Sr. Research Development Manager salary in Iceland

Average Yearly Salary of Sr. Research Development Manager in Iceland is approximately 23,043,025 ISK (161,768 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 Sr. Research Development Manager do?

A Senior Research and Development Manager is responsible for overseeing and managing the research and development activities within an organization. They lead a team of researchers and scientists, providing guidance and support throughout the product development process. Their main objective is to drive innovation and ensure that the company stays competitive in the market. The Senior R&D Manager is involved in strategic planning, setting goals and objectives, and allocating resources to various projects. They collaborate with cross-functional teams, including marketing, manufacturing, and quality assurance, to ensure successful product launches. They also stay updated on industry trends and advancements, conducting market research and competitor analysis.

Skills: Senior R&D Manager, Research and Development, Innovation, Product Development, Strategic Planning, Cross-functional Collaboration
Job industry: Research and development

How much does Sr. Research Development 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 Sr. Research Development Manager a well paid job?

Yes, our data show that Sr. Research Development 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 Sr. Research Development Manager?

High salary for Sr. Research Development Manager would be somewhere between 25,347,328 ISK and 33,412,386 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Sr. Research Development 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: 23,043,025 ISK
Estimated Monthly Salary: 1,920,252 ISK
Estimated Weekly Salary: 443,135 ISK per week
Estimated Hourly Salary: 11,078 ISK per hour
By working as Sr. Research Development Manager a person can save up to 10,752 USD per month or 129,022 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 Sr. Research Development 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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