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Teaching / Education Average Salaries in Iceland 2022

How much money does a person working in Teaching / Education make in Iceland?


Average Monthly Salary
729,000 ISK
( 8,750,000 ISK yearly)

LOW
349,000
ISK
AVERAGE
729,000
ISK
HIGH
1,330,000
ISK

A person working in Teaching / Education in Iceland typically earns around 729,000 ISK per month. Salaries range from 349,000 ISK (lowest average) to 1,330,000 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 Teaching / Education careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Salaries for specific jobs

Job TitleAverage Salary
Academic Advisor662,000 ISK
Academic Coach701,000 ISK
Academic Manager816,000 ISK
Academic Specialist615,000 ISK
Academic Staff532,000 ISK
Accompanist583,000 ISK
Achievement Coach697,000 ISK
Admissions Specialist606,000 ISK
Agricultural Sciences Teacher527,000 ISK
Anthropology Teacher530,000 ISK
Arabic Language Teacher535,000 ISK
Archeology Teacher536,000 ISK
Architecture Teacher582,000 ISK
Archivist459,000 ISK
Art Teacher482,000 ISK
Assistant School Principal675,000 ISK
Assistant Teacher465,000 ISK
Biochemistry Professor 913,000 ISK
Biology Teacher527,000 ISK
Bursary Scheme Manager602,000 ISK
Business Teacher564,000 ISK
Chemistry Teacher503,000 ISK
Child Care Coordinator518,000 ISK
Child Care Worker417,000 ISK
Clinical School Psychologist825,000 ISK
College Aide704,000 ISK
College and Career Readiness Specialist745,000 ISK
College President1,200,000 ISK
Communications Teacher568,000 ISK
Community Education Officer442,000 ISK
Computer Science Teacher530,000 ISK
Computer Teacher545,000 ISK
Creative Writing Trainer634,000 ISK
Credit Counselor663,000 ISK
Cultural Studies Teacher523,000 ISK
Curriculum Developer684,000 ISK
Curriculum Specialist691,000 ISK
Demonstrator504,000 ISK
Deputy Controller of Examinations667,000 ISK
Director of Learning Technology755,000 ISK
Distance Learning Coordinator576,000 ISK
Economics Lecturer905,000 ISK
Education Administrator641,000 ISK
Education Assistant Director675,000 ISK
Education Assistant Principal560,000 ISK
Education Assistant Professor779,000 ISK
Education Consultant777,000 ISK
Education Coordinator557,000 ISK
Education Counselor611,000 ISK
Education Director924,000 ISK
Education Program Specialist723,000 ISK
Education Researcher816,000 ISK
Education Resource Specialist620,000 ISK
Education Services Facilitator653,000 ISK
Educational Psychologist882,000 ISK
EFL Teacher532,000 ISK
eLearning Trainer485,000 ISK
Elementary School Teacher464,000 ISK
Engineering Lecturer940,000 ISK
Engineering Teacher782,000 ISK
English Teacher524,000 ISK
ESL Teacher570,000 ISK
Faculty Assistant689,000 ISK
Foreign Language Teacher491,000 ISK
GED Teacher473,000 ISK
Geography Teacher545,000 ISK
Head of Mathematics Department716,000 ISK
Head of School935,000 ISK
High School Teacher582,000 ISK
History Teacher578,000 ISK
Infant Teacher401,000 ISK
Instructional Assistant584,000 ISK
Instructor636,000 ISK
Kindergarten Teacher428,000 ISK
Language Instructor For Expatriate467,000 ISK
Law Teacher745,000 ISK
Learning Designer672,000 ISK
Lecturer917,000 ISK
Librarian467,000 ISK
Library Assistant377,000 ISK
Library Director651,000 ISK
Library Specialist453,000 ISK
Life Sciences Teacher506,000 ISK
Math Lecturer956,000 ISK
Mathematics Teacher632,000 ISK
Mentor572,000 ISK
Middle School Teacher583,000 ISK
Music Teacher502,000 ISK
Nursery Manager806,000 ISK
Nursery Worker333,000 ISK
Paraprofessional726,000 ISK
Physical Education Specialist570,000 ISK
Physical Education Teacher497,000 ISK
Physics Teacher 577,000 ISK
Political Science Teacher544,000 ISK
Post Doctoral Researcher863,000 ISK
Preschool Education Administrator638,000 ISK
Preschool Teacher449,000 ISK
Primary School Teacher470,000 ISK
Principal781,000 ISK
Product Specialist594,000 ISK
Professor - Accounting1,020,000 ISK
Professor - Architecture1,030,000 ISK
Professor - Biology998,000 ISK
Professor - Business Administration972,000 ISK
Professor - Chemical Engineering1,060,000 ISK
Professor - Chemistry1,050,000 ISK
Professor - Civil Engineering969,000 ISK
Professor - Communication960,000 ISK
Professor - Computer Science1,010,000 ISK
Professor - Dentistry1,050,000 ISK
Professor - Drama966,000 ISK
Professor - Economics1,040,000 ISK
Professor - Education1,020,000 ISK
Professor - Electrical Engineering1,060,000 ISK
Professor - English962,000 ISK
Professor - Environmental Engineering1,030,000 ISK
Professor - Foreign Languages952,000 ISK
Professor - Geological Sciences984,000 ISK
Professor - History992,000 ISK
Professor - Industrial Engineering982,000 ISK
Professor - Law1,060,000 ISK
Professor - Legal Support947,000 ISK
Professor - Liberal Arts988,000 ISK
Professor - Marketing940,000 ISK
Professor - Mathematics1,080,000 ISK
Professor - Mechanical Engineering1,050,000 ISK
Professor - Medical Administration1,060,000 ISK
Professor - Medicine1,190,000 ISK
Professor - Music909,000 ISK
Professor - Nursing932,000 ISK
Professor - Pharmaceutical Sciences981,000 ISK
Professor - Philosophy988,000 ISK
Professor - Physical Therapy1,040,000 ISK
Professor - Physics1,070,000 ISK
Professor - Psychology969,000 ISK
Professor - Rehabilitation902,000 ISK
Professor - Social Work885,000 ISK
Professor - Sociology966,000 ISK
Professor - Special Education981,000 ISK
Psychology Teacher821,000 ISK
Public Management Assistant Professor785,000 ISK
School Counselor703,000 ISK
Science Educator540,000 ISK
Science Laboratory Assistant511,000 ISK
Science Teacher570,000 ISK
Secondary Mathematics Teacher586,000 ISK
Secondary School Teacher532,000 ISK
Special Education Teacher592,000 ISK
Special Needs Assistant459,000 ISK
Statistics Lecturer917,000 ISK
Student Accounts Coordinator503,000 ISK
Student Development Specialist610,000 ISK
Student Employment Specialist578,000 ISK
Student Services506,000 ISK
Student Support Manager627,000 ISK
Substitute Teacher463,000 ISK
Teacher488,000 ISK
Teacher Aide435,000 ISK
Teacher Trainer663,000 ISK
Training and Development Specialist669,000 ISK
Training Coordinator466,000 ISK
Tutor525,000 ISK
University Teacher976,000 ISK
Vocational Education Teacher544,000 ISK

