Home > Salary > Iceland > Merchandise Planning Manager
A merchandise planning manager is responsible for overseeing the planning and allocation of products within a retail organization. They analyze sales data, market trends, and customer behavior to develop effective merchandise strategies. This involves forecasting demand, setting inventory levels, and determining pricing and promotional strategies to maximize profitability. The merchandise planning manager collaborates with various departments such as buying, marketing, and operations to ensure that the right products are available in the right quantities at the right time.
Estimated Yearly Salary: 20,642,002 ISK
Estimated Monthly Salary: 1,720,167 ISK
Estimated Weekly Salary: 396,962 ISK per week
Estimated Hourly Salary: 9,924 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,665,902 ISK
Estimated Weekly Salary: 384,439 ISK per week
Estimated Hourly Salary: 9,611 ISK per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 144,435 USD
Estimated Monthly Salary: 12,036 USD
Estimated Weekly Salary: 2,778 USD per week
Estimated Hourly Salary: 69 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: 20,642,002 ISK
Estimated Monthly Salary: 1,720,167 ISK
Estimated Weekly Salary: 396,962 ISK per week
Estimated Hourly Salary: 9,924 ISK per hour
By working as Merchandise Planning Manager a person can save up to 9,307 USD per month or 111,689 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 Merchandise Planning Manager
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Senior actuarial associate (15,214,629 ISK per year, pre-tax.)
Jewellery designer (11,596,005 ISK per year, pre-tax.)
Surveying or mapping technician (7,762,469 ISK per year, pre-tax.)
Warehouse material coordinator (6,592,729 ISK per year, pre-tax.)
Computer aided design (cad), manager (13,943,461 ISK per year, pre-tax.)
Merchandise Planning Manager salary in Iceland
Average Yearly Salary of Merchandise Planning Manager in Iceland is approximately 20,642,002 ISK (144,435 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 Merchandise Planning Manager do?
A merchandise planning manager is responsible for overseeing the planning and allocation of products within a retail organization. They analyze sales data, market trends, and customer behavior to develop effective merchandise strategies. This involves forecasting demand, setting inventory levels, and determining pricing and promotional strategies to maximize profitability. The merchandise planning manager collaborates with various departments such as buying, marketing, and operations to ensure that the right products are available in the right quantities at the right time.
Skills: merchandise planning, retail management, inventory control, sales analysis, demand forecasting, pricing strategies
Job industry: Retail
Job industry: Retail
How much does Merchandise Planning Manager make?
Salary details
How much does Merchandise Planning Manager make?Estimated Yearly Salary: 20,642,002 ISK
Estimated Monthly Salary: 1,720,167 ISK
Estimated Weekly Salary: 396,962 ISK per week
Estimated Hourly Salary: 9,924 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 19,990,828 ISKEstimated Monthly Salary: 1,665,902 ISK
Estimated Weekly Salary: 384,439 ISK per week
Estimated Hourly Salary: 9,611 ISK per hour
Last revision of data: 2024-01-08Merchandise Planning Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 144,435 USD
Estimated Monthly Salary: 12,036 USD
Estimated Weekly Salary: 2,778 USD per week
Estimated Hourly Salary: 69 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
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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 Merchandise Planning Manager job salary compared to average salary in Iceland.
Comparison shows that a person working as Merchandise Planning Manager in Iceland earns on average:
2.31 times the average salary (or 231% 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 Merchandise Planning Manager job salary compared to average salary in Iceland.
Comparison shows that a person working as Merchandise Planning Manager in Iceland earns on average:
2.31 times the average salary (or 231% of average salary).
Is Merchandise Planning Manager a well paid job?
Yes, our data show that Merchandise Planning 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 Merchandise Planning Manager?
High salary for Merchandise Planning Manager would be somewhere between 22,706,202 ISK and 29,930,903 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Merchandise Planning 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: 20,642,002 ISK
Estimated Monthly Salary: 1,720,167 ISK
Estimated Weekly Salary: 396,962 ISK per week
Estimated Hourly Salary: 9,924 ISK per hour
By working as Merchandise Planning Manager a person can save up to 9,307 USD per month or 111,689 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 Merchandise Planning Manager
Norway is 202,348 USD
United Kingdom is 95,190 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:
Senior actuarial associate (15,214,629 ISK per year, pre-tax.)
Jewellery designer (11,596,005 ISK per year, pre-tax.)
Surveying or mapping technician (7,762,469 ISK per year, pre-tax.)
Warehouse material coordinator (6,592,729 ISK per year, pre-tax.)
Computer aided design (cad), manager (13,943,461 ISK per year, pre-tax.)
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