Average KYC Team Leader Salary in Norway for 2024

In this article, we will look at the average KYC Team Leader salary for 2024 in Norway and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Norwegian krone. To keep things simple, we are using the NOK currency code instead of the currency symbol kr.

How Much Does a KYC Team Leader Make in Norway?

A KYC Team Leader working in Norway will typically earn around 809,600 NOK per year, and this can range from the lowest average salary of about 371,100 NOK to the highest average salary of 1,289,500 NOK.

Average Annual Salary
809,600 NOK
Average Monthly Salary
67,466 NOK

Lowest Annual Salary
371,100 NOK
Lowest Monthly Salary
30,925 NOK

Highest Annual Salary
1,289,500 NOK
Highest Monthly Salary
107,458 NOK

These are average salaries for a KYC Team Leader in Norway and include benefits such as housing and transport. It's also possible for a KYC Team Leader to earn more or less than the average salaries shown above.

KYC Team Leader salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of KYC Team Leader Salaries in Norway

So we've looked at the average salaries a KYC Team Leader will earn in Norway. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a KYC Team Leader can earn between 371,100 NOK and 1,289,500 NOK on average in Norway. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a KYC Team Leader in Norway is 875,100 NOK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 875,100 NOK, and 50% of the population earn more than 875,100 NOK.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average KYC Team Leader salary in Norway, 25% of the population are earning less than 559,100 NOK while 75% of the population earn more than 559,100 NOK.

75% of the population earn less than 1,168,300 NOK, and 25% of the population earn more than 1,168,300 NOK.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

KYC Team Leader Salary by Experience Level in Norway

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average kyc team leader salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A KYC Team Leader in Norway that has less than two years of experience can expect to earn somewhere in the region of 421,700 NOK.
  • 2 - 5 Years Experience. With two to five years of experience the average KYC Team Leader salary would increase to 562,600 NOK.
  • 5 - 10 Years Experience. From five to ten years of experience as a KYC Team Leader, the average salary would be 832,300 NOK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 1,021,800 NOK.
  • 15 - 20 Years Experience. A KYC Team Leader with 15 to 20 years of experience can earn an average of 1,109,200 NOK.
  • 20+ Years Experience. For a KYC Team Leader with more than 20 years, the expected average salary increases to 1,198,300 NOK.

Average Salary by Experience Chart

0-2 Years
421,700 NOK
2-5 Years +34%
562,600 NOK
5-10 Years +48%
832,300 NOK
10-15 Years +22%
1,021,800 NOK
15-20 Years +9%
1,109,200 NOK
20+ Years +8%
1,198,300 NOK

KYC Team Leader Salary by Education Level in Norway

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a KYC Team Leader in Norway based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A KYC Team Leader in Norway with a high school education can earn an average salary of 519,600 NOK.

  • Certificate or Diploma. A KYC Team Leader in Norway with a certificate or diploma education can earn an average salary of 609,700 NOK.

  • Bachelor's Degree. A KYC Team Leader in Norway with a bachelor's degree education can earn an average salary of 883,800 NOK.

  • Master's Degree. A KYC Team Leader in Norway with a master's degree education can earn an average salary of 1,161,100 NOK.

Average Salary by Education Chart

High School
519,600 NOK
Certificate or Diploma +18%
609,700 NOK
Bachelor's Degree +45%
883,800 NOK
Master's Degree +31%
1,161,100 NOK

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Norway is around 255,000 to 765,000 NOK and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

KYC Team Leader Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Norway, a male kyc team leader will earn an average of 824,500 NOK, while a female kyc team leader will earn around 793,800 NOK.

This means that a male kyc team leader earns approximately 4% more than a female kyc team leader for performing the same job.

Average Salary by Gender Chart in Norway

Male
824,500 NOK
Female -4%
793,800 NOK

KYC Team Leader Average Pay Raise in Norway

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a KYC Team Leader in Norway is around 13% every 15 months.

The national average pay raise across all professions and industries in Norway is around 9% every 15 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 13 ÷ 15 ) × 12  = 10%

What this means is that a KYC Team Leader in Norway can expect to receive an average pay raise of around 10% every 12 months.

Annual Pay Raise by Industry in Norway for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Norway.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
9%
Energy
9%
Information Technology
9%
Healthcare
9%
Travel
9%
Construction
9%
Education
9%

KYC Team Leader Bonus and Incentive Rates in Norway

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A KYC Team Leader is a high bonus based job, with 86% of employees reporting at least one bonus in the last 12 months.

14% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 5% to 9%.

Received Bonus
86%
No Bonus
14%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Norway earn approximately 5% more than private sector employees in the same role.

Public Sector
628,700 NOK
Private Sector -5%
596,600 NOK

Salaries for Jobs Similar to a KYC Team Leader

In the table below, we have salary information for jobs that are similar to a KYC Team Leader in Norway.

Job Title Category Salary
Account Examiner Accounting and Finance 325,900 NOK
Account Executive Accounting and Finance 542,300 NOK
Accountant Accounting and Finance 426,500 NOK
Accounting Analyst Accounting and Finance 514,800 NOK
Accounting Assistant Accounting and Finance 319,700 NOK
Accounting Associate Accounting and Finance 294,300 NOK
Accounting Clerk Accounting and Finance 258,700 NOK
Accounting Coordinator Accounting and Finance 392,400 NOK
Accounting Head Accounting and Finance 858,400 NOK
Accounting Manager Accounting and Finance 912,800 NOK
Accounting Officer Accounting and Finance 327,200 NOK
Accounting Specialist Accounting and Finance 579,100 NOK
Accounting Supervisor Accounting and Finance 577,600 NOK
Accounting Technician Accounting and Finance 296,500 NOK
Accounting Unit Controller Accounting and Finance 744,700 NOK
Accounts Executive Accounting and Finance 524,200 NOK
Accounts Officer Accounting and Finance 324,100 NOK
Accounts Payable and Receivable Specialist Accounting and Finance 428,400 NOK
Accounts Payable Assistant Accounting and Finance 353,900 NOK
Accounts Payable Associate Accounting and Finance 394,500 NOK
Accounts Payable Clerk Accounting and Finance 305,200 NOK
Accounts Payable Manager Accounting and Finance 868,200 NOK
Accounts Receivable Administrator Accounting and Finance 649,900 NOK
Accounts Receivable Clerk Accounting and Finance 313,900 NOK
Accounts Receivable Financial Analyst Accounting and Finance 615,800 NOK
Accounts Receivable Manager Accounting and Finance 790,700 NOK
Accounts Receivable Team Leader Accounting and Finance 618,400 NOK
Assistant Accountant Accounting and Finance 335,800 NOK
Assistant Accounting Manager Accounting and Finance 757,300 NOK
Assistant Auditor Accounting and Finance 440,100 NOK
Assistant Corporate Controller Accounting and Finance 592,700 NOK
Assistant Finance Manager Accounting and Finance 861,900 NOK
Assistant Financial Controller Accounting and Finance 555,000 NOK
Audit Director Accounting and Finance 979,900 NOK
Audit Supervisor Accounting and Finance 752,000 NOK
Auditing Clerk Accounting and Finance 324,100 NOK
Auditing Manager Accounting and Finance 899,000 NOK
Billing Clerk Accounting and Finance 340,500 NOK
Billing Coordinator Accounting and Finance 392,400 NOK
Billing Specialist Accounting and Finance 471,000 NOK
Billing Supervisor Accounting and Finance 649,900 NOK
Bookkeeper Accounting and Finance 271,300 NOK
Bookkeeping Specialist Accounting and Finance 405,600 NOK
Budget Analyst Accounting and Finance 750,900 NOK
Budget Manager Accounting and Finance 862,400 NOK
Business Support Analyst Accounting and Finance 497,600 NOK
Capital Markets Associate Accounting and Finance 633,800 NOK
Cash Flow Analyst Accounting and Finance 609,000 NOK
Cash Management Manager Accounting and Finance 847,600 NOK
Cash Management Officer Accounting and Finance 472,100 NOK
Cashbook Clerk Accounting and Finance 283,500 NOK
Chartered Accountant Accounting and Finance 559,100 NOK
Chief Accountant Accounting and Finance 641,800 NOK
Collections Clerk Accounting and Finance 248,400 NOK
Collections Representative Accounting and Finance 368,600 NOK
Collections Specialist Accounting and Finance 454,400 NOK
Corporate Controller Accounting and Finance 690,700 NOK
Corporate Treasurer Accounting and Finance 847,600 NOK
Cost Accountant Accounting and Finance 440,100 NOK
Cost Accounting Manager Accounting and Finance 849,300 NOK
