Average All Rounder Salary in Iceland for 2024

In this article, we will look at the average All Rounder salary for 2024 in Iceland and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Icelandic króna. To keep things simple, we are using the ISK currency code instead of the currency symbol kr.

How Much Does an All Rounder Make in Iceland?

An All Rounder working in Iceland will typically earn around 2,998,500 ISK per year, and this can range from the lowest average salary of about 1,380,400 ISK to the highest average salary of 4,777,400 ISK.

Average Annual Salary
2,998,500 ISK
Average Monthly Salary
249,875 ISK

Lowest Annual Salary
1,380,400 ISK
Lowest Monthly Salary
115,033 ISK

Highest Annual Salary
4,777,400 ISK
Highest Monthly Salary
398,116 ISK

These are average salaries for an All Rounder in Iceland and include benefits such as housing and transport. It's also possible for an All Rounder to earn more or less than the average salaries shown above.

All Rounder salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of All Rounder Salaries in Iceland

So we've looked at the average salaries an All Rounder will earn in Iceland. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an All Rounder can earn between 1,380,400 ISK and 4,777,400 ISK on average in Iceland. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for an All Rounder in Iceland is 3,253,900 ISK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 3,253,900 ISK, and 50% of the population earn more than 3,253,900 ISK.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average All Rounder salary in Iceland, 25% of the population are earning less than 2,086,500 ISK while 75% of the population earn more than 2,086,500 ISK.

75% of the population earn less than 4,332,900 ISK, and 25% of the population earn more than 4,332,900 ISK.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

All Rounder Salary by Experience Level in Iceland

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average all rounder salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. An All Rounder in Iceland that has less than two years of experience can expect to earn somewhere in the region of 1,570,900 ISK.
  • 2 - 5 Years Experience. With two to five years of experience the average All Rounder salary would increase to 2,100,900 ISK.
  • 5 - 10 Years Experience. From five to ten years of experience as an All Rounder, the average salary would be 3,094,100 ISK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 3,781,400 ISK.
  • 15 - 20 Years Experience. An All Rounder with 15 to 20 years of experience can earn an average of 4,116,600 ISK.
  • 20+ Years Experience. For an All Rounder with more than 20 years, the expected average salary increases to 4,450,400 ISK.

Average Salary by Experience Chart

0-2 Years
1,570,900 ISK
2-5 Years +34%
2,100,900 ISK
5-10 Years +48%
3,094,100 ISK
10-15 Years +22%
3,781,400 ISK
15-20 Years +9%
4,116,600 ISK
20+ Years +8%
4,450,400 ISK

All Rounder Salary by Education Level in Iceland

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for an All Rounder in Iceland based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. An All Rounder in Iceland with a high school education can earn an average salary of 1,825,000 ISK.

  • Certificate or Diploma. An All Rounder in Iceland with a certificate or diploma education can earn an average salary of 3,529,600 ISK.

Average Salary by Education Chart

High School
1,825,000 ISK
Certificate or Diploma +93%
3,529,600 ISK

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Iceland is around 3,440,000 to 10,300,000 ISK and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

All Rounder Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Iceland, a male all rounder will earn an average of 3,071,100 ISK, while a female all rounder will earn around 2,941,000 ISK.

This means that a male all rounder earns approximately 4% more than a female all rounder for performing the same job.

Average Salary by Gender Chart in Iceland

Male
3,071,100 ISK
Female -4%
2,941,000 ISK

All Rounder Average Pay Raise in Iceland

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for an All Rounder in Iceland is around 5% every 29 months.

The national average pay raise across all professions and industries in Iceland is around 4% every 29 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 5 ÷ 29 ) × 12  = 2%

What this means is that an All Rounder in Iceland can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Iceland for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Iceland.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
9%
Energy
9%
Information Technology
9%
Healthcare
9%
Travel
9%
Construction
9%
Education
9%

All Rounder Bonus and Incentive Rates in Iceland

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

An All Rounder is a low bonus based job, with 15% of employees reporting at least one bonus in the last 12 months.

85% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 0% to 4%.

Received Bonus
15%
No Bonus
85%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Iceland earn approximately 25% more than private sector employees in the same role.

Public Sector
9,154,500 ISK
Private Sector -25%
7,331,800 ISK

Salaries for Jobs Similar to an All Rounder

In the table below, we have salary information for jobs that are similar to an All Rounder in Iceland.

