Practice Director salary in Iceland

Average Yearly Salary of Practice Director in Iceland is approximately 25,727,161 ISK (179,415 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 Practice Director do?

A Practice Director is a senior-level executive responsible for overseeing the operations and management of a specific practice within a company or organization. They are typically found in professional service firms such as consulting firms, law firms, or healthcare organizations. The Practice Director's main role is to ensure the practice's profitability, growth, and success by developing and implementing strategic plans, managing client relationships, and leading a team of professionals. They are responsible for setting financial targets, monitoring performance metrics, and ensuring that the practice operates efficiently and effectively. The Practice Director also plays a key role in business development activities, including identifying and pursuing new clients and opportunities for growth. They collaborate with other departments and senior leaders to align the practice's goals with the overall business objectives of the organization.

Skills: Practice Director, Senior Executive, Operations Management, Strategic Planning, Client Relationship Management, Team Leadership, Business Development.
Job industry: Healthcare

How much does Practice Director make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Practice Director a well paid job?

Yes, our data show that Practice 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 Practice Director?

High salary for Practice Director would be somewhere between 28,299,877 ISK and 37,304,383 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Practice 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: 25,727,161 ISK
Estimated Monthly Salary: 2,143,930 ISK
Estimated Weekly Salary: 494,753 ISK per week
Estimated Hourly Salary: 12,369 ISK per hour
By working as Practice Director a person can save up to 12,222 USD per month or 146,669 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 Practice 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.

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Data as of 2025

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