How Much $ Do The Big Guys Make?

[C9Kid]

Originally Posted by Unregistered

700k a year MAY be true...I have no idea. But it sounds ridiculous and impossible to believe. RVPs and city managers don't have MBAs or any real credentials except that they stuck it out with Enterprise and "survived" the glory years of enterprise when it was actually growing. There is no need to pay them 700k a year! Would they quit if they only made 200k a year? Probably not, so why would enterprise pay it? Is it the carrot dangling from the stick that gives people hope? Maybe. I still think it's insane

Think about it in this respect though...AM/BM make commission off the branch itself...City off city, area off area...every level above the branch level makes commission off a larger pool, right up to the RVP/GM. It's safe to say that if they have a great year, they really could make a shitton of money.

Is the growth of the 80's/90's going to repeat itself? No, that would be naive. Is ERAC going to continue to be #1 in the world...yes. They have an extremely sound business plan, great operations standards, and despite SMALL instances of pissed-off customers, very high customer service ratings.

I'm long since passed the kool-aid phase, I just really enjoy working for ERAC. The people I work with are great, the opportunities are great (if you're willing to move around to get promoted, etc.) and it still all comes down to how much you want to get ahead.

C9kid

Originally Posted by C9Kid

Think about it in this respect though...AM/BM make commission off the branch itself...City off city, area off area...every level above the branch level makes commission off a larger pool, right up to the RVP/GM. It's safe to say that if they have a great year, they really could make a shitton of money.

Is the growth of the 80's/90's going to repeat itself? No, that would be naive. Is ERAC going to continue to be #1 in the world...yes. They have an extremely sound business plan, great operations standards, and despite SMALL instances of pissed-off customers, very high customer service ratings.

I'm long since passed the kool-aid phase, I just really enjoy working for ERAC. The people I work with are great, the opportunities are great (if you're willing to move around to get promoted, etc.) and it still all comes down to how much you want to get ahead.

C9kid

C9kid...good for you for enjoying your job. That's really what it's all about. Getting into a position you enjoy and running with it. Sure, ERAC isn't for everyone. I'm glad to see there ARE people who enjoy it.

You mentioned how their pay is based off a whole city, etc. Trust me, the more income that's out there, the smaller your actual comm % is. I was a BM and made a decent percentage. When I moved up to ARM, my area generated plenty of income but my percentage was SIGNIFICANTLY SMALLER. The pay increase from BM to ARM was TINY. Didn't make me feel like I was actually successful.

Mathematically, a 700k salary is BS. If the RVP made a generous commission of 10%, that would mean the city made over 7 million. If you consider the lower man in the totem pole made 300k, the city had to have made 10million. Thats 10 million PROFIT! Obviously they dont pay their employees jack but their profit margin is pretty slim too.

If RVPs make 5%, that means the city has to make 20million a year. Does anyone know their actual commission schedule?

Take into consideration that car sales LOSES money and so many higher-ups are quitting. That hurts the bottom line and wouldn't an area manager see the light at the end of the tunnel? Or maybe they are realizing they are Andy Taylor's puppet

[Sucks-To-Be-You]

Originally Posted by Unregistered

I really have a hard time believing those numbers. Here's why. When you're an MT or MA, you're always looking to become an Assistant. When you get promoted to an assistant, you realize you actually make less than the MAs that are in your office. So you strive to be a manger. You get promoted to a manager and realize that the "great money" that you thought managers make is only about $100/month more than you made as an assistant. Speaking from experience, promotions at ERAC are typically not opportunities to walk into lump sums of money.

Now, I'm not saying that RVPs, GRMs, etc don't make good money. They do. We've all seen the neighborhoods they live in.


HEY, DON'T INCLUDE ME IN THERE PAL,.
A) I AM NOT IN OHIO
B) I HAVE NEVER SEEN WHERE ""ANY"" OF MY BOSS'S LIVE
SO DON'T SAY ""WE"" WHEN ""I"" HAVN'T SEEN THE HOMES THEY LIVE IN




..
.
.



You've got to make some dough to live in those homes. BUT, I'm thinking $800,000/year is REALLY REALLY REALLY REALLY REALLY REALLY REALLY REALLY REALLY REALLY REALLY REALLY REALLY being generous.

HRRRMM...

800,000 DEVIDED BY 12...
I SEE A BUNCH OF 6'S

[C9Kid]

Originally Posted by Unregistered

C9kid...good for you for enjoying your job. That's really what it's all about. Getting into a position you enjoy and running with it. Sure, ERAC isn't for everyone. I'm glad to see there ARE people who enjoy it.

You mentioned how their pay is based off a whole city, etc. Trust me, the more income that's out there, the smaller your actual comm % is. I was a BM and made a decent percentage. When I moved up to ARM, my area generated plenty of income but my percentage was SIGNIFICANTLY SMALLER. The pay increase from BM to ARM was TINY. Didn't make me feel like I was actually successful.

Fair enough, I envisioned my ARM making about 80-90k on average...my BM makes about 40-45k/year depending on flip, which in the maritimes SUCKS right now. (some branches last year made 300+ on flip only to see it go down to like 50 this month) I can't wait until I made commission, though, then the whole "agency theory" problem will go away ;)

Believe it or not it's conceivable.
I knew on City Mgr that was definitely made 400K+ (actually saw check inadvertently) in his folder he left in one of my cars he transferred and left under the seat.

I heard that the GM for the Cincinnati/Columbus/Dayton region has the 2nd largest home in Cincinnati...he's obviously making a lot!

www.hamiltoncountyauditor.com

I am convinced once u get to area mgr, you just BS about what you make and how the other guys live to make themselves feel better.

I know this as fact I am a current level 3 employee who has been an area manager and has worked at corporte. CRM and GRM are in a grey area. They typically get bumped to 150k or 10% higher than the highest area manager they are in charge of.

RVP's, GM's and othe rlevel 4's do make great money. They get more than the standard commision that branch, assistant and area managers make. They get private stock in the company, as you all know no one ever retires from enterprise you just get fired, it just depends on how long you hang atround.

But a region with 2000 cars that did 250 net a month would equal 500k profit a month and 6 million a year. They also have a "bogie" number that if they hit they get a huge bonus. Until last year they also got a 13th commision check. this was figured by taking the average of their 12 commision checks fot they year. so yes they get paid. dwwsej

AM = 35K

BM = 40-45K

ARM = 55-60K

CRM = 75-80K

RVP = 100K

GM = 150-250K

Get your head out of the clouds. Car rental is a low margin industry. No one is making the ridiculous numbers you all imagine. Why do you think they keep their income hidden from you? It adds to the mystique in this hurry-up-and-get-promoted bull$hit environment. The more vehicles under you the smaller your commission. The Taylors aren't paying anyone nearly as much as you all imagine. Just look at their lifestyles. If you made $700K a year you'd be living in some of the more posh neighborhoods of Indian Hill and not Mason!