Senior Product Development Scientist salary in Iceland

Average Yearly Salary of Senior Product Development Scientist in Iceland is approximately 19,537,513 ISK (136,074 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 Product Development Scientist do?

A senior product development scientist is responsible for leading and managing the development of new products or improving existing ones. They work closely with cross-functional teams, including researchers, engineers, marketing professionals, and manufacturing experts, to ensure the successful execution of projects. This occupation involves conducting research and analysis to identify market trends, consumer needs, and competitor activities. Senior product development scientists design experiments, develop prototypes, and conduct testing to evaluate the performance and safety of products. They also collaborate with suppliers, negotiate contracts, and oversee the scale-up and commercialization processes. Additionally, they play a crucial role in ensuring compliance with regulatory requirements and maintaining quality standards throughout the product development lifecycle.

Skills: product development, research and analysis, cross-functional collaboration, project management, prototype testing, compliance and quality assurance.
Job industry: Biotechnology

How much does Senior Product Development Scientist make?

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


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Salary comparison to National average

Is Senior Product Development Scientist a well paid job?

Yes, our data show that Senior Product Development Scientist 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 Senior Product Development Scientist?

High salary for Senior Product Development Scientist would be somewhere between 21,491,264 ISK and 28,329,394 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Senior Product Development Scientist 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: 19,537,513 ISK
Estimated Monthly Salary: 1,628,126 ISK
Estimated Weekly Salary: 375,721 ISK per week
Estimated Hourly Salary: 9,393 ISK per hour
By working as Senior Product Development Scientist a person can save up to 8,611 USD per month or 103,328 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 Product Development Scientist

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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