Salaries of Product Managers in India: Latest Report

Salaries of Product Managers in India

Average Product Manager, Software Salary in India is close to - Rs. 1,691,644 (source: Payscale) Average Product Manager, Software Salary in India is close to - Rs. 1,691,644 (source: Payscale)

The salary of course varies based on the industry, hierarchy, location, and multiple other factors. The salary of course varies based on the industry, hierarchy, location, and multiple other factors.

For e.g., a product manager in the banking industry gets paid Rs. 10-12 lacs p.a. whereas in the e-commerce industry it could be Rs. 15-17 lacs p.a. (source: glassdoor) For e.g., a product manager in the banking industry gets paid Rs. 10-12 lacs p.a. whereas in the e-commerce industry it could be Rs. 15-17 lacs p.a. (source: glassdoor)

Salary range for different Product roles in India: Product Owner: Rs. 651k - Rs. 2m Product Manager: Rs. 714k - Rs. 3m Senior Product Manager: Rs. 981k - Rs. 4m Principal Product Manager: Rs. 2m - Rs. 7m Director of Product Management: Rs. 3m - 8m (Source-Payscale) Salary range for different Product roles in India: Product Owner: Rs. 651k - Rs. 2m Product Manager: Rs. 714k - Rs. 3m Senior Product Manager: Rs. 981k - Rs. 4m Principal Product Manager: Rs. 2m - Rs. 7m Director of Product Management: Rs. 3m - 8m (Source-Payscale)

Location plays an important role too. A Product Manager in Bangalore earns an average of 16.8% more than the national average. Location plays an important role too. A Product Manager in Bangalore earns an average of 16.8% more than the national average.

Pay Difference by Location ▲17% Pune, Maharashtra ▲6% Chennai, Tamil Nadu ▼2% Hyderabad, Andhra Pradesh ▼3% Gurgaon, Haryana ▼10% Mumbai, Maharashtra ▼13% New Delhi, Delhi ▼29% Pay Difference by Location ▲17% Pune, Maharashtra ▲6% Chennai, Tamil Nadu ▼2% Hyderabad, Andhra Pradesh ▼3% Gurgaon, Haryana ▼10% Mumbai, Maharashtra ▼13% New Delhi, Delhi ▼29%

This role has a clear growth path and rewards offered along the trajectory. As one progresses in this role, one gets to see a clear jump of 100 - 200% salary for every decade of experience. This role has a clear growth path and rewards offered along the trajectory. As one progresses in this role, one gets to see a clear jump of 100 - 200% salary for every decade of experience.

A career path in Product Management is both professionally and financially rewarding. With most of the organizations focusing on building a product-centric culture, the role is definitely going to stay. A career path in Product Management is both professionally and financially rewarding. With most of the organizations focusing on building a product-centric culture, the role is definitely going to stay.

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