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Vendor Relationship Manager Salary

Vendor Relationship Managers in the United States take home approximately $68K per year on average. Overall cash earnings for Vendor Relationship Managers stretch from $39K on the lower end to $115K near the top, and the heftiest packages can encompass around $16K from bonuses and $18K from profit sharing. Experience level and the particular city each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to almost all, and a large number earn dental coverage. Job satisfaction for Vendor Relationship Managers is high. Women Vendor Relationship Managers who took the survey just slightly outnumber men. This snapshot results from replies to PayScale's salary survey.
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$41,374 - $104,314
(Median)
$41K
$68K
$100K
MEDIAN: $67,648
10%
50%
90%

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$11.00 - $35.79
(Median)
$11
$19
$36
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
$41,374 - $104,314  
   
Bonus
$494.93 - $16,274  
Profit Sharing
$511 - $17,617  
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).
)
$38,690 - $114,512  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 202
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
$11.00 - $35.79  
   
Overtime
$20.50 - $30.92  
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
$494.93 - $16,274  
   
Profit Sharing
$511 - $17,617  
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).
)
$38,690 - $114,512  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 14

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United States (change)


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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

Jobs by Simply Hired
jobs by Indeed job search

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Vendor Relationship Managers typically list a handful of skills they use on the job. Vendor Management and Contract Negotiation are considered valuable skills and can increase employee pay by 13 percent and 3 percent, respectively. Customer Relationship Management, on the other hand, is typically associated with much lower pay.

Pay by Experience Level for Vendor Relationship Manager

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


For many Vendor Relationship Managers, more experience generally translates to higher pay. Relatively untried employees who have less than five years' experience make $59K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $76K. Vendor Relationship Managers bring in $83K after working for 10 to 20 years. Seasoned veterans with 20 years under their belts enjoy a median income of $99K.

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.

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United States (change)

Experience Affects Vendor Relationship Manager Salaries

Late-Career
up arrow 42%

Experienced
up arrow 19%

Mid-Career
up arrow 9%

National Average
$70,000

Entry-Level
up arrow 15%

Skills That Affect Vendor Relationship Manager Salaries

Vendor Management
up arrow 13%

Contract Negotiation
up arrow 3%

National Average
$70,000

Customer Relationship Management (CRM)
up arrow 40%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 50 votes.

Gender

Female
57 %
Male
43 %

Years of Experience

Less than 1 year
2%
1-4 years
30%
5-9 years
33%
10-19 years
26%
20 years or more
9%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 83%
vision benefits Vision: 77% employee benefits None: 8%
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