Vendor Relationship Manager Salary

Median pay for Vendor Relationship Managers in the United States lies in the neighborhood of $69K per year. Cash earnings for Vendor Relationship Managers — including $15K in bonuses and $18K in profit sharing proceeds near the top of the pay scale — generally stretch from $38K to $117K depending on individual performance. Experience level and the particular city each impact pay for this group, with the former having the largest influence. Women make up the majority of Vendor Relationship Managers (60 percent) who completed the questionnaire. Job satisfaction is high and work is enjoyable for most Vendor Relationship Managers. A large number report receiving medical coverage from their employers and most collect dental insurance. This report is based on responses to the PayScale salary survey.
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$41,379 - $107,047
(Median)
$41K
$69K
$110K
MEDIAN: $69,476
10%
50%
90%

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$10.65 - $40.00
(Median)
$11
$19
$40
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
$41,379 - $107,047  
   
Bonus
$976 - $15,418  
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).
)
$38,020 - $116,796  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 220
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
$10.65 - $40.00  
   
Overtime
$28.50  
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
$976 - $15,418  
   
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).
)
$38,020 - $116,796  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 19
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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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Vendor Relationship Managers who responded to the survey report just a handful of professional skills. Most notably, skills in Contract Negotiation, Vendor Management, Vendor Relations, and Contract Management are correlated to pay that is above average, with boosts between 7 percent and 13 percent. Skills that pay less than market rate include Customer Relationship Management and Contract Management. Contract Negotiation and Vendor Management are also commonly seen together.

Pay by Experience Level for Vendor Relationship Manager

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


Experience seems to be a major factor in determining the incomes of Vendor Relationship Managers. 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 $79K on average — a distinctly larger sum. Vendor Relationship Managers claiming one to two decades of experience make an estimated median of $85K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $91K.

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 28%

Experienced
up arrow 20%

Mid-Career
up arrow 11%

National Average
$71,000

Entry-Level
up arrow 18%

Skills That Affect Vendor Relationship Manager Salaries


Vendor Management
up arrow 11%

Vendor Relations
up arrow 7%

National Average
$71,000

Contract Management
up arrow 5%

Customer Relationship Management (CRM)
up arrow 16%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 42 votes.

Gender

Female
60 %
Male
40 %

Years of Experience

Less than 1 year
3%
1-4 years
30%
5-9 years
33%
10-19 years
26%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 81%
medical benefits
Vision: 75%
dental benefits
None: 11%
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