Average Monitoring and Performance Officer Salary in Reykjavik, Iceland for 2026
In this article, we will look at the average Monitoring and Performance Officer salary for 2026 in Reykjavik 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 Monitoring and Performance Officer Make in Reykjavik?
A Monitoring and Performance Officer working in Reykjavik will typically earn around 6,118,800 ISK per year, and this can range from the lowest average salary of about 2,998,500 ISK to the highest average salary of 9,550,600 ISK.
These are average salaries for a Monitoring and Performance Officer in Reykjavik and include benefits such as housing and transport. It's also possible for a Monitoring and Performance Officer to earn more or less than the average salaries shown above.
Monitoring and Performance 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 Monitoring and Performance Officer Salaries in Reykjavik
So we've looked at the average salaries a Monitoring and Performance Officer will earn in Reykjavik. The next interesting data point is the distribution of salaries.
Salary ranges
We already know that a Monitoring and Performance Officer can earn between 2,998,500 ISK and 9,550,600 ISK on average in Reykjavik. 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 Monitoring and Performance Officer in Reykjavik is 6,241,000 ISK. This is the middle value in the distribution of salaries.
What this means is that approximately 50% of the population earn less than 6,241,000 ISK, and 50% of the population earn more than 6,241,000 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 Monitoring and Performance Officer salary in Reykjavik, 25% of the population are earning less than 4,162,800 ISK while 75% of the population earn more than 4,162,800 ISK.
75% of the population earn less than 8,051,500 ISK, and 25% of the population earn more than 8,051,500 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.
Monitoring and Performance Officer Salary by Experience Level in Reykjavik
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 Monitoring and Performance 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 Monitoring and Performance Officer in Reykjavik that has less than two years of experience can expect to earn somewhere in the region of 3,553,500 ISK.
- 2 - 5 Years Experience. With two to five years of experience the average Monitoring and Performance Officer salary would increase to 4,570,300 ISK.
- 5 - 10 Years Experience. From five to ten years of experience as a Monitoring and Performance Officer, the average salary would be 6,300,400 ISK.
- 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 7,812,200 ISK.
- 15 - 20 Years Experience. A Monitoring and Performance Officer with 15 to 20 years of experience can earn an average of 8,362,500 ISK.
- 20+ Years Experience. For a Monitoring and Performance Officer with more than 20 years, the expected average salary increases to 8,926,700 ISK.
Average Salary by Experience Chart
| 0-2 Years | - | 3,553,500 ISK |
| 2-5 Years | +29% | 4,570,300 ISK |
| 5-10 Years | +38% | 6,300,400 ISK |
| 10-15 Years | +24% | 7,812,200 ISK |
| 15-20 Years | +7% | 8,362,500 ISK |
| 20+ Years | +7% | 8,926,700 ISK |
Monitoring and Performance Officer Salary by Education Level in Reykjavik
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 a Monitoring and Performance Officer in Reykjavik based on the education level of the employees in order to find out whether a better education level would increase your salary.
- Certificate or Diploma. A Monitoring and Performance Officer in Reykjavik with a certificate or diploma education can earn an average salary of 5,029,900 ISK.
- Bachelor's Degree. A Monitoring and Performance Officer in Reykjavik with a bachelor's degree education can earn an average salary of 7,715,800 ISK.
Average Salary by Education Chart
| Certificate or Diploma | - | 5,029,900 ISK |
| Bachelor's Degree | +53% | 7,715,800 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.
Monitoring and Performance 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 Reykjavik, a male monitoring and performance officer will earn an average of 5,818,100 ISK, while a female monitoring and performance officer will earn around 5,567,700 ISK.
This means that a male monitoring and performance officer earns approximately 4% more than a female monitoring and performance officer for performing the same job.
Average Salary by Gender Chart in Reykjavik
| Male | - | 5,818,100 ISK |
| Female | -4% | 5,567,700 ISK |
Monitoring and Performance Officer Average Pay Raise in Reykjavik
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 Monitoring and Performance Officer in Reykjavik is around 6% 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 = ( 6 ÷ 29 ) × 12 = 2%
What this means is that a Monitoring and Performance Officer in Reykjavik can expect to receive an average pay raise of around 2% every 12 months.
Annual Pay Raise by Industry in Reykjavik for 2026
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% |
Monitoring and Performance Officer Bonus and Incentive Rates in Reykjavik
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 Monitoring and Performance Officer is a low bonus based job, with 16% of employees reporting at least one bonus in the last 12 months.
