Retail Manager Salary

Median pay for Retail Managers in the United States is around $45K per year. Cash earnings of Retail Managers — including $10K in bonuses, $5K in profit sharing proceeds, and $14K in commissions near the top of the pay scale — stretch from approximately $25K to approximately $64K depending on individual performance. The most important factor affecting compensation for this group is the specific employer, followed by the particular city and experience level. Job satisfaction is high and work is enjoyable for most Retail Managers. Some workers in this field — nearly one-third — are not awarded benefits. Medical coverage is reported by more than half and dental plans are enjoyed by a little over a half. There are more female Retail Managers who answered the questionnaire than male, making up 60 percent. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$30,069 - $64,643
$30K
$45K
$65K
MEDIAN: $44,754
10%
50%
90%

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$10.33 - $22.37
$10
$15
$22
MEDIAN: $15.18
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
$30,069 - $64,643  
   
Bonus
$414.04 - $9,846  
Profit Sharing
$200.00 - $5,106  
Commission
$0.00 - $14,047  
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).
)
$25,330 - $63,516  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 1,240
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
$10.33 - $22.37  
   
Hourly Tips
$0.31 - $5.29  
Overtime
$14.88 - $34.65  
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
$414.04 - $9,846  
   
Commission
$0.00 - $14,047  
Profit Sharing
$200.00 - $5,106  
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).
)
$25,330 - $63,516  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 810

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. CVS / Pharmacy attracts talent by shelling out the biggest paychecks in the area — the median in that office is $65K. Other leaders in compensation levels are Best Buy at $62K, Cracker Barrel Old Country Store at $52K, and Macy's, Inc., where Retail Managers annually earn $51K.

Considering that the median salary at Dollar General Corporation is a shallow $37K, it is not surprising that this employer ranks last in compensation relative to (and far behind) other companies in the same line of work — their median pay is 75 percent lower than the top payer. Nike, Inc., Ace Hardware Store and Lowe's Home Improvement Inc. are three other employers with a reputation for below-average pay, showing salaries around $38K, $38K, and $40K.

Popular Skills for Retail Manager


Survey results imply that Retail Managers deploy a deep pool 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, Microsoft Office, and Microsoft Excel. It is often found that people who know Customer Service are also skilled in Merchandising, Sales Management, and Operations Management.

Pay by Experience Level for Retail Manager

Pay by Experience for a Retail Manager has a positive trend. An entry-level Retail Manager with less than 5 years of experience can expect to earn an average total compensation of $34,000 based on 677 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Retail Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $39,000 based on 686 salaries. An experienced Retail Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $45,000 based on 739 salaries. A Retail Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $50,000 based on 364 salaries.

Pay Difference by Location

National Average: $41,018

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

With a pay rate for Retail Managers that is 31 percent greater than the national average, Boston offers a comfortable salary for those in this profession. Retail Managers will also find cushy salaries in New York (+20 percent), San Diego (+19 percent), Portland (+12 percent), and Las Vegas (+10 percent). Falling short of the national average by 15 percent, the area with the worst salaries is Denver. Employers pay around 4 percent less in Houston and 1 percent less in St. Louis, below-median salaries for those in this field.

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.

Related Job Salaries

Key Stats for Retail Manager

Gender

Female
60 %
Male
40 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 311 votes.
Less than 1 year
1%
1-4 years
25%
5-9 years
24%
10-19 years
32%
20 years or more
18%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Retail Manager Salaries

▲22%

▲9%

National Average
$41,000

▼4%

▼18%

Skills That Affect Retail Manager Salaries

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 311 votes.

Gender

Female
60 %
Male
40 %

Years of Experience

Less than 1 year
1%
1-4 years
25%
5-9 years
24%
10-19 years
32%
20 years or more
18%

Common Health Benefits

medical benefits
Medical: 67%
dental benefits
Dental: 55%
vision benefits
Vision: 49%
no benefits
None: 32%
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