Global Sourcing Manager salary in Iceland

Average Yearly Salary of Global Sourcing Manager in Iceland is approximately 19,187,303 ISK (134,226 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 Global Sourcing Manager do?

A Global Sourcing Manager is responsible for managing the sourcing and procurement activities of an organization on a global scale. They are responsible for identifying, evaluating, and selecting suppliers from different regions of the world to ensure the best quality products at competitive prices. This role involves analyzing market trends, negotiating contracts, and maintaining relationships with suppliers to ensure timely delivery of goods. The Global Sourcing Manager collaborates with various departments within the company, such as operations, finance, and logistics, to develop sourcing strategies that align with the organization's goals. They must have strong analytical skills to assess supplier capabilities and performance, as well as excellent communication and negotiation skills to build and maintain relationships with international suppliers.

Skills: Global sourcing, Procurement, Supplier management, Negotiation, Supply chain management, International business.
Job industry: Supply chain management

How much does Global Sourcing Manager make?

Difference in salary year over year or average salary increase is approximately 3 %


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

Salary comparison to National average

Is Global Sourcing Manager a well paid job?

Yes, our data show that Global Sourcing 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 Global Sourcing Manager?

High salary for Global Sourcing Manager would be somewhere between 21,106,033 ISK and 27,821,589 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Global Sourcing 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: 19,187,303 ISK
Estimated Monthly Salary: 1,598,942 ISK
Estimated Weekly Salary: 368,987 ISK per week
Estimated Hourly Salary: 9,225 ISK per hour
By working as Global Sourcing Manager a person can save up to 8,457 USD per month or 101,480 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 Global Sourcing 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:
Longshoreman checker (8,793,042 ISK per year, pre-tax.)
Janitor (4,678,674 ISK per year, pre-tax.)
Online product manager (9,964,091 ISK per year, pre-tax.)
Medical affairs head (34,083,574 ISK per year, pre-tax.)
Metal caster (10,314,447 ISK per year, pre-tax.)

Feedback about these results