Updated for 2024
Product Manager Salary GuideIndia 2024
Complete breakdown of PM salaries across experience levels, companies, and cities in India. Based on real data from 1000+ Product Managers.
₹28 LPA
Average PM Salary
15%
YoY Growth
₹80 LPA
Top 10% Earn
40%
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Salary by Experience Level
How PM salaries progress with experience in the Indian market
Salary by Company
PM salary ranges at top Indian companies (for 2-5 years experience)
Big Tech
₹45-80 LPA
Annual CTC
Microsoft
Big Tech
₹40-75 LPA
Annual CTC
Amazon
Big Tech
₹35-70 LPA
Annual CTC
Flipkart
E-commerce
₹30-55 LPA
Annual CTC
Zomato
Food Tech
₹25-45 LPA
Annual CTC
Paytm
Fintech
₹25-50 LPA
Annual CTC
Swiggy
Food Tech
₹25-45 LPA
Annual CTC
Ola
Mobility
₹20-40 LPA
Annual CTC
Razorpay
Fintech
₹25-45 LPA
Annual CTC
CRED
Fintech
₹30-50 LPA
Annual CTC
Salary by City
Geographic impact on PM salaries across major Indian cities
Bangalore
₹15-60 LPA
+12%YoY growth
Mumbai
₹18-65 LPA
+10%YoY growth
Delhi NCR
₹16-58 LPA
+11%YoY growth
Hyderabad
₹12-45 LPA
+15%YoY growth
Pune
₹14-50 LPA
+13%YoY growth
Chennai
₹12-40 LPA
+14%YoY growth
Factors Affecting PM Salary
Key factors that determine your earning potential as a Product Manager
Experience Level
High Impact
Years of PM experience is the biggest salary determinant
Location
Medium Impact
Tier 1 cities offer 20-30% higher salaries than Tier 2
Company Size
High Impact
Big Tech and Unicorns pay 40-60% more than startups
Domain Expertise
Medium Impact
Specialized domains like AI/ML, Fintech command premium
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