How much money does a person working in Health and Medical make in Iceland?
Average Monthly Salary
1,020,000 ISK
( 12,300,000 ISK yearly)
LOW
215,000
ISK
AVERAGE
1,020,000
ISK
HIGH
3,070,000
ISK
All salary figures displayed here are per month except when noted otherwise.
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 salary after tax for every career.
A person working in Health and Medical in Iceland typically earns around 1,020,000 ISK. Salaries range from 215,000 ISK (lowest average) to 3,070,000 ISK (highest average, actual maximum salary is higher).
Salary Variance
The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Health and Medical domain in Iceland exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.
Salaries for specific jobs
Health and Medical | |
Academic Clinician | 1,300,000 ISK |
Acute Care Nurse | 595,000 ISK |
Administrative Director | 1,140,000 ISK |
Admitting Clerk | 217,000 ISK |
|
Admitting Manager | 642,000 ISK |
Admitting Officer | 483,000 ISK |
Admitting Representative | 304,000 ISK |
Adult Nurse | 513,000 ISK |
Advanced Nutrition Aide | 930,000 ISK |
Advanced Practice Provider | 881,000 ISK |
Allergist | 1,190,000 ISK |
Ambulance Attendant | 499,000 ISK |
Ambulance Dispatcher | 482,000 ISK |
Ambulance Driver | 443,000 ISK |
Ambulance Officer and Paramedic | 520,000 ISK |
Ambulatory Services Director | 960,000 ISK |
Anatomic Pathology Supervisor | 1,090,000 ISK |
Anesthesia Technician | 690,000 ISK |
Anesthesiologist | 1,970,000 ISK |
Anesthesiology Assistant | 678,000 ISK |
Artificial Intelligence Healthcare Specialist | 839,000 ISK |
Assistant Director of Nursing | 916,000 ISK |
Assistant Occupational Therapist | 508,000 ISK |
Assistant Optometrist | 549,000 ISK |
Assistant Pathologist | 829,000 ISK |
Assistant Physical Therapist | 502,000 ISK |
Audiologist | 1,170,000 ISK |
Behavioral Health Specialist | 764,000 ISK |
Biohacking Expert | 1,020,000 ISK |
Biomedical Engineering Director | 881,000 ISK |
Biomedical Engineering Technician | 462,000 ISK |
Breast Center Manager | 1,960,000 ISK |
Cardiac Sonographer | 740,000 ISK |
Cardiac Technician | 446,000 ISK |
Cardiology Manager | 1,960,000 ISK |
Cardiopulmonary Rehab Spcialist | 731,000 ISK |
Cardiovascular Invasive Specialist | 2,570,000 ISK |
Cardiovascular Perfusionist | 1,640,000 ISK |
Cardiovascular Specialist | 2,480,000 ISK |
Cardiovascular Technologist | 941,000 ISK |
Care Assistant | 431,000 ISK |
Care Coordinator | 305,000 ISK |
Caregiver | 361,000 ISK |
Case Manager | 742,000 ISK |
Central Service Technician | 544,000 ISK |
Central Sterile Processing Technician | 542,000 ISK |
Certified Clinical Research Coordinator | 595,000 ISK |
Certified Medical Assistant | 390,000 ISK |
Certified Nursing Assistant CNA | 462,000 ISK |
Certified Respiratory Therapist | 1,010,000 ISK |
Charge Entry Specialist | 596,000 ISK |
Chief Clinical Transformation Officer | 1,060,000 ISK |
Chief Genomics Officer | 1,460,000 ISK |
Chief Mental Health Officer | 1,820,000 ISK |
Chief Neurotechnology Officer | 1,890,000 ISK |
Chief of Psychology | 1,970,000 ISK |
