Product Manager Banking salary in Iceland

Average Yearly Salary of Product Manager Banking in Iceland is approximately 17,247,617 ISK (120,549 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 Product Manager Banking do?

A Product Manager in the banking industry is responsible for the development and management of banking products and services. They work closely with cross-functional teams, including marketing, sales, technology, and operations, to identify market needs, define product strategies, and oversee the entire product lifecycle. This includes conducting market research, analyzing customer feedback, and collaborating with stakeholders to prioritize and execute product enhancements or new product launches. The Product Manager also ensures compliance with regulatory requirements, monitors market trends, and identifies opportunities for product innovation and differentiation. They are responsible for setting product pricing, defining product positioning, and creating marketing collateral to support sales efforts. Strong analytical skills, strategic thinking, and excellent communication skills are essential for this role.

Skills: Product Manager, Banking, Product Development, Market Research, Product Strategy, Innovation
Job industry: Banking

How much does Product Manager Banking make?

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


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Salary comparison to National average

Is Product Manager Banking a well paid job?

Yes, our data shows that Product Manager 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 Product Manager Banking?

High salary for Product Manager Banking would be somewhere between 18,972,379 ISK and 25,009,045 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Product Manager 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: 17,247,617 ISK
Estimated Monthly Salary: 1,437,301 ISK
Estimated Weekly Salary: 331,685 ISK per week
Estimated Hourly Salary: 8,292 ISK per hour
By working as Product Manager Banking a person can save up to 7,317 USD per month or 87,803 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 Product Manager 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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