Managing Consultant salary in Iceland

Average Yearly Salary of Managing Consultant in Iceland is approximately 23,705,549 ISK (165,625 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 Managing Consultant do?

A managing consultant is a professional who provides expert advice and guidance to organizations in order to improve their overall performance and achieve their strategic goals. They are responsible for analyzing complex business problems, identifying areas for improvement, and developing and implementing effective solutions. Managing consultants work closely with clients to understand their needs, assess their current processes, and recommend strategies for optimization. They also provide leadership and direction to project teams, ensuring the successful execution of projects within budget and time constraints. Additionally, managing consultants may be involved in business development activities, such as identifying new clients and opportunities, preparing proposals, and building strong relationships with key stakeholders.

Skills: managing consultant, business strategy, problem-solving, project management, process improvement, client relationship management
Job industry: Consulting

How much does Managing Consultant make?

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


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

Is Managing Consultant a well paid job?

Yes, our data show that Managing Consultant 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 Managing Consultant?

High salary for Managing Consultant would be somewhere between 26,076,104 ISK and 34,373,046 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Managing Consultant 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: 23,705,549 ISK
Estimated Monthly Salary: 1,975,462 ISK
Estimated Weekly Salary: 455,876 ISK per week
Estimated Hourly Salary: 11,397 ISK per hour
By working as Managing Consultant a person can save up to 11,073 USD per month or 132,879 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 Managing Consultant

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

Random salary:
Elementary school assistant principal (14,461,447 ISK per year, pre-tax.)
Technical support technician (5,456,562 ISK per year, pre-tax.)
Produce manager (grocery) (4,902,930 ISK per year, pre-tax.)
Aerospace engineer (16,162,861 ISK per year, pre-tax.)
Printing press ink adjuster (4,586,702 ISK per year, pre-tax.)

Feedback about these results