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Vendor Relationship Manager Salary

The average Vendor Relationship Manager in the United States earns approximately $67K per year. Total incomes of Vendor Relationship Managers incorporate potential for, in a few cases, more than $20K from bonuses and close to $18K from profit sharing; these performance components cause packages to range between $39K and $113K. Most Vendor Relationship Managers like their work and job satisfaction is high. A large number enjoy medical while most get dental coverage. Vision coverage is also available to a fair number. Women make up a slight majority of Vendor Relationship Managers (58 percent) survey respondents. The numbers in this rundown were provided by PayScale's salary survey participants.
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$41,757 - $103,799
(Median)
42K
67K
84K
100K
MEDIAN: $67,008
10%
50%
75%
90%

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$10.30 - $48.48
(Median)
10
19
48
MEDIAN: $19.00
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
$41,757 - $103,799  
   
Bonus
$250.50 - $19,904  
Profit Sharing
$503 - $17,879  
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).
)
$39,416 - $112,710  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 192
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
$10.30 - $48.48  
   
Overtime
$21.75 - $34.20  
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
$250.50 - $19,904  
   
Profit Sharing
$503 - $17,879  
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).
)
$39,416 - $112,710  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 13
United States (change)

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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Survey takers who work as Vendor Relationship Managers typically report just a few professional skills. Those who have experience with Vendor Management, Contract Negotiation, and Customer Relationship Management can expect to be compensated well for these skills. Customer Relationship Management and Contract Negotiation, on the other hand, are 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.


Vendor Relationship Managers with a rich background of experience are typically rewarded with larger paychecks. Survey participants with less than five years' experience pocket $59K on average, but those with five to 10 years of experience enjoy a much bigger median of $75K. Vendor Relationship Managers with one to two decades of relevant experience report an average salary of approximately $84K. Veterans who boast more than two decades of experience make around $103K on average — an ample six-figure paycheck.

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

Experience Affects Vendor Relationship Manager Salaries

Late-Career
up arrow 48%

Experienced
up arrow 20%

Mid-Career
up arrow 8%

National Average
$70,000

Entry-Level
up arrow 15%

Skills That Affect Vendor Relationship Manager Salaries

Vendor Management
up arrow 15%

National Average
$70,000

Contract Negotiation
up arrow 4%

Customer Relationship Management (CRM)
up arrow 40%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 46 votes.

Gender

Female
58 %
Male
42 %

Years of Experience

Less than 1 year
2%
1-4 years
32%
5-9 years
31%
10-19 years
25%
20 years or more
10%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 80%
vision benefits Vision: 75% employee benefits None: 9%