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Last Updated: May 08, 2024

Financial Institution Manager

11.815.405 ISK (ISK)/yr

5.680,48 ISK (ISK)/hr

992.494 ISK (ISK)/yr

The average financial institution manager gross salary in Reykjavik, Iceland is 11.815.405 ISK or an equivalent hourly rate of 5.680 ISK. This is 3% higher (+344.139 ISK) than the average financial institution manager salary in Iceland. In addition, they earn an average bonus of 992.494 ISK. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Reykjavik, Iceland. An entry level financial institution manager (1-3 years of experience) earns an average salary of 8.243.372 ISK. On the other end, a senior level financial institution manager (8+ years of experience) earns an average salary of 14.727.194 ISK.

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ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.

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15.108.529 ISK (ISK)

28 %

Based on our compensation data, the estimated salary potential for Financial Institution Manager will increase 28 % over 5 years.

N/A

This chart displays the highest level of education for:
Financial Institution Manager, the majority at 53% with bachelors.

Typical Field of Study: Finance

See how education can impact your salary

Reykjavik, Iceland

The cost of living in Reykjavik, Iceland is 11% more than the average cost of living in Iceland. Cost of living is calculated based on accumulating the cost of food, transportation, health services, rent, utilities, taxes, and miscellaneous.

View Cost of Living Page

Reykjavík ( RAYK-yə-vik, -⁠veek; Icelandic: [ˈreiːcaˌviːk] ) is the capital and largest city of Iceland. It is located in southwestern Iceland, on the southern shore of Faxaflói bay. Its latitude is 64°08′ N, making it the world's northernmost capital of a sovereign state. Reykjavík has a population of around 140,000 as of 2023 (up from 121,822 in 2015). The Capital Region has a population of around 248,000. Reykjavík is believed to be the location of the first permanent settlement in Iceland, which...

Sourced from Wikipedia
Manages branch or office of financial institutions, such as commercial bank, credit union, finance company, mortgage company, savings bank, or trust company: directs and coordinates activities to implement institution policies, procedures, and practices concerning granting or extending lines of credit, commercial loans, real estate loans, and consumer credit loans. Directs, through subordinate supervisors, activities of workers engaged in implementing establishment... services and performing such functions as collecting delinquent accounts, authorizing loans, or opening savings account. Establishes procedures for custody and control of assets, records, loan collateral, and securities to ensure safekeeping. Contacts customers and business, community, and civic organizations to promote goodwill and generate new business. May prepare financial and regulatory reports required by law, regulations, and board of directors. May examine, evaluate, and process loan applications. May recommend securities to board or corporate officers for institution investment. May talk to customers to resolve account problems. May interview and hire workers. May evaluate data pertaining to costs to plan budget. May plan and develop methods and procedures for carrying out activities of establishment. May be designated according to type of financial institution managed, as manager, branch bank; manager, commercial bank; manager, credit union; manager, finance company; manager, mortgage company; manager, savings bank; manager, trust c. Read More

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Disclaimer

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ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.

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