Assistant Branch Manager Banking salary in Iceland

Average Yearly Salary of Assistant Branch Manager Banking in Iceland is approximately 9,323,139 ISK (65,434 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 Branch Manager Banking do?

An Assistant Branch Manager in banking is responsible for assisting the Branch Manager in overseeing the daily operations of a bank branch. They ensure that the branch is running smoothly and efficiently, providing excellent customer service, and meeting sales targets. Their duties include supervising staff, handling customer inquiries and complaints, managing cash transactions, promoting bank products and services, and ensuring compliance with banking regulations and policies. They also assist in developing and implementing strategies to increase branch profitability and enhance customer satisfaction. This role requires strong leadership skills, financial acumen, and the ability to multitask in a fast-paced environment.

Skills: Assistant Branch Manager, Banking, Customer Service, Sales, Leadership, Financial Acumen, Compliance
Job industry: Banking

How much does Assistant Branch Manager Banking 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 Branch Manager Banking a well paid job?

Yes, our data show that Assistant Branch Manager Banking 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 Branch Manager Banking?

High salary for Assistant Branch Manager Banking would be somewhere between 10,255,453 ISK and 13,518,552 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Assistant Branch Manager Banking 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: 9,323,139 ISK
Estimated Monthly Salary: 776,928 ISK
Estimated Weekly Salary: 179,291 ISK per week
Estimated Hourly Salary: 4,482 ISK per hour
By working as Assistant Branch Manager Banking a person can save up to 2,724 USD per month or 32,688 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 Branch Manager Banking

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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