Erp Functional Analyst salary in Iceland

Average Yearly Salary of Erp Functional Analyst in Iceland is approximately 11,799,479 ISK (82,176 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 Erp Functional Analyst do?

An ERP (Enterprise Resource Planning) Functional Analyst is responsible for analyzing, designing, and implementing ERP systems within an organization. They work closely with business stakeholders to understand their requirements and translate them into functional specifications for the ERP system. The analyst performs gap analysis to identify any discrepancies between the existing processes and the capabilities of the ERP system, and then recommends and implements solutions to bridge those gaps. They also conduct testing, training, and documentation to ensure smooth adoption and usage of the ERP system. Additionally, they provide ongoing support and troubleshooting for system issues, as well as contribute to system enhancements and upgrades.

Skills: ERP implementation, Business analysis, Functional specifications, Gap analysis, System integration, User training
Job industry: Technology

How much does Erp Functional 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 Erp Functional Analyst a well paid job?

Yes, our data shows that Erp Functional 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 Erp Functional Analyst?

High salary for Erp Functional Analyst would be somewhere between 12,979,427 ISK and 17,109,245 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Erp Functional 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: 11,799,479 ISK
Estimated Monthly Salary: 983,290 ISK
Estimated Weekly Salary: 226,913 ISK per week
Estimated Hourly Salary: 5,673 ISK per hour
By working as Erp Functional Analyst a person can save up to 4,119 USD per month or 49,430 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 Erp Functional 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.

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Data as of 2025

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