Cost Accounting Supervisor Accounting and Finance 658,300 NOK
Cost Analyst Accounting and Finance 654,900 NOK
Credit and Collection Manager Accounting and Finance 836,300 NOK
Credit and Collection Staff Accounting and Finance 324,100 NOK
Credit and Loans Officer Accounting and Finance 315,400 NOK
Credit Controller Accounting and Finance 558,700 NOK
Credit Manager Accounting and Finance 877,000 NOK
Debt Adviser Accounting and Finance 715,200 NOK
Debt Collector Accounting and Finance 336,800 NOK
Debtors Clerk Accounting and Finance 295,700 NOK
Debtors Controller Accounting and Finance 327,200 NOK
Deputy CFO Accounting and Finance 1,179,100 NOK
Deputy Head of Finance Accounting and Finance 1,209,300 NOK
Derivative Trader Accounting and Finance 719,100 NOK
Director of Finance Accounting and Finance 1,301,300 NOK
Economist Accounting and Finance 1,021,800 NOK
Equity Analyst Accounting and Finance 781,900 NOK
Escrow Assistant Accounting and Finance 363,500 NOK
Executive Accountant Accounting and Finance 466,400 NOK
External Auditor Accounting and Finance 581,000 NOK
Finance Administrator Accounting and Finance 505,000 NOK
Finance Analyst Accounting and Finance 748,600 NOK
Finance Associate Accounting and Finance 364,700 NOK
Finance Director Accounting and Finance 1,308,200 NOK
Finance Executive Accounting and Finance 883,500 NOK
Finance Licensing Clerk Accounting and Finance 291,000 NOK
Finance Licensing Manager Accounting and Finance 824,600 NOK
Finance Licensing Specialist Accounting and Finance 447,500 NOK
Finance Manager Accounting and Finance 1,198,300 NOK
Finance Officer Accounting and Finance 409,800 NOK
Finance President Accounting and Finance 1,219,200 NOK
Finance Relationship Manager Accounting and Finance 954,900 NOK
Finance Release Analyst Accounting and Finance 470,500 NOK
Finance Specialist Accounting and Finance 682,000 NOK
Finance Team Leader Accounting and Finance 977,100 NOK
Financial Accountant Accounting and Finance 440,100 NOK
Financial Actuary Accounting and Finance 659,200 NOK
Financial Administrator Accounting and Finance 668,300 NOK
Financial Advisor Accounting and Finance 795,600 NOK
Financial Analyst Accounting and Finance 730,300 NOK
Financial Applications Specialist Accounting and Finance 536,200 NOK
Financial Assistant Accounting and Finance 330,900 NOK
Financial Associate Accounting and Finance 330,700 NOK
Financial Associate Accounting and Finance 404,400 NOK
Financial Claims Analyst Accounting and Finance 570,100 NOK
Financial Claims Manager Accounting and Finance 727,600 NOK
Financial Claims Supervisor Accounting and Finance 719,100 NOK
Financial Clerk Accounting and Finance 311,700 NOK
Financial Commercial Analyst Accounting and Finance 628,700 NOK
Financial Compliance Analyst Accounting and Finance 664,000 NOK
Financial Consultant Accounting and Finance 589,400 NOK
Financial Controller Accounting and Finance 665,100 NOK
Financial Controller Accounting and Finance 696,200 NOK
Financial Coordinator Accounting and Finance 393,300 NOK
Financial Customer Service Manager Accounting and Finance 739,400 NOK
Financial Dealer and Broker Accounting and Finance 454,900 NOK
Financial Director Accounting and Finance 1,239,100 NOK
Financial Encoder Accounting and Finance 377,900 NOK
Financial Manager Accounting and Finance 1,128,500 NOK
Financial Manager Accounting and Finance 1,168,300 NOK
Financial Operations Manager Accounting and Finance 1,039,000 NOK
Financial Policy Analyst Accounting and Finance 650,800 NOK
Financial Project Manager Accounting and Finance 883,500 NOK
Financial Quantitative Analyst Accounting and Finance 747,700 NOK
Financial Reporting Consultant Accounting and Finance 603,100 NOK
Financial Reporting Manager Accounting and Finance 798,400 NOK
Financial Section Head Accounting and Finance 823,200 NOK
Financial Services Manager Accounting and Finance 1,128,500 NOK
