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Vendor Manager Salary

Vendor Managers in the United States take home an average $71K annually. Incomes of Vendor Managers vary widely depending on performance components; bonuses and profit sharing that can occasionally exceed $20K cause paychecks to spread between $39K on the low end and $122K on the high end. The particular firm is the main element affecting pay for this group — tenure and location are driving factors as well. Medical benefits are awarded to nearly all, and most earn dental coverage. Male Vendor Managers are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 59 percent of the field. Most Vendor Managers like their work and job satisfaction is high. The figures in this rundown are based on the results of PayScale's salary questionnaire.
$44,165 - $111,714
(Median)
$44K
$71K
$110K
MEDIAN: $71,385
10%
50%
90%

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$12.55 - $22.10
(Median)
$13
$18
$22
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
$44,165 - $111,714  
   
Bonus
$397.32 - $19,956  
Profit Sharing
$683 - $20,330  
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).
)
$39,403 - $122,442  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 281
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
$12.55 - $22.10  
   
Overtime
$1.49 - $32.46  
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
$397.32 - $19,956  
   
Profit Sharing
$683 - $20,330  
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).
)
$39,403 - $122,442  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 32
United States (change)

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


Vendor Managers report using a wide range of professional 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 14 percent. Skills that are correlated to lower pay, on the other hand, include Vendor Management. Those familiar with Contract Negotiation also tend to know Business Analysis.

Pay by Experience Level for Vendor Manager

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


Experience seems to be a major factor in determining the incomes of Vendor Managers. Salaries for the relatively untried average out to around $56K, but survey participants with five to 10 years of experience earn a significantly higher median of $78K. For Vendor Managers, 10 to 20 years of experience on the job amounts to an average salary of $93K. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $100K.

Pay Difference by Location


For Vendor Managers, busy San Francisco offers a higher-than-average pay rate, 43 percent above the national average. Vendor Managers will also find cushy salaries in Seattle (+39 percent) and New York (+13 percent). Trailing the national average by 13 percent, Charlotte is the market with the smallest paychecks. Dallas and Phoenix are a couple other places where companies are known to pay below the median — salaries are 5 percent lower and 3 percent lower, respectively.

Related Job Salaries

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 6%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 71 votes.

Gender

Female
41 %
Male
59 %

Years of Experience

Less than 1 year
2%
1-4 years
34%
5-9 years
27%
10-19 years
28%
20 years or more
10%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 81%
vision benefits Vision: 72% employee benefits None: 9%