Store Manager Salary
Aspirants, who want to get the information about Store Manager Salary 2022 in India, are at right place to get entire details from this page. Store Manager is also known as Store Supervisor. Store Manager is individually responsible for all the operations done at store.
On this page, we have provided Store Manager Starting Salary Structure, Store Manager average monthly Salaries and complete Pay Scale per month details.
The average salary for a store manager is ₹45,815 per month in India.
The average salary for a Store Manager is ₹5,49,800 per year (₹45,815 per month), which is ₹1,62,300 (+42%) higher than the national average salary in India. A Store Manager can expect an average starting salary of ₹2,20,500. The highest salaries can exceed ₹13,00,000.
Store Manager Salary
Store Manager – Salary Differences
|Senior Retail Store Manager||₹814K/year||+48%|
|Luxury Retail Store Manager||₹665K/year||+21%|
|Optical Store Manager||₹539K/year||-2%|
|Junior Store Manager||₹352K/year||-36%|
Who is Store Manager?
A store manager is responsible for overseeing the daily operations of a store, making sure it runs smoothly and effectively. Their duties include motivating sales teams, creating business strategies, developing promotional material, and training new staff.
Store Manager must have some of these skills such as Enthusiasm, excellent IT skills, numerical skills, verbal communication skills, team working skills, organizational skills, resourcefulness, confidence and commercial awareness.
Requirements for Store Manager
- High school education or equivalent, bachelor’s degree preferred
- Minimum 2 years retail management experience
- Great communication skills
- Ability to lead and motivate a team
- Ability to work in high-pressure situations and think on your feet
- Ability to read and understand sales data
- Excellent organizational and time management skills
- Self-motivated and confident
Check Here: Sales Manager Salary
Average Retail Store Manager Salary in India
|Base Store Manager Salary India||₹197k – ₹810k|
|Store Manager Bonus||₹5k – ₹194k|
|Profit Sharing||₹2k – ₹388k|
|Commission||₹10k – ₹202k|
|Total Store Manager Pay Scale||₹210k – ₹908k|
Store Manager Salaries in India
You can get Store Manager Salary in India Per Month from below table:
|Store Manager Salary in MNC Company||Average Store Manager Salary in (INR)|
|Store Manager Salary Airtel (Bharti Airtel)||₹27,737 /mo|
|Bata India||₹27,462 /mo|
|Store Manager Salary in Reliance Industries||₹5,02,823 /yr|
|Lenskart Solutions||₹35,762 /mo|
|Reliance Retail||₹4,03,848 /yr|
|Reliance Brands||₹6,89,149 /yr|
|Future Group||₹6,30,854 /yr|
|Aditya Birla Group||₹4,88,324 /yr|
|Titan Industries (India)||₹42,524 /mo|
|Vishal Mega Mart||₹7,43,629 /yr|
|Vodafone Idea||₹4,81,428 /yr|
Know Details About: Project Manager Salary
What is the Pay by Experience Level for Retail Store Managers?
An entry-level Retail Store Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of ₹298,140 based on 47 salaries. An early career Retail Store Manager with 1-4 years of experience earns an average total compensation of ₹307,241 based on 288 salaries.
A mid-career Retail Store Manager with 5-9 years of experience earns an average total compensation of ₹409,954 based on 354 salaries. An experienced Retail Store Manager with 10-19 years of experience earns an average total compensation of ₹511,556 based on 263 salaries. In their late career (20 years and higher), employees earn an average total compensation of ₹500,123
Highest Paying Cities In India For Store Managers
Check Store Manager Salary Per Month from below:
|Kolkata, West Bengal||₹22,670|
|Chennai, Tamil Nadu||₹20,977|
Top Companies For Store Managers In India
- Aditya Birla Fashion and Retail: ₹31,237 per month
- Bata: ₹28,868 per month
- com: ₹28,839 per month
Must Check: Assistant Manager Salary
|Sales Manager||₹ 591,000|
|Business Manager||₹ 501,924|
|Business Development Manager||₹ 500,001|
|Area Sales Manager||₹ 500,000|
|Assistant Manager||₹ 500,000|
|Business Development Executive||₹ 350,000|
|Business Executive||₹ 350,000|
|Sales Officer||₹ 300,000|
Skills That Affect Retail Store Manager Salaries
Different skills can affect your salary. Below are the most popular skills and their effect on salary.
|Store Management Suite (SMS)||▲130%|
|Customer Relationship Management (CRM)||▲28%|
How Work Experience Affects the Salary of a Store Manager
|Late Career||▲ +76%|
|Mid Career||▼ -9%|
|Entry Level||▼ -58%|
Store Manager Job Profile Salary in India
|Senior Retail Store Manager||₹814K/year|
|Luxury Retail Store Manager||₹665K/year|
|Optical Store Manager||₹539K/year|
|Junior Store Manager||₹352K/year|
Duties of Store Manager
Typical responsibilities of the job include:
- recruiting, training, supervising and appraising staff
- managing budgets
- maintaining statistical and financial records
- dealing with customer queries and complaints
- overseeing pricing and stock control
- maximising profitability and setting/meeting sales targets, including motivating staff to do so
- ensuring compliance with health and safety legislation
- preparing promotional materials and displays
- liaising with head office.
You Can Also Check: Office Manager Salary
Now, you get familiar with Store Manager Salary for various locations and companies. To know pay amount for Retail Store Manager Salary and other profiles, stay tuned with us. You can also stay connected with us to know more details about Store Manager Salaries.
Something That You Should Put An Eye On
|Bank Manager Salary in India||Jobs As Per Your Qualification|
|General Manager Salary||Jobs by Organization|
|Highest Paying Government Jobs in India||Latest Jobs Openings For Freshers|
|Latest Jobs In Private Sector||–|