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How much do vendor governance jobs pay per hour?

As of Aug 13, 2026, the average hourly pay for vendor governance in the United States is $32.65, according to ZipRecruiter salary data. Most workers in this role earn between $17.31 and $57.69 per hour, depending on experience, location, and employer.

Is vendor governance a growing field?

Vendor governance is a rapidly growing field as organizations increasingly focus on managing third-party risks and ensuring compliance. It involves skills in risk assessment, contract management, and the use of governance tools, making it a valuable area for professionals seeking career growth in procurement and risk management roles.

What is vendor governance?

Vendor governance is the process of overseeing and managing relationships with suppliers and service providers to ensure compliance with contractual obligations, quality standards, and risk management. It involves establishing policies, monitoring performance, and conducting audits to optimize vendor performance and mitigate potential risks within an organization.

What is the difference between Vendor Governance vs Vendor Management?

AspectVendor GovernanceVendor Management
FocusEstablishing policies, standards, and oversight for vendor relationshipsDay-to-day management and operational activities with vendors
ResponsibilitiesEnsuring compliance, risk mitigation, and strategic alignmentContract administration, performance monitoring, and issue resolution
Skills & CertificationsVendor risk management, compliance, procurement policiesContract negotiation, relationship management, service delivery

Vendor Governance and Vendor Management are related but distinct roles. Vendor Governance sets the strategic framework and policies for managing vendors, focusing on compliance and risk. Vendor Management handles the operational aspects, ensuring vendors meet performance standards and contractual obligations. Both are essential for effective vendor relationships but serve different functions within an organization.

What skills are needed for vendor governance?

Vendor governance professionals need strong communication, negotiation, and relationship management skills to oversee vendor performance and compliance. They should also have knowledge of contract management, risk assessment, and familiarity with procurement tools and industry standards to ensure effective vendor oversight.
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Vendor Governance jobs near you
Infographic showing various Vendor Governance job openings in the United States as of August 2026, with employment types broken down into 88% Full Time, 6% Part Time, 1% Temporary, and 5% Contract. Highlights an 89% Physical, 4% Hybrid, and 7% Remote job distribution, with an average salary of $67,904 per year, or $32.6 per hour.

Technology Vendor Manager (IT)

Princeton University

Princeton, NJ • On-site

$130K - $144K/yr

Full-time

Re-posted 9 days ago

Princeton University rating

9.0

Company rating: 9.0 out of 10

Based on 26 frontline employees who took The Breakroom Quiz

26th of 618 rated colleges and universities

Job description

Overview
The Technology Vendor Manager, a hands-on manager, will manage vendor relations and establish the governance framework that will provide visibility on vendor risk, vendor performance and overall financial benefit of the vendor to the University. This will include governing strategic third-party relationships and ensuring suppliers deliver measurable business value, operational performance, and contractual outcomes aligned to University objectives. The Technology Vendor Manager will collaborate with business partners across multiple functional areas to support the vendor technology strategy across the organization.
Responsibilities
Vendor Governance & Strategy
  • Lead strategic oversight and performance governance of enterprise IT vendors, ensuring alignment with business objectives
  • Serve as the primary interface between vendor leadership, IT service owners, and stakeholders

Performance & Service Delivery
  • Define and monitor vendor performance expectations and KPIs
  • Drive accountability, service improvement, and cross-functional remediation of performance gaps
  • Ensure vendor delivery supports reliability, user experience, and business continuity objectives

Risk, Compliance & Contracts
  • Assess and manage vendor cyber operational, financial, and reputational risk
  • Enforce contractual obligations and ensure alignment between delivery execution and agreed terms

Insights, Reporting & Financial Oversight
  • Develop and maintain dashboards/scorecards to track performance and inform decisions
  • Translate analytics into actionable insights; identify systemic risks, root causes and improvement opportunities
  • Partner with Finance and Procurement to manage vendor financial performance and discipline

Stakeholder Engagement
  • Lead vendor business reviews and maintain strong cross-functional partnerships
  • Collaborate with business partners to support vendor technology strategy across the organization

Qualifications
  • 7+ years of experience in vendor management, outsourcing governance, IT service management, or related professional work experience.
  • Working knowledge of commercial agreements and contractual governance.
  • Experience with structured renewal processes to align strategy and cost-saving goals.
  • Strong financial acumen including cost analysis and value tracking.
  • Excellent communication, negotiation, and influence skills
  • Education: Bachelor's Degree in business, technology, supply chain, or related field

Preferred:
  • Experience with data visualization tools like Tableau or Power BI
  • Advanced degree

Princeton University is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity or expression, national origin, disability status, protected veteran status, or any other characteristic protected by law.
The University considers factors such as (but not limited to) scope and responsibilities of the position, candidate's qualifications, work experience, education/training, key skills, market, collective bargaining agreements as applicable, and organizational considerations when extending an offer. The posted salary range represents the University's good faith and reasonable estimate for a full-time position; salaries for part-time positions are pro-rated accordingly.
If the salary range on the posted position shows an hourly rate, this is the baseline; the actual hourly rate may be higher, depending on the position and factors listed above.
The University also offers a comprehensive benefit program to eligible employees. Please see this link for more information.
Standard Weekly Hours
36.25
Eligible for Overtime
No
Benefits Eligible
Yes
Probationary Period
180 days
Essential Services Personnel (see policy for detail)
No
Physical Capacity Exam Required
No
Valid Driver's License Required
No
Experience Level
Mid-Senior Level
#LI-JJ1
Salary Range
$130,000 to $144,000

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