Retail Manager Salary

Retail Managers in the United States may have to scrimp and save; the median compensation is $42K per year. Overall incomes of Retail Managers — including $9K bonuses, $10K profit sharing proceeds, and $12K commissions on the more lucrative end — generally ranges between $25K and $61K. While the particular city and tenure impact pay for this group, the specific employer is the most influential factor. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 58 percent. Most Retail Managers like their work and job satisfaction is high. While just under a third report receiving no health benefits, a fair number do receive medical coverage, and the larger part have dental, as well. This report is based on answers to PayScale's salary questionnaire.
Read More
$29,257 - $61,404
(Median)
$29K
$42K
$61K
MEDIAN: $41,579
10%
50%
90%

Add this chart to your site: 640px    300px

$9.85 - $20.49
(Median)
$9
$14
$20
MEDIAN: $14.00
10%
50%
90%

Add this chart to your site: 640px    300px

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
$29,257 - $61,404  
   
Bonus
$0.00 - $8,940  
Profit Sharing
$100.22 - $9,978  
Commission
$0.00 - $11,704  
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).
)
$24,746 - $61,440  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 1,687
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$12$24$36
Hourly Rate
$9.85 - $20.49  
   
Hourly Tips
$0.00 - $9.86  
Overtime
$10.38 - $33.16  
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$24K$48K$72K
Bonus
$0.00 - $8,940  
   
Commission
$0.00 - $11,704  
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).
)
$24,746 - $61,440  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 889
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: 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

  • 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


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


Target Corporation, Wal-Mart Stores, Inc, Dollar General Corporation, Victoria's Secret, and Bed Bath & Beyond Inc are top-notch employers for Retail Managers in this area. 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 big spenders include Wal-Mart Stores, Inc, Target Corporation, and Macy's, Inc., top-paying firms where Retail Managers see paychecks nearing $56K, $49K, or $49K.

A few other companies with smaller-than-average paychecks include Dollar General Corporation ($36K), Walgreen Co. ($36K), and LensCrafters Inc. ($37K).

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 People Management are correlated to pay that is above average, with boosts between 8 percent and 12 percent. Those educated in Customer Service tend to be well versed 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.


Retail Managers do not generally earn higher incomes from more experience in the field. Individuals who have worked for fewer than five years bring in approximately $34K on average. Those in the five-to-10 year range can expect an average that is only a touch bigger at $39K. The average pay reported by folks with 10 to 20 years of experience is around $43K. Survey participants who have spent more than 20 years on the job report a predictably higher median income of $49K, demonstrating that compensation is roughly commensurate with experience in the end.

Pay Difference by Location


For Retail Managers, Miami provides a pay rate that is 43 percent greater than the national average. Retail Managers will also find cushy salaries in New York (+33 percent), Boston (+30 percent), Houston (+28 percent), and San Francisco (+25 percent). Seattle is home to the smallest salaries in the field, lagging the national average by 3 percent.

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)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Retail Manager Salaries



National Average
$39,000



Skills That Affect Retail Manager Salaries



Windows NT / 2000 / XP Networking
up arrow 8%




Microsoft Excel
up arrow 4%

Windows Operating System General Use
up arrow 4%

Training
up arrow 3%

Microsoft Office
up arrow 1%

Merchandising
0%

National Average
$39,000

Inventory Management
up arrow 1%

Customer Relationship Management (CRM)
up arrow 1%

Customer Service
up arrow 2%

Sales
up arrow 2%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 465 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%
ADVERTISEMENT