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Closing manager vs assistant manager retail

The differences between closing managers and assistant managers retail can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a closing manager and an assistant manager retail. Additionally, a closing manager has an average salary of $60,249, which is higher than the $32,861 average annual salary of an assistant manager retail.

The top three skills for a closing manager include customer service, cleanliness and escrow. The most important skills for an assistant manager retail are customer service, retail management, and retail store.

Closing manager vs assistant manager retail overview

Closing ManagerAssistant Manager Retail
Yearly salary$60,249$32,861
Hourly rate$28.97$15.80
Growth rate6%6%
Number of jobs107,728356,646
Job satisfaction--
Most common degreeBachelor's Degree, 42%Bachelor's Degree, 45%
Average age4343
Years of experience66

What does a closing manager do?

A Closing Manager communicates and interacts with performance teams, Quality Review teams, and other managers to ensure staffing needs match the profit, loss, and capacity plan. They confirm that all team members meet the required work expectation quality. In addition to setting and managing production and work quality expectations, Closing Managers also use positive reinforcement, recognition, and team building activities to encourage and lead staff to success. They also control and send daily production email messages with current production issues, production tips, and more.

What does an assistant manager retail do?

An assistant retail manager is responsible for monitoring daily store operations, managing and delegating staff's tasks, and ensuring the cleanliness and orderliness of the store's facilities. Assistant retail managers supervise the adequacy of the store's inventory, create purchase requests, and inspect store displays. They also assist customers with their inquiries and concerns, resolve complaints, and process item replacements and refunds as needed. An assistant retail manager must have excellent communication and organizational skills, especially in maintaining the overall store performance to reach sales goals and objectives.

Closing manager vs assistant manager retail salary

Closing managers and assistant managers retail have different pay scales, as shown below.

Closing ManagerAssistant Manager Retail
Average salary$60,249$32,861
Salary rangeBetween $33,000 And $108,000Between $26,000 And $40,000
Highest paying CityNew York, NYKnoxville, TN
Highest paying stateRhode IslandRhode Island
Best paying companyBetterWhitney Museum of American Art
Best paying industry-Manufacturing

Differences between closing manager and assistant manager retail education

There are a few differences between a closing manager and an assistant manager retail in terms of educational background:

Closing ManagerAssistant Manager Retail
Most common degreeBachelor's Degree, 42%Bachelor's Degree, 45%
Most common majorBusinessBusiness
Most common collegeSUNY College of Technology at DelhiSUNY College of Technology at Delhi

Closing manager vs assistant manager retail demographics

Here are the differences between closing managers' and assistant managers retail' demographics:

Closing ManagerAssistant Manager Retail
Average age4343
Gender ratioMale, 47.0% Female, 53.0%Male, 39.0% Female, 61.0%
Race ratioBlack or African American, 9.4% Unknown, 4.7% Hispanic or Latino, 16.9% Asian, 6.4% White, 61.9% American Indian and Alaska Native, 0.7%Black or African American, 8.4% Unknown, 4.6% Hispanic or Latino, 17.7% Asian, 6.9% White, 61.7% American Indian and Alaska Native, 0.7%
LGBT Percentage9%9%

Differences between closing manager and assistant manager retail duties and responsibilities

Closing manager example responsibilities.

  • Manage shipping and delivering loans to FNMA.
  • Manage MERS registration of new loans, all transfers after purchase and QC for MERS.
  • Manage escrow and title operations staff and organize responsibilities.
  • Company originated/sold loans under guidelines of FNMA, FHLMC, FHA, VA, USDA and state bond programs.
  • Work closely with the on-site FNMA account managers.
  • Review in house originate residential loans for RESPA compliance.
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Assistant manager retail example responsibilities.

  • Manage the day-to-day operation of tourist boutique merchandising and selling jewelry, souvenirs and eclectic artwork.
  • Review of monthly financial reports, budget analysis, loss prevention, payroll expenses and compliance with federal and state regulations.
  • Maintain optimal customer service while facilitating sales of name brand/high end jewelry.
  • Conduct group/individual reading, math and science activities.
  • Participate in fundraiser, local charity pet projects, and philanthropy events.
  • Work the wine tasting area and provide any information for any of the wines.
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Closing manager vs assistant manager retail skills

Common closing manager skills
  • Customer Service, 22%
  • Cleanliness, 16%
  • Escrow, 4%
  • Performance Reviews, 3%
  • Food Quality, 3%
  • POS, 3%
Common assistant manager retail skills
  • Customer Service, 14%
  • Retail Management, 12%
  • Retail Store, 10%
  • POS, 6%
  • Inventory Control, 5%
  • Cleanliness, 5%