Senior Analyst Compensation salary in Iceland

Average Yearly Salary of Senior Analyst Compensation in Iceland is approximately 17,016,143 ISK (118,913 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 Senior Analyst Compensation do?

The occupation of a Senior Analyst Compensation involves conducting comprehensive analysis and evaluation of compensation programs within an organization. These professionals are responsible for designing, implementing, and managing compensation strategies to attract and retain top talent. They gather and analyze data on industry trends, salary benchmarks, and internal pay structures to ensure the organization's compensation plans remain competitive and aligned with business objectives. Senior Analysts Compensation also collaborate with HR teams and business leaders to develop incentive plans, bonus structures, and performance-based rewards. They provide insights and recommendations to senior management regarding compensation policies and practices, ensuring compliance with legal and regulatory requirements. Strong analytical skills, knowledge of compensation principles, excellent communication abilities, and attention to detail are essential for success in this role.

Skills: Senior Analyst, Compensation, Compensation Analysis, Compensation Programs, Salary Benchmarking, Incentive Plans
Job industry: Finance

How much does Senior Analyst Compensation make?

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


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Salary comparison to National average

Is Senior Analyst Compensation a well paid job?

Yes, our data shows that Senior Analyst Compensation 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 Senior Analyst Compensation?

High salary for Senior Analyst Compensation would be somewhere between 18,717,757 ISK and 24,673,407 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Senior Analyst Compensation 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: 17,016,143 ISK
Estimated Monthly Salary: 1,418,012 ISK
Estimated Weekly Salary: 327,234 ISK per week
Estimated Hourly Salary: 8,181 ISK per hour
By working as Senior Analyst Compensation a person can save up to 7,181 USD per month or 86,167 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 Senior Analyst Compensation

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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