Group Product Manager salary in Iceland

Average Yearly Salary of Group Product Manager in Iceland is approximately 29,091,245 ISK (202,986 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 Group Product Manager do?

A Group Product Manager is responsible for overseeing a team of product managers and guiding the development and execution of a company's product strategy. They work closely with cross-functional teams, including engineering, design, marketing, and sales, to ensure the successful launch and ongoing improvement of products. The Group Product Manager sets the vision and roadmap for their product portfolio, conducts market research and analysis, and identifies customer needs and trends. They collaborate with stakeholders to define product requirements, prioritize features, and manage the product lifecycle from ideation to release. Additionally, they monitor product performance, gather feedback, and make data-driven decisions to optimize product offerings. Strong leadership, communication, and analytical skills are essential for this role.

Skills: Group Product Manager, Product Strategy, Team Leadership, Cross-functional Collaboration, Market Research, Product Lifecycle Management
Job industry: Technology

How much does Group Product Manager make?

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


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Salary comparison to National average

Is Group Product Manager a well paid job?

Yes, our data show that Group Product Manager 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 Group Product Manager?

High salary for Group Product Manager would be somewhere between 32,000,370 ISK and 42,182,305 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Group Product Manager 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: 29,091,245 ISK
Estimated Monthly Salary: 2,424,270 ISK
Estimated Weekly Salary: 559,447 ISK per week
Estimated Hourly Salary: 13,986 ISK per hour
By working as Group Product Manager a person can save up to 14,187 USD per month or 170,240 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 Group Product Manager

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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