Average Legal IP Officer Salary in Iceland for 2024

In this article, we will look at the average Legal IP Officer 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 a Legal IP Officer Make in Iceland?

A Legal IP Officer working in Iceland will typically earn around 3,792,300 ISK per year, and this can range from the lowest average salary of about 1,741,800 ISK to the highest average salary of 6,024,400 ISK.

Average Annual Salary
3,792,300 ISK
Average Monthly Salary
316,025 ISK

Lowest Annual Salary
1,741,800 ISK
Lowest Monthly Salary
145,150 ISK

Highest Annual Salary
6,024,400 ISK
Highest Monthly Salary
502,033 ISK

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

Legal IP Officer 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 Legal IP Officer Salaries in Iceland

So we've looked at the average salaries a Legal IP Officer will earn in Iceland. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Legal IP Officer can earn between 1,741,800 ISK and 6,024,400 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 a Legal IP Officer in Iceland is 4,093,700 ISK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 4,093,700 ISK, and 50% of the population earn more than 4,093,700 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 Legal IP Officer salary in Iceland, 25% of the population are earning less than 2,629,100 ISK while 75% of the population earn more than 2,629,100 ISK.

75% of the population earn less than 5,461,900 ISK, and 25% of the population earn more than 5,461,900 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.

Legal IP Officer 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 legal ip officer 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. A Legal IP Officer in Iceland that has less than two years of experience can expect to earn somewhere in the region of 1,980,600 ISK.
  • 2 - 5 Years Experience. With two to five years of experience the average Legal IP Officer salary would increase to 2,641,300 ISK.
  • 5 - 10 Years Experience. From five to ten years of experience as a Legal IP Officer, the average salary would be 3,898,100 ISK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 4,762,300 ISK.
  • 15 - 20 Years Experience. A Legal IP Officer with 15 to 20 years of experience can earn an average of 5,183,700 ISK.
  • 20+ Years Experience. For a Legal IP Officer with more than 20 years, the expected average salary increases to 5,614,600 ISK.

Average Salary by Experience Chart

0-2 Years
1,980,600 ISK
2-5 Years +34%
2,641,300 ISK
5-10 Years +48%
3,898,100 ISK
10-15 Years +22%
4,762,300 ISK
15-20 Years +9%
5,183,700 ISK
20+ Years +8%
5,614,600 ISK

Legal IP Officer 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.

The data we have below is combined across all professions. To view the most accurate data possible, you can select a specific job from the list below.

Employees that have earned a certificate or diploma from a post-secondary program can expect to earn approximately 17% more than those who only completed high school level.

If you have a bachelor's degree, you can expect to earn approximately 25% more than those who only completed to a certificate or diploma level.

For professionals reaching the master's degree level, your salary would be around 30% higher than those with a bachelor's degree.

If you are able to achieve a PhD, you can expect to earn approximately 22% more than those with a master's degree for the same job role.

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.

Legal IP Officer 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 legal ip officer will earn an average of 3,875,100 ISK, while a female legal ip officer will earn around 3,696,900 ISK.

This means that a male legal ip officer earns approximately 5% more than a female legal ip officer for performing the same job.

Average Salary by Gender Chart in Iceland

Male
3,875,100 ISK
Female -5%
3,696,900 ISK

Legal IP Officer 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 a Legal IP Officer in Iceland is around 6% every 28 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 = ( 6 ÷ 28 ) × 12  = 3%

What this means is that a Legal IP Officer in Iceland can expect to receive an average pay raise of around 3% 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%

Legal IP Officer 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.

A Legal IP Officer 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 a Legal IP Officer

In the table below, we have salary information for jobs that are similar to a Legal IP Officer in Iceland.

Job Title Category Salary
Administrative Law Judge Legal 21,361,700 ISK
Arbitrator Legal 9,191,000 ISK
Associate Attorney Legal 9,466,400 ISK
Attorney Legal 15,719,900 ISK
Bailiff Legal 4,931,400 ISK
Barrister Legal 4,032,100 ISK
Candidate Attorney Legal 9,001,900 ISK
Conciliator Legal 7,726,700 ISK
Contracts Associate Legal 4,966,200 ISK
Contracts Manager Legal 8,879,100 ISK
Contracts Negotiator Legal 7,129,200 ISK
Contracts Specialist Legal 4,956,800 ISK
Conveyancing Secretary Legal 4,116,600 ISK
Corporate Counsel Legal 11,267,200 ISK
Counsel Legal 11,005,300 ISK
Court Clerk Legal 3,514,400 ISK
Court Judicial Assistant Legal 5,857,100 ISK
Court Liaison Specialist Legal 6,791,800 ISK
Court Reporter Legal 6,118,800 ISK
Court Representative Legal 4,681,400 ISK
Crown Prosecution Service Lawyer Legal 21,961,700 ISK
General Counsel Legal 19,439,300 ISK
Immigration Executive Legal 11,005,300 ISK
In House Counsel Legal 11,316,200 ISK
Intellectual Property Specialist Legal 7,741,200 ISK
Judge Advocate Legal 16,079,800 ISK
Law Clerk Legal 3,659,400 ISK
Lawyer Legal 15,838,200 ISK
Legal Administrative Assistant Legal 4,235,500 ISK
Legal Advisor Legal 9,649,800 ISK
Legal Assistant Legal 4,235,500 ISK
Legal Associate Legal 6,875,100 ISK
Legal Consultant Legal 9,025,900 ISK
Legal Consultant Legal 9,634,900 ISK
Legal Counsel Legal 11,459,800 ISK
Legal Editor Legal 7,453,000 ISK
Legal Executive Legal 13,561,900 ISK
Legal Executive Secretary Legal 4,345,400 ISK
Legal Officer Legal 4,703,900 ISK
Legal Secretary Legal 4,345,400 ISK
Legal Services Director Legal 18,121,700 ISK
Legal Services Manager Legal 18,121,700 ISK
Legal Support Worker Legal 2,819,600 ISK
Legislative Liaison Legal 7,523,300 ISK
Litigation Attorney Legal 17,879,000 ISK
Litigation Paralegal Legal 9,623,400 ISK
Magistrate Judge Legal 24,478,500 ISK
Paralegal Legal 6,048,900 ISK
Patent Attorney Legal 11,365,600 ISK
Staff Attorney Legal 12,600,600 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 4,019,900 ISK

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