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Last updated: September 20, 2024
Vice President Retail Banking Salary
in Reykjavik, Iceland
This page is a promotion for ERI’s Assessor Series and is not intended for professional use.
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ISK 16,454,469
Average Salary
ISK 7,911/hr
Average Hourly
ISK 1,622,411
Average Bonus
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Last updated: September 20, 2024
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Salary Recap
The average pay for a Vice President Retail Banking is ISK 16,454,469 a year and ISK 7,911 an hour in Reykjavik, Iceland. The average salary range for a Vice President Retail Banking is between ISK 11,139,675 and ISK 20,173,179. On average, a Bachelor's Degree is the highest level of education for a Vice President Retail Banking. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Reykjavik, Iceland.
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.
Find actuarial salary survey data and benchmark salary and pay.
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Salary Potential
Salary Potential
Estimated salary in 2029:
ISK 21,550,215
5 Year Change:
31 %
Shift Differentials
Shift Differentials
Calculate Your Shift Differential
If your job has pay differentials, see how much more you could be earning with our shift differential calculator.
Based on the average salary in the United States, if your pay differential is 10%, your pay will increase by ISK 791.08/hour
*some jobs may not have shift differentials, please contact info.eri@erieri.com for additional information.
What Is Shift Differential Pay?
Shift differentials are used to adjust the compensation of an employee due to the time of day or the day of the week that the employee worked.
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This role may have pay shift differentials that could affect total compensation.
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About Reykjavik, Iceland
Reykjavik Cost of Living Score:
Description:
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. With a latitude of 64°08′ N, the city is 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, according to Landnámabók, was established by Ingólfr Arnarson in 874 AD. Until the 18th century, there was no...
Job Summary
Description:
- Plans, organizes, directs, and coordinates, through subordinate managerial personnel, activities of retail banking consumer products and services division.
- Oversees tellers and loan officers, new accounts, branch operations, deposit and lending services, customer service, new product research and development, marketing, personal banking, and private banking.
- Assesses market conditions, and recommends banking strategies to gain and sustain the bank's competitive edge.
- Acts under authority and responsibility delegated by a corporate executive officer.
- NOTE: ERI's findings based on asset size.
Vice President Retail Banking Job Listings for
No listings found
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Salary Recap
The average pay for a Vice President Retail Banking is ISK 16,454,469 a year and ISK 7,911 an hour in Reykjavik, Iceland. The average salary range for a Vice President Retail Banking is between ISK 11,139,675 and ISK 20,173,179. On average, a Bachelor's Degree is the highest level of education for a Vice President Retail Banking. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Reykjavik, Iceland.
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.
Find actuarial salary survey data and benchmark salary and pay.
Powered by ERI's Database
Who We Are
ERI Economic Research Institute compiles the best salary, cost-of-living, and executive compensation survey data available.
View our ProductsTake the guess work out of setting pay
Determine competitive salary levels, compare employee compensation with market benchmarks, and get instant access to reliable salary survey data online.
About Reykjavik, Iceland
Reykjavik Cost of Living Score:
Description:
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. With a latitude of 64°08′ N, the city is 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, according to Landnámabók, was established by Ingólfr Arnarson in 874 AD. Until the 18th century, there was no...
Job Summary
Description:
- Plans, organizes, directs, and coordinates, through subordinate managerial personnel, activities of retail banking consumer products and services division.
- Oversees tellers and loan officers, new accounts, branch operations, deposit and lending services, customer service, new product research and development, marketing, personal banking, and private banking.
- Assesses market conditions, and recommends banking strategies to gain and sustain the bank's competitive edge.
- Acts under authority and responsibility delegated by a corporate executive officer.
- NOTE: ERI's findings based on asset size.
Vice President Retail Banking Job Listings for
No listings found
Who We Are
ERI Economic Research Institute compiles the best salary, cost-of-living, and executive compensation survey data available.
View our ProductsTake the guess work out of setting pay
Determine competitive salary levels, compare employee compensation with market benchmarks, and get instant access to reliable salary survey data online.
You May Also Like
White Papers
Remote Work, AI, and Compensation Best Practices Survey Results - Spring 2024
Learn how remote work and artificial intelligence changes how organizations approach labor and compensation practices.
Read More
Planning Global Compensation Budgets for 2025
Learn about current global salary trends and salary increases in 2024 to strategically inform your financial planning decision for the upcoming year.
Read More
National Compensation Forecast July 2024
Review compensation trends and get guidance on expected total salary increases for the upcoming year with ERI's National Compensation Forecast.
Read More