Sr. Vendor Management Associate salary in Iceland

Average Yearly Salary of Sr. Vendor Management Associate in Iceland is approximately 13,750,353 ISK (96,358 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 Sr. Vendor Management Associate do?

A Senior Vendor Management Associate is responsible for managing and maintaining relationships with vendors and suppliers on behalf of an organization. They ensure that the company's vendor policies and procedures are followed, negotiate contracts and agreements, and monitor vendor performance to ensure quality and timely delivery of goods and services. They collaborate with cross-functional teams to identify potential vendors, assess their capabilities, and select the most suitable ones. Additionally, they analyze vendor performance data, identify areas for improvement, and implement strategies to optimize vendor management processes. A Senior Vendor Management Associate also stays updated on industry trends, regulations, and best practices to enhance vendor selection and management strategies.

Skills: Vendor Management, Supplier Relationship, Contract Negotiation, Performance Monitoring, Vendor Selection, Process Optimization.
Job industry: Vendor management

How much does Sr. Vendor Management Associate make?

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


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Salary comparison to National average

Is Sr. Vendor Management Associate a well paid job?

Yes, our data shows that Sr. Vendor Management Associate 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 Sr. Vendor Management Associate?

High salary for Sr. Vendor Management Associate would be somewhere between 15,125,388 ISK and 19,938,012 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Sr. Vendor Management Associate 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: 13,750,353 ISK
Estimated Monthly Salary: 1,145,863 ISK
Estimated Weekly Salary: 264,430 ISK per week
Estimated Hourly Salary: 6,611 ISK per hour
By working as Sr. Vendor Management Associate a person can save up to 5,301 USD per month or 63,612 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 Sr. Vendor Management Associate

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

Random salary:
Elections director (9,773,016 ISK per year, pre-tax.)
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Sheet metal worker (8,781,422 ISK per year, pre-tax.)
Warehouse inventory manager (4,922,380 ISK per year, pre-tax.)

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