Budget Director salary in Iceland

Average Yearly Salary of Budget Director in Iceland is approximately 19,625,118 ISK (137,714 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 Budget Director do?

A budget director is responsible for overseeing and managing an organization's financial planning and budgeting processes. They analyze financial data, develop budgets, monitor spending, and make recommendations to improve financial efficiency. The budget director collaborates with department heads and executives to ensure that financial goals are met, and they may also provide guidance on financial decision-making. The role requires strong analytical and problem-solving skills, as well as a deep understanding of financial principles and budgeting techniques. Attention to detail and the ability to work under pressure are also crucial in this occupation. Budget directors must have excellent communication and interpersonal skills to effectively collaborate with stakeholders at all levels of the organization.

Skills: budgeting, financial planning, financial analysis, financial management, budget development, financial efficiency.
Job industry: Finance

How much does Budget Director make?

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


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Salary comparison to National average

Is Budget Director a well paid job?

Yes, our data show that Budget Director is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Budget Director?

High salary for Budget Director would be somewhere between 21,587,630 ISK and 28,456,421 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Budget Director 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: 19,625,118 ISK
Estimated Monthly Salary: 1,635,427 ISK
Estimated Weekly Salary: 377,406 ISK per week
Estimated Hourly Salary: 9,435 ISK per hour
By working as Budget Director a person can save up to 8,747 USD per month or 104,968 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 Budget Director

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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