Drug Safety Specialist salary in Iceland

Average Yearly Salary of Drug Safety Specialist in Iceland is approximately 15,631,639 ISK (109,582 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 Specialist do?

A drug safety specialist is a healthcare professional responsible for monitoring and ensuring the safety of pharmaceutical products. They play a crucial role in identifying, evaluating, and managing adverse events and risks associated with drugs. Their primary responsibilities include analyzing data from clinical trials, post-marketing surveillance, and patient reports to identify potential safety concerns. They collaborate with cross-functional teams to develop risk management plans, provide guidance on drug safety regulations, and contribute to the development of drug labeling and product information. Drug safety specialists also interact with regulatory agencies, healthcare professionals, and patients to gather and disseminate safety information.

Skills: drug safety, pharmacovigilance, adverse events, risk management, pharmaceuticals, healthcare.
Job industry: Healthcare

How much does Drug Safety Specialist 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 Specialist a well paid job?

Yes, our data shows that Drug Safety Specialist 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 Drug Safety Specialist?

High salary for Drug Safety Specialist would be somewhere between 17,194,803 ISK and 22,665,877 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Drug Safety Specialist 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: 15,631,639 ISK
Estimated Monthly Salary: 1,302,637 ISK
Estimated Weekly Salary: 300,608 ISK per week
Estimated Hourly Salary: 7,515 ISK per hour
By working as Drug Safety Specialist a person can save up to 6,403 USD per month or 76,836 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 Specialist

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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