Average Professor - Physics Salary in Faroe Islands for 2024

In this article, we will look at the average Professor - Physics 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 Professor - Physics Make in Faroe Islands?

A Professor - Physics working in Faroe Islands will typically earn around 533,100 DKK per year, and this can range from the lowest average salary of about 245,300 DKK to the highest average salary of 844,600 DKK.

Average Annual Salary
533,100 DKK
Average Monthly Salary
44,425 DKK

Lowest Annual Salary
245,300 DKK
Lowest Monthly Salary
20,441 DKK

Highest Annual Salary
844,600 DKK
Highest Monthly Salary
70,383 DKK

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

Professor - Physics 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 Professor - Physics Salaries in Faroe Islands

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

Salary ranges

We already know that a Professor - Physics can earn between 245,300 DKK and 844,600 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 Professor - Physics in Faroe Islands is 573,500 DKK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 573,500 DKK, and 50% of the population earn more than 573,500 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 Professor - Physics salary in Faroe Islands, 25% of the population are earning less than 367,200 DKK while 75% of the population earn more than 367,200 DKK.

75% of the population earn less than 767,000 DKK, and 25% of the population earn more than 767,000 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.

Professor - Physics 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 professor - physics 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 Professor - Physics in Faroe Islands that has less than two years of experience can expect to earn somewhere in the region of 275,500 DKK.
  • 2 - 5 Years Experience. With two to five years of experience the average Professor - Physics salary would increase to 369,300 DKK.
  • 5 - 10 Years Experience. From five to ten years of experience as a Professor - Physics, the average salary would be 548,800 DKK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 665,300 DKK.
  • 15 - 20 Years Experience. A Professor - Physics with 15 to 20 years of experience can earn an average of 725,700 DKK.
  • 20+ Years Experience. For a Professor - Physics with more than 20 years, the expected average salary increases to 788,000 DKK.

Average Salary by Experience Chart

0-2 Years
275,500 DKK
2-5 Years +34%
369,300 DKK
5-10 Years +48%
548,800 DKK
10-15 Years +22%
665,300 DKK
15-20 Years +9%
725,700 DKK
20+ Years +8%
788,000 DKK

Professor - Physics 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 Professor - Physics 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.

  • Master's Degree. A Professor - Physics in Faroe Islands with a master's degree education can earn an average salary of 322,600 DKK.

  • PhD. A Professor - Physics in Faroe Islands with a phd education can earn an average salary of 623,200 DKK.

Average Salary by Education Chart

Master's Degree
322,600 DKK
PhD +93%
623,200 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 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.

Professor - Physics 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 professor - physics will earn an average of 578,500 DKK, while a female professor - physics will earn around 485,300 DKK.

This means that a male professor - physics earns approximately 19% more than a female professor - physics for performing the same job.

Average Salary by Gender Chart in Faroe Islands

Male
578,500 DKK
Female -19%
485,300 DKK

Professor - Physics 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 Professor - Physics in Faroe Islands is around 7% every 31 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 ÷ 31 ) × 12  = 3%

What this means is that a Professor - Physics 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%

Professor - Physics 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 Professor - Physics is a low bonus based job, with 43% of employees reporting at least one bonus in the last 12 months.

57% 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
43%
No Bonus
57%

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 Professor - Physics

In the table below, we have salary information for jobs that are similar to a Professor - Physics in Faroe Islands.