Job Title Category Salary
Assistant Executive Housekeeper Food / Hospitality / Tourism / Catering 2,401,300 ISK
Assistant Food and Beverage Controller Food / Hospitality / Tourism / Catering 4,618,200 ISK
Assistant Food and Beverage Director Food / Hospitality / Tourism / Catering 10,344,200 ISK
Assistant Hospitality Manager Food / Hospitality / Tourism / Catering 10,824,400 ISK
Assistant Storekeeper Food / Hospitality / Tourism / Catering 2,110,600 ISK
Assistant Tour Manager Food / Hospitality / Tourism / Catering 5,038,200 ISK
Baker and Pastrycook Food / Hospitality / Tourism / Catering 2,617,900 ISK
Bakery Manager Food / Hospitality / Tourism / Catering 5,747,700 ISK
Bakery Superintendent Food / Hospitality / Tourism / Catering 3,745,100 ISK
Banquet Captain Food / Hospitality / Tourism / Catering 3,118,900 ISK
Banquet Manager Food / Hospitality / Tourism / Catering 3,970,700 ISK
Banquet Server Food / Hospitality / Tourism / Catering 2,629,100 ISK
Bar Attendant Food / Hospitality / Tourism / Catering 2,495,600 ISK
Bar Manager Food / Hospitality / Tourism / Catering 5,146,100 ISK
Bar Supervisor Food / Hospitality / Tourism / Catering 3,539,100 ISK
Barista Food / Hospitality / Tourism / Catering 3,023,200 ISK
Bartender Food / Hospitality / Tourism / Catering 2,941,000 ISK
Bellman Food / Hospitality / Tourism / Catering 2,401,300 ISK
Beverage Manager Food / Hospitality / Tourism / Catering 5,989,600 ISK
Bistro Attendant Food / Hospitality / Tourism / Catering 2,653,700 ISK
Buffet Chef Food / Hospitality / Tourism / Catering 4,488,100 ISK
Buffet Host Food / Hospitality / Tourism / Catering 2,423,000 ISK
Buffet Manager Food / Hospitality / Tourism / Catering 5,412,700 ISK
Butcher and Slaughterer Food / Hospitality / Tourism / Catering 2,026,800 ISK
Cafeteria Assistant Food / Hospitality / Tourism / Catering 2,662,900 ISK
Cafeteria Manager Food / Hospitality / Tourism / Catering 4,609,700 ISK
Cafeteria Supervisor Food / Hospitality / Tourism / Catering 3,622,400 ISK
Cake Decorator Food / Hospitality / Tourism / Catering 2,844,200 ISK
Casino Shift Manager Food / Hospitality / Tourism / Catering 8,425,800 ISK
Chain Store Customer Support Food / Hospitality / Tourism / Catering 4,079,300 ISK
Chef Food / Hospitality / Tourism / Catering 4,654,300 ISK
Chef De Cuisine Food / Hospitality / Tourism / Catering 6,733,900 ISK
Club Manager Food / Hospitality / Tourism / Catering 8,833,600 ISK
Cluster Director Food / Hospitality / Tourism / Catering 11,232,800 ISK
Cluster Revenue Manager Food / Hospitality / Tourism / Catering 8,795,700 ISK
Cocktail Server Food / Hospitality / Tourism / Catering 2,629,100 ISK
Coffee Shop Manager Food / Hospitality / Tourism / Catering 8,411,800 ISK
Concierge Food / Hospitality / Tourism / Catering 2,471,700 ISK
Confectionery Baker Food / Hospitality / Tourism / Catering 2,782,600 ISK
Conference and Sales Coordinator Food / Hospitality / Tourism / Catering 4,642,200 ISK
Conference Services Manager Food / Hospitality / Tourism / Catering 5,806,300 ISK
Cook Food / Hospitality / Tourism / Catering 4,019,900 ISK
Corporate Sous Chef Food / Hospitality / Tourism / Catering 6,840,100 ISK
Corporate Travel Consultant Food / Hospitality / Tourism / Catering 7,007,800 ISK
Croupier Food / Hospitality / Tourism / Catering 3,335,900 ISK
Culinary Assistant Food / Hospitality / Tourism / Catering 2,207,600 ISK
Culinary Associate Food / Hospitality / Tourism / Catering 2,197,700 ISK
Demi Chef Food / Hospitality / Tourism / Catering 5,088,900 ISK
Dietary Aide Food / Hospitality / Tourism / Catering 4,919,600 ISK
Dining Room Supervisor Food / Hospitality / Tourism / Catering 4,235,500 ISK
Dishwasher Food / Hospitality / Tourism / Catering 1,896,700 ISK
Duty Manager Food / Hospitality / Tourism / Catering 5,676,700 ISK
Events Coordinator Food / Hospitality / Tourism / Catering 3,863,700 ISK
Executive Chef Food / Hospitality / Tourism / Catering 5,376,200 ISK
Executive Pastry Chef Food / Hospitality / Tourism / Catering 4,439,200 ISK
Fast Food Cook Food / Hospitality / Tourism / Catering 3,792,300 ISK
