Department Store Manager, CEO salary

Occupational Profile: Store Manager and Chief Executive Officer (CEO)

Leading a department store or a company requires a broad expertise in both leadership and business management. Store managers and chief executive officers (CEOs) are two top executive positions that play a crucial role in the success of the company.

What do the roles entail?

A store manager is responsible for the daily operations of a department store, including everything from staff management to strategic planning and budget management. Their task is to ensure that the store operates efficiently and profitably. On the other hand, a CEO, or chief executive officer, is ultimately responsible for a company's overall operations and strategic direction. This position often involves working closely with the board to establish and implement the company's long-term goals.

Salary and Financial Considerations

According to the latest data, the average salary for a store manager or CEO is 90 100 SEK per month. Gender pay disparities are evident, with men earning an average of 92 100 SEK, while women have a lower average salary of 82 000 SEK, meaning that women earn 89% of what men do. There has been an increase from the previous year's average salary of 87 300 SEK, indicating a positive trend in the profession.

Education and Qualifications

To become a store manager or CEO, a higher education degree in economics, business administration, or equivalent is usually required. Many also have further education such as an MBA (Master of Business Administration) or similar. Experience in the industry and previous leadership positions are typically prerequisites for these roles.

Key Traits and Skills

In addition to formal education, strong leadership skills, the ability to think strategically and handle complex problems are required. Communication and interpersonal skills are also crucial to lead and motivate staff, as well as negotiate successfully with business partners and stakeholders.

Additional Benefits

In addition to salary, positions as store managers and CEOs may include additional benefits such as paid further education, company car, paid mobile phone, and performance-based bonuses. These benefits are designed to attract and retain highly qualified leaders within the company.

What to Consider?

Those considering a career as a store manager or CEO should be prepared for a demanding job with high expectations. The role often requires long working hours and the ability to handle stressful situations. It is also important to continuously stay updated on industry-specific knowledge and economic trends to make well-informed decisions.

Summary

Being a store manager or CEO is both challenging and rewarding, with opportunities for good financial rewards and career advancement. With the right education, experience, and qualities, one can achieve success and make a significant impact on the company's success.