Professor salary in Iceland

Average Yearly Salary of Professor in Iceland is approximately 18,393,638 ISK (128,043 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 Professor do?

A professor is an academic occupation that involves teaching and conducting research at a university or college. Professors are experts in their respective fields and are responsible for delivering lectures, leading discussions, and evaluating student performance. They design course syllabi, develop curriculum, and provide guidance and mentorship to students. Professors also engage in scholarly activities such as publishing research papers, attending conferences, and participating in academic committees. They may supervise graduate students and collaborate with colleagues on research projects. Additionally, professors often contribute to the academic community by serving as advisors, organizing workshops, and reviewing journal articles. This occupation requires advanced knowledge in a specific subject area, effective communication skills, critical thinking abilities, and a passion for education.

Skills: Education, Research, Teaching, Academia, Mentorship, Scholarly Activities
Job industry: Education

How much does Professor make?

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


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Salary comparison to National average

Is Professor a well paid job?

Yes, our data show that Professor 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 Professor?

High salary for Professor would be somewhere between 20,233,002 ISK and 26,670,775 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Professor 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: 18,393,638 ISK
Estimated Monthly Salary: 1,532,803 ISK
Estimated Weekly Salary: 353,724 ISK per week
Estimated Hourly Salary: 8,843 ISK per hour
By working as Professor a person can save up to 7,941 USD per month or 95,297 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 Professor

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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