Store manager

Walmart is fast-tracking college grads to store manager jobs that pay $210,000 a year

Retail isn’t always seen as the most attractive career path for college grads, but Walmart hopes to change that by offering new grads a fast track to management and the chance to earn up to $210,000. within two years of joining the company. .

This summer, the largest employer in the United States will pilot a new career program aimed at giving degree holders experience running Walmart stores, it said in a statement Sunday.

Under the “College2Career” program, college graduates or those who graduated within the previous 12 months will be paired with business leaders to learn how to run a Walmart store, he said.

At the end of the program, top performers will be offered a newly created leadership position of “emerging coach” – which comes with a salary of $65,000 – in preparation for a move into store management roles. within two years. The average salary for store managers was $210,000 in 2021, according to the statement.

“We see the emerging role of coaching as an additional pipeline to develop high-potential talent into future store managers,” said Amy Goldfinger, senior vice president of global talent, and Lorraine Stomski, senior vice president of the learning and leadership, in the communiqué.

It usually takes many years for someone starting out in the workshop to be promoted to manager.

Walmart is one of the world’s biggest recruiters, employing more than 2.3 million people globally, including 1.6 million in the United States, but like other companies, it needs to rethink the whole opportunity offered to recruits and existing staff as the so-called ‘big step down’ shows no signs of abating

About 4.5 million Americans quit their jobs in March, according to the Bureau of Labor Statistics, the tenth straight month that quits exceeded four million. The total number of job openings was 11.5 million in the same month, according to the latest BLS Job Openings and Turnover Survey, released in May. Retail trade was among the sectors with the highest number of vacancies.

Under the “College2Career” program, participants will receive a mix of classroom training and hands-on experience at a local store, the statement said. Walmart did not reveal the opening date for applications or the number of positions available.

Walmart did not immediately respond to Insider’s request for additional comment, which was made outside of normal U.S. business hours.