Average Merchandise Manager Salary in India for 2024

In this article, we will look at the average Merchandise Manager salary for 2024 in India and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Indian rupee. To keep things simple, we are using the INR currency code instead of the currency symbol ₹.

How Much Does a Merchandise Manager Make in India?

A Merchandise Manager working in India will typically earn around 394,300 INR per year, and this can range from the lowest average salary of about 190,500 INR to the highest average salary of 619,000 INR.

Average Annual Salary

394,300 INR

Average Monthly Salary

32,858 INR

Lowest Annual Salary

190,500 INR

Lowest Monthly Salary

15,875 INR

Highest Annual Salary

619,000 INR

Highest Monthly Salary

51,583 INR

These are average salaries for a Merchandise Manager in India and include benefits such as housing and transport. It's also possible for a Merchandise Manager to earn more or less than the average salaries shown above.

Merchandise Manager salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Merchandise Manager Salaries in India

So we've looked at the average salaries a Merchandise Manager will earn in India. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Merchandise Manager can earn between 190,500 INR and 619,000 INR on average in India. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Merchandise Manager in India is 411,400 INR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 411,400 INR, and 50% of the population earn more than 411,400 INR.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Merchandise Manager salary in India, 25% of the population are earning less than 271,300 INR while 75% of the population earn more than 271,300 INR.

75% of the population earn less than 535,800 INR, and 25% of the population earn more than 535,800 INR.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

If your salary is higher than the average and the median salary, you are earning well compared to others.
If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Merchandise Manager Salary by Experience Level in India

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average merchandise manager salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

0 - 2 Years Experience. A Merchandise Manager in India that has less than two years of experience can expect to earn somewhere in the region of 222,300 INR.
2 - 5 Years Experience. With two to five years of experience the average Merchandise Manager salary would increase to 315,700 INR.
5 - 10 Years Experience. From five to ten years of experience as a Merchandise Manager, the average salary would be 414,000 INR.
10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 507,300 INR.
15 - 20 Years Experience. A Merchandise Manager with 15 to 20 years of experience can earn an average of 538,600 INR.
20+ Years Experience. For a Merchandise Manager with more than 20 years, the expected average salary increases to 592,600 INR.

Average Salary by Experience Chart

0-2 Years		222,300 INR
2-5 Years	+42%	315,700 INR
5-10 Years	+31%	414,000 INR
10-15 Years	+23%	507,300 INR
15-20 Years	+6%	538,600 INR
20+ Years	+10%	592,600 INR

Merchandise Manager Salary by Education Level in India

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Merchandise Manager in India based on the education level of the employees in order to find out whether a better education level would increase your salary.

High School. A Merchandise Manager in India with a high school education can earn an average salary of 273,000 INR.
Certificate or Diploma. A Merchandise Manager in India with a certificate or diploma education can earn an average salary of 318,800 INR.
Bachelor's Degree. A Merchandise Manager in India with a bachelor's degree education can earn an average salary of 466,300 INR.
Master's Degree. A Merchandise Manager in India with a master's degree education can earn an average salary of 572,200 INR.

Average Salary by Education Chart

High School		273,000 INR
Certificate or Diploma	+16%	318,800 INR
Bachelor's Degree	+46%	466,300 INR
Master's Degree	+23%	572,200 INR

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in India is around 160,000 to 479,000 INR and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Merchandise Manager Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In India, a male merchandise manager will earn an average of 419,400 INR, while a female merchandise manager will earn around 384,200 INR.

This means that a male merchandise manager earns approximately 9% more than a female merchandise manager for performing the same job.

Average Salary by Gender Chart in India

Male		419,400 INR
Female	-9%	384,200 INR

Merchandise Manager Average Pay Raise in India

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Merchandise Manager in India is around 11% every 18 months.

The national average pay raise across all professions and industries in India is around 9% every 16 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 11 ÷ 18 ) × 12  = 7%

What this means is that a Merchandise Manager in India can expect to receive an average pay raise of around 7% every 12 months.

