Earnings for Retail Managers in the United States come in at around $44K per year on average. Bonuses, profit sharing, and commission all factor into final incomes for Retail Managers. Ranging between $25K near the bottom and $62K near the top, total earnings can include up to $10K from bonuses and up to $5K from profit sharing, with a high-performing minority reaping commissions of $15K. Compensation for this group is mainly affected by the company, but the particular city and tenure are influential factors as well. Although approximately one in three lack health benefits of any kind, the larger part do enjoy medical insurance, and just over a half get dental coverage, too. For the most part, Retail Managers enjoy their work and report high levels of job satisfaction. The data in this summary comes from the PayScale salary survey.
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$30,028 - $63,558
$30K
$44K
$64K
MEDIAN: $44,130
10%
50%
90%

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$10.17 - $21.82
$10
$15
$22
MEDIAN: $15.00
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$22K$44K$66K
Salary
$30,028 - $63,558  
   
Bonus
$398.93 - $9,834  
Profit Sharing
$391.49 - $5,190  
Commission
$0.00 - $14,643  
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).
)
$25,232 - $62,265  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 1,266
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$11$22$33
Hourly Rate
$10.17 - $21.82  
   
Hourly Tips
$0.16 - $5.36  
Overtime
$14.99 - $32.87  
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$22K$44K$66K
Bonus
$398.93 - $9,834  
   
Commission
$0.00 - $14,643  
Profit Sharing
$391.49 - $5,190  
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).
)
$25,232 - $62,265  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 812

Find Out Exactly What You Should Be Paid

United States (change)

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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

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

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 $39K 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 Tree Stores Inc, Dollar General Corporation, and Best Buy are leading firms in the industry. The biggest paychecks can be found at Best Buy — the median salary there is $62K; however, employees are subject to a wide range in pay, with the lowest salaries sitting near $42K and highest ones in the neighborhood of $105K. Cracker Barrel Old Country Store, Macy's, Inc., and Bed Bath & Beyond Inc also offer top salaries for Retail Managers. Workers at these firms can expect to earn about $52K, $51K, and $51K, respectively.

Workers also receive paychecks lighter than average at Ace Hardware Store ($38K), Dollar General Corporation ($39K), and Lowe's Home Improvement Inc. ($40K).

Popular Skills for Retail Manager


Retail Managers report using a large range of skills on the job. Most notably, skills in People Management, Operations Management, Sales Management, and Team Leadership are correlated to pay that is above average. At the other end of the pay range are skills like Microsoft Word, Customer Service, and Microsoft Office. Most people skilled in Customer Service are similarly competent in Merchandising, 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 a lot of experience do not necessarily enjoy more money. Respondents with less than five years' experience take home $34K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $39K. Retail Managers who work for 10 to 20 years in their occupation tend to earn about $44K. After two decades in the workforce, the average Retail Manager generally earns more than ever; median pay for this group is estimated at $50K.

Pay Difference by Location

National Average: $40,437

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

For Retail Managers, busy Boston offers a higher-than-average pay rate, 34 percent above the national average. Retail Managers will also find cushy salaries in New York (+23 percent), San Diego (+22 percent), Orlando (+13 percent), and Austin (+13 percent). Denver is the lowest-paying area, 12 percent south of the national average.

Retail Manager Reviews

Q: 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

Key Stats for Retail Manager

Gender

Female
59 %
Male
41 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 278 votes.
Less than 1 year
1%
1-4 years
25%
5-9 years
25%
10-19 years
31%
20 years or more
18%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Retail Manager Salaries



National Average
$40,000



Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 278 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

Less than 1 year
1%
1-4 years
25%
5-9 years
25%
10-19 years
31%
20 years or more
18%

Common Health Benefits

medical benefits
Medical: 66%
dental benefits
Dental: 54%
vision benefits
Vision: 47%
dental benefits
None: 32%
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