Senior Business Analyst salary in Iceland

Average Yearly Salary of Senior Business Analyst in Iceland is approximately 16,685,779 ISK (116,990 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 Business Analyst do?

A senior business analyst is a professional responsible for analyzing and evaluating business processes, systems, and data to identify areas for improvement and recommend strategic solutions. They work closely with stakeholders, including executives and managers, to understand business objectives and translate them into actionable requirements. Senior business analysts conduct in-depth research, gather and analyze data, and develop comprehensive reports and presentations to communicate findings and recommendations to key decision-makers. They also collaborate with cross-functional teams to design and implement effective business strategies, streamline operations, and enhance overall performance. This role requires strong analytical and problem-solving skills, excellent communication and presentation abilities, and a deep understanding of business principles and practices.

Skills: senior business analyst, business analysis, data analysis, process improvement, strategic planning, stakeholder management
Job industry: Consulting

How much does Senior Business Analyst 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 Business Analyst a well paid job?

Yes, our data shows that Senior Business 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 Business Analyst?

High salary for Senior Business Analyst would be somewhere between 18,354,357 ISK and 24,194,380 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Senior Business 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: 16,685,779 ISK
Estimated Monthly Salary: 1,390,482 ISK
Estimated Weekly Salary: 320,880 ISK per week
Estimated Hourly Salary: 8,022 ISK per hour
By working as Senior Business Analyst a person can save up to 7,020 USD per month or 84,244 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 Business 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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