How much does an IT Vendor Management Analyst I make in Louisville, KY? The average IT Vendor Management Analyst I salary in Louisville, KY is $63,337 as of February 26, 2024, but the range typically falls between $56,530 and $73,165. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

IT Vendor Management Analyst I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile IT Vendor Management Analyst I Salary $50,332 Louisville,KY February 26, 2024
25th Percentile IT Vendor Management Analyst I Salary $56,530 Louisville,KY February 26, 2024
50th Percentile IT Vendor Management Analyst I Salary $63,337 Louisville,KY February 26, 2024
75th Percentile IT Vendor Management Analyst I Salary $73,165 Louisville,KY February 26, 2024
90th Percentile IT Vendor Management Analyst I Salary $82,113 Louisville,KY February 26, 2024
25% $56,530 10% $50,332 90% $82,113 75% $73,165 $63,337 50%(Median) Didn’t find job title? Click
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Check out IT Vendor Management Analyst jobs in Louisville, Kentucky

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What skills does an IT Vendor Management Analyst I need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

Procurement: Procurement is the process of finding and agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. Procurement is used to ensure the buyer receives goods, services, or works at the best possible price when aspects such as quality, quantity, time, and location are compared. Corporations and public bodies often define processes intended to promote fair and open competition for their business while minimizing risks such as exposure to fraud and collusion. Almost all purchasing decisions include factors such as delivery and handling, marginal benefit, and price fluctuations. Procurement generally involves making buying decisions under conditions of scarcity. If sound data is available, it is good practice to make use of economic analysis methods such as cost-benefit analysis or cost-utility analysis.

3.

Risk Assessment: Broadly speaking, a risk assessment is the combined effort of: identifying and analyzing potential (future) events that may negatively impact individuals, assets, and/or the environment (i.e. risk analysis); and making judgments "on the tolerability of the risk on the basis of a risk analysis" while considering influencing factors (i.e. risk evaluation).Put in simpler terms, a risk assessment analyzes what can go wrong, how likely it is to happen, what the potential consequences are, and how tolerable the identified risk is. As part of this process, the resulting determination of risk may be expressed in a quantitative or qualitative fashion. The risk assessment is an inherent part of an overall risk management strategy, which attempts to, after a risk assessment, "introduce control measures to eliminate or reduce" any potential risk-related consequences.

Analysis 0.21%
Procurement 0.09%
Risk Assessment 0.04%
Others 99.66%

Job Description for IT Vendor Management Analyst I

IT Vendor Management Analyst I is responsible for the day-to-day administration of technology vendor relationships and serves as the organization's point of contact to ensure smooth performance of operations. Assists vendor selection by reviewing and evaluating requests for proposals and contracts. Being an IT Vendor Management Analyst I monitors compliance with service level agreements to ensure performance/quality metrics, responsibilities, and expectations are met. Develops dashboards, reports, and presentations to track vendor performance. Additionally, IT Vendor Management Analyst I proactively identifies areas where performance is at risk and collaborates with vendors to establish service quality mitigation strategies. Appropriately escalates vendor product and service issues. Typically requires a bachelor's degree. Typically reports to a manager. The IT Vendor Management Analyst I work is closely managed. Works on projects/matters of limited complexity in a support role. To be an IT Vendor Management Analyst I typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for IT Vendor Management Analyst I in Louisville, KY

Career Path for IT Vendor Management Analyst I

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For IT Vendor Management Analyst I, the upper level is IT Vendor Management Analyst II and then progresses to IT Vendor Management Analyst IV.

Those that have already made the climb...
Nick Daffan, Executive Vice President and Chief Information Officer
Verisk Analytics, Inc. provides data analytics solutions to the insurance markets in the United States and internationally. The company provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, and various other fields... More
Fiscal Year Ended in 2022
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IT Vendor Management Analyst I salary varies from city to city. Compared with national average salary of IT Vendor Management Analyst I, the highest IT Vendor Management Analyst I salary is in San Francisco, CA, where the IT Vendor Management Analyst I salary is 25.0% above. The lowest IT Vendor Management Analyst I salary is in Miami, FL, where the IT Vendor Management Analyst I salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for an IT Vendor Management Analyst I, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
56530
73165
63337

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
58186
76580
65913
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of IT Vendor Management Analyst I in Louisville, KY. The base salary for IT Vendor Management Analyst I ranges from $56,530 to $73,165 with the average base salary of $63,337. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $58,186 to $76,580 with the average total cash compensation of $65,913.
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Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

56530
73165

 

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How much should you be paid?

About Louisville, Kentucky    Louisville and Jefferson County have a combined area of 397.68 square miles (1,030.0 km2), of which 380.46 square miles (985.4 km2) is land and 17.23 ....More

Louisville, Kentucky  area prices were up 1.2% from a year ago    View the Cost of Living in Louisville, Kentucky

IT Vendor Management Analyst I Salary in popular cities: LexingtonBowling GreenOwensboro

Skills associated with IT Vendor Management Analyst I: Procurement Software, Regulatory Compliance, RFP (Request For Proposal), Issue Resolution ...More

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