Average Portfolio Manager Salary in Greenland for 2024

In this article, we will look at the average Portfolio Manager salary for 2024 in Greenland 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 krone. To keep things simple, we are using the DKK currency code instead of the currency symbol kr..

How Much Does a Portfolio Manager Make in Greenland?

A Portfolio Manager working in Greenland will typically earn around 629,800 DKK per year, and this can range from the lowest average salary of about 320,500 DKK to the highest average salary of 972,200 DKK.

Average Annual Salary
629,800 DKK
Average Monthly Salary
52,483 DKK

Lowest Annual Salary
320,500 DKK
Lowest Monthly Salary
26,708 DKK

Highest Annual Salary
972,200 DKK
Highest Monthly Salary
81,016 DKK

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

Portfolio 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 Portfolio Manager Salaries in Greenland

So we've looked at the average salaries a Portfolio Manager will earn in Greenland. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Portfolio Manager can earn between 320,500 DKK and 972,200 DKK on average in Greenland. 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 Portfolio Manager in Greenland is 618,800 DKK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 618,800 DKK, and 50% of the population earn more than 618,800 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 Portfolio Manager salary in Greenland, 25% of the population are earning less than 420,800 DKK while 75% of the population earn more than 420,800 DKK.

75% of the population earn less than 778,900 DKK, and 25% of the population earn more than 778,900 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.

Portfolio Manager Salary by Experience Level in Greenland

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 portfolio 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 Portfolio Manager in Greenland that has less than two years of experience can expect to earn somewhere in the region of 361,600 DKK.
  • 2 - 5 Years Experience. With two to five years of experience the average Portfolio Manager salary would increase to 471,700 DKK.
  • 5 - 10 Years Experience. From five to ten years of experience as a Portfolio Manager, the average salary would be 658,300 DKK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 790,600 DKK.
  • 15 - 20 Years Experience. A Portfolio Manager with 15 to 20 years of experience can earn an average of 861,300 DKK.
  • 20+ Years Experience. For a Portfolio Manager with more than 20 years, the expected average salary increases to 929,700 DKK.

Average Salary by Experience Chart

0-2 Years
361,600 DKK
2-5 Years +31%
471,700 DKK
5-10 Years +40%
658,300 DKK
10-15 Years +20%
790,600 DKK
15-20 Years +9%
861,300 DKK
20+ Years +8%
929,700 DKK

Portfolio Manager Salary by Education Level in Greenland

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 Portfolio Manager in Greenland 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 Portfolio Manager in Greenland with a high school education can earn an average salary of 430,500 DKK.

  • Certificate or Diploma. A Portfolio Manager in Greenland with a certificate or diploma education can earn an average salary of 498,500 DKK.

  • Bachelor's Degree. A Portfolio Manager in Greenland with a bachelor's degree education can earn an average salary of 699,700 DKK.

  • Master's Degree. A Portfolio Manager in Greenland with a master's degree education can earn an average salary of 899,200 DKK.

Average Salary by Education Chart

High School
430,500 DKK
Certificate or Diploma +15%
498,500 DKK
Bachelor's Degree +41%
699,700 DKK
Master's Degree +29%
899,200 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 Greenland is around 141,000 to 424,000 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.

Portfolio 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 Greenland, a male portfolio manager will earn an average of 681,900 DKK, while a female portfolio manager will earn around 583,000 DKK.

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

Average Salary by Gender Chart in Greenland

Male
681,900 DKK
Female -17%
583,000 DKK

Portfolio Manager Average Pay Raise in Greenland

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 Portfolio Manager in Greenland is around 8% every 31 months.

The national average pay raise across all professions and industries in Greenland 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 ÷ 31 ) × 12  = 3%

What this means is that a Portfolio Manager in Greenland can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Greenland for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Greenland.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Portfolio Manager Bonus and Incentive Rates in Greenland

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 Portfolio Manager is a moderate bonus based job, with 63% of employees reporting at least one bonus in the last 12 months.

37% 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
63%
No Bonus
37%

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 Greenland earn approximately 20% more than private sector employees in the same role.

Public Sector
372,600 DKK
Private Sector -20%
309,800 DKK

Salaries for Jobs Similar to a Portfolio Manager

In the table below, we have salary information for jobs that are similar to a Portfolio Manager in Greenland.

Job Title Category Salary
Acquisition Associate Real Estate 267,100 DKK
Assistant Leasing Manager Real Estate 363,000 DKK
Assistant Property Manager Real Estate 369,900 DKK
Brokerage Real Estate 268,900 DKK
Brokerage Clerk Real Estate 137,400 DKK
Commercial Leasing Manager Real Estate 548,800 DKK
Commercial Real Estate Manager Real Estate 568,500 DKK
Community Development Manager Real Estate 491,000 DKK
Compliance Specialist Real Estate 273,000 DKK
Development Coordinator Real Estate 273,300 DKK
Director of Real Estate Real Estate 581,000 DKK
Lease Administrator Real Estate 327,800 DKK
Leasing Agent Real Estate 292,000 DKK
Leasing Consultant Real Estate 332,100 DKK
Leasing Manager Real Estate 383,300 DKK
Lettings Assistant Real Estate 130,400 DKK
Portfolio Analyst Real Estate 467,100 DKK
Property Acquisition Agent Real Estate 246,200 DKK
Property and Claims Specialist Real Estate 330,900 DKK
Property Manager Real Estate 411,400 DKK
Property Operations Manager Real Estate 541,700 DKK
Property Tax Assistant Real Estate 266,000 DKK
Real Estate Administrator Real Estate 288,700 DKK
Real Estate Agent Real Estate 279,400 DKK
Real Estate Analyst Real Estate 341,900 DKK
Real Estate Appraiser Real Estate 286,400 DKK
Real Estate Appraiser Real Estate 288,700 DKK
Real Estate Appraiser Real Estate 299,500 DKK
Real Estate Assistant Real Estate 275,200 DKK
Real Estate Association Manager Real Estate 376,800 DKK
Real Estate Broker Real Estate 261,300 DKK
Real Estate General Manager Real Estate 576,500 DKK
Real Estate Project Director Real Estate 539,700 DKK
Real Estate Project Manager Real Estate 492,400 DKK
Real Estate Sales Agent Real Estate 281,500 DKK
Real Estate Valuer Real Estate 307,400 DKK
Research Analyst Real Estate 254,700 DKK
Residential Advisor Real Estate 317,700 DKK
Residential Property Manager Real Estate 404,600 DKK
Shopping Center Manager Real Estate 559,000 DKK
Town Planner Real Estate 575,100 DKK

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