Medical Director Psychiatry salary in Iceland

Average Yearly Salary of Medical Director Psychiatry in Iceland is approximately 50,776,018 ISK (354,808 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 Psychiatry do?

The occupation of a Medical Director Psychiatry involves overseeing the psychiatric department of a healthcare facility or organization. They are responsible for providing leadership and guidance to the psychiatric team, ensuring high-quality patient care, and implementing best practices in psychiatric treatment. The medical director collaborates with other healthcare professionals to develop and implement treatment plans, policies, and procedures. They also participate in the recruitment and training of psychiatrists and other staff members, as well as evaluating their performance. Additionally, the medical director psychiatry may be involved in research, teaching, and community outreach activities to promote mental health awareness and education.

Skills: Medical Director, Psychiatry, Mental Health, Leadership, Patient Care, Treatment Planning
Job industry: Healthcare

How much does Medical Director Psychiatry 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 Psychiatry a well paid job?

Yes, our data shows that Medical Director Psychiatry is an extremely 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 Psychiatry?

High salary for Medical Director Psychiatry would be somewhere between 55,853,620 ISK and 73,625,226 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Medical Director Psychiatry 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: 50,776,018 ISK
Estimated Monthly Salary: 4,231,335 ISK
Estimated Weekly Salary: 976,462 ISK per week
Estimated Hourly Salary: 24,412 ISK per hour
By working as Medical Director Psychiatry a person can save up to 26,839 USD per month or 322,062 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 Psychiatry

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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