Financial Services Sales Agent Accounting and Finance 444,600 NOK
Fixed Assets Administrator Accounting and Finance 425,100 NOK
Forensic Accountant Accounting and Finance 479,800 NOK
Fraud Detection Supervisor Accounting and Finance 530,200 NOK
Fraud Prevention Manager Accounting and Finance 847,400 NOK
Fund Accountant Accounting and Finance 421,700 NOK
Grants Coordinator Accounting and Finance 304,300 NOK
Group Financial Manager Accounting and Finance 1,209,300 NOK
Internal Auditor Accounting and Finance 592,700 NOK
Internal Control Adviser Accounting and Finance 680,100 NOK
Internal Control Officer Accounting and Finance 363,500 NOK
International Tax Director Accounting and Finance 1,061,900 NOK
Inventory Accountant Accounting and Finance 449,400 NOK
Investment Advisor Accounting and Finance 1,138,300 NOK
Investment Analyst Accounting and Finance 810,200 NOK
Investment Associate Accounting and Finance 725,500 NOK
Investment Broker Accounting and Finance 731,700 NOK
Investment Fund Manager Accounting and Finance 927,600 NOK
Investment Operations Manager Accounting and Finance 937,500 NOK
Investment Underwriter Accounting and Finance 376,000 NOK
Investor Accounting and Finance 542,300 NOK
Investor Relations Manager Accounting and Finance 813,800 NOK
Loan Processor Accounting and Finance 353,600 NOK
Management Accountant Accounting and Finance 485,400 NOK
Management Economist Accounting and Finance 941,200 NOK
Paymaster Accounting and Finance 349,800 NOK
Payroll Administrator Accounting and Finance 579,700 NOK
Payroll Benefits Coordinator Accounting and Finance 472,100 NOK
Payroll Billing Manager Accounting and Finance 755,800 NOK
Payroll Clerk Accounting and Finance 368,600 NOK
Payroll Manager Accounting and Finance 747,900 NOK
Payroll Officer Accounting and Finance 381,200 NOK
Payroll Specialist Accounting and Finance 440,100 NOK
Payroll Supervisor Accounting and Finance 554,500 NOK
Pensions Administrator Accounting and Finance 428,400 NOK
Personal Financial Advisor Accounting and Finance 649,900 NOK
Pricing Analyst Accounting and Finance 677,700 NOK
Private Equity Analyst Accounting and Finance 763,300 NOK
Project Accountant Accounting and Finance 444,600 NOK
Proposal Development Coordinator Accounting and Finance 358,200 NOK
Receivables Accountant Accounting and Finance 373,100 NOK
Regulatory Accountant Accounting and Finance 441,500 NOK
Retirement Plan Analyst Accounting and Finance 690,700 NOK
Revenue Management Specialist Accounting and Finance 690,700 NOK
Revenue Recognition Analyst Accounting and Finance 780,700 NOK
Risk Management Director Accounting and Finance 990,700 NOK
Risk Management Supervisor Accounting and Finance 868,200 NOK
Staff Accountant Accounting and Finance 410,900 NOK
Tax Accountant Accounting and Finance 401,300 NOK
Tax Administrator Accounting and Finance 449,400 NOK
Tax Advisor Accounting and Finance 672,800 NOK
Tax Analyst Accounting and Finance 646,600 NOK
Tax Associate Accounting and Finance 349,300 NOK
Tax Consultant Accounting and Finance 650,800 NOK
Tax Director Accounting and Finance 1,000,300 NOK
Tax Examiner Accounting and Finance 449,400 NOK
Tax Manager Accounting and Finance 860,200 NOK
Tax Research Manager Accounting and Finance 829,600 NOK
Teller Accounting and Finance 257,700 NOK
Treasury Accountant Accounting and Finance 440,100 NOK
Treasury Analyst Accounting and Finance 674,900 NOK
Underwriter Accounting and Finance 301,800 NOK
Underwriting Assistant Accounting and Finance 272,800 NOK
Vice President of Finance Accounting and Finance 1,179,100 NOK

Salary Comparison by City

If you want to compare salaries with different cities in Norway, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Oslo 931,500 NOK
Stavanger 836,300 NOK
Tromso 798,400 NOK
Trondheim 888,400 NOK

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