Vendor Management Associate salary in Monaco

Average Yearly Salary of Vendor Management Associate in Monaco is approximately 233,399 EUR (233,520 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 Vendor Management Associate do?

A Vendor Management Associate is responsible for overseeing and managing relationships with vendors and suppliers on behalf of an organization. They play a crucial role in ensuring that the company's vendor network operates efficiently and effectively. Their responsibilities include negotiating contracts, evaluating vendor performance, resolving any issues or disputes, and ensuring compliance with company policies and procedures. They also collaborate with various departments within the organization to identify and onboard new vendors, as well as streamline processes to improve vendor management.

Skills: Vendor Management, Supplier Relations, Contract Negotiation, Vendor Performance Evaluation, Compliance Management, Process Improvement
Job industry: Human resources

How much does Vendor Management Associate make?

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


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Salary comparison to National average

Is Vendor Management Associate a well paid job?

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

What is considered a high salary for Vendor Management Associate?

High salary for Vendor Management Associate would be somewhere between 256,739 EUR and 338,429 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Vendor Management Associate 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: 233,399 EUR
Estimated Monthly Salary: 19,450 EUR
Estimated Weekly Salary: 4,488 EUR per week
Estimated Hourly Salary: 112 EUR per hour
By working as Vendor Management Associate a person can save up to 12,017 USD per month or 144,202 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 Vendor Management Associate

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

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