A person working in Information Technology in Iceland typically earns around 690,000 ISK per month. Salaries range from 358,000 ISK (lowest average) to 1,120,000 ISK (highest average, actual maximum salary is higher).
This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Information Technology careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
|Job Title||Average Salary|
|2nd Line Systems Engineer||588,000 ISK|
|ABAP Developer||584,000 ISK|
|Advertising Account Planner||577,000 ISK|
|Android Developer||591,000 ISK|
|Angular Developer||539,000 ISK|
|Application Consultant||740,000 ISK|
|Applications System Specialist||554,000 ISK|
|Artificial Intelligence and Machine Learning Specialist||724,000 ISK|
|Artificial Intelligence Developer||724,000 ISK|
|AS400 Programmer||647,000 ISK|
|Assistant Information Technology Manager||782,000 ISK|
|Assistant Service Delivery Manager||751,000 ISK|
|Avaloq Developer||586,000 ISK|
|BizTalk Developer||641,000 ISK|
|Blockchain Associate||621,000 ISK|
|Blockchain Developer||579,000 ISK|
|Build and Release Engineer||553,000 ISK|
|Business Intelligence Analyst||639,000 ISK|
|Business Intelligence Developer||682,000 ISK|
|Business Objects Developer||619,000 ISK|
|Business Process Consultant||688,000 ISK|
|Business Systems Analyst||588,000 ISK|
|C# Developer||656,000 ISK|
|C++ Developer||660,000 ISK|
|Capacity Planning Manager||844,000 ISK|
|Change Administrator||549,000 ISK|
|Chief Information Security Officer||951,000 ISK|
|Client Delivery Manager||860,000 ISK|
|CMS Developer||546,000 ISK|
|Computer Animator||554,000 ISK|
|Computer Hardware Engineer||546,000 ISK|
|Computer Networks Architect||663,000 ISK|
|Computer Operator||431,000 ISK|
|Computer Technician||496,000 ISK|
|Copy Editor||528,000 ISK|
|CRM Application Administrator||583,000 ISK|
|Cross Platform Security Manager||880,000 ISK|
|Curam Developer||517,000 ISK|
|Data Analyst||619,000 ISK|
|Data Architect||661,000 ISK|
|Data Center Technician||555,000 ISK|
|Data Entry Supervisor||427,000 ISK|
|Data Manager||837,000 ISK|
|Data Modeling Analyst||660,000 ISK|
|Data Quality Analyst||600,000 ISK|
|Data Security Analyst||651,000 ISK|
|Data Security Manager||899,000 ISK|
|Data Warehousing Manager||861,000 ISK|
|Data Warehousing Specialist||625,000 ISK|
|Database Administration Manager||809,000 ISK|
|Database Administrator||665,000 ISK|
|Database Analyst||690,000 ISK|
|Database Developer||672,000 ISK|
|Database Report Writer||621,000 ISK|
|Delivery Manager||648,000 ISK|
|Developer / Programmer||613,000 ISK|
|Development Manager||876,000 ISK|
|Director of Application Development||946,000 ISK|
|Director of Technology||1,050,000 ISK|
|Disaster Recovery Analyst||612,000 ISK|
|Documentation Specialist||552,000 ISK|
|E-Commerce Manager||752,000 ISK|
|E-Commerce Marketing Analyst||719,000 ISK|
|E-Commerce Marketing Manager||782,000 ISK|
|E-Commerce Sales Manager||813,000 ISK|
|E-Commerce Strategy Manager||860,000 ISK|
|Enterprise Architecture Manager||794,000 ISK|
|Enterprise Infrastructure Architect||828,000 ISK|
|Enterprise Infrastructure Manager||972,000 ISK|
|ERP / CRM Technical Consultant||678,000 ISK|
|ERP Analyst||685,000 ISK|
|ERP Project Manager||849,000 ISK|
|Ethical Hacker||571,000 ISK|
|Financial Systems Manager||921,000 ISK|
|Flash Developer||526,000 ISK|
|Front End Developer||515,000 ISK|
|Full Stack Developer||629,000 ISK|
|Functional Analyst||622,000 ISK|
|Game Developer||560,000 ISK|
|GIS Analyst||589,000 ISK|
|GIS Developer||588,000 ISK|
|Global BI Analyst||697,000 ISK|
|Graphical User Interface ( GUI ) Programmer||533,000 ISK|
|Graphics Programmer||525,000 ISK|
|Graphics Web Designer||509,000 ISK|
|Hardware Design Engineer||635,000 ISK|
|Hardware Engineering Manager||912,000 ISK|
|Hardware Technician||507,000 ISK|
|Head of Development||876,000 ISK|
|Help Desk Analyst||582,000 ISK|
|Help Desk Manager||694,000 ISK|
|Help Desk Support||468,000 ISK|
|Helpdesk Manager||710,000 ISK|
|Imaging Programmer||532,000 ISK|
|Informatics Optimization Specialist||647,000 ISK|
|Information Assurance Analyst||654,000 ISK|
|Information Program Director||859,000 ISK|
|Information Security Administrator||728,000 ISK|
|Information Security Analyst||776,000 ISK|
