If you’re looking for a career with excellent growth potential that doesn’t require a four-year college degree, look no further than a position as a hotel general manager. According to the Bureau of Labor Statistics, ‘lodging managers,’ including hotel general managers, held 51,400 jobs in the U.S. in 2010. That number is expected to grow a minimum of eight percent by 2020. And many of these opportunities will require little more than experience in the hospitality industry.
The pay isn’t bad, either. Here are fifteen statistics on hotel general manager compensation culled from the Bureau of Labor Statistics, Hcareers.com and several online pay aggregating websites.
1. Average salary range for a hotel general manager: $29,277 - $106,174
2. Median salary for a hotel general manager: $51,782
3. Average salary range for hotel management jobs posted on Hcareers.com: $25,000 - $120,000
4. Percentage of hotel general managers earning less than $74,000: 75 percent
5. Percentage of hotel general managers earning more than $110,000: 10 percent
6. Average salary range for a female hotel general manager: $27,365 - $76,469
7. Average salary range for a male hotel general manager: $33,623 - $102,629
8. Average salary range for a hotel general manager with less than one year of experience: $25,269 - $67,370
9. Years of experience required to earn the highest hotel general manager salaries: 20 years
10. Average salary range for a hotel general manager at an establishment with 50 to 199 employees: $34,955 - $94,690
11. Three cities with the highest hotel general manager salaries: New York, Chicago, Miami
12. Three states with the highest hotel general manager salaries: New York, Florida, California
13. Three degrees with the highest hotel general manager salaries: BS Business, BA Hospitality Management, BA Business Management
14. Average annual bonus earned by a hotel general manager with five to nine years of experience: $3,963
15. Average annual bonus earned by a hotel general manager with 20 or more years of experience: $9,836
Whether you’re looking for your first position or the next rung on your personal career ladder, start your search at Hcareers.com where you’ll find more than 475 posted hotel management jobs at some of the best establishments in the nation.
Source : http://www.hcareers.com/us/resourcecenter/tabid/306/articleid/1245/default.aspx
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