Production Manager Salary Range
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Production Manager Salary Range
There are reasons why product managers are called micro-managers, one of which is that Product Management as a profession serves as a training ground for future managers. Do you know what Indra Nooyi (chairman of PepsiCo.), Susan Wojcicki (head of YouTube), Stewart Butterfield (CEO of Slack), Satya Nadella (CEO of Microsoft), Marissa Mayer (former CEO of Yahoo) and Sundar Pichai CEO of Alphabet) Do they share? All have been product managers at various levels of management at some point in their careers.
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Julia Austin, who has taught Product Management at Harvard Business School since June 2020, said that the Product Manager must develop basic skills such as conducting customer interviews and user testing, conducting market research, pricing, and financial models, etc.
He emphasized that a good PM has a high EQ, which is the ability to empathize with customers and also to have a strong relationship with their organization that enables them to overcome internal and external challenges to deliver results. great. Julia provides valuable insight into what it takes to become a Product Manager.
With rapidly increasing product adoption rates and Product Managers being in demand, so are Product Management study qualifications. Check out AltUni’s Advanced Product Management Program here
So let’s get down to the trick of this article and why you decided to read it, and answer the question…
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Simply put – a lot! Depending on the organization you work with, Product Management is one of the highest paying jobs in the corporate world. An MBA graduate in India can earn an average salary of Rs 15.2 lakhs per year, excluding other salary components such as bonuses. But this is just a summary. How Much Do Top Companies Hire Product Managers? Which industry pays the most for product managers? How much does it produce products outside of India in countries like the US?
Below is the data, obtained from LinkedIn and written by the AltUni Group, in which the four tables answer all the questions mentioned to give a clear picture of the salaries received by Product Managers in India and the United States of America. .
Please note that the salary data below is not filtered by educational qualifications. Also, note that this salary information is for the ‘Product Manager’ job title. ‘Senior Product Manager’ and ‘Director of Product Management’ etc are top jobs that pay even more than a product manager’s annual income! You can do your own independent research on salaries for these jobs using data from LinkedIn, Glassdoor, PayScale, and Indeed.com.
The top five companies that offer the highest salary for Middle Product Management jobs are Flipkart, Myntra, Walmart, Amazon, and PayTM. All these companies are constantly recruiting from top MBA institutes in India; in fact, Amazon is one of the top authors of business schools in India!
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In top 10 companies, a Production Manager can earn up to Rs 38.00 lakhs per annum and can expect to earn at least ₹ 16 lakhs per annum as a basic salary. This does not include any bonuses and benefits normally offered by these top organizations.
The chart below also shows the range of industries where companies want to hire PMs, including companies from Hospitality, E-commerce, Telecom, Aerospace, Architecture, and IT.
What to know – Tech companies are hiring PMs hard and as is clear from the data above, they are the highest paid when it comes to these roles. But did you know that product managers are in demand (and highly paid) in sectors such as Real Estate, Travel, Aviation, Architecture, and more? A PM in the airline industry, is said to earn an average salary of ₹ 24.00 lakhs per annum, which can go up to ₹ 40.00 lakhs per annum, according to ambitionbox.com.
At the entry level, Product Managers are reported to earn an average salary of ₹ 12.00 lakhs per annum, rising to ₹ 25.00 lakhs per annum. The final salary, we estimate, is for top-level MBA students + engineering/engineering graduates.
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As expected, as you gain more experience in PM work, you can expect a higher salary due to the increase. At this point, it’s also important to note that through final salary or internal promotion, you can become a Senior Product Manager (or higher) and receive a larger base salary.
Apart from India, the country where Production Managers earn the highest salary is the United States; especially in the San Francisco Bay area aka Silicon Valley. Big companies like Facebook, Google, Microsoft, Apple, EY, etc.
Below is a list of the top 10 companies in the US based on the average salary paid for PM jobs.
Salary. From October 2022, this translates to ₹1.5 crores per year, and this does not even include the huge signing bonus and other perks that companies like Facebook provide to their employees.
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It is one of our most popular programs and has received a rating of 4.6 out of 5 from our participants! So here we are with another batch of Advanced Product Management programs, designed and developed by experts to help you increase your chances of building your dream job in Product Management.
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If you’re preparing for a professional interview, check out our interview questions page and salary negotiation ebook to prepare for the interview!
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Also, read Amazon Leadership Questions and Amazon Phone Interview Questions to get clear information and tips about Amazon tech interviews.
Having trained over 13,500 software engineers, we know what it takes to crack the toughest technical interviews. Since 2014, the Kickstart alum interview has received funding from FAANG and Tier-1 tech companies. The highest gift received by an IK alum is $1.267 Million!
At IK, you get a unique opportunity to learn from experienced professors who are hiring managers and technology leaders at Amazon, Facebook, Apple, and other top Silicon Valley technology companies.
When you apply for a Product Manager job at Amazon, your ranking depends on your level of experience and the skills you bring to the table. Product manager jobs are often high-level jobs, so they tend to attract higher salaries. Below are the Amazon Product Manager Ranks:
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The L8 and L9 positions are best reached through the trunk. If you are already a Senior Director of Product Management at another company and you apply to Amazon, you may be offered a position at the L8 level, although your title may remain the same.
As you can see in the following table, the growth increases, the fee increases and becomes more Amazon savings:
Amazon offers product managers exciting stock options in addition to other salary-related benefits. Product Managers are issued Restricted Stock Units that typically have a four-year term. The amount of units awarded depends on the level of hierarchy. Directors and Executive Directors are paid less bonuses and more stock options. In addition, the duration of the investment depends on the number of shares received. Usually, four years.
In addition to attractive packaging and stock options, Amazon also offers a wide range of products. Here are some benefits for you