Vendor Relationship Manager Salary

An average Vendor Relationship Manager in the United States can expect to take home roughly $68K annually. Cash earnings for Vendor Relationship Managers — including $16K in bonuses and $18K in profit sharing proceeds near the top of the pay scale — generally stretch from $38K to $115K depending on individual performance. Experience level is the biggest factor affecting pay for this group, followed by geography. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a strong majority. The majority of Vendor Relationship Managers claim high levels of job satisfaction. Women Vendor Relationship Managers who took the survey just slightly outnumber men. The data in this summary comes from the PayScale salary survey.
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$40,550 - $103,687

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$10.31 - $21.01

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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
$40,550 - $103,687  
   
Bonus
$515 - $15,998  
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).
)
$37,510 - $114,856  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | 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
$10.31 - $21.01  
   
Overtime
$20.50 - $30.92  
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
$515 - $15,998  
   
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).
)
$37,510 - $114,856  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 14
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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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Job skills reported by Vendor Relationship Managers are limited. Most notably, skills in Vendor Management, Contract Negotiation, Contract Management, and Customer Relationship Management (CRM) are correlated to pay that is above average. Those listing Customer Relationship Management as a skill should be prepared for drastically 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. Those in the early stages of their career can expect to make around $58K; however, individuals with five to 10 years of experience bring in $76K on average — a distinctly larger sum. Vendor Relationship Managers see a median salary of $83K after reaching one to two decades on the job. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $98K, which is substantially larger than the medians reported by folks with fewer years on their resumes.

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

Late-Career
up arrow 40%

Experienced
up arrow 18%

Mid-Career
up arrow 9%

National Average
$70,000

Entry-Level
up arrow 17%

Skills That Affect Vendor Relationship Manager Salaries

Vendor Management
up arrow 13%


Contract Management
0%

National Average
$70,000

Customer Relationship Management (CRM)
up arrow 28%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 41 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: 78% employee benefits None: 8%
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