Product management is necessary to boost customer satisfaction, market competitiveness, and innovation potential. As the economy begins to shift towards the extent of a digital economy, and with all customer-centrism, agility, and speed of technological advancements, product management becomes even more critical.
In this article, we will discuss the present situation of product management salaries in India for the year 2025, taking into account regional differences, factors affecting salary trends, and the ever-changing expectations of both employers and professionals.
Below mentioned are the topic for this blog:
What is Product Management?
Let’s review the definition of product management and the duties of a product manager.
If we present the topic of product management in a multifaceted manner, it deals with the planning and introduction of products into the market that meet the needs of customers. The product manager positions himself between all teams, including engineering, marketing, sales, and design, to produce successful products.
Like a ship’s captain, a product manager is knowledgeable about a product rather than a boat. He is the one who ensures that extraordinary things are manufactured and function properly. The focus will remain on coming up with ideas to make sure that they inspire genuine products. It’s kind of like being a chef in the kitchen, developing marvellous new products rather than dishes! Cross-functional collaboration and coordination within teams like engineering, marketing, sales, and design are at the heart of product management.
Who is a Product Manager?
A product manager is a person who oversees every aspect of a product, piece of software, or service from conception to maintenance (PM).
A skilled product manager knows how to implement a product strategy to add value for customers and convey the product’s vision to internal staff.
When deciding what should be built right away, the likelihood of increasing customer value and organizational impact are the two most crucial factors to consider. To maximize value for the organization, the product manager must maximize each of the categories. Theoretically, this results in products that are beneficial to the client and successful for the business.
What does a product manager do?
To make sure that everyone is on the same page and working toward a single objective, they collaborate with a wide range of various stakeholders. A product manager’s daily tasks frequently center on:
- Assembling and ranking ideas
- Establishing the technical specifications
- Presenting to the management
- Carrying out research
- Conducting trials to find areas for improvement
As you can see, the job of a product manager is very diversified and calls for a wide range of abilities. In this article, we’ve listed the top 11 product management competencies.
Skills to Become a Product Manager
Before beginning a career in product management, there are several prerequisites to take into account. These specifications differ from position to position, but candidates for product management positions often need the following skills:
While not all product leadership positions do, the vast majority of them do. In 2018, Google announced that it would no longer require four-year degrees for any new product development and product marketing leadership roles. Even though this is an exciting benefit, not every business is Google.
Product management roles often demand a number of years of work experience. Depending on the particular position, the duration usually varies. An example could be a director, who requires between five and ten years of management experience.
Shape Your Career as a Product Management Innovator
Dive into Product Management with Us
Depending on the position and thus the company, various types of experience and knowledge are required. However, the majority of employers prefer that their employees receive some form of training.
Likewise, companies can ask for applicants with coding and customer experience.
Top 10 Companies for Product Management Roles
- DoorDash – Enhancing food delivery services.
- Google – Cutting-edge tech impacting millions.
- Apple – Iconic products with a design focus.
- Amazon – Customer-centric e-commerce leader.
- Meta (Facebook) – Fast-paced, global user products.
- Microsoft – Diverse tech, innovation-driven.
- Netflix – Data-driven media platform.
- Airbnb – Personalized travel experiences.
- Stripe – Simplifying online payments.
- Robinhood – Democratizing financial markets.
Qualifications Required to Become a Product Manager
In India, the following are the prerequisites for becoming a product manager:
- degree in business administration, management, computer science, engineering, marketing, economics, or a related discipline from a relevant bachelor’s or master’s program
- 2 to 5 years of practical experience in product design, testing, or development.
- understanding of Google Office, Microsoft Excel, and associated software.
How to Get Started in Product Management
Start by expanding your knowledge base if you want to get into product management. Explore essential terms and ideas such as the product life cycle, the product development process, basic product management principles, and product roadmaps using blogs, books, and podcasts.
You’ll start to develop a deeper understanding of product management by immersing yourself in the subject, creating the groundwork for more structured, formal learning. At the same time, you’ll start to seriously consider whether product management is a career path you want to take.
Key Tips to Start Your Career in Product Management
- Acquire more background information
- Develop your product management.
- Become a product manager certified
- Create a portfolio for your product management work.
