Private Banking Relationship Manager salary in Iceland

Average Yearly Salary of Private Banking Relationship Manager in Iceland is approximately 15,791,763 ISK (110,640 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 Private Banking Relationship Manager do?

A Private Banking Relationship Manager is responsible for providing personalized financial solutions and services to high-net-worth individuals and families. They develop and maintain relationships with clients, understanding their financial goals, and offering tailored investment advice, wealth management strategies, and banking solutions. Relationship Managers collaborate with a team of specialists to deliver comprehensive financial plans, including investment management, estate planning, tax planning, and risk management. They actively seek new business opportunities, acquire new clients, and expand existing client relationships by delivering exceptional customer service and demonstrating expertise in financial products and services. Relationship Managers stay updated on market trends, regulatory changes, and industry developments to provide clients with the most relevant and accurate advice. They must possess strong communication and interpersonal skills to effectively engage with clients and build long-term relationships.

Skills: Private Banking, Relationship Management, Wealth Management, Investment Advisory, Financial Planning, High-Net-Worth Clients.
Job industry: Banking

How much does Private 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 Private Banking Relationship Manager a well paid job?

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

High salary for Private Banking Relationship Manager would be somewhere between 17,370,939 ISK and 22,898,056 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Private 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: 15,791,763 ISK
Estimated Monthly Salary: 1,315,980 ISK
Estimated Weekly Salary: 303,688 ISK per week
Estimated Hourly Salary: 7,592 ISK per hour
By working as Private Banking Relationship Manager a person can save up to 6,491 USD per month or 77,894 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 Private 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.

Top 10 highest salaries in Iceland

Data as of 2025

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