Drug Safety Officer salary in Iceland

Average Yearly Salary of Drug Safety Officer in Iceland is approximately 24,735,473 ISK (172,085 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 Drug Safety Officer do?

A drug safety officer is responsible for ensuring the safety and efficacy of pharmaceutical products. They play a crucial role in monitoring and evaluating the adverse effects of drugs, conducting risk assessments, and implementing measures to minimize risks. Their primary objective is to protect public health by closely monitoring the safety profile of drugs throughout their lifecycle. The occupation of a drug safety officer involves collaborating with cross-functional teams, including medical professionals, regulatory authorities, and pharmacovigilance experts. They review and analyze safety data from clinical trials, post-marketing surveillance, and spontaneous reports to identify potential risks and develop risk management strategies. They also contribute to the preparation and submission of safety reports to regulatory agencies.

Skills: Drug Safety Officer, Pharmacovigilance, Risk Assessment, Drug Safety Monitoring, Adverse Event Reporting, Regulatory Compliance.
Job industry: Pharmaceuticals

How much does Drug Safety Officer make?

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


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Salary comparison to National average

Is Drug Safety Officer a well paid job?

Yes, our data show that Drug Safety Officer 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 Drug Safety Officer?

High salary for Drug Safety Officer would be somewhere between 27,209,020 ISK and 35,866,436 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Drug Safety Officer 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: 24,735,473 ISK
Estimated Monthly Salary: 2,061,289 ISK
Estimated Weekly Salary: 475,682 ISK per week
Estimated Hourly Salary: 11,892 ISK per hour
By working as Drug Safety Officer a person can save up to 11,612 USD per month or 139,339 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 Drug Safety Officer

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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