Business Analyst Financebanking salary in Iceland

Average Yearly Salary of Business Analyst Financebanking in Iceland is approximately 13,009,431 ISK (90,486 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 Business Analyst Financebanking do?

The occupation of a Business Analyst in the finance and banking industry involves analyzing financial data, identifying trends, and providing insights to support decision-making processes. They work closely with stakeholders such as managers, executives, and clients to understand their requirements and goals. Business Analysts in this field also conduct market research, assess risk factors, and develop strategies to optimize financial performance. They use various tools and techniques to analyze financial statements, evaluate investment opportunities, and create financial models. Additionally, they collaborate with cross-functional teams to implement process improvements, streamline operations, and ensure regulatory compliance. The role requires strong analytical skills, proficiency in financial software and tools, and excellent communication abilities to effectively present findings and recommendations.

Skills: Business Analyst, Finance, Banking, Financial Analysis, Risk Assessment, Data Analysis
Job industry: Finance

How much does Business Analyst Financebanking make?

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


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Salary comparison to National average

Is Business Analyst Financebanking a well paid job?

Yes, our data shows that Business Analyst Financebanking 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 Business Analyst Financebanking?

High salary for Business Analyst Financebanking would be somewhere between 14,310,374 ISK and 18,863,675 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Business Analyst Financebanking 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: 13,009,431 ISK
Estimated Monthly Salary: 1,084,119 ISK
Estimated Weekly Salary: 250,181 ISK per week
Estimated Hourly Salary: 6,255 ISK per hour
By working as Business Analyst Financebanking a person can save up to 4,812 USD per month or 57,740 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 Business Analyst Financebanking

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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