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SM

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SM Salary in Mumbai (Updated 2025)

based on 40 latest salaries • updated: 15 Mar 2025
Select an experience to get the exact salary

Annual salary range

₹1.5 Lakh - ₹30 Lakhs

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High Confidence means the data is based on a large number of latest salaries.
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SM Salary in Mumbai ranges between ₹1.5 Lakh to ₹30 Lakhs for 2 years of experience to 15 years of experience. Salary estimates are based on 40 latest salaries received from SM.

Latest annual salaries shared by SMs

2d ago

Coal India

SM

13 years exp.

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3d ago

Lazza Ice Creams

SM

10 years exp.

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3d ago

Max Life Insurance

SM

6 years exp.

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4d ago

Bajaj Allianz General Insurance

SM

8 years exp.

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5d ago

Jana Small Finance Bank

SM

5 years exp.

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5d ago

IDFC FIRST Bank

SM

12 years exp.

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1w ago

Direct Selling Association

SM

7 years exp.

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1w ago

Paynearby Technologies

SM

4 years exp.

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1w ago

IIFL Home Finance

SM

7 years exp.

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1w ago

Reliance Trends

SM

9 years exp.

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View all latest salaries

SM salaries by

Years of experience Avg. annual salary
2 years
(5 salaries)
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₹1.5 L/yr - ₹6 L/yr

3 years
(3 salaries)
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₹0.2 L/yr - ₹3.2 L/yr

4 years
(2 salaries)
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₹4.6 L/yr - ₹5.2 L/yr

5 years
(4 salaries)
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₹3.1 L/yr - ₹8.5 L/yr

6 years
(2 salaries)
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₹3.1 L/yr - ₹3.5 L/yr

View all salaries by experience

SM Salary In Other Locations

Locations Avg. annual salary
New Delhi
SM
2 - 14 years exp.
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₹1.8 L/yr - ₹12.6 L/yr

Bangalore / Bengaluru
SM
2 - 15 years exp.
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₹2 L/yr - ₹18 L/yr

Kolkata
SM
2 - 13 years exp.
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₹2 L/yr - ₹9.7 L/yr

Pune
SM
2 - 15 years exp.
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₹2.5 L/yr - ₹50 L/yr

Patna
SM
2 - 15 years exp.
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₹2 L/yr - ₹6.8 L/yr

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SM Salary By Industries

Industries Avg. annual salary

Financial Services

SM
2 - 15 years exp.
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₹2.2 L/yr - ₹19 L/yr

Retail

SM
2 - 15 years exp.
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₹1.9 L/yr - ₹9.7 L/yr

Insurance

SM
2 - 15 years exp.
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₹2.4 L/yr - ₹7.5 L/yr

NBFC

SM
2 - 14 years exp.
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₹2 L/yr - ₹8 L/yr

Internet

SM
2 - 15 years exp.
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₹2.6 L/yr - ₹40 L/yr

View More

Frequently Asked Questions (FAQS) about SM Salaries

What is the salary of a SM in India?
The salary of a SM in India varies based on experience, location, company & Industry. On average, SM salaries ranges from ₹1.5 Lakhs to ₹30.0 Lakhs per year. Top companies and specialized roles may offer higher compensation.

The average starting salary is around ₹1.5 Lakhs to ₹30.0 Lakhs per year, with the highest salary reaching ₹29.0 Lakhs to ₹50.0 Lakhs per year. Salary estimates are based on 40 salaries received from various SMs across industries.
What are the top paying companies that employ SMs?
SM Salaries at Top paying companies in India are
American Broadcasting Company SM Salary ₹29 Lakhs to ₹50 Lakhs per year
Reliance Retail SM Salary ₹4.8 Lakhs to ₹9.2 Lakhs per year
Salaries depend on experience, role, and location. Additional compensation may include bonuses and stock options.
What are the top paying cities for SM in India?
The annual salary for SM in India varies by location. Top paying cities for SM are
SM Salary in Pune ₹2.5 Lakhs to ₹50.0 Lakhs per year
SM Salary in Chennai ₹2.4 Lakhs to ₹12.0 Lakhs per year
SM Salary in Hyderabad / Secunderabad ₹3.1 Lakhs to ₹22.0 Lakhs per year
SM Salary in Gurgaon / Gurugram ₹2.0 Lakhs to ₹23.0 Lakhs per year
SM Salary in Bangalore / Bengaluru ₹2.0 Lakhs to ₹18.0 Lakhs per year
Salary expectations for SM may vary based on job roles, experience, and specific employer requirements.
What are the top paying industries for SM in India?
Top 5 paying Industries for SM in India are:
SM Salary in Media & Entertainment / Publishing ₹3.8 Lakhs to ₹49.0 Lakhs per year
SM Salary in IT Services & Consulting ₹3.5 Lakhs to ₹57.0 Lakhs per year
SM Salary in Internet ₹2.6 Lakhs to ₹40.0 Lakhs per year
SM Salary in Banking ₹2.5 Lakhs to ₹17.0 Lakhs per year
SM Salary in Fashion & Textile ₹2.0 Lakhs to ₹9.2 Lakhs per year
How does experience affect salaries of a SM in India?
Experience significantly impacts a SM salary in India. Salaries increase with experience, as SM take on more complex tasks, responsibilities, and leadership roles. SM salary at different experience level are as follows:
Experience Average Salary Range
2 years ₹1.5 Lakhs to ₹6.0 Lakhs per year
3 years ₹0.2 Lakhs to ₹3.2 Lakhs per year
4 years ₹4.6 Lakhs to ₹5.2 Lakhs per year
5 years ₹3.1 Lakhs to ₹8.5 Lakhs per year
and so on.

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