Director Of Industrial Engineering salary in Iceland

Average Yearly Salary of Director Of Industrial Engineering in Iceland is approximately 32,762,228 ISK (229,826 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 Industrial Engineering do?

A Director of Industrial Engineering is responsible for overseeing and managing the industrial engineering function within an organization. They develop and implement strategies to optimize operational processes, increase productivity, and improve efficiency. This role involves analyzing production systems, identifying areas for improvement, and designing solutions to enhance workflow and reduce costs. The Director of Industrial Engineering collaborates with cross-functional teams to implement process improvements, such as implementing lean manufacturing principles or introducing automation technologies. They also monitor performance metrics, conduct data analysis, and provide recommendations for process enhancements. Additionally, a Director of Industrial Engineering may be involved in budgeting, resource allocation, and project management.

Skills: Industrial Engineering, Process Improvement, Operational Efficiency, Lean Manufacturing, Automation, Data Analysis
Job industry: Manufacturing

How much does Director Of Industrial Engineering make?

Difference in salary year over year or average salary increase is approximately 3 %


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

Is Director Of Industrial Engineering a well paid job?

Yes, our data show that Director Of Industrial 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 Industrial Engineering?

High salary for Director Of Industrial Engineering would be somewhere between 36,038,451 ISK and 47,505,231 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Director Of 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: 32,762,228 ISK
Estimated Monthly Salary: 2,730,186 ISK
Estimated Weekly Salary: 630,043 ISK per week
Estimated Hourly Salary: 15,751 ISK per hour
By working as Director Of Industrial Engineering a person can save up to 16,423 USD per month or 197,080 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 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.

Top 10 highest salaries in Iceland

Data as of 2025

Random salary:
Senior advertising manager (14,498,594 ISK per year, pre-tax.)
National accounts sales manager (14,946,083 ISK per year, pre-tax.)
Environmental analyst (7,670,740 ISK per year, pre-tax.)
Accounts receivable specialist (7,018,011 ISK per year, pre-tax.)
Bi administrator (12,538,344 ISK per year, pre-tax.)

Feedback about these results