84% 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 | - | 16% |
| No Bonus | - | 84% |
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 Monitoring and Performance Officer
In the table below, we have salary information for jobs that are similar to a Monitoring and Performance Officer in Reykjavik.
| Job Title | Category | Salary |
|---|---|---|
| Actuarial Analyst | Insurance | 10,403,600 ISK |
| Actuarial Assistant | Insurance | 7,321,700 ISK |
| Actuarial Specialist | Insurance | 7,404,700 ISK |
| Actuary | Insurance | 10,475,000 ISK |
| Adjustment Insurance Clerk | Insurance | 2,893,600 ISK |
| Assistant Broker | Insurance | 4,752,100 ISK |
| Assistant Claims Manager | Insurance | 8,771,100 ISK |
| Associate Insurance Representative | Insurance | 4,282,500 ISK |
| Auditing Insurance Manager | Insurance | 11,569,500 ISK |
| Broker | Insurance | 8,206,100 ISK |
| Claim Advocacy Professional | Insurance | 7,572,700 ISK |
| Claims Adjuster | Insurance | 2,893,600 ISK |
| Claims Analyst | Insurance | 4,043,600 ISK |
| Claims Examiner | Insurance | 4,032,100 ISK |
| Claims Manager | Insurance | 10,943,000 ISK |
| Claims Processor | Insurance | 2,878,300 ISK |
| Claims Representative | Insurance | 3,610,800 ISK |
| Claims Resolution Specialist | Insurance | 8,123,400 ISK |
| Claims Supervisor | Insurance | 7,669,900 ISK |
| Complaints Specialist | Insurance | 7,523,300 ISK |
| Compliance Examiner | Insurance | 7,572,700 ISK |
| Compliance Officer | Insurance | 6,564,600 ISK |
| Compliance Reviewer | Insurance | 7,464,400 ISK |
| Consultant | Insurance | 7,980,700 ISK |
| Eligibility Interviewer | Insurance | 8,689,800 ISK |
| Eligibility Specialist | Insurance | 7,750,400 ISK |
| Insurance Account Manager | Insurance | 10,102,100 ISK |
| Insurance Accounts Executive | Insurance | 8,795,700 ISK |
| Insurance Adjuster | Insurance | 7,464,400 ISK |
| Insurance Agent | Insurance | 4,883,400 ISK |
| Insurance Analyst | Insurance | 7,548,300 ISK |
| Insurance Appraiser | Insurance | 7,896,400 ISK |
| Insurance Claims Clerk | Insurance | 2,928,100 ISK |
| Insurance Examiner | Insurance | 7,199,500 ISK |
| Insurance Investigator | Insurance | 7,393,200 ISK |
| Insurance Manager | Insurance | 13,319,300 ISK |
| Insurance Operations Manager | Insurance | 13,079,500 ISK |
| Insurance Policy Processing Clerk | Insurance | 2,914,600 ISK |
| Insurance Pricing Assistant | Insurance | 6,058,300 ISK |
| Insurance Program Manager | Insurance | 9,850,400 ISK |
| Insurance Project Manager | Insurance | 10,162,800 ISK |
| Insurance Quality Assurance Agent | Insurance | 6,682,700 ISK |
| Insurance Sales Agent | Insurance | 4,654,300 ISK |
| Insurance Sales Director | Insurance | 12,721,300 ISK |
| Insurance Sales Manager | Insurance | 9,935,600 ISK |
| Insurance Sales Representative | Insurance | 4,067,600 ISK |
| Insurance Team Leader | Insurance | 8,386,300 ISK |
| Insurance Underwriter | Insurance | 5,605,200 ISK |
| Loss Control Specialist | Insurance | 7,236,200 ISK |
| Loss Prevention Investigator | Insurance | 7,789,700 ISK |
| Loss Prevention Manager | Insurance | 10,882,800 ISK |
| Loss Prevention Specialist | Insurance | 8,795,700 ISK |
| Marine Underwriter | Insurance | 5,747,700 ISK |
| Medical Auditor | Insurance | 7,872,400 ISK |
| Payment Services Specialist | Insurance | 7,510,300 ISK |
| Policy Change Director | Insurance | 11,998,600 ISK |
| Policy Change Supervisor | Insurance | 8,305,400 ISK |
| Policy Change Technician | Insurance | 3,718,600 ISK |
| Risk Analyst | Insurance | 8,554,100 ISK |
| Risk Management Director | Insurance | 14,880,300 ISK |
| Risk Management Supervisor | Insurance | 9,565,900 ISK |
| Risk Manager | Insurance | 14,280,500 ISK |
| Risk Modeling Manager | Insurance | 14,158,800 ISK |
| Title Insurance Typist | Insurance | 6,539,600 ISK |
| Training Manager | Insurance | 8,279,300 ISK |
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