Business Director salary in Iceland

Average Yearly Salary of Business Director in Iceland is approximately 16,211,898 ISK (113,502 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 Director do?

A business director is a senior-level executive responsible for overseeing the overall operations and performance of a company. They are responsible for developing and implementing strategic plans, setting goals, and ensuring the company's profitability and growth. A business director typically collaborates with other executives and department heads to drive innovation, manage budgets, and allocate resources effectively. They also play a crucial role in building and maintaining relationships with key stakeholders such as clients, investors, and business partners. Additionally, business directors monitor industry trends, competitors, and market conditions to identify opportunities and mitigate risks. They are responsible for making critical decisions, resolving conflicts, and ensuring compliance with legal and regulatory requirements.

Skills: Business strategy, Leadership, Financial management, Strategic planning, Relationship management, Risk mitigation
Job industry: Business administration

How much does Business Director make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Business Director a well paid job?

Yes, our data shows that Business Director 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 Director?

High salary for Business Director would be somewhere between 17,833,088 ISK and 23,507,252 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Business 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: 16,211,898 ISK
Estimated Monthly Salary: 1,350,992 ISK
Estimated Weekly Salary: 311,767 ISK per week
Estimated Hourly Salary: 7,794 ISK per hour
By working as Business Director a person can save up to 6,730 USD per month or 80,756 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 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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