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Consultant Banking salary in Norway

Average Yearly Salary of Consultant Banking in Norway is approximately 1,347,708 NOK (123,070 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 Consultant Banking do?

occupation personasA consultant in banking is a professional who provides expert advice and guidance to financial institutions and banks. They analyze the bank's operations, processes, and strategies to identify areas for improvement and recommend solutions to enhance efficiency, profitability, and risk management. Consultants in banking may specialize in various areas such as risk management, regulatory compliance, technology implementation, or mergers and acquisitions. Their responsibilities include conducting thorough research, data analysis, and market assessments to develop effective strategies and action plans. They collaborate with bank executives and teams to implement changes, monitor progress, and provide ongoing support. Consultants in banking also stay updated with industry trends, regulations, and best practices to ensure their recommendations align with current market conditions.

Skills: consultant banking, financial advisory, risk management, regulatory compliance, financial strategy, process improvement
Job industry: Finance


How much does Consultant Banking make?

Salary details
How much does Consultant Banking make?
Estimated Yearly Salary: 1,347,708 NOK
Estimated Monthly Salary: 112,309 NOK
Estimated Weekly Salary: 25,917 NOK per week
Estimated Hourly Salary: 648 NOK per hour
Values are pre-tax
Last revision of data: 2025-01-04

Comparing salary to last year:
Estimated Yearly Salary: 1,305,491 NOK
Estimated Monthly Salary: 108,791 NOK
Estimated Weekly Salary: 25,106 NOK per week
Estimated Hourly Salary: 628 NOK per hour
Last revision of data: 2024-01-08



Consultant Banking estimated salary in USD
For easier comparison here is an estimated salary in USD:
Estimated Yearly Salary: 123,070 USD
Estimated Monthly Salary: 10,256 USD
Estimated Weekly Salary: 2,367 USD per week
Estimated Hourly Salary: 59 USD per hour


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

About these results Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.

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Salary comparison to National average

Norway, located in Northern Europe, is a country known for its stunning natural landscapes, including fjords, mountains, and forests. With a population of approximately 5.4 million people, it is one of the least densely populated countries in Europe. The size of Norway is around 323,802 square kilometers, making it larger than many European countries.

Estimated national average yearly salary is 977,067 NOK (95,510 USD). Value indicated is pre-tax. Below graph shows estimated Consultant Banking job salary compared to average salary in Norway.
Comparison shows that a person working as Consultant Banking in Norway earns on average:
1.38 times the average salary (or 138% of average salary).

Is Consultant Banking a well paid job?

Yes, our data shows that Consultant 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 Consultant Banking?

High salary for Consultant Banking would be somewhere between 1,482,479 NOK and 1,954,177 NOK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Consultant Banking in Norway?

Living in Norway the approximate monthly expenses are: 3,820 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: 1,347,708 NOK
Estimated Monthly Salary: 112,309 NOK
Estimated Weekly Salary: 25,917 NOK per week
Estimated Hourly Salary: 648 NOK per hour
By working as Consultant Banking a person can save up to 6,435 USD per month or 77,225 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 Norway, see costs of living in Norway.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Sweden, Finland, Russia, Denmark.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Consultant Banking

Sweden is 81,024 USDdown arrow 34%
Details on Consultant Banking salary in Sweden
Finland is 70,026 USDdown arrow 43%
Details on Consultant Banking salary in Finland
Russia is 16,560 USDdown arrow 87%
Details on Consultant Banking salary in Russia
Denmark is 94,043 USDdown arrow 24%
Details on Consultant Banking salary in Denmark
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 up arrow+12% salary increase
    6 to 10 years of experience yields up arrow+25% salary increase
    11 to 15 years of experience yields up arrow+16% salary increase
    16 to 25 years of experience yields up arrow+9% salary increase
    more than 25 years of experience yields up arrow+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 Norway

(10,937,756 NOK per year, pre-tax.)
(9,106,184 NOK per year, pre-tax.)
(8,829,745 NOK per year, pre-tax.)
(8,566,101 NOK per year, pre-tax.)
(8,524,526 NOK per year, pre-tax.)
(8,361,766 NOK per year, pre-tax.)
(8,317,150 NOK per year, pre-tax.)
(8,311,831 NOK per year, pre-tax.)
(8,311,163 NOK per year, pre-tax.)
(8,310,747 NOK per year, pre-tax.)

Data as of 2025

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This website offers salary insights for informational purposes only.
This website displays salary figures exclusively for informational use. While we endeavor for accuracy, we do not guarantee the precision of all figures. Users must double-check salary details with official organizations before making financial decisions. Salary estimates may vary based on numerous elements, such as geographic location, experience, and job role. We accept no liability for misinterpretations in the salary estimates provided. By using optisalary.com, you acknowledge that salary data is subject to change.
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