Store owner vs manager

The differences between store owners and managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a store owner and a manager. Additionally, a store owner has an average salary of $60,283, which is higher than the $58,651 average annual salary of a manager.

The top three skills for a store owner include customer service, product knowledge and payroll. The most important skills for a manager are customer service, payroll, and food safety.

Store owner vs manager overview

	Store Owner	Manager
Yearly salary	$60,283	$58,651
Hourly rate	$28.98	$28.20
Growth rate	6%	6%
Number of jobs	189,283	1,236,194
Job satisfaction	-	4.57
Most common degree	Bachelor's Degree, 50%	Bachelor's Degree, 49%
Average age	44	44
Years of experience	6	6

Store owner vs manager salary

Store owners and managers have different pay scales, as shown below.

	Store Owner	Manager
Average salary	$60,283	$58,651
Salary range	Between $38,000 And $94,000	Between $37,000 And $92,000
Highest paying City	-	-
Highest paying state	-	New Jersey
Best paying company	-	-
Best paying industry	-	Finance

Differences between store owner and manager education

There are a few differences between a store owner and a manager in terms of educational background:

	Store Owner	Manager
Most common degree	Bachelor's Degree, 50%	Bachelor's Degree, 49%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Store owner vs manager demographics

Here are the differences between store owners' and managers' demographics:

	Store Owner	Manager
Average age	44	44
Gender ratio	Male, 49.6% Female, 50.4%	Male, 51.0% Female, 49.0%
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, 6.3% Unknown, 4.3% Hispanic or Latino, 15.5% Asian, 6.4% White, 67.0% American Indian and Alaska Native, 0.5%
LGBT Percentage	10%	10%

Differences between store owner and manager duties and responsibilities

Store owner example responsibilities.

Manage employees, order supplies, stock, quick books POS
Manage own store, selling wide variety of products such as groceries and household items.
Train and develop to manage multi-unit operations.
Prepare payroll accounts and reconcile bank statements.
Initiate and implement computer base payroll system.
Deliver comprehensive team training in POS software and facilitate system maintenance.

Manager example responsibilities.

Manage both BOH and FOH operations exceeding company specifications.
Manage logistics and security for high net worth individuals and corporations.
Manage budgets and payroll records, review financial transactions to assure expenditures are authorize and budget.
Guide and manage the administrative day-to-day academic program and the implementation of strategies by providing leadership to faculty and staff.
Provide leadership and direction to facility management and program owners while motivating and interacting with employees to achieve continuous improvement.
Customer-Orient with experience with POS systems, food preparation and safety regulations.

Store owner vs manager skills

Common store owner skills

Customer Service, 26%
Product Knowledge, 12%
Payroll, 10%
Store Merchandise, 6%
Inventory Control, 4%
Retail Store, 4%

Common manager skills

Customer Service, 19%
Payroll, 9%
Food Safety, 8%
Financial Statements, 4%
Management, 4%
PowerPoint, 4%