Annual Pay Raise by Industry in India for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in India.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking		1%
Energy		2%
Information Technology		3%
Healthcare		4%
Travel		5%
Construction		6%
Education		7%

Merchandise Manager Bonus and Incentive Rates in India

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Merchandise Manager is a moderate bonus based job, with 57% of employees reporting at least one bonus in the last 12 months.

43% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 6%.

Received Bonus		57%
No Bonus		43%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in India earn approximately 6% more than private sector employees in the same role.

Public Sector		392,300 INR
Private Sector	-6%	371,100 INR

Salaries for Jobs Similar to a Merchandise Manager

In the table below, we have salary information for jobs that are similar to a Merchandise Manager in India.

Job Title	Category	Salary
Asset Management Associate	Purchasing and Inventory	332,500 INR
Asset Protection Associate	Purchasing and Inventory	339,100 INR
Asset Protection Specialist	Purchasing and Inventory	357,300 INR
Assistant Buyer	Purchasing and Inventory	301,700 INR
Buyer	Purchasing and Inventory	514,300 INR
Capacity Planner	Purchasing and Inventory	369,300 INR
Category Leader	Purchasing and Inventory	345,700 INR
Category Management Specialist	Purchasing and Inventory	357,300 INR
Category Manager	Purchasing and Inventory	394,300 INR
Channel Services Representative	Purchasing and Inventory	357,300 INR
Contracts Manager	Purchasing and Inventory	419,400 INR
Contracts Specialist	Purchasing and Inventory	341,400 INR
Demand Planner	Purchasing and Inventory	369,300 INR
Demand Planning Manager	Purchasing and Inventory	444,300 INR
Distribution Assistant	Purchasing and Inventory	297,000 INR
Distribution Associate	Purchasing and Inventory	301,700 INR
Distribution Manager	Purchasing and Inventory	656,800 INR
Inventory Analyst	Purchasing and Inventory	332,100 INR
Inventory Control Clerk	Purchasing and Inventory	180,500 INR
Inventory Control Manager	Purchasing and Inventory	454,900 INR
Inventory Management Associate	Purchasing and Inventory	351,900 INR
Inventory Specialist	Purchasing and Inventory	332,100 INR
Logistics Engineer	Purchasing and Inventory	309,800 INR
Master Planner	Purchasing and Inventory	322,600 INR
Material Handler	Purchasing and Inventory	204,000 INR
Material Planning Specialist	Purchasing and Inventory	290,800 INR
Procurement Administrator	Purchasing and Inventory	403,100 INR
Procurement Agent	Purchasing and Inventory	263,100 INR
Procurement Analyst	Purchasing and Inventory	428,400 INR
Procurement Assistant	Purchasing and Inventory	263,100 INR
Procurement Associate	Purchasing and Inventory	357,300 INR
Procurement Clerk	Purchasing and Inventory	161,300 INR
Procurement Engineer	Purchasing and Inventory	332,500 INR
Procurement Manager	Purchasing and Inventory	684,900 INR
Procurement Officer	Purchasing and Inventory	161,300 INR
Procurement Process Analyst	Purchasing and Inventory	397,900 INR
Procurement Specialist	Purchasing and Inventory	314,500 INR
Production Planner	Purchasing and Inventory	369,300 INR
Project Buyer	Purchasing and Inventory	428,400 INR
Purchaser	Purchasing and Inventory	514,300 INR
Purchasing Agent	Purchasing and Inventory	283,700 INR
Purchasing Assistant	Purchasing and Inventory	183,600 INR
Purchasing Manager	Purchasing and Inventory	684,900 INR
Purchasing Officer	Purchasing and Inventory	309,800 INR
Purchasing Supervisor	Purchasing and Inventory	454,900 INR
Shipping and Receiving Clerk	Purchasing and Inventory	164,200 INR
Shipping Coordinator	Purchasing and Inventory	322,600 INR
Stock Clerk	Purchasing and Inventory	180,500 INR
Stock Regulator	Purchasing and Inventory	197,600 INR
Storage Manager	Purchasing and Inventory	428,400 INR
Store Keeper	Purchasing and Inventory	172,200 INR
Stores and Logistics Coordinator	Purchasing and Inventory	351,900 INR
Supply Chain Analyst	Purchasing and Inventory	485,300 INR
Supply Chain Coordinator	Purchasing and Inventory	362,200 INR
Supply Chain Development Manager	Purchasing and Inventory	628,000 INR
Supply Chain Director	Purchasing and Inventory	714,600 INR
Supply Chain Manager	Purchasing and Inventory	684,900 INR
Supply Planner	Purchasing and Inventory	332,500 INR
Warehouse Assistant	Purchasing and Inventory	137,400 INR
Warehouse Clerk	Purchasing and Inventory	143,200 INR
Warehouse Executive	Purchasing and Inventory	568,500 INR
Warehouse Lead	Purchasing and Inventory	386,400 INR
Warehouse Manager	Purchasing and Inventory	597,800 INR
Warehouse Supervisor	Purchasing and Inventory	419,400 INR
Wholesale Buyer	Purchasing and Inventory	514,300 INR

