Management Analyst salary in Iceland

Average Yearly Salary of Management Analyst in Iceland is approximately 13,223,771 ISK (92,275 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 Management Analyst do?

A management analyst, also known as a management consultant or business analyst, is responsible for analyzing and improving an organization's efficiency and profitability. They assess the company's operations, identify problem areas, and develop strategies to enhance productivity, reduce costs, and increase revenue. Management analysts gather and analyze data, conduct interviews with employees and stakeholders, and evaluate financial statements to understand the organization's current state. They then provide recommendations and develop action plans to implement changes, such as restructuring processes, introducing new technologies, or improving employee training. Additionally, management analysts may assist in project management, facilitate communication between different departments, and monitor the progress of implemented solutions.

Skills: Management analyst, Management consultant, Business analyst, Efficiency improvement, Cost reduction, Revenue enhancement.
Job industry: Management consulting

How much does Management 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 Management Analyst a well paid job?

Yes, our data shows that Management Analyst 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 Management Analyst?

High salary for Management Analyst would be somewhere between 14,546,148 ISK and 19,174,468 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Management 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: 13,223,771 ISK
Estimated Monthly Salary: 1,101,981 ISK
Estimated Weekly Salary: 254,303 ISK per week
Estimated Hourly Salary: 6,358 ISK per hour
By working as Management Analyst a person can save up to 4,961 USD per month or 59,529 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 Management 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.

Top 10 highest salaries in Iceland

Data as of 2025

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