Job Title Category Salary
Academic Advisor Teaching / Education 335,100 DKK
Academic Assistant Teaching / Education 246,500 DKK
Academic Coach Teaching / Education 320,500 DKK
Academic Librarian Teaching / Education 227,600 DKK
Academic Manager Teaching / Education 390,000 DKK
Academic Specialist Teaching / Education 286,400 DKK
Academic Staff Teaching / Education 239,300 DKK
Accompanist Teaching / Education 261,300 DKK
Achievement Coach Teaching / Education 340,400 DKK
Admissions Specialist Teaching / Education 275,500 DKK
Agricultural Sciences Teacher Teaching / Education 263,900 DKK
Anthropology Teacher Teaching / Education 275,800 DKK
Arabic Language Teacher Teaching / Education 254,700 DKK
Archeology Teacher Teaching / Education 275,800 DKK
Architecture Teacher Teaching / Education 292,000 DKK
Archivist Teaching / Education 214,000 DKK
Art Teacher Teaching / Education 231,000 DKK
Assistant School Principal Teaching / Education 339,100 DKK
Assistant Teacher Teaching / Education 225,300 DKK
Biochemistry Professor Teaching / Education 450,300 DKK
Biology Teacher Teaching / Education 254,800 DKK
Bursary Scheme Manager Teaching / Education 299,500 DKK
Business Teacher Teaching / Education 263,900 DKK
Careers Advisor Teaching / Education 335,100 DKK
Careers Consultant Teaching / Education 317,700 DKK
Chemistry Teacher Teaching / Education 263,100 DKK
Child Care Coordinator Teaching / Education 263,100 DKK
Child Care Worker Teaching / Education 207,800 DKK
Childcare Worker Teaching / Education 205,700 DKK
Classroom Assistant Teaching / Education 200,000 DKK
Clinical School Psychologist Teaching / Education 371,100 DKK
College Aide Teaching / Education 339,100 DKK
College and Career Readiness Specialist Teaching / Education 345,700 DKK
College Dean Teaching / Education 623,200 DKK
College President Teaching / Education 578,500 DKK
Communications Teacher Teaching / Education 268,900 DKK
Community Education Officer Teaching / Education 214,000 DKK
Computer Science Teacher Teaching / Education 239,000 DKK
Computer Teacher Teaching / Education 254,700 DKK
Creative Writing Trainer Teaching / Education 294,700 DKK
Credit Counselor Teaching / Education 305,600 DKK
Cultural Studies Teacher Teaching / Education 254,800 DKK
Curriculum Coordinator Teaching / Education 301,300 DKK
Curriculum Developer Teaching / Education 330,700 DKK
Curriculum Specialist Teaching / Education 327,300 DKK
Dean of Faculty Teaching / Education 574,200 DKK
Demonstrator Teaching / Education 239,000 DKK
Deputy Controller of Examinations Teaching / Education 308,900 DKK
Director of Learning Technology Teaching / Education 335,800 DKK
Distance Learning Coordinator Teaching / Education 292,000 DKK
Economics Lecturer Teaching / Education 447,700 DKK
Economics Teacher Teaching / Education 254,700 DKK
Education Administrator Teaching / Education 296,000 DKK
Education Assistant Teaching / Education 239,000 DKK
Education Assistant Director Teaching / Education 349,300 DKK
Education Assistant Librarian Teaching / Education 204,700 DKK
Education Assistant Principal Teaching / Education 275,800 DKK
Education Assistant Professor Teaching / Education 367,900 DKK
Education Associate Teaching / Education 259,100 DKK
Education Consultant Teaching / Education 340,400 DKK
Education Consultant Teaching / Education 375,200 DKK
Education Coordinator Teaching / Education 281,500 DKK
Education Counselor Teaching / Education 301,800 DKK
Education Director Teaching / Education 442,200 DKK
Education Program Specialist Teaching / Education 327,300 DKK
Education Researcher Teaching / Education 361,600 DKK
Education Resource Specialist Teaching / Education 294,300 DKK
Education Services Facilitator Teaching / Education 301,600 DKK
Educational Psychologist Teaching / Education 394,500 DKK
EFL Teacher Teaching / Education 273,300 DKK
eLearning Trainer Teaching / Education 240,500 DKK
Elementary School Teacher Teaching / Education 214,000 DKK
Engineering Lecturer Teaching / Education 419,400 DKK
Engineering Teacher Teaching / Education 376,800 DKK
English Teacher Teaching / Education 253,400 DKK
ESL Teacher Teaching / Education 254,700 DKK
Faculty Assistant Teaching / Education 325,800 DKK
Foreign Language Teacher Teaching / Education 246,500 DKK
GED Teacher Teaching / Education 225,700 DKK
Geography Teacher Teaching / Education 246,500 DKK
Head of Mathematics Department Teaching / Education 349,300 DKK
Head of School Teaching / Education 414,000 DKK
High School Teacher Teaching / Education 297,000 DKK
History Teacher Teaching / Education 273,000 DKK
Infant Teacher Teaching / Education 191,600 DKK
Instructional Assistant Teaching / Education 275,800 DKK
Instructor Teaching / Education 283,700 DKK
Kindergarten Teacher Teaching / Education 204,000 DKK
Language Instructor For Expatriate Teaching / Education 215,100 DKK
Law Teacher Teaching / Education 376,800 DKK
Learning Designer Teaching / Education 315,900 DKK
Lecturer Teaching / Education 462,300 DKK
Librarian Teaching / Education 215,100 DKK
Library Assistant Teaching / Education 180,500 DKK
