Retail Management
The business of retail trade is tireless and never-ending. The hours can be long -- time often spent on your feet -- and the work requires excellent communication and people skills. The job is not without its rewards, however. In the more senior positions of retail management and operations the pay can be quite lucrative. Retail sales positions can also pay quite well, depending on the geography and employer.
Earnings Potential
The average earnings for those in retail management can vary. According to the U.S. Department of Labor, in May 2004 the average annual salary for management in general merchandise stores was $48,880. For managers in apparel and accessory stores it was $57,512 per year. Entry-level jobs in retail generally have no education or training requirements. Most employers are content to handle training themselves. However, for positions in management employers will be looking for people with extensive experience in retail, as well as a college degree.
A Degree in Retail Management
Attending a retail management degree program sets you on the best possible track for the upper levels of retail business. Management positions require extensive training, experience in retail, and a broad knowledge of retail operations. Those who have a degree in retail management or a related field, such as business administration or marketing, will face the best opportunities. A program in retail management will give you the necessary skills in operations, customer service, staff management, and sales training you will need in order to be a success.
