Home > Salary > Iceland > Business Banking Manager
A business banking manager is responsible for overseeing the financial needs of businesses and providing them with tailored banking solutions. They work closely with business clients to understand their financial goals and objectives, and then develop strategies to help them achieve those goals. Business banking managers are knowledgeable about various financial products and services offered by the bank, such as loans, lines of credit, cash management solutions, and merchant services. They analyze the financial health of businesses, evaluate creditworthiness, and make recommendations for financing options. Additionally, they build and maintain relationships with business clients, ensuring high levels of customer satisfaction and retention. Business banking managers also collaborate with other departments within the bank, such as commercial lending and treasury management, to provide comprehensive financial solutions to businesses.
Estimated Yearly Salary: 22,074,042 ISK
Estimated Monthly Salary: 1,839,504 ISK
Estimated Weekly Salary: 424,501 ISK per week
Estimated Hourly Salary: 10,613 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,781,101 ISK
Estimated Weekly Salary: 411,023 ISK per week
Estimated Hourly Salary: 10,276 ISK per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 154,384 USD
Estimated Monthly Salary: 12,865 USD
Estimated Weekly Salary: 2,969 USD per week
Estimated Hourly Salary: 74 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 22,074,042 ISK
Estimated Monthly Salary: 1,839,504 ISK
Estimated Weekly Salary: 424,501 ISK per week
Estimated Hourly Salary: 10,613 ISK per hour
By working as Business Banking Manager a person can save up to 10,137 USD per month or 121,638 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.
Estimated Yearly Salary for Business Banking Manager
Last revision of data: 2025-01-04
Data as of 2025
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Business Banking Manager salary in Iceland
Average Yearly Salary of Business Banking Manager in Iceland is approximately 22,074,042 ISK (154,384 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 Banking Manager do?
A business banking manager is responsible for overseeing the financial needs of businesses and providing them with tailored banking solutions. They work closely with business clients to understand their financial goals and objectives, and then develop strategies to help them achieve those goals. Business banking managers are knowledgeable about various financial products and services offered by the bank, such as loans, lines of credit, cash management solutions, and merchant services. They analyze the financial health of businesses, evaluate creditworthiness, and make recommendations for financing options. Additionally, they build and maintain relationships with business clients, ensuring high levels of customer satisfaction and retention. Business banking managers also collaborate with other departments within the bank, such as commercial lending and treasury management, to provide comprehensive financial solutions to businesses.
Skills: Business banking, Financial solutions, Relationship management, Credit analysis, Cash management, Customer satisfaction
Job industry: Banking
Job industry: Banking
How much does Business Banking Manager make?
Salary details
How much does Business Banking Manager make?Estimated Yearly Salary: 22,074,042 ISK
Estimated Monthly Salary: 1,839,504 ISK
Estimated Weekly Salary: 424,501 ISK per week
Estimated Hourly Salary: 10,613 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 21,373,209 ISKEstimated Monthly Salary: 1,781,101 ISK
Estimated Weekly Salary: 411,023 ISK per week
Estimated Hourly Salary: 10,276 ISK per hour
Last revision of data: 2024-01-03Business Banking Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 154,384 USD
Estimated Monthly Salary: 12,865 USD
Estimated Weekly Salary: 2,969 USD per week
Estimated Hourly Salary: 74 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Iceland, a Nordic island country located in the North Atlantic Ocean, is known for its stunning natural landscapes and unique geological features. With a population of approximately 366,000 people, Iceland is one of the least densely populated countries in Europe. The country covers an area of about 103,000 square kilometers, making it the 18th largest island in the world.
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Business Banking Manager job salary compared to average salary in Iceland.
Comparison shows that a person working as Business Banking Manager in Iceland earns on average:
2.47 times the average salary (or 247% of average salary).
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Business Banking Manager job salary compared to average salary in Iceland.
Comparison shows that a person working as Business Banking Manager in Iceland earns on average:
2.47 times the average salary (or 247% of average salary).
Is Business Banking Manager a well paid job?
Yes, our data show that Business Banking Manager 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 Business Banking Manager?
High salary for Business Banking Manager would be somewhere between 24,281,446 ISK and 32,007,361 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Business Banking Manager 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: 22,074,042 ISK
Estimated Monthly Salary: 1,839,504 ISK
Estimated Weekly Salary: 424,501 ISK per week
Estimated Hourly Salary: 10,613 ISK per hour
By working as Business Banking Manager a person can save up to 10,137 USD per month or 121,638 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 Banking Manager
Norway is 215,849 USD
United Kingdom is 102,071 USD
Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Iceland
(101,519,791 ISK per year, pre-tax.)
2. Cardiologist
(84,892,494 ISK per year, pre-tax.)
(82,036,676 ISK per year, pre-tax.)
4. Neurosurgeon
(79,530,435 ISK per year, pre-tax.)
(79,217,486 ISK per year, pre-tax.)
(77,544,423 ISK per year, pre-tax.)
(77,443,218 ISK per year, pre-tax.)
(77,278,803 ISK per year, pre-tax.)
9. Oncologist
(77,260,671 ISK per year, pre-tax.)
(77,231,503 ISK per year, pre-tax.)
Data as of 2025Random salary:
Panel saw operator (5,155,221 ISK per year, pre-tax.)
Radiographer technologist (9,251,099 ISK per year, pre-tax.)
Pro shop clerk (4,206,345 ISK per year, pre-tax.)
Audio operator (8,591,764 ISK per year, pre-tax.)
Chief executive (25,701,088 ISK per year, pre-tax.)
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