Divisional Merchandising Manager salary in Iceland

Average Yearly Salary of Divisional Merchandising Manager in Iceland is approximately 19,938,460 ISK (139,096 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 Divisional Merchandising Manager do?

A Divisional Merchandising Manager is responsible for overseeing the merchandising operations of a specific division within a retail company. They work closely with buyers and planners to develop and execute merchandising strategies that align with the company's goals and target market. Their primary responsibilities include analyzing market trends, monitoring sales performance, and making data-driven decisions to optimize product assortment, pricing, and inventory levels. The Divisional Merchandising Manager also collaborates with other departments such as marketing, visual merchandising, and operations to ensure a cohesive and successful merchandising strategy. They are responsible for managing a team of merchandisers and providing guidance and support to ensure the division's financial objectives are met.

Skills: Retail, Merchandising, Strategy, Analysis, Leadership, Inventory Management
Job industry: Retail

How much does Divisional Merchandising Manager make?

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


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

Is Divisional Merchandising Manager a well paid job?

Yes, our data show that Divisional Merchandising 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 Divisional Merchandising Manager?

High salary for Divisional Merchandising Manager would be somewhere between 21,932,306 ISK and 28,910,767 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Divisional Merchandising 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: 19,938,460 ISK
Estimated Monthly Salary: 1,661,538 ISK
Estimated Weekly Salary: 383,432 ISK per week
Estimated Hourly Salary: 9,586 ISK per hour
By working as Divisional Merchandising Manager a person can save up to 8,863 USD per month or 106,350 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 Divisional Merchandising 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

Random salary:
Clinical pharmacy supervisor (16,369,570 ISK per year, pre-tax.)
Water safety instructor (2,846,867 ISK per year, pre-tax.)
Sales analyst (9,307,799 ISK per year, pre-tax.)
National educator (9,795,053 ISK per year, pre-tax.)
Regional retail sales manager (14,856,612 ISK per year, pre-tax.)

Feedback about these results