Franchise Owners

Franchise Owners has a Career Health Score of 63/100, rated "Fair." Franchise Owners shows mixed signals. skill demand is a plus, but work-life balance raise concerns. The median salary is $76,500 per year. Employment is projected to grow 4% from 2022 to 2032, which is as fast as average.

The median annual salary for Franchise Owners is $76,500 as of 2023. The bottom 10% earn around $33,900, while the top 10% earn over $176,300. The 75th percentile salary is $116,500.

The typical entry-level education for Franchise Owners is bachelor's degree. Most positions require less than 5 years of related work experience. New hires typically receive none of on-the-job training.

Franchise Owners are relatively safe from AI automation, with an AI exposure score of 35%. The overall impact is classified as "Low impact." Key tasks that remain difficult to automate include staff leadership, hiring, and team development and local community engagement and customer relationships.

Employment for Franchise Owners is projected to grow 4% from 2022 to 2032, which is as fast as average. The economy is expected to add approximately 18,500 openings per year, including replacements for workers who transfer or retire.

The most important skills for Franchise Owners include Business Management, Leadership, Financial Management, Operations Management, Customer Service. Key technical skills include Business Management, Financial Management, Operations Management. Strong soft skills like Leadership and Customer Service are also essential.