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The National Football League has existed for nearly a century, and in that time has undergone a great many changes that have helped to shape the sport into what it is today. Apart from the players and the multitude of staff that make this sport possible however, one person is generally responsible for the manner in which each organization is run. It can be argued that the CEO/Owner/President of each team is the final line in the sand, but in order to keep them satisfied and to maintain a healthy relationship with the rest of the staff, the general manager must take charge.
Stepping in to a veritable storm of never-ending responsibilities, general managers are the individuals in the NFL that have the power to hire and fire players, coaches, staff, and in some cases are in charge of the entire department. They are typically the one person that sits below the owner or CEO of an organization. There are those who are far more successful at their job however, and are as a result paid more for their services. While the going rate for a GM in the NFL is typically around $1 to $3 million dollars per year, some NFL GMs are paid less, and others are paid substantially more.
Here are a few NFL GMs who are not only the highest paid, but also the most influential in their sport.
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John Elway
John Albert Elway Jr. was drafted number one overall in the 1983 draft and was taken by the Baltimore Colts before being traded to the Denver Broncos. He played for the Broncos up until 1999, when he retired at the age of 38. He was inducted into the College Football Hall of Fame in 2000, and the Hall of Fame in 2004, where he was presented by his eldest daughter.
In 2010 he expressed interest in working with his former team after establishing himself as a business owner and operator. By 2011 he had been named the executive vice president of football operations. It wasn't until 2015 that he became the general manager, thereby gaining final say over everything that concerned the football aspect of the Broncos. During his time as a player Elway gained two Superbowl wins in 1997 and 1998.
As an executive he celebrated his third Superbowl in February of 2016 over the Carolina Panthers. His current salary to date is roughly $3 million per year.
Bill Belichick
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William Stephen Belichick has a long history with the sport of football. His father was a longtime college coach and as a result he fell into football with great aplomb. His initial career as a coach was a bit rocky as he started coaching the Baltimore Colts before they moved to Indianapolis. He then went on to coach the New York Giants in the 1980s, and then the Browns in 1990s. Since being hired on by the New England Patriots in 2000, his longest coaching run yet, he has managed to win four Superbowls with his current quarterback, Tom Brady.
Belichick is one of the rarer cases of a coach acting as both head coach and GM. He retains the right to make decisions concerning the football aspects of the Patriots, but is front and center for all practices and games as well. His current yearly salary is somewhere in the range of $7.5 million per year.
John Schneider
John Schneider began his football experience in Wisconsin by playing for the University of St. Thomas as a freshman. After an injury he asked to become a scout, which eventually led him to become employed by the Green Bay Packers in 1993. After this he moved around a bit, working for the Kansas City Chiefs as the Director of Pro Personnel from 1997-2000, after which he became employed by the Seattle Seahawks for a year before moving on to the Washington Redskins as Vice President of Player Personnel.
After this he went back to Green Bay to become the top personnel aide before being elevated to Director of Football Operations. He stayed in Green Bay up until 2010, when he then moved back to Seattle where he has been granted the role of General Manager and works closely with coach Pete Carroll. During his time in Seattle his team has won a single Superbowl and has been in the playoffs nearly every year. His current salary is roughly $3.75 million per year.
Ozzie Newsome
Ozzie Newsome Jr. began his football career playing for Alabama, and as a starter he stood out in a way that few players ever have. He was the 23rd pick over all in the 1978 draft and went to the Cleveland Browns where he played from 1978-1990. He was selected for the Pro-bowl multiple times and set a number of records in his time as an NFL player, and in 1999 was inducted into the Hall of Fame.
In 1991 he became the GM of the Cleveland Browns, where he remained for a short time before moving on to the Baltimore Ravens, where he currently is today. While his yearly salary isn't well-known, his net worth to date is around $10 million. Adobe character animator 2020 3 11.
Ted Thompson
Ted Thompson played college football for Southern Methodist University as a linebacker and placekicker before being taken on as an undrafted free agent to the Houston Oilers in 1975. He spent 10 years with the Oilers, starting only eight games but proving to be a solid player throughout his time. In 1992 he became a scout for the Green Bay Packers, during which time the Packers participated in two Superbowls, winning one of them.
He had a four year run as the Vice President of Operations with the Seattle Seahawks, but in 2005 returned to Green Bay to act as the Vice President of Football Operations. That was also the year he became the General Manager of the Packers, a position he still holds to this current day. His salary is largely unknown, and his current net worth is also kept largely under wraps. What is known is that he is one of the most valuable GMs in the NFL at the moment, along with those listed above.
