Banking Director salary in Iceland

Average Yearly Salary of Banking Director in Iceland is approximately 18,162,071 ISK (127,131 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 Director do?

A banking director is a high-level executive responsible for overseeing the operations and strategic direction of a bank or financial institution. They play a crucial role in managing the bank's financial performance, ensuring compliance with regulations, and developing and implementing business strategies to drive growth and profitability. Banking directors are responsible for making key decisions related to lending, investments, risk management, and customer service. They collaborate with other senior executives to set goals and objectives, manage budgets, and monitor performance metrics. Additionally, they represent the bank in various external relationships, such as with regulators, investors, and community organizations.

Skills: Banking, Finance, Leadership, Strategy, Risk Management, Compliance
Job industry: Finance

How much does Banking Director make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Banking Director a well paid job?

Yes, our data show that Banking Director 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 Banking Director?

High salary for Banking Director would be somewhere between 19,978,278 ISK and 26,335,003 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Banking Director 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: 18,162,071 ISK
Estimated Monthly Salary: 1,513,506 ISK
Estimated Weekly Salary: 349,271 ISK per week
Estimated Hourly Salary: 8,732 ISK per hour
By working as Banking Director a person can save up to 7,865 USD per month or 94,385 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 Director

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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