Product Engineering Supervisor salary in Iceland

Average Yearly Salary of Product Engineering Supervisor in Iceland is approximately 20,835,976 ISK (145,607 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 Engineering Supervisor do?

A product engineering supervisor is responsible for overseeing the development and improvement of products within a company. They work closely with cross-functional teams, including design, manufacturing, and quality control, to ensure that products meet customer requirements and industry standards. The supervisor provides technical guidance to engineers, sets project goals and timelines, and monitors progress throughout the product development lifecycle. They also collaborate with marketing and sales teams to understand market trends and customer needs, in order to drive innovation and create competitive products. Additionally, the product engineering supervisor may be involved in cost analysis, risk assessment, and troubleshooting during the manufacturing process. This role requires strong leadership, excellent communication skills, and a deep understanding of engineering principles and product development methodologies.

Skills: Product Engineering, Supervisor, Technical Guidance, Project Management, Innovation, Manufacturing
Job industry: Manufacturing

How much does Product Engineering Supervisor make?

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


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Salary comparison to National average

Is Product Engineering Supervisor a well paid job?

Yes, our data show that Product Engineering Supervisor 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 Engineering Supervisor?

High salary for Product Engineering Supervisor would be somewhere between 22,919,574 ISK and 30,212,165 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Product Engineering Supervisor 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: 20,835,976 ISK
Estimated Monthly Salary: 1,736,331 ISK
Estimated Weekly Salary: 400,692 ISK per week
Estimated Hourly Salary: 10,017 ISK per hour
By working as Product Engineering Supervisor a person can save up to 9,405 USD per month or 112,861 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 Engineering Supervisor

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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