Senior Budget Analyst salary in Iceland

Average Yearly Salary of Senior Budget Analyst in Iceland is approximately 14,656,332 ISK (102,724 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 Budget Analyst do?

A senior budget analyst is a financial professional responsible for analyzing and managing the budgetary needs of an organization. They play a crucial role in ensuring the efficient allocation of resources and the achievement of financial goals. Their primary responsibilities include developing and implementing budgetary policies, conducting financial analysis to identify areas of improvement, and providing recommendations to senior management on budgetary decisions. They also monitor and track expenses, prepare budget reports, and assist in the development of long-term financial plans. A senior budget analyst must possess excellent analytical skills, attention to detail, and a strong understanding of financial principles. They should have the ability to interpret complex financial data and communicate it effectively to stakeholders. This occupation requires proficiency in financial software and advanced knowledge of budgeting techniques and regulations.

Skills: Senior Budget Analyst, Financial Analysis, Resource Allocation, Financial Planning, Budget Management, Financial Reporting
Job industry: Finance

How much does Senior Budget Analyst make?

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


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Salary comparison to National average

Is Senior Budget Analyst a well paid job?

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

High salary for Senior Budget Analyst would be somewhere between 16,121,965 ISK and 21,251,681 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Senior Budget Analyst 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: 14,656,332 ISK
Estimated Monthly Salary: 1,221,361 ISK
Estimated Weekly Salary: 281,853 ISK per week
Estimated Hourly Salary: 7,046 ISK per hour
By working as Senior Budget Analyst a person can save up to 5,832 USD per month or 69,978 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 Budget Analyst

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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