How much do Rolex sales reps make?
While ZipRecruiter is seeing annual salaries as high as $101,500 and as low as $19,000, the majority of Rolex Sales salaries currently range between $36,000 (25th percentile) to $51,000 (75th percentile) with top earners (90th percentile) making $81,000 annually across the United States.
The average estimated annual salary, including base and bonus, at Rolex is $111,859, or $53 per hour, while the estimated median salary is $113,033, or $54 per hour. At Rolex, the highest paid job is a General Counsel at $222,968 annually and the lowest is an Admin Assistant at $45,591 annually.
Meanwhile, a sales associate with Rolex could expect to earn about $55,000 per year. If you work for a company dealing in watches, you can often expect to earn a base salary and a commission for each sale (although it depends on how your employer operates).
The Swiss luxury brand is said to make one million timepieces per year, but tracking one down is a challenge.
While ZipRecruiter is seeing annual salaries as high as $108,500 and as low as $20,500, the majority of Luxury Watch Sales salaries currently range between $38,500 (25th percentile) to $73,500 (75th percentile) with top earners (90th percentile) making $96,500 annually across the United States.
...
Share of Americans who own Rolex watches in 2018, by income.
| Characteristic | Share of respondents |
|---|---|
| - | - |
- Rolex Daytona 6239 de Paul Newman.
- Patek Philippe – Supercomplication Henry Graves.
- Patek Philippe – 1518.
- Audemars Piguet's Royal Oak Complication.
Rolex Salary FAQs
The average salary for a Sales Associate is £22,397 per year in United Kingdom, which is 12% lower than the average Rolex salary of £25,741 per year for this job.
and (1915–20) Rolex Watch Co. Ltd., Swiss manufacturer of rugged but luxurious watches. Company headquarters are in Geneva.
The results may surprise you. On average, a dealer asks 27 percent more than a private seller for the same watch. There's a caveat: watches from dealers are generally newer/in better condition. Adjusted for this, the average dealer markup is likely to be between 10 percent an 20 percent.
How much do omega salesmen make?
The average Omega Sales Rep earns an estimated $140,800 annually, which includes an estimated base salary of $80,924 with a $59,876 bonus. Omega's Sales Rep compensation is $30,255 more than theaverage for a Sales Rep. Sales Rep salaries at Omega can range from $30,000 - $342,000.
Rolex, Hans Wilsdorf, and financials
Since Rolex is a foundation under Swiss law, all profits from Rolex are tax-free. All of Rolex's excess profits are directly put into the foundation. Rolex has a profit of about 1 billion Francs per year with a net profit margin of about 20% (of course varying from year-to-year).
| Model | Duration* |
|---|---|
| GMT-Master II | Over 5 years, occasionally much longer |
| Milgauss | 6 to 12 months |
| Oyster Perpetual | 6 to 12 months |
| Sky-Dweller | Over 3 years |
In the majority of cases, a Rolex timepiece can last a lifetime, especially if it's serviced regularly. While Rolex recommends service every ten years, it's a good idea to have your watch looked at every 5 to 7 years to ensure optimal performance.
Reasonably, it would take a maximum of a few hours to assemble a Rolex movement, and that is probably a generous time estimation. The general time estimation is that it takes around 3h30min–3h40min for a Rolex watchmaker to assemble the complete watch from scratch. This is when a watchmaker has all the parts completed.
Rolex has no online shop, nor is it possible to order Rolex watches directly from the factory. Instead, Rolex works with official retailers or authorized dealers all around the world that are independent companies not connected to Rolex other than that they have a retailer contract to receive and sell Rolex watches.
Genuine Swiss manufacturers make Rolex watches with high-quality metals and other materials, giving these watches quite a bit of heft to them. However, counterfeiters don't use quality materials, so they make distinctly lighter watches, often by 20 grams or more.
The bottom line is that Rolex does not offer any factory tours for the public. And considering the fact that Rolex is very secretive, it doesn't exactly come as a surprise. Rolex has a large collection of private watches, but they do not have a public museum, either.
Salary of a Patek Philippe Watchmaker
On average, a watchmaker makes between $36,000 and $53,000 a year; top earning professional watchmakers can take home $62,500 to $100,000.
Rolex Key Executives
Jean-Frederic Dufour serves as the CEO / President of Rolex. Rahalil Ral serves as the Executive Director of ROLEX. Rahalil started at ROLEX in January of 2002.
How do I become a watchmaker?
To become a watchmaker, begin training under an apprenticeship or school program. A trade school or apprenticeship may be the most accessible option for your training needs. To find an apprenticeship, find a watchmaker you trust or use yourself for your watch repair needs.
1945: Hans Wilsdorf Foundation
In 1945 Wilsdorf established the Hans Wilsdorf Foundation. In 1960 he gave his 100% ownership stake in Rolex to the foundation. The Hans Wilsdorf Foundation owns and controls Rolex to this day, and donates much of its income to charity and social causes in Geneva, Switzerland.
Rolex, Hans Wilsdorf, and financials
Since Rolex is a foundation under Swiss law, all profits from Rolex are tax-free. All of Rolex's excess profits are directly put into the foundation. Rolex has a profit of about 1 billion Francs per year with a net profit margin of about 20% (of course varying from year-to-year).
Sorry, Doc, your Rolex isn't deductible.
In the majority of cases, a Rolex timepiece can last a lifetime, especially if it's serviced regularly. While Rolex recommends service every ten years, it's a good idea to have your watch looked at every 5 to 7 years to ensure optimal performance.
