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Product Managers
Product Managers
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PeppyCupcake
PeppyCupcake
Stealth

Being Underpaid as a PM ?

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,

13mo ago
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DancingMarshmallow
DancingMarshmallow
Cult.fit13mo

Is this 5.5 yoe completely PM ?

PeppyCupcake
PeppyCupcake
Stealth13mo

Yes

DancingMarshmallow
DancingMarshmallow
Cult.fit13mo

Should increase fixed portion to 30 LPA from what I understand. Esops are different for each company.

JumpyMuffin
JumpyMuffin
Stealth13mo

For PM1/PM2 Current Market: 25-28L fixed
Ideal market: >30L fixed

For SPM 38-55L fixed

PerkyNugget
PerkyNugget
Stealth13mo

Fixed component is less. You need to get to fix plus variable of atleast 34-35 Esops is always above what you get. Cannot be a replacement of cash.

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Apt salary for Senior Product Manager ?

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) ? Compa...