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 $42K per year. Cash earnings for Retail Managers — which occasionally include more than $9K from bonuses and more than $10K from profit sharing — stretch from around $25K to approximately $61K. The particular firm is the main element affecting pay for this group — the particular city and experience level are driving factors as well. Job satisfaction is high and work is enjoyable for most Retail Managers. Women make up a slight majority of Retail Managers (58 percent) survey respondents. Just under one in three of professionals in this line of work do not receive benefits; however, a majority report medical coverage and the greater part claim dental coverage as well. This overview is based on answers to PayScale's salary questionnaire.
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$29,305 - $61,457
(Median)
$29K
$42K
$61K
MEDIAN: $41,580
10%
50%
90%

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$9.86 - $20.48
(Median)
$9
$14
$20
MEDIAN: $14.00
10%
50%
90%

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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
$29,305 - $61,457  
   
Bonus
$0.00 - $9,127  
Profit Sharing
$100.22 - $9,978  
Commission
$0.00 - $11,449  
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).
)
$24,760 - $61,468  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 1,697
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 - $20.48  
   
Hourly Tips
$0.00 - $9.79  
Overtime
$10.31 - $33.00  
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 - $9,127  
   
Commission
$0.00 - $11,449  
Profit Sharing
$100.22 - $9,978  
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).
)
$24,760 - $61,468  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 890
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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


Retail Managers fill the offices of leading firms Target Corporation, Wal-Mart Stores, Inc, Dollar General Corporation, Victoria's Secret, and Bed Bath & Beyond Inc. The biggest paychecks can be found at Best Buy — the median salary there is $63K; however, employees are subject to a wide range in pay, with the lowest salaries sitting near $42K and highest ones in the neighborhood of $104K. Other employers shelling out big bucks include Wal-Mart Stores, Inc, Target Corporation, and Macy's, Inc., where Retail Managers typically earn around $56K, $49K, or $49K, respectively.

Also approaching the lower end are Dollar General Corporation at $36K, Walgreen Co. at $36K, and LensCrafters Inc. at $37K.

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 Team Leadership are correlated to pay that is above average, with boosts between 6 percent and 11 percent. Those proficient in Customer Service are, more often than not, also skilled 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. During the first five years of their careers, Retail Managers see a median income of $35K. Survey respondents with five to 10 years of experience report an only modestly higher median of $39K. On average, Retail Managers make $43K following one to two decades on the job. As Retail Managers reach more than two decades on the job, compensation remains commensurate with experience; the average pay in this group is $49K.

Pay Difference by Location


Home to some of the best pay for Retail Managers, Miami offers exceptional salaries, 43 percent above the national average. Retail Managers will also find cushy salaries in New York (+33 percent), Boston (+29 percent), Houston (+28 percent), and San Diego (+23 percent). The lowest-paying market is Seattle, which sits 3 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.

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Experience Affects Retail Manager Salaries



National Average
$39,000



Skills That Affect Retail Manager Salaries




Windows NT / 2000 / XP Networking
up arrow 6%



Microsoft Excel
up arrow 3%

Windows Operating System General Use
up arrow 3%

Training
up arrow 2%

Microsoft Office
up arrow 1%

Merchandising
0%

Customer Relationship Management (CRM)
0%

National Average
$39,000

Inventory Management
up arrow 1%

Customer Service
up arrow 2%

Sales
up arrow 2%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 466 votes.

Gender

Female
58 %
Male
42 %

Years of Experience

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

Common Health Benefits

medical benefits Medical: 70% dental benefits Dental: 59%
vision benefits Vision: 47% employee benefits None: 28%
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