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Country Manager Average Salary in Iceland 2024

How much money does a person working as Country Manager make in Iceland?

Average Monthly Salary
1,130,000 ISK
( 13,600,000 ISK yearly)

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 as Country Manager in Iceland typically earns around 1,130,000 ISK. Salaries range from 521,000 ISK (lowest) to 1,800,000 ISK (highest).

Salary Variance

This is the average salary including housing, transport, and other benefits. Country Manager salaries in Iceland vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Country Manager Pay Scale and Salaries in Iceland

Median and salary distribution Iceland Country Manager monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
1,080,000 ISK or more
10% of people earn
942,000 to 1,080,000 ISK
20% of people earn
649,000 ISK or less
65% of people earn
649,000 to 942,000 ISK
Minimum Salary

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 for the position Country Manager in Iceland range from 521,000 ISK (starting salary) to 1,800,000 ISK (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 1,080,000 ISK, half of the professionals who work as Country Manager in Iceland earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Country Manager in Iceland earn less than 873,000 ISK, while 75% earn more. Similarly, the chart shows that 75% earn less than 1,250,000 ISK while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Country Manager in Iceland compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 649,000 ISK to 942,000 ISK. About 20% of salaries are below the 649,000 ISK mark, while 10% fall within the range of 942,000 ISK to 1,080,000 ISK. Only 5% of individuals have salaries exceeding 1,080,000 ISK.

Salary Comparison by Years of Experience / Country Manager / Iceland

How do experience and age affect pay?

0 - 2 Years
592,000 ISK
2 - 5 Years+34%
790,000 ISK
5 - 10 Years+48%
1,170,000 ISK
10 - 15 Years+22%
1,420,000 ISK
15 - 20 Years+9%
1,550,000 ISK
20+ Years+8%
1,680,000 ISK
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Iceland Country Manager
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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. We broke down salaries by experience level for people working as Country Manager and this is what we found.

All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 592,000 ISK.

While someone with an experience level between two and five years is expected to earn 790,000 ISK, 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 1,170,000 ISK, 48% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 1,420,000 ISK, 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 1,550,000 ISK, 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 1,680,000 ISK, 8% more than people with fifteen to twenty years of experience.

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.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Country Manager / Iceland

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Country Manager.

High School
726,000 ISK
Certificate or Diploma+18%
854,000 ISK
Bachelor's Degree+45%
1,240,000 ISK
Master's Degree+31%
1,620,000 ISK
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Iceland Country Manager
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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 salaries by education level for the position Country Manager in order to make a comparison.

Level 1: High School

Employees at this education level have an average salary of 726,000 ISK.

Level 2: Certificate or Diploma

At this level, the average salary becomes 854,000 ISK, 18% more than the previous level.

Level 3: Bachelor's Degree

At this level, the average salary becomes 1,240,000 ISK, 45% more than the previous level.

Level 4: Master's Degree

At this level, the average salary becomes 1,620,000 ISK, 31% more than the previous level.

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.

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 to a higher-paying job. The numbers seem to support the theory. 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 Comparison By Education Level
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Salary and Compensation Comparison By Gender / Country Manager / Iceland

Salary comparison by gender Iceland Country Manager monthly
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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? For the people who work as Country Manager in Iceland, the average difference between the salary of male and female employees is 5%.

1,160,000 ISK
1,110,000 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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Average Annual Salary Increment Percentage / Country Manager / Iceland

How much are annual salary increments in Iceland for individuals working as Country Manager? How often do employees get salary raises?

Individuals working as Country Manager in Iceland are likely to observe a salary increase of approximately 9% 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 Country Manager
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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

Annual Salary Increment Rate Iceland
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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

World Average Annual Salary Increment
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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 / Country Manager / Iceland

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Iceland Country Manager
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32% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 68% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
No Bonus

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.

A graphics designer working for a graphics designing company.

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.

