Merchandising Manager salary in Iceland

Average Yearly Salary of Merchandising Manager in Iceland is approximately 12,842,695 ISK (89,766 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 Merchandising Manager do?

A Merchandising Manager is responsible for planning, implementing, and managing merchandising strategies to maximize sales and profitability. They work closely with the marketing and sales teams to develop effective product displays, promotions, and pricing strategies. The role involves analyzing market trends, customer preferences, and competitor activities to identify opportunities for product assortment improvement. Merchandising Managers collaborate with suppliers and negotiate contracts to ensure timely delivery of products and maintain optimal inventory levels. They also monitor sales performance, conduct regular store visits, and provide feedback to improve visual merchandising standards. Strong analytical skills, creativity, and a keen eye for detail are essential for this role. Effective communication and leadership skills are also necessary to coordinate cross-functional teams and drive successful merchandising campaigns.

Skills: Merchandising, Retail, Sales, Marketing, Inventory Management, Visual Merchandising
Job industry: Retail

How much does Merchandising 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 Merchandising Manager a well paid job?

Yes, our data shows that Merchandising Manager is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Merchandising Manager?

High salary for Merchandising Manager would be somewhere between 14,126,965 ISK and 18,621,908 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as 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: 12,842,695 ISK
Estimated Monthly Salary: 1,070,225 ISK
Estimated Weekly Salary: 246,975 ISK per week
Estimated Hourly Salary: 6,174 ISK per hour
By working as Merchandising Manager a person can save up to 4,752 USD per month or 57,020 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 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

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