School Business Manager salary in Iceland

Average Yearly Salary of School Business Manager in Iceland is approximately 11,189,914 ISK (78,803 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 School Business Manager do?

A school business manager is responsible for overseeing the financial and administrative operations of a school or educational institution. They play a crucial role in managing budgets, ensuring compliance with financial regulations, and developing financial strategies to support the school's objectives. The occupation involves tasks such as preparing financial reports, monitoring income and expenditure, managing payroll and accounts payable/receivable, and coordinating procurement processes. Additionally, school business managers may also be involved in strategic planning, human resources management, and facilities management. They work closely with school leadership, staff, and external stakeholders to ensure the efficient and effective use of resources and to support the overall functioning of the school.

Skills: School business manager, Financial management, Administrative operations, Budgeting, Compliance, Strategic planning
Job industry: Education

How much does School Business Manager make?

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


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Salary comparison to National average

Is School Business Manager a well paid job?

Yes, our data shows that School Business Manager 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 School Business Manager?

High salary for School Business Manager would be somewhere between 12,308,905 ISK and 16,225,375 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as School Business Manager 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: 11,189,914 ISK
Estimated Monthly Salary: 932,493 ISK
Estimated Weekly Salary: 215,191 ISK per week
Estimated Hourly Salary: 5,380 ISK per hour
By working as School Business Manager a person can save up to 3,838 USD per month or 46,057 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 School Business Manager

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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