Aditi Singh

Is a project manager properly compensated? What are the compensation trends for project managers in India? These are some of the most important issues to consider when you seek a project management job.

Read this article to learn all you need to know about project manager salaries in India depending on experience, geography, and industry.

Let's begin by responding to this easy question:

What does a project manager do, and who is he?

As the name implies, a project manager oversees and manages projects. They are in charge of the project's six components, including scope, schedule, money, risk analysis, quality assurance, and resource procurement, from planning to final execution.

They are in charge of leading teams, monitoring and controlling project progress, and overseeing the full project cycle. Project managers serve as a liaison between senior management and the team, as well as sharing progress updates with interested parties.

A project manager's responsibilities include the following:

Analyze and reduce the risks involved in order to ensure a smooth project completion.

Outline the project's goal, scope, resource acquisition, and allocation.

Establish the project's phases and a deadline for its completion.

To guarantee project satisfaction, coordinate with customers, teams, and senior management.

Sharing reports with the project's stakeholders on any new developments.

To work as a project manager, you'll need a Bachelor's degree in computer science or business, as well as some related experience. Consider taking online Project Management Professional (PMP) certification classes.

The income of a project manager in India varies depending on numerous criteria such as experience, location, and industry. Let's look at the wage trends and figure out what the typical compensation is for someone in this position.

The average income of a project manager in India is INR 13 lacs and varies between INR 3.6 lacs and 25.3 lacs, according to 68.1k salary insights from project managers around the nation.

Salary ranges for project managers based on their level of experience.

For freshers, the annual average project manager compensation is 4.5 LPA and varies from INR 1 Lac to 20.2 Lac.

 

With 5 years of experience, the yearly average project manager compensation is INR 6.0 LPA and varies from INR 2.9 to 16 lacs.

The average annual project manager pay with ten years of experience is INR 11.0 LPA and ranges from INR 4.4 Lacs to 22.0 Lacs.

The average annual project manager compensation for those with 15+ years of experience is INR 15.4 LPA, with salaries ranging from INR 6.0 lacs to 29.6 lacs.

Salary of a project manager varies by geography.

Project manager salaries in New Delhi range from INR 3.6 lakhs to 22.7 lakhs per annum, with an average annual income of INR 9.6 lakhs per annum.

In Mumbai, project manager salaries range from INR 4.1 to 24 lacs per annum, with an average annual income of INR 12 LPA.

In Bengaluru, project manager salaries range from INR 5 to 26 lacs per annum, with an average annual income of INR 15.0 LPA.

Project manager salaries in Pune range from INR 4.7 to 24.9 lakhs per annum, with an average annual income of INR 15 lakhs per annum.

The average yearly pay for a project manager in Hyderabad/Secunderabad is INR 14.5 LPA and varies from INR 5.0 lacs to 24.9 lacs.

Based on the industry, the average project manager compensation is

A project manager's remuneration is determined by the industry in which they operate. Here are some wage statistics for project managers in various industries:

A project manager's average income in IT services and consulting isINR 16.0 LPA, with salaries ranging from INR 6.0 to 24.0 LPA.

A project manager's average income in the media, entertainment, and publishing industries is INR 7.2 LPA, with salaries ranging from INR 2.5 to 28.0 LPA.

A project manager's average compensation in an Internet-based company is INR 13.8 LPA, with salaries ranging from INR 4.6 to 25.0 LPA.

The average pay for a project manager in the advertising/public relations/events industry.

Conclusion

Today, project managers are in high demand, making them one of the highest-paid occupations. If you want to work in this industry, now is the time to start. We hope that this article has provided you with a clear picture of project manager compensation trends in India.

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