VIP Industries Branch Manager Salaries by 5 Employees

13 - 15 years exp.

₹21.6 Lakhs - ₹23.5 Lakhs

Low Confidence

Salary of majority employees

142% more than the average Branch Manager Salary in Retail Companies for 13 - 15 years of experience

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Last Updated: 16 Sep 2024

Companies similar to VIP Industries for Branch Manager

Company name	Avg Annual Salary	Open Jobs
Vijay Sales Branch Manager Salary 9 - 18 years exp. (49 salaries)	₹5.1 L/yr - ₹14 L/yr 59% less
SPAR Hypermarkets Branch Manager Salary 10 - 20 years exp. (7 salaries)	₹15 L/yr - ₹17 L/yr 30% less
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V-bazaar Retail Branch Manager Salary 5 - 7 years exp. (4 salaries)	₹4.5 L/yr - ₹6 L/yr 75% less
ICICI Bank Branch Manager Salary 4 - 21 years exp. (2.3k salaries)	₹5.3 L/yr - ₹23 L/yr 42% less
HDFC Bank Branch Manager Salary 5 - 23 years exp. (1.6k salaries)	₹6.5 L/yr - ₹26.9 L/yr 32% less	16 job openings

Branch Manager salary at VIP Industries ranges between ₹21.6 Lakhs to ₹23.5 Lakhs per year for employees with experience between 13 years to 15 years. Salary estimates are based on 5 latest salaries received from various employees of VIP Industries.

Experience wise VIP Industries Branch Manager salaries

Last Updated: 16 Sep 2024

Experience	Avg Annual Salary
13 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹21.7 L/yr
14 years (3 salaries)	₹21.6 L/yr - ₹23 L/yr
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15+ years (AmbitionBox Estimate)	₹9.2 L/yr - ₹23.5 L/yr

From

Branch Manager

13 - 15 years exp.

Regional Sales Manager

12 - 21 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in VIP Industries

Area Manager Salary

(3 salaries)

₹10.34 L/yr - ₹12 L/yr

Sales Manager Salary

(AmbitionBox Estimate)

₹2.5 L/yr - ₹3.2 L/yr

Deputy Manager Salary

(AmbitionBox Estimate)

₹12.2 L/yr - ₹15.6 L/yr

Branch Sales Manager Salary

(AmbitionBox Estimate)

₹10.2 L/yr - ₹13 L/yr

Operations Manager Salary

(AmbitionBox Estimate)

₹5.1 L/yr - ₹6.6 L/yr

Area Sales Manager Salary

(86 salaries)

₹6 L/yr - ₹17 L/yr

Territory Manager Salary

(5 salaries)

₹7.5 L/yr - ₹11.21 L/yr

Relationship Manager Salary

(AmbitionBox Estimate)

₹0.2 L/yr - ₹0.2 L/yr

Sales Officer Salary

(86 salaries)

₹1.6 L/yr - ₹7.9 L/yr

Accountant Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹3 L/yr

Salary related reviews for VIP Industries

5.0

Rated by 2 employees for salary & benefits

Area Sales Manager in Mumbai

Sales & Business Development Department

1.0

• posted on 09 Jan 2022

1.0

for Salary and Benefits

Likes

The brands and the nation wide recognition and it's presence is the best part of working with VIP.

Dislikes

... it comes to difficult times. Half the field force was fired during covid times. Front line workers were at a 50% salary cut where as management staff was at a 25% salary cut. Performance pay of 19-20 was not given by company. All other variable part was cancelled. It's a typical lala company where big position holders are there to guard their positions till retirement. HR keeps a swinging sword on your head rather than helping. A person coming from outside the company will not be able to survive for long.

Salary - Bad

+6 more

Sales Executive in Bhopal

Sales & Business Development Department

4.0

• posted on 12 May 2021

3.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Skill development - Good

+4 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees

Job security - Poor

Area Sales Manager in Noida

Sales & Business Development Department

4.0

• posted on 24 Aug 2020

5.0

for Salary and Benefits

Likes

They have given us a option of work from home.Although a salary cut is there Grade-wise and major Layoffs has already been done but i have a very nice experience in this organisation.

Salary - Excellent

+6 more

Dislikes

... times they took decisions very fast to Lay Off the employees which is not good.They can go for more Salary Cuts,it can be a Leave Without pay Option but Layoffts and that too in April itself was not at all good.

Area Sales Manager in Nagpur

Sales & Business Development Department

2.0

• posted on 03 Jul 2020

2.0

for Salary and Benefits

Likes

They have cut jobs and salaries at all levels.

Dislikes

...t sighted view of the company. No worth of human resource. It's just businesses. Compensation is poker

Salary - Poor

+4 more

Shift Incharge in Hapur

Full Time

Procurement & Supply Chain Department

4.0

• posted on 04 Dec 2024

4.0

for Salary and Benefits

Likes

I joined VIP industries June -24 . There are many opportunities to learn and develop new skills.management is good and keeps employees stress free. The company has a supportive work culture and diverse ,multi - culture team.the company's core values include youthfulness ,meritocracy, entrepreneurship and innovation.

Salary - Good

+5 more

Dislikes

... is poor . Internal promotion are rare. Employees required to work extend hours. The company treats trainees as a contract labour and offer them low salary.

see more salary related reviews

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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VIP Industries Branch Manager Salary FAQs

What is the salary of Branch Manager at VIP Industries ?

The average salary of a Branch Manager at VIP Industries in India typically ranges from ₹21.6 Lakhs to ₹23.5 Lakhs per year, depending on experience (from 13 years to 15 years).

The top 10% of Branch Manager at VIP Industries earn more than ₹23.5 Lakhs per year, and the top 1% earn over ₹23.5 Lakhs per year. Branch Manager Salaries at VIP Industries 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 5 VIP Industries employees in India.

What is the estimated take home salary of a Branch Manager at VIP Industries in India?

The estimated take-home salary of a Branch Manager at VIP Industries in India typically ranges from ₹1,43,832 to ₹1,49,198 per month. This is based on the average salary range of ₹21.6 Lakhs to ₹23.5 Lakhs per year for employees with experience ranging from 13 years to 15 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 5 salaries received from various employees of VIP Industries. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Branch Manager in companies similar to VIP Industries in India?

The salary of a Branch Manager at companies similar to VIP Industries in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

SPAR Hypermarkets	₹15.0 Lakhs to ₹17.0 Lakhs per year
HDFC Bank	₹6.5 Lakhs to ₹26.9 Lakhs per year
ICICI Bank	₹5.3 Lakhs to ₹23.0 Lakhs per year
Vijay Sales	₹5.1 Lakhs to ₹14.0 Lakhs per year
V-bazaar Retail	₹4.5 Lakhs to ₹6.0 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 Branch Manager at VIP Industries in India?

The salary growth for a Branch Manager at VIP Industries depends on factors such as experience, performance, and promotions. On average, a Branch Manager can expect the following growth trajectory at VIP Industries:

Experience	Average Salary Range
13 years	₹8.6 Lakhs to ₹21.7 Lakhs per year
14 years	₹21.6 Lakhs to ₹23.0 Lakhs per year
15 years	₹9.2 Lakhs to ₹23.5 Lakhs per year

and so on.

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VIP Industries Branch Manager Salaries

VIP Industries Branch Manager salary in India ranges between ₹21.6 Lakhs to ₹23.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 VIP Industries latest salaries received from various employees of VIP Industries.