A thermal management system for a vehicle includes a high-temperature side pump that draws and discharges a heat medium, a compressor that draws and discharges a refrigerant in a refrigeration cycle, a high-pressure side heat exchanger that exchanges heat between a high-pressure side refrigerant in the refrigeration cycle and the heat medium circulated by the high-temperature side pump, a heat medium-outside air heat exchanger that exchanges heat between the heat medium circulated by the high-temperature side pump and outside air, and a pump control unit that controls an operation of the high-temperature side pump such that the operation of the high-temperature side pump is continued even after the compressor is stopped. Thus, the cycle efficiency exhibited when restarting the compressor can be improved.