How Much Does a Vendor Risk Management Make in Minneapolis, MN?

Updated March 01, 2025
As of March 01, 2025, the average annual pay of Vendor Risk Management in Minneapolis, MN is $111,372. While Salary.com is seeing that Vendor Risk Management salary in Minneapolis, MN can go up to $149,876 or down to $71,645, but most earn between $90,577 and $131,527. 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.
25% $90,577 10% $71,645 90% $149,876 75% $131,527 $111,372 50%(Median)
Related Job Titles to Vendor Risk Management
IT Vendor Management Analyst IV
$133,077
Minneapolis, MN
Per Year
IT Vendor Management Analyst I
$72,773
Minneapolis, MN
Per Year
IT Vendor Management Analyst II
$89,927
Minneapolis, MN
Per Year
IT Vendor Management Analyst III
$110,093
Minneapolis, MN
Per Year
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Similar Job Salaries to Vendor Risk Management by Company

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Company average base salary in (usd) range
Horizontal Talent
Third Party Vendor Risk Assessor
$104,693/yr
$90,685
$118,701
RANGE: $90,685 - $118,701
Lensa
Third Party Vendor Risk Assessor
$100,944/yr
$87,437
$114,450
RANGE: $87,437 - $114,450
Airgas USA LLC
Vendor Management Inventory Technician
$48,612/yr
$43,316
$53,909
RANGE: $43,316 - $53,909
Blue Cross Blue Shield of Minnesota
Senior Vendor Management Analyst
$147,314/yr
$127,431
$167,197
RANGE: $127,431 - $167,197
Blue Cross Blue Shield of Minnesota
Vendor Management Analyst Sr
$132,499/yr
$116,762
$148,237
RANGE: $116,762 - $148,237
AllianceBernstein Holding L.P.
Director of Vendor Risk Management
$145,718/yr
$124,250
$167,185
RANGE: $124,250 - $167,185
Royal Bank of Canada
Vendor Risk Management Manager
$133,280/yr
$114,163
$152,396
RANGE: $114,163 - $152,396
Bank of Bird-in-Hand
Vendor Management/Risk Specialist
$103,719/yr
$91,153
$116,286
RANGE: $91,153 - $116,286
Javen Technologies
Third Party Vendor Risk Assessor - HYBRID
$100,944/yr
$87,437
$114,450
RANGE: $87,437 - $114,450

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What Does a Vendor Risk Management Do?

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
Each of these individual products or services can have different security measures in place, making the risks they pose unique (even if it’s the same vendor).
Updated December 15, 2021
A risk exchange can improve your VRM program by enabling you to get your vendor assessments done faster, as well as eliminating the time-consuming, assessment-related work that ties up your team and takes resources away from other strategic projects.
Updated December 12, 2021

Frequently Asked Questions About a Vendor Risk Management Salaries

What is the average of a Vendor Risk Management in Minneapolis, MN?

The Vendor Risk Management salary range is from $90,577 to $131,527, and the average Vendor Risk Management salary is $111,372/year in Minneapolis, MN. 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 $131,736 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.