Personal Banking Officer salary in Iceland

Average Yearly Salary of Personal Banking Officer in Iceland is approximately 9,330,395 ISK (65,596 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 Personal Banking Officer do?

A personal banking officer is responsible for providing personalized financial services and advice to individual clients. They work in banks or other financial institutions, assisting customers with their banking needs, including opening accounts, handling deposits and withdrawals, and providing information on various banking products and services. Personal banking officers analyze customers' financial situations and goals to recommend appropriate banking solutions, such as savings accounts, credit cards, loans, or investment options. They also assist clients with online and mobile banking services, resolve any account issues or concerns, and ensure compliance with banking regulations and policies.

Skills: Personal banking officer, Financial services, Customer assistance, Banking products, Financial advice, Account management
Job industry: Banking

How much does Personal Banking Officer make?

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


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Salary comparison to National average

Is Personal Banking Officer a well paid job?

Yes, our data show that Personal Banking Officer is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Personal Banking Officer?

High salary for Personal Banking Officer would be somewhere between 10,263,435 ISK and 13,529,073 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Personal Banking Officer 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: 9,330,395 ISK
Estimated Monthly Salary: 777,533 ISK
Estimated Weekly Salary: 179,431 ISK per week
Estimated Hourly Salary: 4,486 ISK per hour
By working as Personal Banking Officer a person can save up to 2,738 USD per month or 32,850 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 Personal Banking Officer

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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