Spencer's Retail Manager M1 Salaries by Employees (Updated 2025)

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₹8.1 Lakhs - ₹10.4 Lakhs

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Last Updated: 27 Feb 2023

Companies similar to Spencer's Retail for Manager M1

Company name	Avg Annual Salary	Open Jobs
Reliance Retail Manager M1 Salary 1 - 18 years exp. (19 salaries)	₹4.6 L/yr - ₹15.9 L/yr 7% more
DMart Manager M1 Salary 9 - 18 years exp. (8 salaries)	₹12 L/yr - ₹16.5 L/yr 50% more
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Landmark Group Manager M1 Salary 7 - 16 years exp. (12 salaries)	₹13 L/yr - ₹30 L/yr 86% more
ICICI Bank Manager M1 Salary 1 - 17 years exp. (1.6k salaries)	₹4.5 L/yr - ₹17 L/yr 13% more
Vodafone Idea Manager M1 Salary 1 - 14 years exp. (376 salaries)	₹3.6 L/yr - ₹14.5 L/yr 10% less

Manager M1 salary at Spencer's Retail ranges between ₹8.1 Lakhs to ₹10.4 Lakhs per year for employees with 23 years of experience. Salary estimates are based on 1 latest salaries received from various employees of Spencer's Retail.

Similar Designation salaries in Spencer's Retail

Team Manager Salary

(4 salaries)

₹2 L/yr - ₹5 L/yr

Area Manager Salary

(6 salaries)

₹8.04 L/yr - ₹19.83 L/yr

Store Manager Salary

(115 salaries)

₹2.2 L/yr - ₹9.42 L/yr

Team Lead Salary

(117 salaries)

₹1.3 L/yr - ₹4 L/yr

Branch Manager Salary

(AmbitionBox Estimate)

₹1 L/yr - ₹1.3 L/yr

Deputy Manager Salary

(3 salaries)

₹2.1 L/yr - ₹5.1 L/yr

Project Manager Salary

(AmbitionBox Estimate)

₹8.6 L/yr - ₹11 L/yr

Cluster Manager Salary

(5 salaries)

₹16 L/yr - ₹33 L/yr

Operations Manager Salary

(13 salaries)

₹5.7 L/yr - ₹11.5 L/yr

Department Manager Salary

(43 salaries)

₹2 L/yr - ₹7 L/yr

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

Department Manager in Kolkata

Merchandising, Retail & eCommerce Department

5.0

• posted on 19 Apr 2018

5.0

for Salary and Benefits

Likes

...learn lots of things from this company and hence I am working here last 11years. There is no delay in salary every time got on time. Actually I love to work at Spencer's, hence I am working since 11yrs

Dislikes

Overall ok

Customer Service Manager in Kakinada

E&E Department

4.0

• posted on 03 Sep 2018

2.0

for Salary and Benefits

Likes

spencer's retail is good industry. for job security but growth wise low opurtunities .

Dislikes

.... if as a senior c.s.a salarry is identically equally to new join juniour c.s.a salary .

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.

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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 Manager M1 Salary FAQs

What is the notice period for Manager M1 at Spencer's Retail?

According to AmbitionBox, 100% of the Spencer's Retail Manager M1s 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 Manager M1 Salaries

Spencer's Retail Manager M1 salary in India ranges between ₹8.1 Lakhs to ₹10.4 Lakhs. This is an estimate based on latest salaries received from employees of Spencer's Retail.