Home > Salary > Iceland > Finance Specialist
A finance specialist is an individual who specializes in financial management and analysis. They are responsible for overseeing the financial health of an organization, including budgeting, forecasting, and financial reporting. They analyze financial data, identify trends, and make recommendations to improve financial performance. Finance specialists also ensure compliance with financial regulations and policies, manage financial risks, and provide strategic financial advice to senior management.
Estimated Yearly Salary: 10,465,449 ISK
Estimated Monthly Salary: 872,121 ISK
Estimated Weekly Salary: 201,259 ISK per week
Estimated Hourly Salary: 5,031 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 841,817 ISK
Estimated Weekly Salary: 194,266 ISK per week
Estimated Hourly Salary: 4,857 ISK per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 72,976 USD
Estimated Monthly Salary: 6,081 USD
Estimated Weekly Salary: 1,403 USD per week
Estimated Hourly Salary: 35 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 10,465,449 ISK
Estimated Monthly Salary: 872,121 ISK
Estimated Weekly Salary: 201,259 ISK per week
Estimated Hourly Salary: 5,031 ISK per hour
By working as Finance Specialist a person can save up to 3,353 USD per month or 40,230 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.
Estimated Yearly Salary for Finance Specialist
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Hvac commissioning engineer (13,975,314 ISK per year, pre-tax.)
Sales specialist (4,586,702 ISK per year, pre-tax.)
Reimbursement supervisor (10,208,055 ISK per year, pre-tax.)
Landscape crew lead (5,630,000 ISK per year, pre-tax.)
Accommodation manager (12,133,583 ISK per year, pre-tax.)
Finance Specialist salary in Iceland
Average Yearly Salary of Finance Specialist in Iceland is approximately 10,465,449 ISK (72,976 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 Finance Specialist do?
A finance specialist is an individual who specializes in financial management and analysis. They are responsible for overseeing the financial health of an organization, including budgeting, forecasting, and financial reporting. They analyze financial data, identify trends, and make recommendations to improve financial performance. Finance specialists also ensure compliance with financial regulations and policies, manage financial risks, and provide strategic financial advice to senior management.
Skills: finance specialist, financial management, financial analysis, budgeting, forecasting, financial reporting
Job industry: Finance
Job industry: Finance
How much does Finance Specialist make?
Salary details
How much does Finance Specialist make?Estimated Yearly Salary: 10,465,449 ISK
Estimated Monthly Salary: 872,121 ISK
Estimated Weekly Salary: 201,259 ISK per week
Estimated Hourly Salary: 5,031 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 10,101,806 ISKEstimated Monthly Salary: 841,817 ISK
Estimated Weekly Salary: 194,266 ISK per week
Estimated Hourly Salary: 4,857 ISK per hour
Last revision of data: 2024-01-03Finance Specialist estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 72,976 USD
Estimated Monthly Salary: 6,081 USD
Estimated Weekly Salary: 1,403 USD per week
Estimated Hourly Salary: 35 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
Please type in your occupation and select desired country to see latest trends in salaries.
Country:
Salary comparison to National average
Iceland, a Nordic island country located in the North Atlantic Ocean, is known for its stunning natural landscapes and unique geological features. With a population of approximately 366,000 people, Iceland is one of the least densely populated countries in Europe. The country covers an area of about 103,000 square kilometers, making it the 18th largest island in the world.
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Finance Specialist job salary compared to average salary in Iceland.
Comparison shows that a person working as Finance Specialist in Iceland earns on average:
1.17 times the average salary (or 117% of average salary).
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Finance Specialist job salary compared to average salary in Iceland.
Comparison shows that a person working as Finance Specialist in Iceland earns on average:
1.17 times the average salary (or 117% of average salary).
Is Finance Specialist a well paid job?
Yes, our data show that Finance Specialist is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Finance Specialist?
High salary for Finance Specialist would be somewhere between 11,511,994 ISK and 15,174,901 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Finance 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: 10,465,449 ISK
Estimated Monthly Salary: 872,121 ISK
Estimated Weekly Salary: 201,259 ISK per week
Estimated Hourly Salary: 5,031 ISK per hour
By working as Finance Specialist a person can save up to 3,353 USD per month or 40,230 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 Finance Specialist
Norway is 101,998 USD
United Kingdom is 47,933 USD
Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Iceland
(101,519,791 ISK per year, pre-tax.)
2. Cardiologist
(84,892,494 ISK per year, pre-tax.)
(82,036,676 ISK per year, pre-tax.)
4. Neurosurgeon
(79,530,435 ISK per year, pre-tax.)
(79,217,486 ISK per year, pre-tax.)
(77,544,423 ISK per year, pre-tax.)
(77,443,218 ISK per year, pre-tax.)
(77,278,803 ISK per year, pre-tax.)
9. Oncologist
(77,260,671 ISK per year, pre-tax.)
(77,231,503 ISK per year, pre-tax.)
Data as of 2025Random salary:
Hvac commissioning engineer (13,975,314 ISK per year, pre-tax.)
Sales specialist (4,586,702 ISK per year, pre-tax.)
Reimbursement supervisor (10,208,055 ISK per year, pre-tax.)
Landscape crew lead (5,630,000 ISK per year, pre-tax.)
Accommodation manager (12,133,583 ISK per year, pre-tax.)
Feedback about these results
Please provide feedback by clicking buttons below if you find any of our salaries erroneous.
Link to this graph - use the following code to display the salary graph on your page:
<a href='https://optisalary.com/salary?country=iceland&job=finance-specialist'><img src='https://optisalary.com/wp-content/graphs/salary/finance-specialist-salary-in-iceland-2025.jpg' alt='finance specialist salary in iceland 2025' title='finance specialist salary in iceland 2025' /></a>
Please note:The salary data presented here are intended for reference purposes solely.
All salary figures on optisalary.com are for reference use exclusively. We gather data from various trusted sources, yet cannot ensure complete accuracy. Before making financial decisions, users should consult additional authoritative sources. Salaries change due to several influences, including negotiation skills, industry demand, and experience levels. We deny any responsibility for misrepresentations in the salary estimates provided here. Your engagement with optisalary.com indicates acceptance of this disclaimer.
All salary data on optisalary.com are for informational purposes only. We gather data from numerous trusted sources, yet cannot ensure complete precision. Before making financial choices, visitors should cross-check with additional verified sources. Salaries change due to several factors, including negotiation skills, industry demand, and experience levels. We deny any responsibility for misrepresentations in the salary information provided here. Your engagement with optisalary.com constitutes agreement of this disclaimer.