Revealed: Product Management Salaries in India

Ankit Shukla and I collected data from over 1,019 PMs.

We found that average PM CTC grows from 17 Lakhs per annum as an APM to 130 Lakhs as a CPO.

Of course, there’s some bands around all of this.

Here’s the total comp 25th to 75th percentiles:

Associate PM: 14 to 20 lakhs
PM: 18 to 38 lakhs
SPM: 37 to 62 lakhs
PPM/GPM: 62 to 97 lakhs
Director: 61 to 133 lakhs
VP: 77 to 135 lakhs
CPO: 52 to 194 lakhs

But it’s interesting to look at the average.

For instance, here’s the average split between Fixed/Variable/ESOPs:

Associate PM: 82%/ 11%/ 6%
PM: 81%/ 6%/ 13%
SPM: 76%/ 9%/ 14%
PPM/GPM: 74%/ 13%/ 14%
Director: 65%/ 7%/ 28%
VP: 65%/ 7%/ 28%
CPO: 55%/ 7%/ 38%

The ramp up in variable and ESOPs is very dramatic at senior levels, from 17% to 45% of total compensation.

And that leads to huge increases in Total CTC.

For more details — mediums, locations, company, and other cuts — check out the full report.