Franchise owners rate their happiness above average.
At CareerExplorer, we conduct an ongoing survey with millions of people and ask them how satisfied they are with their careers. As it turns out, franchise owners rate their career happiness 3.4 out of 5 stars which puts them in the top 37% of careers.
To put this into perspective, we compared how happy franchise owners are to similar careers in the industry. Take a look at the results below:
Salaries and satisfaction ratings in similar careers
| Career | Satisfaction | Avg Salary |
|---|---|---|
| Solution architect | 3.7 | $100k |
| COO | 3.7 | $79k |
| CFO | 3.4 | $100k |
| Talent agent | 3.4 | $78k |
| Franchise owner | 3.4 | $58k |
| Technical product manager | 3.4 | $78k |
| Disaster recovery specialist | 3.3 | $41k |
| Product manager | 3.3 | $85k |
| Financial quantitative analyst | 3.3 | $73k |
So what does it mean to be happy in your career? Let’s break it down into different dimensions:
- Salary: Are franchise owners happy with their salary?
- Meaning: Do franchise owners find their jobs meaningful?
- Personality fit: How well suited are people’s personalities to their everyday tasks as franchise owners?
- Work environment: How enjoyable are franchise owner’s work environments?
- Skills utilization: Are franchise owners making the best use of their abilities?
Are franchise owners happy with their salary?
Franchise owners rated their satisfaction with their salaries 3.3/5. Few are explicitly unhappy with their salaries, with most franchise owners having generally positive views of their salary.
We asked franchise owners how fairly compensated they are for their work.
Their response was:
3.3 out of 5 stars
101 franchise owners
21% of franchise owners rated their compensation 5 stars
27% of franchise owners rated their compensation 4 stars
26% of franchise owners rated their compensation 3 stars
13% of franchise owners rated their compensation 2 stars
14% of franchise owners rated their compensation 1 stars
Do franchise owners find their jobs meaningful?
On average, franchise owners rate the meaningfulness of their work a 3.3/5. Most tend to be satisified with the level of meaning they find in their careers.
We asked franchise owners how meaningful they found their work.
Their response was:
3.3 out of 5 stars
102 franchise owners
25% of franchise owners rated how meaningful they found their career 5 stars
23% of franchise owners rated how meaningful they found their career 4 stars
26% of franchise owners rated how meaningful they found their career 3 stars
15% of franchise owners rated how meaningful they found their career 2 stars
12% of franchise owners rated how meaningful they found their career 1 stars
How well are people’s personalities suited to everyday tasks as franchise owners?
Franchise owners rated their personality fit with their work an average of 4.1/5. The majority of franchise owners find their personalities quite well suited to their work, with relatively few having complaints about their fit.
We asked franchise owners how well their personalities fit into their careers.
Their response was:
4.1 out of 5 stars
115 franchise owners
41% of franchise owners rated their career fit 5 stars
39% of franchise owners rated their career fit 4 stars
14% of franchise owners rated their career fit 3 stars
5% of franchise owners rated their career fit 2 stars
1% of franchise owners rated their career fit 1 stars
How enjoyable is a franchise owner’s work environment?
As a whole, franchise owners rated their enjoyment of their work environment 3.8/5. A solid majority of franchise owners enjoy their work environment, probably contributing to overall higher satisfaction with working as a franchise owner.
We asked franchise owners how much they enjoyed their work environment.
Their response was:
3.8 out of 5 stars
116 franchise owners
30% of franchise owners rated their work environment 5 stars
34% of franchise owners rated their work environment 4 stars
22% of franchise owners rated their work environment 3 stars
9% of franchise owners rated their work environment 2 stars
5% of franchise owners rated their work environment 1 stars
Are franchise owners making the best use of their abilities?
Former franchise owners on CareerExplorer have rated their skills utilization 3.6/5. Most franchise owners surveyed find that they manage to use their abilities to their fullest as a franchise owner, which helps contribute to higher career satisfaction in the long term.
We asked franchise owners how well their abilities were used in their careers.
Their response was:
3.6 out of 5 stars
115 franchise owners
29% of franchise owners rated their how well their skills were utilized in their career 5 stars
28% of franchise owners rated their how well their skills were utilized in their career 4 stars
28% of franchise owners rated their how well their skills were utilized in their career 3 stars
10% of franchise owners rated their how well their skills were utilized in their career 2 stars
6% of franchise owners rated their how well their skills were utilized in their career 1 stars