Business Banking Relationship Manager salary in Iceland

Average Yearly Salary of Business Banking Relationship Manager in Iceland is approximately 17,226,038 ISK (121,019 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 Relationship Manager do?

A Business Banking Relationship Manager is responsible for managing and developing relationships with business clients in the banking industry. They act as a key point of contact for their clients, providing financial advice, solutions, and services to help businesses achieve their financial goals. The role involves analyzing the financial needs of clients, assessing their creditworthiness, and recommending suitable banking products and services such as loans, credit lines, cash management solutions, and investment options. They also assist with account opening, onboarding, and ongoing account maintenance. Building strong relationships with clients is crucial, as Relationship Managers strive to understand their clients' businesses and tailor banking solutions to meet their specific needs. They may also collaborate with other departments within the bank, such as credit risk and underwriting teams, to ensure a smooth and efficient banking experience for their clients.

Skills: Business banking, Relationship management, Financial advisory, Credit analysis, Account management, Client acquisition.
Job industry: Banking

How much does Business Banking Relationship Manager make?

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


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Salary comparison to National average

Is Business Banking Relationship Manager a well paid job?

Yes, our data shows that Business Banking Relationship Manager 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 Banking Relationship Manager?

High salary for Business Banking Relationship Manager would be somewhere between 18,948,642 ISK and 24,977,755 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Business Banking Relationship 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: 17,226,038 ISK
Estimated Monthly Salary: 1,435,503 ISK
Estimated Weekly Salary: 331,270 ISK per week
Estimated Hourly Salary: 8,282 ISK per hour
By working as Business Banking Relationship Manager a person can save up to 7,356 USD per month or 88,273 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 Relationship Manager

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.

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Data as of 2025

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