Walmart manager pay is increasing to an average $128,000 salary – plus massive bonuses
Published: Jan. 19, 2024 at 11:19 AM CST|Updated: 15 hours ago
(CNN) - For the first time in a long time, Walmart managers are getting a raise.
On Thursday, the retailer issued a statement saying it is increasing managers’ average pay by more than 9%.
That comes out to an average $128,000 salary, up from a $117,000 average.
The pay range for a manager, previously starting at $65,000, will now start at $90,000.
Managers can also bring in more money with bonuses based on store profits. Walmart said if managers “hit all targets,” their bonuses could now be up to 200% of their base salaries.
Walmart said this represents the first adjustment to store managers’ pay scale in more than a decade.
The pay hike goes into effect Feb. 1.
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