Home > Salary > Iceland > Bank Executive
A bank executive is a high-level professional responsible for overseeing the strategic and operational activities of a bank. They play a crucial role in managing the bank's overall performance, ensuring compliance with regulations, and making informed decisions to drive growth and profitability. Bank executives are involved in setting financial goals, developing and implementing business strategies, and monitoring key performance indicators.
Their responsibilities may include managing relationships with clients, stakeholders, and regulators, as well as leading teams and departments within the bank. They are also responsible for assessing and managing risks, ensuring the bank's financial stability, and staying updated on industry trends and market conditions.
Estimated Yearly Salary: 11,744,716 ISK
Estimated Monthly Salary: 978,726 ISK
Estimated Weekly Salary: 225,860 ISK per week
Estimated Hourly Salary: 5,646 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 948,150 ISK
Estimated Weekly Salary: 218,804 ISK per week
Estimated Hourly Salary: 5,470 ISK per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 82,530 USD
Estimated Monthly Salary: 6,878 USD
Estimated Weekly Salary: 1,587 USD per week
Estimated Hourly Salary: 40 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
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: 11,744,716 ISK
Estimated Monthly Salary: 978,726 ISK
Estimated Weekly Salary: 225,860 ISK per week
Estimated Hourly Salary: 5,646 ISK per hour
By working as Bank Executive a person can save up to 4,149 USD per month or 49,784 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 Executive
Last revision of data: 2025-01-04
Data as of 2025
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Bank Executive salary in Iceland
Average Yearly Salary of Bank Executive in Iceland is approximately 11,744,716 ISK (82,530 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 Executive do?
A bank executive is a high-level professional responsible for overseeing the strategic and operational activities of a bank. They play a crucial role in managing the bank's overall performance, ensuring compliance with regulations, and making informed decisions to drive growth and profitability. Bank executives are involved in setting financial goals, developing and implementing business strategies, and monitoring key performance indicators.
Their responsibilities may include managing relationships with clients, stakeholders, and regulators, as well as leading teams and departments within the bank. They are also responsible for assessing and managing risks, ensuring the bank's financial stability, and staying updated on industry trends and market conditions.
Skills: Bank executive, Financial management, Strategic planning, Compliance, Risk management, Leadership
Job industry: Finance
Job industry: Finance
How much does Bank Executive make?
Salary details
How much does Bank Executive make?Estimated Yearly Salary: 11,744,716 ISK
Estimated Monthly Salary: 978,726 ISK
Estimated Weekly Salary: 225,860 ISK per week
Estimated Hourly Salary: 5,646 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 11,377,795 ISKEstimated Monthly Salary: 948,150 ISK
Estimated Weekly Salary: 218,804 ISK per week
Estimated Hourly Salary: 5,470 ISK per hour
Last revision of data: 2024-01-02Bank Executive estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 82,530 USD
Estimated Monthly Salary: 6,878 USD
Estimated Weekly Salary: 1,587 USD per week
Estimated Hourly Salary: 40 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %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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Country:
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 Executive job salary compared to average salary in Iceland.
Comparison shows that a person working as Bank Executive in Iceland earns on average:
1.31 times the average salary (or 131% 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 Executive job salary compared to average salary in Iceland.
Comparison shows that a person working as Bank Executive in Iceland earns on average:
1.31 times the average salary (or 131% of average salary).
Is Bank Executive a well paid job?
Yes, our data shows that Bank Executive is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Bank Executive?
High salary for Bank Executive would be somewhere between 12,919,188 ISK and 17,029,838 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Bank Executive 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: 11,744,716 ISK
Estimated Monthly Salary: 978,726 ISK
Estimated Weekly Salary: 225,860 ISK per week
Estimated Hourly Salary: 5,646 ISK per hour
By working as Bank Executive a person can save up to 4,149 USD per month or 49,784 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 Executive
Norway is 115,258 USD
United Kingdom is 54,091 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:
Plant maintenance manager (14,140,708 ISK per year, pre-tax.)
Scada programmer (13,356,067 ISK per year, pre-tax.)
Access database administrator (14,036,165 ISK per year, pre-tax.)
Department manager retail store (4,349,415 ISK per year, pre-tax.)
Mastering engineer (11,008,284 ISK per year, pre-tax.)
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