Business Manager Medical Office salary in Iceland

Average Yearly Salary of Business Manager Medical Office in Iceland is approximately 11,435,745 ISK (79,742 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 Medical Office do?

A Business Manager in a medical office is responsible for overseeing the administrative and operational aspects of the facility. They ensure smooth functioning by coordinating and supervising various departments, such as finance, human resources, billing, and patient services. The Business Manager develops and implements policies and procedures to optimize efficiency and productivity. They also handle budgeting, financial analysis, and report generation to support decision-making processes. Additionally, they manage staff recruitment, training, and performance evaluation, ensuring a motivated and skilled workforce. The Business Manager liaises with healthcare providers, insurance companies, and regulatory bodies to ensure compliance with legal and industry standards. They may also be involved in marketing and business development activities to attract new patients and maintain existing clientele.

Skills: Business Management, Medical Administration, Healthcare Operations, Financial Analysis, Staff Supervision, Compliance Management
Job industry: Healthcare

How much does Business Manager Medical Office 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 Manager Medical Office a well paid job?

Yes, our data shows that Business Manager Medical Office 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 Medical Office?

High salary for Business Manager Medical Office would be somewhere between 12,579,320 ISK and 16,581,830 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Business Manager Medical Office 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: 11,435,745 ISK
Estimated Monthly Salary: 952,979 ISK
Estimated Weekly Salary: 219,918 ISK per week
Estimated Hourly Salary: 5,498 ISK per hour
By working as Business Manager Medical Office a person can save up to 3,916 USD per month or 46,996 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 Medical Office

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.

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Data as of 2025

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