MANAGEMENT & BUSINESS / SALARY
REYKJAVÍK

SALARY SURVEYS

9

UPDATED
May 2024
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AVERAGE SALARY / YEAR		MOST TYPICAL SALARY / YEAR		Gross income Net (after tax) 136.01 ISK = 1 USD
13,201,936 ISK $97,066 USD		9,792,712 ISK $72,000 USD		Gross income Net (after tax) 136.01 ISK = 1 USD

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Average Salary / Management & Business / Reykjavík

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Average salary for Management & Business / Reykjavík is 13,201,936 ISK per year. The most typical earning is 9,792,712 ISK. All data are based on 9 salary surveys. Salaries are different between men and women. Men receive an average salary of 14,158,630 ISK. Women receive a salary of 9,656,702 ISK.

Based on education, the highest salaries receive people with Masters Degree with salary of 16,062,769 ISK. The second most paid education level is Doctorate Degree with salary of 12,975,344 ISK.

Different experiences affect earning as well. People with 20+ Years of experience receive salary of 21,747,983 ISK. Employees with 12-16 Years of experience receive 13,260,965 ISK.

Levels / Management & Business / Reykjavík (Gross ISK)

Salary Levels (ISK) per Year	Surveys	[%]
408,000 ISK - 679,899 ISK	0	n/a
680,000 ISK - 1,359,999 ISK	0	n/a
1,360,100 ISK - 2,039,999 ISK	0	n/a
2,040,100 ISK - 2,720,099 ISK	0	n/a
2,720,200 ISK - 3,400,099 ISK	0	n/a
3,400,200 ISK - 4,080,199 ISK	0	n/a
4,080,300 ISK - 4,760,199 ISK	0	n/a
4,760,300 ISK - 5,440,299 ISK	1	100% 11.11%
5,440,400 ISK - 6,120,299 ISK	0	n/a
6,120,400 ISK - 6,800,399 ISK	0	n/a
6,800,500 ISK - 7,480,399 ISK	0	n/a
7,480,500 ISK - 8,160,499 ISK	0	n/a
8,160,600 ISK - 8,840,499 ISK	0	n/a
8,840,600 ISK - 9,520,599 ISK	0	n/a
THE MOST TYPICAL SALARY
9,520,700 ISK - 10,200,599 ISK	2	88.89% 22.22%
10,200,700 ISK - 10,880,699 ISK	1	66.67% 11.11%
10,880,800 ISK - 11,560,699 ISK	1	55.56% 11.11%
11,560,800 ISK - 12,240,799 ISK	1	44.44% 11.11%
12,240,900 ISK - 12,920,799 ISK	0	n/a
12,920,900 ISK - 13,600,899 ISK	2	33.33% 22.22%
13,601,000 ISK - 14,280,899 ISK	0	n/a
14,281,000 ISK - 14,960,999 ISK	0	n/a
14,961,100 ISK - 15,640,999 ISK	0	n/a
15,641,100 ISK - 16,321,099 ISK	0	n/a
16,321,200 ISK - 17,001,099 ISK	0	n/a
17,001,200 ISK - 17,681,199 ISK	0	n/a
17,681,300 ISK - 18,361,199 ISK	0	n/a
18,361,300 ISK - 19,041,199 ISK	0	n/a
19,041,400 ISK - 19,721,299 ISK	0	n/a
19,721,400 ISK - 20,401,299 ISK	0	n/a
HIGH SALARIES
20,401,500 ISK - 21,761,399 ISK	0	n/a
21,761,600 ISK - 23,121,499 ISK	0	n/a
23,121,700 ISK - 24,481,599 ISK	0	n/a
24,481,800 ISK - 25,841,699 ISK	0	n/a
25,841,900 ISK - 27,201,799 ISK	0	n/a
27,202,000 ISK - 28,561,899 ISK	0	n/a
28,562,100 ISK - 29,921,999 ISK	0	n/a
29,922,200 ISK - 31,282,099 ISK	0	n/a
31,282,300 ISK - 32,642,199 ISK	0	n/a
32,642,400 ISK - 34,002,299 ISK	1	11.11% 11.11%
34,002,500 ISK - 47,603,499 ISK	0	n/a

Gender / Management & Business / Reykjavík (Gross ISK)

#		Surveys		AVERAGE SALARY / YEAR
1	Men	7	14,158,630 ISK
2	Women	1	9,656,702 ISK

Education / Management & Business / Reykjavík (Gross ISK)

#		Surveys
1	Masters Degree	4	16,062,769 ISK
2	Doctorate Degree	1	12,975,344 ISK
3	Some College	2	10,404,757 ISK
4	Bachelors Degree	2	10,404,757 ISK

Experience / Management & Business / Reykjavík (Gross ISK)

#		Surveys
1	20+ Years	2	21,747,983 ISK
2	12-16 Years	2	13,260,965 ISK
3	8-12 Years	1	11,588,043 ISK
4	16-20 Years	1	11,139,210 ISK
5	4-8 Years	1	10,078,333 ISK
6	2-4 Years	2	7,997,382 ISK

Age / Management & Business / Reykjavík (Gross ISK)

#		Surveys
1	51-55	1	33,839,263 ISK
2	41-45	1	13,532,985 ISK
3	31-35	3	11,751,255 ISK
4	36-40	1	11,139,210 ISK
5	n/a	1	10,078,333 ISK
6	56-60	1	9,656,702 ISK
7	26-30	1	5,277,184 ISK

Work Type / Management & Business / Reykjavík (Gross ISK)

#		Surveys
1	Permanent	7	13,655,393 ISK
2	Contract	1	13,532,985 ISK
3	Self Employed	1	9,656,702 ISK

Careers / Management & Business / Reykjavík (Gross ISK)

#		Surveys
1	General Manager	1	33,839,263 ISK
2	Director	1	13,532,985 ISK
3	Quality Manager	1	12,975,344 ISK
4	Project Manager	1	11,588,043 ISK
5	Operations Manager	1	11,139,210 ISK
6	Office Manager	1	10,717,580 ISK
7	CEO	1	9,656,702 ISK
8	Business Development Manager	2	7,684,559 ISK

People's individual salary examples (surveys)

Compliance Manager

Posted 09 August 2019
Key knowledge and tasks

"Compliance, Risk Management, Quality Management, Safety Management, Internal Audit, Security Management."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	Doctorate Degree	12-16 Years	n/a	12,973,600 ISK

Executive Director It

Posted 19 June 2019
Key knowledge and tasks

"Business unit manager. 130 employees."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	Masters Degree	20+ Years	n/a	33,844,300 ISK

Director

Posted 18 March 2019
Key knowledge and tasks

"Business administration."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	Masters Degree	12-16 Years	n/a	13,537,700 ISK

MANAGEMENT & BUSINESS / SALARY REYKJAVÍK

9

13,201,936 ISK

9,792,712 ISK