As of April 01, 2025, the average annual salary for a Revenue Management Manager in Norfolk, VA is $115,900. Salary.com reports that pay typically ranges from $106,400 to $126,700, with most professionals earning between $97,751 and $136,533.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $126,700 | $10,558 | $2,437 | $61 |
| Average | $115,900 | $9,658 | $2,229 | $56 |
| 25th Percentile | $106,400 | $8,867 | $2,046 | $51 |
An entry-level Revenue Management Manager with under 1 year experience makes about $112,367. With less than 2 years of experience, a mid-level Revenue Management Manager makes around $112,795. After 2-4 years, the Revenue Management Manager pay rises to about $114,223. Those senior Revenue Management Manager with 5-8 years of experience earn roughly $115,937, and those Revenue Management Manager having 8 years or more experience are expected to earn about $118,674 on average.
| Levels | Salary |
|---|---|
| Entry Level Revenue Management Manager | $112,367 |
| Intermediate Level Revenue Management Manager | $112,795 |
| Senior Level Revenue Management Manager | $114,223 |
| Specialist Level Revenue Management Manager | $115,937 |
| Expert Level Revenue Management Manager | $118,674 |
| Entry Level | 3% |
| Mid Level | 3% |
| Senior Level | 1% |
| Top Level | 0% |
| Experienced | 2% |
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Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Revenue Recognition: The revenue recognition principle is a cornerstone of accrual accounting together with the matching principle. They both determine the accounting period in which revenues and expenses are recognized. According to the principle, revenues are recognized when they are realized or realizable, and are earned (usually when goods are transferred or services rendered), no matter when cash is received. In cash accounting – in contrast – revenues are recognized when cash is received no matter when goods or services are sold. Cash can be received in an earlier or later period than obligations are met (when goods or services are delivered) and related revenues are recognized that results in the following two types of accounts: Accrued revenue: Revenue is recognized before cash is received. Deferred revenue: Revenue is recognized after cash is received.Revenue realized during an accounting period is included in the income.
Market Segmentation: Market segmentation is a marketing strategy in which select groups of consumers are identified so that certain products or product lines can be presented to them in a way that appeals to their interests.
| Skill | Salary | Demand |
|---|---|---|
|
VMware
|
$124,013 |
7%
|
|
Market Segmentation
|
$124,013 |
7%
|
|
Consulting
|
$122,854 |
6%
|
|
Catering
|
$122,854 |
6%
|
|
Revenue Recognition
|
$121,695 |
5%
|
|
Technical Accounting
|
$120,536 |
4%
|