Chief of Surgery | 2,730,000 ISK |
Chief Population Health Officer | 1,450,000 ISK |
Chiropractor | 755,000 ISK |
Clinic Assistant | 432,000 ISK |
Clinic Manager | 922,000 ISK |
Clinic Navigator | 468,000 ISK |
Clinical Application Specialist | 630,000 ISK |
Clinical Biochemist | 1,080,000 ISK |
Clinical Cytogeneticist | 923,000 ISK |
Clinical Data Reviewer | 629,000 ISK |
Clinical Development Specialist | 785,000 ISK |
Clinical Director | 1,820,000 ISK |
Clinical Documentation Specialist | 987,000 ISK |
Clinical Field Associate | 628,000 ISK |
Clinical Genetic Technologist | 992,000 ISK |
Clinical Laboratory Technician | 575,000 ISK |
Clinical Microbiologist | 1,210,000 ISK |
Clinical Molecular Geneticist | 1,010,000 ISK |
Clinical Neuropsychologist | 1,380,000 ISK |
Clinical Policy Developer | 546,000 ISK |
Clinical Psychologist | 1,960,000 ISK |
Clinical Research Coordinator | 728,000 ISK |
Clinical Scientist | 1,240,000 ISK |
Clinical Social Worker | 499,000 ISK |
Clinician | 1,210,000 ISK |
CME Specialist | 1,060,000 ISK |
Coding Practice Manager | 758,000 ISK |
Community Organizer | 347,000 ISK |
Community Relations Manager | 679,000 ISK |
Company Nurse | 441,000 ISK |
Contact Tracer | 547,000 ISK |
Correctional Treatment Specialist | 1,230,000 ISK |
Counseling Psychologist | 1,550,000 ISK |
Credentialing Analyst | 534,000 ISK |
Critical Care Nurse | 571,000 ISK |
CT Technologist | 590,000 ISK |
Cytogenetic Technologist | 879,000 ISK |
Data Coordinator | 279,000 ISK |
Dental Assistant | 442,000 ISK |
Dental Hygienist | 416,000 ISK |
Dental Laboratory Technician | 398,000 ISK |
Dental Receptionist | 342,000 ISK |
Dental Technician | 416,000 ISK |
Dental Therapist | 631,000 ISK |
Dentist | 1,580,000 ISK |
Dermatologist | 1,890,000 ISK |
Diabetologist | 1,470,000 ISK |
Diagnostic Medical Sonographer | 708,000 ISK |
Dietetic Technician | 431,000 ISK |
Dietitian | 1,310,000 ISK |
Director of Medical Staff Services | 1,170,000 ISK |
Discharge Coordinator | 280,000 ISK |
Dispensing Optician | 579,000 ISK |
District Nurse | 526,000 ISK |
Doctor | 1,600,000 ISK |
Dosimetrist | 836,000 ISK |
EKG Technician | 579,000 ISK |
Emergency and Critical Care Consultant | 1,810,000 ISK |
Emergency Department Physician | 1,430,000 ISK |
Emergency Management Director | 1,640,000 ISK |
Emergency Response Specialist | 655,000 ISK |
Emergency Services Director | 1,700,000 ISK |
Endodontist | 1,920,000 ISK |
Endoscopic Assistant | 543,000 ISK |
Endoscopy Technician | 509,000 ISK |
Enterostomal Therapist | 820,000 ISK |
Epidemiologist | 1,070,000 ISK |
ER Registration Supervisor | 414,000 ISK |
Exercise Physiologist | 1,500,000 ISK |
Family Nurse Practitioner | 577,000 ISK |
FGP Ultrasound Techncian | 531,000 ISK |
Food Services Director | 790,000 ISK |
Forensic Pathologist | 1,650,000 ISK |
General Medical Practitioner | 1,310,000 ISK |
Genetic Counselor | 1,020,000 ISK |
Geriatric Care Technologist | 826,000 ISK |
Head Nurse | 597,000 ISK |
Health Care Assistant | 440,000 ISK |
Health Compliance Director | 1,550,000 ISK |
