Senior Buyer Retail salary in Iceland

Average Yearly Salary of Senior Buyer Retail in Iceland is approximately 18,474,150 ISK (129,434 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 Senior Buyer Retail do?

A senior buyer in retail is responsible for managing the purchasing process of goods and products for a retail company. They work closely with suppliers, negotiate contracts, analyze market trends, and make informed decisions to ensure that the company has the right products at the right time to meet customer demand. Senior buyers also collaborate with other departments within the organization, such as marketing and sales, to develop effective strategies for product assortment and pricing. They are responsible for monitoring inventory levels, tracking sales performance, and making adjustments to purchasing plans accordingly. Additionally, senior buyers are involved in supplier relationship management, evaluating vendor performance, and seeking opportunities for cost savings and efficiencies. This role requires strong analytical skills, negotiation abilities, and a deep understanding of the retail industry.

Skills: senior buyer, retail, purchasing, supplier management, negotiation, inventory management
Job industry: Retail

How much does Senior Buyer Retail make?

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


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Salary comparison to National average

Is Senior Buyer Retail a well paid job?

Yes, our data show that Senior Buyer Retail 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 Senior Buyer Retail?

High salary for Senior Buyer Retail would be somewhere between 20,321,565 ISK and 26,787,518 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Senior Buyer Retail 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: 18,474,150 ISK
Estimated Monthly Salary: 1,539,513 ISK
Estimated Weekly Salary: 355,272 ISK per week
Estimated Hourly Salary: 8,882 ISK per hour
By working as Senior Buyer Retail a person can save up to 8,057 USD per month or 96,688 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 Senior Buyer Retail

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.

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Data as of 2025

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