Vendor Manager salary in Iceland

Average Yearly Salary of Vendor Manager in Iceland is approximately 14,431,358 ISK (100,967 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 Manager do?

A Vendor Manager is responsible for managing the relationships between a company and its vendors or suppliers. They ensure that the company's vendor network is efficient, reliable, and meets the organization's needs. The role involves identifying potential vendors, negotiating contracts, monitoring vendor performance, resolving any issues or disputes that may arise, and maintaining strong communication channels with vendors. The Vendor Manager is also responsible for evaluating vendor performance and conducting regular audits to ensure compliance with contractual agreements and quality standards. They work closely with various departments within the organization, such as procurement, finance, and operations, to ensure that vendor relationships align with the company's strategic goals and objectives.

Skills: Vendor Management, Supplier Relationship Management, Contract Negotiation, Vendor Performance Evaluation, Procurement, Vendor Communication
Job industry: Human resources

How much does 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 Vendor Manager a well paid job?

Yes, our data shows that Vendor 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 Vendor Manager?

High salary for Vendor Manager would be somewhere between 15,874,494 ISK and 20,925,469 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as 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: 14,431,358 ISK
Estimated Monthly Salary: 1,202,613 ISK
Estimated Weekly Salary: 277,526 ISK per week
Estimated Hourly Salary: 6,938 ISK per hour
By working as Vendor Manager a person can save up to 5,685 USD per month or 68,221 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 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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