Retail Market is an incredibly broad category, which makes it a little hard to fix down. It is indeed a very demanding job that sounds amazing to some but asks for extreme dedication and hard work. We need to understand that entry-level retail jobs aren’t associated with great salaries, but that doesn’t mean there aren’t some high-paying retail jobs out there. The retail market holds great and tremendous opportunities who are willing to work for it. It’s possible to work your way up to the top.
This sector is full of possibilities and statistics show that approximately 29 million people are directly employed by the retail industry. Therefore, making it one of the fastest-growing sectors. You should know how to sell products or services to the person who uses it is technically part of the industry. Moreover, when it comes down to any professional who helps consumers get those products or services is in a retail job.
We’re going to take deeper insights into the career opportunities in the retail job by discussing the 10 highest paying Retail Jobs and Careers in 2022. So, be prepared to find the best career for yourself in the retail market and achieve your higher goals with extreme hard work and dedication. Now, without wasting any more time let’s jump more into the blog.
1. Retail Franchise Owner
Retail Franchise Owner is one of the highest paying jobs in the retail market. In this profile, you work on investing funds to open a chain of retail locations. These professionals hire employees to run the operations and choose to stay highly involved, even acting as managers or entirely running the business. Moreover, your income depends on various factors including the niche, brand, location, market saturation in the operating area, and more.
Roles and Responsibilities
- Open a chain of retail locations.
- Hiring and training employees.
- Opening a single store based on the name, branding, trademark, and products of an existing business.
Average Salary: $64,000 per annum
2. Regional Manager
Regional Manager is an upper management role. These professionals manage operations at the brand’s stores within a specific physical area. They assist the team and make plans on expanding the franchise by looking after factors like new location openings, inspecting existing stores, introducing safety measures, implementing policies, establishing procedures, customer satisfaction, etc. Moreover, their salaries can vary depending on the number of stores in an area and the amount of experience the person brings to the table. But if you have talent and vision this is a perfect job for you.
Roles and Responsibilities
- Oversee the operations of multiple office, store or business branches.
- Guide, train and manage employees and supervisors.
- Organizing and implementing training programs for staff in the entire region.
Average Salary: $147,000 per annum
3. General Manager
General Managers have different meanings to every brand and business. They act as scaled-down CEOs, managing the daily operations of a business segment, department, or stand-alone retail location. Moreover, ensuring that all the strategic goals are met by setting operational policies, creating and maintaining budgets, managing employees, and more. However, these professionals can advance by thrusting into top executive positions and to more prestigious companies.
Roles and Responsibilities
- They improve efficiency and work towards making profits for the company.
- They manage staff, oversee the budget, and employee marketing strategies.
- Coordinating operations across every department.
Average Salary: $56,736 per annum
4. Store Manager
As a store manager, your job is to oversee the operations of a single store. Usually, you’ll have duties like hiring, training, and supervising employees, handling budgets, maintaining records, and managing all core activities. Moreover, mostly Store Managers have a college degree, it’s possible to become one with only a high school degree or GED. Therefore, you can choose store manager as your career option and then look for higher opportunities.
Roles and Responsibilities
- Manage employees
- Maintaining the sales environment
- Cost minimization
- Recruitment, Training and Development
Average Salary: $61,569 per annum
5. Retail Account Manager
Retail Account Manager are usually hired by product brands. There main responsibility include maintaining a good relationship between the customers and the employee. They look after the needs of the customers and with their extraordinary communication skills they demonstrate the products to the customers and make them understand why they should buy that particular product. These professionals may earn up to six figure of income depending on the company they work in.
Roles and Responsibilities
- Responsible for managing the relationship between a company and the retailers that stock them.
- Develop strong relationships with customers.
- Answer client queries.
Average Salary: $62,000 per annum
6. Customer Service Manager
Customer Service Manager is considered as one of the best retail jobs around. The duties are mainly upper-level supervisory. These professionals works to find ways to keep their customers satisfied and solve their problems related to the company’s product and services or anything related to the company. Moreover, they train employees to offer the best in customer service, ensuring that they stick to the company’s standards and strive to exceed expectations at every step.
Roles and Responsibilities
- Maintains customer satisfaction by providing problems-solving resources.
- Answers customer’s questions.
- Manages staff.
Average Salary: $94,000 per annum
7. Regional Loss Prevention Manager
Looking at the monatory benefits of the Regional Loss Prevention Manager, it looks as a solid choice for anyone focusing on high-paying retail jobs. This is an upper-level position, who focuses on enhancing profitability and reducing loss across multiple stores. Moreover, they implement policies, ensuring the right technologies are in their correct place, and developing new standards. Also, they provide training to store employees and managers.
Roles and Responsibilities
- To oversee numerous stores at a single time.
- Responsible for the staffing, profit, performance and other operations at each branch you manage.
Average Salary: $86,140 per annum
8. Customer Service Supervisor
This position is a gateway to management, making it one of the best retail jobs for moving up. Therefore, making this as your career goal is one of the best decision you’ll make if you are planning to enter the retail market. A customer service supervisor, is in a front-line management position. Moreover, they guide a team of customer service representatives, duties typically include addressing customer issues that have been elevated beyond the first support tier.
Roles and Responsibilities
- Delegating tasks.
- Monitoring the team’s performance.
- Assisting the team by performing the tasks with them.
- Helping with training and development.
Average Salary: $64,000 per annum
9. Purchasing Manager
No doubt this is one of the highest paying job role in the retail market. Therefore, it is one of the best career option to choose. They are specifically selected. Purchasing managers oversee various processes like identifying products, they negotiate prices with brands, create procurement policies and procedures, coordinate deliveries with suppliers, and supervise a team of purchasing agents or buyers.
Roles and Responsibilities
- They manage the purchasing process including the buying, selling and distributions.
- Review new project proposals for the company.
- Communicate with the marketing and sales team.
Average Salary: $121,110 per annum
10. Retail Analytics Professional
Analytics is important in every job. Retail analytics is the upcoming technology that helps in increased retail sales and for delivering more promising inventory management. Therefore, having a career in this field is a very good option. They are responsible for developing strategies for maximizing retail sales and design.
Roles and Responsibilities
- Monitor all labour hours.
- Ensure optimization of all services.
- Analyze all client requirements.
- Provide optimal level of customer services.
Average Salary: $40,100 per annum
We hope you’re now well aware of all the 10 highest paying Retail Jobs and Careers in 2022. Our team wishes you all the best for your career and future. Moreover, we hope that you’re satisfied with all the information and will start following your career with complete confidence and determination. Happy Learning!