Average Hourly Wage / Country Manager / Iceland

6,540 ISK per hour

The average hourly wage (pay per hour) for individuals working as Country Manager in Iceland is 6,540 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 as Country Manager in Iceland is 3,010 ISK. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Executive and Management-100%
Account Coordinator585,000 ISK-48%
Account Director745,000 ISK-34%
Account Executive734,000 ISK-35%
Account Manager718,000 ISK-37%
Administration Manager714,000 ISK-37%
Administration Officer380,000 ISK-66%
Administration Supervisor594,000 ISK-48%
Administrative Clerk296,000 ISK-74%
Administrative Officer285,000 ISK-75%
Area Director714,000 ISK-37%
Area Manager706,000 ISK-38%
Asset Protection Associate768,000 ISK-32%
Assistant Director781,000 ISK-31%
Assistant General Manager816,000 ISK-28%
Assistant Manager810,000 ISK-29%
Assistant Managing Director904,000 ISK-20%
Assistant Operations Manager890,000 ISK-21%
Assistant Project Manager769,000 ISK-32%
Assistant Section Head637,000 ISK-44%
Assistant to CEO737,000 ISK-35%
Assistant Vice President805,000 ISK-29%
Associate Account Director772,000 ISK-32%
Associate Director804,000 ISK-29%
Bid Manager846,000 ISK-25%
Branch Manager872,000 ISK-23%
Business Development Manager923,000 ISK-19%
Business Operations Associate760,000 ISK-33%
Business Operations Lead783,000 ISK-31%
Campaign Manager867,000 ISK-24%
Catering Coordinator472,000 ISK-58%
Catering Manager736,000 ISK-35%
CEO1,470,000 ISK+30%
Chairman of The Board1,420,000 ISK+25%
Chairman Office Manager930,000 ISK-18%
Chief Commercial Officer1,040,000 ISK-8%
Chief Corporate Officer1,160,000 ISK+2%
Chief Digital Officer987,000 ISK-13%
Chief Digital Strategy Officer1,010,000 ISK-11%
Chief Digital Transformation Officer938,000 ISK-17%
Chief Ethics Officer852,000 ISK-25%
Chief Executive Officer1,520,000 ISK+34%
Chief Financial Officer1,340,000 ISK+18%
Chief Investment Officer1,080,000 ISK-5%
Chief of Staff703,000 ISK-38%
Chief Operating Officer1,140,000 ISK+1%
Chief Privacy Officer889,000 ISK-22%
Chief Resilience Officer1,120,000 ISK-1%
Chief Risk Officer925,000 ISK-18%
Chief Strategy Officer1,250,000 ISK+10%
Chief Trust and Safety Officer954,000 ISK-16%
Client Account Manager854,000 ISK-25%
Client Accounts Officer719,000 ISK-37%
Client Services Manager939,000 ISK-17%
Commercial Director942,000 ISK-17%
Commercial Manager856,000 ISK-24%
Commercial Project Manager759,000 ISK-33%
Commodity Broker582,000 ISK-49%
COO1,100,000 ISK-3%
Corporate Affairs Executive870,000 ISK-23%
Corporate Compliance Director987,000 ISK-13%
Corporate Director1,040,000 ISK-8%
Corporate Officer708,000 ISK-38%
Corporate Partnerships Officer707,000 ISK-38%
Country Manager1,130,000 ISK-0%
Department Head924,000 ISK-18%
Department Manager923,000 ISK-19%
Department Supervisor796,000 ISK-30%
Deputy Director1,070,000 ISK-6%
Deputy Manager1,070,000 ISK-6%
Director1,110,000 ISK-2%
Director of Accreditation1,000,000 ISK-12%
Director of Catering Services899,000 ISK-21%
Director of Client Services960,000 ISK-15%
Director of Facilities Management823,000 ISK-27%
Director of Operations953,000 ISK-16%
Director of Process Simplification763,000 ISK-33%
Director of Product Management961,000 ISK-15%
Director of Project Management1,010,000 ISK-11%
