Industrial Engineering Manager salary in Iceland

Average Yearly Salary of Industrial Engineering Manager in Iceland is approximately 19,958,933 ISK (138,887 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 Industrial Engineering Manager do?

An Industrial Engineering Manager is responsible for overseeing the planning, development, and implementation of industrial engineering projects within an organization. They analyze production processes, identify areas for improvement, and develop strategies to optimize efficiency, reduce costs, and increase productivity. They collaborate with cross-functional teams to implement process improvements, monitor performance metrics, and ensure adherence to quality standards. Additionally, they may be involved in designing and implementing new systems, equipment, or technologies to enhance operational effectiveness. An Industrial Engineering Manager also plays a crucial role in managing resources, including personnel, budgets, and timelines, to ensure project success. This occupation requires strong analytical skills, problem-solving abilities, and a thorough understanding of industrial engineering principles.

Skills: Industrial Engineering, Project Management, Process Improvement, Efficiency Optimization, Cost Reduction, Productivity Enhancement
Job industry: Manufacturing

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

Yes, our data show that Industrial 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 Industrial Engineering Manager?

High salary for Industrial Engineering Manager would be somewhere between 21,954,826 ISK and 28,940,453 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Industrial 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: 19,958,933 ISK
Estimated Monthly Salary: 1,663,244 ISK
Estimated Weekly Salary: 383,826 ISK per week
Estimated Hourly Salary: 9,596 ISK per hour
By working as Industrial Engineering Manager a person can save up to 8,845 USD per month or 106,141 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 Industrial 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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