An average Vendor Manager in the United States can expect to take home roughly $73K per year. Overall incomes of Vendor Managers generally bottom out at around $44K and peak near $132K; the final number can, in exceptional cases, include upwards of $29K each for bonuses and profit sharing proceeds. While years of experience and the specific company impact pay for this group, location is the most influential factor. Most workers in this position report moderate levels of job satisfaction. Almost all receive medical and dental insurance and a fair number get vision plans. Men working as Vendor Managers who took the survey just slightly outnumber women at 59 percent. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$44,387 - $123,065
(Median)
$44K
$73K
$120K
MEDIAN: $73,497
10%
50%
90%

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$14.70 - $88.77
(Median)
$15
$20
$89
MEDIAN: $19.00
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
$44,387 - $123,065  
   
Bonus
$1,451 - $29,233  
Profit Sharing
$0.00 - $29,361  
Commission
$17,500  
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).
)
$44,128 - $131,755  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 289
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$30$60$90
Hourly Rate
$14.70 - $88.77  
   
Overtime
$21.14 - $89.40  
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$60K$120K$180K
Bonus
$1,451 - $29,233  
   
Commission
$17,500  
Profit Sharing
$0.00 - $29,361  
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).
)
$44,128 - $131,755  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 21
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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 using a pretty varied skill set on the job. Most notably, skills in Business Analysis, Operations Management, Contract Negotiation, and Project Management are correlated to pay that is above average, with boosts between 7 percent and 10 percent. Skills that are correlated to lower pay, on the other hand, include Vendor Management and Vendor Relations. Most people experienced in 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 generally obtain higher compensation for more plentiful past experience. Workers in their first five years can expect to earn $65K, but people who have been around for five to 10 years earn a noticeably bigger sum of $83K. Vendor Managers who work for 10 to 20 years in their occupation tend to earn about $91K. Seasoned veterans with 20 years under their belts enjoy a median income of $110K.

Pay Difference by Location

National Average: $77,213

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

For Vendor Managers, busy Seattle offers a higher-than-average pay rate, 26 percent above the national average. Vendor Managers will also find cushy salaries in Jacksonville (+23 percent) and Denver (+16 percent). Location significantly influences compensation, with Austin Vendor Managers earning much less — 42 percent less — than the national average. A couple other locations with smaller-than-average paychecks include Dallas (21 percent lower) and Phoenix (20 percent lower).

Related Job Salaries

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Experience Affects Vendor Manager Salaries




National Average
$77,000


Skills That Affect Vendor Manager Salaries


Operations Management
up arrow 9%


National Average
$77,000

Project Management
up arrow 2%

Vendor Relations
up arrow 3%

People Management
up arrow 3%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 34 votes.

Gender

Female
41 %
Male
59 %

Years of Experience

Less than 1 year
2%
1-4 years
37%
5-9 years
26%
10-19 years
26%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 87%
medical benefits
Vision: 77%
dental benefits
None: 8%
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