Guidance Counselor Average Salary in Iceland 2023
How much money does a person working as Guidance Counselor make in Iceland?
LOW
382,000
ISK AVERAGE
830,000
ISK HIGH
1,320,000
ISK
A person working as Guidance Counselor in Iceland typically earns around 830,000 ISK per month. Salaries range from 382,000 ISK (lowest) to 1,320,000 ISK (highest).
This is the average monthly salary including housing, transport, and other benefits. Guidance Counselor salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Guidance Counselor Pay Scale and Salaries in Iceland
Salary Structure and Pay Scale Comparison
787,000 ISK or more
690,000 to 787,000 ISK
475,000 ISK or less
475,000 to 690,000 ISK
 382,000 ISK |
793,000 ISK |
1,320,000 ISK |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Guidance Counselor salaries in Iceland range from 382,000 ISK per month (starting salary) to 1,320,000 ISK per month (maximum salary). This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from all over the country.
Median Salary
The median salary is 793,000 ISK per month, which means that half (50%) of people working as Guidance Counselor(s) are earning less than 793,000 ISK while the other half are earning more than 793,000 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.
Percentiles and Salary Scale
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Guidance Counselor(s) are earning less than 639,000 ISK while 75% of them are earning more than 639,000 ISK. Also from the diagram, 75% of Guidance Counselor(s) are earning less than 914,000 ISK while 25% are earning more than 914,000 ISK.
Pay Scale Structure
We grouped the most common and recurring salaries into brackets to give more insight into what salary to expect. This method is more accurate than just the average salary and gives more insights on how salaries are actually distributed. Around 65% of all reported figures are in the range 475,000 ISK to 690,000 ISK. Approximatly 20% fall under the 475,000 ISK cap. Ten percent of wages are from 690,000 ISK to 787,000 ISK. Only 5% of people grossed 787,000 ISK or more.
Guidance Counselor Salary Comparison by Years of Experience
How does experience and age affect your pay?
Guidance Counselor average salary change by experience in Iceland
| 0 - 2 Years | 433,000 ISK | |
| 2 - 5 Years | +34% | 579,000 ISK |
| 5 - 10 Years | +48% | 855,000 ISK |
| 10 - 15 Years | +22% | 1,040,000 ISK |
| 15 - 20 Years | +9% | 1,140,000 ISK |
| 20+ Years | +8% | 1,230,000 ISK |
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Guidance Counselor salaries by experience level and this is what we found.
Employees with less than two years of experience makes approximately 433,000 ISK per month.
While someone with an experience level between two and five years is expected to earn 579,000 ISK per month, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 855,000 ISK per month, 48% more than someone with two to five years of experience.
Additionally, Guidance Counselor whose expertise span anywhere between ten and fifteen years get a salary equivalent to 1,040,000 ISK per month, 22% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 1,140,000 ISK per month, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 1,230,000 ISK per month, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Guidance Counselor Salary Comparison By Education
How do education levels affect salaries?
Displayed below is the average salary difference between different Guidance Counselor(s) who have the same experience but different education levels.
Guidance Counselor average salary difference by education level in Iceland
| Bachelor's Degree | 494,000 ISK | |
| Master's Degree | +57% | 776,000 ISK |
| PhD | +68% | 1,300,000 ISK |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Guidance Counselor salaries by education level in order to make a comparison.
When the education level is Bachelor's Degree, the average salary is 494,000 ISK per month.
While someone with a Master's Degree gets a salary of 776,000 ISK per month, 57% more than someone having a Bachelor's Degree degree.
People with PhD have an average salary of 1,300,000 ISK per month, 68% more than someone with a Master's Degree.
Is a Master's degree or an MBA worth it? Should you pursue higher education?
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 the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender - Guidance Counselor
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Guidance Counselor employees in Iceland earn 4% less than their female counterparts on average.
| Male | 811,000 ISK | |
| Female | +5% | 849,000 ISK |
Salary Comparison By Gender in Iceland for all Careers
Guidance Counselor Average Annual Salary Increment Percentage in Iceland
How much are annual salary increments in Iceland for Guidance Counselor(s)? How often do employees get salary raises?
