How Much Do General Managers Make?
Having a clear understanding of earnings potential is important, especially if you are researching career paths or considering changing jobs. If you're one of those people, and you're curious what kind of salary general managers make, you've come to the right place.
Using data from Lightcast,™ the Best Adult Colleges and Careers Guide has compiled rich information about salary for general managers and related jobs, including details about average compensation, salary trends and job growth. We've also gathered advertised salaries from actual job postings to provide insight into what employers of general managers are offering as compensation.
Keep reading to learn more about how much general managers can expect to make in the United States.
At a Glance: Salary & Jobs for General Managers
According to data from 2023, there were about 221,982 positions for general managers in the United States. In terms of salary, the national median salary for general managers was reported to be $206,690. Additionally, when examining job demand, employers across the country posted 77,049 job postings related to positions for general managers.
How Much Money Do General Managers Make?
Median salary is just one data point. To build a better understanding of how much money general managers and related positions can expect to make in the United States, it can be helpful to look at the full range of compensation for those jobs.
Let's look more deeply at data that was reported to the U.S. Bureau of Labor Statistics (BLS) for detail into the lowest and highest salary earnings for general managers.
Annual Salary for General Managers
According to the BLS, the lowest earners for general managers and related professions earned about $79,997 per year in 2023. Meanwhile, at the other end of the spectrum, the highest earners made about $455,039 annually.
As mentioned previously, the median salary for general managers in the United States in 2023 was $206,690.
Annual Salary Range For General Managers In 2023
Hourly Salary for General Managers
The BLS also breaks down compensation for general managers by hourly salary, and the median average hourly pay for general managers in 2023 was $99. Lowest hourly earners took home $38 while the highest reported hourly salaries for general managers was $219.
Hourly Salary Range For General Managers In 2023
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Advertised Compensation for General Managers
Data from the BLS is one way to dig into compensation for general managers, but another way to build a more real-time understanding of salary is to look at actual job postings and see what compensation organizations are currently providing to fill open positions for general managers.
Keep in mind that salary data is not included in every job posting, so the information compiled here is reflective of the data available through Lightcast.™
Annual Salary from Job Postings for General Managers
Advertised Annual Salary
During a review of 83,738 job postings related to general managers, advertised salary was included in 29,610 of them, which was 35%. Based on those postings, the median advertised salary for general managers was $95,104 per year.
Hourly Salary from Job Postings for General Managers
Advertised Hourly Salary
A similar analysis of job postings provides insight into advertised hourly salary for general managers. Based on 38% of postings with advertised compensation, the median hourly salary for open positions for general managers in the United States is about $46.
Salary Trend for General Managers
If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for general managers. The chart below provides a snapshot of advertised salaries over the past three years.
Based on compensation data that was included in job postings for general managers dating back to September 2020, advertised salaries for general managers have increased 27%.
Advertised Wage Trend For General Managers
What's the Job Growth for General Managers?
Another data point that someone thinking about a career path should consider is whether or not jobs are expected to see growth in the future. The chart below looks at projected employment for general managers over the next 10 years.
According to the data obtained through Lightcast,™ there were 222,050 jobs for general managers in the United States in 2023. By 2033, it is expected that about 7,879 jobs will be removed. That's a 3.5% decrease over the next 10-year period.
Employment Projections For General Managers
Additional Links
Ready to dig deeper into career information about general managers? Visit our other pages focused on salary and education for general managers.
What do general managers do?
General Managers: How do you become one?
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