Business Process Analyst Banking salary in Iceland

Average Yearly Salary of Business Process Analyst Banking in Iceland is approximately 13,673,860 ISK (95,340 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 Process Analyst Banking do?

A business process analyst in banking is responsible for analyzing and improving the operational efficiency of various banking processes. They work closely with different departments within the bank to identify opportunities for streamlining workflows, reducing costs, and enhancing customer experience. The role involves conducting detailed analysis of existing processes, identifying gaps or bottlenecks, and proposing solutions or improvements. Business process analysts also collaborate with stakeholders to gather requirements, develop process documentation, and implement changes. They may also be involved in conducting training sessions for employees to ensure smooth adoption of new processes.

Skills: Business process analysis, Banking operations, Process improvement, Workflow optimization, Cost reduction, Customer experience enhancement
Job industry: Banking

How much does Business Process Analyst Banking 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 Process Analyst Banking a well paid job?

Yes, our data shows that Business Process Analyst 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 Business Process Analyst Banking?

High salary for Business Process Analyst Banking would be somewhere between 15,041,246 ISK and 19,827,097 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Business Process Analyst 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: 13,673,860 ISK
Estimated Monthly Salary: 1,139,488 ISK
Estimated Weekly Salary: 262,959 ISK per week
Estimated Hourly Salary: 6,574 ISK per hour
By working as Business Process Analyst Banking a person can save up to 5,216 USD per month or 62,594 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 Process Analyst 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.

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Data as of 2025

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