Vendor Manager Salary

The average Vendor Manager in the United States earns approximately $70K per year. Cash earnings for Vendor Managers — including $20K in bonuses and $21K in profit sharing proceeds near the top of the pay scale — generally stretch from $41K to $120K depending on individual performance. Earnings for this group are mostly affected by career duration, followed by the particular city and the individual firm. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. The majority of Vendor Managers claim high levels of job satisfaction. The data for this synopsis comes from respondents who took the PayScale salary survey.

$43,741 - $108,981
(Median)
$44K
$70K
$110K
MEDIAN: $70,193
10%
50%
90%

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$12.53 - $27.57
(Median)
$13
$19
$28
MEDIAN: $18.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$43,741 - $108,981  
   
Bonus
$503 - $19,786  
Profit Sharing
$76.03 - $20,923  
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).
)
$41,285 - $120,006  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 348
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$25$50$75
Hourly Rate
$12.53 - $27.57  
   
Overtime
$1.51 - $35.23  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$503 - $19,786  
   
Profit Sharing
$76.03 - $20,923  
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).
)
$41,285 - $120,006  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 36
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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.

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Popular Employer Salaries for Vendor Manager


Popular Skills for Vendor Manager


Vendor Managers report a narrow range of specific skills. Most notably, skills in Contract Negotiation, Vendor Relations, Business Analysis, and Project Management are correlated to pay that is above average, with boosts between 5 percent and 11 percent. At the other end of the pay range are skills like Vendor Management. It is often found that people who know Contract Negotiation are also skilled in Business Analysis.

Pay by Experience Level for Vendor Manager

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


For many Vendor Managers, more experience generally translates to higher pay. 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. Vendor Managers bring in $86K after working for 10 to 20 years. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $101K.

Pay Difference by Location


For those looking to make money, Vendor Managers in Seattle enjoy an exceptional pay rate, 32 percent above the national average. Vendor Managers will also find cushy salaries in Los Angeles (+28 percent) and Atlanta (+3 percent). Place of residence plays a huge part in a Vendor Manager's salary, with Phoenix Vendor Managers earning salaries that are 25 percent less than the national average. San Francisco and New York are a couple other places where companies are known to pay below the median — salaries tend to be 20 percent less than the median.

Related Job Salaries

United States (change)

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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 2%

Vendor Management
up arrow 3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 68 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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