Retail Managers in the United States can expect to earn an average of $44K per year. In the world of Retail Managers, overall cash earnings stretch from $25K near the bottom to $62K near the top; these packages encompass bonuses that run close to $10K and profit sharing that can (albeit rarely) exceed $5K, along with commissions approaching $15K. This group's pay is mainly influenced by the particular firm, followed by the particular city and tenure. Women make up a slight majority of Retail Managers (58 percent) survey respondents. Health benefits are not claimed by all — just under a third lack any form of coverage — but a majority have medical insurance, and a little over a half have dental, too. For the most part, Retail Managers enjoy their work and report high levels of job satisfaction. Respondents to the PayScale salary survey provided the data for this report.
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$29,959 - $63,265
(Median)
$30K
$44K
$63K
MEDIAN: $43,988
10%
50%
90%

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$10.16 - $21.79
(Median)
$10
$15
$22
MEDIAN: $15.00
10%
50%
90%

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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
$29,959 - $63,265  
   
Bonus
$406.20 - $9,860  
Profit Sharing
$391.49 - $5,190  
Commission
$0.00 - $15,135  
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).
)
$25,264 - $62,119  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 1,310
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$11$22$33
Hourly Rate
$10.16 - $21.79  
   
Hourly Tips
$0.16 - $5.41  
Overtime
$15.05 - $32.94  
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$22K$44K$66K
Bonus
$406.20 - $9,860  
   
Commission
$0.00 - $15,135  
Profit Sharing
$391.49 - $5,190  
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).
)
$25,264 - $62,119  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 809
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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 transition into upper-level roles like Office Managers, it's possible that they won't see a change in salary. Office Managers earn the same amount as Retail Managers on average.

Retail Store Manager Job Listings

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Popular Employer Salaries for Retail Manager


Dominating the field, Wal-Mart Stores, Inc, Target Corporation, Dollar General Corporation, Dollar Tree Stores Inc, and Best Buy are top firms with a reputation for hiring a great number of Retail Managers. For Retail Managers, comfortable salaries can be found at CVS / Pharmacy; in fact, median earnings sit around $67K, the highest in the area. Best Buy, Cracker Barrel Old Country Store, and Macy's, Inc. also offer top salaries for Retail Managers. Workers at these firms can expect to earn about $62K, $52K, and $51K, respectively.

Lowe's Home Improvement Inc., Dollar General Corporation, and Sodexo, Inc. also rank near the bottom for pay, handing out $40K, $40K, and $42K-paychecks on average.

Popular Skills for Retail Manager


Retail Managers seem to exploit a large range of skills on the job. Most notably, skills in People Management, Sales Management, Operations Management, and Team Leadership are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Microsoft Word, Customer Service, and Retail. Most people experienced in 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.


Retail Managers do not generally earn higher incomes from more experience in the field. The average worker who claims fewer than five years of experience earns around $35K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $39K. Retail Managers see a median salary of $44K after reaching one to two decades on the job. Ultimately, more time spent in the workforce does seem to translate to bigger paychecks; seasoned veterans with more than 20 years of experience report a median income of $50K.

Pay Difference by Location

National Average: $40,418

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

For Retail Managers, working in the bustling city of Boston has its advantages, including an above-average pay rate. Retail Managers will also find cushy salaries in San Francisco (+30 percent), New York (+24 percent), Houston (+23 percent), and San Diego (+22 percent). Miami is home to the smallest salaries in the field, lagging the national average by 18 percent.

Retail Manager Reviews

What is it like working as a Retail Manager at Macy's, Inc.?

Retail Manager in New York:
"Work life balance."
Pros: Very team oriented and fast paced environment You learn a lot in a short amount of time.
Cons: The lack of training you have to learn things yourself most of the time.

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

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Experience Affects Retail Manager Salaries



National Average
$40,000



Skills That Affect Retail Manager Salaries

People Management
up arrow 3%

Sales Management
up arrow 2%

Operations Management
up arrow 2%

Team Leadership
up arrow 1%

Merchandising
0%

National Average
$40,000

Inventory Management
up arrow 1%

Scheduling
up arrow 1%

Training
up arrow 2%

Customer Relationship Management (CRM)
up arrow 4%

Microsoft Office
up arrow 4%

Microsoft Excel
up arrow 4%


up arrow 5%

up arrow 5%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 283 votes.

Gender

Female
58 %
Male
42 %

Years of Experience

Less than 1 year
1%
1-4 years
26%
5-9 years
25%
10-19 years
30%
20 years or more
18%

Common Health Benefits

medical benefits
Medical: 68%
dental benefits
Dental: 55%
medical benefits
Vision: 48%
dental benefits
None: 31%
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