Your Hospitality Management Salary can vary largely dependent on exactly what area of Hospitality Management you might be in.
Below we will go into a few of the various areas in the field and talk about how each could make a rather large impact on your livelihood.
THEN below we will give you our top tip that could potentially double your salary nearly immediately without any additional experience and could continue to do so for you for your entire career. Yes we said this tip does not involve you having any more experience than you would normally have at any stage in your career. This is by far the most overlooked and underused Hospitality Management Salary practice out there.
There are a wide variety of jobs within the Hospitality Management arena. You will not have any problems whatsoever finding an area that you would like to specialize in and pursue. The Hospitality Management salaries however do vary between the many job titles so we will now give you a few of the more popular job titles and their salaries. Our data is derived from responding to ads all over the country and seeing what is really being offered in local areas and what skill level is needed to get them.
Restaurant Manager: there were 3 ads that we averaged in the highest paying cities offering as much as $67,000 to start. In the lowest paying cities (we won’t name them out of respect for their residents) the average of the 3 lowest ads we found were offering $29,000. Please keep on mind that our criteria did not include fast food establishments.
Hotel Manager: we found the top three average ads were offering just at $130,000 and the lowest three ads averaged $48,000. Please keep in mind that none of the hotel chains or single establishments had known star ratings below 3 (I.E. they were all 3 star minimum).
Food and Beverage Director: the average of the top three ads we found in the highest paying cites or states came in at $34,000. The highest 3 offerings were believe it or not right at just over $111,000. As you can see this is a huge disparity and we will get to our top tip below and tell you how you can take advantage of this huge gap to potentially improve your Hospitality salary very quickly.
Let’s take the case of the Food and Beverage Director as an example. After their Hospitality Management school program was finished and they entered the work place what do you think the single biggest factor was for deciding how much they were going to make?
It wasn’t that they might have had some extra certificate or maybe graduated with honors although those things certainly do help. Believe it or not it was their location. Here is your top tip to help increases your pay: If you want to make more money… move! Look at it this way; if you worked at your job for 30 years in the lowest pay range city we found you would have possibly made about $1,200,000. However if you worked in an area where they paid the highest you would have potentially made about $3,330,000. Or in other words you could have potentially made well in excess of 2 million dollars more over the course of those 30 year.
Now, you simply need to check into every single possibility online to dramatically cut down on your time expenditure to find the right training and other types of Hospitality Management schools. Then you can begin to think about your geographical pay raise.
We wish you the very best in your new career.