Guidance Counselor
Guidance Counselor(s) in Iceland are likely to observe a salary increase of approximately 8% every 30 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.
Iceland / All Professions
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.
How to calculate the salary increment percentage?
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
Annual Increment Rate By Industry 2022
| Banking | 9% | |
| Energy | 9% | |
| Information Technology | 9% | |
| Healthcare | 9% | |
| Travel | 9% | |
| Construction | 9% | |
| Education | 9% |
Listed above are the average annual increase rates for each industry in Iceland for the year 2022. 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.
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Guidance Counselor Bonus and Incentive Rates in Iceland
How much and how often are bonuses being awarded?
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"Guidance Counselor" is considered to be a moderate bonus-based job. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
58% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 42% 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.
| Received Bonus | 42% | |
| No Bonus | 58% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
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.
What makes a position worthy of good bonuses and a high salary?
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. |
Example: | Example: |
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.
Bonus Comparison by Seniority Level
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.
Guidance Counselor Salary Trend and Forecast in Iceland
How are Guidance Counselor salaries changing over time? Listed below is a chart that shows the average salary in recent years.
| Average Salary 2019 | 718,000 ISK | |
| Average Salary 2020 | +4% | 744,000 ISK |
| Average Salary 2021 | +4% | 772,000 ISK |
| Average Salary 2022 | +4% | 800,000 ISK |
Guidance Counselor salaries in Iceland are on the rise in the year 2023 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2022 are 4% higher than those of 2021. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from industry to another.
Guidance Counselor Average Hourly Wage in Iceland
4,790 ISK per hourThe average hourly wage (pay per hour) in Iceland is 4,790 ISK. This means that the average Guidance Counselor in Iceland earns approximately 4,790 ISK for every worked hour.
About The Hourly Pay Rate
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.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for 'Guidance Counselor' in Iceland is 2,200 ISK. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Guidance Counselor VS Other Jobs
The average salary for Guidance Counselor is 9% more than that of Counseling. Also, Counseling salaries are 11% more than those of All Jobs.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Adoption Services Director | 879,000 ISK |  +6% |
| Alcohol and Drug Counselor | 746,000 ISK |  -10% |
| Assistant Instructor | 332,000 ISK | -60% |
| Career Counselor | 816,000 ISK | -2% |
| Consultant | 791,000 ISK | -5% |
| Director of Rehabilitation Services | 1,070,000 ISK | +29% |
| Disability Consultant | 629,000 ISK | -24% |
| Employment Counselor | 815,000 ISK | -2% |
| Family Advocate | 540,000 ISK | -35% |
| Family Services Specialist | 590,000 ISK | -29% |
| Family Support Specialist | 835,000 ISK | +1% |
| Family Youth Worker | 264,000 ISK | -68% |
| Guidance Counselor | 830,000 ISK | +0% |
| Guidance Director | 967,000 ISK | +17% |
| Mental Health Counselor | 915,000 ISK | +10% |
| Programs Coordinator | 439,000 ISK | -47% |
| Psychologist | 1,080,000 ISK | +30% |
| Supervising Counselor | 872,000 ISK | +5% |
| Vocational Rehabilitation Counselor | 832,000 ISK | +0% |
| Youth Advocate | 445,000 ISK | -46% |
| Youth Care Counselor | 853,000 ISK | +3% |
| Youth Care Specialist | 494,000 ISK | -40% |
| Youth Development Manager | 986,000 ISK | +19% |
Salary Comparison By City
| City | Average Salary |
| Reykjavik | 893,000 ISK |
Government vs Private Sector Salary Comparison
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.
| Private Sector | 611,000 ISK | |
| Public Sector | +25% | 763,000 ISK |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for Guidance Counselor in Iceland?
A good and competitive compensation would range anywhere between 793,000 ISK and 914,000 ISK. This is a very rough estimate and your experience and education will play a very huge part into your final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salart after tax for every career.
Base / Basic Salary
The base salary for Guidance Counselor in Iceland is ranges from 639,000 ISK to 914,000 ISK. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range in a grain of salt.
What is the difference between the median and the average salary?
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
