Best Buy, a specialty electronics retailer, had sales of over $50 billion in 2010, according to data from MarketWatch. Besides the United States, the company does business in Mexico, Canada, China, Turkey and Great Britain. Best Buy employs a number of assistant store managers who help general managers run daily operations in their units. They interview, hire and train sales representatives, and hourly employees like cashiers. They also ensure that their stores stock all the latest electronics products. These retail professionals also oversee the general maintenance of their buildings. Best Buy assistant managers usually earn annual salaries.
Average Salary and Benefits
Best Buy assistant managers earned average annual salaries of $36,000 as of 2011, according to Simply Hired. Their salaries are highly contingent upon experience and the geographical areas in which they work. They may also earn bonuses based on their store's performance. Like all full-time employees, they receive such benefits as medical, dental, vision, life and disability insurance, according to Bestbuy-jobs.com. They can also participate in the company's 401k retirement savings plan. Assistant managers are also eligible for discounts on store products.
Salary by State
Best Buy assistant managers' salaries vary somewhat by location. For example, those in the District of Columbia earned the highest annual salaries, among those listed, at $57,000, according to Simply Hired. Those in Connecticut also earned relatively high salaries — $43,000 annually. These professionals earned closer to average salaries in Ohio, at $35,000 per year. And those in Florida earned slightly less than average, at $33,000 per year. Simply Hired always rounds salary figures up or down to the nearest $1,000.
Assistant managers at Best Buy tend to earn higher salaries in cities with high living costs. For example, those in San Francisco earned the highest annual salaries, among those listed, at $48,000, per Simply Hired. They earned salaries of $45,000 per year in Philadelphia. Other high-paying cities include Boston and New York, where assistant managers earned salaries of $44,000 and $42,000 per year, respectively.
Education and Qualifications
Assistant store managers at Best Buy typically have at least high school diplomas or an equivalent. However, Best Buy usually prefers that its assistant managers have bachelor's degrees in marketing, business management or a related field. Most of these professionals are required to have one or two years of supervisory experience, and one year each in sales and merchandising. Assistant store managers must also have excellent communication and organizational skills and a working knowledge of electronics.