It Business Relationship Manager salary in Iceland

Average Yearly Salary of It Business Relationship Manager in Iceland is approximately 19,968,187 ISK (139,101 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 Relationship Manager do?

The IT Business Relationship Manager (BRM) is responsible for bridging the gap between the IT department and other business functions within an organization. They act as a liaison, understanding the business needs and goals and translating them into IT requirements. The BRM works closely with stakeholders to identify opportunities for technology solutions that can enhance business processes, increase efficiency, and drive innovation. They collaborate with IT teams to develop and implement strategic plans, ensuring alignment between technology initiatives and business objectives. The BRM also plays a crucial role in managing relationships with external vendors, negotiating contracts, and evaluating the performance of IT services. This role requires strong communication and interpersonal skills, as well as a deep understanding of both business and technology.

Skills: IT, Business Relationship Management, Liaison, Strategic Planning, Vendor Management, Communication Skills
Job industry: It services

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

Yes, our data show that It Business Relationship 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 It Business Relationship Manager?

High salary for It Business Relationship Manager would be somewhere between 21,965,006 ISK and 28,953,871 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as It Business Relationship 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: 19,968,187 ISK
Estimated Monthly Salary: 1,664,016 ISK
Estimated Weekly Salary: 384,004 ISK per week
Estimated Hourly Salary: 9,600 ISK per hour
By working as It Business Relationship Manager a person can save up to 8,863 USD per month or 106,355 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 Relationship 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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