Information technology is one of the most important sectors in modern society. Everything from email to television to databases to smartphones relies on information technology. Millions of people worldwide are employed in IT, and most of these jobs are typically paid well.
If you are looking for more specific info, here is everything you need to know about the average information technology salary in Copenhagen 2021.
IT Average Salary in Copenhagen
People employed in Information Technology in Copenhagen usually earn around 43,700 DKK per month. Salaries vary depending on the position, years of experience, and company but generally range from 22,600 DKK to 71,100 DKK.
When it comes to hourly pay, on average, the hourly rate in Copenhagen is 250 DKK. A salary can be conveyed to an hourly wage using this formula: Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 ), but it can depend on the working hours per week and the vacation allowance.
Compared to the rest of Denmark, average IT salaries in Copenhagen are approximately 7% higher.
IT Salary Comparison by Years of Experience
The level of experience is one of the most important factors – in most cases, more years of experience mean a higher wage. Usually, employees with 2 to 5 years of experience earn around 32% more than juniors, and professionals with more than 5 years of experience earn 36% more than those with less than 5 years of experience.
When hitting the 10 years mark, one can expect to earn 21% more and an additional 14% after 15 years of experience.
IT Salary Comparison By Education
Usually, higher education means higher salaries, but this varies a lot depending on the location and the career field. Workers that hold a diploma or a certificate, in general, earn 17% more than those with only a high school education. And those employees with a Bachelor’s degree can expect to earn 24% more than those who only have a certificate or diploma. A Master’s degree can lead to an additional 29% more than just a Bachelor’s degree, and a Ph.D. holder earns on average 23% more than those with a Master’s degree even if they are doing the same job.
IT Salary Comparison By Gender
Even though gender should not affect the salary, in reality, it does. Male IT employees in Copenhagen earn 4% more compared to their female colleagues – the average salary for men is 41,700 DKK, while for women, it is 39,900 DKK.
IT Average Annual Salary Increment Percentage & Bonuses
IT professionals in Copenhagen can expect an increase in salary of about 10% every 14 months.
Because Information Technology is a field that is rarely involved in direct revenue generation, there are rarely bonuses or incentives. Nearly half of the interviewed personnel in IT said that they have never received bonuses. Most people who get bonuses in IT are usually involved in the revenue generation – such as top management personnel and senior employees. Bonuses typically range from 3% to 6% of the annual salary.