Health Compliance Manager | 1,010,000 ISK |
Health Data Analyst | 561,000 ISK |
Health Data Privacy Officer | 781,000 ISK |
Health Economist | 1,540,000 ISK |
Health Informatics Specialist | 645,000 ISK |
Health Information Exchange Specialist | 729,000 ISK |
Health Information Management Specialist | 575,000 ISK |
Health Information Manager | 798,000 ISK |
Health Services Manager | 1,420,000 ISK |
Health Systems Specialist | 788,000 ISK |
Health Technologist | 883,000 ISK |
Health Technology Consultant | 778,000 ISK |
Health Unit Coordinator | 471,000 ISK |
Healthcare Analytics Manager | 876,000 ISK |
Healthcare Assistant | 473,000 ISK |
Healthcare Consultant | 889,000 ISK |
Healthcare Data Analyst | 626,000 ISK |
Healthcare Data Scientist | 906,000 ISK |
Healthcare Information Technology Specialist | 841,000 ISK |
Healthcare Practitioner | 1,340,000 ISK |
Healthcare Robotics Engineer | 654,000 ISK |
HealthTech Regulatory Consultant | 665,000 ISK |
Hearing Aid Specialist | 684,000 ISK |
Hemodialysis Technician | 635,000 ISK |
Histology Technician | 554,000 ISK |
Histotechnologist | 793,000 ISK |
Home Health Aide | 471,000 ISK |
Home Health Scheduler | 343,000 ISK |
Home Nurse | 481,000 ISK |
Hospital Chaplain | 566,000 ISK |
ICD-10 Coder | 445,000 ISK |
ICU Registered Nurse | 581,000 ISK |
Immunologist | 1,200,000 ISK |
Industrial Hygienist | 809,000 ISK |
Infection Control Coordinator | 590,000 ISK |
Infection Control Practitioner | 1,340,000 ISK |
Infection Preventionist | 965,000 ISK |
Informatics Nurse Specialist | 565,000 ISK |
Informatics Practice Specialist | 728,000 ISK |
Intake Coordinator | 315,000 ISK |
Intensive Care Registered Nurse | 561,000 ISK |
Internist | 2,010,000 ISK |
Interventional Radiographer | 1,030,000 ISK |
Interventionist | 1,930,000 ISK |
Invasive Cardiologist | 2,570,000 ISK |
Lab Assistant | 505,000 ISK |
Laboratory Manager | 903,000 ISK |
Laboratory Supervisor | 867,000 ISK |
Laboratory Technician | 475,000 ISK |
Lead Patient Account Representative | 597,000 ISK |
Licensed Practical Nurse (LPN) | 496,000 ISK |
Licensed Vocational Nurse LVN | 510,000 ISK |
Lifestyle Medicine Expert | 1,040,000 ISK |
Low Vision Therapist | 1,160,000 ISK |
Mammography Technician | 481,000 ISK |
Managed Care Assistant | 322,000 ISK |
Maternity Services Director | 1,440,000 ISK |
MDS Coordinator | 546,000 ISK |
Medical Administrator | 720,000 ISK |
Medical Assistant | 345,000 ISK |
Medical Biller | 346,000 ISK |
Medical Billing Clerk | 276,000 ISK |
Medical Billing Specialist | 572,000 ISK |
Medical Coder | 452,000 ISK |
Medical Courier | 353,000 ISK |
Medical Director | 1,530,000 ISK |
Medical Equipment Maintenance Manager | 628,000 ISK |
Medical Equipment Preparer | 529,000 ISK |
Medical Forms Designer | 442,000 ISK |
Medical Insurance Manager | 1,120,000 ISK |
Medical Massage Therapist | 708,000 ISK |
Medical Office Administrator | 610,000 ISK |
Medical Office Assistant | 433,000 ISK |
Medical Office Manager | 1,110,000 ISK |
Medical Physicist | 1,410,000 ISK |
Medical Policy Manager | 929,000 ISK |
