In Iceland, jobs within the financial and insurance industry generally offer the highest average remuneration. While specific job titles vary greatly within this sector, statistics from 2022 indicate that this industry boasts the highest average monthly wages in the country.
Top Earning Industries in Iceland
According to 2022 data, the financial and insurance sector led the way in terms of average monthly earnings. Individuals employed in this industry consistently earned more than one million Icelandic krona (ISK) per month on average. This makes professional roles in banking, investment, financial analysis, and various insurance fields among the most lucrative career paths available in Iceland.
For a clearer perspective, here's a comparison of the top industries by average monthly earnings:
| Industry Sector | Average Monthly Wages (2022) | Key Characteristics |
|---|---|---|
| Financial and Insurance Activities | Over 1,000,000 ISK | Encompasses banking, investment services, fund management, and diverse insurance roles requiring expertise. |
| Electricity, Gas, Steam, & Air Conditioning Supply | Second Highest Average Wages | Involves specialized positions in energy generation, distribution, and utilities management. |
Following closely, the electricity, gas, steam and air conditioning industry secured the second-highest average monthly wages in 2022. This sector typically comprises roles that are highly technical and specialized, ranging from engineers and technicians to operational managers, all critical to Iceland's robust energy infrastructure.
It is important to note that while these industries offer the highest average wages, actual individual salaries can differ significantly based on factors such as specific job responsibilities, educational qualifications, years of experience, and the size and type of the employing company. Often, the highest individual salaries are found in senior management, executive, or highly specialized expert roles within these top-earning sectors.
