Business Analyst Software salary in Iceland

Average Yearly Salary of Business Analyst Software in Iceland is approximately 13,509,358 ISK (94,982 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 Software do?

A business analyst software is responsible for analyzing and understanding the requirements of an organization and translating them into functional specifications for software development. They work closely with stakeholders, such as clients, project managers, and software developers, to gather and document business requirements, identify gaps and propose solutions. They conduct feasibility studies, create process models, and define system requirements to ensure that the software meets the needs of the organization. Additionally, they may assist in user acceptance testing, provide training and support to end-users, and participate in post-implementation reviews.

Skills: Business Analyst, Software Development, Requirement Analysis, Functional Specifications, Stakeholder Management, Feasibility Studies
Job industry: Information technology

How much does Business Analyst Software make?

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


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Salary comparison to National average

Is Business Analyst Software a well paid job?

Yes, our data shows that Business Analyst Software 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 Software?

High salary for Business Analyst Software would be somewhere between 14,860,294 ISK and 19,588,569 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Business Analyst Software 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: 13,509,358 ISK
Estimated Monthly Salary: 1,125,780 ISK
Estimated Weekly Salary: 259,795 ISK per week
Estimated Hourly Salary: 6,495 ISK per hour
By working as Business Analyst Software a person can save up to 5,186 USD per month or 62,236 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 Software

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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