Some Walmart managers make over $600K

Certain Walmart executives are getting a raise, pushing their total compensation, including stock grants and bonuses, to well over $600,000.

The nation’s largest private employer is raising the salary range for its market managers, who oversee store managers at about a dozen locations, from $130,000-$260,000 to $160,000-$260,000. However, Walmart said the majority of its 440 market managers across the U.S. already fall within the new salary range.

The company is also raising its annual stock grant from $75,000 to $100,000 and increasing its bonus potential to up to 100% of their salary. This is up from 90 per cent.

All told, that’s about $620,000.

WALMART CHANGES TITLES, PAY STRUCTURE FOR COMPANY STAFF

“Walmart is increasing the base salary, bonus opportunities and annual stock awards for our market managers,” Walmart said in a statement, adding that the role is “key to our business and to serving our customers no matter how they shop.”

An employee collects shopping baskets at Walmart in Burbank, California, on July 22, 2020. (Robyn Beck/AFP via Getty Images/Getty Images)

The changes will take effect at the start of fiscal year 2026, meaning 100% bonus potential will be reflected in their payout in March 2025. Employees will also receive the $100,000 stock grant in April 2025, according to Walmart.

This is the latest in a series of investments the company has made in its hourly and salaried roles that began in 2015. It also comes after a solid increase in wages and strong growth in retail sales in December as US employers hired more workers in a generally tight labor market.

HOW WALMART WINS WITH HIGHER INCOME SHOPPERS

Earlier this week, the company announced that US store managers would get a raise in February.

This is the latest in a series of investments the company has made in its hourly and salaried roles that began in 2015. (Patrick T. Fallon/Bloomberg via Getty Images/Getty Images)

From February 1, the current average salary for store managers of $117,000 will be raised to $128,000, the retail giant said. In addition, the annual bonus can be as high as 200% of base salary if executives meet certain goals and profit metrics.

The company also launched a new bonus program for hourly store employees.

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Effective February 1, the current average store manager salary of $117,000 will increase to $128,000. (Michael Ciaglo/Getty Images/Getty Images)

Walmart’s minimum wage across the company is $14 an hour, although starting wages can be as high as $19 an hour depending on store location.

FOX Business’ Chris Pandolfo contributed to this report.