Salaries of Product Manager in India - Largest Survey Results
How much are Indian PMs paid? This is the largest sample of over 1,000 currently employed PMs in India, exploring the data from every angle.
We’ve collected the largest dataset of Indian PMs ever done in a compensation survey: 1019 PMs working in India. We also got over 5M+ impressions on the survey requests, allowing us to capture the most representative sample of Indian Product Managers to date.
Table of Contents
Here’s a review of some of the findings we found most surprising:
1. How much Product Managers in India are paid
1.1 Pay by Title
As PMs progress from APM to CPO, average compensation jumps from 17 lakhs to 130 lakhs. That’s a 7.6x jump as you move up the ladder.
If you’re looking to hire Indian PMs from abroad, here’s what these translate to in USD:
Associate Product Manager: $19,898
Product Manager: $37,499
Senior Product Manager: $62,961
Principal / Group Product Manager: $94,376
Product Director: $118,861
VP of Product: $144,779
Chief Product Officer: $156,314
And here is what the distributions look like:
Clearly, the width of the band grows as you go up. And that’s what you’d expect. But even a PM on the minimum end of the bands would go from 4 lakhs to 48 lakhs if they rose from APM to CPO. Based on the data, they’d be living in a lower cost area of India anyways.
1.2 Pay by Location
Indeed, India is a huge country, with a wide distribution of compensation that relates directly to where the job is.
So, the first thing to consider is: where is your company headquartered?
As you’d expect, Bangalore, Hyderabad, and the US pay the most. After that come Delhi, Pune, Mumbai, and Chennai.
1.3 Pay by Experience
The next thing is: how many years of work experience do you have?
The more work experience, the more you’re going to command. At the same time, the 75th percentile with 6-10 years experience makes 57 lakh, which is more than the 25th percentile of 16-20 years. So a lot also has to do with the companies you work for and your career success.
As you can see, overall work experience is the most important vector:
1.4 Pay by Company Factors
The size of company a large impact:
People who hold the title ‘Product Manger’ at a large companies with >5000 employees have a median pay of 32 lakhs, more than double those at companies with <50 employees, with a median pay of 15 lakhs.
The final dimension to know at the high-level is the revenue of the company. Like with employee number, pay scales substantially with company revenue, especially at the PM level.
2. Who Product Managers in India are
Something none of the other surveys have had a chance to look at, due to their small size and reach, is: who is the Indian PM?
How many are at what level of seniority?
What types of companies do they work for?
Let’s take a look at the survey distributions to learn more.
2.1 The Seniority Distribution of Product Managers in India
There’s the typical pyramid shape you would expect to see in terms of title:
Associate Product Manager: 21%
Product Manager: 39%
Senior Product Manager: 29%
Principal/ Group Product Manager: 6%
Product Director: 2%
VP of Product: 2%
CPO: 1%
2.2 The Types of Companies Product Managers work for
So what types of companies do Indian PMs work for?
40%+ PMs work at companies with >1000 employees
33% have revenue of >1000 crores
50% are in South India
2.3 The Profile of Indian PMs
And what’s the typical profile of Indian PMs?
66% of PMs have 3-10 years of experience
But they have less PM work experience
38% of PMs are in Bangalore, 17% in Delhi
Now, let’s go through all the more granular cuts - and what to do with this data as an employer or employee…
(And don’t sleep on the companies hiring PMs in India right now list. It’s where other PMs have interviewed in the past 12 months.)
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