Associate Business Analyst salary in Iceland

Average Yearly Salary of Associate Business Analyst in Iceland is approximately 11,102,816 ISK (77,957 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 Associate Business Analyst do?

An Associate Business Analyst is responsible for assisting senior business analysts in gathering, analyzing, and documenting business requirements. They work closely with stakeholders to understand their needs and translate them into functional specifications for software development or process improvement projects. They conduct research, perform data analysis, and help identify areas for improvement within the organization. Additionally, they may assist in project planning, testing, and implementation.

Skills: Associate Business Analyst, Business Analysis, Requirements Gathering, Data Analysis, Process Improvement, Project Management
Job industry: Consulting

How much does Associate Business Analyst make?

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


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Salary comparison to National average

Is Associate Business Analyst a well paid job?

Yes, our data shows that Associate Business Analyst 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 Associate Business Analyst?

High salary for Associate Business Analyst would be somewhere between 12,213,098 ISK and 16,099,083 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Associate Business Analyst 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: 11,102,816 ISK
Estimated Monthly Salary: 925,235 ISK
Estimated Weekly Salary: 213,516 ISK per week
Estimated Hourly Salary: 5,338 ISK per hour
By working as Associate Business Analyst a person can save up to 3,768 USD per month or 45,211 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 Associate Business Analyst

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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