Senior Business Manager salary in Iceland

Average Yearly Salary of Senior Business Manager in Iceland is approximately 21,682,573 ISK (151,858 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 Manager do?

A senior business manager is a high-level professional responsible for overseeing and managing various aspects of a company's operations. They are tasked with developing and implementing strategic plans to achieve organizational goals, ensuring efficient use of resources, and driving profitability. They collaborate with other executives to make critical decisions, analyze market trends, and identify opportunities for growth. Senior business managers also play a key role in building and maintaining relationships with clients, stakeholders, and business partners. They lead and motivate teams, monitor performance, and provide guidance and support to ensure successful project completion. Strong leadership, communication, and problem-solving skills are essential for this role.

Skills: Senior Business Manager, Strategic Planning, Resource Management, Profitability, Relationship Building, Leadership
Job industry: Finance

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

Yes, our data show that Senior Business Manager 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 Senior Business Manager?

High salary for Senior Business Manager would be somewhere between 23,850,830 ISK and 31,439,731 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Senior 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: 21,682,573 ISK
Estimated Monthly Salary: 1,806,881 ISK
Estimated Weekly Salary: 416,973 ISK per week
Estimated Hourly Salary: 10,424 ISK per hour
By working as Senior Business Manager a person can save up to 9,926 USD per month or 119,112 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 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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