Store Manager Salary, Job Responsibilities, Skills Required and Top Recruiters

A Store Manager, also known as a Retail Manager, is a professional charged with overseeing the day-to-day operations of the outlet or store where they work. They must be knowledgeable about employees, sales, statistics, budgeting, resource management, and so on.

Students who pursue a career in retail management gain a broad understanding of concepts such as retail management, pricing and merchandising, relationship marketing, and retail IT, among others.

People with a passion for sales marketplaces, business diversification, campaigning, advertising, market research, and segmentation will find plenty of job opportunities in the country's retail sector, which is currently booming.

With the retail industry's continued growth, there is an increased demand for retail courses that will prepare students to deal with the tactics, procedures, and procedures that will help them generate more sales and customer satisfaction. There are more than 2 million retail management jobs available around the world.

Department stores, export houses, retail outlets, manufacturers, and other similar businesses may be able to provide these individuals with attractive employment opportunities. Such jobs typically pay between INR 2-5 lacs as a starting salary (approx.).

Table Of Contents

What does a Store Manager do?
Skills required to become Store Manager
Salary of a Store Manager in India

3.1 Company Wise salary

3.2 City Wise Salary

3.3 Level Wise Salary

3.4 Experience Wise salary

3.5 Top Recruiters

Scope of Store Manager in India
Salary of a Store Manager FAQs

What Does a Store Manager Do?

Store Managers are given the responsibility to keep a check on the regular operations of a particular store so as to ensure the smooth working of the same.
Their responsibilities and duties include development of promotional materials, training of new staff for efficient working, constantly motivating the sales team, creating the business strategies for effective results in the future.
Store Managers or Retail Managers are required to keep a constant check on whether the customer complaints are being met and solved, service provided is effective and efficient, etc.
Their work involves the development of the concerned store strategies so as to increase the customers’ pool, profitability, store traffic, etc.
Apart from this, supervising assistant store managers is one of the responsibilities of a store manager.

Skills Required to Become a Store Manager

Store managers should excel at customer service above all else when it comes to soft skills. Store managers must maintain order in their stores, which necessitates excellent communication and leadership abilities. Some of the most essential skills have been given below for your reference:

Store Management Skills	Knowledge of Company Policies	Customer Service Skills
Human Resources	Knowledge of the Products	Knowledge of Action Plans
Should Be Hardworking	Maintaining good customer relations	Performance Evaluations
Financial Objectives	-	-

Salary of a Store Manager in India

Salary is important in the most basic sense because the vast majority of people would not do their jobs if they were not compensated for them. It is also critical to pay a reasonable wage for the necessary labour.

Candidates who land a lucrative job as a Store Manager can expect to earn between INR 2 and 5 lacs per year at first. However, with increased knowledge, skills, and hard work in the relevant field, pay tends to rise.

Company Wise Salary

In India, various reputed companies recruit deserving Store Managers for the smooth and efficient functioning of the concerned store. These companies include Reliance Smart, Airtel, Starbucks, Lenskart, D Mart, Vodafone and so on. The salaries offered to Store Managers at each of the above mentioned companies has been listed below for your reference:

Name of the Company	Average Salary
Reliance Smart	INR 4,00,000 - 8,00,000
Airtel	INR 3,00,000 - 4,00,000
Starbucks	INR 4,17,000
Lenskart	INR 50,000 - 1,50,000
D Mart	INR 4,00,000 - 12,00,000
Vodafone	INR 4,50,000 - 15,00,000

City Wise Salary

Just like different companies pay different amounts to Store Managers, similarly, different cities offer different salaries to the professionals. The salaries offered to Store Managers in different cities of India have been listed below:

Name of the City	Average Salary
New Delhi	INR 7,20,000
Bangalore	INR 6,40,000
Hyderabad	INR 6,40,000
Kolkata	INR 6,00,000
Mumbai	INR 7,70,000 - 10,00,000
Chennai	INR 4,70,000 - 7,50,000

Level Wise Salary

The level of an individual is also an important factor in determining the salary of an individual and deciding upon what should be the appropriate pay for them.

In order to hold a high position as a Store Manager, one must possess all the necessary skills that have already been listed in the skills section along with the fulfilment of important education in this field. The salaries baked upon the levels have been given below for your reference:

Level	Salary
Senior Store Manager	INR 6,30,000 - 7,00,000
Junior Store Manager	INR 3,50,000 - 4,00,000

Experience Wise Salary

Experience does matter when it comes to raising a person's salary in their chosen field. This is due to the fact that reputable organisations that hire these professionals require applicants to have a basic understanding of the field and to work in a way that allows them to gain a deeper understanding of their field. As a result, if you have a lot of experience, you can earn a lot of money.

Experience	Salary
Less than 3 years	INR 2,00,000 - 2,30,000
4-9 years	INR 4,90,000 - 5,00,000
10 - 20 years	INR 8,13,000
More than 20 years	INR 9,60,000

Top Recruiters

With the retail industry's continued growth, there is an increased demand for retail courses that will prepare students to deal with the tactics, procedures, and procedures that will help them generate more sales and customer satisfaction.

There are more than 2 million retail management jobs available around the world. Some of the top recruiters of Store Managers in India have been listed below for your reference:

Reliance Smart	Airtel	Vodafone
Starbucks	Lenskart	D Mart
Lifestyle	Forever 21	Bata India

Scope of Store Managers in India

The organised retailing sector in India currently accounts for only 3% of the country's GDP, but it is expected to grow from 25% to 30%.
This shows that the Indian retail market has a lot of room to grow.
Because a Store Manager's job entails a variety of responsibilities, there is a good chance that his or her responsibilities will expand.
Store Managers are needed in a variety of industries, including department stores, export houses, retail outlets, manufacturers, and others.

Store Manager Jobs in India: FAQs

Ques. Who is a Store Manager?

Ans. A Store Manager is a trained professional who checks on the everyday working of the store to make sure that the store is working in an effective and efficient manner.

Ques. Are our Retail Managers and Store Managers the same?

Ans. Yes, they both are the same even though the words seem to be different.

Ques. How can I become a Store Manager in India?

Ans. To become a Store Manager in India, you must hold a Bachelor's Degree in the Retail Management field along with some professional certifications in the field.

Ques. Can being a Store Manager be considered a good career?

Ans. With the tremendous growth in the economy, retail management has become one of the fastest-growing careers in the industry. India's retail market is the most appealing and developing in the world. In recent years, there has been a greater demand for trained professionals in this field.

Ques. What is the average initial salary of Store Managers in India?

Ans. Such jobs typically pay between INR 2-5 lacs as a starting salary (approx.).

Ques. Where can I find appropriate jobs in this field?

Ans. You can find appropriate employment opportunities in areas such as Department stores, export houses, retail outlets, manufacturers, and other similar businesses.

Ques. Do Store Managers have importance in recent times?

Ans. People with a passion for sales marketplaces, business diversification, campaigning, advertising, market research, and segmentation will find plenty of job opportunities in the country's retail sector, which is currently booming. Store Managers are also the ones who can attend to all of the needs of customers in any store or shop.

Ques. What should an individual consist of in order to be an excellent Store Manager?

Ans. You'll need a strong team, excellent leadership skills, and a data-driven mindset to be a successful retail store manager.