Mechanical Engineering Manager salary in Iceland

Average Yearly Salary of Mechanical Engineering Manager in Iceland is approximately 22,148,686 ISK (155,406 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 Mechanical Engineering Manager do?

A mechanical engineering manager is responsible for overseeing the design, development, and implementation of mechanical systems in various industries. They lead a team of engineers and technicians, ensuring that projects are completed efficiently, on time, and within budget. Their role involves analyzing technical specifications, conducting feasibility studies, and providing guidance on the selection of materials and equipment. They collaborate with other departments to ensure seamless integration of mechanical systems into larger projects and coordinate with external vendors and contractors as necessary. Additionally, mechanical engineering managers are involved in quality control and assurance processes, ensuring compliance with industry standards and regulations. They may also be responsible for managing and mentoring junior engineers, providing technical expertise, and staying updated on industry advancements.

Skills: Mechanical Engineering Manager, Design and Development, Project Management, Team Leadership, Quality Control, Industry Standards
Job industry: Manufacturing

How much does Mechanical Engineering Manager make?

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


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Salary comparison to National average

Is Mechanical Engineering Manager a well paid job?

Yes, our data show that Mechanical 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 Mechanical Engineering Manager?

High salary for Mechanical Engineering Manager would be somewhere between 24,363,555 ISK and 32,115,595 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Mechanical 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: 22,148,686 ISK
Estimated Monthly Salary: 1,845,724 ISK
Estimated Weekly Salary: 425,936 ISK per week
Estimated Hourly Salary: 10,648 ISK per hour
By working as Mechanical Engineering Manager a person can save up to 10,222 USD per month or 122,660 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 Mechanical 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.

Top 10 highest salaries in Iceland

Data as of 2025

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