The top 10 percent of all restaurant managers earned salaries of more than $81,400 per year, according to a May 2011 Bureau of Labor Statistics' report. These managers may be more experienced on average and work in areas that typically pay higher salaries. The salaries may also vary depending on the types of restaurants these professionals run. Whatever the case, there are certain skills and educational requirements individuals need for this particular field.
Experience & Training:
Restaurant managers are usually required to have high school diplomas. Owners and corporate restaurants also prefer that their managers have one to five years of experience. Some of these professionals advance through the ranks as crew persons, shift and assistant managers. Other restaurant managers are recruited on more of a fast track, where they attend corporate training before learning restaurant operations. These fast-track managers often have college degrees. Manager trainees then work with experienced restaurant managers until they acquire the necessary skills to run their own units. These skills include learning the opening and closing procedures for the restaurant, being familiar with employee training procedures and becoming proficient in creating financial reports from the computer. Restaurant managers also have excellent communication and leadership skills.
Salary & Benefits:
Restaurant managers earned an average salary of $52,620 per year, according to May 2011 data from the Bureau of Labor Statistics. This equates to approximately $25.30 per hour. The median salary for these workers was $48,110 per year or $23.13 per hour. Median salaries are those that appear in the middle of salary lists. The middle half of all restaurant managers made between $38,090 and $62,490 per year. The bottom 10 percent made less than $30,570 per year. Most restaurant managers can expect to receive benefits such as paid vacations, health and life insurance. They may also receive bonuses if they meet their sales and profit goals.
A restaurant manager's salary can vary significantly by region. Those in Delaware earned the highest average salaries of $73,330 per year, according to May 2011 data from the Bureau of Labor Statistics. Restaurant managers earned the second highest annual salaries in the state of Washington at $73,330. And those working in Nevada averaged $68,490 annually. These workers made salaries below the national average in Maine and Tennessee at $51,100 and $41,650 per year, respectively.
There are approximately 320,600 people working as restaurant or food service managers in the United States, according to the latest Bureau of Labor Statistics' data. This number is expected to decline by 3 percent between 2010 and 2020, resulting in 10,600 fewer positions. Those who aspire to work as restaurant managers should get experience working in the types of restaurants they desire. Individuals may also improve their chances of securing work in this field by earning a bachelors degree in business or management.