Director Of Engineering salary in Iceland

Average Yearly Salary of Director Of Engineering in Iceland is approximately 28,580,395 ISK (199,590 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 Director Of Engineering do?

The Director of Engineering is a leadership position responsible for overseeing and managing the engineering department within an organization. This role involves setting strategic goals, developing and implementing engineering processes, and ensuring the successful execution of engineering projects. The Director of Engineering works closely with other departments, such as product management and operations, to align engineering efforts with business objectives. They are responsible for managing a team of engineers, providing technical guidance and mentoring, and ensuring the team's professional growth. Additionally, they collaborate with stakeholders to identify and prioritize engineering needs, manage budgets and resources, and drive continuous improvement within the department.

Skills: Director of Engineering, Engineering Leadership, Strategic Planning, Project Management, Team Management, Technical Guidance
Job industry: Engineering

How much does Director Of 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 Director Of Engineering a well paid job?

Yes, our data show that Director Of Engineering is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Director Of Engineering?

High salary for Director Of Engineering would be somewhere between 31,438,435 ISK and 41,441,573 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Director Of 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: 28,580,395 ISK
Estimated Monthly Salary: 2,381,700 ISK
Estimated Weekly Salary: 549,623 ISK per week
Estimated Hourly Salary: 13,741 ISK per hour
By working as Director Of Engineering a person can save up to 13,904 USD per month or 166,844 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 Director Of 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.

Top 10 highest salaries in Iceland

Data as of 2025

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