Average Relationship Manager Salary in Denmark for 2024

In this article, we will look at the average Relationship Manager salary for 2024 in Denmark 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 Relationship Manager Make in Denmark?

A Relationship Manager working in Denmark will typically earn around 735,200 DKK per year, and this can range from the lowest average salary of about 388,100 DKK to the highest average salary of 1,120,700 DKK.

Average Annual Salary
735,200 DKK
Average Monthly Salary
61,266 DKK

Lowest Annual Salary
388,100 DKK
Lowest Monthly Salary
32,341 DKK

Highest Annual Salary
1,120,700 DKK
Highest Monthly Salary
93,391 DKK

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

Relationship 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 Relationship Manager Salaries in Denmark

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

Salary ranges

We already know that a Relationship Manager can earn between 388,100 DKK and 1,120,700 DKK on average in Denmark. 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 Relationship Manager in Denmark is 693,100 DKK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 693,100 DKK, and 50% of the population earn more than 693,100 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 Relationship Manager salary in Denmark, 25% of the population are earning less than 487,600 DKK while 75% of the population earn more than 487,600 DKK.

75% of the population earn less than 852,900 DKK, and 25% of the population earn more than 852,900 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.

Relationship Manager Salary by Experience Level in Denmark

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 relationship 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 Relationship Manager in Denmark that has less than two years of experience can expect to earn somewhere in the region of 447,700 DKK.
  • 2 - 5 Years Experience. With two to five years of experience the average Relationship Manager salary would increase to 551,200 DKK.
  • 5 - 10 Years Experience. From five to ten years of experience as a Relationship Manager, the average salary would be 780,600 DKK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 913,400 DKK.
  • 15 - 20 Years Experience. A Relationship Manager with 15 to 20 years of experience can earn an average of 1,004,400 DKK.
  • 20+ Years Experience. For a Relationship Manager with more than 20 years, the expected average salary increases to 1,062,500 DKK.

Average Salary by Experience Chart

0-2 Years
447,700 DKK
2-5 Years +23%
551,200 DKK
5-10 Years +42%
780,600 DKK
10-15 Years +17%
913,400 DKK
15-20 Years +10%
1,004,400 DKK
20+ Years +6%
1,062,500 DKK

Relationship Manager Salary by Education Level in Denmark

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 Relationship Manager in Denmark 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 Relationship Manager in Denmark with a high school education can earn an average salary of 544,800 DKK.

  • Certificate or Diploma. A Relationship Manager in Denmark with a certificate or diploma education can earn an average salary of 615,300 DKK.

  • Bachelor's Degree. A Relationship Manager in Denmark with a bachelor's degree education can earn an average salary of 807,900 DKK.

  • Master's Degree. A Relationship Manager in Denmark with a master's degree education can earn an average salary of 1,062,500 DKK.

Average Salary by Education Chart

High School
544,800 DKK
Certificate or Diploma +13%
615,300 DKK
Bachelor's Degree +31%
807,900 DKK
Master's Degree +32%
1,062,500 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 Denmark is around 203,000 to 610,000 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.

Relationship 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 Denmark, a male relationship manager will earn an average of 751,700 DKK, while a female relationship manager will earn around 721,600 DKK.

This means that a male relationship manager earns approximately 4% more than a female relationship manager for performing the same job.

Average Salary by Gender Chart in Denmark

Male
751,700 DKK
Female -4%
721,600 DKK

Relationship Manager Average Pay Raise in Denmark

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 Relationship Manager in Denmark is around 14% every 14 months.

The national average pay raise across all professions and industries in Denmark is around 9% every 15 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 = ( 14 ÷ 14 ) × 12  = 12%

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

Annual Pay Raise by Industry in Denmark for 2024

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

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%

Relationship Manager Bonus and Incentive Rates in Denmark

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 Relationship Manager is a high bonus based job, with 79% of employees reporting at least one bonus in the last 12 months.

21% 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
79%
No Bonus
21%

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 Denmark earn approximately 6% more than private sector employees in the same role.

