Average Product Manager Salary in India for Fresher & Experience

Product Manager Responsibilities

We have provided here details of the key responsibilities of a Product Manager. The project manager handles several responsibilities daily to meet the organisation’s goals. These responsibilities also influence the growth opportunities and the Product Manager salary in India.

• Defining Vision: A Product Manager defines the vision of the product. He or she prioritises product features and capabilities. He or she empowers independent decision-making while working in a larger team.
• Documentation: The responsibilities of a Product Manager include writing product specifications, meeting notes, as well as test cases. It is critical to document products on the same page.
• Managing Crisis: Product Managers are required to deal with angry customers through crisis management. They are in charge of improving the development team and business, as well as keeping the customer happy.
• Coordination: A Product Manager is required to work in close coordination with the engineering, sales and marketing teams. He or she provides necessary support to meet the customer satisfaction goals and ensure business profitability.
• Defining the Problem: The role of a Product Manager includes articulating the valuable market problem. A Product Manager is required to understand and represent user needs. He or she monitors the market and develops competitive analyses.
• Market Research: A Product Manager is required to understand the reasons for purchasing the product. He or she performs market research to understand competition, customers’ thoughts on a product, while buying it.
• Developing Business: A Product Manager job includes developing a business case for new products, making improvements to existing products and business ventures. He or she is required to position the product in the market.

Product Manager Skills

If you are thinking of becoming a Product Manager, we have provided here details of a Product Manager. These skill sets are crucial to work in a fast-paced work environment and can also impact the Product Manager Salary in India for freshers.

1. Communication Skills

A Product Manager job demands constant communication. He or she is required to interact with several people regularly, such as clients, stakeholders, managers and team members. A Product Manager stays busy in product meetings and presentations. He or she conveys plans and objectives in both written and spoken communication.

2. Technical Expertise

A Product Manager is required to acquire technical aspects of the project. He or she makes detailed requirements and outlines product features. The role of a Product Manager demands identifying performance issues and meeting product requirements concerning functions, design and user experience.

3. Business Intelligence

Business Intelligence is crucial for the role of Product Manager. He or she must have an understanding of how profits, sales projections, budgets and cash flow play a crucial part in the product development. A Product Manager is required to justify the product development budgets with factual data.

4. Research Skills

A Product Manager is required to determine the product’s success. He or she is required to perform extensive market research in order to understand the consumer’s needs and competitor performance. A Product Manager is required to stay updated with the market opportunities and threats.

5. Management Skills

The role of Product Manager demands strong managerial skills. He or she is required to oversee the work of the product development team. A Product Manager must be capable of identifying the strengths of each team member and delegating tasks accordingly.

Product Manager Salary in India

The Product Manager salary varies depending on the industry. The average Product Manager salary in India is Rs. 7 Lakhs - 40 Lakhs per year.

To understand the salary structure more clearly, many professionals also look at the Product Manager Salary in India per month, which can vary with experience and industry. The Product Manager Salary in India per month for a professional with 2 to 13 years of experience is around Rs 1.3 Lakh - 1.4 Lakh.

In the software industry, the pay scale is significantly different. The average Product Manager Salary is approximately Rs 9 Lakhs - 40 Lakhs.

(Source: Ambitionbox)

Product Manager Salary in India Based on Experience

Product Manager Salary in India Based on Top Companies

The Product Manager salary varies depending on the organisation. We have provided here the data of the average Product Manager salary in India based on various companies.

(Source: Ambitionbox)

Conclusion

A product manager is in a supervisory role that comes with numerous responsibilities. The Product Manager Salary in India varies from industry to industry. The skills, qualifications and prior work experience also affect the salary of the candidate. The product manager salary may also vary depending on the job market, geographic location, size and structure of the employing organisation.