Vendor Manager Salary

The average Vendor Manager in the United States earns approximately $72K annually. Final cash compensation to Vendor Managers varies from around $43K to approximately $122K; choice pay grades include potential for bonuses and profit sharing as high as $20K and $26K, respectively. Compensation for this group is mainly affected by the company, but experience level and location are influential factors as well. Job satisfaction for Vendor Managers is high. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a strong majority. This overview is based on answers to PayScale's salary questionnaire.

$45,730 - $112,404
(Median)
$46K
$72K
$110K
MEDIAN: $71,624
10%
50%
90%

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$12.60 - $26.93
(Median)
$13
$18
$27
MEDIAN: $18.00
10%
50%
90%

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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
$45,730 - $112,404  
   
Bonus
$881 - $20,075  
Profit Sharing
$237.50 - $25,600  
Commission
$1,000  
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).
)
$42,537 - $122,422  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 409
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
$12.60 - $26.93  
   
Overtime
$1.53 - $36.75  
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
$881 - $20,075  
   
Commission
$1,000  
Profit Sharing
$237.50 - $25,600  
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).
)
$42,537 - $122,422  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 40
United States (change)

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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


Survey results show that Vendor Managers use a fair number of 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 3 percent and 11 percent. Skills that pay less than market rate include Vendor Management. Most people skilled in Contract Negotiation are similarly competent in 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 lot of experience tend to enjoy higher earnings. Survey participants with less than five years' experience pocket $62K on average, but those with five to 10 years of experience enjoy a much bigger median of $78K. Vendor Managers claiming one to two decades of experience make an estimated median of $88K. Survey participants who have worked for more than two decades report bringing in $101K on average.

Pay Difference by Location

National Average: $73,733

Larger city markers indicate a job is popular in that location.

For Vendor Managers, Seattle provides a pay rate that is 29 percent greater than the national average. Vendor Managers can also look forward to large paychecks in cities like Denver (+21 percent), Los Angeles (+17 percent), Austin (+4 percent), and New York (+4 percent). San Francisco is home to the smallest salaries in the field, lagging the national average by 19 percent. Below-median salaries also turn up in Phoenix and Dallas (16 percent lower and 9 percent lower, respectively).

Related Job Salaries

United States (change)

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Experience Affects Vendor Manager Salaries




National Average
$74,000


Skills That Affect Vendor Manager Salaries


Business Analysis
up arrow 4%

Vendor Relations
up arrow 3%

National Average
$74,000

Project Management
up arrow 1%

Vendor Management
up arrow 4%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 75 votes.

Gender

Female
40 %
Male
60 %

Years of Experience

Less than 1 year
2%
1-4 years
36%
5-9 years
25%
10-19 years
28%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 85%
medical benefits
Vision: 75%
dental benefits
None: 7%
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