Retail Manager Salary

The average Retail Manager in the United States earns approximately $44K per year. Total cash compensation for Retail Managers runs from $25K to $63K depending on bonuses that can occasionally exceed $10K and profit sharing that can reach almost $5K. This group's pay is mainly influenced by the particular firm, followed by the particular city and tenure. One-third of professionals in this line of work do not receive benefits; however, the greater part report medical coverage and slightly more than half claim dental coverage as well. Most workers in this position report high levels of job satisfaction. This snapshot results from replies to PayScale's salary survey.
Read More
$29,965 - $63,683
$30K
$44K
$64K
MEDIAN: $44,338
10%
50%
90%

Add this chart to your site: 640px    300px

$10.17 - $22.11
$10
$15
$22
MEDIAN: $15.05
10%
50%
90%

Add this chart to your site: 640px    300px

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
$29,965 - $63,683  
   
Bonus
$478.63 - $9,833  
Profit Sharing
$387.83 - $5,098  
Commission
$0.00 - $14,720  
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).
)
$25,099 - $62,620  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 1,198
© PayScale, Inc. @ www.payscale.com
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
$10.17 - $22.11  
   
Hourly Tips
$0.16 - $5.32  
Overtime
$14.95 - $33.66  
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
$478.63 - $9,833  
   
Commission
$0.00 - $14,720  
Profit Sharing
$387.83 - $5,098  
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).
)
$25,099 - $62,620  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 787
© PayScale, Inc. @ www.payscale.com

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

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.

Read More...

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


Add this chart to your site:   640px 640px    300px 300px


For Retail Managers, career advancements do not tend to correlate with a rise in salary. On average, lower-level Retail Managers earn similar salaries to those in higher-end positions like Office Manager.

Retail Store Manager Job Listings

Search for more jobs:

Popular Employer Salaries for Retail Manager


Retail Managers fill the offices of leading firms Wal-Mart Stores, Inc, Target Corporation, Dollar Tree Stores Inc, Dollar General Corporation, and Best Buy. The biggest paychecks can be found at CVS / Pharmacy — the median salary there is $65K. Other big spenders include Best Buy, Cracker Barrel Old Country Store, and Macy's, Inc., top-paying firms where Retail Managers see paychecks nearing $62K, $52K, or $51K.

The lowest pay by far can be found at Dollar General Corporation — this employer offers a median salary of $37K, 75 percent lower than the top payer. Nike, Inc., Ace Hardware Store, and Lowe's Home Improvement Inc. also scrape the bottom of the pay scale, with median earnings hovering around $38K, $38K, and $40K.

Popular Skills for Retail Manager


Retail Managers seem to require a rather large skill set. Most notably, skills in People Management, Operations Management, Sales Management, and Team Leadership are correlated to pay that is above average. Skills that seem to negatively impact pay include Microsoft Word, Microsoft Office, and Microsoft Excel. Most people familiar with Customer Service also know 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.


For Retail Managers, more experience in the field does not usually mean bigger paychecks. The average beginner in this position makes around $34K, but folks who have been around for five to 10 years see a markedly higher median salary of $39K. Retail Managers with one to two decades of relevant experience report an average salary of approximately $45K. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $50K on average.

Pay Difference by Location

National Average: $40,605

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

Retail Managers will find that Boston offers an impressive pay rate, one which exceeds the national average by 33 percent. Retail Managers will also find cushy salaries in New York (+22 percent), San Diego (+20 percent), Portland (+13 percent), and Las Vegas (+12 percent). The lowest-paying market is Denver, which sits 14 percent below 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.

Related Job Salaries

Key Stats for Retail Manager

Gender

Female
60 %
Male
40 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 277 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

▲23%

▲10%

National Average
$41,000

▼3%

▼17%

Skills That Affect Retail Manager Salaries

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 277 votes.

Gender

Female
60 %
Male
40 %

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: 33%
ADVERTISEMENT