Medical Policy Specialist | 566,000 ISK |
Medical Project Coordinator | 417,000 ISK |
Medical Records Administrator | 419,000 ISK |
Medical Records Clerk | 205,000 ISK |
Medical Records Coding Manager | 759,000 ISK |
Medical Records Director | 875,000 ISK |
Medical Records Specialist | 412,000 ISK |
Medical Records Transcriptionist | 324,000 ISK |
Medical Scribe | 490,000 ISK |
Medical Secretary | 338,000 ISK |
Medical Social Worker | 448,000 ISK |
Medical Staff Services Specialist | 690,000 ISK |
Medical Technologist | 574,000 ISK |
Medication Aide | 494,000 ISK |
Mental Health Aide | 519,000 ISK |
Mental Health Nurse | 533,000 ISK |
Mental Health Technician | 513,000 ISK |
Mental Health Therapst | 1,170,000 ISK |
Mental Health Worker | 534,000 ISK |
Mobile Phlebotomist | 391,000 ISK |
MRI Technologist | 497,000 ISK |
Music Therapist | 732,000 ISK |
Naturopathic Physician | 1,980,000 ISK |
Neonatal Nurse Practitioner | 751,000 ISK |
Neonatologist | 1,410,000 ISK |
Neurodiagnostic Techncian | 526,000 ISK |
Neurologist | 2,010,000 ISK |
Neurophysiology Technologist | 573,000 ISK |
Neuropsychology Testing Assistant | 467,000 ISK |
Neuroscientist | 1,800,000 ISK |
Nuclear Medical Technician | 690,000 ISK |
Nuclear Medicine Physician | 1,700,000 ISK |
Nuclear Medicine Technolgoist | 715,000 ISK |
Nurse | 499,000 ISK |
Nurse Anesthetist | 521,000 ISK |
Nurse Educator | 617,000 ISK |
Nurse Manager | 1,030,000 ISK |
Nurse Midwife | 599,000 ISK |
Nurse Practitioner | 623,000 ISK |
Nursing Assistant | 455,000 ISK |
Nursing Coordinator | 593,000 ISK |
Nursing Director | 1,190,000 ISK |
Nursing Services Instructor | 572,000 ISK |
Nursing Supervisor | 762,000 ISK |
Nutrition Assistant | 506,000 ISK |
Nutrition Services Aide | 632,000 ISK |
Obstetrician / Gynecologist | 1,780,000 ISK |
Occupaitional Therapy Assistant | 533,000 ISK |
Occupational Health Advisor | 981,000 ISK |
Occupational Health Safety Specialist | 901,000 ISK |
Occupational Therapist | 820,000 ISK |
Oncology Specialty Representative | 617,000 ISK |
Operating Room Scheduler | 456,000 ISK |
Operating Room Services Director | 1,410,000 ISK |
Ophthalmic Assistant | 536,000 ISK |
Ophthalmic Laboratory Technician | 536,000 ISK |
Ophthalmic Medical Technician | 535,000 ISK |
Ophthalmic Technologist | 535,000 ISK |
Ophthalmologist | 1,340,000 ISK |
Optician | 1,100,000 ISK |
Optometrist | 1,330,000 ISK |
Oral Surgeon | 1,950,000 ISK |
Orthodontic Assistant | 428,000 ISK |
Orthodontist | 1,830,000 ISK |
Orthopedic Technician | 526,000 ISK |
Orthoptist | 1,430,000 ISK |
Orthotist | 1,430,000 ISK |
Pathology Assistant | 494,000 ISK |
Patient Account Represenatative | 483,000 ISK |
Patient Advocate | 647,000 ISK |
Patient Care Coordinator | 649,000 ISK |
Patient Care Manager | 978,000 ISK |
Patient Care Services Executive | 773,000 ISK |
Patient Care Technician | 467,000 ISK |
Patient Experience Coordinator | 638,000 ISK |
Patient Management Coordinator | 448,000 ISK |
Patient Registrar | 353,000 ISK |
Patient Relations Manager | 845,000 ISK |
Patient Representative | 477,000 ISK |