Public Sector
502,200 DKK
Private Sector -6%
472,100 DKK

Salaries for Jobs Similar to a Relationship Manager

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

Job Title Category Salary
Account Coordinator Executive and Management 454,900 DKK
Account Director Executive and Management 565,100 DKK
Account Executive Executive and Management 571,300 DKK
Account Manager Executive and Management 533,000 DKK
Administration Manager Executive and Management 533,100 DKK
Administration Officer Executive and Management 301,800 DKK
Administration Supervisor Executive and Management 451,000 DKK
Administrative Clerk Executive and Management 214,000 DKK
Administrative Officer Executive and Management 207,800 DKK
Area Director Executive and Management 492,700 DKK
Area Manager Executive and Management 514,300 DKK
Asset Protection Associate Executive and Management 574,200 DKK
Assistant Director Executive and Management 573,500 DKK
Assistant General Manager Executive and Management 587,800 DKK
Assistant Manager Executive and Management 620,300 DKK
Assistant Managing Director Executive and Management 629,800 DKK
Assistant Operations Manager Executive and Management 627,900 DKK
Assistant Project Manager Executive and Management 555,800 DKK
Assistant Section Head Executive and Management 467,700 DKK
Assistant to CEO Executive and Management 498,000 DKK
Assistant Vice President Executive and Management 582,700 DKK
Associate Account Director Executive and Management 539,700 DKK
Associate Director Executive and Management 578,500 DKK
Bid Manager Executive and Management 615,700 DKK
Branch Manager Executive and Management 626,800 DKK
Business Development Manager Executive and Management 721,600 DKK
Business Operations Associate Executive and Management 588,500 DKK
Business Operations Lead Executive and Management 580,600 DKK
Campaign Manager Executive and Management 614,600 DKK
Catering Coordinator Executive and Management 335,100 DKK
Catering Manager Executive and Management 533,000 DKK
CEO Executive and Management 1,037,600 DKK
Chairman of The Board Executive and Management 1,074,200 DKK
Chairman Office Manager Executive and Management 679,200 DKK
Chief Commercial Officer Executive and Management 769,500 DKK
Chief Corporate Officer Executive and Management 875,000 DKK
Chief Executive Officer Executive and Management 1,048,100 DKK
Chief Financial Officer Executive and Management 991,000 DKK
Chief Investment Officer Executive and Management 814,100 DKK
Chief of Staff Executive and Management 480,600 DKK
Chief Operating Officer Executive and Management 832,300 DKK
Chief Risk Officer Executive and Management 693,100 DKK
Client Account Manager Executive and Management 620,300 DKK
Client Accounts Officer Executive and Management 553,400 DKK
Client Services Manager Executive and Management 714,600 DKK
Commercial Director Executive and Management 727,400 DKK
Commercial Manager Executive and Management 631,200 DKK
Commercial Project Manager Executive and Management 597,800 DKK
Commodity Broker Executive and Management 450,300 DKK
COO Executive and Management 823,400 DKK
Corporate Affairs Executive Executive and Management 638,700 DKK
Corporate Compliance Director Executive and Management 695,200 DKK
Corporate Director Executive and Management 772,700 DKK
Corporate Officer Executive and Management 525,700 DKK
Corporate Partnerships Officer Executive and Management 496,100 DKK
Country Manager Executive and Management 861,300 DKK
Department Head Executive and Management 645,800 DKK
Department Manager Executive and Management 684,900 DKK
Department Supervisor Executive and Management 565,100 DKK
Deputy Director Executive and Management 767,000 DKK
Deputy Manager Executive and Management 767,500 DKK
Director Executive and Management 840,800 DKK
Director of Accreditation Executive and Management 687,100 DKK
Director of Catering Services Executive and Management 656,800 DKK
Director of Client Services Executive and Management 707,700 DKK
Director of Facilities Management Executive and Management 575,100 DKK
Director of Operations Executive and Management 687,100 DKK
Director of Process Simplification Executive and Management 566,900 DKK
Director of Product Management Executive and Management 714,600 DKK
Director of Project Management Executive and Management 747,400 DKK
Director of Revenue Management Executive and Management 646,600 DKK
Director of Training and Development Executive and Management 687,100 DKK
