“Good companies manage Engineering, Great companies manage Product.” These are the words pronounced by Thomas Schranz, Founder and CEO of Blossom. Product Management is important in a company regardless of industry type. Earlier, it was closely associated with marketing and sales. Later, when companies started prioritising user experience and production involved customer-centric products, product management played a significant role in the development of businesses. In the present era, businesses are data-oriented, and the adoption of agile methodologies that leverage AI and Machine Learning has reinforced the product management process. It eventually increased the scale of product management salaries in India. An entry-level product management salary is an average of up to 7lakhs per annum.
The primary objective of product management is to transform raw ideas into a real-life product and ensure they reach customers in compliance with the business outlook. This escalates job opportunities in product management, providing a wide array of job roles with their unique set of titles and responsibilities in the focal area. With so many roles, it’s quite natural to ponder- what can be the pay scale? In this article, we’ll share a list of Product Management salaries in 2025 based on specific parameters.
Role of Product Managers in Product Management
Have you ever wondered how an idea that is written on paper is turned into a practical product? For this, a product manager can be of assistance. Product managers turn initial ideas into something worthwhile, looking at it through launch, and then keep making improvements.
They are in great demand because they guarantee that a product will meet the needs of both more discriminating customers and business objectives.
Furthermore, their efforts continue after the product is made available. They continually improve it and ensure its ongoing expansion. Product management’s actual challenge lies in its ability to turn ideas into an impactful product.
First, let’s look at the different job profiles in product management and salaries according to the data taken from Glassdoor
Production Manager’s Salary Based on Roles and Responsibilities
|
Job Role |
Salary(Average) |
Responsibilities |
|
Associate product manager |
9L – 18L / Yr |
Assists in creating and monitoring the life cycle of a product. |
|
Technical product manager |
16L -32L /Yr |
They act as a bridge between the product team and the development team. |
|
Product owner |
12L – 26L /Yr |
Maintain and prioritise the product and ensure it reflects the most valuable features and tasks. |
|
Growth product manager |
12L – 24L /Yr |
Focus on strategies to acquire and retain users, product adoption, and increase revenue. |
|
Product marketing manager |
12L – 25L /Yr |
Develops strategies for launching products successfully into the market. |
|
Senior product manager |
28L – 50L /Yr |
They provide leadership and direct the product team, and execute strategies for successful product development. |
|
Product lead |
14L – 32L /Yr |
Leads a team of product managers and provides leadership and guidance. |
|
Group product manager |
20L – 60L /Yr |
A group product manager supervises multiple products and leads several teams. |
|
Director of Product Manager |
20L – 62L /Yr |
Setting the strategic direction of product development and mentoring a team of product managers |
|
VP of Product |
35L – 86L /Yr |
It is an executive position and is responsible for the entire product organisation. |
|
Chief product officer |
Avg Base pay 12L – 40L /Yr |
The highest-ranking product executive in an organisation. |
What influences the Product Management Salary?
Several significant factors influence product management compensation in India, including the following:
- Skills and Experience Level:
Technical expertise in data analysis, product strategy, using tools and technology connected to product management all affect compensation in product management. Specialised understanding of IoT, ML, or AI demands a premium salary.
- Sector and Size of the Company
Company Size: Larger companies and well-established international enterprises usually pay more than start-ups. However, startups may offer equity or stock options that could turn a profit later on.
The industry sector has a major impact on salary levels. Sectors like technology, banking and e-commerce typically provide greater wages since product managers are in high demand and play a critical role in these businesses.
Product manager salaries in IT and software companies are significantly elevated because these companies invest more in product innovation and scaling of technology around it. Here is a breakdown of the average salary a Product Manager can get based on industry type and sector.
|
Financial sector |
10L – 20L /yr |
|
Amazon, Flipkart and software companies |
22L – 42L/yr |
- Product Variety and Intricacy
The intricacy of the product and the variety of responsibilities may have an effect on pay. Managing goods that are crucial to the company’s revenue, have high technological complexity, or must comply with regulations usually warrant higher compensation.