Patient Safety Manager | 794,000 ISK |
Patient Safety Specialist | 664,000 ISK |
Patient Services Coordinator | 733,000 ISK |
Patient Services Director | 1,040,000 ISK |
Patient Sitter | 402,000 ISK |
Pediatrician | 1,590,000 ISK |
Perfusionist | 1,580,000 ISK |
Periodontist | 1,910,000 ISK |
Perioperative Aide | 638,000 ISK |
Perioperative Assistant | 637,000 ISK |
Perioperative Nurse | 504,000 ISK |
Personal Support Worker | 422,000 ISK |
Phlebotomist | 403,000 ISK |
Phlebotomy Technician | 394,000 ISK |
Physical Therapist | 1,030,000 ISK |
Physical Therapy Aide | 424,000 ISK |
Physical Therapy Assistant | 424,000 ISK |
Physical Therapy Director | 1,180,000 ISK |
Physician | 1,600,000 ISK |
Physician - Anesthesiology | 2,210,000 ISK |
Physician - Cardiology | 2,360,000 ISK |
Physician - CCU | 1,340,000 ISK |
Physician - Dermatology | 1,890,000 ISK |
Physician - Emergency Room | 1,410,000 ISK |
Physician - Endocrinology | 1,800,000 ISK |
Physician - Family Practice | 1,250,000 ISK |
Physician - Gastroenterology | 1,700,000 ISK |
Physician - Generalist | 1,360,000 ISK |
Physician - Geriatrics | 1,170,000 ISK |
Physician - Hematology / Oncology | 1,640,000 ISK |
Physician - Immunology / Allergy | 1,870,000 ISK |
Physician - Infectious Disease | 1,590,000 ISK |
Physician - Internal Medicine | 1,940,000 ISK |
Physician - Maternal / Fetal Medicine | 1,550,000 ISK |
Physician - Nephrology | 1,900,000 ISK |
Physician - Neurology | 1,900,000 ISK |
Physician - Nuclear Medicine | 1,610,000 ISK |
Physician - Obstetrics / Gynecology | 1,700,000 ISK |
Physician - Occupational Medicine | 1,310,000 ISK |
Physician - Ophthalmology | 1,230,000 ISK |
Physician - Otolaryngology | 1,280,000 ISK |
Physician - Pain Medicine | 1,190,000 ISK |
Physician - Pathology | 1,510,000 ISK |
Physician - Pediatric Cardiology | 1,870,000 ISK |
Physician - Pediatric Neonatology | 1,780,000 ISK |
Physician - Pediatrics | 1,610,000 ISK |
Physician - Physiatry | 1,750,000 ISK |
Physician - Podiatry | 1,610,000 ISK |
Physician - Pulmonary Medicine | 1,270,000 ISK |
Physician - Radiation Therapy | 2,080,000 ISK |
Physician - Radiology | 2,080,000 ISK |
Physician - Rheumatology | 1,830,000 ISK |
Physician - Sports Medicine | 1,810,000 ISK |
Physician - Urology | 2,340,000 ISK |
Physician Assistant | 1,090,000 ISK |
Physiotherapist | 1,220,000 ISK |
Podiatrist | 1,170,000 ISK |
Population Health Manager | 1,040,000 ISK |
Positron Emission Tomography Technologist | 606,000 ISK |
Practice Manager | 1,280,000 ISK |
Pre Authorization Case Manager | 766,000 ISK |
Preventive Medicine Physician | 1,610,000 ISK |
Private Caregiver | 518,000 ISK |
Program Coordinator | 295,000 ISK |
Project Manager | 798,000 ISK |
Prosthetist | 1,260,000 ISK |
Prosthodontist | 1,920,000 ISK |
Psychiatric Nurse | 511,000 ISK |
Psychiatric Technician | 509,000 ISK |
Psychiatrist | 1,720,000 ISK |
Psychololgist | 1,750,000 ISK |
Psychometrician | 1,500,000 ISK |
Psychometrist | 884,000 ISK |
Public Health Analyst | 1,160,000 ISK |
Public Health Physician | 1,350,000 ISK |
