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Procurement Engineer Average Salary in Finland 2024

How much money does a person working as Procurement Engineer make in Finland?


Average Monthly Salary
3,810 EUR
( 45,700 EUR yearly)

LOW
1,900
EUR
AVERAGE
3,810
EUR
HIGH
5,900
EUR
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Procurement Engineer in Finland typically earns around 3,810 EUR. Salaries range from 1,900 EUR (lowest) to 5,900 EUR (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Procurement Engineer salaries in Finland vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Procurement Engineer Pay Scale and Salaries in Finland

Median and salary distribution Finland Procurement Engineer monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
3,500 EUR or more
10% of people earn
3,100 to 3,500 EUR
20% of people earn
2,220 EUR or less
65% of people earn
2,220 to 3,100 EUR
Minimum Salary
1,900 EUR
Median
3,520 EUR
Maximum
5,900 EUR




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Procurement Engineer in Finland range from 1,900 EUR (starting salary) to 5,900 EUR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 3,520 EUR, half of the professionals who work as Procurement Engineer in Finland earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Procurement Engineer in Finland earn less than 2,890 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 4,020 EUR while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Procurement Engineer in Finland compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 2,220 EUR to 3,100 EUR. About 20% of salaries are below the 2,220 EUR mark, while 10% fall within the range of 3,100 EUR to 3,500 EUR. Only 5% of individuals have salaries exceeding 3,500 EUR.

Salary Comparison by Years of Experience / Procurement Engineer / Finland

How do experience and age affect pay?

0 - 2 Years
2,280 EUR
2 - 5 Years+32%
3,020 EUR
5 - 10 Years+34%
4,040 EUR
10 - 15 Years+19%
4,820 EUR
15 - 20 Years+8%
5,200 EUR
20+ Years+7%
5,580 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Finland Procurement Engineer
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Procurement Engineer and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 2,280 EUR.

While someone with an experience level between two and five years is expected to earn 3,020 EUR, 32% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 4,040 EUR, 34% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 4,820 EUR, 19% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 5,200 EUR, 8% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 5,580 EUR, 7% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Procurement Engineer / Finland

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Procurement Engineer.

High School
2,860 EUR
Certificate or Diploma+14%
3,260 EUR
Bachelor's Degree+36%
4,420 EUR
Master's Degree+26%
5,580 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Finland Procurement Engineer
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Procurement Engineer in order to make a comparison.


Level 1: High School

Employees at this education level have an average salary of 2,860 EUR.


Level 2: Certificate or Diploma

At this level, the average salary becomes 3,260 EUR, 14% more than the previous level.


Level 3: Bachelor's Degree

At this level, the average salary becomes 4,420 EUR, 36% more than the previous level.


Level 4: Master's Degree

At this level, the average salary becomes 5,580 EUR, 26% more than the previous level.



Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Finland costs anywhere from 23,500 EUR to 70,600 EUR and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Procurement Engineer / Finland

Salary comparison by gender Finland Procurement Engineer monthly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Procurement Engineer in Finland, the average difference between the salary of male and female employees is 4%.

Male
3,890 EUR
Female-4%
3,730 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Finland for all Careers

Salary comparison by gender monthly Finland
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Average Annual Salary Increment Percentage / Procurement Engineer / Finland

How much are annual salary increments in Finland for individuals working as Procurement Engineer? How often do employees get salary raises?

Individuals working as Procurement Engineer in Finland are likely to observe a salary increase of approximately 9% every 17 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.

Annual Salary Increment Rate Finland Procurement Engineer
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Finland / All Professions

Annual Salary Increment Rate Finland
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in Finland is 6%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Procurement Engineer / Finland

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Finland Procurement Engineer
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44% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 56% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
56%
No Bonus
44%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Average Hourly Wage / Procurement Engineer / Finland