- Network in the industry
- Submit a resume for a position in product management (or go for an internal transfer)
Product Manager Salary in India
Product Manager professionals are in high demand, and many businesses offer lucrative salaries for these positions. The primary cause of the higher product manager salaries in India is this.
The constant rise in demand is because they oversee both the performance and development of the software product that the organization depends on. Product managers are essential to the success of an organization.
While small businesses offer competition to their managers, large industries pay their managers generously. As an illustration, the annual average salary of a product manager in India at Citibank is Rs. 17 Lakh, while HDFC Bank was determined to pay this position at roughly Rs. 9 Lakh.
On the other hand, IBM India pays its product managers about Rs 20 lakh. SAP pays its product managers a comparable wage. For this position, other tech businesses also pay around 20 lahks.
The typical compensation for a product manager in India
The typical annual income for a product manager in India is roughly $13,000 USD. This is significantly more than the national average wage of Rs. 3,87,500 ($5,000) each year.
Average Product Manager Salary by Cities
- Bengaluru: ₹12,00,102
- Mumbai: ₹10,30,468
- Hyderabad: ₹9,50,408
- Jaipur: ₹8,80,011
- Delhi: ₹8,70,617
Average Product Manager Salaries by Company
These professionals are in high demand, and many businesses offer lucrative salaries for these positions. The main cause of the high product manager salaries in India is this. the constant rise in demand.
Because they oversee both the performance and development of the software product that the organization depends on, product managers are essential to the success of an organization.
While small businesses also provide competition for their managers, big businesses pay their managers richly.
| Company | Average Salary |
| Amazon | ₹1,74,771 per month |
| PayPal | ₹1,94,449 per month |
| SAP Labs India | ₹2,000,000 annually |
| Oracle | Not specified |
| Dell, Inc. | ₹1,400,000 annually |
| Automatic Data Processing (ADP) | ₹2,348,936 annually |
| Amadeus India Pvt Ltd | ₹2,324,731 annually |
| GlobalLogic | ₹825,000 annually |
| ZOHO Corporation | ₹1,575,000 annually |
Get 100% Hike!
Master Most in Demand Skills Now!
How can Product Managers increase their salaries?
It’s time to request a pay raise when your employer starts to see success with your items and an increase in customers. You can definitely seek better product manager compensation if you’re meeting your objectives and goals.
Key Factors to Boost a Product Manager’s Salary
- It’s important to study before pay negotiations.
- Respect it and show compassion for it
- Instead of just a single figure, present a salary range.
- Even if you feel your offer is fair, be ready for rejection.
- Product managers need to be soft and competent.
Product manager salaries based on seniority
In India, product manager salaries differ based on experience level. Below are the average salaries for product managers across various experience levels in the country:
- Entry Level: ₹8,85,000 per year
- Mid-Career Level: ₹14,13,175 per year
- Experienced: ₹27,00,000 per year
Once more, we obtained all of our pay information from Indeed. You can see how your income potential as a product manager increases dramatically as you gain more expertise in the industry.
We suggest exploring these job titles to see how the product manager job descriptions change and understanding what sets a junior product manager apart from a senior or a senior apart from a director if you’re interested in learning more.
Product manager job description
This job description elaborates on the essential responsibilities and qualifications for the Product Manager position. The listed points highlight the crucial competencies and skills necessary for success in this dynamic role.
Required Skills and Qualifications
- A bachelor’s degree (or its equivalent) in product design, engineering, or a related field.
- Strong product management background with a track record of successfully managing every stage of the product development lifecycle.
- Effective at leading multidisciplinary teams to achieve objectives.
- Ability to develop and implement product marketing strategies with excellence.
- Proficient in public speaking, presentations, and communication skills.
Conclusion
This article is all about giving details regarding the salary of a Product Manager from various aspects and also very much in demand in today’s world.
Product management is one of the most sought-after careers because of how well an individual can hone their skills and significantly contribute to bringing a product to market success, which is reflected in market wages paid across all industries. The documented writing persuades readers about negotiating tactics, the learned importance of qualifications, and a place of education to enlighten the inner self when deciding on a career.
Suppose you’re interested in product management as a career or trying to figure out what it takes to get a product out the door. In that case, Intellipaat’s Product Management Course will give you a holistic perspective of what product management is.