Salary Comparison by City

If you want to compare salaries with different cities in India, you can use the links below to explore the data for each specific city we have researched.

City	Average Salary
agra	376,800 INR
Ahmadabad	428,400 INR
Bangalore	440,200 INR
Bhopal	415,900 INR
Chennai	420,800 INR
Coimbatore	381,800 INR
Delhi	459,300 INR
Ghaziabad	381,800 INR
Hyderabad	428,400 INR
Indore	414,000 INR
Jaipur	437,900 INR
Kanpur	407,300 INR
Kolkata	437,900 INR
Lucknow	421,400 INR
Ludhiana	361,500 INR
Madurai	361,500 INR
Mumbai	471,700 INR
Nagpur	392,300 INR
Patna	376,800 INR
Pimpri-Chinchwad	407,100 INR
Pune	442,300 INR
Surat	420,800 INR
Vadodara	369,300 INR
Visakhapatnam	388,100 INR

Salary Comparison by State

The table below includes links to the average salary for each state in India.

City	Average Salary
Andaman & Nicobar Islands	341,400 INR
Andhra Pradesh	447,700 INR
Arunachal Pradesh	382,600 INR
Assam	447,300 INR
Bihar	459,300 INR
Chandigarh	348,300 INR
Chhatisgarh	419,400 INR
Dadra & Nagar Haveli	351,200 INR
Daman & Diu	352,000 INR
Delhi	425,100 INR
Goa	357,300 INR
Gujarat	437,900 INR
Haryana	411,400 INR
Himachal Pradesh	397,900 INR
Jammu & Kashmir	415,900 INR
Jharkhand	457,300 INR
Karnataka	437,300 INR
Kerala	424,900 INR
Lakshadweep	335,800 INR
Madhya Pradesh	472,000 INR
Maharashtra	489,500 INR
Manipur	367,900 INR
Meghalaya	369,900 INR
Mizoram	354,000 INR
Nagaland	378,300 INR
Orissa	447,700 INR
Pondicherry	378,300 INR
Punjab	403,100 INR
Rajasthan	447,300 INR
Sikkim	349,300 INR
Tamil Nadu	459,700 INR
Tripura	398,300 INR
Uttar Pradesh	459,300 INR
Uttaranchal	413,900 INR
West Bengal	454,900 INR

Link To or Reference This Page

We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be as useful to you as possible.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference World Salaries as the source. We appreciate your support!

<a href="https://worldsalaries.com/average-merchandise-manager-salary-in-india/">Average Merchandise Manager Salary in India for 2024</a>
"Average Merchandise Manager Salary in India for 2024". World Salaries. Accessed on April 23, 2024. https://worldsalaries.com/average-merchandise-manager-salary-in-india/.
"Average Merchandise Manager Salary in India for 2024". World Salaries, https://worldsalaries.com/average-merchandise-manager-salary-in-india/. Accessed 23 April, 2024
Average Merchandise Manager Salary in India for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-merchandise-manager-salary-in-india/.