No industry pays more than retail, this behemoth is worth an estimate of over 5 trillion dollars as of 2017, that’s four years ago.<\/p>\n\n\n\n
Now imagine how far this industry must have grown not minding the Covid19 pandemic that destroyed literally 60% of the world global finance. During this period, retail sales grew an estimated of 6.7%.<\/p>\n\n\n\n
In this article, we will be talking about 15 highest-paying retail jobs in 2023.<\/p>\n\n\n\n
But before we hit the nail, let’s understand what a retail job\u00a0is all about.<\/p>\n\n\n\n
This job involves the presenting, marketing, organizing, stocking, and selling of products and services to customers in a store or over the phone<\/p>\n\n\n\n
In simpler terms, it includes every activity required to run a store successfully.<\/p>\n\n\n\n
From opening and closing a store during and after operational hours to operating the cash register, ordering new stock whenever there is a shortage, communicating with customers, cleaning the building, etc.<\/p>\n\n\n\n
Working in a retail store requires basic skills of sales, communication, multitasking, etc.<\/p>\n\n\n\n
Read: WHO IS THE HIGHEST PAID SALESMAN? TOP 10 HIGHEST PAID CAR SALESMEN<\/a><\/p>\n\n\n\n Such a basic requirement for an industry that according to Payscale<\/strong> pays a minimum of 10 dollars per hour and bonuses reaching from $20to $500 to a simple sales assistant those guys that greet you whenever you enter the store and sometimes points you to a product<\/p>\n\n\n\n Quick research on Quora explains that when a retailer buys goods from a wholesaler at a particular price, they then add up the cost at which they believe the customer will pay<\/p>\n\n\n\n Out of this concluded margin are the costs of running the business I.e employee wages, utilities, rents, etc. Anything that is left is their profit<\/p>\n\n\n\n Thinking they are ripping their customers off. Think again<\/p>\n\n\n\n You see, they are not always making profits on each major sale but the minor ones<\/p>\n\n\n\n Let me explain you bought a fridge from an electronic retail store, they might not make a profit from the sale of the fridge<\/p>\n\n\n\n Even If they did, it would be a very small margin but they would have some nice profit on the adapter, cable lines, dust cover, extended warranty you bought along with it<\/p>\n\n\n\n According to the bureau of labor statistics, the median pay for an average retail worker is 13$ per hour and 27000$ per year with entry-level education<\/p>\n\n\n\n The great thing about becoming a retail worker is the fact it doesn’t require any experience whatsoever or even any formal educations,<\/p>\n\n\n\n Heck, you can even learn on the job<\/p>\n\n\n\n But to be able to earn more and secure these high paying retail jobs<\/p>\n\n\n\n P.S: You are required to have a very good experience in the retail industry, either through training or formal educations<\/p>\n\n\n\n Here are the 15 highest-paid retail jobs in 2023:<\/p>\n\n\n\n Average salary: $43,000 per year<\/p>\n\n\n\n Duties: As a beauty consultant in the retail industry, your primary duty is to help customers to choose various beauty products, which include skincare products, makeup cosmetics, hair-care products, etc, while also teaching them how to use and apply the product. <\/p>\n\n\n\n Companies that offer these retail jobs include: <\/p>\n\n\n\n Ulta beauty, Oriflame, Nordstorm, Sephora, Purplle, Sally beauty<\/p>\n\n\n\n Read: 17 Highest Paid Recruiters In The USA | Best Companies And State<\/a><\/p>\n\n\n\n Average salary: $33,000 per year at entry level<\/p>\n\n\n\n Duties: As one of the most paid jobs in the retail industry, your primary duty as a pharmacy technician is to assist pharmacists during their entire shifts. <\/p>\n\n\n\n This can include filing prescriptions, handling paper-works, answering phones, interacting with customers etc.<\/p>\n\n\n\n Responsibilities as a retail pharmacy technician<\/p>\n\n\n\n Qualifications<\/strong><\/p>\n\n\n\n Companies that offer this high paying retail job includes<\/p>\n\n\n\n Cvs pharmacy, PharMerica, Walmart, Safeway, Walgreens<\/p>\n\n\n\n Average salary: $60,000 per year<\/p>\n\n\n\n Duties: a buyer is tasked with the responsibility of filling up the shelves of the store, that is he buys the clothing, materials for the store to sell. <\/p>\n\n\n\n This could include making a purchase order from vendors, building relationships with these vendors, tracking the deliveries of the purchased material to make sure it arrives successfully.