Home > Salary > Iceland > Business Manager
A business manager is responsible for overseeing the daily operations and overall performance of a company or organization. They are responsible for setting goals, developing strategies, and implementing plans to achieve financial success and growth. Business managers analyze market trends, identify opportunities, and make informed decisions to improve profitability and efficiency. They also manage budgets, allocate resources, and ensure compliance with regulations and policies. Additionally, they provide leadership and guidance to employees, fostering a positive work environment and promoting teamwork.
Estimated Yearly Salary: 12,312,214 ISK
Estimated Monthly Salary: 1,026,018 ISK
Estimated Weekly Salary: 236,773 ISK per week
Estimated Hourly Salary: 5,919 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 992,456 ISK
Estimated Weekly Salary: 229,028 ISK per week
Estimated Hourly Salary: 5,726 ISK per hour
Last revision of data: 2024-01-05
Estimated Yearly Salary: 86,055 USD
Estimated Monthly Salary: 7,171 USD
Estimated Weekly Salary: 1,655 USD per week
Estimated Hourly Salary: 41 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: 12,312,214 ISK
Estimated Monthly Salary: 1,026,018 ISK
Estimated Weekly Salary: 236,773 ISK per week
Estimated Hourly Salary: 5,919 ISK per hour
By working as Business Manager a person can save up to 4,442 USD per month or 53,309 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 Manager
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Business Manager salary in Iceland
Average Yearly Salary of Business Manager in Iceland is approximately 12,312,214 ISK (86,055 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 Manager do?
A business manager is responsible for overseeing the daily operations and overall performance of a company or organization. They are responsible for setting goals, developing strategies, and implementing plans to achieve financial success and growth. Business managers analyze market trends, identify opportunities, and make informed decisions to improve profitability and efficiency. They also manage budgets, allocate resources, and ensure compliance with regulations and policies. Additionally, they provide leadership and guidance to employees, fostering a positive work environment and promoting teamwork.
Skills: Business management, Leadership, Strategic planning, Financial analysis, Operations management, Team building
Job industry: Business administration
Job industry: Business administration
How much does Business Manager make?
Salary details
How much does Business Manager make?Estimated Yearly Salary: 12,312,214 ISK
Estimated Monthly Salary: 1,026,018 ISK
Estimated Weekly Salary: 236,773 ISK per week
Estimated Hourly Salary: 5,919 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 11,909,469 ISKEstimated Monthly Salary: 992,456 ISK
Estimated Weekly Salary: 229,028 ISK per week
Estimated Hourly Salary: 5,726 ISK per hour
Last revision of data: 2024-01-05Business Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 86,055 USD
Estimated Monthly Salary: 7,171 USD
Estimated Weekly Salary: 1,655 USD per week
Estimated Hourly Salary: 41 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
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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 Manager job salary compared to average salary in Iceland.
Comparison shows that a person working as Business Manager in Iceland earns on average:
1.38 times the average salary (or 138% 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 Manager job salary compared to average salary in Iceland.
Comparison shows that a person working as Business Manager in Iceland earns on average:
1.38 times the average salary (or 138% of average salary).
Is Business Manager a well paid job?
Yes, our data shows that Business Manager 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 Manager?
High salary for Business Manager would be somewhere between 13,543,435 ISK and 17,852,710 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Business Manager 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: 12,312,214 ISK
Estimated Monthly Salary: 1,026,018 ISK
Estimated Weekly Salary: 236,773 ISK per week
Estimated Hourly Salary: 5,919 ISK per hour
By working as Business Manager a person can save up to 4,442 USD per month or 53,309 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 Manager
Norway is 121,071 USD
United Kingdom is 56,795 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:
Nurse practitioner (21,171,106 ISK per year, pre-tax.)
Cardiologist (68,913,320 ISK per year, pre-tax.)
Orthotic and prosthetic technician (o and p technician) (5,548,812 ISK per year, pre-tax.)
Agency service representative (7,338,769 ISK per year, pre-tax.)
Counter and rental clerk (5,189,313 ISK per year, pre-tax.)
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