 DKK
Pharmaceutical Research Associate Pharmaceutical and Biotechnology 394,500 DKK
Pharmaceutical Research Scientist Pharmaceutical and Biotechnology 614,600 DKK
Pharmaceutical Researcher Pharmaceutical and Biotechnology 556,000 DKK
Pharmaceutical Sales and Marketing Manager Pharmaceutical and Biotechnology 467,700 DKK
Pharmaceutical Sales Manager Pharmaceutical and Biotechnology 610,100 DKK
Pharmaceutical Sales Representative Pharmaceutical and Biotechnology 275,500 DKK
Pharmaceutical Supply Chain Manager Pharmaceutical and Biotechnology 658,300 DKK
Pharmaceutical Team Leader Pharmaceutical and Biotechnology 459,300 DKK
Pharmaceutical Technologist Pharmaceutical and Biotechnology 297,000 DKK
Pharmacist Pharmaceutical and Biotechnology 378,800 DKK
Pharmacy Aide Pharmaceutical and Biotechnology 263,200 DKK
Pharmacy Manager Pharmaceutical and Biotechnology 575,100 DKK
Pharmacy Stock Controller Pharmaceutical and Biotechnology 239,300 DKK
Pharmacy Technician Pharmaceutical and Biotechnology 231,000 DKK
Records Management Coordinator Pharmaceutical and Biotechnology 209,500 DKK
Shift Encapsulator Pharmaceutical and Biotechnology 243,000 DKK
Staff Pharmacist Pharmaceutical and Biotechnology 394,800 DKK

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