Best Buy specializes in selling consumer electronics, including electrical appliances, mobiles, computers, and more. The company started doing business in the 2000s, and now it has over 1,159 stores worldwide.
According to the Bureau of Labor Statistics, if we look at the average salary/hour in the merchandising retailer business, it comes out to be $13.
Therefore, if you are seeking employment in the merchandising sector, then Best Buy could have some job opportunities for you. So, keep reading to know more!
How Much Does Best Buy Pay?
An entry-level sales associate at Best Buy Makes $12.56 on average. Best Buy warehouse worker earns an average of $15.24/hour, and a delivery helper earns $17.12/hour.
Other common job positions like that of a technician or an installer are entitled to $18.20/hour and $17.98/hour, respectively.
|Role||Lowest Pay/Hour($)||Highest Pay/Hour($)||Average Pay/Hour ($)|
Best Buy Wages by Position
At Best Buy, one of the most common positions is an installation technician, who is entitled to a salary of $17.75/hour. Some other job positions include a delivery driver who gets a salary of $16.93/hour.
Below is the comparison of Best Buy’s average pay/hour vs. the national average pay/hour.
|Position||National Average Pay/Hour($)||Average Pay/Hour ($)|
From the comparisons mentioned above, we can find that Best Buy matches the employee pay-outs with the national average. This is a good thing!
Best Buy Highest Paying Job Position
The highest paying job position is that of an associate director of engineering. The entitled salary is around $250k, and with some added benefits and incentives, the salary can reach up to $300k.
Now, coming to the next best paying job position, it is of a senior data engineering manager. The entitled salary is around $200k, and it can reach up to $230k with some incentives and bonuses. Also, the salaries vary from state to state.
Best Buy Wages by State
Like every other company, the pay by the state for Best Buy employees varies to a great extent. This is due to varying living costs, rents, and daily-item costs.
So, below we have mentioned the average state-wise pay/hour salary of Best Buy employees.
|State||Minimum Wage/Hour State-Wise ($)||Average State -Wise-Pay/Hour ($)|
Best Buy Pay Schedule
Best Buy employees get paid bi-weekly, every Friday. The payment is directly transferred to the employee’s bank account. According to indeed.com, employees are very satisfied with their pay-out schemes.
So, apart from the pay-outs, do Best Buy employees get bonuses? Well, let’s find out!
Do Best Buy Employees Get Bonus?
As far as bonuses are concerned, Best Buy has a reputation of giving an average bonus of around $3,622. Also, the bonuses range from $498-10,476 annually.
However, like other companies, bonuses greatly vary for different job positions. For example, an assistant store manager and a senior financial analyst are entitled to high annual bonuses of $10k and 7k, respectively.
But, a sales consultant or a sales associate are entitled to low annual bonuses of $1k and $2k, respectively.
So, in the next section, let’s find out what benefits Best Buy employees get.
Best Buy Employee Benefits
Best Buy offers employee benefits as standard medical insurance and a 401k, comparable to industry standards.
Some of such employee benefits are listed below.
- Employees get a proper 401k which would act as their retirement fund.
- Extensive medical insurance which covers all necessary pre-requisites.
- Employees get a Best Buy employee discount which varies from 20-60%.
- There is a proper stock purchase plan and periodical incentives for employees.
- Employees get paid sick leave, and a paid vacation whenever required.
- Work hours are flexible, with certain recess periods in between.
- Other benefits include life insurance, an employee assistance program, and AD & D insurance.
Benjamin is a certified financial advisor, with over 10 years of experience in the industry. He is knowledgeable about various business and financial topics, such as retirement planning and investment management. Ben has been recognized for his work in the financial planning industry. He has also been featured in various publications.