A minute of silence to all the grapevine polls where salary expectations are so high 😁

Consultant

"intern here, how much should I expect from a PPO. Zero tech or product experience. Tier 1"

Poll options

50L+ ⬜️⬜️
60L+ ⬜️⬜️⬜️
70L+ ⬜️⬜️⬜️⬜️
85L+ ⬜️⬜️⬜️
1Cr+ ⬜️⬜️⬜️⬜️⬜️⬜️⬜️⬜️⬜️⬜️

Software Engineer

Growth Manager

Finally. This was long due. PM's are just overpaid.

Why so jealous? If people are getting paid or overpaid or underpaid ....it's not like money is going out from your pocket

Business Analyst

Lol I'm a developer but I laugh at other devs on Grapevine unnecessarily spewing hate on PM profile

Product Manager

Program Manager

Nah, he settled for way too less, not judging, maybe his circumstances might be different but their is no way people are going from 30 lpa to 17lpa that too top tier folks.

Market puts eveyone in place - including u zuck

Engineering Manager

Founder

Not just PM. I'm in Business roles for the past decade; People are offering me 50% less now. Fortunately not laid off as of now

Sales Leader

These are salary corrections happening. Earlier salaries were way too inflated, obviously due to free flowing vc money.

Surprised no one has jumped on you asking who decides salaries are inflated or low....sign or changing times?

Doesn’t sound true. No IIT + IIM grad after even 1-2 years of experience works at 17 lakhs, let alone PMs. 
 Even in his last role, he would be earning more than 30lpa easily.

You clearly aren't from an IIT/IIM, and haven't made any effort to research properly.

Project Manager

A senior PM here, although I am sad but this was inevitable. 
  
 Think of a product mentor and tell me how many of them have ever written what exactly they have worked on and what are the real launches they have managed. It’s close to zilch 0 anda! 
  
 Somehow all of the PMs within one year of product management start writing the same generic shit and will start acting as Shreyas Doshi and Marty Cagan.I mean I have literally seen APMs in 6 months becoming mentors and teaching PM courses. 
 Most of these nibbas don’t even know the difference between a web hook and API but they somehow have memorised every frameworks and metrics irrelevant to their work profile. 
  
 Most of their content will be the around mock interviews, utopian problem statement and the copy pasted framework from Lewis Lin PM books. 
  
 And not to forget about irritating Indian PM communities,they have somehow convinced the aspirational PMs that Product management is all about solving every problem via UI tweaks in a 20 page ppt.

Finally, the truth! Thank you for saying it out loud

Lucky to get adjusted to lower salary. 
Senior ppl (> 70-80L) are not even getting that option to take lower salary. 

They have to wait out for market to catch up.

Idk why your friend accepted that offer.  
  
 And it's so not true that PM salaries have crashed.  
  
 I have 3 years of experience and I make 40L+ (all fixed).  
  
 If you have the right experience, proven results, domain knowledge and good negotiating skills you can still get a decent hike in this market.

I do not understand the mindset of the people under this thread!! 
 What do you mean by PMs being overpaid, I say literally everyone in India is underpaid.  
 Like in the metro cities where rents are touching a massive high of 60k a month, our salaries are just enough to live a decent life.  
 The rents are definitely reaching as high as the first world countries and the other spendings whereas the salaries have been there at the same level for a decade now.

Software Developer

mera kya mera toh 20+ lpa hain with 1.5 yrs of Product experience. Non MBA! Don't know about your friend but ppl are still getting hired with 20 +Lpa straight out of undergrad as APM

What's your company bro, asking for a friend

Bhai already previous company ka naam username k baad likha hain. Present company ka naam likh dunga toh doxx ho.jsunga

This is an exception not the norm. Product managers with 4 years are easily making 30 LPA

I had recently got a call from an established startup… told me a budget which is 75% of my previous salary.  
 Things are bad now… 
  
 People who are overpaid, be very careful… Market is correcting itself…

this is absolutely true. people who seem to think they are correctly (read -> over) paid need to put themselves as indispensable to the company

Head Of Growth

I know an SPM with ~50lpa with 5 yrs of exp and not from tier 1 college at Paytm, she got the job during the april may period when everyone was laying off. Depends on how you negotiate I guess, she also had offers with a 10% paycut but decided to keep looking. Obviously there are tradeoffs.

Analyst

Which company did he got laid out of from?

