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Retail Manager Salary

Retail Managers in the United States are not likely to strike it rich; they only make around $41K per year on average. In the world of Retail Managers, total cash compensation ranges from $25K on the lower end to $61K on the higher end; this includes bonuses that reach $9K and profit sharing that approaches $10K in rare cases, with some high rollers snagging commissions as high as $12K. The particular firm is the biggest factor affecting pay for this group, followed by the particular city and experience level. The majority of workers are highly satisfied with their job. While slightly less than a third report receiving no health benefits, a fair number do receive medical coverage, and the larger part have dental, as well. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 59 percent. This report is based on responses to the PayScale salary survey.
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$29,183 - $61,344
(Median)
$29K
$41K
$61K
MEDIAN: $41,245
10%
50%
90%

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$9.89 - $20.37
(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
$29,183 - $61,344  
   
Bonus
$0.00 - $8,960  
Profit Sharing
$99.55 - $10,045  
Commission
$0.00 - $11,608  
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).
)
$24,764 - $61,305  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 1,585
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
$9.89 - $20.37  
   
Hourly Tips
$0.58 - $5.09  
Overtime
$9.03 - $32.48  
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 - $8,960  
   
Commission
$0.00 - $11,608  
Profit Sharing
$99.55 - $10,045  
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).
)
$24,764 - $61,305  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 823

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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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As Retail Managers make advancements in their career path, their salaries may not change right away. For example, the higher-level Office Manager position pays around the same amount as the Retail Manager job on average.

Retail Store Manager Job Listings

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Popular Employer Salaries for Retail Manager


Well-known firms with a reputation for hiring numerous Retail Managers include Target Corporation, Wal-Mart Stores, Inc, Victoria's Secret, Dollar General Corporation, and Best Buy. Best Buy offers the largest salaries in town ($63K on average), but the considerable range in workers' salaries creates a rather varied pay scale that stretches from $42K to $104K. Wal-Mart Stores, Inc, Rite Aid Pharmacy, and Academy Sports + Outdoors are a few other companies that offer generous salaries, with Retail Managers earning around $57K, $52K, or $52K at each firm, respectively.

With a median employee salary of $34K, Dollar General Corporation pays significantly less than its competitors (just about half of the top paying company's median). Workers at LensCrafters Inc., Nike, Inc., and Victoria's Secret also face smaller salaries than the rest of the field — average earnings for these employers come to $37K, $38K, and $43K respectively.

Popular Skills for Retail Manager


Retail Managers seem to require a rather large skill set. Most notably, skills in Operations Management, Microsoft Word, Windows NT / 2000 / XP Networking, and Windows Operating System General Use are correlated to pay that is above average, with boosts between 8 percent and 12 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. People who have worked for fewer than five years earn around $35K, and folks with five to 10 years of experience see a modestly higher median of $38K. Retail Managers with one to two decades of relevant experience report an average salary of approximately $43K. In the end, more experience does seem to mean larger paychecks; seasoned Retail Managers with more than 20 years of experience earn a predictably higher median salary of $49K.

Pay Difference by Location


For Retail Managers, working in the bustling city of Miami has its advantages, including an above-average pay rate. Retail Managers will also find cushy salaries in New York (+34 percent), Boston (+30 percent), San Francisco (+27 percent), and Cincinnati (+26 percent). Seattle ranks last in the field for pay, reporting salaries 7 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

United States (change)

Experience Affects Retail Manager Salaries



National Average
$39,000



Skills That Affect Retail Manager Salaries



Windows NT / 2000 / XP Networking
up arrow 8%




Team Leadership
up arrow 4%

Microsoft Excel
up arrow 4%

Training
up arrow 3%

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 476 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

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

Common Health Benefits

medical benefits Medical: 71% dental benefits Dental: 60%
vision benefits Vision: 47% employee benefits None: 28%