|Information Security Engineer||650,000 ISK|
|Information Security Manager||947,000 ISK|
|Information Security Specialist||777,000 ISK|
|Information Services Consultant||778,000 ISK|
|Information Technology Administrator||521,000 ISK|
|Information Technology Asset Manager||862,000 ISK|
|Information Technology Consultant||779,000 ISK|
|Information Technology Coordinator||500,000 ISK|
|Information Technology Director||1,120,000 ISK|
|Information Technology Infrastructure Engineer||546,000 ISK|
|Information Technology Manager||1,060,000 ISK|
|Information Technology Operations Manager||1,040,000 ISK|
|Information Technology Product Manager||930,000 ISK|
|Information Technology Project Administrator||554,000 ISK|
|Information Technology Project Coordinator||651,000 ISK|
|Information Technology Project Leader||752,000 ISK|
|Information Technology Project Manager||963,000 ISK|
|Information Technology Quality Assurance Manager||737,000 ISK|
|Information Technology Quality Assurance Team Lead (QA)||684,000 ISK|
|Information Technology Quality Specialist||632,000 ISK|
|Information Technology Support||442,000 ISK|
|Information Technology Team Leader||750,000 ISK|
|Information Technology Trainer||644,000 ISK|
|Information Technology Training Analyst||662,000 ISK|
|Interface Design Manager||782,000 ISK|
|Interface Designer||511,000 ISK|
|IOS Developer||680,000 ISK|
|Java Developer||657,000 ISK|
|Lead Developer||760,000 ISK|
|Linux Administrator||640,000 ISK|
|Lotus Domino Administrator||663,000 ISK|
|Lotus Notes Developer||664,000 ISK|
|Mail Server Administrator||582,000 ISK|
|Major Incident Manager||733,000 ISK|
|Managed Service Specialist||626,000 ISK|
|Microsystems Engineer||642,000 ISK|
|Mobile Developer||651,000 ISK|
|Multimedia Developer||531,000 ISK|
|Multimedia Services Manager||708,000 ISK|
|Network Administration Team Lead||752,000 ISK|
|Network Administrator||529,000 ISK|
|Network Analyst||559,000 ISK|
|Network and Infrastructure Manager||990,000 ISK|
|Network Engineer||535,000 ISK|
|Network Engineering Manager||697,000 ISK|
|Network Security Systems Manager||743,000 ISK|
|Network Specialist||588,000 ISK|
|Network Technician||463,000 ISK|
|Nodejs Developer||670,000 ISK|
|NT Systems Administrator||573,000 ISK|
|Numerical Control Programmer||521,000 ISK|
|Online Banking Manager||1,000,000 ISK|
|Online Banking Specialist||747,000 ISK|
|OPS Manager||869,000 ISK|
|Oracle Database Administrator||580,000 ISK|
|Oracle Developer||677,000 ISK|
|Perl Developer||515,000 ISK|
|PHP Developer||538,000 ISK|
|Python Developer||647,000 ISK|
|Records Manager||507,000 ISK|
|Remedy Developer||527,000 ISK|
|Reporting Analyst||635,000 ISK|
|Ruby Developer||577,000 ISK|
|Salesforce Administrator||578,000 ISK|
|Salesforce Developer||476,000 ISK|
|SAP Consultant||677,000 ISK|
|SAS Programmer||544,000 ISK|
|Scrum Master||536,000 ISK|
|SEO Associate||512,000 ISK|
|SEO Manager||772,000 ISK|
|Service Delivery Manager||789,000 ISK|
|Service Level Manager||819,000 ISK|
|Service Support Lead||638,000 ISK|
|SharePoint Administrator||588,000 ISK|
|Sharepoint Consultant||681,000 ISK|
|Sharepoint Developer||684,000 ISK|
|Shift Leader||682,000 ISK|
|SOA Analyst||635,000 ISK|
|SOC Engineer||606,000 ISK|
|Software Analyst||619,000 ISK|
|Software Architect||626,000 ISK|
|Software Development Manager||867,000 ISK|
|Software Engineer||634,000 ISK|
|Software QA Engineer||603,000 ISK|
|Software Sales||566,000 ISK|
|Software Specialist||575,000 ISK|
|Software Support Engineer||535,000 ISK|
|Software Test Engineer||569,000 ISK|
|Solutions Architect||849,000 ISK|
|Storage Engineer||508,000 ISK|
|Support Analyst||582,000 ISK|
|Support Specialist||615,000 ISK|
|System Administrator||572,000 ISK|
|Systems Analyst||617,000 ISK|
|Systems Architect||633,000 ISK|
|Systems Consultant||777,000 ISK|
|Systems Engineer||528,000 ISK|
|Systems Integrator||636,000 ISK|
|Technical Analyst||540,000 ISK|
|Technical Consultant||731,000 ISK|
|Technical Manager||665,000 ISK|
|Technical Project Manager||826,000 ISK|
|Technical Sales||606,000 ISK|
|Technical Trainer||638,000 ISK|
|Technical Writer||556,000 ISK|
|Technology Business Analyst||654,000 ISK|
|Technology Director||1,050,000 ISK|
