Home > Salary > Iceland > Bank President
A bank president is a high-ranking executive who oversees the overall operations and strategic direction of a bank. They are responsible for setting goals, developing policies, and ensuring the bank's financial stability and profitability. The bank president manages various departments within the bank, including lending, operations, finance, marketing, and human resources. They also play a crucial role in building relationships with key stakeholders such as clients, shareholders, regulators, and the community.
Estimated Yearly Salary: 29,708,021 ISK
Estimated Monthly Salary: 2,475,668 ISK
Estimated Weekly Salary: 571,308 ISK per week
Estimated Hourly Salary: 14,283 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 2,383,667 ISK
Estimated Weekly Salary: 550,077 ISK per week
Estimated Hourly Salary: 13,752 ISK per hour
Last revision of data: 2024-01-05
Estimated Yearly Salary: 207,079 USD
Estimated Monthly Salary: 17,257 USD
Estimated Weekly Salary: 3,982 USD per week
Estimated Hourly Salary: 100 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: 29,708,021 ISK
Estimated Monthly Salary: 2,475,668 ISK
Estimated Weekly Salary: 571,308 ISK per week
Estimated Hourly Salary: 14,283 ISK per hour
By working as Bank President a person can save up to 14,528 USD per month or 174,333 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 President
Last revision of data: 2025-01-04
Data as of 2025
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Bank President salary in Iceland
Average Yearly Salary of Bank President in Iceland is approximately 29,708,021 ISK (207,079 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 President do?
A bank president is a high-ranking executive who oversees the overall operations and strategic direction of a bank. They are responsible for setting goals, developing policies, and ensuring the bank's financial stability and profitability. The bank president manages various departments within the bank, including lending, operations, finance, marketing, and human resources. They also play a crucial role in building relationships with key stakeholders such as clients, shareholders, regulators, and the community.
Skills: Bank President, Executive Leadership, Financial Management, Strategic Planning, Stakeholder Relations, Operational Oversight
Job industry: Finance
Job industry: Finance
How much does Bank President make?
Salary details
How much does Bank President make?Estimated Yearly Salary: 29,708,021 ISK
Estimated Monthly Salary: 2,475,668 ISK
Estimated Weekly Salary: 571,308 ISK per week
Estimated Hourly Salary: 14,283 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 28,604,004 ISKEstimated Monthly Salary: 2,383,667 ISK
Estimated Weekly Salary: 550,077 ISK per week
Estimated Hourly Salary: 13,752 ISK per hour
Last revision of data: 2024-01-05Bank President estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 207,079 USD
Estimated Monthly Salary: 17,257 USD
Estimated Weekly Salary: 3,982 USD per week
Estimated Hourly Salary: 100 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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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 President job salary compared to average salary in Iceland.
Comparison shows that a person working as Bank President in Iceland earns on average:
3.32 times the average salary (or 332% 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 President job salary compared to average salary in Iceland.
Comparison shows that a person working as Bank President in Iceland earns on average:
3.32 times the average salary (or 332% of average salary).
Is Bank President a well paid job?
Yes, our data show that Bank President is a very 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 President?
High salary for Bank President would be somewhere between 32,678,823 ISK and 43,076,630 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Bank President 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: 29,708,021 ISK
Estimated Monthly Salary: 2,475,668 ISK
Estimated Weekly Salary: 571,308 ISK per week
Estimated Hourly Salary: 14,283 ISK per hour
By working as Bank President a person can save up to 14,528 USD per month or 174,333 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 President
Norway is 289,369 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:
Network engineer it (10,438,550 ISK per year, pre-tax.)
Reservoir engineer (16,211,456 ISK per year, pre-tax.)
Business manager (11,909,469 ISK per year, pre-tax.)
Home health assistant (3,937,930 ISK per year, pre-tax.)
Vascular ultrasound technologist (10,471,192 ISK per year, pre-tax.)
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