Home > Salary > Iceland > Bank Branch Manager
A bank branch manager is responsible for overseeing the daily operations and overall performance of a bank branch. They are in charge of managing a team of employees, ensuring excellent customer service, and meeting sales targets. The branch manager handles customer inquiries, resolves complaints, and ensures compliance with banking regulations. They also develop and implement strategies to attract new customers and retain existing ones. Additionally, they analyze financial data, prepare reports, and make recommendations to improve branch performance. The branch manager plays a crucial role in maintaining a safe and secure banking environment by adhering to security protocols and monitoring cash transactions.
Estimated Yearly Salary: 10,822,373 ISK
Estimated Monthly Salary: 901,864 ISK
Estimated Weekly Salary: 208,123 ISK per week
Estimated Hourly Salary: 5,203 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 868,403 ISK
Estimated Weekly Salary: 200,401 ISK per week
Estimated Hourly Salary: 5,010 ISK per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 75,520 USD
Estimated Monthly Salary: 6,293 USD
Estimated Weekly Salary: 1,452 USD per week
Estimated Hourly Salary: 36 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 10,822,373 ISK
Estimated Monthly Salary: 901,864 ISK
Estimated Weekly Salary: 208,123 ISK per week
Estimated Hourly Salary: 5,203 ISK per hour
By working as Bank Branch Manager a person can save up to 3,565 USD per month or 42,774 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.
Estimated Yearly Salary for Bank Branch Manager
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Surgeon (44,660,473 ISK per year, pre-tax.)
City planner (11,012,732 ISK per year, pre-tax.)
Engineering administrator (8,081,359 ISK per year, pre-tax.)
Hr manager (9,410,576 ISK per year, pre-tax.)
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Bank Branch Manager salary in Iceland
Average Yearly Salary of Bank Branch Manager in Iceland is approximately 10,822,373 ISK (75,520 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 Bank Branch Manager do?
A bank branch manager is responsible for overseeing the daily operations and overall performance of a bank branch. They are in charge of managing a team of employees, ensuring excellent customer service, and meeting sales targets. The branch manager handles customer inquiries, resolves complaints, and ensures compliance with banking regulations. They also develop and implement strategies to attract new customers and retain existing ones. Additionally, they analyze financial data, prepare reports, and make recommendations to improve branch performance. The branch manager plays a crucial role in maintaining a safe and secure banking environment by adhering to security protocols and monitoring cash transactions.
Skills: Banking, Customer Service, Sales Management, Leadership, Financial Analysis, Compliance
Job industry: Banking
Job industry: Banking
How much does Bank Branch Manager make?
Salary details
How much does Bank Branch Manager make?Estimated Yearly Salary: 10,822,373 ISK
Estimated Monthly Salary: 901,864 ISK
Estimated Weekly Salary: 208,123 ISK per week
Estimated Hourly Salary: 5,203 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 10,420,839 ISKEstimated Monthly Salary: 868,403 ISK
Estimated Weekly Salary: 200,401 ISK per week
Estimated Hourly Salary: 5,010 ISK per hour
Last revision of data: 2024-01-03Bank Branch Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 75,520 USD
Estimated Monthly Salary: 6,293 USD
Estimated Weekly Salary: 1,452 USD per week
Estimated Hourly Salary: 36 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Salary comparison to National average
Iceland, a Nordic island country located in the North Atlantic Ocean, is known for its stunning natural landscapes and unique geological features. With a population of approximately 366,000 people, Iceland is one of the least densely populated countries in Europe. The country covers an area of about 103,000 square kilometers, making it the 18th largest island in the world.
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Bank Branch Manager job salary compared to average salary in Iceland.
Comparison shows that a person working as Bank Branch Manager in Iceland earns on average:
1.21 times the average salary (or 121% of average salary).
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Bank Branch Manager job salary compared to average salary in Iceland.
Comparison shows that a person working as Bank Branch Manager in Iceland earns on average:
1.21 times the average salary (or 121% of average salary).
Is Bank Branch Manager a well paid job?
No / we do not have enough data to assess this.What is considered a high salary for Bank Branch Manager?
High salary for Bank Branch Manager would be somewhere between 11,904,610 ISK and 15,692,441 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Bank Branch 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: 10,822,373 ISK
Estimated Monthly Salary: 901,864 ISK
Estimated Weekly Salary: 208,123 ISK per week
Estimated Hourly Salary: 5,203 ISK per hour
By working as Bank Branch Manager a person can save up to 3,565 USD per month or 42,774 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 Bank Branch Manager
Norway is 105,726 USD
United Kingdom is 49,531 USD
Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Iceland
(101,519,791 ISK per year, pre-tax.)
2. Cardiologist
(84,892,494 ISK per year, pre-tax.)
(82,036,676 ISK per year, pre-tax.)
4. Neurosurgeon
(79,530,435 ISK per year, pre-tax.)
(79,217,486 ISK per year, pre-tax.)
(77,544,423 ISK per year, pre-tax.)
(77,443,218 ISK per year, pre-tax.)
(77,278,803 ISK per year, pre-tax.)
9. Oncologist
(77,260,671 ISK per year, pre-tax.)
(77,231,503 ISK per year, pre-tax.)
Data as of 2025Random salary:
Surgeon (44,660,473 ISK per year, pre-tax.)
City planner (11,012,732 ISK per year, pre-tax.)
Engineering administrator (8,081,359 ISK per year, pre-tax.)
Hr manager (9,410,576 ISK per year, pre-tax.)
Parts advisor (4,564,362 ISK per year, pre-tax.)
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Salary information displayed on this site is for reference exclusively. Our figures are compiled various sources, but we cannot guarantee their accuracy. Users should always double-check salary details with official resources before making financial commitments. Salaries differ due to individual experience, market demand, and employer policies. We cannot offer any warranties about the validity of the provided salary data. By navigating this site, you acknowledge these limitations.
Salary data displayed on this site is for reference only. Our figures are compiled various sources, but we cannot guarantee absolute correctness. Users should always verify salary details with additional platforms before making financial commitments. Salaries fluctuate due to economic trends, job location, and negotiation skills. We make no warranties about the validity of the provided salary data. By continuing to use this site, you acknowledge these limitations.