Average Revenue Recognition Analyst Salary in Faroe Islands for 2026
In this article, we will look at the average Revenue Recognition Analyst 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 Revenue Recognition Analyst Make in Faroe Islands?
A Revenue Recognition Analyst working in Faroe Islands will typically earn around 424,900 DKK per year, and this can range from the lowest average salary of about 215,100 DKK to the highest average salary of 653,200 DKK.
These are average salaries for a Revenue Recognition Analyst in Faroe Islands and include benefits such as housing and transport. It's also possible for a Revenue Recognition Analyst to earn more or less than the average salaries shown above.
Revenue Recognition Analyst 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 Revenue Recognition Analyst Salaries in Faroe Islands
So we've looked at the average salaries a Revenue Recognition Analyst will earn in Faroe Islands. The next interesting data point is the distribution of salaries.
Salary ranges
We already know that a Revenue Recognition Analyst can earn between 215,100 DKK and 653,200 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 Revenue Recognition Analyst in Faroe Islands is 417,200 DKK. This is the middle value in the distribution of salaries.
What this means is that approximately 50% of the population earn less than 417,200 DKK, and 50% of the population earn more than 417,200 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 Revenue Recognition Analyst salary in Faroe Islands, 25% of the population are earning less than 282,500 DKK while 75% of the population earn more than 282,500 DKK.
75% of the population earn less than 524,700 DKK, and 25% of the population earn more than 524,700 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.
Revenue Recognition Analyst 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 Revenue Recognition Analyst 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 Revenue Recognition Analyst in Faroe Islands that has less than two years of experience can expect to earn somewhere in the region of 240,500 DKK.
- 2 - 5 Years Experience. With two to five years of experience the average Revenue Recognition Analyst salary would increase to 315,900 DKK.
- 5 - 10 Years Experience. From five to ten years of experience as a Revenue Recognition Analyst, the average salary would be 445,100 DKK.
- 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 533,000 DKK.
- 15 - 20 Years Experience. A Revenue Recognition Analyst with 15 to 20 years of experience can earn an average of 581,300 DKK.
- 20+ Years Experience. For a Revenue Recognition Analyst with more than 20 years, the expected average salary increases to 625,000 DKK.
Average Salary by Experience Chart
| 0-2 Years | - | 240,500 DKK |
| 2-5 Years | +31% | 315,900 DKK |
| 5-10 Years | +40% | 445,100 DKK |
| 10-15 Years | +20% | 533,000 DKK |
| 15-20 Years | +9% | 581,300 DKK |
| 20+ Years | +8% | 625,000 DKK |
Revenue Recognition Analyst 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 Revenue Recognition Analyst 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.
- High School. A Revenue Recognition Analyst in Faroe Islands with a high school education can earn an average salary of 288,700 DKK.
- Certificate or Diploma. A Revenue Recognition Analyst in Faroe Islands with a certificate or diploma education can earn an average salary of 335,100 DKK.
- Bachelor's Degree. A Revenue Recognition Analyst in Faroe Islands with a bachelor's degree education can earn an average salary of 471,700 DKK.
- Master's Degree. A Revenue Recognition Analyst in Faroe Islands with a master's degree education can earn an average salary of 605,700 DKK.
Average Salary by Education Chart
| High School | - | 288,700 DKK |
| Certificate or Diploma | +15% | 335,100 DKK |
| Bachelor's Degree | +41% | 471,700 DKK |
| Master's Degree | +29% | 605,700 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.
Revenue Recognition Analyst 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 revenue recognition analyst will earn an average of 459,700 DKK, while a female revenue recognition analyst will earn around 394,800 DKK.
This means that a male revenue recognition analyst earns approximately 16% more than a female revenue recognition analyst for performing the same job.
Average Salary by Gender Chart in Faroe Islands
| Male | - | 459,700 DKK |
| Female | -16% | 394,800 DKK |
Revenue Recognition Analyst 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 Revenue Recognition Analyst 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 Revenue Recognition Analyst 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% |
Revenue Recognition Analyst 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 Revenue Recognition Analyst is a low bonus based job, with 37% of employees reporting at least one bonus in the last 12 months.
