Home > Salary > Iceland > Procurement Manager
A procurement lead is responsible for overseeing the procurement process within an organization. Their main role is to ensure that the company obtains goods and services at the best possible price, while also maintaining high quality standards. They are in charge of developing and implementing procurement strategies, identifying potential suppliers, negotiating contracts, and managing supplier relationships. Additionally, procurement leads are responsible for monitoring inventory levels, analyzing market trends, and making recommendations for process improvements.
Estimated Yearly Salary: 16,322,595 ISK
Estimated Monthly Salary: 1,360,216 ISK
Estimated Weekly Salary: 313,896 ISK per week
Estimated Hourly Salary: 7,847 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,311,465 ISK
Estimated Weekly Salary: 302,646 ISK per week
Estimated Hourly Salary: 7,566 ISK per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 113,901 USD
Estimated Monthly Salary: 9,492 USD
Estimated Weekly Salary: 2,190 USD per week
Estimated Hourly Salary: 55 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
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: 16,322,595 ISK
Estimated Monthly Salary: 1,360,216 ISK
Estimated Weekly Salary: 313,896 ISK per week
Estimated Hourly Salary: 7,847 ISK per hour
By working as Procurement Manager a person can save up to 6,763 USD per month or 81,155 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 Procurement Manager
Last revision of data: 2025-01-04
Data as of 2025
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Procurement Manager salary in Iceland
Average Yearly Salary of Procurement Manager in Iceland is approximately 16,322,595 ISK (113,901 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 Procurement Manager do?
A procurement lead is responsible for overseeing the procurement process within an organization. Their main role is to ensure that the company obtains goods and services at the best possible price, while also maintaining high quality standards. They are in charge of developing and implementing procurement strategies, identifying potential suppliers, negotiating contracts, and managing supplier relationships. Additionally, procurement leads are responsible for monitoring inventory levels, analyzing market trends, and making recommendations for process improvements.
Skills: procurement, supply chain management, vendor management, contract negotiation, strategic sourcing, inventory control
Job industry: Supply chain management
Job industry: Supply chain management
How much does Procurement Manager make?
Salary details
How much does Procurement Manager make?Estimated Yearly Salary: 16,322,595 ISK
Estimated Monthly Salary: 1,360,216 ISK
Estimated Weekly Salary: 313,896 ISK per week
Estimated Hourly Salary: 7,847 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 15,737,579 ISKEstimated Monthly Salary: 1,311,465 ISK
Estimated Weekly Salary: 302,646 ISK per week
Estimated Hourly Salary: 7,566 ISK per hour
Last revision of data: 2024-01-03Procurement Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 113,901 USD
Estimated Monthly Salary: 9,492 USD
Estimated Weekly Salary: 2,190 USD per week
Estimated Hourly Salary: 55 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %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
Compare salary to other countries
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Country:
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 Procurement Manager job salary compared to average salary in Iceland.
Comparison shows that a person working as Procurement Manager in Iceland earns on average:
1.82 times the average salary (or 182% 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 Procurement Manager job salary compared to average salary in Iceland.
Comparison shows that a person working as Procurement Manager in Iceland earns on average:
1.82 times the average salary (or 182% of average salary).
Is Procurement Manager a well paid job?
Yes, our data shows that Procurement 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 Procurement Manager?
High salary for Procurement Manager would be somewhere between 17,954,855 ISK and 23,667,763 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Procurement 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: 16,322,595 ISK
Estimated Monthly Salary: 1,360,216 ISK
Estimated Weekly Salary: 313,896 ISK per week
Estimated Hourly Salary: 7,847 ISK per hour
By working as Procurement Manager a person can save up to 6,763 USD per month or 81,155 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 Procurement Manager
Norway is 158,886 USD
United Kingdom is 75,119 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:
Unmanned aerial vehicle (uav), pilot (14,416,513 ISK per year, pre-tax.)
Associate stem cell processing specialist (10,471,192 ISK per year, pre-tax.)
Medical records manager (6,834,499 ISK per year, pre-tax.)
.net application developer (10,292,249 ISK per year, pre-tax.)
Sales person (4,678,674 ISK per year, pre-tax.)
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