Retail Manager Salary

Median pay for Retail Managers in the United States is around $45K per year. Overall compensation packages to Retail Managers range from $25K on the low end to $64K on the high end; this includes bonuses that peak near $10K and profit sharing that approaches $8K, with some high rollers snagging commissions as high as $15K. The particular firm is the main element affecting pay for this group — the particular city and tenure are driving factors as well. Most Retail Managers like their work and job satisfaction is high. While around one in three report receiving no health benefits, a majority do receive medical coverage, and a little over a half have dental, as well. Respondents to the PayScale salary survey provided the data for this report.
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$29,993 - $65,808
$30K
$45K
$66K
MEDIAN: $45,285
10%
50%
90%

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$10.48 - $21.87
$10
$15
$22
MEDIAN: $15.14
10%
50%
90%

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$0$65K
Salary $29,993 - $65,808
Bonus $389.03 - $9,827
Profit Sharing $402.68 - $19,574
Commission $0.00 - $14,975
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).
)
$25,392 - $64,506
  • Country: United States
  • Currency: USD
  • Updated: 18 Nov 2017
  • Individuals Reporting: 1,105
Hourly Data $0$34
Hourly Rate $10.48 - $21.87
Hourly Tips $0.36 - $6.27
Overtime $14.93 - $34.18
Annual Data $0$64K
Bonus $389.03 - $9,827
Commission $0.00 - $14,975
Profit Sharing $402.68 - $19,574
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).
)
$25,392 - $64,506
  • Country: United States
  • Currency: USD
  • Updated: 18 Nov 2017
  • Individuals Reporting: 741

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

  • 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


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Retail Managers' salary tends to stay somewhat level for those who assume higher-end positions like Office Manager. Median pay for Office Managers is $39K.

Retail Manager Job Listings

Popular Employer Salaries for Retail Manager


Wal-Mart Stores, Inc, Target Corporation, Dollar Tree Stores Inc, Dollar General Corporation, and Best Buy are some prominent firms with considerable interest in employing a large team of Retail Managers. CVS / Pharmacy offers the highest compensation with a median salary of $65K. Also paying near the top of the field are Best Buy at $62K, Cracker Barrel Old Country Store at $52K, and Macy's, Inc., where Retail Managers annually earn $51K.

75 percent lower than the top payer, Dollar General Corporation offers a median salary of just $37K, consistently last on the pay scale ladder by far. 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 who know Customer Service also know Merchandising, Sales Management, and Operations Management.

Pay by Experience Level for Retail Manager

Pay by Experience for a Retail Manager has a positive trend. An entry-level Retail Manager with less than 5 years of experience can expect to earn an average total compensation of $34,000 based on 677 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Retail Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $39,000 based on 686 salaries. An experienced Retail Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $45,000 based on 739 salaries. A Retail Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $50,000 based on 364 salaries.

Pay Difference by Location

National Average: $41,212

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 New York (+20 percent), San Diego (+18 percent), Portland (+11 percent), and Las Vegas (+10 percent). With compensation 15 percent below the national average, Denver is not known for hefty paychecks and actually represents the lowest-paying market. Houston and St. Louis are a couple other places where companies are known to pay below the median — salaries are 5 percent lower and 2 percent lower, respectively.

Retail Manager Reviews

Q: What is it like working as a Retail Manager?

Retail Manager in Fort Stewart:
"Over worked, under paid slow growth."
Pros: The paid vacation.
Cons: Part time but get worked like full time, you can't take vacations because work consumes you then your forced to use or lose, they use you wont promote you if u know the job but they will promote a un experienced person over u or have u train them to be put in a higher position than you, theres favoritism and prejudice OPENLY.

Retail Manager in Blue Eye:
"Not bad."
Pros: I get to sale people things that will help them in the future.
Cons: Everything seems okay. I cant really think of anything that I don't like.

Retail Manager in Plainfield:
"Being lowballed."
Pros: I enjoy working with the public.
Cons: I have no set schedule whatsoever.

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
61 %
Male
39 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 348 votes.
Less than 1 year
1%
1-4 years
25%
5-9 years
24%
10-19 years
32%
20 years or more
17%

Experience Affects Retail Manager Salaries

▲21%

▲8%

National Average
$41,000

▼5%

▼18%

Skills That Affect Retail Manager Salaries

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 348 votes.

Gender

Female
61 %
Male
39 %

Years of Experience

Less than 1 year
1%
1-4 years
25%
5-9 years
24%
10-19 years
32%
20 years or more
17%

Common Health Benefits

medical benefits
Medical: 66%
dental benefits
Dental: 55%
vision benefits
Vision: 48%
no benefits
None: 33%