Vendor Manager Salary

Earnings for Vendor Managers in the United States come in at around $78K annually on average. Total incomes of Vendor Managers incorporate potential for, in a few cases, more than $25K from bonuses and close to $22K from profit sharing; these performance components cause packages to range between $47K and $134K. Location is the biggest factor affecting pay for this group, followed by experience level and the particular employer. Male Vendor Managers are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 58 percent of the field. In this profession, most enjoy medical and dental coverage, and a strong majority have vision insurance, as well. Most people on this career path report moderate levels of job satisfaction. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$48,336 - $126,188
$48K
$77K
$130K
MEDIAN: $76,934
10%
50%
90%

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$15.30 - $61.83
$15
$20
$62
MEDIAN: $20.50
10%
50%
90%

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$0$131K
Salary $48,336 - $126,188
Bonus $1,474 - $25,602
Profit Sharing $0.00 - $18,548
Commission $20,000
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).
)
$45,513 - $131,290
  • Country: United States
  • Currency: USD
  • Updated: 19 Nov 2017
  • Individuals Reporting: 298
Hourly Data $0$61
Hourly Rate $15.30 - $61.83
Overtime $29.66
Annual Data $0$131K
Bonus $1,474 - $25,602
Commission $20,000
Profit Sharing $0.00 - $18,548
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).
)
$45,513 - $131,290
  • Country: United States
  • Currency: USD
  • Updated: 19 Nov 2017
  • Individuals Reporting: 25

Job Description for Vendor Manager

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. Vendor managers must be able to build positive relations with new vendors and maintain good relationships with existing ones as well.

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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.

Vendor Manager Job Listings

Popular Employer Salaries for Vendor Manager


Popular Skills for Vendor Manager


Vendor Managers report using a diverse set of skills on the job. Most notably, skills in Business Analysis, Operations Management, Contract Negotiation, and Project Management are correlated to pay that is above average. Those listing Data Analysis as a skill should be prepared for drastically lower pay. Vendor Management and Vendor Relations also typically command lower compensation. Those educated in Contract Negotiation tend to be well versed in Business Analysis.

Pay by Experience Level for Vendor Manager

Pay by Experience for a Vendor Manager has a positive trend. An entry-level Vendor Manager with less than 5 years of experience can expect to earn an average total compensation of $68,000 based on 147 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Vendor Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $87,000 based on 109 salaries. An experienced Vendor Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $91,000 based on 90 salaries. A Vendor Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $113,000 based on 29 salaries.

Pay Difference by Location

National Average: $79,903

Larger city markers indicate a job is popular in that location.

For Vendor Managers, Seattle provides a pay rate that is 26 percent greater than the national average. Vendor Managers will also find cushy salaries in Jacksonville (+18 percent). Place of residence plays a huge part in a Vendor Manager's salary, with Phoenix Vendor Managers earning salaries that are 33 percent less than the national average. Employers also pay below the national average in Austin (29 percent lower) and Dallas (25 percent lower).

Related Job Salaries

Key Stats for Vendor Manager

Gender

Female
45 %
Male
55 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 50 votes.
Less than 1 year
0%
1-4 years
36%
5-9 years
32%
10-19 years
22%
20 years or more
9%

Experience Affects Vendor Manager Salaries

▲41%

▲14%

▲9%

National Average
$80,000

▼15%

Skills That Affect Vendor Manager Salaries


Operations Management
▲6%


National Average
$80,000


People Management
▼6%



Data Analysis
▼25%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 50 votes.

Gender

Female
45 %
Male
55 %

Years of Experience

Less than 1 year
0%
1-4 years
36%
5-9 years
32%
10-19 years
22%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 82%
vision benefits
Vision: 79%
no benefits
None: 11%