Advisory Board Member salary in Iceland

Average Yearly Salary of Advisory Board Member in Iceland is approximately 8,134,509 ISK (56,759 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 Advisory Board Member do?

An advisory board member is an individual who provides guidance and expertise to an organization or company. They are typically appointed based on their experience, knowledge, and industry insights. The role of an advisory board member is to offer strategic advice and support to help the organization achieve its goals. They may participate in board meetings, provide input on key decisions, and share their expertise on specific areas such as finance, marketing, or technology. Advisory board members often act as mentors and sounding boards for the executive team, offering a fresh perspective and helping to identify opportunities and mitigate risks. They play a crucial role in shaping the organization's direction and ensuring its long-term success.

Skills: Advisory, Board Member, Strategic Advice, Expertise, Guidance, Industry Insights
Job industry: Consulting

How much does Advisory Board Member make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Advisory Board Member a well paid job?

Yes, our data show that Advisory Board Member is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Advisory Board Member?

High salary for Advisory Board Member would be somewhere between 8,947,960 ISK and 11,795,038 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Advisory Board Member 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: 8,134,509 ISK
Estimated Monthly Salary: 677,876 ISK
Estimated Weekly Salary: 156,433 ISK per week
Estimated Hourly Salary: 3,911 ISK per hour
By working as Advisory Board Member a person can save up to 2,001 USD per month or 24,013 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 Advisory Board Member

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

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