Distribution Manager Executive and Management 702,800 DKK
Division Manager Executive and Management 605,700 DKK
Duty Manager Executive and Management 602,700 DKK
Engagement Manager Executive and Management 778,500 DKK
Executive Director Executive and Management 1,074,600 DKK
Executive Manager Executive and Management 889,400 DKK
Franchise Manager Executive and Management 939,600 DKK
General Manager Executive and Management 812,900 DKK
Global Master Data Manager Executive and Management 744,600 DKK
Global Technical Lead Executive and Management 483,400 DKK
Head of Investment Executive and Management 693,100 DKK
Head of Middle Office Executive and Management 699,700 DKK
Head of Projects Executive and Management 719,100 DKK
Head of Strategy Executive and Management 819,000 DKK
Head of Supply Chain Executive and Management 643,400 DKK
Head of Sustainability Executive and Management 623,700 DKK
Housing Manager Executive and Management 552,400 DKK
HSE Manager Executive and Management 596,100 DKK
Key Account Manager Executive and Management 615,700 DKK
Knowledge Manager Executive and Management 717,900 DKK
Location Manager Executive and Management 705,500 DKK
Logistics Executive Executive and Management 548,800 DKK
Logistics Manager Executive and Management 533,100 DKK
Management Consultant Executive and Management 583,000 DKK
Management Executive Executive and Management 780,700 DKK
Manager Executive and Management 698,200 DKK
Managing Director Executive and Management 851,200 DKK
MIS Executive Executive and Management 717,900 DKK
Ocean Services Manager Executive and Management 751,100 DKK
Operational Manager Executive and Management 778,900 DKK
Operations Analyst Executive and Management 658,300 DKK
Operations Assistant Executive and Management 502,200 DKK
Operations Director Executive and Management 814,500 DKK
Operations Executive Executive and Management 794,900 DKK
Operations Manager Executive and Management 828,400 DKK
Operations Supervisor Executive and Management 633,300 DKK
Planning Director Executive and Management 792,900 DKK
PMO Manager Executive and Management 646,600 DKK
Policy Administration Executive Executive and Management 598,600 DKK
Private Sector Executive Executive and Management 633,300 DKK
Product Development Manager Executive and Management 735,500 DKK
Product Executive Executive and Management 608,500 DKK
Production Executive Executive and Management 727,400 DKK
Production Manager Executive and Management 695,200 DKK
Production Supervisor Executive and Management 602,700 DKK
Program Director Executive and Management 725,700 DKK
Program Manager Executive and Management 728,500 DKK
Programme Coordinator Executive and Management 524,300 DKK
Project Control Manager Executive and Management 721,600 DKK
Project Coordinator Executive and Management 437,900 DKK
Project Management Officer Executive and Management 514,300 DKK
Project Manager Executive and Management 518,300 DKK
Project Portfolio Manager Executive and Management 555,800 DKK
Quality Manager Executive and Management 592,600 DKK
R/D Director Executive and Management 619,000 DKK
Regional Director Executive and Management 964,000 DKK
Regional Manager Executive and Management 719,100 DKK
Retail District Manager Executive and Management 514,800 DKK
Revenue Manager Executive and Management 566,900 DKK
Risk and Capital Manager Executive and Management 805,900 DKK
Risk Officer Executive and Management 568,500 DKK
Safety Manager Executive and Management 535,800 DKK
Section Head Executive and Management 528,500 DKK
Service Manager Executive and Management 563,000 DKK
Shift Supervisor Executive and Management 426,700 DKK
Solutions Manager Executive and Management 529,600 DKK
Supervisor Executive and Management 437,900 DKK
Supply Chain Manager Executive and Management 774,200 DKK
Surveyor Executive and Management 498,500 DKK
Technical Director Executive and Management 706,200 DKK
Technical Manager Executive and Management 674,100 DKK
Territory Manager Executive and Management 714,300 DKK
Validation Manager Executive and Management 633,300 DKK
Vice President Executive and Management 913,400 DKK
Zone Manager Executive and Management 754,900 DKK

Salary Comparison by City

If you want to compare salaries with different cities in Denmark, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Copenhagen 752,250 DKK

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