Collection Agent salary in Iceland

Average Yearly Salary of Collection Agent in Iceland is approximately 5,625,344 ISK (39,301 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 Collection Agent do?

A collection agent is a professional responsible for recovering outstanding debts on behalf of companies or financial institutions. Their main role is to contact individuals or businesses who have overdue payments and negotiate payment arrangements, settlements, or repayment plans. Collection agents utilize various communication methods such as phone calls, emails, and letters to reach out to debtors and attempt to collect the owed funds. They must possess excellent negotiation and persuasion skills to convince debtors to fulfill their financial obligations. Additionally, collection agents may also perform skip tracing to locate debtors who have changed their contact information or are intentionally avoiding payment.

Skills: Collection agent, Debt recovery, Negotiation skills, Debt collection, Financial services, Skip tracing
Job industry: Finance

How much does Collection Agent make?

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


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Salary comparison to National average

Is Collection Agent a well paid job?

No, our data shows that Collection Agent is typically not a well-paid job. The salary varies based on experience. Meaning that even though Collection Agent might be a low paying job, with experience the salary might increase to satisfactory levels.

What is considered a high salary for Collection Agent?

High salary for Collection Agent would be somewhere between 6,187,878 ISK and 8,156,749 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Collection Agent 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: 5,625,344 ISK
Estimated Monthly Salary: 468,779 ISK
Estimated Weekly Salary: 108,180 ISK per week
Estimated Hourly Salary: 2,704 ISK per hour
By working as Collection Agent a person can save up to 546 USD per month or 6,555 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 Collection Agent

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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