Vendor Risk Management Salaries in Illinois
How Much Does a Vendor Risk Management Make in Illinois?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Vendor Risk Management in Illinois is $106,968.
While Salary.com is seeing that Vendor Risk Management salary in IL can go up to $143,938
or down to $68,798, but most earn between $86,988 and $126,319.
Salary ranges can vary widely depending on many important factors,
including education, certifications, additional skills, and your experience levels.
With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Vendor Risk Management
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Similar Job Salaries to Vendor Risk Management by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Strategic Staffing Solutions
Risk Analyst - Vendor Management
|
$93,041/yr
|
RANGE: $84,087 - $101,994
|
|
Wintrust Financial Corporation
Senior Vendor Risk Analyst
|
$91,092/yr
|
RANGE: $82,657 - $99,528
|
|
W3R Consulting
Vendor Management Consultant
|
$81,464/yr
|
RANGE: $72,469 - $90,459
|
|
Meta
Recruiting Coordinator, Vendor Management
|
$73,204/yr
|
RANGE: $65,434 - $80,975
|
|
QCR Holdings, Inc.
Vendor Management Analyst
|
$87,994/yr
|
RANGE: $80,113 - $95,876
|
|
BlueVoyant
Analyst, Vendor Risk Management
|
$91,126/yr
|
RANGE: $81,371 - $100,882
|
|
Latham & Watkins LLP
Vendor Risk Management Analyst
|
$99,307/yr
|
RANGE: $89,750 - $108,863
|
|
Acara Solutions
Vendor Risk Management Specialist
|
$97,972/yr
|
RANGE: $89,182 - $106,761
|
|
Foresight Financial Group Inc
Vendor Management and Information Security Officer
|
$122,963/yr
|
RANGE: $111,223 - $134,703
|
|
PayPal, Inc.
Sr. Manager, Tech Vendor Management
|
$160,400/yr
|
RANGE: $146,309 - $174,490
|
Top 10 Highest Paying Cities For Vendor Risk Management Jobs in Illinois
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Vendor Risk Management can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Vendor Risk Management job salaries in Illinois.
Some cities can pay higher salaries for Vendor Risk Management jobs, which can indicate that there is a large demand for Vendor Risk Management positions in this city.
The following table shows top 10 cities where the Vendor Risk Management salary is higher than other cities in Illinois.
Chicago takes first place in this list, followed by Cicero, Oak Park.
The Vendor Risk Management salary is $108,447 in Chicago,
which is higher than the national average. There are 20 cities' Vendor Risk Management salary higher than national average in Illinois.
The average salary for a Vendor Risk Management in Illinois is $106,968,
but we found that the city with the highest salary for Vendor Risk Management jobs is Chicago, IL, and it is higher than Cicero.
Vendor Risk Management jobs in Chicago can have the opportunity to earn higher salaries than in other cities in Illinois.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Chicago | $108,447 | $9,037 | $2,086 | $52 |
| Cicero | $108,447 | $9,037 | $2,086 | $52 |
| Oak Park | $108,447 | $9,037 | $2,086 | $52 |
| Evanston | $108,405 | $9,034 | $2,085 | $52 |
| Skokie | $108,405 | $9,034 | $2,085 | $52 |
| Oak Lawn | $108,321 | $9,027 | $2,083 | $52 |
| Des Plaines | $108,153 | $9,013 | $2,080 | $52 |
| Mount Prospect | $108,069 | $9,006 | $2,078 | $52 |
| Aurora | $107,608 | $8,967 | $2,069 | $52 |
| Hoffman Estates | $107,513 | $8,959 | $2,068 | $52 |
What Does a Vendor Risk Management Do?
In order for a vendor risk management plan to be useful, your organization must understand the vendor risk assessment process and be willing to work with your compliance, internal audit, HR and legal teams to ensure the vendor risk management plan is followed for each new and existing vendor.
Updated November 28, 2021
The vendor risk management lifecycle is sometimes referred to as the “third-party risk management lifecycle,” which we break down in much greater detail.
Updated November 14, 2021
For example, businesses that have implemented a vendor risk management program can evaluate and onboard new vendors more efficiently, getting the right tools into the right peoples’ hands – faster.
Updated December 22, 2021
A key, yet often overlooked, feature of vendor risk management is understanding your vendor’s cybersecurity program.
Updated December 20, 2021
These eight steps present a high-level overview of elements that make up a strong vendor risk management strategy:.
Updated December 18, 2021
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Explore JobArchitectFrequently Asked Questions About a Vendor Risk Management Salaries
What is the average of a Vendor Risk Management in Illinois?
The Vendor Risk Management salary range is from $86,988 to $126,319, and the average Vendor Risk Management salary is $106,968/year in Illinois.
The Vendor Risk Management's salary will change in different locations.
Which location pays the highest Vendor Risk Management salary in the United States?
The Vendor Risk Management salary in San Jose, CA is $132,364
which is the highest in the US.
What kinds of reasons will influence the Vendor Risk Management's salary?
Besides the location, employees' education degree, related skills, and work experience also will influence the salary.
Try to improve your skills and experience to get a higher salary for the position of Vendor Risk Management.
What is the growth rate of the Vendor Risk Management's salary?
If you are thinking of becoming a Vendor Risk Management or planning the next step in your career, find the detailed salary report of a Vendor Risk Management.
