$71,015
Avg. Salary
$19.47
Avg. Hourly Rate

Average additional compensation:

$8,243

Bonus

$5,000

Profit Sharing

$10,000

Commission

What am I worth?
How should I pay?

The average pay for a Vendor Relationship Manager is $19.47 per hour.

The average pay for a Vendor Relationship Manager is $71,015 per year.

$10.31
10%
$19.47
50%
$40.98
90%
MEDIAN $19.47
$45k
10%
$71k
50%
$112k
90%
MEDIAN $71,015
$44,738 - $112,097
$45K
$71K
$110K
MEDIAN: $71,015
10%
50%
90%

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$10.31 - $40.98
$10
$19
$41
MEDIAN: $19.47
10%
50%
90%

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$0$118K
Salary $44,738 - $112,097
Bonus $1,998 - $20,841
Profit Sharing $981 - $15,280
Commission $10,000
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).
)
$41,796 - $118,513
  • Country: United States
  • Currency: USD
  • Updated: 20 Feb 2019
  • Individuals Reporting: 354
Hourly Data $0$40
Hourly Rate $10.31 - $40.98
Overtime $29.24
Annual Data $0$118K
Bonus $1,998 - $20,841
Commission $10,000
Profit Sharing $981 - $15,280
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).
)
$41,796 - $118,513
  • Country: United States
  • Currency: USD
  • Updated: 20 Feb 2019
  • Individuals Reporting: 34

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.

Read More...
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

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.

Vendor Relationship Manager Advice

Q: What is it like working as a Vendor Relationship Manager?

Vendor Relationship Manager in Grapevine:
"Great jumping off point."
You will learn the ins and outs, how to negotiate with the best of them.

Vendor Relationship Manager in Cincinnati:
"Build relationshops."
Don't worry about pressure to yell scream and berate vendors. Build relationships and build solid contracts to manage expectations.

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

Key Stats for Vendor Relationship Manager

Gender

Female
54 %
Male
46 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 66 votes.
Less than 1 year
3%
1-4 years
34%
5-9 years
32%
10-19 years
24%
20 years or more
6%

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 66 votes.

Gender

Female
54 %
Male
46 %

Years of Experience

Less than 1 year
3%
1-4 years
34%
5-9 years
32%
10-19 years
24%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 78%
vision benefits
Vision: 69%
no benefits
None: 15%