Senior Credit Analyst salary in Iceland

Average Yearly Salary of Senior Credit Analyst in Iceland is approximately 13,411,210 ISK (93,611 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 Senior Credit Analyst do?

A senior credit analyst is responsible for assessing the creditworthiness of individuals or businesses applying for loans or credit facilities. They analyze financial statements, credit reports, and other relevant data to evaluate the risk associated with granting credit. Senior credit analysts review loan applications, determine appropriate credit limits, and recommend approval or rejection based on their analysis. They also monitor existing credit accounts and conduct periodic reviews to assess ongoing creditworthiness. They work closely with clients, lenders, and other stakeholders to gather necessary information and provide recommendations. Additionally, senior credit analysts may assist in developing credit policies and procedures, as well as providing guidance and support to junior analysts.

Skills: senior credit analyst, credit analysis, credit risk assessment, financial analysis, loan underwriting, credit management
Job industry: Finance

How much does Senior Credit Analyst make?

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


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

Is Senior Credit Analyst a well paid job?

Yes, our data shows that Senior Credit Analyst 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 Senior Credit Analyst?

High salary for Senior Credit Analyst would be somewhere between 14,752,331 ISK and 19,446,255 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Senior Credit Analyst 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: 13,411,210 ISK
Estimated Monthly Salary: 1,117,601 ISK
Estimated Weekly Salary: 257,908 ISK per week
Estimated Hourly Salary: 6,448 ISK per hour
By working as Senior Credit Analyst a person can save up to 5,072 USD per month or 60,865 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 Senior Credit Analyst

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

Random salary:
Speech language pathologist (slp), clinical fellowship year (cfy) (12,760,176 ISK per year, pre-tax.)
Retail sales clerk (2,846,867 ISK per year, pre-tax.)
Assistant warehouse manager (4,902,930 ISK per year, pre-tax.)
Document controller (7,584,955 ISK per year, pre-tax.)
Supply chain intern (6,849,343 ISK per year, pre-tax.)

Feedback about these results