Fast Food Shift Supervisor Food / Hospitality / Tourism / Catering 4,224,200 ISK
Fine Dining Cook Food / Hospitality / Tourism / Catering 6,682,700 ISK
Fine Dining Restaurant Chef Food / Hospitality / Tourism / Catering 6,721,800 ISK
Fleet Manager Food / Hospitality / Tourism / Catering 11,794,200 ISK
Food and Beverage Manager Food / Hospitality / Tourism / Catering 8,988,700 ISK
Food Consultant Food / Hospitality / Tourism / Catering 7,393,200 ISK
Food Safety Coordinator Food / Hospitality / Tourism / Catering 5,447,200 ISK
Food Server Food / Hospitality / Tourism / Catering 2,579,200 ISK
Food Service Director Food / Hospitality / Tourism / Catering 9,684,600 ISK
Food Service Manager Food / Hospitality / Tourism / Catering 9,899,400 ISK
Food Service Sales Food / Hospitality / Tourism / Catering 6,241,000 ISK
Food Service Worker Food / Hospitality / Tourism / Catering 2,411,500 ISK
Front Desk Agent Food / Hospitality / Tourism / Catering 2,953,200 ISK
Front Desk Clerk Food / Hospitality / Tourism / Catering 2,759,700 ISK
Front Office Manager Food / Hospitality / Tourism / Catering 5,242,700 ISK
Guest Service Executive Food / Hospitality / Tourism / Catering 8,242,900 ISK
Guest Service Representative Food / Hospitality / Tourism / Catering 3,421,600 ISK
Head Chef Food / Hospitality / Tourism / Catering 5,868,200 ISK
Head Concierge Food / Hospitality / Tourism / Catering 3,685,200 ISK
Hospitality Director Food / Hospitality / Tourism / Catering 14,400,800 ISK
Hostess / Host Food / Hospitality / Tourism / Catering 2,998,500 ISK
Hotel Desk Clerk Food / Hospitality / Tourism / Catering 2,953,200 ISK
Hotel Maid Food / Hospitality / Tourism / Catering 2,052,200 ISK
Hotel Manager Food / Hospitality / Tourism / Catering 14,639,900 ISK
Hotel Sales Manager Food / Hospitality / Tourism / Catering 10,297,600 ISK
Hotel Service Supervisor Food / Hospitality / Tourism / Catering 8,242,900 ISK
Hotel Staff Food / Hospitality / Tourism / Catering 2,653,700 ISK
Inventory Coordinator Food / Hospitality / Tourism / Catering 3,168,300 ISK
Kitchen Manager Food / Hospitality / Tourism / Catering 5,003,800 ISK
Kitchen Staff Food / Hospitality / Tourism / Catering 2,734,500 ISK
Kitchen Supervisor Food / Hospitality / Tourism / Catering 4,093,700 ISK
Line Cook Food / Hospitality / Tourism / Catering 4,570,300 ISK
Luggage Porter Food / Hospitality / Tourism / Catering 2,076,600 ISK
Motel Manager Food / Hospitality / Tourism / Catering 8,218,100 ISK
Pastry Chef Food / Hospitality / Tourism / Catering 4,140,900 ISK
Pastrycooking and Baking Assistant Food / Hospitality / Tourism / Catering 2,794,600 ISK
Production Operator Food / Hospitality / Tourism / Catering 3,970,700 ISK
Quality, Health and Safety Coordinator Food / Hospitality / Tourism / Catering 4,548,600 ISK
Receptionist Food / Hospitality / Tourism / Catering 2,854,700 ISK
Regional Restaurant Manager Food / Hospitality / Tourism / Catering 11,543,100 ISK
Restaurant Manager Food / Hospitality / Tourism / Catering 9,828,800 ISK
Restaurant Server Food / Hospitality / Tourism / Catering 2,362,300 ISK
Room Reservations Manager Food / Hospitality / Tourism / Catering 9,695,200 ISK
Room Service Manager Food / Hospitality / Tourism / Catering 9,205,400 ISK
Sous Chef Food / Hospitality / Tourism / Catering 5,146,100 ISK
Special Events Coordinator Food / Hospitality / Tourism / Catering 5,975,000 ISK
Supervisor of Food Services Food / Hospitality / Tourism / Catering 6,780,300 ISK
Tour Consultant Food / Hospitality / Tourism / Catering 6,804,900 ISK
Tour Guide Food / Hospitality / Tourism / Catering 4,895,800 ISK
Tour Manager Food / Hospitality / Tourism / Catering 6,118,800 ISK
Travel Agent Food / Hospitality / Tourism / Catering 5,076,600 ISK
Travel Consultant Food / Hospitality / Tourism / Catering 6,670,600 ISK
Waiter / Waitress Food / Hospitality / Tourism / Catering 2,533,800 ISK

Salary Comparison by City

If you want to compare salaries with different cities in Iceland, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Reykjavik 3,539,100 ISK

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