Hardware Engineering Manager salary in Iceland

Average Yearly Salary of Hardware Engineering Manager in Iceland is approximately 25,140,376 ISK (175,884 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 Hardware Engineering Manager do?

A hardware engineering manager is responsible for overseeing the design, development, and production of hardware components and systems. They work closely with a team of engineers to ensure that projects are completed on time and within budget. This role requires strong technical knowledge, as well as excellent leadership and communication skills. The hardware engineering manager is involved in all stages of the product development lifecycle, from initial concept design to final production. They collaborate with cross-functional teams, including software engineers, industrial designers, and quality assurance professionals, to ensure that hardware solutions meet customer requirements and industry standards. Additionally, they may be involved in sourcing and managing relationships with suppliers and vendors.

Skills: Hardware Engineering, Manager, Product Development, Leadership, Technical Knowledge, Communication Skills.
Job industry: Engineering

How much does Hardware Engineering 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 Hardware Engineering Manager a well paid job?

Yes, our data show that Hardware Engineering 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 Hardware Engineering Manager?

High salary for Hardware Engineering Manager would be somewhere between 27,654,414 ISK and 36,453,545 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Hardware Engineering 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: 25,140,376 ISK
Estimated Monthly Salary: 2,095,031 ISK
Estimated Weekly Salary: 483,469 ISK per week
Estimated Hourly Salary: 12,087 ISK per hour
By working as Hardware Engineering Manager a person can save up to 11,928 USD per month or 143,138 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 Hardware Engineering 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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