Outsourcing Vendor Manager salary in Iceland

Average Yearly Salary of Outsourcing Vendor Manager in Iceland is approximately 20,912,321 ISK (145,962 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 Outsourcing Vendor Manager do?

The occupation of an outsourcing vendor manager involves managing and overseeing the relationship between a company and its outsourcing vendors. They are responsible for identifying potential vendors, negotiating contracts, and ensuring that the vendors meet the agreed-upon service level agreements. The vendor manager also monitors vendor performance, resolves any issues or disputes that may arise, and conducts regular vendor performance reviews. This role requires strong communication and negotiation skills, as well as the ability to build and maintain relationships with vendors. The vendor manager must have a good understanding of the company's needs and be able to identify vendors that can meet those needs effectively. They must also have a keen eye for detail to ensure that vendors comply with contractual obligations and deliver quality services.

Skills: Outsourcing, Vendor Management, Contract Negotiation, Relationship Building, Performance Monitoring, Dispute Resolution
Job industry: Information technology

How much does Outsourcing Vendor Manager make?

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


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Salary comparison to National average

Is Outsourcing Vendor Manager a well paid job?

Yes, our data show that Outsourcing Vendor 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 Outsourcing Vendor Manager?

High salary for Outsourcing Vendor Manager would be somewhere between 23,003,553 ISK and 30,322,865 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Outsourcing Vendor 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: 20,912,321 ISK
Estimated Monthly Salary: 1,742,693 ISK
Estimated Weekly Salary: 402,160 ISK per week
Estimated Hourly Salary: 10,054 ISK per hour
By working as Outsourcing Vendor Manager a person can save up to 9,435 USD per month or 113,216 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 Outsourcing Vendor 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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