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Retail Manager Salary

Retail Managers in the United States may have to scrimp and save; the median compensation is $41K per year. The final incomes of Retail Managers generally vary between $25K and $61K; higher pay grades include potential for bonuses, profit sharing, and commissions as high as $8K, $10K, and $10K, respectively. The company is the main element affecting pay for this group — experience level and location are driving factors as well. Job satisfaction for Retail Managers is high. Although a fair number have medical coverage and the larger part have dental coverage, approximately one-fourth claim no health benefits at all. Women Retail Managers who took the survey just slightly outnumber men. The information for this snapshot was generated by responses to the PayScale salary survey.
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$29,210 - $61,377
(Median)
$29K
$41K
$61K
MEDIAN: $41,470
10%
50%
90%

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$9.86 - $20.17
(Median)
$9
$14
$20
MEDIAN: $14.00
10%
50%
90%

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Show Annual Salary Show Hourly Rate
National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$21K$42K$63K
Salary
$29,210 - $61,377  
   
Bonus
$0.00 - $8,182  
Profit Sharing
$99.33 - $10,067  
Commission
$0.00 - $10,256  
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).
)
$24,614 - $61,453  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 1,483
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$11$22$33
Hourly Rate
$9.86 - $20.17  
   
Hourly Tips
$0.55 - $5.62  
Overtime
$10.17 - $32.37  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$22K$44K$66K
Bonus
$0.00 - $8,182  
   
Commission
$0.00 - $10,256  
Profit Sharing
$99.33 - $10,067  
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).
)
$24,614 - $61,453  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 761
United States (change)

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 may not always see an increase in earnings as they climb the career ladder. For example, top-notch roles like Office Manager offer money in line with Retail Managers.

Retail Store Manager Job Listings

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Popular Employer Salaries for Retail Manager


Target Corporation, Wal-Mart Stores, Inc, Best Buy, Sodexo, Inc., and Bed Bath & Beyond Inc are all popular places to work. Retail Managers flock to Best Buy for generous paychecks, where average earnings of $63K lead the pack in compensation; however, Best Buy also provides employees with a wide spectrum of compensation ranging from $42K at one end to $104K at the other end. Wal-Mart Stores, Inc, Rite Aid Pharmacy, and Academy Sports + Outdoors also offer top salaries for Retail Managers. Workers at these firms can expect to earn about $58K, $52K, and $52K, respectively.

Other low-paying employers include Nike, Inc. at $38K and Bed Bath & Beyond Inc at $40K, though some Retail Managers there earn up to $64K.

Popular Skills for Retail Manager


Retail Managers seem to wield many skills on the job. Most notably, skills in Operations Management, Microsoft Word, Windows NT / 2000 / XP Networking, and People Management are correlated to pay that is above average, with boosts between 11 percent and 14 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.


More years of relevant experience do not necessarily translate to higher paychecks. During their first five years in the workforce, individuals in this position earn $34K on average. Survey participants with five to 10 years under their belts see an only a slightly bigger average of $38K. On average, Retail Managers make $43K following one to two decades on the job. After two decades in the workforce, the average Retail Manager generally earns more than ever; median pay for this group is estimated at $49K.

Pay Difference by Location


For Retail Managers, busy New York offers a higher-than-average pay rate, 32 percent above the national average. Retail Managers will also find cushy salaries in San Francisco (+31 percent), Houston (+24 percent), Cincinnati (+22 percent), and Boston (+22 percent). Seattle ranks last in the field for pay, reporting salaries 5 percent below the national average.

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

Experience Affects Retail Manager Salaries



National Average
$39,000



Skills That Affect Retail Manager Salaries



Windows NT / 2000 / XP Networking
up arrow 11%






Training
up arrow 3%

Customer Relationship Management (CRM)
up arrow 1%

Microsoft Office
up arrow 1%

Merchandising
0%

National Average
$39,000

Customer Service
up arrow 1%

Inventory Management
up arrow 1%

Sales
up arrow 3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 457 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

Less than 1 year
1%
1-4 years
27%
5-9 years
28%
10-19 years
28%
20 years or more
16%

Common Health Benefits

medical benefits Medical: 71% dental benefits Dental: 61%
vision benefits Vision: 47% employee benefits None: 27%