It Business Development Manager salary in Iceland

Average Yearly Salary of It Business Development Manager in Iceland is approximately 16,196,072 ISK (113,104 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 Development Manager do?

The occupation of an IT Business Development Manager involves identifying and acquiring new business opportunities within the IT industry. They are responsible for developing and implementing strategies to increase sales, expand the customer base, and achieve revenue targets. This role requires a strong understanding of the IT market, emerging technologies, and client needs. The IT Business Development Manager is also responsible for building and maintaining relationships with clients, negotiating contracts, and collaborating with internal teams to ensure customer satisfaction. They must possess excellent communication and presentation skills, as well as the ability to analyze market trends and competitor activities.

Skills: IT industry, business development, sales, customer acquisition, relationship management, strategic planning
Job industry: Information technology

How much does It Business Development 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 It Business Development Manager a well paid job?

Yes, our data shows that It Business Development Manager 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 Development Manager?

High salary for It Business Development Manager would be somewhere between 17,815,679 ISK and 23,484,304 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as It Business Development 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: 16,196,072 ISK
Estimated Monthly Salary: 1,349,673 ISK
Estimated Weekly Salary: 311,463 ISK per week
Estimated Hourly Salary: 7,787 ISK per hour
By working as It Business Development Manager a person can save up to 6,697 USD per month or 80,358 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 Development 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.

Top 10 highest salaries in Iceland

Data as of 2025

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