Best Buy overview

Best Buy Co., Inc. is an American multinational consumer electronics retailer headquartered in Richfield, Minnesota. It was originally founded by Richard M. Schulze and James Wheeler in 1966 as an audio specialty store called Sound of Music.
The staff at Best Buy come from unusually diverse demographic backgrounds. The company is 32.5% female and 40.5% ethnic minorities. Even though it has great demographic diversity, Best Buy notably lacks in political diversity. It has an unusually high proportion of employees who are members of the Democratic Party, at 69.3%. Despite having coworkers who agree with each other about politics, employees at Best Buy tend to have relatively short tenures. Staff members usually stay with the company for 2.2 years. The average employee at Best Buy makes $61,949 per year. Pay at Best Buy is significantly lower than some of its highest paying competitors, like Apple, Dell, and HP, which pay $103,599, $94,992, and $88,383, respectively.
Best Buy is an industry leader with 125,000 employees and an annual revenue of $39.9B that is headquartered in Minnesota.

The Organization’s Mission

Our formula is simple: we 're a growth company focused on better solving the unmet needs of our customers-and we rely on our employees to solve those puzzles. Thanks for stopping.

Industry

Consumer Electronics

Revenue

$39.9B

Employees

125,000

Founded in

1966

Headquarters

Richfield, MN

Website

bestbuy.com

Organization Type

Public

Is This Your Company?

The team at Best Buy

Key People
  • Corie Barry (ceo)

The Culture At Best Buy

Information provided by the company
At Best Buy our mission is to leverage the unique talents and passions of our employees to inspire, delight, and enrich the lives our customers through technology and all its possibilities. If you have a passion and curiosity for what is possible and enjoy people, we invite you to join us on this mission.
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Our mission is to help people pursue their passions and enriches lives through technology. Thanks to our "Renew Blue" initiative, Best Buy has made incredible progress in the last five years, and we're just getting started.
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We believe that our company's success depends on the passion and creativity of our amazing employees. To create environments in which our people can fully thrive, we turn to our guiding behaviors: .
Be part of a team that puts people before all else and accounts for what comes next.
If you have a passion and curiosity for what is possible and enjoy people, we invite you to join us on this mission.

Best Buy Reviews

Zippia Official Logo

5.0

Zippia UserMay 2020

5.0

Zippia Official LogoZippia UserMay 2020

What Do You Like About Working There?

With technology consistently changing there was always an opportunity to learn something new, and helping the customer with the best solution.
Zippia Official Logo

4.0

Zippia UserMay 2020

4.0

Zippia Official LogoZippia UserMay 2020

What Do You Like About Working There?

Team members, benefits, troubleshooting technology Show More

What DON'T You Like About Working There?

Customer service aspect Show More

What Are Your Favorite Benefits/Perks?

Employee discount Show More
Zippia Official Logo

4.0

Zippia UserMay 2020

4.0

Zippia Official LogoZippia UserMay 2020

What Do You Like About Working There?

Good benefits Show More

What DON'T You Like About Working There?

Management isnt that great. Their is a lot of favoritism, and they don't seem to care about your personal problems. Also, if you report a higher up for doing something wrong "even if you report them anonymously" the manager finds out who reported them and confronts them about it, usually in a negative maner. Show More

What Are Your Favorite Benefits/Perks?

Good work/life balance Show More
Zippia Official Logo

5.0

Zippia UserMarch 2020

5.0

Zippia Official LogoZippia UserMarch 2020

What Do You Like About Working There?

Team work and positive attitude of management and employees Show More

What DON'T You Like About Working There?

Pay Show More

What Are Your Favorite Benefits/Perks?

Discount on merchandise for employees Show More
Zippia Official Logo

5.0

Zippia UserMarch 2020

5.0

Zippia Official LogoZippia UserMarch 2020

What Do You Like About Working There?

learned something new everyday Show More

What DON'T You Like About Working There?

same things over and over Show More

What Are Your Favorite Benefits/Perks?

hardworking, no one will out work me. Show More
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Best Buy Rankings

Best Buy is ranked #80 on the Best Technology Companies to Work For in America list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

Read more about how we rank companies.

