Walmart's multi-store managers can now make up to $620,000

Walmart said it will increase base salary, stock grants, and bonus pay for around 440 market managers who each oversee multiple retail locations.

Jan 23, 2025 - 23:14
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Walmart's multi-store managers can now make up to $620,000
The new Walmart Neighborhood Market in Santa Rosa Beach, Florida.
A Walmart Neighborhood Market in Santa Rosa Beach, Florida.
  • Walmart said it will increase compensation for around 440 market managers starting this year.
  • Top earners could see total compensation of $620,000 in salary, stock grants, and bonus pay.
  • The job is one step up the ladder from store manager, a position that saw big pay bumps last year.

Walmart continues to be a place where a person can earn a hefty annual pay package — without a college degree.

The retail giant said Thursday that, starting this year, it will increase compensation for around 440 market managers, each of whom are responsible for multiple stores in a given area. Walmart has roughly 4,600 US locations.

Under the plan, top earners could see total compensation of more than $600,000 in salary, stock grant, and bonus pay, a spokesperson told BI.

While the salary floor for the job is increasing from $130,000 to $160,000, the spokesperson said the broader impact on compensation for many in the position will be the increased stock grant from $75,000 to $100,000, distributed in April.

In addition, the potential maximum bonus is increasing from 90% to 100% of base pay.

All told, a market manager earning the maximum $260,000 base salary could earn $620,000 starting this year. The Wall Street Journal first reported the news.

The job is one step up the ladder from store manager, a position that saw big pay bumps last year.

Store manager base salaries now range from $90,000 to $170,000, while the total possible bonus is 200% of base pay, and is contingent on store profitability as well as top-line sales.

That role is also eligible for a stock grant of up to $20,000, bringing the total compensation for top-earning store managers to $530,000.

Walmart is also big on hiring from within. The company says three-quarters of its salaried field management team started off in hourly roles.

If you are a Walmart worker who wants to share your perspective, please contact Dominick via email or text/call/Signal at 646.768.4750. Responses will be kept confidential, and Business Insider strongly recommends using a personal email and a non-work device when reaching out

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