Product Manager Salary in India 2026: Complete Guide
Table Of Content
Product Manager Salary in India
How to Increase Your Product Manager Salary?
Final Thoughts
Frequently Asked Questions
Product Manager Salary in India
When we talk about the average salary of a product manager in India, it’s important to note that salary can vary widely. Factors such as level of responsibility, type of role, company, and location all play a significant role in determining the salary.
Product Manager Salary by Role
As you advance in this field, you naturally become more experienced in your role, and that experience can really impact your salary. Let’s take a look at how a product manager salary in India varies based on different roles and responsibilities. It’s a great reminder that the more you grow and take on challenges, the more your efforts are recognised in your pay cheque.
| Role | Average Annual Salary Range | Key Responsibilities |
|---|---|---|
| Assistant/Associate Product Manager (APM) | ₹6 – ₹12 LPA | Market research, competitor analysis, documentation, and coordination |
| Product Manager (PM) | ₹12 – ₹25 LPA | Own product features, roadmap planning, and collaborate with cross-functional teams |
| Senior Product Manager | ₹25 – ₹40 LPA | Strategic initiatives, lifecycle management, mentor juniors |
| Lead/Principal Product Manager | ₹35 – ₹60 LPA | Define product vision, oversee large-scale planning, and lead cross-functional teams |
| Director/VP/CPO | ₹50 Lakhs – ₹1 Crore+ | Company-wide strategy, manage the entire product org |
Top-Paying Companies for Product Managers in India
In India, several tech giants, such as Amazon and Google, offer competitive salaries for product managers. In fact, companies in sectors like e-commerce and fintech are also willing to provide attractive compensation packages for their products and services.
| Company | Avg. Annual Salary | Salary Range |
|---|---|---|
| Paytm | ₹24.3 LPA | ₹19 – ₹34 LPA |
| Accenture | ₹26.5 LPA | ₹19.9 – ₹35 LPA |
| Publicis Sapient | ₹24.1 LPA | ₹19 – ₹32.3 LPA |
| ICICI Bank | ₹17.1 LPA | ₹12.8 – ₹23 LPA |
| IDFC First Bank | ₹20.6 LPA | ₹15.4 – ₹27 LPA |
| Axis Bank | ₹15.7 LPA | ₹11.9 – ₹21 LPA |
| Jio Platforms | ₹23 LPA | ₹17.3 – ₹30.9 LPA |
| HDFC Bank | ₹13.4 LPA | ₹10 – ₹18 LPA |
| TCS | ₹15.5 LPA | ₹10.8 – ₹19.9 LPA |
Table Reference: Ambition and Glassdoor
Salary By Experience
Here’s a quick snapshot of the product manager salary in India based on their experience. This salary trend shows how experience strongly influences the average salary of product managers in India.
| Experience | Avg. Annual Salary |
| 2 years | ₹5.5 L/yr – ₹29 L/yr |
| 3 years | ₹6 L/yr – ₹31.7 L/yr |
| 4 years | ₹6.8 L/yr – ₹35 L/yr |
| 5 years | ₹7 L/yr – ₹37.9 L/yr |
| 6 years | ₹7 L/yr – ₹40 L/yr |
| 7 years | ₹7.2 L/yr – ₹40 L/yr |
| 8 years | ₹7.5 L/yr – ₹43.5 L/yr |
| 9 years | ₹7.8 L/yr – ₹42.8 L/yr |
Table Reference: Ambition and Glassdoor
Salary By Department
| Department | Avg. annual salary |
| Product Management | ₹6.9 L/yr – ₹40 L/yr |
| Marketing & Communication | ₹7 L/yr – ₹40 L/yr |
| Data Science & Analytics | ₹7 L/yr – ₹40 L/yr |
| Project & Program Management | ₹7 L/yr – ₹40 L/yr |
Salary by Location in India
The city you live and work in also impacts the product manager’s salary in India. For Example, in major tech hubs like Bangalore, Hyderabad, and Gurgaon, the salaries tend to be higher, as the cost of living and other expenses are also increased
| Location | Avg. Annual Salary |
| Bangalore / Bengaluru | ₹8.8 L/yr – ₹42 L/yr |
| Mumbai | ₹6.3 L/yr – ₹31 L/yr |
| Gurgaon / Gurugram | ₹8.5 L/yr – ₹38 L/yr |
| New Delhi | ₹6 L/yr – ₹34 L/yr |
| Hyderabad / Secunderabad | ₹6.5 L/yr – ₹38.5 L/yr |
| Pune | ₹6.9 L/yr – ₹36.8 L/yr |
| Noida | ₹6.6 L/yr – ₹35 L/yr |
| Chennai | ₹6 L/yr – ₹33 L/yr |
| Ahmedabad | ₹5.9 L/yr – ₹27 L/yr |
| Navi Mumbai | ₹5.7 L/yr – ₹28.6 L/yr |
How to Increase Your Product Manager Salary?
When it comes to increasing a product manager’s salary, it requires strategic skills, experience, and, of course, cross-functional expertise. For those new to this sector who aim to switch to a higher level, or senior employees, it is essential to align their knowledge to help them integrate product development with market needs and efficiently manage stakeholder expectations.
Here are some essential skills required to become a highly paid product manager in India:
- Earn relevant certifications: If you have an online certification in the same field, it shows your expertise in agile frameworks and product strategies. Such credentials also boost your credibility and bring opportunities for multiple higher-paying roles.
- Gain proficiency in data analytics: Having a thorough understanding of the latest tools like Google Analytics, Tableau, Power BI and SQL can help you make data-driven decisions.
- Develop technical knowledge: Understanding of APIs and software development lifecycle ensures that you can collaborate with team members and meet business goals effectively.
- Build a Network With Industry Leaders: Make sure to keep your professional network strong and attend online workshops, seminars, and product management conferences. This also helps you to keep yourself updated with recent industry trends and connect you with senior professionals.
Final Thoughts
Also, if you want to enhance your product manager career, you can enrol in an online certification programme available at Jaro Education. We are India’s renowned online higher education and upskilling company that bridges the gap between online education in India and students. Whether you’re a fresh graduate or a working professional, with our industry-standard online degree courses and programmes, you can boost your career success. Please visit our website to explore the latest programs available to you.
Frequently Asked Questions
