Retail Managers

Retail Managers has a Career Health Score of 55/100, rated "Fair." Retail Managers shows mixed signals. skill demand is a plus, but growth and work-life balance raise concerns. The median salary is $53,280 per year. Employment is projected to grow -1% from 2022 to 2032, which is decline.

The median annual salary for Retail Managers is $53,280 as of 2023. The bottom 10% earn around $31,740, while the top 10% earn over $115,040. The 75th percentile salary is $76,000.

The typical entry-level education for Retail Managers is high school diploma or equivalent. Most positions require less than 5 years of related work experience. New hires typically receive none of on-the-job training.

Retail Managers are relatively safe from AI automation, with an AI exposure score of 35%. The overall impact is classified as "Minimal Impact." Key tasks that remain difficult to automate include staff coaching, development, and performance management and customer escalation handling and service recovery.

Employment for Retail Managers is projected to decline 1% from 2022 to 2032, which is decline. The economy is expected to add approximately 157,200 openings per year, including replacements for workers who transfer or retire.

The most important skills for Retail Managers include Retail Operations, Leadership, Customer Service, Sales Management, Communication. Key technical skills include Sales Management. Strong soft skills like Leadership and Customer Service and Communication are also essential.