Director Of Vendor Management salary in Monaco

Average Yearly Salary of Director Of Vendor Management in Monaco is approximately 375,891 EUR (375,920 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Director Of Vendor Management do?

The Director of Vendor Management is responsible for overseeing and managing relationships with external vendors and suppliers on behalf of an organization. They play a crucial role in ensuring that the organization's vendor selection and management processes are efficient, cost-effective, and aligned with its strategic goals. The director is responsible for identifying and evaluating potential vendors, negotiating contracts and pricing, monitoring vendor performance, and resolving any issues or disputes that may arise. They also collaborate with internal stakeholders to understand their requirements and ensure that vendor services meet their needs. The director of vendor management must possess strong communication and negotiation skills, as well as the ability to analyze data and make informed decisions. They must stay updated on industry trends and best practices to optimize vendor relationships and drive continuous improvement.

Skills: Vendor management, Supplier relations, Contract negotiation, Strategic sourcing, Vendor performance, Stakeholder collaboration
Job industry: Procurement

How much does Director Of Vendor Management make?

Difference in salary year over year or average salary increase is approximately 4 %


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

Is Director Of Vendor Management a well paid job?

Yes, our data show that Director Of Vendor Management is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Director Of Vendor Management?

High salary for Director Of Vendor Management would be somewhere between 413,480 EUR and 545,042 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Director Of Vendor Management in Monaco?

Living in Monaco the approximate monthly expenses are: 7,443 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 375,891 EUR
Estimated Monthly Salary: 31,324 EUR
Estimated Weekly Salary: 7,229 EUR per week
Estimated Hourly Salary: 181 EUR per hour
By working as Director Of Vendor Management a person can save up to 23,883 USD per month or 286,602 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Monaco, see costs of living in Monaco.

Salary comparison to region and neighbouring coutries

Country's neighbours are: France, Italy.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Director Of Vendor Management

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Monaco

Data as of 2025

Random salary:
Associate dean of students (university) (246,963 EUR per year, pre-tax.)
Early childhood special educator (174,431 EUR per year, pre-tax.)
Residential architect (224,236 EUR per year, pre-tax.)
Junior billing specialist (130,343 EUR per year, pre-tax.)
It budget analyst (209,492 EUR per year, pre-tax.)

Feedback about these results