Fri, 30 Sep, 2016 12:05:56 AM FTimes Report, Sep 30 Median of total earnings of full-time wage and salary earners by level of education in 2015. Source: Structure of Earnings 2015, Statistics Finland. The median of total earnings of full-time wage and salary earners was EUR 2,963 per month in 2015, according to Statistics Finland’s Structure of Earnings statistics.
Besides basic pay, total earnings include all bonuses, overtime pay and benefits in kind, but not performance-based bonuses or holiday bonuses. Total earnings are in gross.
Differences by level of education in median earnings were clear in 2015.
The median of total earnings of full-time wage and salary earners with doctorate level education was EUR 4,907 per month, while for those with upper secondary level education, the corresponding earnings were EUR 2,625 per month as per the data.
The Structure of Earnings statistics had 242,922 full-time wage and salary earners with lower-degree level tertiary education in 2015. Their median earnings were EUR 3,077 per month—one half earned more than that and one half less than that.
In another way, 121,461 wage and salary earners with lower-degree level tertiary education earned less than EUR 3,077 per month and 121,461 more than EUR 3,077 per month.
The Structure of Earnings statistics contained around 227,000 full-time wage and salary earners with higher-degree level tertiary education in 2015. Their median earnings amounted to EUR 4,042 per month. The first decile of total earnings was EUR 2,800 per month and the ninth decile EUR 6,664 per month, the statistics show.
The figure indicates how many percentages of wage and salary earners belong to each category of EUR one hundred. For instance, 3.5 per cent of full-time wage and salary earners with higher-degree level tertiary education earned EUR 3,401 to 3,500 per month.
Distribution of full-time wage and salary earners with higher-degree level tertiary education in 2015. Source: Structure of Earnings 2015, Statistics Finland. The earnings distribution of those with higher-degree level tertiary education has a relatively low peak compared to the earnings distribution of those with lower education than that. This means that earnings are not centred close to each other but they vary relatively much.
The median for those aged under 40 was EUR 3,582, while the median for those aged 40 or older was EUR 4,413 per month.
The median of total monthly earnings was highest for those with higher-degree level tertiary education in Health and Welfare (EUR 4,801).
The median for total earnings for those with higher-degree level tertiary education in Social Sciences and Business sand Technology was at around EUR 4,300 to 4,500. Earnings were lowest for wage and salary earners with degrees in Teacher Education and Educational Science, and Humanities and Arts.
Those whose education background is Social Sciences and Business become managers more often than those from other fields of education.
Fourteen per cent of those with higher-degree level tertiary education in the field of Social Sciences and Business worked as managers in 2015.
The most common occupational groups for managers were such as finance managers, sales and marketing managers, and research and development managers.
Eighty-nine per cent of those with degrees from Teacher Education and Educational Science were working as professionals. The high figure is due to the fact that 83 per cent of those with this education worked in teaching.
Forty-four per cent of persons educated in Services belonged to the group "other occupational groups".
The preliminary Structure of Earnings statistics for 2015 provide data on the earnings of around 1.6 million wage and salary earners.
Total earnings of full-time wage and salary earners with higher-degree level tertiary education by field of education in 2015
Distribution of full-time wage and salary earners with higher-degree level tertiary education into different occupational groups by field of education in 2015
Source: Structure of Earnings 2015, Statistics Finland. More News
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