- Location
Geographic location has a significant influence on product management salaries. Cities like Bangalore, Mumbai, and Hyderabad usually offer higher salaries than other cities. The high cost of living, concentration of IT companies, and competitive labour market are the causes of this discrepancy in these metropolitan cities.
Product Management Salary- Based on Location
|
Location |
Salary(Average) |
|
Delhi |
10L – 25L/yr |
|
Mumbai |
12L – 24L/yr |
|
Hyderabad |
14L – 30L/yr |
|
Bangalore |
14L – 29L/yr |
Skills required to build a career in Product Management
- Strategic thinking: Align the vision and mission of the company goals with the product and create opportunities.
- Solving problems: Developing innovative and creative answers to challenging issues.
- Market strategy: Understanding consumer behaviour and market trends to make decisions on the state of the market.
- User-centric: Decisions to be prioritised on a customer basis.
- Proficiency in Agile and Scrum: Master Agile and Scrum methodologies to deliver and manage project efficiency.
- UX/UI Designs: Understand and design principles of user interface and experience.
Product Manager Career Path in Production Management
|
Experience | Salary (Average) |
|
1 to 3yrs |
12lacs to 23lacs per year |
|
4 to 6yrs | 15lacs to 30lacs |
|
7 to 9yrs | 16lacs to 32lacs |
|
10 to 14yrs | 17lacs to 39lacs |
|
15+yrs | 20lacs to 40lacs |
Tips to Boost Production Manager Salary in Product Management
1. Upgrade your Skills
Enlighten your technical knowledge and communication skills, which are critical for product management. There is an enormous need for qualified product managers in India’s booming tech sector. As the industry grows, companies demand qualified workers, which eventually raises the scale of net salaries.
To stand up to the competition, one should keep upskilled with the trends and software in the industry.
2. Switching to Product Management from Another Field
Making the most of your current skills is essential when transitioning to product management. Engineers may migrate by highlighting their deep technical expertise to engage with development teams and contribute to discussions about a product’s feasibility. Their set of abilities is perfect for roles like Data Product Manager and Technical Product Manager. Salespeople’s strong customer focus and market knowledge enable them to identify client pain points and influence product direction.
3. Certifications to enhance Product Management Salary
Comprehensive courses for these certifications are available on many Edtech platforms.
For instance, Henry Harvin offers programs and training courses designed for professionals to obtain product management certifications.
Henry Harvin offers Product Management Courses
Henry Harvin is an established online learning platform offering various courses in different fields, including business, IT, Legal, and many more. It provides an authentic digital learning experience with noted affiliations and accreditations accepted worldwide. The acknowledgements and certifications provided within the institution certainly enhance your career path for sure.
Especially, the Post Graduate Program in Product Management from Henry Harvin is a versatile program that includes 180 hours of Two-way Online sessions, and a facility to undertake projects in Agile management and many more. Internship and placement support, along with Entrepreneur mentorship, are the highlights of the program.
The curricular module covers almost all aspects of product management, and has electives to develop skills in software applications like JIRA, a project management tool used for issue tracking and workflow automation, particularly in agile methodologies.
They offer many other courses on Product Management. SO, what are you waiting for?, Explore!!, turn the corner of your skill set and grow your salary as a Production Manager.
Conclusion
To conclude, in India, a career in product management promises opportunities for professionals in all industries. Therefore, sharpen your skills, leverage your strengths and seize your every chance. Instead of just telling them that you are a strategic thinker, show how you have contributed to success. Your journey to product management is more than just a change of employment; it’s a bold move into the cutting edge of innovation.
Recommended Pages
Product Manager Salary In India In 2025
17 Product Manager Interview Questions and Answers
How to become a Product Manager?
Top 15 Product Management Certifications in India, Analytics Jobs:2025
Frequently Asked Questions
It is not necessary, but having an MBA can help your career growth as well as your salary prospects.
It typically ranges between 3lakhs to 5 lakhs per year.
Generally, around 20 hours of preparation is enough for the interview.
As businesses focus on technology, there is a high demand for technical product managers.
PM is a product manager, whereas PMM is a product marketing manager.
