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Fuel Cell Engineer Average Salary in Iceland 2023

How much money does a person working as Fuel Cell Engineer make in Iceland?

Average Monthly Salary
621,000 ISK
( 7,450,000 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 Fuel Cell Engineer in Iceland typically earns around 621,000 ISK. Salaries range from 286,000 ISK (lowest) to 987,000 ISK (highest).

Salary Variance

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

Fuel Cell Engineer Pay Scale and Salaries in Iceland

Median and salary distribution Iceland Fuel Cell Engineer monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
589,000 ISK or more
10% of people earn
516,000 to 589,000 ISK
20% of people earn
355,000 ISK or less
65% of people earn
355,000 to 516,000 ISK
Minimum Salary
286,000 ISK
593,000 ISK
987,000 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 for the position Fuel Cell Engineer in Iceland range from 286,000 ISK (starting salary) to 987,000 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 593,000 ISK, half of the professionals who work as Fuel Cell Engineer 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 Fuel Cell Engineer in Iceland earn less than 478,000 ISK, while 75% earn more. Similarly, the chart shows that 75% earn less than 684,000 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 Fuel Cell Engineer in Iceland compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 355,000 ISK to 516,000 ISK. About 20% of salaries are below the 355,000 ISK mark, while 10% fall within the range of 516,000 ISK to 589,000 ISK. Only 5% of individuals have salaries exceeding 589,000 ISK.

Salary Comparison by Years of Experience / Fuel Cell Engineer / Iceland

How do experience and age affect pay?

0 - 2 Years
324,000 ISK
2 - 5 Years+34%
433,000 ISK
5 - 10 Years+48%
640,000 ISK
10 - 15 Years+22%
780,000 ISK
15 - 20 Years+9%
850,000 ISK
20+ Years+8%
920,000 ISK
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Iceland Fuel Cell Engineer
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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 Fuel Cell Engineer 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 324,000 ISK.

While someone with an experience level between two and five years is expected to earn 433,000 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 640,000 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 780,000 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 850,000 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 920,000 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 / Fuel Cell Engineer / Iceland

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Fuel Cell Engineer.

Bachelor's Degree
377,000 ISK
Master's Degree+93%
727,000 ISK
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Iceland Fuel Cell Engineer
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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 Fuel Cell Engineer in order to make a comparison.

Level 1: Bachelor's Degree

Employees at this education level have an average salary of 377,000 ISK.

Level 2: Master's Degree

At this level, the average salary becomes 727,000 ISK, 93% 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 / Fuel Cell Engineer / Iceland

Salary comparison by gender Iceland Fuel Cell Engineer 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 Fuel Cell Engineer in Iceland, the average difference between the salary of male and female employees is 5%.

635,000 ISK
607,000 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 / Fuel Cell Engineer / Iceland

How much are annual salary increments in Iceland for individuals working as Fuel Cell Engineer? How often do employees get salary raises?

Individuals working as Fuel Cell Engineer in Iceland are likely to observe a salary increase of approximately 8% 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 Fuel Cell Engineer
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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 / Fuel Cell Engineer / Iceland

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Iceland Fuel Cell Engineer
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59% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 41% 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
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 / Fuel Cell Engineer / Iceland

3,580 ISK per hour

The average hourly wage (pay per hour) for individuals working as Fuel Cell Engineer in Iceland is 3,580 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 Fuel Cell Engineer in Iceland is 1,650 ISK. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Fuel Cell Engineer VS Other Jobs

621,000 ISK
645,000 ISK
690,000 ISK
Average Salary
Fuel Cell Engineer
Average Salary
Oil / Gas / Energy / Mining
Average Salary
All Jobs
Salary Comparison Between Fuel Cell Engineer and Oil / Gas / Energy / Mining monthly Iceland
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Salary comparison with similar jobs