Well deserved for the most overpaid lot who think they're better than everyone else on grapevine

Human Resources

Considering job security and skill improvement

System Engineer

Context is missing here. This is a partial information, even if I am forced to believe this information is correct. There are other key factors such as work quality, work quantity, learnings, culture, leadership, company's size (growth phase), industry, location etc. For example- If I am paid Rs 30 L for working 12 hours/day in Shanghai, versus I am paid Rs 17 L in Delhi for working 7 hours in a company which would grow 10X mom or qoq or yoy. My earning per hour is still higher (as well as promising) in the later case. Without real context, all discussions are pointless, driven mostly by personal biases/grudges towards specific role.

PMO did not exist just few years back. If this role has to survive, they need to own outcomes which add to balance sheets. I have witnessed it. They need to wear hat of product manager, owning incremental top line.

Met a PM from IIT / IIM with 4 years of experience. He is working at a  well know soonicorn at a salary of 17  lakhs per year . He used to draw 30 lakhs per year in his last role before we was laid...

Welcome to Product Managers's Private Community

Met a PM from IIT / IIM with 4 years of experience. He is working at a  well know soonicorn at a salary of 17  lakhs per year . He used to draw 30 lakhs per year in his last role before we was laid off . Interesting Times ahead

PM Salaries Have Crashed.

Product Owner

PM Salaries Have Crashed.- Grapevine

What are the unicorn companies offering these days?

What’s the salary for PM with 4yoe, tier 1 background?

How is the Product Management market in India?
I have been hearing that compensation for PM roles are coming back to pre-Covid times (a few exceptional people I knew got laid off but found higher paying opportunities within weeks)

Source for the Snap article: https://www.teamblind.com/post/Snap-revamps-product-org-lays-off-20-PMs-bteQbBib

Snap (Snapchat) has laid off nearly 20 product managers

I am getting into my second yr of MBA I did an internship in the area of market research and have skilled in power Bi, Excel, google analytics...have a good research mind and analytical thinking ability But I don't know coding i can't say my coding skill is bad becuz I don't know or don't have that skill. How can I become prodman don't have any other work experience i am a fresher

What should I need to do to become a PM

This is not a question for the cocky new grad in the overvalued startup, but for the few seasoned PMs that still reply out here.

Where do PMs go after they peak?

By peaking I mean arriving at a GPM or Staff PM position at the top 10-15 companies (you can do your own ranking here).

Nobody has the true statistics but I will use the assumption that 75% (debatable) of those who peak, will get laid off within 2 years from their ‘peak role’. The remaining will be able to progress into DoP and VP in the same top company or another in the top 15.

Where do they go then?

I am pretty positive, from experience, that they don’t go any up.

Do they go down the ladder of new startups for titles and ending up in the worst ones after being laid off 4-5 times? Do they quit all together?

Do they open a farm?

Do they start their own startup?

Comments and thoughts folks!

Where Do PMs Go After They Peak?

What the ideal range for PM 7yoe?

I am currently the only PM at a very small Agri-Tech startup. I did my MBA from an IIM.
I am currently getting 12 LPA with 18 months of experience.

I wanted to know if I am underpaid. If yes, how should I prepare myself to get referred to better companies?

Salary

I want to understand (probably recruiters and folks who switch a lot can answer) if PM / SPM salaries have taken a hit due to so many layoffs, poor hikes, fear of losing job, etc. 
Want to know how much has it been impacted? And what is the new norm? Say for a PM / SPM with 4-6 years of experience, what should be the salary expectations now (vs 1.5 yrs before)?

Impact of the market conditions / layoffs on PM salaries

Hiring for a bunch of roles for an early stage startup. Salaries of people who have been laid off is through the roof

2-3 years experience asking for 30-40l and while we chose not to judge the experience and spoke to a few of them, most of them are not even worth half of the pay. 

Many are jobless since last 2-3 months and none of them are willing to take a paycut of even 5-6L and are willing to stay jobless ( probably have a ton of savings )

Market correction is necessary.

Roles : PM, software engineers, generalists

What's wrong with salaries

If you are paid less, don’t extrapolate it on others. If they are willing to wait, let them. You should keep praying for “corrections”.

Welcome to Software Engineers's Private Community

Those who are earning more than 1 lakh per month. Share your journey how you reached there and also some tips.

Big bucks boys

Hey there,
I have started to apply in program manager roles in ed-techs such as Newton school, crio.do, upraised, etc.
What do you think is an ideal salary to ask for this role.

Current experience- 2 years as program manager in what is called as high pace start-up.

PM Salaries Have Crashed.

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