Home > Salary > Iceland > Senior Industrial Engineer
A senior industrial engineer is responsible for overseeing and optimizing various manufacturing processes within an organization. They analyze production data, identify areas for improvement, and develop strategies to increase efficiency and reduce costs. They work closely with other departments such as production, quality control, and supply chain to ensure smooth operations and meet production targets. Senior industrial engineers also lead teams, providing guidance and training to junior engineers.
Estimated Yearly Salary: 17,243,469 ISK
Estimated Monthly Salary: 1,436,956 ISK
Estimated Weekly Salary: 331,605 ISK per week
Estimated Hourly Salary: 8,290 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,391,211 ISK
Estimated Weekly Salary: 321,049 ISK per week
Estimated Hourly Salary: 8,026 ISK per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 120,548 USD
Estimated Monthly Salary: 10,046 USD
Estimated Weekly Salary: 2,318 USD per week
Estimated Hourly Salary: 58 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 17,243,469 ISK
Estimated Monthly Salary: 1,436,956 ISK
Estimated Weekly Salary: 331,605 ISK per week
Estimated Hourly Salary: 8,290 ISK per hour
By working as Senior Industrial Engineer a person can save up to 7,317 USD per month or 87,802 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.
Estimated Yearly Salary for Senior Industrial Engineer
Last revision of data: 2025-01-04
Data as of 2025
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Senior Industrial Engineer salary in Iceland
Average Yearly Salary of Senior Industrial Engineer in Iceland is approximately 17,243,469 ISK (120,548 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 Senior Industrial Engineer do?
A senior industrial engineer is responsible for overseeing and optimizing various manufacturing processes within an organization. They analyze production data, identify areas for improvement, and develop strategies to increase efficiency and reduce costs. They work closely with other departments such as production, quality control, and supply chain to ensure smooth operations and meet production targets. Senior industrial engineers also lead teams, providing guidance and training to junior engineers.
Skills: Senior Industrial Engineer, Manufacturing Process Optimization, Efficiency Improvement, Cost Reduction, Production Management, Team Leadership
Job industry: Manufacturing
Job industry: Manufacturing
How much does Senior Industrial Engineer make?
Salary details
How much does Senior Industrial Engineer make?Estimated Yearly Salary: 17,243,469 ISK
Estimated Monthly Salary: 1,436,956 ISK
Estimated Weekly Salary: 331,605 ISK per week
Estimated Hourly Salary: 8,290 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 16,694,535 ISKEstimated Monthly Salary: 1,391,211 ISK
Estimated Weekly Salary: 321,049 ISK per week
Estimated Hourly Salary: 8,026 ISK per hour
Last revision of data: 2024-01-03Senior Industrial Engineer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 120,548 USD
Estimated Monthly Salary: 10,046 USD
Estimated Weekly Salary: 2,318 USD per week
Estimated Hourly Salary: 58 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Iceland, a Nordic island country located in the North Atlantic Ocean, is known for its stunning natural landscapes and unique geological features. With a population of approximately 366,000 people, Iceland is one of the least densely populated countries in Europe. The country covers an area of about 103,000 square kilometers, making it the 18th largest island in the world.
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Senior Industrial Engineer job salary compared to average salary in Iceland.
Comparison shows that a person working as Senior Industrial Engineer in Iceland earns on average:
1.93 times the average salary (or 193% of average salary).
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Senior Industrial Engineer job salary compared to average salary in Iceland.
Comparison shows that a person working as Senior Industrial Engineer in Iceland earns on average:
1.93 times the average salary (or 193% of average salary).
Is Senior Industrial Engineer a well paid job?
Yes, our data shows that Senior Industrial Engineer is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Senior Industrial Engineer?
High salary for Senior Industrial Engineer would be somewhere between 18,967,816 ISK and 25,003,030 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Senior Industrial Engineer 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: 17,243,469 ISK
Estimated Monthly Salary: 1,436,956 ISK
Estimated Weekly Salary: 331,605 ISK per week
Estimated Hourly Salary: 8,290 ISK per hour
By working as Senior Industrial Engineer a person can save up to 7,317 USD per month or 87,802 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 Senior Industrial Engineer
Norway is 168,846 USD
United Kingdom is 79,338 USD
Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Iceland
(101,519,791 ISK per year, pre-tax.)
2. Cardiologist
(84,892,494 ISK per year, pre-tax.)
(82,036,676 ISK per year, pre-tax.)
4. Neurosurgeon
(79,530,435 ISK per year, pre-tax.)
(79,217,486 ISK per year, pre-tax.)
(77,544,423 ISK per year, pre-tax.)
(77,443,218 ISK per year, pre-tax.)
(77,278,803 ISK per year, pre-tax.)
9. Oncologist
(77,260,671 ISK per year, pre-tax.)
(77,231,503 ISK per year, pre-tax.)
Data as of 2025Random salary:
Radio programmer (20,522,502 ISK per year, pre-tax.)
Healthcare risk management specialist (13,717,132 ISK per year, pre-tax.)
Hospital pharmacy buyer (8,036,618 ISK per year, pre-tax.)
Social media analyst (7,354,512 ISK per year, pre-tax.)
Program planner (9,934,232 ISK per year, pre-tax.)
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