Medical Director salary in Iceland

Average Yearly Salary of Medical Director in Iceland is approximately 41,910,158 ISK (292,107 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 Medical Director do?

The occupation of a Medical Director involves overseeing and managing all medical activities within a healthcare organization. They are responsible for providing leadership, guidance, and strategic direction to ensure the delivery of high-quality patient care. The Medical Director collaborates with other healthcare professionals, including physicians, nurses, and administrators, to develop and implement policies and procedures that align with regulatory standards and best practices. They also play a crucial role in evaluating and improving the quality of medical services, promoting patient safety, and ensuring compliance with legal and ethical standards.

Skills: Medical Director, Healthcare Management, Leadership, Patient Care, Quality Improvement, Regulatory Compliance
Job industry: Healthcare

How much does Medical Director make?

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


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Salary comparison to National average

Is Medical Director a well paid job?

Yes, our data show that Medical Director 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 Medical Director?

High salary for Medical Director would be somewhere between 46,101,174 ISK and 60,769,729 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Medical Director 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: 41,910,158 ISK
Estimated Monthly Salary: 3,492,513 ISK
Estimated Weekly Salary: 805,965 ISK per week
Estimated Hourly Salary: 20,149 ISK per hour
By working as Medical Director a person can save up to 21,613 USD per month or 259,361 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 Medical Director

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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