Introduction
Restaurant managers are responsible for overseeing the day-to-day operations of a restaurant. They manage staff, handle customer complaints, develop menus, and ensure that food safety standards are met. So how much money do restaurant managers make? It depends on a variety of factors, including location, experience, education, and the size of the restaurant.
How Much Money Does a Restaurant Manager Make?
According to the Bureau of Labor Statistics (BLS), the median annual wage for restaurant managers in 2018 was $54,240. The lowest 10 percent earned less than $34,000, while the highest 10 percent earned more than $86,000.
Pay Scale
The BLS reports that the lowest 10 percent of restaurant managers earned an average hourly wage of $16.40 in 2018, while the highest 10 percent earned an average hourly wage of $41.50. Salaries also vary by region, with restaurant managers in California earning an average of $70,120, followed by New York ($67,900), Massachusetts ($65,630), and Florida ($60,650).
Factors Impacting Restaurant Manager Salaries
Location is one of the biggest factors affecting restaurant manager salaries. For example, restaurant managers in Los Angeles may earn more than those in smaller cities due to the higher cost of living. Experience is also a major factor, as experienced restaurant managers tend to command higher wages than inexperienced ones.
Education can also play a role in determining a restaurant manager’s salary. Many employers prefer to hire managers who have a degree in hospitality management or a related field. Finally, the size of the restaurant can affect a manager’s salary, as larger restaurants tend to offer higher wages than smaller ones.
Examining the Earning Potential of Restaurant Managers
In addition to base salaries, restaurant managers may be eligible for a variety of benefits and bonuses. These can include health insurance, paid vacation time, and performance-based bonuses. Restaurant managers may also receive tips and gratuities from customers, which can add to their overall income.
Conclusion
The salary of a restaurant manager can vary greatly depending on a variety of factors, including location, experience, education, and the size of the restaurant. On average, restaurant managers earned a median annual wage of $54,240 in 2018, with the lowest 10 percent earning less than $34,000 and the highest 10 percent earning more than $86,000. In addition to base salaries, restaurant managers may be eligible for a variety of benefits and bonuses, as well as tips and gratuities from customers.
With the right combination of skills, experience, and education, restaurant managers can command high salaries and enjoy a variety of benefits and bonuses. Although the job of a restaurant manager can be challenging, it can also be very rewarding.
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