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The Chief Financial Officer (CFO) is a senior executive responsible for managing the financial operations of a company. Their primary role is to oversee the organization's financial planning, budgeting, and reporting. The CFO plays a critical role in strategic decision-making by providing financial analysis and guidance to the CEO and board of directors. They are also responsible for managing the company's investments, ensuring compliance with financial regulations, and assessing and mitigating financial risks. Additionally, the CFO is often involved in mergers and acquisitions, fundraising activities, and investor relations.
Estimated Yearly Salary: 28,999,364 ISK
Estimated Monthly Salary: 2,416,614 ISK
Estimated Weekly Salary: 557,680 ISK per week
Estimated Hourly Salary: 13,942 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 2,339,361 ISK
Estimated Weekly Salary: 539,853 ISK per week
Estimated Hourly Salary: 13,496 ISK per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 202,562 USD
Estimated Monthly Salary: 16,880 USD
Estimated Weekly Salary: 3,895 USD per week
Estimated Hourly Salary: 97 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: 28,999,364 ISK
Estimated Monthly Salary: 2,416,614 ISK
Estimated Weekly Salary: 557,680 ISK per week
Estimated Hourly Salary: 13,942 ISK per hour
By working as Cfo a person can save up to 14,151 USD per month or 169,816 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 Cfo
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Manager circulation (6,959,110 ISK per year, pre-tax.)
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Bankruptcy attorney (14,036,165 ISK per year, pre-tax.)
Paperhanger (9,676,381 ISK per year, pre-tax.)
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Cfo salary in Iceland
Average Yearly Salary of Cfo in Iceland is approximately 28,999,364 ISK (202,562 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 Cfo do?
The Chief Financial Officer (CFO) is a senior executive responsible for managing the financial operations of a company. Their primary role is to oversee the organization's financial planning, budgeting, and reporting. The CFO plays a critical role in strategic decision-making by providing financial analysis and guidance to the CEO and board of directors. They are also responsible for managing the company's investments, ensuring compliance with financial regulations, and assessing and mitigating financial risks. Additionally, the CFO is often involved in mergers and acquisitions, fundraising activities, and investor relations.Skills: Finance, Financial Planning, Budgeting, Financial Reporting, Strategic Decision-making, Risk Management
Job industry: Finance
Job industry: Finance
How much does Cfo make?
Salary details
How much does Cfo make?Estimated Yearly Salary: 28,999,364 ISK
Estimated Monthly Salary: 2,416,614 ISK
Estimated Weekly Salary: 557,680 ISK per week
Estimated Hourly Salary: 13,942 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 28,072,330 ISKEstimated Monthly Salary: 2,339,361 ISK
Estimated Weekly Salary: 539,853 ISK per week
Estimated Hourly Salary: 13,496 ISK per hour
Last revision of data: 2024-01-03Cfo estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 202,562 USD
Estimated Monthly Salary: 16,880 USD
Estimated Weekly Salary: 3,895 USD per week
Estimated Hourly Salary: 97 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 Cfo job salary compared to average salary in Iceland.
Comparison shows that a person working as Cfo in Iceland earns on average:
3.24 times the average salary (or 324% 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 Cfo job salary compared to average salary in Iceland.
Comparison shows that a person working as Cfo in Iceland earns on average:
3.24 times the average salary (or 324% of average salary).
Is Cfo a well paid job?
Yes, our data show that Cfo is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Cfo?
High salary for Cfo would be somewhere between 31,899,300 ISK and 42,049,078 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Cfo 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: 28,999,364 ISK
Estimated Monthly Salary: 2,416,614 ISK
Estimated Weekly Salary: 557,680 ISK per week
Estimated Hourly Salary: 13,942 ISK per hour
By working as Cfo a person can save up to 14,151 USD per month or 169,816 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 Cfo
Norway is 284,496 USD
United Kingdom is 133,940 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:
Manager circulation (6,959,110 ISK per year, pre-tax.)
Chocolatier (4,564,362 ISK per year, pre-tax.)
Bankruptcy attorney (14,036,165 ISK per year, pre-tax.)
Paperhanger (9,676,381 ISK per year, pre-tax.)
Mechatronics engineer (16,374,472 ISK per year, pre-tax.)
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