Vendor Relationship Manager Salary

Median pay for Vendor Relationship Managers in the United States lies in the neighborhood of $70K annually. Location is the biggest factor affecting pay for this group, followed by years of experience. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 53 percent. Job satisfaction is reported as high by the vast majority of workers. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$45,164 - $108,297
$45K
$70K
$110K
MEDIAN: $70,413
10%
50%
90%

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$9.79 - $41.22
$9
$19
$41
MEDIAN: $19.00
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
$45,164 - $108,297  
   
Bonus
$1,982 - $19,986  
Profit Sharing
$14,639  
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).
)
$41,968 - $113,667  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 190
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
$9.79 - $41.22  
   
Overtime
$30.41  
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
$1,982 - $19,986  
   
Profit Sharing
$14,639  
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).
)
$41,968 - $113,667  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 15

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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

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

Vendor Relationship Manager Job Listings

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Pay by Experience Level for Vendor Relationship Manager

Pay by Experience for a Vendor Relationship Manager has a positive trend. An entry-level Vendor Relationship Manager with less than 5 years of experience can expect to earn an average total compensation of $62,000 based on 111 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Vendor Relationship Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $76,000 based on 90 salaries. An experienced Vendor Relationship Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $83,000 based on 53 salaries. A Vendor Relationship Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $79,000 based on 12 salaries.

Related Job Salaries

Key Stats for Vendor Relationship Manager

Gender

Female
53 %
Male
47 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 29 votes.
Less than 1 year
3%
1-4 years
33%
5-9 years
35%
10-19 years
23%
20 years or more
6%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Vendor Relationship Manager Salaries

▲17%

Late-Career
▲10%

▲7%

National Average
$71,000

▼13%

Skills That Affect Vendor Relationship Manager Salaries



National Average
$71,000

Contract Management
▼9%

Data Analysis
▼13%

Customer Relationship Management (CRM)
▼24%

Vendor Relations
▼25%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 29 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
3%
1-4 years
33%
5-9 years
35%
10-19 years
23%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 77%
vision benefits
Vision: 68%
no benefits
None: 14%