63% 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 3% to 6%.
| Received Bonus | - | 37% |
| No Bonus | - | 63% |
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 Revenue Recognition Analyst
In the table below, we have salary information for jobs that are similar to a Revenue Recognition Analyst in Faroe Islands.
| Job Title | Category | Salary |
|---|---|---|
| Account Examiner | Accounting and Finance | 167,100 DKK |
| Account Executive | Accounting and Finance | 282,300 DKK |
| Accountant | Accounting and Finance | 216,800 DKK |
| Accounting Analyst | Accounting and Finance | 282,500 DKK |
| Accounting Assistant | Accounting and Finance | 163,800 DKK |
| Accounting Associate | Accounting and Finance | 159,100 DKK |
| Accounting Clerk | Accounting and Finance | 134,600 DKK |
| Accounting Coordinator | Accounting and Finance | 200,000 DKK |
| Accounting Head | Accounting and Finance | 448,500 DKK |
| Accounting Manager | Accounting and Finance | 476,600 DKK |
| Accounting Officer | Accounting and Finance | 168,100 DKK |
| Accounting Specialist | Accounting and Finance | 296,000 DKK |
| Accounting Supervisor | Accounting and Finance | 313,700 DKK |
| Accounting Technician | Accounting and Finance | 158,700 DKK |
| Accounting Unit Controller | Accounting and Finance | 377,200 DKK |
| Accounts Executive | Accounting and Finance | 267,100 DKK |
| Accounts Officer | Accounting and Finance | 168,100 DKK |
| Accounts Payable Assistant | Accounting and Finance | 185,100 DKK |
| Accounts Payable Associate | Accounting and Finance | 194,600 DKK |
| Accounts Payable Clerk | Accounting and Finance | 161,300 DKK |
| Accounts Payable Manager | Accounting and Finance | 417,100 DKK |
| Accounts Payable and Receivable Specialist | Accounting and Finance | 228,000 DKK |
| Accounts Receivable Administrator | Accounting and Finance | 308,300 DKK |
| Accounts Receivable Clerk | Accounting and Finance | 169,000 DKK |
| Accounts Receivable Financial Analyst | Accounting and Finance | 299,500 DKK |
| Accounts Receivable Manager | Accounting and Finance | 430,000 DKK |
| Accounts Receivable Team Leader | Accounting and Finance | 318,800 DKK |
| Assistant Accountant | Accounting and Finance | 172,200 DKK |
| Assistant Accounting Manager | Accounting and Finance | 424,900 DKK |
| Assistant Auditor | Accounting and Finance | 210,500 DKK |
| Assistant Corporate Controller | Accounting and Finance | 297,000 DKK |
| Assistant Finance Manager | Accounting and Finance | 450,300 DKK |
| Assistant Financial Controller | Accounting and Finance | 309,800 DKK |
| Audit Director | Accounting and Finance | 524,300 DKK |
| Audit Supervisor | Accounting and Finance | 385,300 DKK |
| Auditing Clerk | Accounting and Finance | 168,100 DKK |
| Auditing Manager | Accounting and Finance | 478,000 DKK |
| Billing Clerk | Accounting and Finance | 161,300 DKK |
| Billing Coordinator | Accounting and Finance | 207,700 DKK |
| Billing Specialist | Accounting and Finance | 228,000 DKK |
| Billing Supervisor | Accounting and Finance | 322,600 DKK |
| Bookkeeper | Accounting and Finance | 150,000 DKK |
| Bookkeeping Specialist | Accounting and Finance | 212,500 DKK |
| Budget Analyst | Accounting and Finance | 378,800 DKK |
| Budget Manager | Accounting and Finance | 442,200 DKK |
| Business Support Analyst | Accounting and Finance | 239,000 DKK |
| Capital Markets Associate | Accounting and Finance | 315,900 DKK |
| Cash Flow Analyst | Accounting and Finance | 344,600 DKK |
| Cash Management Manager | Accounting and Finance | 442,200 DKK |
| Cash Management Officer | Accounting and Finance | 247,800 DKK |
| Cashbook Clerk | Accounting and Finance | 152,100 DKK |
| Chartered Accountant | Accounting and Finance | 267,100 DKK |
| Chief Accountant | Accounting and Finance | 341,400 DKK |
| Collections Clerk | Accounting and Finance | 134,600 DKK |
| Collections Representative | Accounting and Finance | 183,700 DKK |
| Collections Specialist | Accounting and Finance | 228,500 DKK |
| Corporate Controller | Accounting and Finance | 365,400 DKK |
| Corporate Treasurer | Accounting and Finance | 424,900 DKK |
| Cost Accountant | Accounting and Finance | 221,500 DKK |
| Cost Accounting Manager | Accounting and Finance | 426,700 DKK |