Director of Revenue Management890,000 ISK-21%
Director of Training and Development964,000 ISK-15%
Distribution Manager1,030,000 ISK-9%
Division Manager841,000 ISK-26%
Duty Manager813,000 ISK-28%
Engagement Manager1,030,000 ISK-9%
Executive Director1,480,000 ISK+31%
Executive Manager1,210,000 ISK+7%
Franchise Manager1,260,000 ISK+11%
General Manager1,170,000 ISK+3%
Generational Consultant745,000 ISK-34%
Global Master Data Manager1,050,000 ISK-7%
Global Technical Lead694,000 ISK-39%
Head of Investment961,000 ISK-15%
Head of Middle Office909,000 ISK-20%
Head of Projects969,000 ISK-15%
Head of Strategy1,090,000 ISK-4%
Head of Supply Chain885,000 ISK-22%
Head of Sustainability812,000 ISK-28%
Housing Manager759,000 ISK-33%
HSE Manager769,000 ISK-32%
Innovation Manager808,000 ISK-29%
Key Account Manager794,000 ISK-30%
Knowledge Manager929,000 ISK-18%
Location Manager927,000 ISK-18%
Logistics Executive767,000 ISK-32%
Logistics Manager741,000 ISK-35%
Management Consultant793,000 ISK-30%
Management Executive1,050,000 ISK-7%
Manager966,000 ISK-15%
Managing Director1,200,000 ISK+6%
MIS Executive987,000 ISK-13%
Ocean Services Manager1,020,000 ISK-10%
Online Business Manager1,430,000 ISK+26%
Operational Manager1,010,000 ISK-11%
Operations Analyst842,000 ISK-26%
Operations Assistant697,000 ISK-39%
Operations Director1,130,000 ISK-0%
Operations Executive1,040,000 ISK-8%
Operations Manager1,080,000 ISK-5%
Operations Supervisor867,000 ISK-24%
Planning Director1,060,000 ISK-6%
PMO Manager925,000 ISK-18%
Policy Administration Executive841,000 ISK-26%
Private Sector Executive899,000 ISK-21%
Product Development Manager960,000 ISK-15%
Product Executive835,000 ISK-26%
Production Executive1,010,000 ISK-11%
Production Manager1,020,000 ISK-10%
Production Supervisor809,000 ISK-29%
Program Director975,000 ISK-14%
Program Manager1,060,000 ISK-6%
Programme Coordinator666,000 ISK-41%
Project Control Manager1,020,000 ISK-10%
Project Coordinator624,000 ISK-45%
Project Management Officer703,000 ISK-38%
Project Manager748,000 ISK-34%
Project Portfolio Manager793,000 ISK-30%
Quality Manager806,000 ISK-29%
R/D Director840,000 ISK-26%
Regional Director1,370,000 ISK+21%
Regional Manager1,060,000 ISK-6%
Relationship Manager987,000 ISK-13%
Retail District Manager663,000 ISK-42%
Revenue Manager782,000 ISK-31%
Risk and Capital Manager1,110,000 ISK-2%
Risk Officer744,000 ISK-34%
Safety Manager732,000 ISK-35%
Section Head779,000 ISK-31%
Service Manager806,000 ISK-29%
Shift Supervisor630,000 ISK-44%
Solutions Manager687,000 ISK-39%
Supervisor613,000 ISK-46%
Supply Chain Manager1,070,000 ISK-6%
Surveyor654,000 ISK-42%
Technical Director902,000 ISK-20%
Technical Manager937,000 ISK-17%
Territory Manager991,000 ISK-13%
Validation Manager799,000 ISK-30%
Vice President1,200,000 ISK+6%
Zone Manager1,030,000 ISK-9%

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 for the job title Country Manager in Iceland?

A good and competitive compensation would range anywhere between 1,080,000 ISK and 1,250,000 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 a careers like Country Manager in Iceland ranges from 521,000 ISK to 873,000 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

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