Consultant Industrial Engineering salary in Iceland

Average Yearly Salary of Consultant Industrial Engineering in Iceland is approximately 14,876,705 ISK (103,529 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 Industrial Engineering do?

A consultant in industrial engineering is a professional who provides expert advice and guidance to businesses in various industries to optimize their production processes, increase efficiency, and reduce costs. They analyze existing systems, identify bottlenecks, and propose solutions to improve productivity and quality. Consultants in industrial engineering also conduct time and motion studies, develop work methods and procedures, and implement lean manufacturing principles. Their role involves collaborating with cross-functional teams, such as operations, logistics, and management, to streamline workflow, eliminate waste, and enhance overall performance. They may also assist in the design and layout of production facilities, evaluate equipment and technology, and provide training on best practices. Effective communication, problem-solving skills, and a strong analytical mindset are essential for success in this occupation.

Skills: Industrial Engineering, Process Optimization, Efficiency Improvement, Cost Reduction, Lean Manufacturing, Production Analysis
Job industry: Consulting

How much does Consultant Industrial Engineering make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Consultant Industrial Engineering a well paid job?

Yes, our data shows that Consultant Industrial Engineering 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 Industrial Engineering?

High salary for Consultant Industrial Engineering would be somewhere between 16,364,376 ISK and 21,571,222 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Consultant Industrial Engineering 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: 14,876,705 ISK
Estimated Monthly Salary: 1,239,725 ISK
Estimated Weekly Salary: 286,090 ISK per week
Estimated Hourly Salary: 7,152 ISK per hour
By working as Consultant Industrial Engineering a person can save up to 5,899 USD per month or 70,783 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 Consultant Industrial Engineering

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.

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Data as of 2025

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