It Business Analyst Ii salary in Iceland

Average Yearly Salary of It Business Analyst Ii in Iceland is approximately 13,683,364 ISK (95,077 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 It Business Analyst Ii do?

The occupation of an IT Business Analyst II involves analyzing complex business processes and systems, identifying areas for improvement, and designing and implementing solutions to enhance efficiency and productivity. They collaborate with stakeholders, such as project managers, developers, and end-users, to gather requirements, create functional specifications, and ensure that the final product meets business needs. They also conduct data analysis, identify trends, and provide insights to support decision-making. Additionally, they may assist in user training and provide ongoing support post-implementation.

Skills: IT Business Analyst, Systems Analysis, Process Improvement, Requirements Gathering, Data Analysis, Project Management
Job industry: Information technology

How much does It Business Analyst Ii make?

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


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Salary comparison to National average

Is It Business Analyst Ii a well paid job?

Yes, our data shows that It Business Analyst Ii 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 It Business Analyst Ii?

High salary for It Business Analyst Ii would be somewhere between 15,051,700 ISK and 19,840,878 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as It Business Analyst Ii 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: 13,683,364 ISK
Estimated Monthly Salary: 1,140,280 ISK
Estimated Weekly Salary: 263,142 ISK per week
Estimated Hourly Salary: 6,579 ISK per hour
By working as It Business Analyst Ii a person can save up to 5,194 USD per month or 62,331 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 It Business Analyst Ii

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

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