Controller salary in Iceland

Average Yearly Salary of Controller in Iceland is approximately 16,354,999 ISK (114,766 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 Controller do?

A controller is a financial professional responsible for overseeing and managing an organization's financial operations. They play a crucial role in ensuring the accuracy and integrity of financial data, as well as providing strategic guidance to senior management. Controllers are typically involved in budgeting, forecasting, financial analysis, and reporting. They also supervise the accounting department and ensure compliance with relevant laws and regulations. In addition, controllers may be involved in financial planning, risk management, and implementing internal controls.

Skills: finance, accounting, financial management, financial reporting, budgeting, compliance
Job industry: Accounting

How much does Controller make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Controller a well paid job?

Yes, our data shows that Controller 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 Controller?

High salary for Controller would be somewhere between 17,990,499 ISK and 23,714,749 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Controller 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: 16,354,999 ISK
Estimated Monthly Salary: 1,362,917 ISK
Estimated Weekly Salary: 314,519 ISK per week
Estimated Hourly Salary: 7,863 ISK per hour
By working as Controller a person can save up to 6,835 USD per month or 82,020 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 Controller

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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