Analyst Methods Procedures salary in Iceland

Average Yearly Salary of Analyst Methods Procedures in Iceland is approximately 13,495,320 ISK (95,024 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 Analyst Methods Procedures do?

An analyst is a professional who conducts research, collects data, and analyzes information to provide insights and recommendations for decision-making. They use various methods and procedures to gather and interpret data, such as statistical analysis, data modeling, and qualitative research techniques. Analysts work in various industries, including finance, marketing, healthcare, and technology, and their responsibilities may differ based on the field they specialize in. The occupation of an analyst involves conducting thorough research, identifying trends and patterns, creating reports and presentations, and communicating findings to stakeholders. They often use software tools and programming languages to manipulate and analyze data, and they may also be involved in forecasting and predictive modeling. Attention to detail, critical thinking, and problem-solving skills are essential for analysts to effectively interpret complex data sets and provide meaningful insights.

Skills: Analyst, Research, Data Analysis, Decision-making, Statistics, Reporting
Job industry: Finance

How much does Analyst Methods Procedures make?

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


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Salary comparison to National average

Is Analyst Methods Procedures a well paid job?

Yes, our data shows that Analyst Methods Procedures 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 Analyst Methods Procedures?

High salary for Analyst Methods Procedures would be somewhere between 14,844,852 ISK and 19,568,214 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Analyst Methods Procedures 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: 13,495,320 ISK
Estimated Monthly Salary: 1,124,610 ISK
Estimated Weekly Salary: 259,525 ISK per week
Estimated Hourly Salary: 6,488 ISK per hour
By working as Analyst Methods Procedures a person can save up to 5,190 USD per month or 62,278 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 Analyst Methods Procedures

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.

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Data as of 2025

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