I am observing since past 78 days on LinkedIn that every 3rd or 4th product managers from companies like swiggy , razorpay, Microsoft are promoting a report released by upgrad about salaries of pro...

I am observing since past 7-8 days on LinkedIn that every 3rd or 4th product managers from companies like swiggy , razorpay, Microsoft are promoting a report released by upgrad about salaries of product managers where they say an average Sr . PM with experience of 6+ years earn over a CR in startups and big MNCs, how realistic these figures are to you as a product manager??

How much is this realistic

How much is this realistic- Grapevine

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YOE | Fixed + variable + esops | Total
0-3 yoe: 21+ 2.4+ 10 = 33.4
3-6 yoe: 36.7+ 5+ 20 = 61.75
6-9 yoe: 51+ 7 + 28 = 86
9+. yoe: 60+ 10+ 40 = 111

Get insights on the salary offered to product managers in India in 2024. This report is meant to help freshers understand their earning potential and help experienced product managers benchmark their salaries.

Average Product Manager Salary in India in 2024 by Upraised [for freshers and experienced]

Salary insights for the Indian Product Manager

Analyst

I am a product manager cum business analyst with 7 years of experience my current salary is 6.3 how much can I except in my next company?

Product Manager

Woah, came across this salary report for Product Managers - https://www.upraised.co/product-manager-salary-insights 

Are PMs really earning this high? Interested to know from other PMs here if they align with what's written in the report. 

It's super detailed, made me feel very confident about my PM career 😛💰

PM Salary Report - Industry Benchmark

How to negotiate your salary when the recruiter asks what is expected? Let's say your current pay is 28(25 fixed and 3 variable). What is the maximum that you could ask and they could offer? Any tips and suggestions on asking better offer?

Recently I came across a post that says PMs earn in the bracket of 35 to 50lpa.

How much do Product managers with 6+ years(4+ into pm and 2yrs in project management and consulting) of total experience make?

Post CTC, YOE, Role (mine is 45 LPA, 4 YOE, PM)

What is your CTC (Mega thread)

Product Marketing Manager

What is the pay like for 7–9 yoe product managers like? Looking to understand the pay range and the work load. Have been working in startups for close to 6 years and want to move to a more relaxed setup.

If there’s a post around this already, please help in directing me.

Pay for PMs at companies like ServiceNow and Salesforce

Product Owner

I have 4 YOE as sde (react/vue) and trying to get product management roles. I'm at 15LPA currently. What should I expect if i (hopefully) get a pm/APM job?

Expected salary as a APM/PM

Project Manager

got pm role at zepto 
5 yrs exp
how much should I ask?

Salary expectations

Growth Manager

Sharing some reflections on this:

1. Product is not a function with a large hierarchy / multiple levels in the ladder. Managerial responsibility comes in very late in the product career and the spans are typically small (relative to other functions like engineering, sales, operations). This also means a steeper funnel to the top and only a handful VP Product roles in the industry.

2. Product is centered around technology and digital consumer trends, both of which are fast changing. This requires constant unlearning and relearning. But more critically, this also means that previous knowledge/experience hits a plateau on marginal value beyond a basic threshold (where you have developed some essential product semse and skills).

3. Product managers are also much higher-paid vs other functional peers, at comparable years of experience. This means that a PM gets to a very high salary (say, 1+ crore) by the age of 40 (15-20y into their career). Tech functions in non-tech companies (like FMCG, banking) cannot offer that kind of pay, meaning salary growth beyond a point is limited to tech-first companies / limiting addressable market for lateral moves.

All of these considererd, how should PMs think about the longevity of their careers? Unlike traditional roles, this does not seem like a "retire at 60" job. What would be the realistic age one should plan for, at which career growth and salary growth will stagnate? What are ways in which a 80%ile PM can extend their career (eg: also taking up engineering management or P&L responsibility or growth function etc., to increase scope)?

PS: this post is not for the top 5-10% PMs. They will always find roles at VP level etc, this is for the 50-90%ile bucket of PM talent.

Longevity of a product career

Will commend you on a very well written and well articulated post. 
  
 Options for the future will be apparent at ~40.  Most peak roles will be achieved between 45-50. 
  
 Possible exits: 
  
 1. Running Category roles at companies which have a broad canvas, multiple product categories. 
 2. Deputing for and eventually running a P&L or a LoB. 
 3. Sales or more critically Customer Success.  Don't shy away from revenue responsibilities. 
  
 Engineering is a sharp left turn imo.  It's not an overlapping skillset at best and don't see how that is part of a PMs likely roadmap.

Sales Manager

Investor

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.

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

How much is this realistic

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