How much does a Michael's store manager make?

Answer 1

i was a store manager for 4 years and an assistant manager for 2. SM's make between 45K and60K. Assitant managers make between 35K and 40K. SM's have a bonus potential of 40% of salary. ASM's have a bonus potential of 15% of salary. The money is quite good, but be wary. The company basically owns you and is getting very strict with their "ethics" policies (read: they're firing tenured SM's and ASM's for negligible reasons in order to reign in newer, cheaper managers). Also, know up front that the company is in trouble. If you want more info, go to the company website, click on corp. info and listen to the 2008 end of year conference call. A little inside info, the call cited "liquidity" as a concern due to inflated inventory. Well, right around the time of the call, the company ordered every store to stock every possible box of overstock in their buildings and physically count/report how many boxes that they eliminated to their Districy Manager. They also deffered comment on a number of questions raised during the call. Believe me, they have all of the numbers in front of them on these calls. They opted not to answer as to not raise a flag. Michaels Stores Inc saw a decade of amazing growth in the 90's and into the 2000's. However, upon the retirement of our then President Michael Rouleau and later CEO Ed Sadler, the company's new management has performed quite poorly in their execution of new initiatives. They have foceused solely on 1) Customer preferences and 2) Corporate branding. Ordinarliy this is a positive change. Unfortunately, it has become Michaels' sole focus. So much attention has been placed on the "data" about the customers and the analysis of it that the customer is no longer the focus. The data is and the dollars are. 16 years ago, I started with Micheals as a cashier/sales associate. I worked up through the ranks. I loved working there (hence the long term span). However, it's not the cpmany it was back then. They preach "creativity, inspiration, blah, blah, blah". They're just looking for your money. Which, as a business, I fully understand their mindset. However, their idea of empowering their associates is by a mass elimination of jobs (not mine, but I'm not there anymore). This year they got rid of all non-essential full time positions at their stores. Granted, the economy dictated it, but the how is it best for the customers to have fewer employees there to help them because of mass eliminations? How is it better for the customers when the company instructs the store managers to slash the payroll budget yet at the same time provide "excellent" customer service? While I'm well aware that 1) I'm only one former employee and 2) Economics dictate a decreased service level, it strikes me as relevant that Michaels has made the choices they have. It strikes me as relevant that they are reducing their staff yet preaching service as the paramount goal (essentially, talking out of both sides of their mouths). Long tirade short, yes Michaels pays a decent salary, but you'll find yourself becoming numb quickly. I'm an art major. I worked in an Arts and Crafts store. Seems like a perfect fit, right? Well after 16 years of working for them, I can honestly say that the best day I had with them was the day I left. Don't take this as a deterrent, simply make sure that you know...Michaels is not a craft store, it's a corporation.

Answer 2

The average Michaels store manager will make 45,000 dollars per year. This will increase significantly if you take on more than 1 store.