Vendor Manager Salary

Vendor Managers in the United States take home approximately $71K per year on average. Overall incomes of Vendor Managers generally bottom out at around $40K and peak near $121K; the final number can, in exceptional cases, include upwards of $20K each for bonuses and profit sharing proceeds. While experience level and geography impact pay for this group, the company is the most influential factor. Job satisfaction is high and work is enjoyable for most Vendor Managers. Men working as Vendor Managers who took the survey just slightly outnumber women at 58 percent. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to a fair number. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$42,719 - $110,816
(Median)
$43K
$71K
$110K
MEDIAN: $70,557
10%
50%
90%

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$12.59 - $28.50
(Median)
$13
$18
$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
$42,719 - $110,816  
   
Bonus
$401.34 - $19,763  
Profit Sharing
$75.00 - $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).
)
$40,210 - $121,307  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 314
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
$12.59 - $28.50  
   
Overtime
$1.51 - $33.85  
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
$401.34 - $19,763  
   
Profit Sharing
$75.00 - $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).
)
$40,210 - $121,307  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 34

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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 suggest that Vendor Managers use a fairly large toolkit 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 12 percent. The majority of those who know 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.


For many Vendor Managers, experience and pay levels seem to be correlated; more years in the business generally lead to more money. Those in the early stages of their career can expect to make around $57K; however, individuals with five to 10 years of experience bring in $77K on average — a distinctly larger sum. Vendor Managers see a median salary of $90K after reaching one to two decades on the job. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $100K on average.

Pay Difference by Location


Seattle is home to an above-average pay rate for Vendor Managers, 39 percent higher than the national average. Vendor Managers will also find cushy salaries in San Francisco (+7 percent), Atlanta (+3 percent), Minneapolis (+3 percent), and Charlotte (+2 percent). New York is home to the smallest salaries in the field, lagging the national average by 8 percent. Employers also pay below the national average in Dallas (5 percent lower) and Phoenix (3 percent lower).

Related Job Salaries

United States (change)

Experience Affects Vendor Manager Salaries




National Average
$72,000


Skills That Affect Vendor Manager Salaries




Project Management
0%

Vendor Management
0%

National Average
$72,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 72 votes.

Gender

Female
42 %
Male
58 %

Years of Experience

Less than 1 year
1%
1-4 years
34%
5-9 years
26%
10-19 years
29%
20 years or more
9%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 82%
vision benefits Vision: 74% employee benefits None: 9%