When you are looking for a new career, one of the most important factors to consider is the amount of income you will earn, especially in relation to the cost of getting started and how long it will take to complete the training process. Although this may not be your most important consideration, you will want to know that the career you choose will be able to provide you with a comfortable salary.
In spite of the short training period required, F&I managers earn a relatively high salary that may surprise you.
How Do F&I Managers Earn Money?
F&I managers play an important role in the car sales process. After the customer has decided which vehicle he or she wants to purchase, the F&I manager's job is to help the customer secure the financing necessary. This means that the F&I manager will work directly with the customer, as well as the entities that provide financing. F&I managers also complete financing documents and sell extra products available from the dealership, such as extended service contracts and other add-ons. Because many dealerships earn a large portion of their profits from these add-ons, promoting them to customers is one of an F&I manager's most important responsibilities. F&I managers capable of selling these add-ons well will typically be able to get the best jobs and earn the most income.
F&I Manager Salary Structures
In the past, most jobs in the auto dealership industry were based solely on commission. This means that the amount of income earned depended heavily on the amount of sales they made. For F&I managers, this was actually beneficial, as many of them earned a great deal in commission.
Today, most auto dealerships do things differently. Instead of paying F&I managers and other professionals on staff solely commission, they use a balance of salary and commission. While this may have limited the total amount of earning for some F&I managers, it has been beneficial in other ways. For example, now that F&I managers earn a base salary, they are guaranteed a certain amount of income regardless of how well the dealership performs or how effectively they are able to sell add-ons during a given period. This provides more stability to their lives and reduces uncertainty. In addition, when F&I managers were paid solely based on commission, they tended to work much longer hours. With the new salary structure, F&I managers are able to earn a substantial salary while working a reasonable number of hours, which leads to a better overall quality of life.
How Much Do F&I Managers Make?
It is possible to find several estimates of F&I manager salaries. Although these estimates may differ widely from one another, they can give you a good idea of what you can expect when you begin working as an F&I manager.
Estimates from National Automobile Dealers Association (NADA)
According to NADA‘s annual Dealership Workforce studies, the average F&I Manager salary is around $142,000. This is the highest of the estimates listed here, but comes directly from NADA as a result of extensive yearly studies and information gathering.
Estimates from Indeed
Indeed collects salary data from anonymous individuals all across the United States, including both employers and employees. Indeed also incorporates information from recent job listings. Their current salary estimate for an F&I manager is based on information collected from 469 position within this industry. Currently, Indeed estimates the average salary for an F&I manager at approximately $96,662.
Estimates from the Bureau of Labor Statistics
The Bureau of Labor Statistics bases its salary estimates on information collected from establishments all across the United States. Every six months, the BLS surveys a sample of approximately 200,000 businesses out of a total pool of 1.2 million businesses in order to develop its estimates.
For May 2018, the BLS estimated the average salary for F&I managers working at automobile dealerships to be approximately $95,630. This translates to an hourly wage of approximately $45.98. Cleaner app pro 8 0 24. The BLS also estimated that approximately 12,350 people were working as F&I managers across the United States at the time the survey was taken. Ontheair studio 3 1 3.
Factors Affecting F&I Manager Salaries
Average salaries earned across the United States won't tell you exactly what you can expect to earn as an F&I manager. The exact amount you will earn depends on the specifics of your situation. Some of the factors that may affect your salary when you begin working as an F&I manager include:
- The location of the dealership – In general, dealerships located in certain areas will pay more. For example, salaries for F&I managers tend to be higher on the East Coast.
- The number of hours you work – If you are paid by the hour, working more hours will lead to a higher salary. Working more hours also provides you with more opportunities to increase any commission you may earn.
- The dealership's pay structure – The dealership's pay structure will affect your overall income by determining how much money you are guaranteed, as well as your potential to earn commission.
- How well you are able to sell add-ons – If your dealership offers commission and you are able to sell add-ons to many of your customers, you will earn more money.
How to Ensure Success as an F&I Manager
Fs 1 5 3 – Note Manager Salary Template
If you are hoping for a lucrative and successful career as an F&I manager, one of the best things you can do is enroll in an appropriate training program. The Automotive Dealership Institute has been operating as the only licensed F&I trade school in the United States for the last 32 years. The program at ADI provides you with all of the knowledge and skills you need to become a successful F&I manager at any auto dealership, and it can be completed in as little as four weeks. The program at ADI also offers a superior job placement program so you can find the perfect position after you graduate, with more than 90 percent of graduates finding an appropriate position within 90 days of completing the program. If you are interested in a career as an F&I manager, contact ADI today to learn more or to get started.
Contact us today to learn more about the F&I training program at ADI
