Junior Business Analyst salary in Iceland

Average Yearly Salary of Junior Business Analyst in Iceland is approximately 9,814,000 ISK (68,611 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 Junior Business Analyst do?

A junior business analyst is responsible for assisting in the analysis and evaluation of business processes, systems, and data to identify areas for improvement and recommend solutions. They work closely with senior business analysts and other stakeholders to gather requirements, create functional specifications, and develop project plans. Junior business analysts also assist in conducting research, data analysis, and preparing reports to support decision-making processes. They may participate in meetings, workshops, and training sessions to gain a deeper understanding of business operations and industry trends. Additionally, they collaborate with cross-functional teams to ensure that projects are delivered on time and within budget.

Skills: Junior Business Analyst, Business Analysis, Data Analysis, Project Management, Requirements Gathering, Process Improvement.
Job industry: Consulting

How much does Junior Business Analyst make?

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


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Salary comparison to National average

Is Junior Business Analyst a well paid job?

Yes, our data show that Junior Business Analyst is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Junior Business Analyst?

High salary for Junior Business Analyst would be somewhere between 10,795,400 ISK and 14,230,300 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Junior Business Analyst 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: 9,814,000 ISK
Estimated Monthly Salary: 817,833 ISK
Estimated Weekly Salary: 188,731 ISK per week
Estimated Hourly Salary: 4,718 ISK per hour
By working as Junior Business Analyst a person can save up to 2,989 USD per month or 35,865 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 Junior Business Analyst

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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