Spencer's Retail Mumbai Business Manager Salaries by 2 Employees (Updated 2024)

15 - 17 years exp.

₹13.5 Lakhs - ₹17.2 Lakhs

Low Confidence

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Last Updated: 17 Mar 2023

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

Spencer's Retail Business Manager Salary

15 - 17 years exp. (AmbitionBox Estimate)

₹13.5 L/yr - ₹17.2 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 16% more
Reliance Retail Business Manager Salary 6 - 16 years exp. (9 salaries)	₹6 L/yr - ₹9.9 L/yr 37% less
Login to view exact salary
Titan Company Business Manager Salary 6 - 16 years exp. (4 salaries)	₹18 L/yr - ₹27 L/yr 50% more	1 job opening
Groupm Media Business Manager Salary 1 - 8 years exp. (55 salaries)	₹5.5 L/yr - ₹13.1 L/yr 44% less
Performics Business Manager Salary 2 - 7 years exp. (50 salaries)	₹6 L/yr - ₹13 L/yr 35% less

Business Manager salary at Spencer's Retail ranges between ₹13.5 Lakhs to ₹17.2 Lakhs per year for employees with experience between 15 years to 17 years. Salary estimates are based on 2 latest salaries received from various employees of Spencer's Retail.

Similar Designation salaries in Spencer's Retail

Retail Store Manager Salary

(5 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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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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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 ₹13.5 Lakhs to ₹17.2 Lakhs. This is an estimate based on latest salaries received from employees of Spencer's Retail.