Average Sales Manager Salary in Faroe Islands for 2024

In this article, we will look at the average Sales Manager 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 Sales Manager Make in Faroe Islands?

A Sales Manager working in Faroe Islands will typically earn around 533,100 DKK per year, and this can range from the lowest average salary of about 272,800 DKK to the highest average salary of 818,100 DKK.

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

Lowest Annual Salary
272,800 DKK
Lowest Monthly Salary
22,733 DKK

Highest Annual Salary
818,100 DKK
Highest Monthly Salary
68,175 DKK

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

Sales 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 Sales Manager Salaries in Faroe Islands

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

Salary ranges

We already know that a Sales Manager can earn between 272,800 DKK and 818,100 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 Sales Manager in Faroe Islands is 522,700 DKK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 522,700 DKK, and 50% of the population earn more than 522,700 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 Sales Manager salary in Faroe Islands, 25% of the population are earning less than 357,300 DKK while 75% of the population earn more than 357,300 DKK.

75% of the population earn less than 658,300 DKK, and 25% of the population earn more than 658,300 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.

Sales Manager 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 sales 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 Sales Manager in Faroe Islands that has less than two years of experience can expect to earn somewhere in the region of 305,600 DKK.
  • 2 - 5 Years Experience. With two to five years of experience the average Sales Manager salary would increase to 396,300 DKK.
  • 5 - 10 Years Experience. From five to ten years of experience as a Sales Manager, the average salary would be 556,000 DKK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 669,100 DKK.
  • 15 - 20 Years Experience. A Sales Manager with 15 to 20 years of experience can earn an average of 727,400 DKK.
  • 20+ Years Experience. For a Sales Manager with more than 20 years, the expected average salary increases to 782,500 DKK.

Average Salary by Experience Chart

0-2 Years
305,600 DKK
2-5 Years +31%
396,300 DKK
5-10 Years +40%
556,000 DKK
10-15 Years +20%
669,100 DKK
15-20 Years +9%
727,400 DKK
20+ Years +8%
782,500 DKK

Sales Manager 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 Sales Manager 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.

  • Certificate or Diploma. A Sales Manager in Faroe Islands with a certificate or diploma education can earn an average salary of 349,300 DKK.

  • Bachelor's Degree. A Sales Manager in Faroe Islands with a bachelor's degree education can earn an average salary of 524,400 DKK.

  • Master's Degree. A Sales Manager in Faroe Islands with a master's degree education can earn an average salary of 773,400 DKK.

Average Salary by Education Chart

Certificate or Diploma
349,300 DKK
Bachelor's Degree +50%
524,400 DKK
Master's Degree +48%
773,400 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.

Sales 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 Faroe Islands, a male sales manager will earn an average of 575,100 DKK, while a female sales manager will earn around 493,000 DKK.

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

Average Salary by Gender Chart in Faroe Islands

Male
575,100 DKK
Female -17%
493,000 DKK

Sales Manager 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 Sales Manager in Faroe Islands is around 8% every 30 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 ÷ 30 ) × 12  = 3%

What this means is that a Sales Manager 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%

Sales Manager 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 Sales 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 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 Sales Manager

