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Last Updated: July 08, 2026

Failure Analysis Engineer Salary in Iceland

How much does a Failure Analysis Engineer make in Iceland?

12.425.619 ISK (ISK)/year

Average Bonus

457.263 ISK (ISK)

per Year
Total Compensation

12.723.954,78 ISK

As of July, 08, 2026, the average failure analysis engineer gross salary in Iceland is 12.425.619 ISK or an equivalent hourly rate of 5.974 ISK. In addition, failure analysis engineers earn an average bonus of 457.263 ISK. An entry level failure analysis engineer with 1-3 years of experience earns an average salary of 8.833.870 ISK. At the higher end of the pay range, a senior level failure analysis engineer with 8+ years of experience earns an average salary of 14.137.349 ISK. Salary estimates are based on salary survey data collected directly from employers in Iceland.
Data powered by ERI

Salary Potential for a Failure Analysis Engineer

Explore the estimated salary growth for a Failure Analysis Engineer in Iceland for up to 5 years. The estimated salary of a Failure Analysis Engineer will be 13.130.959 ISK in 1 year and 16.376.087 ISK in 5 years.
View Salary by Year
Estimated Salary
13.876.338 ISK
Average Growth
11,7%
The estimated salary for a Failure Analysis Engineer in 2 years is 13.876.338 ISK, which is 11,7% average growth. This information is based on ERI's compensation database.

Typical Failure Analysis Engineer Education

Education data not available for this job

Popular Skills for a Failure Analysis Engineer

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Cost of Living in Iceland

The cost of living in Iceland is equal to the national average.
0% equal to
than the national average
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Frequently Asked Questions

What does a Failure Analysis Engineer do?
Reviews and analyzes errors affecting a company's product or service processes. Develops and executes various failure analyses on workflow, systems, and components to identify root cause of failures. Analyzes failure reports from observations, production lots with low yields, reliability stress test rejects, customer complaints/user feedback, and test results.
How much does a Failure Analysis Engineer make in Iceland?
The average salary for a Failure Analysis Engineer is 12.425.619 ISK per year or 5.973,86 ISK per hour in Iceland. Top earners have reported making up to 14.137.349 ISK. However, the typical pay range in Iceland is between 8.833.870 ISK and 14.137.349 ISK annually.
What is the salary trajectory for a Failure Analysis Engineer?
Failure Analysis Engineer is projected to see a 31.8 % salary change in 5 years.
How can you increase your salary?
Increasing your salary often starts with understanding your value in today’s job market. You can increase your earning potential by building your skills, advancing your education, moving into a new role or industry, switching companies, or negotiating pay.
How can you negotiate a salary offer? 
Negotiating a salary offer involves preparation and finding our your market value. Use our salary calculator to find out how much you should be paid based on what someone in your area, with similar experience, earns. Use this personalized report to help negotiate a higher salary offer or find your dream career. 
What are some factors that impact Failure Analysis Engineer salaries? 
Several factors can impact your salary, including experience, company size, job market, location, industry, and more. Understanding how these factors affect your role can help you spot pay gaps and provide opportunities for a competitive salary.

About Our Data

This page is an excerpt of the much more complete compensation information available in ERI's Assessor Series.

ERI compiles the most robust and accurate salary, cost-of-living, and executive compensation survey database available. Data are analyzed using AI and traditional statistics, depending on which approach is best for a particular application. ERI collects salary survey data from five different sources, which you can learn about here.

Verified Sources
Data sourced from internal salary surveys, purchased surveys, public sources, HRIS data, and proprietary databases.
Real-Time Data
Our salary database is updated and verified approximately every six weeks.
Quality Assurance
Along with our data scientists, we have included AI in our rigorous process to analyze and provide the highest quality data.

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