Spencer's Retail Business Manager Salaries by 4 Employees (Updated 2025)

7 - 27 years exp.

₹10 Lakhs - ₹16 Lakhs

Low Confidence

Salary of majority employees

34% more than the average Business Manager Salary in Retail Companies for 7 - 27 years of experience

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Last Updated: 3 Jan 2025

Companies similar to Spencer's Retail for Business Manager

Company name	Avg Annual Salary	Open Jobs
Future Retail Business Manager Salary 12 - 18 years exp. (7 salaries)	₹10 L/yr - ₹24.6 L/yr 23% more
Aditya Birla Fashion and Retail Business Manager Salary 0 - 19 years exp. (19 salaries)	₹12 L/yr - ₹20 L/yr 10% more
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Reliance Retail Business Manager Salary 8 - 16 years exp. (32 salaries)	₹5.7 L/yr - ₹15.7 L/yr 40% less
Shoppers Stop Business Manager Salary 11 - 16 years exp. (3 salaries)	₹10 L/yr - ₹25.1 L/yr 18% more
SPAR Hypermarkets Business Manager Salary 18 - 23 years exp. (4 salaries)	₹25 L/yr - ₹28 L/yr 82% more
Future Lifestyle Fashion Business Manager Salary 6 - 15 years exp. (39 salaries)	₹3.8 L/yr - ₹12.7 L/yr 51% less
Landmark Group Business Manager Salary 10 - 18 years exp. (35 salaries)	₹10.5 L/yr - ₹32 L/yr 23% more
Titan Company Business Manager Salary 3 - 16 years exp. (22 salaries)	₹12.8 L/yr - ₹29 L/yr 40% more
Vishal Mega Mart Business Manager Salary 12 - 31 years exp. (3 salaries)	₹6 L/yr - ₹9.3 L/yr 50% less

Business Manager salary at Spencer's Retail ranges between ₹10 Lakhs to ₹16 Lakhs per year for employees with experience between 7 years to 27 years. Salary estimates are based on 4 latest salaries received from various employees of Spencer's Retail.

Experience wise Spencer's Retail Business Manager salaries

Last Updated: 3 Jan 2025

Experience	Avg Annual Salary
15+ years (AmbitionBox Estimate)	₹12.6 L/yr - ₹16.1 L/yr
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Similar Designation salaries in Spencer's Retail

Branch Manager Salary

(AmbitionBox Estimate)

₹1 L/yr - ₹1.3 L/yr

Sales Manager Salary

(4 salaries)

₹2 L/yr - ₹7.29 L/yr

Regional Manager Salary

(5 salaries)

₹5.5 L/yr - ₹16.52 L/yr

Store Manager Salary

(93 salaries)

₹2.2 L/yr - ₹10.48 L/yr

Area Manager Salary

(6 salaries)

₹8.04 L/yr - ₹19.83 L/yr

Deputy Manager Salary

(3 salaries)

₹2.1 L/yr - ₹5.1 L/yr

Territory Manager Salary

(AmbitionBox Estimate)

₹10 L/yr - ₹12.8 L/yr

Area Sales Manager Salary

(6 salaries)

₹20 L/yr - ₹40 L/yr

Marketing Manager Salary

(4 salaries)

₹6.2 L/yr - ₹7.1 L/yr

Senior Sales Manager Salary

(AmbitionBox Estimate)

₹12.9 L/yr - ₹16.4 L/yr

Top skills at Spencer's Retail for Business Manager

Stock Management Store Operations People Management Inventory Management Vendor Management Profitability Attrition Control PNL Retail Operations SOP Store Management Standard Operating Procedures

Salary related reviews for Spencer's Retail

Team Lead in Lucknow

Fmcg,cash,staple,FNV Department

4.0

• posted on 24 Mar 2018

3.0

for Salary and Benefits

Likes

Spencer's company is very good for start your Career in Retail it is very good teacher ,but after that no need to stay in company more then 3 years

Skill development - Excellent

+4 more

Dislikes

Here nothing to dislike but growth was very slow for team Leader & above post as well as compensation is little bit less

Promotions - Poor

Senior Executive in Varanasi

Full Time

Research & Development Department

5.0

• posted on 29 Sep 2024

5.0

for Salary and Benefits

Likes

...people are keeping their relatives by doing politics and firing their employees. The company needs to pay attention to this.

Salary - Excellent

+5 more

Dislikes

There is politics going on at Spencer right now that is detrimental to the company.

