Walmart says managers can now earn up to $400,000 a year — no college degree needed

Walmart said its store managers can now earn up to $400,000 annually, with the company announcing on Monday that it will give $20,000 in stock grants each year to Supercenter managers. 

"We ask our managers to own their roles and act like owners — and now, they'll literally be owners," said Walmart U.S. CEO John Furner in a video posted to LinkedIn. 

Managers of Walmart Supercenters will receive $20,000 annually beginning in April, Furner added. The move to provide stock  comes as the retailing giant recently boosted the average base pay for managers to $128,000, up 9% from $117,000 per year in 2023.