Home > Salary > Iceland > Business Analyst It
A business analyst in the IT field is responsible for analyzing an organization's business processes and systems, identifying areas of improvement, and recommending solutions to enhance efficiency and productivity. They work closely with stakeholders, including management, IT teams, and end-users, to gather requirements, define project scope, and create functional specifications. Business analysts conduct research, data analysis, and feasibility studies to assess the potential impact of proposed changes. They also play a crucial role in facilitating communication between technical and non-technical teams, ensuring that business objectives are met within budget and time constraints. This occupation requires strong analytical skills, problem-solving abilities, and excellent communication skills.
Estimated Yearly Salary: 13,696,832 ISK
Estimated Monthly Salary: 1,141,403 ISK
Estimated Weekly Salary: 263,401 ISK per week
Estimated Hourly Salary: 6,585 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,098,788 ISK
Estimated Weekly Salary: 253,567 ISK per week
Estimated Hourly Salary: 6,339 ISK per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 95,635 USD
Estimated Monthly Salary: 7,970 USD
Estimated Weekly Salary: 1,839 USD per week
Estimated Hourly Salary: 46 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 13,696,832 ISK
Estimated Monthly Salary: 1,141,403 ISK
Estimated Weekly Salary: 263,401 ISK per week
Estimated Hourly Salary: 6,585 ISK per hour
By working as Business Analyst It a person can save up to 5,241 USD per month or 62,889 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.
Estimated Yearly Salary for Business Analyst It
Last revision of data: 2025-01-04
Data as of 2025
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Business Analyst It salary in Iceland
Average Yearly Salary of Business Analyst It in Iceland is approximately 13,696,832 ISK (95,635 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 Business Analyst It do?
A business analyst in the IT field is responsible for analyzing an organization's business processes and systems, identifying areas of improvement, and recommending solutions to enhance efficiency and productivity. They work closely with stakeholders, including management, IT teams, and end-users, to gather requirements, define project scope, and create functional specifications. Business analysts conduct research, data analysis, and feasibility studies to assess the potential impact of proposed changes. They also play a crucial role in facilitating communication between technical and non-technical teams, ensuring that business objectives are met within budget and time constraints. This occupation requires strong analytical skills, problem-solving abilities, and excellent communication skills.
Skills: Business Analysis, IT, Systems Analysis, Requirements Gathering, Process Improvement, Data Analysis
Job industry: Information technology
Job industry: Information technology
How much does Business Analyst It make?
Salary details
How much does Business Analyst It make?Estimated Yearly Salary: 13,696,832 ISK
Estimated Monthly Salary: 1,141,403 ISK
Estimated Weekly Salary: 263,401 ISK per week
Estimated Hourly Salary: 6,585 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 13,185,458 ISKEstimated Monthly Salary: 1,098,788 ISK
Estimated Weekly Salary: 253,567 ISK per week
Estimated Hourly Salary: 6,339 ISK per hour
Last revision of data: 2024-01-09Business Analyst It estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 95,635 USD
Estimated Monthly Salary: 7,970 USD
Estimated Weekly Salary: 1,839 USD per week
Estimated Hourly Salary: 46 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Iceland, a Nordic island country located in the North Atlantic Ocean, is known for its stunning natural landscapes and unique geological features. With a population of approximately 366,000 people, Iceland is one of the least densely populated countries in Europe. The country covers an area of about 103,000 square kilometers, making it the 18th largest island in the world.
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Business Analyst It job salary compared to average salary in Iceland.
Comparison shows that a person working as Business Analyst It in Iceland earns on average:
1.53 times the average salary (or 153% of average salary).
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Business Analyst It job salary compared to average salary in Iceland.
Comparison shows that a person working as Business Analyst It in Iceland earns on average:
1.53 times the average salary (or 153% of average salary).
Is Business Analyst It a well paid job?
Yes, our data shows that Business Analyst It 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 Business Analyst It?
High salary for Business Analyst It would be somewhere between 15,066,515 ISK and 19,860,406 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Business Analyst It 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: 13,696,832 ISK
Estimated Monthly Salary: 1,141,403 ISK
Estimated Weekly Salary: 263,401 ISK per week
Estimated Hourly Salary: 6,585 ISK per hour
By working as Business Analyst It a person can save up to 5,241 USD per month or 62,889 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 Business Analyst It
Norway is 133,393 USD
United Kingdom is 62,568 USD
Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Iceland
(101,519,791 ISK per year, pre-tax.)
2. Cardiologist
(84,892,494 ISK per year, pre-tax.)
(82,036,676 ISK per year, pre-tax.)
4. Neurosurgeon
(79,530,435 ISK per year, pre-tax.)
(79,217,486 ISK per year, pre-tax.)
(77,544,423 ISK per year, pre-tax.)
(77,443,218 ISK per year, pre-tax.)
(77,278,803 ISK per year, pre-tax.)
9. Oncologist
(77,260,671 ISK per year, pre-tax.)
(77,231,503 ISK per year, pre-tax.)
Data as of 2025Random salary:
Lease administrator (10,633,480 ISK per year, pre-tax.)
General assistant (4,206,345 ISK per year, pre-tax.)
Architectural and civil drafter (7,337,044 ISK per year, pre-tax.)
Software quality assurance engineer (17,594,996 ISK per year, pre-tax.)
Research technician biotechnology (9,144,707 ISK per year, pre-tax.)
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