Nearing the top of the pay scale are Merchandising Managers, Retail Store Managers, Assistant Store Managers, and Product Managers; while the first receives the highest median pay at about $81K annually, the other salaries come in at approximately $64K, $52K, and $49K, respectively. Near the bottom at Victoria's Secret are Category Managers, pulling in an average of just around $40K.
When it comes to location, the highest average paycheck ($80K per year) can be spotted in New York, N.Y.; Columbus, Ohio (about $77K), Los Angeles, Calif. ($64K), and Charlotte, N.C. ($59K) are the next top-paying cities. Kansas City, Mo. is one of the lowest-paid cities, with earnings averaging around $41K. Across its U.S. offices, the state of New York pays Victoria's Secret the most — approximately $75K annually on average.
Years of Experience
Those with one to four years of experience at the company can expect to make $44K per year on average. For those who claim five to nine years of work experience, pay on average amounts to $61K annually. Overall, the greater share of Victoria's Secret folks have 10-19 years of experience and earn an average about $63K per year.
Certifications and Degrees
Business Certificate Holders receive bigger paychecks (around $65K annually) than those without credentials. Victoria's Secret provides the highest financial reward to those with a Bachelor's Degree — these employees rake in approximately $54K per year.
Employees who count Customer Relationship Management among their skills enjoy higher pay; the median for this group is $64K annually. One of the more prevalent skills at Victoria's Secret is Customer Service, with more than a third considering it a key competency. Sales Management, Merchandising, and People Management were also reported by many survey participants.
Women make up the majority of employees who completed the questionnaire for a female-to-male ratio of more than 3 to 1.
Benefits and Perks
As part of compensation, Victoria's Secret gives paid vacation to 30 percent and paid sick leave to one in seven workers. A large number of employees contribute to 401(k) savings accounts sponsored by the firm. Health insurance is part of the package for the larger part of respondents, and for the larger part of survey participants, dental coverage is too. The company also dishes out perks such as life insurance, a casual working environment, a stock purchase plan, and stock options.