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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, overall cash allowance can occasionally include more than $9K from bonuses and, in some exceptional cases, $10K from profit sharing, causing incomes to vary widely between $25K and $61K. The most important factor affecting compensation for this group is the particular firm, followed by the particular city and tenure. Health benefits are not enjoyed by everyone in this line of work, and just under one in three lack any coverage at all. Medical benefits are reported by a fair number and dental coverage is claimed by a majority. Women make up a slight majority of Retail Managers (58 percent) survey respondents. Job satisfaction for Retail Managers is high. This overview is based on answers to PayScale's salary questionnaire.
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$29,269 - $61,354
(Median)
$29K
$41K
$61K
MEDIAN: $41,382
10%
50%
90%

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$9.86 - $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
$29,269 - $61,354  
   
Bonus
$0.00 - $8,970  
Profit Sharing
$99.55 - $10,045  
Commission
$0.00 - $11,579  
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).
)
$24,807 - $61,307  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 1,622
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 - $20.37  
   
Hourly Tips
$0.00 - $9.93  
Overtime
$10.07 - $32.47  
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 - $8,970  
   
Commission
$0.00 - $11,579  
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).
)
$24,807 - $61,307  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 848

Find Out Exactly What You Should Be Paid

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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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Retail Managers' salaries tend to stay somewhat constant even when they advance into higher-level positions like Office Manager. On average, Office Managers get paid about the same as Retail Managers do.

Retail Store Manager Job Listings

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Popular Employer Salaries for Retail Manager


Wal-Mart Stores, Inc, Target Corporation, Dollar General Corporation, Bed Bath & Beyond Inc, and Victoria's Secret are among the top companies that take on many Retail Managers. 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. Soaring salaries can also be found at Wal-Mart Stores, Inc, Academy Sports + Outdoors, and Macy's, Inc., where earnings of $54K, $52K, or $49K are standard for Retail Managers.

Known for its small paychecks, Dollar General Corporation actually ranks last in the field for salary, reporting a median income of $34K — just about half of the top paying company's median. Workers at LensCrafters Inc., Advance Auto Parts, Inc., and Nike, Inc. also face smaller salaries than the rest of the field — average earnings for these employers come to $37K, $37K, and $38K 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 People Management are correlated to pay that is above average, with boosts between 8 percent and 12 percent. Most people familiar with Customer Service also know 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 with a lot of experience do not necessarily enjoy more money. Individuals who have worked for fewer than five years bring in approximately $35K on average. Those in the five-to-10 year range can expect an average that is only a touch bigger at $38K. Retail Managers who work for 10 to 20 years in their occupation tend to earn about $43K. Old hands boasting more than twenty years of relevant experience report pay that is more or less commensurate with that extensive experience; average earnings for this group come out to approximately $49K.

Pay Difference by Location


Miami offers some of the highest pay in the country for Retail Managers, 42 percent above the national average. Retail Managers will also find cushy salaries in New York (+33 percent), Boston (+29 percent), San Francisco (+27 percent), and Houston (+26 percent). Seattle is the lowest-paying area, 7 percent south of 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%

Merchandising
0%

Microsoft Office
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 468 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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