Project Manager Salary in India - Average Salary for Fresher & Experienced

Project Manager Roles And Responsibilities

We have provided here details of the everyday tasks of the 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 adhering to the 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 task 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's job involves supervising the successful execution of each stage of the project. He or she is required to communicate with team members and stakeholders frequently 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 spending and reallocates funds whenever it is required. Several parts of the project may end up costing more or less.
• Maintenance: With the 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.

With experience, the project manager's role broadens to handle much bigger responsibilities and more complex projects. This directly influences the project manager salary in India, as responsibilities are getting added to the role, which requires expertise.

Project Manager Skills Required

Aspirants who want to become a Project Manager are required to acquire a specific set of skills. The minimum educational qualification required to become a Project Manager is a bachelor’s degree in computer science, business or relevant majors. Enrolling in a Project Management course can further enhance the skills required to succeed in this field. These skills are crucial to remain efficient in the fast-paced work environment. We have provided below the details of the Major Project Manager skills.

• Flexibility: A Project Manager must be able to work under pressure and be comfortable with change in work environments. He or she must be capable of shifting between the big picture and the small with crucial details.

• Communication Skills: Communication skills are key for a career as a Project Manager. A Project Manager must be able to communicate with the 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 the 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 the unavailability of resources or delayed approval from a client. Risk management skills can also open opportunities for a Career as Risk Management Specialist, a role which is highly significant in the industry.

The Project Manager Skills directly impact the project manager salary in India, as these skills are important for overall project success.

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 career as portfolio manager focuses on selection, prioritisation and alignment of projects and programmes with an organisation’s strategy.

Project Manager Salary in India

The Project Manager Salary in India varies depending on candidates’ skills, prior work experience and the employing organisation. The average Project Manager salary in India is Rs. 4.8 Lakhs - 31.7 Lakhs per year in India. The average Project Manager salary in India per month is between Rs. 99,000 - 1 Lakh.

(source: Ambitionbox)

Project Manager Salary in India for Freshers

As a trainee (fresher) in the role of Project Manager, a professional can enjoy a yearly salary of Rs 1.8 Lakh - 8 Lakhs per year. When it comes to the monthly salary range, it is around Rs 23,000 - 25,000.

(source: Ambitionbox)

Project Manager, IT Salary in India

The Project Manager fresher salary in India varies depending on the candidates’ performance in the interview, their qualification and the employer and the industry they are working for. We have provided here the salary data of Project Managers based on the salary statistics of the Information Technology industry.

The average salary of a Project Manager in the IT industry is between Rs. 7 Lakhs - 32.5 Lakhs per year, in India.

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 in Pune, Maharashtra, get 8.3 per cent higher salary than the national average.

(Source: payscale.com)

Associate Project Manager Salary

The salary of an Associate Project Manager varies depending on the candidates’ skills, expertise, prior work experience as well as employing organisation. The average Associate Project Manager salary in India is around Rs. 4.5 Lakhs - 26 Lakhs per year.

(Source: Ambitionbox)

PMP Salary in India

PMP stands for Project Management Professional. It is a globally recognised certification offered by PMI, also known as the Project Management Institute. The PMP salary in India is around Rs. 6 Lakhs - 23 Lakhs per year.

(Source: Ambitionbox)

Conclusion

All industries require Project Managers to lead projects, whether it is construction, marketing, information technology, healthcare or others. The average Project Manager salary in India varies from industry to industry, employer to employer and candidates’ skills, qualifications, and prior work experience also have an impact on salary remuneration.