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The differences between owner/managers and store managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both an owner/manager and a store manager. Additionally, an owner/manager has an average salary of $75,822, which is higher than the $46,950 average annual salary of a store manager.
The top three skills for an owner/manager include financial statements, inventory control and customer service. The most important skills for a store manager are store management, retail store, and customer service.
| Owner/Manager | Store Manager | |
| Yearly salary | $75,822 | $46,950 |
| Hourly rate | $36.45 | $22.57 |
| Growth rate | 6% | 6% |
| Number of jobs | 303,790 | 446,127 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 48% |
| Average age | 44 | 44 |
| Years of experience | 6 | 6 |
Owners/managers are responsible for establishing a business and managing the operations once the business is running. They plan and make sure that the company has adequate financing. They also handle the initial marketing to get customers. Owners/mangers handle human resources activities, such as hiring and training employees. Once the business has launched, they start delegating activities to other employees and may also start assigning leaders to different departments. However, they still oversee the whole operation. Owners/managers are the top decision-makers and ensure that business strategies align with the goals.
A store manager is responsible for monitoring the daily operations, making sure of its smooth and efficient performance with the best services provided to the customers. Store managers' duty also includes tracking the budget of the store to ensure that all expenses are meeting the sales goals. A store manager must also be able to plan and share strategies to boost sales performance and provide the needed support for the employees by communicating with them regularly, listening on suggestions, and taking necessary actions for complaints as required.
Owner/managers and store managers have different pay scales, as shown below.
| Owner/Manager | Store Manager | |
| Average salary | $75,822 | $46,950 |
| Salary range | Between $44,000 And $129,000 | Between $30,000 And $73,000 |
| Highest paying City | - | Washington, DC |
| Highest paying state | - | Delaware |
| Best paying company | - | Meta |
| Best paying industry | - | Manufacturing |
There are a few differences between an owner/manager and a store manager in terms of educational background:
| Owner/Manager | Store Manager | |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 48% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between owner/managers' and store managers' demographics:
| Owner/Manager | Store Manager | |
| Average age | 44 | 44 |
| Gender ratio | Male, 59.0% Female, 41.0% | Male, 51.2% Female, 48.8% |
| Race ratio | Black or African American, 6.1% Unknown, 4.3% Hispanic or Latino, 15.0% Asian, 6.3% White, 67.7% American Indian and Alaska Native, 0.5% | Black or African American, 6.1% Unknown, 4.3% Hispanic or Latino, 15.1% Asian, 6.3% White, 67.6% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 10% |