Merchandising Managers represent the higher end of the earnings spectrum — in fact, median pay for this job is the highest at $81K per year — though Retail Store Managers, Brand Managers, and Assistant Store Managers also do fairly well at $64K, around $59K, and $52K, respectively. Near the bottom at Victoria's Secret are Category Managers, pulling in an average of just approximately $40K.
When it comes to location, the highest average paycheck (about $88K annually) can be spotted in San Diego, Calif.; New York, N.Y. (approximately $75K), Columbus, Ohio ($72K), and Los Angeles, Calif. ($64K) are the next top-paying cities. Denver, Colo. is one of the lowest-paid cities, with earnings averaging around $51K. Within the company, workers earn the highest salaries (an average of $71K per year) in New York.
Years of Experience
For those with five to nine years of experience, average earnings amount to about $60K annually. Between the one and five year mark, median pay is $43K per year. The largest slice of the Victoria's Secret workforce (37 percent) has been working for 10-19 years and earns, on average, about $62K annually.
Certifications and Degrees
Salaries approach approximately $65K per year for Business Certificate Holders; non-accredited workers make much less. Victoria's Secret provides the highest financial reward to those with a Bachelor's Degree — these employees rake in around $53K annually.
In this role, the best-paying skill appears to be Customer Relationship Management; individuals who claim it among their capabilities enjoy a higher median salary of $63K per year. Customer Service is considered a run-of-the-mill skill; over a third of Victoria's Secret's people use it regularly. Employees also tend to round out their skills sets with Sales Management, Merchandising, and People Management.
With a more than 3 to 1 female-to-male ratio, women represent the better half of Victoria's Secret's employees who responded to the survey.
Benefits and Perks
Paid time off is in short supply here, with only 36 percent receiving paid vacation and a sixth of workers receiving paid sick days. Most workers contribute to 401(k) savings accounts sponsored by the firm. At Victoria's Secret, a majority of respondents have health insurance, and the larger part of respondents have dental coverage. The company also dishes out perks such as life insurance, a stock purchase plan, a casual working environment, and flexible hours.