Public Health Social Worker | 319,000 ISK |
Public Health Specialist | 1,150,000 ISK |
Pulmonologist | 1,680,000 ISK |
Quality Assurance Manager | 902,000 ISK |
Radiation Therapist | 1,720,000 ISK |
Radiation Therapy Technologist | 739,000 ISK |
Radiographer | 1,140,000 ISK |
Radiography Technologist | 738,000 ISK |
Radiologic Technologist | 762,000 ISK |
Radiologist | 1,800,000 ISK |
Radiology Manager | 1,600,000 ISK |
Radiology Technologist | 710,000 ISK |
Registered Dietitian | 1,220,000 ISK |
Registered Medical Assistant | 355,000 ISK |
Registered Nurse | 544,000 ISK |
Registered Nurse Case Manager | 611,000 ISK |
Registered Respiratory Therapist | 1,100,000 ISK |
Rehabilitation Director | 1,470,000 ISK |
Rehabilitation Services Manager | 1,640,000 ISK |
Remote Patient Monitoring Specialist | 689,000 ISK |
Respiratory Care Practitioner | 1,360,000 ISK |
Respiratory Manager | 1,020,000 ISK |
Respiratory Therapist | 1,060,000 ISK |
Respiratory Therapy Technician | 599,000 ISK |
Robotics Surgical Technician | 749,000 ISK |
School Nurse | 457,000 ISK |
Skin Care Specialist | 955,000 ISK |
Sonographer | 763,000 ISK |
Sonography Technologist | 708,000 ISK |
Speech and Language Pathologist | 1,060,000 ISK |
Staff Nurse | 495,000 ISK |
Surgeon | 1,950,000 ISK |
Surgeon - Burn | 1,870,000 ISK |
Surgeon - Cardiothoracic | 2,570,000 ISK |
Surgeon - Heart Transplant | 2,800,000 ISK |
Surgeon - Neurology | 2,410,000 ISK |
Surgeon - Orthopedic | 2,720,000 ISK |
Surgeon - Pediatric | 2,170,000 ISK |
Surgeon - Plastic Reconstructive | 2,520,000 ISK |
Surgeon - Trauma | 2,010,000 ISK |
Surgical Assistant | 656,000 ISK |
Surgical Instrument Techncian | 608,000 ISK |
Surgical Technologist | 666,000 ISK |
Telehealth Nurse | 481,000 ISK |
Telemedicine Physician | 1,170,000 ISK |
Telemedicine Specialist | 938,000 ISK |
Telephonic Nurse Case Manager | 750,000 ISK |
Theatre Manager | 846,000 ISK |
Therapeutics Specialist | 913,000 ISK |
Treatment Services Director | 1,940,000 ISK |
Ultrasonographer | 610,000 ISK |
Ultrasound Technologist | 540,000 ISK |
Urologist | 2,360,000 ISK |
Utilization Review Nurse | 566,000 ISK |
Vascular Technologist | 515,000 ISK |
Virtual / Augmented Reality Medical Training Specialist | 818,000 ISK |
Virtual / Augmented Reality Therapist | 710,000 ISK |
Vision Rehabilitation Therapist | 1,090,000 ISK |
Ward Manager | 953,000 ISK |
Wellness Coordinator | 654,000 ISK |
X-Ray Technologist | 743,000 ISK |
Health and Medical Jobs Pay Scale and Salaries in Iceland
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/iceland/health-and-medical/median-and-salary-distribution-monthly-iceland-health-and-medical.jpg Salary Structure and Pay Scale Comparison
5% of people earn
1,410,000 ISK or more
10% of people earn
1,110,000 to 1,410,000 ISK
20% of people earn
461,000 ISK or less
65% of people earn
461,000 to 1,110,000 ISK
Minimum Salary 215,000 ISK |
Median 939,000 ISK |
Maximum 3,070,000 ISK |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
All salary figures displayed here are per month except when noted otherwise.
