Retail Manager Salary

Retail Managers in the United States can expect only a modest salary, with average pay of just $42K per year. The range in cash compensation to Retail Managers (largely between $25K and $61K) includes potential earnings of $9K from bonuses, $10K from profit sharing, and commissions of $11K in exceptional cases. The specific employer is the main element affecting pay for this group — the particular city and years of experience are driving factors as well. Women Retail Managers who took the survey just slightly outnumber men. Not all workers are lucky enough to have benefits; in fact, just under a third are without coverage. Medical insurance is claimed by the larger part and dental insurance is reported by the greater part. Most Retail Managers report high levels of job satisfaction. The data in this summary comes from the PayScale salary survey.
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$29,378 - $61,398

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$9.86 - $20.48

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$21K$42K$63K
Salary
$29,378 - $61,398  
   
Bonus
$0.00 - $9,166  
Profit Sharing
$99.78 - $10,022  
Commission
$0.00 - $11,234  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$24,790 - $61,446  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 1,720
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$12$24$36
Hourly Rate
$9.86 - $20.48  
   
Hourly Tips
$0.00 - $9.70  
Overtime
$10.43 - $33.11  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$24K$48K$72K
Bonus
$0.00 - $9,166  
   
Commission
$0.00 - $11,234  
Profit Sharing
$99.78 - $10,022  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$24,790 - $61,446  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 897
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Job Description for Retail Manager

Retail managers are in charge of overseeing the operation of a retail store, including hiring and firing store employees, overseeing inventory, and managing customer service. The responsibilities of a retail manger vary depending on the size of the store. Many times, managers in small stores have a wider range of responsibilities than managers in larger ones. Managers of small stores typically control inventory and set prices; in some cases, they are in charge of deciding when inventory goes on sale. Large retail shops usually have computers track their inventory and do not have much control on pricing or sales; in these cases, it is the manager’s responsibility to ensure that the inventory is priced correctly.

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Retail Manager Tasks

  • Develop rapport and make connections with the retail team and customers.
  • Set and track retail goals and objectives.
  • Manage overall day to day operations of the store, including hiring, reviewing, and employee scheduling.
  • Assist in planning annual or specific budgets.

Common Career Paths for Retail Manager


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Retail Managers' salary tends to stay somewhat level for those who assume higher-end positions like Office Manager. Median pay for Office Managers is $38K.

Retail Store Manager Job Listings

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Popular Employer Salaries for Retail Manager


Leading companies who hire large numbers of Retail Managers include Target Corporation, Wal-Mart Stores, Inc, Dollar General Corporation, Bed Bath & Beyond Inc, and Sodexo, Inc. For Retail Managers, comfortable salaries can be found at Best Buy; in fact, average earnings are around $62K, the highest in the area, though the difference in the company's lowest and highest employee paychecks ($42K versus $105K) is great. Retail Managers can also look forward to large paychecks at Wal-Mart Stores, Inc ($55K), Macy's, Inc. ($49K), and Target Corporation ($49K).

Workers at Dollar General Corporation, Walgreen Co., and LensCrafters Inc. also face smaller salaries than the rest of the field — average earnings for these employers come to $36K, $36K, and $37K respectively.

Popular Skills for Retail Manager


Retail Managers report using a deep pool of skills on the job. Most notably, skills in Operations Management, Microsoft Word, Windows NT / 2000 / XP Networking, and Team Leadership are correlated to pay that is above average, with boosts between 6 percent and 11 percent. Most people experienced in Customer Service also know Inventory Management, Sales Management, and Operations Management.

Pay by Experience Level for Retail Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For Retail Managers, more experience in the field does not usually mean bigger paychecks. Relatively untried employees who have fewer than five years of experience earn around $35K on average. People who have worked for five to 10 years can expect a higher median salary of $39K. People with 10 to 20 years of experience make an average of about $43K in this role. Veterans who have worked for more than two decades do tend to make the most in the end; the median pay for this group is $49K.

Pay Difference by Location


Miami offers some of the highest pay in the country for Retail Managers, 45 percent above the national average. Retail Managers will also find cushy salaries in New York (+35 percent), Boston (+29 percent), Houston (+28 percent), and San Diego (+23 percent). Seattle is home to the smallest salaries in the field, lagging the national average by 6 percent.

Retail Manager Reviews

What is it like working as a Retail Manager?

Retail Manager in Berkeley:
"Fun place; low traffic."
Pros: Fun place to work with good coworkers and relaxed environment. A lot of freedom to make the store what you want it to be and let your sales creativity flow.
Cons: Wish there had been a little more training before entering the position--kind of did it blindly and had to feel my way around, since there was no one else who knew the position in depth. Currently not paid near even the low end of Retail Management spectrum.

Retail Manager in Albuquerque:
"Fun."
Pros: I enjoy being able to talk to people and selling all day.
Cons: I am over worked, don't get any breaks even though I work 12 hours a day, I never get extra days off in the year.

Retail Manager in Tulsa:
Pros: Freedom of expression in all forms, an appreciative and supportive boss, autonomy, store discounts, flexible days off, friendly coworkers.
Cons: Rude customers, short-handedness, stress of being the only one able to complete tasks, can't afford to live comfortably without working more than forty hours, cleaning up after boss, working with a less committed coworker.

Retail Manager in Buffalo:
"A Poor Career Choice."
Pros: Customer interaction.
Cons: I am underpaid, talked poorly to and under appreciated. My education is not being utilized.

Related Job Salaries

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Experience Affects Retail Manager Salaries



National Average
$39,000



Skills That Affect Retail Manager Salaries




Windows NT / 2000 / XP Networking
up arrow 6%



Training
up arrow 2%

Microsoft Excel
up arrow 2%

Windows Operating System General Use
up arrow 2%

Merchandising
0%

Customer Relationship Management (CRM)
0%

Microsoft Office
0%

National Average
$39,000

Inventory Management
up arrow 1%

Customer Service
up arrow 2%

Sales
up arrow 3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 463 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

Less than 1 year
1%
1-4 years
27%
5-9 years
27%
10-19 years
28%
20 years or more
17%

Common Health Benefits

medical benefits Medical: 70% dental benefits Dental: 59%
vision benefits Vision: 47% employee benefits None: 28%
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