Home > Salary > Iceland > Business Development Executive
A Business Development Executive is responsible for identifying and creating new business opportunities to drive growth and revenue for an organization. They analyze market trends, research potential clients, and develop strategies to expand the company's customer base. They also build and maintain relationships with key stakeholders, negotiate contracts, and collaborate with internal teams to ensure successful implementation of business initiatives. Additionally, they stay updated on industry developments, competitor activities, and emerging market trends to identify potential threats or opportunities.
Estimated Yearly Salary: 15,239,957 ISK
Estimated Monthly Salary: 1,269,996 ISK
Estimated Weekly Salary: 293,076 ISK per week
Estimated Hourly Salary: 7,327 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,231,707 ISK
Estimated Weekly Salary: 284,240 ISK per week
Estimated Hourly Salary: 7,106 ISK per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 107,372 USD
Estimated Monthly Salary: 8,948 USD
Estimated Weekly Salary: 2,065 USD per week
Estimated Hourly Salary: 52 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
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: 15,239,957 ISK
Estimated Monthly Salary: 1,269,996 ISK
Estimated Weekly Salary: 293,076 ISK per week
Estimated Hourly Salary: 7,327 ISK per hour
By working as Business Development Executive a person can save up to 6,219 USD per month or 74,626 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 Development Executive
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Market manager (11,008,284 ISK per year, pre-tax.)
Garment sewer (4,851,093 ISK per year, pre-tax.)
Medical office manager (5,906,830 ISK per year, pre-tax.)
Injection molding engineer (11,909,469 ISK per year, pre-tax.)
Assistant construction superintendent (11,803,077 ISK per year, pre-tax.)
Business Development Executive salary in Iceland
Average Yearly Salary of Business Development Executive in Iceland is approximately 15,239,957 ISK (107,372 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 Development Executive do?
A Business Development Executive is responsible for identifying and creating new business opportunities to drive growth and revenue for an organization. They analyze market trends, research potential clients, and develop strategies to expand the company's customer base. They also build and maintain relationships with key stakeholders, negotiate contracts, and collaborate with internal teams to ensure successful implementation of business initiatives. Additionally, they stay updated on industry developments, competitor activities, and emerging market trends to identify potential threats or opportunities.
Skills: Business Development, Sales, Strategy, Relationship Management, Market Analysis, Negotiation
Job industry: Sales
Job industry: Sales
How much does Business Development Executive make?
Salary details
How much does Business Development Executive make?Estimated Yearly Salary: 15,239,957 ISK
Estimated Monthly Salary: 1,269,996 ISK
Estimated Weekly Salary: 293,076 ISK per week
Estimated Hourly Salary: 7,327 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 14,780,480 ISKEstimated Monthly Salary: 1,231,707 ISK
Estimated Weekly Salary: 284,240 ISK per week
Estimated Hourly Salary: 7,106 ISK per hour
Last revision of data: 2024-01-03Business Development Executive estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 107,372 USD
Estimated Monthly Salary: 8,948 USD
Estimated Weekly Salary: 2,065 USD per week
Estimated Hourly Salary: 52 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %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
Please type in your occupation and select desired country to see latest trends in salaries.
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 Development Executive job salary compared to average salary in Iceland.
Comparison shows that a person working as Business Development Executive in Iceland earns on average:
1.7 times the average salary (or 170% 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 Development Executive job salary compared to average salary in Iceland.
Comparison shows that a person working as Business Development Executive in Iceland earns on average:
1.7 times the average salary (or 170% of average salary).
Is Business Development Executive a well paid job?
Yes, our data shows that Business Development Executive 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 Development Executive?
High salary for Business Development Executive would be somewhere between 16,763,953 ISK and 22,097,938 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Business Development Executive 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: 15,239,957 ISK
Estimated Monthly Salary: 1,269,996 ISK
Estimated Weekly Salary: 293,076 ISK per week
Estimated Hourly Salary: 7,327 ISK per hour
By working as Business Development Executive a person can save up to 6,219 USD per month or 74,626 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 Development Executive
Norway is 149,567 USD
United Kingdom is 70,415 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:
Market manager (11,008,284 ISK per year, pre-tax.)
Garment sewer (4,851,093 ISK per year, pre-tax.)
Medical office manager (5,906,830 ISK per year, pre-tax.)
Injection molding engineer (11,909,469 ISK per year, pre-tax.)
Assistant construction superintendent (11,803,077 ISK per year, pre-tax.)
Feedback about these results
Please provide feedback by clicking buttons below if you find any of our salaries erroneous.
Link to this graph - use the following code to display the salary graph on your page:
<a href='https://optisalary.com/salary?country=iceland&job=business-development-executive'><img src='https://optisalary.com/wp-content/graphs/salary/business-development-executive-salary-in-iceland-2025.jpg' alt='business development executive salary in iceland 2025' title='business development executive salary in iceland 2025' /></a>
Please note:This website aggregates salary data for informational use exclusively.
All salary figures on this website are for reference purposes only. We gather data from numerous trusted databases, yet do not guarantee complete precision. Before making financial decisions, visitors should cross-check with external verified sources. Salaries change due to several influences, including negotiation skills, industry demand, and experience levels. We deny any liability for misrepresentations in the salary information provided here. Your use with this website indicates acceptance of this disclaimer.
Salary details displayed on this website are meant for informational purposes exclusively. Our data comes from various inputs and may not always be up to date. Users should cross-reference salary information through other means before making financial commitments. The figures shown here may fluctuate due to factors such as location, industry standards, and individual skill sets. We cannot warrant that the data displayed is error-free. By using this website, you accept that salary information is offered 'as is' and without assurances.