<\/p>\n\n\n\n Responsibilities of a purchasing agent<\/p>\n\n\n\n Qualifications<\/p>\n\n\n\n Companies that offer positions as purchasing agents or planners in their retail stores<\/p>\n\n\n\n Applied material, Boart Longyear, Thermo Fisher Scientific, Arrow Electronic, Plato Closet, Wr group,<\/p>\n\n\n\n Average salary: $38000 per year<\/p>\n\n\n\n Duties: Every retail store has measures in place to prevent and minimize thefts and these measures are overseen by a loss prevention manager. <\/p>\n\n\n\n He is tasked with coming up with various ways to prevent shoplifting, looting, break-ins, etc.<\/p>\n\n\n\n Responsibilities of a Loss prevention manager<\/p>\n\n\n\n Qualifications<\/p>\n\n\n\n Companies that offer the is high paying retail job includes<\/p>\n\n\n\n Target, GAP, Walmart, Autozone, harbor freight tools<\/p>\n\n\n\n Average salary: $86,000<\/p>\n\n\n\n This job is literally the most top paying retail jobs in 2022<\/p>\n\n\n\n It is a senior category of being a loss prevention manager, he or she is tasked with preventing losses in multiples of stores while ensuring profitability<\/p>\n\n\n\n It shares the same duties and responsibilities with a loss prevention manager<\/p>\n\n\n\n Companies that offer this high paying retail job includes<\/p>\n\n\n\n Burlington stores, Sears,GAP<\/p>\n\n\n\n Average salary: $52,000 per year<\/p>\n\n\n\n Duties: a cosmetic manager is tasked with overseeing a beauty department of a retail store, he or she is in incharge of monitoring the inventory, managing the beauty consultants, assisting customers<\/p>\n\n\n\n Responsibilities of a cosmetic manager:<\/p>\n\n\n\n Qualifications<\/p>\n\n\n\n Read: 25 Highest Paid Jobs In Florida<\/a><\/p>\n\n\n\n Average salary: $121,000<\/p>\n\n\n\n Duties: Duties is the same as that of a purchasing agent but unlike the latter, a purchasing manager works for big companies.<\/p>\n\n\n\n Responsibilities include:<\/p>\n\n\n\n Companies that offer this high paying retail job includes mega retail franchise, such as<\/p>\n\n\n\n Walmart, Target, GAP, amazon<\/p>\n\n\n\n Average salary: $47,000 per year<\/p>\n\n\n\n Duties: a retail customer service supervisor manages a company\u2019s team of customer service staff in order to make sure they carry out their work in full capacity<\/p>\n\n\n\n Responsibilities of a customer service supervisor<\/p>\n\n\n\n Qualifications:<\/p>\n\n\n\n Companies that offer this high paying retail job includes<\/p>\n\n\n\n Whole foods market<\/strong>, office depot OfficeMax<\/strong>, Kohl<\/strong> <\/p>\n\n\n\n Average salary: $94,000<\/p>\n\n\n\n Duties: a customer service manager duties have some similarities with that of a customer service supervisor, he is of a higher leadership position than the latter; he manages the supervisor and the customer team in its entirety<\/p>\n\n\n\n Responsibilities of a customer service manager<\/p>\n\n\n\n Qualifications: <\/p>\n\n\n\n Companies that offer positions in this top-paying job are<\/p>\n\n\n\n Walmart, Kroger, 7eleven, spar, one-stop<\/p>\n\n\n\n Average salary: $48,000 per year<\/p>\n\n\n\n Duties: a retail account manager is tasked with the responsibilities of acting on behalf of a supplier to sell goods and materials to retail companies. <\/p>\n\n\n\n They are also tasked with the duty of maintaining relationships with the company\u2019s retail clients<\/p>\n\n\n\n Responsibilities:<\/p>\n\n\n\n Qualification:<\/p>\n\n\n\n Companies that offer positions in this top-paying job are Vineyard vines, AT&T<\/p>\n\n\n\n Average salary: $48000 per year<\/p>\n\n\n\n Duties: a store manager is tasked with the daily running of a retail store, this includes the hiring and training of staff, reviewing financial records, etc.<\/p>\n\n\n\n Responsibilities of store manager<\/p>\n\n\n\n Qualification<\/p>\n\n\n\n Starbucks, T-Mobile, and dollar general offer positions in this top-paying job.<\/p>\n\n\n\n READ ALSO: 15 Highest Paid Graduate Jobs in 2023| Best Review<\/a><\/p>\n\n\n\n Average salary: $54,000<\/p>\n\n\n\n Duties: a general manager is tasked with the duty of coordinating the activities of several stores and storage facilities etc.; they oversee various administrative tasks like payroll, accounting<\/p>\n\n\n\n Responsibilities of a general store manager<\/p>\n\n\n\n Qualification<\/p>\n\n\n\n Companies that offer positions in this top-paying job are Adidas, Gap, Domino, and Gamestop.<\/p>\n\n\n\n Average salary: $77,000<\/p>\n\n\n\n Duties: regional managers supervise all operations within a particular area. They inspect and ensure staff complies with the company\u2019s policies while managing budgets.<\/p>\n\n\n\n Responsibilities of a regional manager<\/p>\n\n\n\n Qualifications<\/p>\n\n\n\n Companies that offer positions in this top-paying job are Pizza hut, Domino, Ulta.<\/p>\n\n\n\n Average salary: $46,000 per year<\/p>\n\n\n\n Duties: As a sales associate, you must help customers find products, respond to questions, etc. In simple terms, he is required to aid the customer in completing the buying process.