Assistant Bank Manager salary in Iceland

Average Yearly Salary of Assistant Bank Manager in Iceland is approximately 9,444,504 ISK (66,377 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Assistant Bank Manager do?

An Assistant Bank Manager is responsible for overseeing the daily operations of a bank branch, assisting the bank manager in achieving branch targets, and ensuring excellent customer service. They supervise and train staff, handle customer inquiries and complaints, and resolve any issues that arise. Assistant Bank Managers also play a vital role in promoting and selling bank products and services, including loans, mortgages, and investment options. They work closely with the bank manager to develop and implement strategies to increase branch profitability and meet financial goals. Additionally, they ensure compliance with banking regulations and policies, perform administrative tasks, such as preparing reports and managing cash flow, and assist in making decisions related to loan approvals and risk management.

Skills: Assistant Bank Manager, Banking Operations, Customer Service, Sales and Marketing, Financial Management, Compliance
Job industry: Banking

How much does Assistant Bank Manager make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Assistant Bank Manager a well paid job?

Yes, our data show that Assistant Bank Manager is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Assistant Bank Manager?

High salary for Assistant Bank Manager would be somewhere between 10,388,954 ISK and 13,694,531 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Assistant Bank Manager in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 9,444,504 ISK
Estimated Monthly Salary: 787,042 ISK
Estimated Weekly Salary: 181,625 ISK per week
Estimated Hourly Salary: 4,541 ISK per hour
By working as Assistant Bank Manager a person can save up to 2,803 USD per month or 33,631 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Assistant Bank Manager

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Iceland

Data as of 2025

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