Earnings for Vendor Relationship Managers in the United States come in at around $71K per year on average. Location and career length each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Women Vendor Relationship Managers who took the survey just slightly outnumber men. Most Vendor Relationship Managers report high levels of job satisfaction. This report is based on answers to PayScale's salary questionnaire.
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$42,819 - $109,747
(Median)
$43K
$71K
$110K
MEDIAN: $71,369
10%
50%
90%

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$9.89 - $40.55
(Median)
$9
$19
$41
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
$42,819 - $109,747  
   
Bonus
$2,010 - $18,246  
Profit Sharing
$11,250  
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).
)
$40,638 - $114,607  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 200
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
$9.89 - $40.55  
   
Overtime
$29.46  
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
$2,010 - $18,246  
   
Profit Sharing
$11,250  
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).
)
$40,638 - $114,607  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 17
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Job Description for Vendor Relationship Manager

Vendor relationship manager positions are found in a wide variety of industries and businesses, ranging from financial institutions to manufacturers. Most companies maintain some form of vendor relationships that can be essential to their business, and they generally look to hire vendor relationship managers with substantial experience and knowledge of the field; in many cases, this requires experience or a background specific to the company's industry. Most positions also require that employees be able to travel, with the potential for both international and domestic trips.

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Vendor Relationship Manager Tasks

  • Find and negotiate pricing with external service providers.
  • Manage vendor analysts and clerical staff.
  • Manage the procurement of vendor services, selection of vendors, review, and contract approval.

Vendor Relationship Manager Job Listings

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Pay by Experience Level for Vendor Relationship Manager

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


Salaries for the relatively untried average out to around $59K, but survey participants with five to 10 years of experience earn a significantly higher median of $76K. Vendor Relationship Managers claiming one to two decades of experience make an estimated median of $84K. For some reason, Vendor Relationship Managers with more than two decades of experience report lower paychecks overall; the median sum in this group sits near $83K.

Vendor Relationship Manager Advice

What do you wish you knew about your job when you first started out?

Vendor Relationship Manager in Portland:
Be ready to know when to walk away. In negotiations and in the job. No one, no matter the role, deserves to be treated poorly for any reason. It's just business.

Related Job Salaries

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Experience Affects Vendor Relationship Manager Salaries

Experienced
up arrow 17%

Late-Career
up arrow 15%


National Average
$72,000

Entry-Level
up arrow 18%

Skills That Affect Vendor Relationship Manager Salaries


Data Analysis
up arrow 8%


National Average
$72,000

Contract Management
up arrow 10%

Customer Relationship Management (CRM)
up arrow 25%

Vendor Relations
up arrow 40%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 31 votes.

Gender

Female
54 %
Male
46 %

Years of Experience

Less than 1 year
3%
1-4 years
32%
5-9 years
34%
10-19 years
24%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 80%
medical benefits
Vision: 69%
dental benefits
None: 12%
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