Vendor Relationship Manager salary in Iceland

Average Yearly Salary of Vendor Relationship Manager in Iceland is approximately 13,316,506 ISK (92,793 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 Relationship Manager do?

A Vendor Relationship Manager is responsible for managing the relationship between a company and its vendors or suppliers. They are in charge of building and maintaining strong relationships with vendors to ensure the smooth procurement of goods and services. The role involves negotiating contracts, monitoring vendor performance, resolving any issues or disputes, and ensuring compliance with contractual agreements. Vendor Relationship Managers also work closely with internal stakeholders to understand their requirements and ensure that vendors meet these expectations. They may be involved in vendor selection, evaluating potential vendors, and conducting regular vendor performance reviews. Effective communication, negotiation skills, and the ability to build and maintain relationships are crucial for success in this role.

Skills: Vendor management, Supplier relationship management, Procurement, Contract negotiation, Vendor performance evaluation, Stakeholder management
Job industry: Supply chain management

How much does Vendor Relationship Manager 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 Relationship Manager a well paid job?

Yes, our data shows that Vendor Relationship 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 Relationship Manager?

High salary for Vendor Relationship Manager would be somewhere between 14,648,157 ISK and 19,308,934 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Vendor Relationship 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: 13,316,506 ISK
Estimated Monthly Salary: 1,109,709 ISK
Estimated Weekly Salary: 256,087 ISK per week
Estimated Hourly Salary: 6,402 ISK per hour
By working as Vendor Relationship Manager a person can save up to 5,004 USD per month or 60,047 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 Relationship 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.

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Data as of 2025

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