Average Technical Manager Salary in Åland Islands for 2024

In this article, we will look at the average Technical Manager salary for 2024 in Åland 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 Euro. To keep things simple, we are using the EUR currency code instead of the currency symbol €.

How Much Does a Technical Manager Make in Åland Islands?

A Technical Manager working in Åland Islands will typically earn around 60,020 EUR per year, and this can range from the lowest average salary of about 28,660 EUR to the highest average salary of 96,500 EUR.

Average Annual Salary
60,020 EUR
Average Monthly Salary
5,001 EUR

Lowest Annual Salary
28,660 EUR
Lowest Monthly Salary
2,388 EUR

Highest Annual Salary
96,500 EUR
Highest Monthly Salary
8,041 EUR

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

Technical 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 Technical Manager Salaries in Åland Islands

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

Salary ranges

We already know that a Technical Manager can earn between 28,660 EUR and 96,500 EUR on average in Åland 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 Technical Manager in Åland Islands is 66,940 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 66,940 EUR, and 50% of the population earn more than 66,940 EUR.

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 Technical Manager salary in Åland Islands, 25% of the population are earning less than 42,320 EUR while 75% of the population earn more than 42,320 EUR.

75% of the population earn less than 86,800 EUR, and 25% of the population earn more than 86,800 EUR.

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.

Technical Manager Salary by Experience Level in Åland 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 technical 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 Technical Manager in Åland Islands that has less than two years of experience can expect to earn somewhere in the region of 31,180 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Technical Manager salary would increase to 43,360 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Technical Manager, the average salary would be 64,040 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 77,620 EUR.
  • 15 - 20 Years Experience. A Technical Manager with 15 to 20 years of experience can earn an average of 84,780 EUR.
  • 20+ Years Experience. For a Technical Manager with more than 20 years, the expected average salary increases to 89,120 EUR.

Average Salary by Experience Chart

0-2 Years
31,180 EUR
2-5 Years +34%
43,360 EUR
5-10 Years +48%
64,040 EUR
10-15 Years +22%
77,620 EUR
15-20 Years +9%
84,780 EUR
20+ Years +8%
89,120 EUR

Technical Manager Salary by Education Level in Åland 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 Technical Manager in Åland 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 Technical Manager in Åland Islands with a certificate or diploma education can earn an average salary of 37,740 EUR.

  • Bachelor's Degree. A Technical Manager in Åland Islands with a bachelor's degree education can earn an average salary of 56,460 EUR.

  • Master's Degree. A Technical Manager in Åland Islands with a master's degree education can earn an average salary of 96,980 EUR.

Average Salary by Education Chart

Certificate or Diploma
37,740 EUR
Bachelor's Degree +57%
56,460 EUR
Master's Degree +68%
96,980 EUR

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 Åland Islands is around 18,200 to 54,600 EUR 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.

Technical 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 Åland Islands, a male technical manager will earn an average of 64,620 EUR, while a female technical manager will earn around 56,140 EUR.

This means that a male technical manager earns approximately 15% more than a female technical manager for performing the same job.

Average Salary by Gender Chart in Åland Islands

Male
64,620 EUR
Female -15%
56,140 EUR

Technical Manager Average Pay Raise in Åland 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 Technical Manager in Åland Islands is around 7% every 32 months.

The national average pay raise across all professions and industries in Åland Islands is around 5% every 28 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 ÷ 32 ) × 12  = 3%

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

Annual Pay Raise by Industry in Åland Islands for 2024

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

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

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Technical Manager Bonus and Incentive Rates in Åland 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 Technical Manager is a low bonus based job, with 42% of employees reporting at least one bonus in the last 12 months.

58% 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
42%
No Bonus
58%

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 Åland Islands earn approximately 17% more than private sector employees in the same role.

Public Sector
47,120 EUR
Private Sector -17%
40,240 EUR

Salaries for Jobs Similar to a Technical Manager

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

Job Title Category Salary
Cable Installer and Locator Electrical and Electronics Trades 14,620 EUR
Cable Technician Electrical and Electronics Trades 13,700 EUR
Digital Design Engineer Electrical and Electronics Trades 47,540 EUR
Electrical Designer Electrical and Electronics Trades 40,240 EUR
Electrical Drafter Electrical and Electronics Trades 19,480 EUR
Electrical Engineering Manager Electrical and Electronics Trades 61,760 EUR
Electrical Maintenance Manager Electrical and Electronics Trades 62,100 EUR
Electrical Planner Electrical and Electronics Trades 31,340 EUR
Electrical Sales Engineer Electrical and Electronics Trades 44,140 EUR
Electrical Sales Representative Electrical and Electronics Trades 27,300 EUR
Electrical Service Technician Electrical and Electronics Trades 13,560 EUR
Electrical Technician Electrical and Electronics Trades 22,420 EUR
Electrical Worker Electrical and Electronics Trades 17,620 EUR
Electrician Electrical and Electronics Trades 21,980 EUR
Electromechanical Technician Electrical and Electronics Trades 22,660 EUR
Electronic Assembler Electrical and Electronics Trades 21,540 EUR
Electronic Drafter Electrical and Electronics Trades 18,780 EUR
Electronic Engineer Electrical and Electronics Trades 44,540 EUR
Electronic Service Engineer Electrical and Electronics Trades 44,540 EUR
Electronics Engineer Electrical and Electronics Trades 42,960 EUR
Electronics Instructor Electrical and Electronics Trades 43,220 EUR
Electronics Technician Electrical and Electronics Trades 21,300 EUR
Field Service Engineer Electrical and Electronics Trades 41,180 EUR
Field Service Technician Electrical and Electronics Trades 15,300 EUR
Hydroelectric Plant Technician Electrical and Electronics Trades 20,500 EUR
Hydroelectric Production Manager Electrical and Electronics Trades 58,440 EUR
Instrumentation Technician Electrical and Electronics Trades 17,560 EUR
Journeyman Electrician Electrical and Electronics Trades 19,360 EUR
Maintenance Electrician Electrical and Electronics Trades 12,580 EUR
Mechatronics Technician Electrical and Electronics Trades 23,500 EUR
Power Equipment Mechanic Electrical and Electronics Trades 17,560 EUR
Power Line Technician Electrical and Electronics Trades 15,580 EUR
Refrigeration and Airconditioning Mechanic Electrical and Electronics Trades 19,060 EUR
Security Service Engineer Electrical and Electronics Trades 44,140 EUR
Turbine Fitter Electrical and Electronics Trades 13,660 EUR
Warehouse Attendant Electrical and Electronics Trades 12,520 EUR
Warehouse Manager Electrical and Electronics Trades 57,900 EUR
Watch Repairer Electrical and Electronics Trades 17,100 EUR

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