Director Product Development salary in Iceland

Average Yearly Salary of Director Product Development in Iceland is approximately 25,078,008 ISK (176,015 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 Product Development do?

The occupation of a Director of Product Development involves overseeing and managing the entire product development process within a company. This includes identifying market needs, conducting market research, and collaborating with cross-functional teams to develop and launch new products. The Director of Product Development is responsible for setting product development strategies, defining project timelines and budgets, and ensuring that products meet quality standards. This role requires strong leadership skills, as the Director of Product Development will be responsible for guiding and motivating teams throughout the product development lifecycle. They must also possess excellent communication and collaboration skills to effectively work with stakeholders and cross-functional teams. Additionally, they need to have a deep understanding of market trends and consumer preferences to drive innovation and ensure products are successful in the market.

Skills: Director, Product Development, Leadership, Innovation, Market Research, Project Management
Job industry: Manufacturing

How much does Director Product Development make?

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


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Salary comparison to National average

Is Director Product Development a well paid job?

Yes, our data show that Director Product Development 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 Product Development?

High salary for Director Product Development would be somewhere between 27,585,809 ISK and 36,363,112 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Director Product Development 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: 25,078,008 ISK
Estimated Monthly Salary: 2,089,834 ISK
Estimated Weekly Salary: 482,269 ISK per week
Estimated Hourly Salary: 12,057 ISK per hour
By working as Director Product Development a person can save up to 11,939 USD per month or 143,269 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 Product Development

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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