Retail Manager Salary

Those pursuing careers as Retail Managers in the United States may have to make do with less; average incomes for people in this area hover around only $43K annually. Total cash compensation for Retail Managers runs from around $25K to approximately $62K, including potential for up to $10K each from bonuses and profit sharing, with a few receiving commissions as high as $12K. Compensation for this group is mainly affected by the particular firm, but geography and tenure are influential factors as well. While slightly less than a third report receiving no health benefits, the larger part do receive medical coverage, and a majority have dental, as well. Job satisfaction for Retail Managers is high. Women make up a slight majority of Retail Managers (58 percent) survey respondents. The numbers in this rundown were provided by PayScale's salary survey participants.
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$29,544 - $61,912
(Median)
$30K
$43K
$62K
MEDIAN: $42,513
10%
50%
90%

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$9.98 - $21.14
(Median)
$10
$15
$21
MEDIAN: $14.00
10%
50%
90%

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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
$29,544 - $61,912  
   
Bonus
$0.00 - $9,641  
Profit Sharing
$97.59 - $10,000  
Commission
$0.00 - $11,980  
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).
)
$25,104 - $61,966  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 2,006
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
$9.98 - $21.14  
   
Hourly Tips
$0.16 - $5.79  
Overtime
$12.33 - $33.47  
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 - $9,641  
   
Commission
$0.00 - $11,980  
Profit Sharing
$97.59 - $10,000  
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).
)
$25,104 - $61,966  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 1,057
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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 who transition into an upper level Office Manager position will not necessarily make much more than they do in their current role. The average Office Manager makes $38K a year.

Retail Store Manager Job Listings

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Popular Employer Salaries for Retail Manager


Known for taking on a considerable number of Retail Managers, Wal-Mart Stores, Inc, Target Corporation, Dollar General Corporation, Victoria's Secret, and Bed Bath & Beyond Inc are leading firms in the industry. Best Buy does shell out the biggest paychecks — the median in that office is $62K — but the company pay scale is greatly mixed, meaning that workers on the low end may earn only $42K while workers on the upper end may rake in up to $105K. Also paying near the top of the field are Wal-Mart Stores, Inc at $54K, CVS / Pharmacy at $52K, and Target Corporation, where Retail Managers annually earn $50K.

Also approaching the lower end are Dollar General Corporation at $35K, LensCrafters Inc. at $37K, and Walgreen Co. at $38K.

Popular Skills for Retail Manager


Survey results imply that Retail Managers deploy a substantial tool kit of skills at work. Most notably, skills in Operations Management, Microsoft Word, People Management, and Windows NT / 2000 / XP Networking are correlated to pay that is above average, with boosts between 5 percent and 8 percent. The majority of those who know 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.


Retail Managers with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. The average worker who claims fewer than five years of experience earns around $35K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $39K. Retail Managers claiming one to two decades of experience make an estimated median of $44K. Retail Managers with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $49K.

Pay Difference by Location

National Average: $39,652

Larger city markers indicate a job is popular in that location.

With a pay rate for Retail Managers that is 36 percent greater than the national average, New York offers a comfortable salary for those in this profession. Retail Managers can also look forward to large paychecks in cities like Boston (+29 percent), San Francisco (+28 percent), Houston (+26 percent), and San Diego (+25 percent). With compensation 9 percent below the national average, Denver is not known for hefty paychecks and actually represents the lowest-paying market.

Retail Manager Reviews

What is it like working as a Retail Manager at Macy's, Inc.?

Retail Manager in New York:
"Work life balance."
Pros: Very team oriented and fast paced environment You learn a lot in a short amount of time.
Cons: The lack of training you have to learn things yourself most of the time.

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
$40,000



Skills That Affect Retail Manager Salaries





Sales Management
up arrow 4%

Team Leadership
up arrow 4%

Microsoft Excel
up arrow 2%

Training
0%

National Average
$40,000

Merchandising
up arrow 1%

Inventory Management
up arrow 1%

Customer Relationship Management (CRM)
up arrow 1%

Microsoft Office
up arrow 1%

Windows Operating System General Use
up arrow 1%

Customer Service
up arrow 3%

Sales
up arrow 3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 505 votes.

Gender

Female
58 %
Male
42 %

Years of Experience

Less than 1 year
1%
1-4 years
26%
5-9 years
27%
10-19 years
28%
20 years or more
17%

Common Health Benefits

medical benefits
Medical: 70%
dental benefits
Dental: 58%
medical benefits
Vision: 47%
dental benefits
None: 29%
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