Vendor Management Director salary in Iceland

Average Yearly Salary of Vendor Management Director in Iceland is approximately 20,945,427 ISK (146,597 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 Vendor Management Director do?

A Vendor Management Director is responsible for overseeing and managing the relationships with vendors and suppliers on behalf of an organization. They develop and implement vendor management strategies, negotiate contracts, and ensure that vendors meet the organization's requirements and standards. The Vendor Management Director collaborates with various departments to identify vendor needs, evaluate potential vendors, and select the most suitable ones. They also monitor vendor performance, resolve any issues or conflicts, and conduct regular vendor performance reviews. Additionally, they stay updated on market trends and industry best practices to optimize vendor selection and enhance overall vendor management processes.

Skills: Vendor Management, Supplier Relationship, Contract Negotiation, Vendor Selection, Performance Monitoring, Strategic Sourcing
Job industry: Management consulting

How much does Vendor Management Director make?

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


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Salary comparison to National average

Is Vendor Management Director a well paid job?

Yes, our data show that Vendor Management Director 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 Vendor Management Director?

High salary for Vendor Management Director would be somewhere between 23,039,970 ISK and 30,370,869 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Vendor Management Director 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: 20,945,427 ISK
Estimated Monthly Salary: 1,745,452 ISK
Estimated Weekly Salary: 402,797 ISK per week
Estimated Hourly Salary: 10,070 ISK per hour
By working as Vendor Management Director a person can save up to 9,488 USD per month or 113,851 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 Vendor Management Director

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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