Group General Manager salary in Iceland

Average Yearly Salary of Group General Manager in Iceland is approximately 20,977,059 ISK (146,089 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 Group General Manager do?

A Group General Manager is a senior executive responsible for overseeing the overall operations and performance of multiple business units within a group or organization. They provide strategic direction, set goals, and ensure that each business unit is aligned with the company's objectives. The Group General Manager works closely with department heads and other senior managers to develop and implement business strategies, monitor financial performance, and drive growth and profitability. Their responsibilities include managing budgets, allocating resources, and ensuring effective communication and collaboration across different business units. They also play a key role in identifying market trends, analyzing competition, and making informed business decisions. Additionally, they are responsible for building and maintaining relationships with key stakeholders, including clients, suppliers, and regulatory bodies.

Skills: Group General Manager, Senior Executive, Operations Management, Strategic Planning, Financial Performance, Business Development
Job industry: Finance

How much does Group General Manager make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Group General Manager a well paid job?

Yes, our data show that Group General Manager is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Group General Manager?

High salary for Group General Manager would be somewhere between 23,074,765 ISK and 30,416,736 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Group General Manager 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: 20,977,059 ISK
Estimated Monthly Salary: 1,748,088 ISK
Estimated Weekly Salary: 403,405 ISK per week
Estimated Hourly Salary: 10,085 ISK per hour
By working as Group General Manager a person can save up to 9,445 USD per month or 113,343 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 Group General Manager

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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