Bank Team Leader salary in Iceland

Average Yearly Salary of Bank Team Leader in Iceland is approximately 10,674,560 ISK (74,595 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 Team Leader do?

A bank team leader is responsible for overseeing and managing a team of bank employees, ensuring smooth operations and efficient customer service. They provide guidance and support to their team members, setting goals and targets, and monitoring their performance. The bank team leader also plays a crucial role in resolving customer complaints and inquiries, ensuring compliance with banking regulations, and implementing new policies and procedures. They collaborate with other departments within the bank, such as sales and marketing, to achieve overall organizational goals. Strong leadership and communication skills are essential for this role, as well as a good understanding of banking products, services, and industry trends.

Skills: Bank team leader, Leadership, Customer service, Banking regulations, Performance management, Communication skills
Job industry: Banking

How much does Bank Team Leader make?

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


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

Is Bank Team Leader a well paid job?

Yes, our data show that Bank Team Leader 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 Bank Team Leader?

High salary for Bank Team Leader would be somewhere between 11,742,016 ISK and 15,478,112 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Bank Team Leader 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: 10,674,560 ISK
Estimated Monthly Salary: 889,547 ISK
Estimated Weekly Salary: 205,280 ISK per week
Estimated Hourly Salary: 5,132 ISK per hour
By working as Bank Team Leader a person can save up to 3,487 USD per month or 41,849 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 Team Leader

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

Random salary:
Registered nurse (rn), practice manager (12,760,176 ISK per year, pre-tax.)
Associate vice president for development (23,287,264 ISK per year, pre-tax.)
Architectural sales representative (10,952,513 ISK per year, pre-tax.)
Audio electronics technician (5,456,562 ISK per year, pre-tax.)
Face painter (6,031,603 ISK per year, pre-tax.)

Feedback about these results