Yes, it’s indeed true that some Walmart managers can earn up to $400,000 per year, especially those in higher-level roles such as store managers. This income is largely made up through a combination of base salary, bonuses, and particularly stock grants. The stock grants are given as part of employee benefit packages and they provide a significant portion of the compensation, which can lead to high total earnings.
It’s important to note that while this doesn’t require a college degree, it does require substantial experience and the right skills. Walmart typically promotes from within, so these positions are often filled by individuals who have worked their way up through the company over many years.