Spencer's Retail Mumbai Business Manager Salaries by 3 Employees (Updated 2025)

7 - 17 years exp.

₹10 Lakhs - ₹16 Lakhs

Low Confidence

Salary of majority employees

22% more than the average Business Manager Salary in Retail Companies for 7 - 17 years of experience

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Last Updated: 3 Jan 2025

Companies similar to Spencer's Retail for Business Manager in Mumbai

Spencer's Retail Business Manager Salary

7 - 17 years exp. (3 salaries)

₹10 L/yr - ₹16 L/yr

Company name	Avg Annual Salary	Open Jobs
Aditya Birla Fashion and Retail Business Manager Salary 0 - 19 years exp. (6 salaries)	₹12 L/yr - ₹20 L/yr 28% more
Reliance Retail Business Manager Salary 6 - 16 years exp. (10 salaries)	₹6 L/yr - ₹17.6 L/yr 26% less
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Titan Company Business Manager Salary 6 - 16 years exp. (4 salaries)	₹18 L/yr - ₹27 L/yr 57% more	1 job opening
Groupm Media Business Manager Salary 1 - 8 years exp. (53 salaries)	₹5.5 L/yr - ₹13.1 L/yr 37% less
Performics Business Manager Salary 2 - 7 years exp. (49 salaries)	₹6.6 L/yr - ₹13 L/yr 26% 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 17 years. Salary estimates are based on 3 latest salaries received from various employees of Spencer's Retail.

Experience wise Spencer's Retail Business Manager salaries in Mumbai

Last Updated: 3 Jan 2025

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr
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15+ years (AmbitionBox Estimate)	₹13.5 L/yr - ₹17.2 L/yr

Similar Designation salaries in Spencer's Retail

Retail Store Manager Salary

(3 salaries)

₹4 L/yr - ₹10.75 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

Dislikes

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

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.

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.

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.

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.

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.”

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,

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*

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Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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Spencer's Retail Business Manager Salary FAQs

What is the notice period for Business Manager at Spencer's Retail in Mumbai?

According to AmbitionBox, 100% of the Spencer's Retail Business Managers in Mumbai reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

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Spencer's Retail Business Manager Salaries in Mumbai

Spencer's Retail Business Manager salary in Mumbai ranges between ₹10 Lakhs to ₹16 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Spencer's Retail latest salaries received from various employees of Spencer's Retail.