Salary Range, Minimum Wage, and Starting Salary
Salaries in Health and Medical in Iceland range from 215,000 ISK (starting average salary) to 3,070,000 ISK (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.
Median Salary
The median income in the field of Health and Medical is 939,000 ISK, implying that half of the workforce in Iceland earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.
Percentiles and Salary Scale
Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Health and Medical in Iceland earn less than 661,000 ISK, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 1,280,000 ISK, while 25% earn more than that.
Pay Scale Structure
Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Health and Medical in Iceland. The analysis revealed that roughly 65% of all reported salaries fell within the range of 461,000 ISK to 1,110,000 ISK. Approximately 20% of salaries were below the 461,000 ISK mark, while 10% ranged from 1,110,000 ISK to 1,410,000 ISK. Only 5% of individuals earned a gross salary of 1,410,000 ISK or higher.
Salary Comparison by Years of Experience
How does a person's salary progress over time?
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg 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 in Health and Medical in Iceland 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.
Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.
“ On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark. ”
Salary Comparison By Education
How does the education level affect your salary?
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.
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 degree levels across many jobs in Health and Medical in Iceland, 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 certificate 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.
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 3,450,000 ISK to 10,300,000 ISK and lasts approximately two years. That is quite an investment.
Employees can't expect any salary increases during the study period, assuming they 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 to 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 the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.
Salary and Compensation Comparison By Gender / Health and Medical / Iceland
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/iceland/health-and-medical/salary-comparison-by-gender-monthly-iceland-health-and-medical.jpg Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? In the field of Health and Medical in Iceland, the average difference between the salary of male and female employees is 5%.
Male | | 1,050,000 ISK |
Female | -4% | 1,000,000 ISK |
Percentage increase and decrease are relative to the previous value
Salary Comparison By Gender in Iceland for all Careers
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/iceland/salary-comparison-by-gender-monthly-iceland.jpg
Average Annual Salary Increment Percentage / Health and Medical / Iceland
How much are annual salary increments in Iceland for individuals working in Health and Medical? How often do employees get salary raises?
Professionals working in Health and Medical 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.
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/iceland/health-and-medical/annual-salary-increment-rate-iceland-health-and-medical.jpg The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.
Iceland / All Professions
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/iceland/annual-salary-increment-rate-iceland.jpg The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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
“The average salary increase in one year (12 months) in Iceland is 2%.”
Worldwide Salary Raises: All Countries and All Jobs
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg 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.
Bonus and Incentive Rates / Health and Medical / Iceland
How much and how often are bonuses being awarded?Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/iceland/health-and-medical/annual-salary-bonus-rate-iceland-health-and-medical.jpg
61% of surveyed staff in Health and Medical 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.
Received Bonus | | 39% |
No Bonus | | 61% |
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: A graphics designer working for a graphics designing company. | Example: A graphic designer in the marketing department of a hospital. |
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.
“Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.”
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.
Hourly Average Wage / Health and Medical / Iceland
5,910 ISK
per hour The average hourly wage (pay per hour) in Health and Medical in Iceland is 5,910 ISK.This is the rate they get paid for every worked hour.
Hourly Wage = Annual Salary / ( 52 x 5 x 8 )
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 fixed 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 people working in Health and Medical in Iceland is 1,240 ISK. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary Comparison By City
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Iceland is 25% on average across all career fields.
Private Sector | | 614,000 ISK |
Public Sector | +25% | 765,000 ISK |
Percentage increase and decrease are relative to the previous value
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary in Health and Medical in Iceland?
A good and competitive compensation would range anywhere between 939,000 ISK and 1,280,000 ISK. This is a very rough estimate. Experience and education play a very huge part in the 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 salary after tax for every career.
Base / Basic Salary
The base salary for jobs in Health and Medical in Iceland ranges from 215,000 ISK to 661,000 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 with 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 the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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