Branch Manager Banking salary in Iceland

Average Yearly Salary of Branch Manager Banking in Iceland is approximately 11,864,903 ISK (83,433 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 Branch Manager Banking do?

A branch manager in an automotive dealership is responsible for overseeing the operations and performance of a specific branch or location. They are in charge of managing a team of salespeople, service technicians, and administrative staff to ensure efficient and profitable operations. The branch manager is responsible for setting sales targets, developing marketing strategies, and implementing customer service initiatives to drive sales and enhance customer satisfaction. They also handle inventory management, pricing, and negotiation with suppliers. Additionally, the branch manager is responsible for maintaining compliance with company policies, industry regulations, and safety standards. They should possess strong leadership and communication skills, as well as extensive knowledge of the automotive industry and market trends.

Skills: Automotive industry, Sales management, Team leadership, Customer service, Inventory management, Compliance.
Job industry: Banking

How much does Branch Manager Banking 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 Branch Manager Banking a well paid job?

Yes, our data shows that Branch Manager Banking 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 Branch Manager Banking?

High salary for Branch Manager Banking would be somewhere between 13,051,393 ISK and 17,204,109 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Branch Manager Banking 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: 11,864,903 ISK
Estimated Monthly Salary: 988,742 ISK
Estimated Weekly Salary: 228,171 ISK per week
Estimated Hourly Salary: 5,704 ISK per hour
By working as Branch Manager Banking a person can save up to 4,224 USD per month or 50,687 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 Branch Manager Banking

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:
Family medicine doctor (24,198,540 ISK per year, pre-tax.)
Pc systems analyst (11,097,756 ISK per year, pre-tax.)
Equestrian (5,535,619 ISK per year, pre-tax.)
Web content specialist (9,319,688 ISK per year, pre-tax.)
Curriculum developer (12,653,784 ISK per year, pre-tax.)

Feedback about these results