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

Job Title Category Salary
Account Handler Marketing 265,000 DKK
Affiliate Manager Marketing 325,600 DKK
Analytics Specialist Marketing 239,000 DKK
Assistant Brand Manager Marketing 369,300 DKK
Assistant Product Manager Marketing 394,800 DKK
Associate Marketing Manager Marketing 390,000 DKK
Associate Product Manager Marketing 414,000 DKK
Brand Ambassador Marketing 489,500 DKK
Brand Director Marketing 575,100 DKK
Brand Executive Marketing 491,000 DKK
Brand Manager Marketing 522,700 DKK
Business Analytics Specialist Marketing 249,600 DKK
Business Channel Manager Marketing 351,900 DKK
Business Intelligence Team Leader Marketing 382,600 DKK
Campaign Specialist Marketing 311,700 DKK
Chief Marketing Officer Marketing 576,500 DKK
Chief Product Officer Marketing 491,000 DKK
Communications Officer Marketing 159,500 DKK
Content Manager Marketing 288,100 DKK
Content Marketing Strategist Marketing 351,900 DKK
Copy Editer Marketing 200,000 DKK
Copy Writer Marketing 215,100 DKK
Creative Marketing Lead Marketing 353,600 DKK
Creative Writer Marketing 212,500 DKK
Digital Marketer Marketing 294,300 DKK
Digital Marketing Manager Marketing 431,100 DKK
Digital Marketing Strategist Marketing 417,200 DKK
Digital Media Specialist Marketing 357,700 DKK
Director of Marketing Marketing 553,800 DKK
Director of Research Marketing 403,100 DKK
eMarketing Manager Marketing 457,300 DKK
Event Marketing Marketing 415,900 DKK
Head of Executive Search Marketing 475,700 DKK
Key Affiliate Manager Marketing 406,300 DKK
Localization Manager Marketing 383,300 DKK
Market Development Executive Marketing 433,400 DKK
Market Development Manager Marketing 431,100 DKK
Market Research Analyst Marketing 377,200 DKK
Market Research Manager Marketing 396,300 DKK
Market Segmentation Director Marketing 411,400 DKK
Marketing Account Supervisor Marketing 315,900 DKK
Marketing Administrator Marketing 290,800 DKK
Marketing Advisor Marketing 339,100 DKK
Marketing Analyst Marketing 325,600 DKK
Marketing and Communications Officer Marketing 194,600 DKK
Marketing and Sales Head Marketing 538,600 DKK
Marketing Assistant Marketing 172,200 DKK
Marketing Associate Marketing 172,200 DKK
Marketing Communications Manager Marketing 378,800 DKK
Marketing Consultant Marketing 420,100 DKK
Marketing Coordinator Marketing 172,200 DKK
Marketing Director Marketing 583,000 DKK
Marketing Distribution Executive Marketing 431,100 DKK
Marketing Executive Marketing 433,400 DKK
Marketing Manager Marketing 573,500 DKK
Marketing Officer Marketing 191,600 DKK
Marketing Segment Manager Marketing 421,400 DKK
Marketing Specialist Marketing 271,300 DKK
Marketing Supervisor Marketing 339,100 DKK
Marketing Vice President Marketing 437,900 DKK
Marketing Writer Marketing 204,700 DKK
Online Marketing Analyst Marketing 297,000 DKK
Online Marketing Manager Marketing 361,600 DKK
Optimization Manager Marketing 369,900 DKK
Outbound Sales Marketing 246,500 DKK
Outreach Coordinator Marketing 245,300 DKK
Outreach Specialist Marketing 308,300 DKK
Product Development Marketing 376,800 DKK
Product Manager Marketing 428,400 DKK
Product Marketing Engineer Marketing 243,000 DKK
Product Marketing Executive Marketing 404,600 DKK
Product Marketing Manager Marketing 433,800 DKK
Product Researcher Marketing 215,100 DKK
Product Strategist Marketing 332,500 DKK
Product Strategy Researcher Marketing 301,700 DKK
Product Training Specialist Marketing 282,500 DKK
Project Manager Marketing 335,800 DKK
Publications Coordinator Marketing 197,600 DKK
Research Executive Marketing 407,100 DKK
Sales and Marketing Assistant Marketing 174,000 DKK
Sales and Marketing Coordinator Marketing 185,100 DKK
Sales and Marketing Director Marketing 543,200 DKK
Sales Director Marketing 504,300 DKK
Sales Management Support Marketing 197,600 DKK
Search Marketing Strategist Marketing 451,000 DKK
Social Media Administrator Marketing 308,300 DKK
Social Media Specialist Marketing 296,000 DKK
Spaceman Analyst Marketing 174,000 DKK
Sponsorship Consultant Marketing 294,700 DKK
Team Leader Marketing 313,700 DKK
Telemarketer Marketing 161,300 DKK
Trade Marketing Executive Marketing 417,200 DKK
Trade Marketing Manager Marketing 420,100 DKK
Trade Marketing Professional Marketing 348,300 DKK
Trade Marketing Specialist Marketing 232,400 DKK
Web Analytics Manager Marketing 340,400 DKK
Web Content Manager Marketing 325,900 DKK

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