Those working in the retail management field are responsible to now only management the retail areas where they work but sales people under them. They can be responsible for dealing with quality issues in their area, scheduling of sales persons, customer complaints and issues, and facility maintenance. They can also be responsible for keeping track of sales totals and setting up for special sales and customer events. Retail managers can work long and irregular hours, especially during the holiday season.
Career Outlook in Business Administration and Retail Management
The retail management field has been deeply impacted by the recent economic recession that has gripped the world. As the American public has cut their spending, the retail industry has experienced a significant slow down. When people don't spend, retail companies suffer. The good news is that the retail field is beginning to see growth again. According to the United States Bureau of Labor Statistics, retail management is expected to see growth of about five percent between now and 2018. This growth will probably be strongest in the scientific, technical, and professional sides of the retail field.
Salary Expectations in Business Administration and Retail Management
The salary expectations for those in retail management vary by location and industry. The average wages for retail sales supervisors in 2008 were from $27,000 to $46,000 annually. The highest 10 percent of retail mangers made over $61,000 annually. The lowest 10 percent made under $22,000 annually. These salaries included commissions. Building materials and suppliers retail managers had average salaries of around $37,000 annually. Department store retail supervisors had average salaries of around $30,000 annually. This information was gathered from the Occupational Outlook Handbook. Retail management is a competitive field with high turnover. Those with college degrees will be best positioned to get good jobs and make the best salaries.
Great Degree Programs in Business Administration and Retail Management
Colleges have created a bachelor's degree in business administration with an emphasis in retail management. This degree is 4 years of study and gives students the experience and education to step right into management positions with retail companies.
If you are interested in earning a degree in Retail Management, click here to request more information.
Do you love working with people and helping them purchase items they need? Have you worked in the retail field but want to advance into upper management in the vast world of retail? Then you should look into getting a degree in business administration and retail management. This degree mixes a strong business management background with an emphasis in the world of retail management and allows graduates to be fully prepared to work in the management arena of retail sales. Retail managers are also referred to as salesperson supervisors.
