Senior Management Consultant salary in Iceland

Average Yearly Salary of Senior Management Consultant in Iceland is approximately 20,315,179 ISK (141,206 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 Management Consultant do?

A senior management consultant is a highly experienced professional who provides strategic advice and guidance to organizations in order to improve their overall performance and achieve their business objectives. They work closely with senior executives and stakeholders to identify areas for improvement, develop effective strategies, and implement organizational changes. Senior management consultants conduct extensive research and analysis to understand market trends, competitors, and customer needs. They also assess the organization's internal processes, systems, and structures to identify opportunities for streamlining operations and increasing efficiency. They provide recommendations on organizational design, leadership development, change management, and performance measurement. Through their expertise and industry knowledge, senior management consultants help organizations navigate complex challenges, make informed decisions, and drive growth.

Skills: senior management consultant, strategic advice, organizational performance, business objectives, change management, performance measurement.
Job industry: Management consulting

How much does Senior Management Consultant 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 Management Consultant a well paid job?

Yes, our data show that Senior Management Consultant 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 Management Consultant?

High salary for Senior Management Consultant would be somewhere between 22,346,697 ISK and 29,457,010 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Senior Management Consultant 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: 20,315,179 ISK
Estimated Monthly Salary: 1,692,932 ISK
Estimated Weekly Salary: 390,677 ISK per week
Estimated Hourly Salary: 9,767 ISK per hour
By working as Senior Management Consultant a person can save up to 9,038 USD per month or 108,460 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 Management Consultant

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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