The average salary for a Vendor Manager is $74,509.
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What Do Vendor Managers Do?
A vendor manager oversees the relationship between their business and its vendors (or suppliers). They manage these relationships from the start of the contract through the sales process and after, when a financial analysis may be of strategic assistance. These professionals must provide analyses to their organization on vendors, oversee costs, and ensure the terms of contracts are followed by all parties. They should also be able to identify trends related to product needs for their employer. V…Read more
Vendor Manager Tasks
- Manage company relationships with vendors, making sure contract terms are fulfilled and mitigating vendor risk.
- Create sales partnerships with vendors which benefit both parties.
- Identify potential vendors and conduct research to determine who offers the best products, prices, and services.
- Coordinate vendors to develop efficient supply chain strategies.
Job Satisfaction for Vendor Manager
Popular Employer Salaries for Vendor Manager
The top respondents for the job title Vendor Manager are from the companies Amazon.com Inc, Bank of America Corp. (BOFA) and J.P. Morgan Chase & Co. (JPMCC). Reported salaries are highest at Amazon.com Inc where the average pay is $84,791. Other companies that offer high salaries for this role include Comcast Cable, Inc., earning around $83,524. J.P. Morgan Chase & Co. (JPMCC) pays the lowest at around $66,000. Bank of America Corp. (BOFA) also pays on the lower end of the scale, paying $82,024.
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Project Manager, (Unspecified Type / Gen...
Somewhat common (8 - 20%)
Vendor Manager Job Listings
What Are Popular Skills for Vendor Managers?
Skills in Vendor Management, Contract Negotiation, Project Management and Business Analysis are correlated to pay that is above average. Skills that pay less than market rate include Vendor Relations.
What is the Pay by Experience Level for Vendor Managers?
An entry-level Vendor Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $57,127 based on 16 salaries. An early career Vendor Manager with 1-4 years of experience earns an average total compensation of $67,952 based on 238 salaries. A mid-career Vendor Manager with 5-9 years of experience earns an average total compensation of $80,095 based on 195 salaries. An experienced Vendor Manager with 10-19 years of experience earns an average total compensation of $83,725 based on 143 salaries. In their late career (20 years and higher), employees earn an average total compensation of $101,179.
Pay Difference by Location
Employees with Vendor Manager in their job title in New York, New York earn an average of 43.2% more than the national average. These job titles also find higher than average salaries in Denver, Colorado (13.4% more) and Seattle, Washington (8.9% more). The lowest salaries can be found in Chicago, Illinois (9.8% less).
Years of Experience
This data is based on 631 survey responses.