Versace is a world-famous luxury fashion brand that has been around since 1978. The Italian label is known for its bold designs, glamorous fashion shows, and celebrity clientele.
But what about the people who work for Versace? Does the company pay well? Let’s take a closer look.
Salary Range
According to Glassdoor, the average salary for a Versace employee in the United States is about $59,000 per year. This includes positions such as sales associates, visual merchandisers, and store managers. Of course, this can vary depending on location, experience level, and job title.
Corporate Positions
For those working in corporate positions at Versace’s headquarters in Milan, Italy, salaries are generally higher. According to Payscale.com, the average salary for a marketing manager at Versace is €58k per year (which translates to roughly $68k USD), while an executive assistant can make upwards of €30k ($35k USD) per year.
Retail Positions
On the retail side of things, sales associates at Versace stores can make anywhere from minimum wage up to $25 per hour with bonuses and commission opportunities. Store managers can make anywhere from $60k to $100k per year depending on store location and performance.
Benefits
In addition to competitive salaries, Versace employees also receive a range of benefits. These include health insurance, 401(k) plans with company matching contributions, paid time off (PTO), employee discounts on merchandise, and more.
Culture
Aside from pay and benefits, many employees at Versace appreciate the company’s culture. The brand is known for its high-end image and glamorous fashion shows featuring models like Gigi Hadid and Kendall Jenner. For those passionate about fashion and luxury goods, working for Versace can be an exciting and rewarding experience.
Conclusion
In summary, Versace does pay well compared to many other retail and fashion brands. Salaries vary depending on job title, location, and experience level, but in general, employees can expect competitive pay and benefits. The brand’s high-end image and glamorous culture also make it an appealing place to work for those passionate about fashion.
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