| Cost Accounting Supervisor | Accounting and Finance | 340,400 DKK |
| Cost Analyst | Accounting and Finance | 332,100 DKK |
| Credit Controller | Accounting and Finance | 312,400 DKK |
| Credit Manager | Accounting and Finance | 454,900 DKK |
| Credit and Collection Manager | Accounting and Finance | 428,400 DKK |
| Credit and Collection Staff | Accounting and Finance | 172,200 DKK |
| Credit and Loans Officer | Accounting and Finance | 161,600 DKK |
| Debt Adviser | Accounting and Finance | 357,300 DKK |
| Debt Collector | Accounting and Finance | 187,500 DKK |
| Debtors Clerk | Accounting and Finance | 159,100 DKK |
| Debtors Controller | Accounting and Finance | 168,100 DKK |
| Deputy CFO | Accounting and Finance | 612,500 DKK |
| Deputy Head of Finance | Accounting and Finance | 574,200 DKK |
| Derivative Trader | Accounting and Finance | 394,800 DKK |
| Director of Finance | Accounting and Finance | 658,300 DKK |
| Economist | Accounting and Finance | 529,600 DKK |
| Equity Analyst | Accounting and Finance | 384,500 DKK |
| Escrow Assistant | Accounting and Finance | 190,500 DKK |
| Executive Accountant | Accounting and Finance | 257,700 DKK |
| External Auditor | Accounting and Finance | 314,500 DKK |
| Finance Administrator | Accounting and Finance | 263,900 DKK |
| Finance Analyst | Accounting and Finance | 382,600 DKK |
| Finance Associate | Accounting and Finance | 192,000 DKK |
| Finance Director | Accounting and Finance | 629,800 DKK |
| Finance Executive | Accounting and Finance | 475,700 DKK |
| Finance Licensing Clerk | Accounting and Finance | 163,800 DKK |
| Finance Licensing Manager | Accounting and Finance | 420,800 DKK |
| Finance Licensing Specialist | Accounting and Finance | 232,400 DKK |
| Finance Manager | Accounting and Finance | 643,400 DKK |
| Finance Officer | Accounting and Finance | 209,500 DKK |
| Finance President | Accounting and Finance | 671,000 DKK |
| Finance Relationship Manager | Accounting and Finance | 510,200 DKK |
| Finance Release Analyst | Accounting and Finance | 259,100 DKK |
| Finance Specialist | Accounting and Finance | 367,200 DKK |
| Finance Team Leader | Accounting and Finance | 501,400 DKK |
| Financial Accountant | Accounting and Finance | 225,700 DKK |
| Financial Actuary | Accounting and Finance | 335,100 DKK |
| Financial Administrator | Accounting and Finance | 362,200 DKK |
| Financial Advisor | Accounting and Finance | 392,300 DKK |
| Financial Analyst | Accounting and Finance | 386,400 DKK |
| Financial Applications Specialist | Accounting and Finance | 275,200 DKK |
| Financial Assistant | Accounting and Finance | 172,200 DKK |
| Financial Associate | Accounting and Finance | 174,000 DKK |
| Financial Associate | Accounting and Finance | 200,000 DKK |
| Financial Claims Analyst | Accounting and Finance | 305,600 DKK |
| Financial Claims Manager | Accounting and Finance | 390,000 DKK |
| Financial Claims Supervisor | Accounting and Finance | 351,200 DKK |
| Financial Clerk | Accounting and Finance | 168,100 DKK |
| Financial Commercial Analyst | Accounting and Finance | 319,600 DKK |
| Financial Compliance Analyst | Accounting and Finance | 341,400 DKK |
| Financial Consultant | Accounting and Finance | 281,500 DKK |
| Financial Controller | Accounting and Finance | 341,900 DKK |
| Financial Controller | Accounting and Finance | 361,500 DKK |
| Financial Coordinator | Accounting and Finance | 195,200 DKK |
| Financial Customer Service Manager | Accounting and Finance | 386,400 DKK |
| Financial Dealer and Broker | Accounting and Finance | 238,900 DKK |
| Financial Director | Accounting and Finance | 663,100 DKK |
| Financial Encoder | Accounting and Finance | 192,000 DKK |
| Financial Manager | Accounting and Finance | 588,500 DKK |
| Financial Manager | Accounting and Finance | 648,200 DKK |
| Financial Operations Manager | Accounting and Finance | 547,800 DKK |
| Financial Policy Analyst | Accounting and Finance | 351,900 DKK |
| Financial Project Manager | Accounting and Finance | 444,300 DKK |
| Financial Quantitative Analyst | Accounting and Finance | 365,400 DKK |
| Financial Reporting Consultant | Accounting and Finance | 315,700 DKK |
| Financial Reporting Manager | Accounting and Finance | 431,300 DKK |
