Operations Research Analyst salary in Iceland

Average Yearly Salary of Operations Research Analyst in Iceland is approximately 17,091,729 ISK (119,333 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 Operations Research Analyst do?

An operations research analyst is a professional who uses advanced mathematical and analytical techniques to solve complex problems and improve decision-making processes within an organization. They analyze data, develop models, and use optimization techniques to identify the most efficient and effective solutions for various operational challenges. Their main goal is to enhance productivity, reduce costs, and maximize overall performance. Operations research analysts work in various industries, such as logistics, manufacturing, healthcare, finance, and government. They gather and analyze data, create mathematical models, and develop algorithms to support decision-making processes. They also collaborate with managers, engineers, and other professionals to implement and evaluate solutions. Additionally, they may present findings and recommendations to stakeholders and provide ongoing support and analysis.

Skills: Operations research analyst, Mathematical modeling, Data analysis, Optimization techniques, Decision-making, Efficiency improvement.
Job industry: Management consulting

How much does Operations Research 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 Operations Research Analyst a well paid job?

Yes, our data shows that Operations Research 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 Operations Research Analyst?

High salary for Operations Research Analyst would be somewhere between 18,800,902 ISK and 24,783,007 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Operations Research 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: 17,091,729 ISK
Estimated Monthly Salary: 1,424,311 ISK
Estimated Weekly Salary: 328,687 ISK per week
Estimated Hourly Salary: 8,217 ISK per hour
By working as Operations Research Analyst a person can save up to 7,216 USD per month or 86,587 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 Operations Research 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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