Retail Manager Salary

It's impossible to make it big as a Retail Managers in the United States; the average employee scrapes together only around $43K per year. Overall cash earnings of Retail Managers stretch from $25K to $62K; the final number can encompass up to $10K each from bonuses and profit sharing, with some enjoying commissions of almost $12K. The particular firm is the main element affecting pay for this group — the particular city and tenure are driving factors as well. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 58 percent. The majority of workers are highly satisfied with their job. Although just under a third lack health benefits of any kind, the larger part do enjoy medical insurance, and more than half get dental coverage, too. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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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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Many Retail Managers move into an Office Manager role, which does not lead to a big boost in pay. Office Managers on average bring in a similar salary to Retail Managers.

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. Other big spenders include Wal-Mart Stores, Inc, CVS / Pharmacy, and Target Corporation, top-paying firms where Retail Managers see paychecks nearing $54K, $52K, or $50K.

Employees at Dollar General Corporation, LensCrafters Inc., and Walgreen Co. can also expect below-average earnings of $35K, $37K, and $38K.

Popular Skills for Retail Manager


Retail Managers seem to exploit a large range of skills on the job. 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. Most people skilled in Customer Service are similarly competent in 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. 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. People with 10 to 20 years of experience make an average of about $44K in this role. Retail Managers who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $49K on average.

Pay Difference by Location

National Average: $39,652

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

Surpassing the national average by 36 percent, Retail Managers in New York receive some of the highest pay in the country. Retail Managers will also find cushy salaries in Boston (+29 percent), San Francisco (+28 percent), Houston (+26 percent), and San Diego (+25 percent). Falling short of the national average by 9 percent, the area with the worst salaries is Denver.

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
$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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