Walmart Store Managers Can Make Up to $400,000 With Stock Grants (2024)

FAQs

Walmart Store Managers Can Make Up to $400,000 With Stock Grants? ›

Walmart managers now can make up to $400,000 a year. Walmart is further sweetening the perks for its U.S. store managers as the nation's largest retailer and private employer seeks to retain and attract top workers in a still competitive job market. Annual stock grants to managers will vary by store size.

High-performing Walmart managers now have the ability to earn more than $400,000 a year after the retail giant announced it is offering the ability for some managers to earn $20,000 worth of stock grants starting in April.

Walmart managers can now earn over $400,000 a year, no college required, thanks to stock grants.

Yes, Walmart store managers can now make more than $500,000 a year.

Walmart recently made two significant announcements to get more of its publicly traded shares into the hands of employees. It is offering managers stock grants of up to $20,000 and it announced a 3-1 stock split which the retailer said is being done to make it easier for all workers to buy shares.

Walmart managers now can make up to $400,000 a year. Walmart is further sweetening the perks for its U.S. store managers as the nation's largest retailer and private employer seeks to retain and attract top workers in a still competitive job market. Annual stock grants to managers will vary by store size.

That means a successful manager of a large Walmart store can earn up to $404,000 a year in total compensation. A Walmart spokeswoman declined to share how many managers generally receive their full bonus each year.

This career path is open to almost any Walmart worker, as the store manager position does not always require a college degree. According to the retailer, an employee takes about five years to advance from an entry-level position to a management post.

Walmart pays for program tuition for eligible associates. Walmart also reimburses all required program fees, including books, registration fees, technology fees, required exam fees, inclusive access content fees, required graduation fees, and externship fees for eligible associates.

No college degree needed

On average, it requires about 5 years to move from an entry-level role to management, the company added.

What is the highest salary in Walmart? ›

Walmart Salary FAQs

The average Walmart salary ranges from approximately ₹1.4 Lakhs per year for a Team Member to ₹123.4 Lakhs per year for a Director Engineering. Salary estimates are based on 6.7k Walmart salaries received from various employees of Walmart.

Walmart raised both the base salary range and bonus pay range for store managers in early 2024. Walmart store managers can now make anywhere from $90,000 to over half a million dollars annually in total compensation, including base salary and incentive awards.

The estimated total pay range for a Store Manager at Walmart is $123K–$187K per year, which includes base salary and additional pay. The average Store Manager base salary at Walmart is $109K per year. The average additional pay is $41K per year, which could include cash bonus, stock, commission, profit sharing or tips.

Stock grants are a form of compensation for employees in which an employer gives employees corporate stock in the company as part of an equity plan. Employers issue stock as equity compensation to employees in exchange for non-cash consideration, such as the performance of services.

It's free and you're not obligated to purchase your options

Just because you accepted your stock grant doesn't mean you actually have to purchase your shares. You're not making any kind of financial agreement—rather, you're just agreeing to have the ability to purchase shares of stock in the future.

More than 400,000 employees currently participate in Walmart's Associate Stock Purchase Plan, which allows eligible associates to purchase stock through payroll deductions and provides a 15 percent company match on the first $1,800 each year, Walmart said.

Walmart salaries range between $19,000 a year in the bottom 10th percentile to $50,000 in the top 90th percentile. Walmart pays $15.2 an hour on average.

Nichole Hart, manager of a Walmart store in Waco, Texas, has become a sensation after it was revealed in a report that she makes $240,000 a year from her job at Walmart. Hart has been working at Walmart for over 20 years.