Tech companies pay more money for pm roles than big3.

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What is the average pay scale for PM at McKinsey with exp ranging from 810 YOE.  Also how is PM related work?  Do they pay well?

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What is the average pay scale for PM at McKinsey with exp ranging from 8-10 YOE.

Also how is PM related work?

Do they pay well?

Product Manager Role with McKinsey

Product Manager

Product Manager Role with McKinsey- Grapevine

Product Manager role with McKinsey

Welcome to Indian Startups's Private Community

PM role at McKinsey (Product Manager)

YOE: 4.5+, MBA (marketing) from a good B-school.

What's the payscale for product marketing roles?

Product Marketing Manager

Management has tried to underpay us all this time. We deserve to know what is the real salaries for our YOE? 

I am being paid 24.6L CTC / 2 YOE. What about you?

Product Management CTC Thread: How much PMs really make?

You are being paid fairly or above average.

Software Developer

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

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?

Question in title. I’m hiring and wondering what’s the competitive salary for a PMM role with over 5 years of experience 

It’s getting a little confusing to associate a value given the current inflated salaries. Any leads will help!

What’s the average salary for somebody in a PMM role with over 5 years of experience?

Fellow Product Managers.
Looking to switch company as I believe I am being underpaid , wanted to understand current market compensation for following roles.
- Product Manager 
- Senior Product Manager

Current job details

- Product Manager
- YOE - 5.5 yrs
- CCTC - 31 LPA ( 22 fixed + 9 esops)


Please help me with the information,

Being Underpaid as a PM ?

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 8 YOE professional with 5 YOE as Project Manager. 

Q1. What is the best certifications required to get into Product Management role? 

Q2. What is the average salary in Pune for a Product Manager role with 8+ YOE? 

Currently I am being Baid 12 LPA as Project Manager and want to increase my salary by at least 20 LPA. 

C
Thanks in advance for your suggestions.

Want to be a Product Manager.

Software Project Manager

Hi, is there a possibility to get into senior consulting roles @ MBB while having 4YOE as a B2C PM(total 5YOE, no MBA)?

Also what's the salary like for such positions in MBB?

PM -> Consultant?

I've close to 7 YOE ( 4 in PM + 3 in Engg). 
Edn : Tier 1 MBA

What should be the ideal salary range I can expect ? What percent of CTC should I ask as ESOPs ?  

Current : 35 lpa

Thanks

Salary for PM

I am gonna graduate in June 2024 and want to get into product management, I have two internships in same domain but there is a gap after Jan 2023  because I started preparing for some exams in whole 2023 as market was very bad then , although it's bad now as well but not much as compared to last year, how should I approach towards it when getting back and what soft skills i can develop in these 3 to 4 months so as to land at good product management internship with a potential for full time conversion

How to get into product

PM YOE: 6
Overall YOE: 8
CTC:32LPA
ESOPS: 25lakhs 

Unlikely to get hikes as hiring is frozen and market is bad so I’m stuck at this. Is this a fair compensation ? Should I be looking elsewhere  (that is also proving challenging) ? Company is a startup. Up to answer any other questions

Apt salary for Senior Product Manager ?

What the ideal range for PM 7yoe?

I'm working as a technical product manager who has transitioned from analytics/data science role with over 5+ yoe and 2yoe as PM. I am earning in the range of 35-55LPA right now. While I am happy with the salary, I am not content with the role I have performed as PM so far. When I go for textbookish PM tasks and roles, I feel I don't do so much in my daily routine. Because of the nature of companies I worked in I didn't get a lot of hands on exposure into UX and the growth side of the job.

I don't have a lot of confidence with many areas of product management and feel like at this stage for me to grow needs a significant skill and confidence boost. To do the same I'm looking for courses/degrees. I'm hoping to get more better opportunities if I have certification in my portfolio.

What are your thoughts on the topic? Also, if you could suggest whether Hero vired certification in product management partnered with INSEAD will be a good choice? I will really appreciate objective feedback / frameworks that will help me with making the decision.

PM certification courses

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

I will be starting the interview loop with payu this week but the Hr is not disclosing the salary range. Can anyone in the know how help with the numbers?

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