Best Buy Salaries

How much does Best Buy pay?
The national average salary for a Best Buy employee in the United States is $61,949 per year. Employees in the top 10 percent can make over $121,000 per year, while employees at the bottom 10 percent earn less than $31,000 per year.
9.3
Salary Score
Average Employee Earnings

Best Buy Salaries By Job Title

The average employee at Best Buy earns a yearly salary of $61,949 per year, but different jobs can earn drastically different salaries. The higher paying positions at Best Buy include Asset Protection Associate, Office Lead, Operation Supervisor, and Senior Operator. A typical Asset Protection Associate salary at Best Buy is $123,358. Some of the other roles at Best Buy are Cashier and Warehouse Worker. A worker with the title Cashier at Best Buy earns an average salary of $30,132 per year.

Best Buy careers

On average, employees at Best Buy stay with the company for 2.2 years. Employees most commonly join Best Buy after leaving Walmart. When they leave Best Buy, they most frequently get their next job at Walmart.

Average Length of Employment
Staples2.4 years
Lowe's2.3 years

Best Buy

2.2 years
Apple2.0 years
Top Employers Before Best Buy
Walmart16.4 %
Target9.0 %
Show More
Top Employers After Best Buy
Walmart10.0 %
AT&T9.2 %
Target6.8 %
Show More
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Help us make this company more transparent.

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Best Buy Financial Performance

9.9
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

> $1B

Founded in

1966

Organization type

Public

How Would You Rate The Company Culture Of Best Buy?

Have you worked at Best Buy? Help other job seekers by rating Best Buy.

Best Buy Subsidiaries

Subsidiaries to Best Buy include GreatCall. Employees at the parent company, Best Buy, earn $61,949 whereas employees at GreatCall earn $37,472, on average.
Company
Average Salary

Best Buy Competitors

Based on our research, similar companies to Best Buy are Apple, Dell, and HP. The average salaries at Apple rank the highest, with their employees earning an average salary of $103,599 per year. Employees at Dell earn an average of $94,992 per year, and the employees at HP earn an average salary of $88,383 per year.
Company
Average Salary
$103,599
$104k
$94,992
$95k
$88,383
$88k
$84,673
$85k
$47,224
$47k
$44,668
$45k
$44,553
$45k
$42,036
$42k

Frequently Asked Questions about Best Buy

When was Best Buy founded?

Best Buy was founded in 1966.

How many Employees does Best Buy have?

Best Buy has 125,000 employees.

How much money does Best Buy make?

Best Buy generates $39.9B in revenue.

What industry is Best Buy in?

Best Buy is in the consumer electronics industry.

What is Best Buy's mission?

Best Buy's mission statement is "Our formula is simple: we 're a growth company focused on better solving the unmet needs of our customers-and we rely on our employees to solve those puzzles. Thanks for stopping."

What type of company is Best Buy?

Best Buy is a public company.

Who are Best Buy's competitors?

Best Buy competitors include Apple, Staples, Lowe's, Target, Walmart, The Home Depot, Costco Wholesale, Xerox, Amazon, H. H. Gregg, Fry's Electronics, GreatCall, Dell, Sears Holdings, Macy's, HP, J. C. Penney, Kohl's, General Dynamics, IBM.

Who works at Best Buy?

Corie Barry (ceo)

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You can find out what it is like to work at Best Buy, also known as BEST BUY CO INC, Best Buy, Best Buy Co Inc, Best Buy Co., Inc. and best buy geek squad.

Zippia gives an in-depth look into the details of Best Buy, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Best Buy. The employee data is based on information from people who have self-reported their past or current employments at Best Buy. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions, or for the results obtained from the use of this information. The data presented on this page does not represent the view of Best Buy and its employees or that of Zippia.