Financial Systems Analyst salary in Iceland

Average Yearly Salary of Financial Systems Analyst in Iceland is approximately 13,825,955 ISK (97,290 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 Financial Systems Analyst do?

A financial systems analyst is a professional who specializes in analyzing and improving financial systems within an organization. They are responsible for evaluating the efficiency and effectiveness of financial processes, identifying areas for improvement, and implementing solutions to enhance overall performance. This occupation requires a strong understanding of financial principles, as well as expertise in data analysis, software applications, and business intelligence tools. Financial systems analysts work closely with various stakeholders, including finance managers, IT teams, and end users, to gather requirements, design system enhancements, and ensure seamless integration of financial systems. They also play a crucial role in testing and troubleshooting system issues, providing training and support to users, and ensuring compliance with regulatory standards. Attention to detail, problem-solving skills, and the ability to communicate complex financial concepts to non-financial stakeholders are essential for success in this role.

Skills: Financial analysis, Systems analysis, Data analysis, Financial processes, Business intelligence, Compliance.
Job industry: Finance

How much does Financial Systems Analyst make?

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


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Salary comparison to National average

Is Financial Systems Analyst a well paid job?

Yes, our data shows that Financial Systems 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 Financial Systems Analyst?

High salary for Financial Systems Analyst would be somewhere between 15,208,551 ISK and 20,047,635 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Financial Systems 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: 13,825,955 ISK
Estimated Monthly Salary: 1,152,163 ISK
Estimated Weekly Salary: 265,884 ISK per week
Estimated Hourly Salary: 6,647 ISK per hour
By working as Financial Systems Analyst a person can save up to 5,379 USD per month or 64,544 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 Financial Systems 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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