|Technology Specialist||817,000 ISK|
|Teradata Developer||515,000 ISK|
|Test Analyst||597,000 ISK|
|Testing Manager||809,000 ISK|
|TIBCO Developer||522,000 ISK|
|UNIX Administrator||637,000 ISK|
|Usability Engineer||626,000 ISK|
|User Experience Consultant||655,000 ISK|
|User Experience Design Expert||684,000 ISK|
|User Experience Designer||562,000 ISK|
|User Experience Researcher||689,000 ISK|
|User Interface Designer||624,000 ISK|
|VB Developer||467,000 ISK|
|VB.NET Developer||616,000 ISK|
|Video Game Designer||563,000 ISK|
|Visual Information Specialist||594,000 ISK|
|Web Applications Manager||723,000 ISK|
|Web Content Specialist||690,000 ISK|
|Web Designer||540,000 ISK|
|Web Developer||547,000 ISK|
|Web Editor||507,000 ISK|
|Web Project Manager||723,000 ISK|
|Web Promotions Specialist||601,000 ISK|
|Web Security Administrator||624,000 ISK|
|Web Security Manager||900,000 ISK|
|Web Support Analyst||488,000 ISK|
|Web Writer||489,000 ISK|
|Windows System Administrator||571,000 ISK|
|Wireless Consultant||743,000 ISK|
|Writer and Documentor||547,000 ISK|
Information Technology salaries in Iceland range from 358,000 ISK per month (minimum average salary) to 1,120,000 ISK per month (maximum average salary, actual maximum is higher).
The median salary is 745,000 ISK per month, which means that half (50%) of people working in Information Technology are earning less than 745,000 ISK while the other half are earning more than 745,000 ISK. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Information Technology are earning less than 496,000 ISK while 75% of them are earning more than 496,000 ISK. Also from the diagram, 75% of people working in Information Technology are earning less than 1,010,000 ISK while 25% are earning more than 1,010,000 ISK.
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.
Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.
Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.
As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.
Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.
It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.
Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.
Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.
Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.
Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.
A Master's degree program or any post-graduate program in Iceland costs anywhere from 3,440,000 Iceland Krona(s) to 10,300,000 Iceland Krona(s) and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Iceland who work in Information Technology earn 5% more than their female counterparts on average.
Information Technology professionals in Iceland are likely to observe a salary increase of approximately 5% every 28 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.
The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency
Listed above are the average annual increase rates for each industry in Iceland for the year 2021. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.
Information Technology is considered to be a moderate bonus-based field due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
61% of surveyed staff in Information Technology reported that they haven't received any bonuses or incentives in the previous year while 39% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.
The most standard form of bonus where the employee is awarded based on their exceptional performance.Company Performance Bonuses
Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.Goal-Based Bonuses
Granted upon achieving an important goal or milestone.Holiday / End of Year Bonuses
These types of bonuses are given without a reason and usually resemble an appreciation token.
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
The main two types of jobs
|Revenue Generators||Supporting Cast|
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.
Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
The average salary for Information Technology is 0% more than that of All Jobs.
Where can you get paid more, working for a private company or for the government? Public sector employees in Iceland earn 25% more than their private sector counterparts on average across all sectors.