Vendor Manager Salary

Vendor Managers in the United States take home approximately $70K annually on average. The range in cash compensation to Vendor Managers ($41K to $120K) includes potential earnings of $20K each from bonuses and profit sharing in exceptional cases. Location is the main element affecting pay for this group — career duration and the particular employer are driving factors as well. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a strong majority. The majority of Vendor Managers (60 percent) survey respondents are male. The majority of Vendor Managers claim high levels of job satisfaction. This overview is based on answers to PayScale's salary questionnaire.

$43,930 - $109,313

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$12.55 - $27.37

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$43,930 - $109,313  
   
Bonus
$515 - $19,880  
Profit Sharing
$76.60 - $20,823  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$41,395 - $120,094  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 353
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25$50$75
Hourly Rate
$12.55 - $27.37  
   
Overtime
$1.52 - $34.97  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$515 - $19,880  
   
Profit Sharing
$76.60 - $20,823  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$41,395 - $120,094  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 37
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Job Description for Vendor Manager

A vendor manager oversees the relationship between their business and its vendors (or suppliers). They manage these relationships from the start of the contract through the sales process and after, when a financial analysis may be of strategic assistance. These professionals must provide analyses to their organization on vendors, oversee costs, and ensure the terms of contracts are followed by all parties. They should also be able to identify trends related to product needs for their employer. Vendor managers must be able to build positive relations with new vendors and maintain good relationships with existing ones as well.

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Vendor Manager Tasks

  • Identify potential vendors and conduct research to determine who offers the best products, prices, and services.
  • Coordinate vendors to develop efficient supply chain strategies.
  • Manage company relationships with vendors, making sure contract terms are fulfilled and mitigating vendor risk.
  • Create sales partnerships with vendors which benefit both parties.

Vendor Manager Job Listings

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Popular Employer Salaries for Vendor Manager


Popular Skills for Vendor Manager


Typical Vendor Managers report a focused set of job skills. Most notably, skills in Contract Negotiation, Business Analysis, Vendor Relations, and Project Management are correlated to pay that is above average, with boosts between 6 percent and 11 percent. Skills that are correlated to lower pay, on the other hand, include Vendor Management. Most people familiar with Contract Negotiation also know Business Analysis.

Pay by Experience Level for Vendor Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Vendor Managers with a rich background of experience are typically rewarded with larger paychecks. The average beginner in this position makes around $59K, but folks who have been around for five to 10 years see a markedly higher median salary of $77K. After working for 10 to 20 years, Vendor Managers make a median salary of $86K. Seasoned veterans with 20 years under their belts enjoy a median income of $100K.

Pay Difference by Location


For Vendor Managers, busy Seattle offers a higher-than-average pay rate, 35 percent above the national average. Vendor Managers will also find cushy salaries in Los Angeles (+28 percent) and Atlanta (+3 percent). One of the biggest compensable factors for Vendor Managers is geography, with workers in Phoenix earning a whopping 25 percent below the national average. Employers also pay below the national average in San Francisco and New York (20 percent lower).

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Vendor Manager Salaries




National Average
$72,000


Skills That Affect Vendor Manager Salaries




National Average
$72,000

Project Management
up arrow 1%

Vendor Management
up arrow 3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 69 votes.

Gender

Female
40 %
Male
60 %

Years of Experience

Less than 1 year
2%
1-4 years
35%
5-9 years
25%
10-19 years
29%
20 years or more
9%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 83%
vision benefits Vision: 75% employee benefits None: 8%
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