General Manager Product Development Center salary in Iceland

Average Yearly Salary of General Manager Product Development Center in Iceland is approximately 19,479,248 ISK (135,881 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 General Manager Product Development Center do?

A General Manager of a Product Development Center is responsible for overseeing the entire product development process within an organization. They lead a team of professionals, including engineers, designers, and project managers, to conceptualize, design, and manufacture new products. The General Manager ensures that the product development center operates efficiently and effectively, meeting quality standards and deadlines. They collaborate with various departments, such as marketing and sales, to understand market trends and customer needs, and translate them into innovative product ideas. Additionally, they manage budgets, allocate resources, and monitor the progress of multiple projects simultaneously. This role requires strong leadership skills, strategic thinking, and the ability to make critical decisions. The General Manager of a Product Development Center plays a crucial role in driving the company's growth and success.

Skills: General Manager, Product Development, Leadership, Innovation, Project Management, Strategic Thinking
Job industry: Manufacturing

How much does General Manager Product Development Center make?

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


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Salary comparison to National average

Is General Manager Product Development Center a well paid job?

Yes, our data show that General Manager Product Development Center 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 General Manager Product Development Center?

High salary for General Manager Product Development Center would be somewhere between 21,427,173 ISK and 28,244,910 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as General Manager Product Development Center 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: 19,479,248 ISK
Estimated Monthly Salary: 1,623,271 ISK
Estimated Weekly Salary: 374,601 ISK per week
Estimated Hourly Salary: 9,365 ISK per hour
By working as General Manager Product Development Center a person can save up to 8,595 USD per month or 103,135 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 General Manager Product Development Center

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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