Faculty Member salary in Iceland

Average Yearly Salary of Faculty Member in Iceland is approximately 12,170,807 ISK (85,697 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 Faculty Member do?

A faculty member is an academic professional who works in a higher education institution, such as a university or college. They are responsible for teaching courses, conducting research, and providing guidance to students. Faculty members typically hold advanced degrees in their field of expertise and have a deep understanding of the subject matter they teach. They develop curriculum, design lesson plans, and deliver lectures to students. They also assess student performance through exams, assignments, and projects and provide feedback for improvement. Additionally, faculty members engage in scholarly activities such as publishing research papers, attending conferences, and participating in academic committees. They may also mentor and advise students on their academic and career goals. Overall, faculty members play a crucial role in shaping the educational experience of students and contributing to the advancement of knowledge in their respective fields.

Skills: Education, Teaching, Research, Higher Education, Curriculum Development, Student Mentorship
Job industry: Education

How much does Faculty Member make?

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


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

Is Faculty Member a well paid job?

Yes, our data shows that Faculty Member 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 Faculty Member?

High salary for Faculty Member would be somewhere between 13,387,888 ISK and 17,647,670 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Faculty Member 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: 12,170,807 ISK
Estimated Monthly Salary: 1,014,234 ISK
Estimated Weekly Salary: 234,054 ISK per week
Estimated Hourly Salary: 5,851 ISK per hour
By working as Faculty Member a person can save up to 4,413 USD per month or 52,951 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 Faculty Member

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

Random salary:
Philosophy or religion teacher postsecondary (8,506,784 ISK per year, pre-tax.)
Cancer tumor registrar (6,533,393 ISK per year, pre-tax.)
Professional land surveyor (11,071,238 ISK per year, pre-tax.)
Senior regulatory affairs specialist (12,731,901 ISK per year, pre-tax.)
Assembly line foreman (5,772,906 ISK per year, pre-tax.)

Feedback about these results