We Found Out How Much Lowe’s Is Actually Paying for Its Tech Jobs
As the retail world leans more toward tech, Lowe’s has been making a serious push to stay ahead of the curve. The company, which is known for its hammers and nails, is investing in cutting-edge technology like AI-powered apps and advanced inventory systems. To fuel this push, Lowe’s has been ramping up its hiring of tech professionals, and the salaries aren’t too shabby.
The company is hiring people for everything from software engineers to data scientists and even senior directors. These positions are key to helping them develop the technologies that keep them competitive in the retail space. Here’s a peek at how much Lowe’s is paying for these roles.
IT Project Managers
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IT Project Managers can earn over $182,000 annually by overseeing IT projects and ensuring that everything runs smoothly.
Product Managers
Product Managers earn anywhere from $103,210 to $118,450, depending on their level of experience. A Senior Product Manager can make up to $158,019, and a Lead Product Manager could earn as much as $182,500.
Data Scientists
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Data Scientists are some of the highest-paid tech workers at Lowe’s, with salaries ranging from $118,414 to $130,491 for entry-level positions. Senior-level data scientists can earn up to $158,981, while a Lead Data Scientist could pocket up to $190,962.
Software Engineers
Software Engineers earn between $103,780 and $139,109, while Senior Software Engineers can make between $112,986 and $163,321. The pay increases for more experienced roles, with Lead Software Engineers earning up to $221,731 and Principal Software Engineers making as much as $234,000.
Senior Directors
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Senior directors at Lowe’s can pull in anywhere from $136,989 to $300,000, depending on their expertise. For example, the Senior Director of AI Strategy could hit the top end of that range.
That’s some serious money, especially when you consider the demand for top tech talent in today’s market.
Marvin Ellison’s Vision
Lowe’s CEO Marvin Ellison sees a bright future for his company. Ellison’s rise to the top is a story in itself. He started as a part-time employee at Target who made $4.35 an hour while studying at the University of Memphis.
Today, he’s the CEO of Lowe’s, a $130 billion giant, and one of only eight Black CEOs on the Fortune 500. However, his feelings about being among the few Black CEOs are mixed. While he’s proud of his position, he’s also disappointed by the ongoing lack of diversity at the top levels of corporate America. He sees his role as an opportunity to create a pathway for others.
Ellison’s approach to leadership has been hands-on, especially when it comes to diversity. Instead of making big public announcements or hiring a few token people, he’s focused on real change at Lowe’s. The company has implemented programs like supplier diversity, which helps underrepresented businesses grow, and they focus heavily on professional development within the company. Lowe’s now prioritizes leadership potential over traditional resumes, which has been a game-changer in building a more diverse and skilled workforce.
The Path Forward for Lowe’s and Tech
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Looking ahead, Lowe’s isn’t slowing down when it comes to innovation. The company has partnered with Nvidia to develop AI technologies to improve inventory and customer service. With more than 50 AI models now in use, the company is preparing to take full advantage when market conditions improve. Ellison sees this investment in technology as crucial for Lowe’s future.