Teaching / Education Jobs Salary Distribution in Iceland

Median and salary distribution monthly Iceland Teaching / Education
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The median, the maximum, the minimum, and the range

  • Salary Range

    Teaching / Education salaries in Iceland range from 349,000 ISK per month (minimum average salary) to 1,330,000 ISK per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 787,000 ISK per month, which means that half (50%) of people working in Teaching / Education are earning less than 787,000 ISK while the other half are earning more than 787,000 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

    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 Teaching / Education are earning less than 511,000 ISK while 75% of them are earning more than 511,000 ISK. Also from the diagram, 75% of people working in Teaching / Education are earning less than 1,140,000 ISK while 25% are earning more than 1,140,000 ISK.


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

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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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.


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.

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.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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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.


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.

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.


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 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.

Teaching / Education Salary Comparison By Gender

Salary comparison by gender monthly Iceland Teaching / Education
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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 Teaching / Education earn 5% more than their female counterparts on average.

Male
745,000 ISK
Female-4%
712,000 ISK
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Iceland for all Careers

Salary comparison by gender monthly Iceland
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Teaching / Education Average Annual Salary Increment Percentage in Iceland

How much are annual salary increments in Iceland for Teaching / Education professionals? How often do employees get salary raises?

Teaching / Education

Teaching / Education professionals in Iceland are likely to observe a salary increase of approximately 4% every 28 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Iceland Teaching / Education
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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

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

The average salary increase in one year (12 months) in Iceland is 2%.

Annual Increment Rate By Industry 2021

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 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.


Worldwide Salary Raises: All Countries and All Jobs

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Teaching / Education Bonus and Incentive Rates in Iceland

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Iceland Teaching / Education
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Teaching / Education 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 Teaching / Education 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 Bonuses

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.

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 GeneratorsSupporting 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.

Teaching / Education Hourly Average Wage in Iceland


4,200 ISK per hour

The average hourly wage (pay per hour) in Iceland is 4,200 ISK. This means that the average person in Iceland earns approximately 4,200 ISK for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

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.

Teaching / Education VS Other Jobs

Salary Comparison Between Teaching / Education and Teaching / Education monthly Iceland
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The average salary for Teaching / Education is 6% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Reykjavik769,000 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
Percentage increase and decrease are relative to the previous value

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