Home > Salary > Iceland > Professor Of Economics
A professor of economics is an academic professional who specializes in teaching and researching various aspects of the field of economics. They typically work in universities or colleges, where they deliver lectures, lead seminars, and conduct research on economic theories, principles, and policies. Professors of economics are responsible for designing and implementing course curricula, grading assignments and exams, advising students, and supervising graduate students' research projects. They may also publish scholarly articles, books, and papers to contribute to the advancement of economic knowledge.
Estimated Yearly Salary: 18,779,261 ISK
Estimated Monthly Salary: 1,564,938 ISK
Estimated Weekly Salary: 361,140 ISK per week
Estimated Hourly Salary: 9,028 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,506,410 ISK
Estimated Weekly Salary: 347,633 ISK per week
Estimated Hourly Salary: 8,691 ISK per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 131,088 USD
Estimated Monthly Salary: 10,924 USD
Estimated Weekly Salary: 2,521 USD per week
Estimated Hourly Salary: 63 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 18,779,261 ISK
Estimated Monthly Salary: 1,564,938 ISK
Estimated Weekly Salary: 361,140 ISK per week
Estimated Hourly Salary: 9,028 ISK per hour
By working as Professor Of Economics a person can save up to 8,195 USD per month or 98,342 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.
Estimated Yearly Salary for Professor Of Economics
Last revision of data: 2025-01-04
Data as of 2025
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Professor Of Economics salary in Iceland
Average Yearly Salary of Professor Of Economics in Iceland is approximately 18,779,261 ISK (131,088 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 Of Economics do?
A professor of economics is an academic professional who specializes in teaching and researching various aspects of the field of economics. They typically work in universities or colleges, where they deliver lectures, lead seminars, and conduct research on economic theories, principles, and policies. Professors of economics are responsible for designing and implementing course curricula, grading assignments and exams, advising students, and supervising graduate students' research projects. They may also publish scholarly articles, books, and papers to contribute to the advancement of economic knowledge.
Skills: Professor, Economics, Academia, Research, Teaching, Economic Theories
Job industry: Education
Job industry: Education
How much does Professor Of Economics make?
Salary details
How much does Professor Of Economics make?Estimated Yearly Salary: 18,779,261 ISK
Estimated Monthly Salary: 1,564,938 ISK
Estimated Weekly Salary: 361,140 ISK per week
Estimated Hourly Salary: 9,028 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 18,076,916 ISKEstimated Monthly Salary: 1,506,410 ISK
Estimated Weekly Salary: 347,633 ISK per week
Estimated Hourly Salary: 8,691 ISK per hour
Last revision of data: 2024-01-09Professor Of Economics estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 131,088 USD
Estimated Monthly Salary: 10,924 USD
Estimated Weekly Salary: 2,521 USD per week
Estimated Hourly Salary: 63 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Iceland, a Nordic island country located in the North Atlantic Ocean, is known for its stunning natural landscapes and unique geological features. With a population of approximately 366,000 people, Iceland is one of the least densely populated countries in Europe. The country covers an area of about 103,000 square kilometers, making it the 18th largest island in the world.
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Professor Of Economics job salary compared to average salary in Iceland.
Comparison shows that a person working as Professor Of Economics in Iceland earns on average:
2.1 times the average salary (or 210% of average salary).
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Professor Of Economics job salary compared to average salary in Iceland.
Comparison shows that a person working as Professor Of Economics in Iceland earns on average:
2.1 times the average salary (or 210% of average salary).
Is Professor Of Economics a well paid job?
Yes, our data show that Professor Of Economics 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 Of Economics?
High salary for Professor Of Economics would be somewhere between 20,657,187 ISK and 27,229,928 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Professor Of Economics 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: 18,779,261 ISK
Estimated Monthly Salary: 1,564,938 ISK
Estimated Weekly Salary: 361,140 ISK per week
Estimated Hourly Salary: 9,028 ISK per hour
By working as Professor Of Economics a person can save up to 8,195 USD per month or 98,342 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 Of Economics
Norway is 183,296 USD
United Kingdom is 85,792 USD
Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Iceland
(101,519,791 ISK per year, pre-tax.)
2. Cardiologist
(84,892,494 ISK per year, pre-tax.)
(82,036,676 ISK per year, pre-tax.)
4. Neurosurgeon
(79,530,435 ISK per year, pre-tax.)
(79,217,486 ISK per year, pre-tax.)
(77,544,423 ISK per year, pre-tax.)
(77,443,218 ISK per year, pre-tax.)
(77,278,803 ISK per year, pre-tax.)
9. Oncologist
(77,260,671 ISK per year, pre-tax.)
(77,231,503 ISK per year, pre-tax.)
Data as of 2025Random salary:
Financial examiner (13,406,203 ISK per year, pre-tax.)
Full stack developer (17,273,131 ISK per year, pre-tax.)
Director risk management risk control (19,152,559 ISK per year, pre-tax.)
Assistant fire chief (14,355,198 ISK per year, pre-tax.)
Public policy associate (7,275,339 ISK per year, pre-tax.)
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