Chief Administration Manager in Kolkata

Full Time

Administration & Facilities Department

2.0

• posted on 21 Jan 2024

4.0

for Salary and Benefits

Likes

...company. It was a much better organisation but destroyed by son of the promoter. You get your salary on time and in case you are joining new they will offer above the market price as no one wants to continue after 3 months of joining.

Salary - Good

Dislikes

It is a classic case of over zealous promoters destroying a business. Non competent son of the promoter thinks himself as God and all employees as piece of furniture. Management changes after every 3 years. Some CXOs leaves even before that. Every year people gets fired as cost cutting is the only tool for sustainability, as per the promoter. Do not join even if they offer a higher than market price also.

Skill development - Bad

+4 more

Manager in Kolkata

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 05 Aug 2024

2.0

for Salary and Benefits

Likes

Good work life balance. On time salary.

Company culture - Good

+1 more

Dislikes

Inter Department politics. VP - BD thinks he is the owner of the company. Puts undue pressure on other departments to cover own department’s incompetence. Unethical approach towards work resulting in haphazard and rushed decisions. To quote Neerav Sejpal, “let’s get things done, if any thing crops up, let the company face after 10 years, we won’t be there then.”

Salary - Poor

+1 more

Commercial Executive And Sales Coordinator in Kolkata

Full Time

Finance & Accounting Department

2.0

• posted on 24 Jun 2022

2.0

for Salary and Benefits

Likes

Spencers do not fired any employee during lockdown and it credited salary within specific time,

Job security - Good

Dislikes

There is no motivational work and also here is no career growth untill you do butter oiling. Here is no increment even you do hard work. If you work hardly, but you can't do butter oiling, then you are not able to attract your senior, only the person who do the butter oiling properly, then he/she attract by seniors. Most of the employee give resign for this *NEPOTISM*

Salary - Poor

+2 more

see more salary related reviews

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Spencer's Retail Business Manager Salary FAQs

What is the salary of Business Manager at Spencer's Retail ?

The average salary of a Business Manager at Spencer's Retail in India typically ranges from ₹10.0 Lakhs to ₹16.0 Lakhs per year, depending on experience (from 7 years to 27 years).

The top 10% of Business Manager at Spencer's Retail earn more than ₹30.0 Lakhs per year, and the top 1% earn over ₹30.0 Lakhs per year. Business Manager Salaries at Spencer's Retail can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 4 Spencer's Retail employees in India.

What is the estimated take home salary of a Business Manager at Spencer's Retail in India?

The estimated take-home salary of a Business Manager at Spencer's Retail in India typically ranges from ₹1,03,535 to ₹1,06,371 per month. This is based on the average salary range of ₹10.0 Lakhs to ₹16.0 Lakhs per year for employees with experience ranging from 7 years to 27 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 4 salaries received from various employees of Spencer's Retail. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Business Manager at Spencer's Retail ?

To be a Business Manager at Spencer's Retail in india, the key skills required include:

- Stock Management
- Store Operations
- People Management
- Inventory Management
- Vendor Management

These skills are highly valued at Spencer's Retail and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Spencer's Retail for Business Manager in India?

SPAR Hypermarkets	₹25.0 Lakhs to ₹28.0 Lakhs per year
Titan Company	₹12.8 Lakhs to ₹29.0 Lakhs per year
Future Retail	₹10.0 Lakhs to ₹24.6 Lakhs per year
Landmark Group	₹10.5 Lakhs to ₹32.0 Lakhs per year
Shoppers Stop	₹10.0 Lakhs to ₹25.1 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Spencer's Retail, depending on the role and experience level.

What is the salary of a Business Manager in companies similar to Spencer's Retail in India?

The salary of a Business Manager at companies similar to Spencer's Retail in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Aditya Birla Fashion and Retail	₹12.0 Lakhs to ₹20.0 Lakhs per year
Reliance Retail	₹5.7 Lakhs to ₹15.7 Lakhs per year
Vishal Mega Mart	₹6.0 Lakhs to ₹9.3 Lakhs per year
Future Lifestyle Fashion	₹3.8 Lakhs to ₹12.7 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Business Manager at Spencer's Retail in India?

The salary growth for a Business Manager at Spencer's Retail depends on factors such as experience, performance, and promotions. On average, a Business Manager can expect the following growth trajectory at Spencer's Retail:

Experience	Average Salary Range
15 years	₹12.6 Lakhs to ₹16.1 Lakhs per year

and so on.

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Spencer's Retail Business Manager Salaries

Spencer's Retail Business Manager salary in India ranges between ₹10 Lakhs to ₹16 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Spencer's Retail latest salaries received from various employees of Spencer's Retail.