Project Manager Salary in India - Average Salary for Fresher & Experienced
A Project Manager is a professional responsible for organising, planning and executing projects. He or she performs tasks within restraints such as budget and schedule. A Project Manager leads the project teams, defines goals, communicates to stakeholders, and sees a project through its closure. The projects may vary from industry to industry. It could be running a marketing campaign, developing a computer system, constructing buildings or launching a new project. A Project Manager is accountable for the success or failure of the project.
Project Managers are also considered as change agents. They make project goals of their own, utilise their skills and expertise. The role of project manager involves utilising skills and expertise of their own to inspire a shared purpose within the team and drive business results.
Functions of Project Manager
We have provided here details of everyday tasks of Project Manager. A Project Manager plays the lead role in planning, executing, monitoring, controlling and closing projects.
Planning: The role of a Project Manager involves formulating a plan to meet the project’s objectives while being adhered to approved budget and timeline. It includes the project's scope, essential resources, anticipated time and financial requirements.
Leading: A Project Manager is responsible for assembling and leading the project. He or she is required to assign tasks sets to team members and set deadlines. The role of Project Manager involves providing necessary resources and conducting meetings regularly with members.
Execution: A Project Manager job involves supervising the successful execution of each stage of the project. He or she is required to communicate with team members and stakeholders on a frequent basis to keep himself and them updated on developments in the project.
Budgeting: A Project Manager is required to devise a budget for the project and stick to it as closely as it is possible. He or she moderates the spend and re-allocates funds whenever it is required. Several parts of the project may end up costing more or less.
Maintenance: With completion of the project, the responsibilities on the shoulders of the Project Manager do not end. He or she is further required to plan for ongoing maintenance and troubleshooting. A Project Manager is required to devise methods for supporting the final deliverable going forward.
Project Manager Skills
Aspirants who want to become a Project Manager are required to acquire a specific set of skills. We have provided below details of Major Project Manager skills. These skills are crucial to remain efficient in the fast-paced work environment.
Flexibility: A Project Manager must be able to work under pressure and comfortable with change in work environments. He or she must be capable of shifting between the big picture and small with crucial details.
Communication Skills: Communication skills are key for a career as Project Manager. A Project Manager must be able to communicate with project’s stakeholders, its sponsors and those who make the project’s results usable as well as those who command resources and project team members.
Problem Solving Skills: A Project Manager is responsible for complex problem solving. He or she assesses the extent of the problem. The role of Project Manager involves adapting their approach to the context and constraints of each project.
Monitoring: A Project Manager is responsible for successful completion of the project. He or she is required to track and monitor projects and ensure they run according to the plan and support the broader business goals.
Risk Management: Risk Management is one of the crucial project manager skills. He or she is not only responsible for navigating around risks but also for anticipating them. Every project has risks whether it is unavailability of resources or delayed approval from a client.
Also Read: Career as Risk Management Specialist
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Project Manager Career Hierarchy
A Project Manager is employed in every kind of organisation such as employees, managers, contractors and independent consultants. With experience in the industry, a Project Manager can become a Program Manager or Portfolio Manager.
A Program Manager is responsible for multiple projects. A Portfolio Manager is responsible for selection, prioritisation and alignment of projects and programmes with an organisation’s strategy.
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Project Manager Salary in India
The salary of Project Manager varies depending on candidates’ skills, prior work experience and the employing organisation. The average Project Manager salary in India is Rs. 11,00,000 per annum in India (source: LinkedIn).
The average Project Manager salary in India per month is Rs. 33029.
Project Manager, IT Salary in India
The salary of a Project Manager also varies from industry to industry. Here, we have provided Project Manager salary statistics based on the Information Technology industry.
The average salary of a Project Manager in the IT industry is Rs. 1586659 per annum, in India.
1- 4 Years
5 - 9 Years
10 - 19 Years
19 or more Years
Project Manager fresher salary in India varies depending on candidates’ performance in the interview, their qualification and the employer. We have provided here salary data of Project Managers based on their work experience from fresher to senior level for the IT industry.
The average starting salary of Project Manager in India is Rs. 411157 per annum in the IT sector.
The average entry-level experienced Project Manager salary in India is Rs. 411157 per annum.
A mid-level Project Manager average salary is 1273167 per annum in India.
The average Senior Project Manager salary in India is 1768110 per annum.
If you are looking for a Project Manager role in the IT industry then you must consider the geographical details of the employing organisation. Project Managers employed at Bengaluru get 11.7 per cent higher salary than the national average. Those employed at Pune, Maharashtra get 8.3 per cent higher salary than the national average.
Associate Project Manager Salary
The salary of Associate Project Manager varies depending on candidates’ skills, expertise, prior work experience as well as employing organisation. The average Associate Project Manager salary India is Rs. 10,60,000 per annum.
PMP Salary in India
PMP stands for Project Management Professional. It is a globally recognised certification offered by PMI also known as Project Management Institution. The highest PMP salary in India is Rs. 1552626 per annum. The lowest PMP salary in India is Rs. 636047 per annum.
Project Manager Qualifications
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Conclusion: All the industries require Project Managers to lead projects whether it is construction, marketing, information technology, healthcare or others. The average salary of Project Manager varies from industry to industry, employer to employer and candidates’ skills, qualifications and prior work experience also have an impact on salary remuneration.