Library Director Teaching / Education 297,000 DKK
Library Specialist Teaching / Education 225,300 DKK
Library Technician Teaching / Education 191,600 DKK
Life Sciences Teacher Teaching / Education 247,800 DKK
Math Lecturer Teaching / Education 491,000 DKK
Math Teacher Teaching / Education 292,000 DKK
Mathematics Teacher Teaching / Education 282,500 DKK
Mentor Teaching / Education 288,700 DKK
Middle School Teacher Teaching / Education 261,300 DKK
Music Teacher Teaching / Education 245,300 DKK
Nursery Manager Teaching / Education 369,900 DKK
Nursery Worker Teaching / Education 163,800 DKK
Paraprofessional Teaching / Education 352,000 DKK
Physical Education Specialist Teaching / Education 275,800 DKK
Physical Education Teacher Teaching / Education 228,000 DKK
Physics Teacher Teaching / Education 263,200 DKK
Political Science Teacher Teaching / Education 261,300 DKK
Post Doctoral Researcher Teaching / Education 431,100 DKK
Preschool Education Administrator Teaching / Education 288,700 DKK
Preschool Teacher Teaching / Education 208,600 DKK
Primary School Teacher Teaching / Education 221,500 DKK
Principal Teaching / Education 359,900 DKK
Product Specialist Teaching / Education 283,700 DKK
Professor - Accounting Teaching / Education 457,300 DKK
Professor - Architecture Teaching / Education 499,300 DKK
Professor - Biology Teaching / Education 467,100 DKK
Professor - Business Administration Teaching / Education 445,100 DKK
Professor - Chemical Engineering Teaching / Education 472,100 DKK
Professor - Chemistry Teaching / Education 499,300 DKK
Professor - Civil Engineering Teaching / Education 447,700 DKK
Professor - Communication Teaching / Education 430,500 DKK
Professor - Computer Science Teaching / Education 489,600 DKK
Professor - Dentistry Teaching / Education 492,700 DKK
Professor - Drama Teaching / Education 442,300 DKK
Professor - Economics Teaching / Education 464,400 DKK
Professor - Education Teaching / Education 489,500 DKK
Professor - Electrical Engineering Teaching / Education 492,700 DKK
Professor - English Teaching / Education 433,800 DKK
Professor - Environmental Engineering Teaching / Education 498,000 DKK
Professor - Foreign Languages Teaching / Education 451,000 DKK
Professor - Geological Sciences Teaching / Education 453,200 DKK
Professor - History Teaching / Education 442,300 DKK
Professor - Industrial Engineering Teaching / Education 472,100 DKK
Professor - Law Teaching / Education 498,500 DKK
Professor - Legal Support Teaching / Education 431,100 DKK
Professor - Liberal Arts Teaching / Education 480,300 DKK
Professor - Marketing Teaching / Education 460,500 DKK
Professor - Mathematics Teaching / Education 510,200 DKK
Professor - Mechanical Engineering Teaching / Education 485,300 DKK
Professor - Medical Administration Teaching / Education 475,700 DKK
Professor - Medicine Teaching / Education 573,500 DKK
Professor - Music Teaching / Education 425,100 DKK
Professor - Nursing Teaching / Education 424,900 DKK
Professor - Pharmaceutical Sciences Teaching / Education 480,600 DKK
Professor - Philosophy Teaching / Education 471,700 DKK
Professor - Physical Therapy Teaching / Education 480,600 DKK
Professor - Psychology Teaching / Education 467,700 DKK
Professor - Rehabilitation Teaching / Education 424,900 DKK
Professor - Social Work Teaching / Education 406,300 DKK
Professor - Sociology Teaching / Education 475,700 DKK
Professor - Special Education Teaching / Education 467,700 DKK
Psychology Teacher Teaching / Education 377,200 DKK
Public Management Assistant Professor Teaching / Education 407,100 DKK
School Counselor Teaching / Education 357,700 DKK
Science Educator Teaching / Education 259,100 DKK
Science Laboratory Assistant Teaching / Education 238,900 DKK
Science Teacher Teaching / Education 259,100 DKK
Secondary Mathematics Teacher Teaching / Education 271,300 DKK
Secondary School Teacher Teaching / Education 254,700 DKK
Special Education Teacher Teaching / Education 277,400 DKK
Special Needs Assistant Teaching / Education 231,000 DKK
Statistics Lecturer Teaching / Education 437,900 DKK
Student Accounts Coordinator Teaching / Education 261,300 DKK
Student Development Specialist Teaching / Education 311,700 DKK
Student Employment Specialist Teaching / Education 286,400 DKK
Student Services Teaching / Education 239,300 DKK
Student Services Coordinator Teaching / Education 239,000 DKK
Student Support Manager Teaching / Education 308,900 DKK
Substitute Teacher Teaching / Education 208,600 DKK
Teacher Teaching / Education 225,700 DKK
Teacher Aide Teaching / Education 204,700 DKK
Teacher Trainer Teaching / Education 315,700 DKK
Teaching Assistant Teaching / Education 197,600 DKK
TEFL Teacher Teaching / Education 272,800 DKK
Training and Development Specialist Teaching / Education 327,300 DKK
Training Coordinator Teaching / Education 221,500 DKK
Tutor Teaching / Education 261,300 DKK
University Teacher Teaching / Education 450,300 DKK
Vocational Education Teacher Teaching / Education 246,200 DKK

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