5 Best-Paying Retail Management Jobs
Before you start looking at career advancement opportunities it's important to know your worth
Do you have years of retail experience under your belt? It may be time to start looking at career advancement opportunities at your company or elsewhere and it's important to know your worth.
Here's a salary outlook for some of the best-paying retail managerial roles, including best-paying companies, skills and states that pay above the national average.
District Manager | Median Annual Salary: $72,402
Salary outlook: Retail district managers at Walgreen Co. can make an average $128K and Sears Holdings Corporation, CVS Caremark Corporation and Family Dollar Stores Inc. are some of the top-paying firms where district managers see a range of $88K to $114K. District managers are responsible for managing store inventory, hiring, training and supervising store managers in the region and monitoring sales and operations at a regional level. Employees report high job satisfaction and salaries generally peak at the $80K level with 10 to 20 years of experience. An increase in pay comes with financial analysis, human resources, operations management and team leadership skills of about 4 percent to 10 percent. New York is reported to pay more than 20 percent above the national average of $75,321.
See what retail district manager jobs are available and apply today.
Human Resources Manager | Median Annual Salary: $60,619
Salary outlook: Human resources managers are reported to be paid more at The Walt Disney Company and Comcast Cable, Inc., nearing the $75K-80K range. Responsibilities include advising and coaching managers on HR policies and programs, including employee relations issues. Aside from staying on top of policies and making sure procedures aligned with state and federal laws are administered, human resource managers are responsible for business planning and development of HR programs and coordinating efforts in recruitment, compensation, benefits and training. Performance management and organizational development are crucial skills. San Francisco, New York and Washington are reported to pay more than 20 percent above the national average of $59,870.
General Manager | Median Annual Salary: $58,230
Salary outlook: Best Buy is reported to pay general managers more than $100K, far exceeding retailers' salaries for this role. General managers with people management skills are likely to see greater pay. New York pays 43 percent above the national average of $54,900, followed by San Francisco and Los Angeles at 31 percent and 29 percent respectively. The majority of general managers have 10 to 19 years of retail experience. General managers are responsible for resolving customer problems and complaints, working to plan and meet sales targets, managing retail store staff including hiring and training new employees and overseeing payroll.
See what retail general manager jobs are available and apply today.
Operations Manager | Median Annual Salary: $56,888
Salary outlook: Operations managers average more than $90K at Amazon.com Inc. and nearly $108K at the United Parcel Service (UPS), Inc. Individuals in this role report high job satisfaction and find skills in project and budget management correlate with increased pay. San Francisco pays operations managers 17 percent above the national average of $59,882, followed by Houston at 15 percent. Operations managers are responsible for managing operational costs and company or department operations and making personnel decisions regarding hiring, compensation, promotions and disciplinary actions.
See what retail operations manager jobs are available and apply today.
Assistant Store Manager | Median Annual Salary: $45,387
Salary outlook: Assistant store managers' salaries are on the lower end of the spectrum, however, potential for bonuses can peak yearly wages to near $59K depending on individual performance. Sales, operations and customer relationship management correlate with higher pay. Lowe's Home Improvement Inc., The Home Depot Inc., Walgreen Co., Lowe's Companies, Inc. and the Target Corporation are reported to pay between $50K and $60K for this role. Assistant store managers are responsible for overseeing daily retail operations, staff, workflow and schedules. They manage and stock inventory, resolve customer complaints and assist in managing and training staff and they ensure monthly sales quotas are met. Boston is reported to pay assistant store managers 51 percent above the national average of $37,363 followed by New York and Las Vegas, tied at 20 percent.
See what retail assistant store manager jobs are available and apply today.
Note: Data is based on PayScale survey data.
Monster Wants to Know: What retail careers would you like to see featured? Share with us in the comment section.