Consulting Analyst salary in Iceland

Average Yearly Salary of Consulting Analyst in Iceland is approximately 14,020,349 ISK (97,824 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 Consulting Analyst do?

A consulting analyst is a professional who provides expert advice and assistance to organizations in various industries. Their main role is to analyze complex business problems, identify areas for improvement, and recommend effective solutions. They work closely with clients to understand their goals and objectives, gather data and information, and conduct thorough research and analysis. Consulting analysts use their expertise to develop strategies, create models, and provide actionable insights to help organizations make informed decisions. They also assist in implementing and monitoring the recommended solutions, ensuring that they are effectively implemented and delivering the desired outcomes.

Skills: consulting, analysis, problem-solving, strategy development, data analysis, client management
Job industry: Consulting

How much does Consulting Analyst make?

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


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Salary comparison to National average

Is Consulting Analyst a well paid job?

Yes, our data shows that Consulting Analyst 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 Consulting Analyst?

High salary for Consulting Analyst would be somewhere between 15,422,384 ISK and 20,329,506 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Consulting Analyst 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: 14,020,349 ISK
Estimated Monthly Salary: 1,168,362 ISK
Estimated Weekly Salary: 269,622 ISK per week
Estimated Hourly Salary: 6,741 ISK per hour
By working as Consulting Analyst a person can save up to 5,423 USD per month or 65,078 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 Consulting Analyst

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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