Banking Analyst salary in Iceland

Average Yearly Salary of Banking Analyst in Iceland is approximately 13,488,834 ISK (94,437 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 Banking Analyst do?

A banking analyst is a financial professional who specializes in evaluating and analyzing the performance of banks and financial institutions. They are responsible for conducting research, gathering data, and preparing reports on various aspects such as financial statements, market trends, risk assessment, and investment opportunities. Banking analysts also monitor regulatory compliance, assess creditworthiness, and provide recommendations to senior management or clients. The role of a banking analyst requires strong analytical skills, attention to detail, and proficiency in financial modeling and data analysis. They must stay updated with industry trends, economic developments, and regulatory changes that may impact the banking sector. Effective communication and presentation skills are essential for conveying complex financial information to stakeholders.

Skills: Banking, Financial Analysis, Risk Assessment, Investment Opportunities, Regulatory Compliance, Financial Modeling
Job industry: Finance

How much does Banking Analyst make?

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


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Salary comparison to National average

Is Banking Analyst a well paid job?

Yes, our data shows that Banking Analyst 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 Banking Analyst?

High salary for Banking Analyst would be somewhere between 14,837,717 ISK and 19,558,809 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Banking Analyst 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: 13,488,834 ISK
Estimated Monthly Salary: 1,124,070 ISK
Estimated Weekly Salary: 259,401 ISK per week
Estimated Hourly Salary: 6,485 ISK per hour
By working as Banking Analyst a person can save up to 5,141 USD per month or 61,691 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 Banking Analyst

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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