| Financial Section Head | Accounting and Finance | 417,100 DKK |
| Financial Services Manager | Accounting and Finance | 572,200 DKK |
| Financial Services Sales Agent | Accounting and Finance | 243,000 DKK |
| Fixed Assets Administrator | Accounting and Finance | 225,700 DKK |
| Forensic Accountant | Accounting and Finance | 257,700 DKK |
| Fraud Detection Supervisor | Accounting and Finance | 281,500 DKK |
| Fraud Prevention Manager | Accounting and Finance | 453,200 DKK |
| Fund Accountant | Accounting and Finance | 204,000 DKK |
| Grants Coordinator | Accounting and Finance | 161,600 DKK |
| Group Financial Manager | Accounting and Finance | 628,000 DKK |
| Internal Auditor | Accounting and Finance | 288,700 DKK |
| Internal Control Adviser | Accounting and Finance | 359,900 DKK |
| Internal Control Officer | Accounting and Finance | 191,600 DKK |
| International Tax Director | Accounting and Finance | 528,500 DKK |
| Inventory Accountant | Accounting and Finance | 231,000 DKK |
| Investment Advisor | Accounting and Finance | 618,800 DKK |
| Investment Analyst | Accounting and Finance | 445,100 DKK |
| Investment Associate | Accounting and Finance | 367,900 DKK |
| Investment Broker | Accounting and Finance | 366,200 DKK |
| Investment Fund Manager | Accounting and Finance | 472,100 DKK |
| Investment Operations Manager | Accounting and Finance | 472,000 DKK |
| Investment Underwriter | Accounting and Finance | 194,600 DKK |
| Investor | Accounting and Finance | 294,300 DKK |
| Investor Relations Manager | Accounting and Finance | 444,300 DKK |
| KYC Team Leader | Accounting and Finance | 417,200 DKK |
| Loan Processor | Accounting and Finance | 189,300 DKK |
| Management Accountant | Accounting and Finance | 233,900 DKK |
| Management Economist | Accounting and Finance | 516,100 DKK |
| Paymaster | Accounting and Finance | 180,300 DKK |
| Payroll Administrator | Accounting and Finance | 301,700 DKK |
| Payroll Benefits Coordinator | Accounting and Finance | 247,800 DKK |
| Payroll Billing Manager | Accounting and Finance | 397,900 DKK |
| Payroll Clerk | Accounting and Finance | 194,600 DKK |
| Payroll Manager | Accounting and Finance | 396,300 DKK |
| Payroll Officer | Accounting and Finance | 185,100 DKK |
| Payroll Specialist | Accounting and Finance | 239,000 DKK |
| Payroll Supervisor | Accounting and Finance | 268,900 DKK |
| Pensions Administrator | Accounting and Finance | 233,600 DKK |
| Personal Financial Advisor | Accounting and Finance | 318,800 DKK |
| Pricing Analyst | Accounting and Finance | 361,600 DKK |
| Private Equity Analyst | Accounting and Finance | 371,100 DKK |
| Project Accountant | Accounting and Finance | 228,000 DKK |
| Proposal Development Coordinator | Accounting and Finance | 195,200 DKK |
| Receivables Accountant | Accounting and Finance | 209,700 DKK |
| Regulatory Accountant | Accounting and Finance | 233,600 DKK |
| Retirement Plan Analyst | Accounting and Finance | 365,400 DKK |
| Revenue Management Specialist | Accounting and Finance | 367,900 DKK |
| Risk Management Director | Accounting and Finance | 551,200 DKK |
| Risk Management Supervisor | Accounting and Finance | 442,200 DKK |
| Staff Accountant | Accounting and Finance | 208,600 DKK |
| Tax Accountant | Accounting and Finance | 197,600 DKK |
| Tax Administrator | Accounting and Finance | 233,900 DKK |
| Tax Advisor | Accounting and Finance | 320,500 DKK |
| Tax Analyst | Accounting and Finance | 344,600 DKK |
| Tax Associate | Accounting and Finance | 192,600 DKK |
| Tax Consultant | Accounting and Finance | 348,300 DKK |
| Tax Director | Accounting and Finance | 493,000 DKK |
| Tax Examiner | Accounting and Finance | 225,300 DKK |
| Tax Manager | Accounting and Finance | 440,200 DKK |
| Tax Research Manager | Accounting and Finance | 431,100 DKK |
| Teller | Accounting and Finance | 136,100 DKK |
| Treasury Accountant | Accounting and Finance | 231,000 DKK |
| Treasury Analyst | Accounting and Finance | 367,900 DKK |
| Underwriter | Accounting and Finance | 152,100 DKK |
| Underwriting Assistant | Accounting and Finance | 139,100 DKK |
| Vice President of Finance | Accounting and Finance | 625,000 DKK |
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