It Business Analyst Iii salary in Iceland

Average Yearly Salary of It Business Analyst Iii in Iceland is approximately 14,422,612 ISK (100,967 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 Iii do?

The occupation of an IT Business Analyst III involves analyzing and evaluating complex business processes, systems, and user requirements to improve overall efficiency and effectiveness within an organization. They collaborate with stakeholders, including business users, IT teams, and management, to identify and document business needs, objectives, and functional specifications. The IT Business Analyst III conducts thorough research, data analysis, and feasibility studies to recommend innovative solutions and enhancements to existing systems. They also develop detailed project plans, test strategies, and implementation methods while ensuring compliance with industry standards and best practices. This role requires excellent communication and interpersonal skills to effectively convey technical information to non-technical stakeholders. Additionally, the IT Business Analyst III may be responsible for mentoring and guiding junior team members.

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

How much does It Business Analyst Iii 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 Iii a well paid job?

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

High salary for It Business Analyst Iii would be somewhere between 15,864,873 ISK and 20,912,787 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as It Business Analyst Iii 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: 14,422,612 ISK
Estimated Monthly Salary: 1,201,884 ISK
Estimated Weekly Salary: 277,358 ISK per week
Estimated Hourly Salary: 6,934 ISK per hour
By working as It Business Analyst Iii a person can save up to 5,685 USD per month or 68,221 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 Iii

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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