<\/p>\n\n\n\n Responsibilities<\/p>\n\n\n\n Qualification<\/p>\n\n\n\n Companies that offer positions in this top paying retail jobs are<\/p>\n\n\n\n Nike, staples, Macy, Adidas<\/p>\n\n\n\n Read: 10 Highest Paid Software Engineers in the World | 2023<\/a><\/p>\n\n\n\n Average salary: $64000<\/p>\n\n\n\n No matter how much any retail job pays, nothing beats being a retail store owner.<\/p>\n\n\n\n This role requires you to open a retail chain store under a popular brand while maintaining a huge amount of operational control.<\/p>\n\n\n\n You can choose to remain actively involved in the day-to-day running of the business, or you can hire a store manager to run the location, all these variations on the location, niches, and target market.<\/p>\n\n\n\n You can find employment in the following departments \u00a0 A quick step-by-step guide to help you gain a job in retailing Aldi Qualifications can be anything you have that can set you aside from the competition, they are; The only thing stressful about retail is the range of people you meet daily.<\/p> <\/div> What are the advantages and disadvantages of having a career in retailing These jobs above qualify as the highest-paid retail jobs in the world; sometimes, you can start immediately with your high school diploma. Or, you can work up your way to the top without gaining a college degree. But, having one can open up many doors in this trillion-dollar industry.<\/p>\n\n\n\n Use the information in this article as your guide on your journey to the retail market<\/p>\n\n\n\n Good-luck<\/p>\n\n\n\nSalary Scale of Retail Jobs<\/span><\/h2>\n\n\n\n
How profitable is a retail job?<\/span><\/h2>\n\n\n\n
15 HIGHEST PAYING RETAIL JOBS IN 2023<\/strong><\/span><\/h2>\n\n\n\n
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1. Beauty consultant<\/strong><\/span><\/h3>\n\n\n\n
Responsibilities as a retail beauty consultant <\/span><\/h4>\n\n\n\n
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Qualification<\/span><\/h4>\n\n\n\n
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2. Pharmacy technician <\/span><\/h3>\n\n\n\n
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3. Purchasing Agent:<\/span><\/h3>\n\n\n\n
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4. Loss prevention manager<\/strong><\/span><\/h3>\n\n\n\n
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5. Regional loss prevention manager<\/strong><\/span><\/h3>\n\n\n\n
6. Cosmetic manager:<\/span><\/h3>\n\n\n\n
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7. Purchasing manager:<\/span><\/h3>\n\n\n\n
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8. Customer service supervisor<\/strong><\/span><\/h3>\n\n\n\n
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9. Customer service manager<\/span><\/h3>\n\n\n\n
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10. Retail account manager<\/span><\/h3>\n\n\n\n
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11. Store manager<\/span><\/h3>\n\n\n\n
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12. General manager<\/span><\/h3>\n\n\n\n
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13. Regional manager<\/span><\/h3>\n\n\n\n
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14. Sales associate<\/span><\/h3>\n\n\n\n
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15. Retail franchise owner<\/span><\/h3>\n\n\n\n
FREQUENTLY ASKED QUESTIONS ON HIGHEST-PAID RETAIL JOBS<\/strong><\/span><\/h2>\n\n\n\n
Loss prevention and security
Customer services
Online retails
Visual management
Merchandising and allocation
Warehouse, distributions and logistics
Retail management<\/p> <\/div>
Search for vacancies
Figure out what your prospective employer wants
Work on your resume
Write a cover letter
Get ready for an interview<\/p> <\/div>
<\/strong>
Morrisons
GAP
Walmart
E-bay
Amazon
Marks & Spencer
Shop direct
Nike
Adidas<\/p> <\/div>
High school diploma or a college degree
English language proficiency
Strong interpersonal skills
Multitasking
A friendly and energetic vibe
Yes, most high-paying jobs do require university qualifications but you can start from the entry-level and work your way up the ladder with as little as a high school diploma<\/p> <\/div>
Pros<\/strong>\u00a0
Physical activity
Merchandise discount
Interpersonal communication
Overcome social anxiety
Room for growth
Cons<\/strong>
Weekend and holiday work
Indoor environment
High turnover<\/p> <\/div> <\/div>\n\n\n\nConclusion<\/span><\/h2>\n\n\n\n
References<\/span><\/h2>\n\n\n\n
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Recommendations<\/span><\/h2>\n\n\n\n
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