The highest paychecks go to Merchandising Managers, who earn an average $81K per year, closely trailed by Associate Merchants ($68K), Retail Store Managers (around $64K), and Assistant Store Managers (about $52K). 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 ($80K annually) can be spotted in New York, N.Y.; Columbus, Ohio (approximately $77K), Los Angeles, Calif. (around $64K), and Denver, Colo. ($60K) are the next top-paying cities. Those interested in increasing earning potential should avoid the city of Dallas, Texas — at $56K, salaries are some of the lowest in the country. The highest pay by state can be found in New York, where salaries average out at about $75K per year.
Years of Experience
Those with one to four years of experience at the company can expect to make $44K annually on average. Those who have five to nine years of work experience see average salaries of approximately $61K per year. The greater proportion of employees (37 percent) report 10-19 years of experience and bring home median pay of $64K annually.
Certifications and Degrees
Business Certificate Holders earn about $65K per year, far more than their non-accredited counterparts. At Victoria's Secret, employees who hold a Bachelor's Degree receive the highest salaries at $54K.
When it comes to skills, employees who report Customer Relationship Management among their abilities seem to make the most, reporting a median income of $64K annually. Customer Service is regularly seen around here; over a third of those surveyed report it as a core competency. Some other standard skills here are 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
The benefits packages at Victoria's Secret can sometimes lack paid time off; a third of employees get paid vacation days, and one in seven respondents receive paid sick leave. To plan for old age, most employees maintain savings accounts through the company's 401(k) plan. Health insurance is part of the package for a majority of employees, and for a majority of workers, dental coverage is too. Other privileges include life insurance, a casual working environment, stock options, and a stock purchase plan.