Product management has emerged as one of India's most sought-after career paths, commanding premium salaries due to the critical role PMs play in driving product strategy and business outcomes.
Salary by level: Associate Product Manager (APM — 0-2 years): ₹12-22 LPA at product companies, ₹8-15 LPA at non-tech companies. Product Manager (3-5 years): ₹20-40 LPA at product companies, ₹15-28 LPA at non-tech companies. Senior Product Manager (5-8 years): ₹35-60 LPA at product companies, ₹25-45 LPA at non-tech companies. Director of Product (8-12 years): ₹55-90 LPA. VP of Product (12+ years): ₹80-1.5 Cr+.
Salary by company type: FAANG (Google, Amazon, Meta India): ₹30-50 LPA for PM, ₹60-1.2 Cr for Senior PM, ₹80-2 Cr for Director/VP. Indian Product Companies (Flipkart, Swiggy, Razorpay, CRED): ₹20-35 LPA for PM, ₹40-70 LPA for Senior PM. Funded Startups (Series B+): ₹18-30 LPA + significant stock options. IT Services PM roles: ₹15-25 LPA (significantly lower than product companies).
What drives PM salary differences: Domain matters — fintech and e-commerce PMs earn 15-20% more than general PMs. B2B vs B2C: B2B enterprise PMs at SaaS companies command premium salaries. Technical PM vs Business PM: Technical PMs with coding backgrounds earn 10-15% more. MBA premium: Top B-school (IIM, ISB) graduates start at higher levels and progress faster, but career-switcher PMs with strong product skills catch up within 3-5 years.