Accounting Manager salary in Iceland

Average Yearly Salary of Accounting Manager in Iceland is approximately 14,646,099 ISK (102,222 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Accounting Manager do?

An accounting manager is responsible for overseeing the financial operations of an organization. They manage the accounting department, ensuring accurate and timely financial reporting, budgeting, and forecasting. They analyze financial data, identify trends, and make recommendations to improve financial performance. Accounting managers also ensure compliance with financial regulations and laws, as well as internal policies and procedures. They may supervise a team of accountants and collaborate with other departments to gather financial information and provide insights for decision-making. Strong analytical skills, attention to detail, and proficiency in accounting software are essential for this role.

Skills: Accounting, Financial Management, Budgeting, Forecasting, Compliance, Team Management
Job industry: Finance

How much does Accounting Manager make?

Difference in salary year over year or average salary increase is approximately 4 %


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

Is Accounting Manager a well paid job?

Yes, our data shows that Accounting Manager is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Accounting Manager?

High salary for Accounting Manager would be somewhere between 16,110,709 ISK and 21,236,844 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Accounting Manager in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 14,646,099 ISK
Estimated Monthly Salary: 1,220,508 ISK
Estimated Weekly Salary: 281,656 ISK per week
Estimated Hourly Salary: 7,041 ISK per hour
By working as Accounting Manager a person can save up to 5,790 USD per month or 69,476 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Accounting Manager

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Iceland

Data as of 2025

Random salary:
Professor of mechanical engineering (16,588,800 ISK per year, pre-tax.)
Surgical technologist (8,932,066 ISK per year, pre-tax.)
Martial arts instructor (3,937,930 ISK per year, pre-tax.)
Benefits supervisor (9,173,288 ISK per year, pre-tax.)
Licensed mental health counselor (6,959,110 ISK per year, pre-tax.)

Feedback about these results