I have heard that PM and SPM salaries are undergoing market correction. Is this actually happening? If yes, by how much?  I think avg PM salary is 30 LPA and avg SPM salary is 40 LPA. What is the n...

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I have heard that PM and SPM salaries are undergoing market correction. Is this actually happening? If yes, by how much? 
I think avg PM salary is 30 LPA and avg SPM salary is 40 LPA. What is the new norm post correction?

Market correction in PM & SPM salaries

Product Manager

Market correction in PM & SPM salaries- Grapevine

For most part of last decade, product managers commanded a healthy premium in compensation over their business counterparts. This is largely how tech companies globally have operated, and what we have mirrored. But as the Indian tech ecosystem has matured over the last few years, a couple of the underlying assumptions have changed:

One, ten years back, there was an explosion of startups and they were all in the market for "experienced product managers", and in a still nascent tech industry, such talent was in scarcity - thus triggering a premium positioning. Now, arguably, the equation has reversed: there are far more people entering the trade / in the profession with <5 years experience, than there are open roles in the market. And more critically, the growth rate of "product positions" has stagnated: particularly since product is a high-leverage function and does not scale linearly with company growth (but instead only with growth in # of companies).

Two, most Indian startups / tech companies are not product-led unlike Silicon Valley ventures. Instead, a vast majority are operating businesses. These companies tend to have dedicated business teams who take up primary ownership of the business goals and thus, call the shots. In such setups, product managers play second fiddle as a bridge function to tech. Worse, product managers who scaled in such environments, they end up playing that part too: too focused on tech / design execution with not as much depth on the business understanding. In post-covid boom, we got the tailwind of being an engineering-adjacency in a techno-optimistic market. Now the same tides have turned and as a "generalist tech function", we are under scrutiny for wage-bill pressure.

Do you foresee a correction in PM salaries? How soon (1y / 3y / 5y), and to what extent (10% / 20% / 30%) will the market correct itself?

Is PM salary due for a correction?

Investor

In market, what are the salaries ranging for PM 2/ SPM ? 
Also, what is expected product experience for each band ?

Market Salaries

Hi! 

I have had about a decade's worth of experience mostly in the ops-biz side of things. I've been part of the 0-1 and 1-10 journeys of some very successful startups in food-tech, fitness, ride hailing etc. In my current org, I was hired for a business role (I was the 5th employee here), but as the product team was formed, I transitioned into a Product role. It's been a few months into the role, and things like roadmaping, wireframing, design etc are coming in intuitively to me (surprisingly!).

Now here's the thing - I feel I need a salary correction (given the transition to Product from Biz), but I don't know what is the salary band for SPMs. 

Do note, my org is not tech-first, infact is a subsidiary of a hospital chain and so I'm not really expecting them to match VC backed startup/tech salaries. But even then, given that I lead an entire pod, what would a good (non-inflated) SPM salary look like?

Average SPM salary range?

Product Owner

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

Based on my experience, here's what I've seen so far:
PM 1 - 20-30 lakh
PM 2 - 30-40 lakh
SPM - 45-55 lakh

What does the salary range for GPM, Director and VP look like?

PM salary progression?

Welcome to Software Engineers's Private Community

I have seen lot of posts about openings lately, are companies back to hiring now or what exactly is the market going on ?
People who have recently applied can share their experiences on the market, compensation hike and ghosting by HRs if it is still happening

How is hiring rn

Software Developer

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

I am sick of PM junta acting so pricey when joining a Series A. Most junta are stuck in their jobs doing boring stuff, and they keep seeking exciting opportunity to arrive. But when it's knocking on the door suddenly everyone wants a 40-50% fixed pay hike and doesnt want risk sharing (say ESOP component higher than fixed). For what!! 

Dude Series A has lesser money that's 1, unlike the cushy companies to these PMs are leaving and then, all of a sudden , I derive my happiness from "intellectual stimulation" or "real work" just vanishes in thin air.
Btw, we are offering like 5-15% hike on their current fixed pay with atleast 1:1 ESOP min (giving more to people who negotiate on ESOPs).

Series A hiring is tough. 🥲

Hiring PMs at series A

Founder

Welcome to IT Company Discussion's Private Community

Did any of you get a raise due to market correction when a junior batch of graduates join your company at a higher salary than yours?
 
For Example :- Your batch of fresh graduates joined the company at 5 LPA and the batch of graduates joining next year join at 8 LPA. Does the previous batch get an increment in salary to match that of the junior batch?

Did you get Market Correction in Salary?

What should my strategy be if I want to 4x my current salary (let's say go from 7LPA to approx 30LPA) in the next 4-5 years? Is this a realistic expectation to have moving forward? With regards to my work ex; I started off my career with sales, worked for 7 months, left the job, upskilled myself a little bit and landed a product manager role. So in total I have about a year of experience (7 months in sales and rest out it as a pm). Also I have a engineerring background and have also completed my MBA, both of them from tier 2 colleges.

Need more CTC

Hello Viners!

Wanted to know what are some good product companies that offer great WLB and okay pay (need not be above market standards) and are hiring right now.

Wanted to create a laundry list of companies where you can work sustainably for a few years at least. Will be using the same to apply at these places

P.S: Please don't include "rocket ships"!

#wlb #jobs #product

Product Companies with good WLB

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?

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 😁

Growth Manager

What is the Salary range of a PM and SPM in a Series B funded startups ?

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

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