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Introduction:
Product managers are in high demand, not only abroad but also in India. They are being recruited across various industries and companies, and it’s noteworthy that this role is among the highest-paying jobs today. Hello, I’m Sachin Sharma, and with over 10 years of experience in product management, I’ve mentored over 1,000 aspiring product managers. Today, I’ll be discussing how much a product manager earns in India.
Salary Ranges for Product Managers:
Many individuals are considering a career transition or aspiring to enter the field of product management. Did you know that CEOs of successful companies like YouTube, Slack, and Google have worked as product managers at some point in their careers? Product management is a profession with tremendous growth opportunities. In 2022, LinkedIn alone listed approximately 20,000 product management jobs, and this number has likely increased significantly in 2023.
One crucial question that most people ask when considering a career is, “How much will I earn in this role?” Salary is an essential factor in decision-making, and it’s important to understand the earning potential in any profession.
Here are some salary insights for product managers in India based on my research from AmbitionBox:
- Associate Product Managers (Entry-Level): They earn salaries ranging from 5.6 lakhs per annum to 25.5 lakhs per annum, with an average annual salary of 13.1 lakhs per annum.
- Product Managers: After 1 to 3 years of experience as an APM, individuals move into the role of product managers. Product managers earn up to 36 lakhs annually, with an average salary of 17 lakhs per annum.
- Senior Product Managers: These professionals earn up to 60 lakhs annually.
- Lead Product Managers (Higher Positions): They can command salaries of up to one crore per annum.
According to JobTed, the average salary of a product manager in India is approximately 246% higher than the national average salary. Companies are willing to offer competitive salaries to product managers because there is a scarcity of highly skilled product management professionals in the market.
It’s essential to consider all these factors when evaluating the lucrative salary packages offered to product managers. With a growing demand for product managers and a shortage of professionals in the field, product management offers excellent opportunities for career growth and competitive pay.
Conclusion:
In conclusion, product management is a high-demand field in India, offering lucrative salary packages. With the scarcity of skilled professionals, companies are willing to pay competitive salaries to attract top talent. Product management is an exciting and rewarding career choice, and the potential for growth, both professionally and in terms of compensation, is substantial.
If you’re interested in joining my community and advancing your product management career, sign up for my upcoming free training at Catchupwithsachin.com/saw-live. I look forward to serving you in my community. For those already part of the community, consider upgrading to the Diamond membership to accelerate your product management journey.
Best of luck, take care, and stay tuned for more valuable insights in future podcasts. Thank you.