22 EUR per hour

The average hourly wage (pay per hour) for individuals working as Procurement Engineer in Finland is 22 EUR.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Procurement Engineer in Finland is 11 EUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Purchasing and Inventory-100%
Asset Management Associate3,890 EUR+2%
Asset Protection Associate3,830 EUR+1%
Asset Protection Specialist4,360 EUR+14%
Assistant Buyer3,540 EUR-7%
Buyer6,050 EUR+59%
Capacity Planner4,250 EUR+12%
Category Leader4,250 EUR+12%
Category Management Specialist4,250 EUR+12%
Category Manager4,760 EUR+25%
Channel Services Representative4,310 EUR+13%
Contracts Manager4,890 EUR+28%
Contracts Specialist4,220 EUR+11%
Demand Planner4,430 EUR+16%
Demand Planning Manager5,450 EUR+43%
Digital Procurement Manager4,840 EUR+27%
Distribution Assistant3,460 EUR-9%
Distribution Associate3,780 EUR-1%
Distribution Manager7,880 EUR+110%
E-Commerce Buyer4,340 EUR+14%
E-procurement Specialist4,990 EUR+31%
Freight and Customs Compliance Manager5,090 EUR+34%
Green Procurement Specialist4,180 EUR+10%
Inventory Analyst3,900 EUR+2%
Inventory Analytics Manager3,830 EUR+1%
Inventory Control Clerk2,100 EUR-45%
Inventory Control Manager5,190 EUR+36%
Inventory Management Associate4,410 EUR+16%
Inventory Optimization Manager5,050 EUR+33%
Inventory Specialist4,130 EUR+8%
Logistics Automation Engineer4,390 EUR+15%
Logistics Engineer3,810 EUR+0%
Master Planner4,010 EUR+5%
Material Handler2,350 EUR-38%
Material Planning Specialist3,560 EUR-7%
Merchandise Manager4,680 EUR+23%
Procurement Administrator5,050 EUR+33%
Procurement Agent3,020 EUR-21%
Procurement Analyst5,370 EUR+41%
Procurement Assistant3,090 EUR-19%
Procurement Associate4,410 EUR+16%
Procurement Clerk1,960 EUR-49%
Procurement Engineer3,810 EUR+0%
Procurement Manager8,430 EUR+120%
Procurement Officer1,950 EUR-49%
Procurement Process Analyst4,660 EUR+22%
Procurement Risk Manager4,850 EUR+27%
Procurement Specialist3,880 EUR+2%
Procurement Technology Consultant4,790 EUR+26%
Production Planner4,590 EUR+21%
Project Buyer4,950 EUR+30%
Purchaser6,320 EUR+66%
Purchasing Agent3,400 EUR-11%
Purchasing Assistant2,180 EUR-43%
Purchasing Manager8,380 EUR+120%
Purchasing Officer3,870 EUR+2%
Purchasing Supervisor5,410 EUR+42%
Shipping and Receiving Clerk2,010 EUR-47%
Shipping Coordinator3,840 EUR+1%
Stock Clerk2,050 EUR-46%
Stock Regulator2,470 EUR-35%
Storage Manager5,260 EUR+38%
Store Keeper2,130 EUR-44%
Stores and Logistics Coordinator4,090 EUR+7%
Strategic Sourcing Analyst5,660 EUR+49%
Supplier Diversity Program Manager5,510 EUR+45%
Supplier Relationship Manager5,710 EUR+50%
Supply Chain Analyst5,730 EUR+50%
Supply Chain Coordinator4,520 EUR+19%
Supply Chain Development Manager7,820 EUR+110%
Supply Chain Director8,660 EUR+130%
Supply Chain Manager8,320 EUR+120%
Supply Planner3,790 EUR-0%
Sustainability Procurement Specialist5,200 EUR+37%
Sustainable Sourcing Specialist4,240 EUR+11%
Sustainable Supply Chain Manager6,130 EUR+61%
Third Party Logistics Manager6,360 EUR+67%
Vendor Management Specialist5,800 EUR+52%
Warehouse Assistant1,570 EUR-59%
Warehouse Automation Engineer4,260 EUR+12%
Warehouse Clerk1,780 EUR-53%
Warehouse Executive7,020 EUR+84%
Warehouse Lead4,850 EUR+27%
Warehouse Manager7,460 EUR+96%
Warehouse Supervisor4,840 EUR+27%
Wholesale Buyer6,100 EUR+60%

Salary Comparison By City

CityAverage Salary
Helsinki4,320 EUR

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Finland is 5% on average across all career fields.

Private Sector
4,590 EUR
Public Sector+5%
4,810 EUR
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Procurement Engineer in Finland?

A good and competitive compensation would range anywhere between 3,520 EUR and 4,020 EUR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Procurement Engineer in Finland ranges from 1,900 EUR to 2,890 EUR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


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