Product Development Manager Industrial salary in Iceland

Average Yearly Salary of Product Development Manager Industrial in Iceland is approximately 19,449,386 ISK (136,157 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 Product Development Manager Industrial do?

A Product Development Manager in the industrial sector is responsible for overseeing and managing the development of new products within a company. They work closely with various teams including research and development, engineering, marketing, and manufacturing to ensure that products are developed and launched successfully. The main duties include conducting market research, identifying customer needs and preferences, creating product specifications, coordinating product design and testing, monitoring project timelines and budgets, and collaborating with cross-functional teams to bring products to market. Additionally, they may also be involved in product improvement initiatives, analyzing competitor products, and staying updated on industry trends and technologies.

Skills: Product Development Manager, Industrial Sector, Research and Development, Engineering, Marketing, Manufacturing
Job industry: Manufacturing

How much does Product Development Manager Industrial make?

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


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Salary comparison to National average

Is Product Development Manager Industrial a well paid job?

Yes, our data show that Product Development Manager Industrial 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 Product Development Manager Industrial?

High salary for Product Development Manager Industrial would be somewhere between 21,394,325 ISK and 28,201,610 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Product Development Manager Industrial 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: 19,449,386 ISK
Estimated Monthly Salary: 1,620,782 ISK
Estimated Weekly Salary: 374,027 ISK per week
Estimated Hourly Salary: 9,351 ISK per hour
By working as Product Development Manager Industrial a person can save up to 8,618 USD per month or 103,411 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 Product Development Manager Industrial

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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