Job TitleAverage Salary
Assistant Yard Manager576,000 ISK-7%
Associate Analyst679,000 ISK+9%
Associate Landman285,000 ISK-54%
Auxiliary Equipment Operator252,000 ISK-59%
Biomass Plant Technician296,000 ISK-52%
Biomass Power Plant Manager847,000 ISK+36%
Carbon Capture and Storage Specialist641,000 ISK+3%
Chemical Plant Operator476,000 ISK-23%
Chief Contract Compliance Engineer616,000 ISK-1%
Chief Renewable Energy Officer1,120,000 ISK+80%
Chief Sustainability Officer1,070,000 ISK+72%
Completions Engineer592,000 ISK-5%
Cost Controller430,000 ISK-31%
Cost Engineer579,000 ISK-7%
Crude Oil Marketing Representative630,000 ISK+1%
Deep-sea Mining Engineer735,000 ISK+18%
Dispatcher258,000 ISK-58%
Distribution Manager848,000 ISK+37%
Dragline Operator276,000 ISK-56%
Driller Offsider211,000 ISK-66%
Dump Truck Driver238,000 ISK-62%
Electric and Gas Operations Manager1,340,000 ISK+120%
Energy Advisor888,000 ISK+43%
Energy Analyst872,000 ISK+40%
Energy Auditor767,000 ISK+24%
Energy Dispatch Director1,010,000 ISK+63%
Energy Efficiency Auditor647,000 ISK+4%
Energy Efficiency Consultant757,000 ISK+22%
Energy Modeler605,000 ISK-3%
Energy Policy Analyst625,000 ISK+1%
Energy Storage Engineer644,000 ISK+4%
Energy Technical Assistant373,000 ISK-40%
Energy Technical Manager732,000 ISK+18%
Energy Technical Support Manager727,000 ISK+17%
Energy Technical Trainer513,000 ISK-17%
Engineering Geologist1,110,000 ISK+79%
Exploration Manager1,020,000 ISK+64%
Field Safety Auditor673,000 ISK+8%
Fluids Engineer590,000 ISK-5%
Fuel Cell Engineer621,000 ISK+0%
Fuel Cell Technician296,000 ISK-52%
Fuels Handler273,000 ISK-56%
Gas Compressor Operator256,000 ISK-59%
Gas Distribution Plant Operator474,000 ISK-24%
Gas Supply Manager889,000 ISK+43%
Geologist1,050,000 ISK+69%
Geophysicist1,140,000 ISK+84%
Geothermal Engineer641,000 ISK+3%
Geothermal Production Manager982,000 ISK+58%
Geothermal Technician402,000 ISK-35%
HSE Engineer576,000 ISK-7%
HSE Officer350,000 ISK-44%
HSE Supervisor419,000 ISK-33%
HSEQ Administrator435,000 ISK-30%
Hydrogen Fuel Cell Engineer681,000 ISK+10%
Inspector572,000 ISK-8%
Instructor509,000 ISK-18%
Instrument Designer480,000 ISK-23%
Lead Technical Field Advisor809,000 ISK+30%
Lithium Ion Battery Engineer564,000 ISK-9%
Logistics and Tool Coordinator525,000 ISK-15%
Maintenance Engineer615,000 ISK-1%
Maintenance Superintendent538,000 ISK-13%
Material Controller386,000 ISK-38%
Methane Detection and Mitigation Specialist558,000 ISK-10%
Mine Engineer565,000 ISK-9%
Mine Surveyor676,000 ISK+9%
Mining Project Administrator551,000 ISK-11%
Mining Project Assistant437,000 ISK-30%
Mining Project Controls Consultant691,000 ISK+11%
Mining Project Coordinator546,000 ISK-12%
Mining Project Engineer596,000 ISK-4%
Mining Project Manager786,000 ISK+27%
Mining Site Manager798,000 ISK+29%
Mining Team Leader641,000 ISK+3%
Natural Gas Engineer629,000 ISK+1%
NDT Technician381,000 ISK-39%
Net Zero Energy Consultant772,000 ISK+24%
Oil Service Unit Operator309,000 ISK-50%
Oil Trader771,000 ISK+24%
Oilwell Pumper219,000 ISK-65%
Petroleum Engineer 664,000 ISK+7%
Petroleum Geologist1,050,000 ISK+69%
Petroleum Pump System Operator320,000 ISK-48%
Petroleum Technician344,000 ISK-45%
Photovoltaic Engineer647,000 ISK+4%
Pipeline Technician224,000 ISK-64%
Power Coordinator374,000 ISK-40%
Power Plant Operations Manager1,140,000 ISK+84%
Power Plant Operator463,000 ISK-25%
Radio Operator275,000 ISK-56%
Reliability Engineer603,000 ISK-3%
Renewable Energy Consultant924,000 ISK+49%
Renewable Energy Engineer695,000 ISK+12%
Renewable Energy Policy Analyst714,000 ISK+15%
Reservoir Engineer542,000 ISK-13%
Risk Analyst737,000 ISK+19%
Roughneck612,000 ISK-1%
Scaffolder373,000 ISK-40%
Shutdown Engineer505,000 ISK-19%
Smart Grid Analyst646,000 ISK+4%
Smart Grid Engineer655,000 ISK+6%
Solar Energy Installation Manager853,000 ISK+37%
Solar Energy Systems Engineer600,000 ISK-3%
Solar Photovoltaic Installer378,000 ISK-39%
Solar Thermal Technician359,000 ISK-42%
Supply Operations Manager972,000 ISK+57%
Sustainability Analyst794,000 ISK+28%
Sustainability Architect803,000 ISK+29%
Sustainability Specialist913,000 ISK+47%
Sustainable Energy Consultant824,000 ISK+33%
System Development Advisor705,000 ISK+14%
Tanker Truck Driver225,000 ISK-64%
Unconventional Oil and Gas Engineer623,000 ISK+0%
Utility Operator335,000 ISK-46%
Waste-to-Energy Specialist824,000 ISK+33%
Wind Energy Project Manager843,000 ISK+36%
Wind Farm Technician417,000 ISK-33%
Wind Turbine Technician484,000 ISK-22%

Salary Comparison By City

CityAverage Salary
Reykjavik701,000 ISK

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 Fuel Cell Engineer in Iceland?

A good and competitive compensation would range anywhere between 593,000 ISK and 684,000 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 Fuel Cell Engineer in Iceland ranges from 286,000 ISK to 478,000 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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