Product Manager Salary in 2025 [Freshers & Experienced]

A product manager is a professional who is responsible for identifying clients’ needs along with their business objectives and turning that vision into a reality. Their job role includes making a product strategy, managing its development roadmap, stating the functional and technical requirements, and launching the end product.

Furthermore, it includes developing a marketing strategy and initiating timely updates. With increasing digitization across every industrial sector, there is a high demand for product managers who can develop products as per the company’s needs. This has resulted in a high average product manager salary, creating lucrative career prospects for candidates belonging from an economics, business, or computer science background. Let’s learn more about product manager salaries with the help of this article.

Product Manager Salary in 2025

The standard product manager salary is around $1,47,061/annum. However, it tends to change depending on various factors. They are as follows:

1. Product Manager Salary: Based on Experience

With experience, individuals tend to gain knowledge and skills, which can come in really handy when dealing with critical situations. Here is the standard product manager salary based on the years of experience:

• Beginner: Junior product manager salary for candidates with working experience between 1 to 3 years is around $107,395 per annum. 
• Intermediate: Intermediate candidates with 3 to 5 years of experience receive an average of $115,073 per annum.
• Advanced: Senior product manager salary packages for individuals having 7+ years of experience usually range around $138,865 yearly.

So, the higher your experience, more will be your product manager's salary. But, having a SAFe POPM certification is a must to enusre that you can handle the added responsibilities that come with becoming a senior. 

2. Product Manager Salary: Based on Location 

Now, the average product manager salary will also vary depending on the location. Here are the yearly packages you can expect across the top global IT destinations:

A. India

Product manager salaries for the top Indian cities are as follows:

City	Average Salary
Bengaluru	₹ 21.6 lakh/annum
Mumbai	₹ 13.2 lakh/annum
New Delhi	₹ 14.0 lakh/annum
Gurgaon	₹ 19.5 lakh/annum
Hyderabad	₹ 18.0 lakh/annum
Pune	₹ 15.0 lakh/annum
Noida	₹ 16.7 lakh/annum
Chennai	₹ 14.0 lakh/annum
Ahmedabad	₹ 10.0 lakh/annum
Kolkata	₹ 11.5 lakh/annum

Head of product salary across the highest-paying Indian companies are:

Company	Average Salary
Paytm	₹24.6 lakh/annum
ICICI Bank	₹17.0 lakh/annum
Axis Bank	₹13.7 lakh/annum
HDFC Bank	₹12.3 lakh/annum
ICICI Lombard General Insurance Company	₹13.9 lakh/annum
Kotak Mahindra Bank	₹12.7 lakh/annum
IDFC First Bank	₹18.2 lakh/annum
Publicis Sapient	₹24.6 lakh/annum
Reliance Jio	₹19.6 lakh/annum
Bajaj Finserv	₹13.5 lakh/annum

B. US

Here is the standard product manager salary in the top US cities:

City	Average Salary
Chicago	$112,566/year
Austin	$126,478/year
San Francisco	$155,959/year
San Jose	$143,908/year
Washington	$123,849/year
Atlanta	$112,408/year
Seattle	$135,419/year
New York	$121,041/year
Dallas	$110,624/year

Mentioned below is the approximate technical product manager salary for the top US-based employers:

Company	Average Salary
Google	$2,76,659/annum
Cisco Systems	$2,23,733/annum
IBM	$1,29,114/annum
Cognizant Technology Solutions	$1,04,548/annum
Wipro	$1,15,118/annum
Infosys	$1,17,790/annum
Epic	$1,21,712/annum
Meta	$2,62,570/annum
Amazon	$2,30,239/annum
Microsoft	$2,14,753/annum

C. UK

Average associate product manager salary for the top cities across the UK are as follows:

City	Average Salary
Leatherhead	£67,398/year
London	£64,097/year
Cambridge	£62,091/year
Birmingham	£53,954/year
Bristol	£53,663/year
Manchester	£51,265/year
Leeds	£50,913/year
Leicester	£49,132/year
Nottingham	£48,645/year

Below are the yearly product manager salary packages of the top companies across the UK: 

Company	Average Salary
Meta	£1,20,000/annum
Google	£1,00,000/annum
Bloomberg L.P.	£1,40,932/annum
J.P. Morgan	£85,742/annum
Expedia Group	£76,338/annum
Checkout.com	£73,000/annum
American Express	£70,924/annum
Just Eat Takeaway.com	£69,472/annum
Babylon	£72,619/annum
Thomson Reuters	£68,699/annum

D. Australia

Approximate principal product manager salary across the top Australian cities are as follows:

City	Average Salary
Canberra	$337,728/year
Sydney	$139,019/year
Brisbane	$119,487/year
Macquarie Park	$144,089/year
Melbourne	$132,085/year
Sydney	$118,065/year
Newcastle	$140,335/year
Northern Beaches	$119,884/year
Perth	$105,734/year

The average product manager salary available across the highest paying Australian companies are:

Company	Average Salary
Canva	A$1,45,000/annum
Atlassian	A$1,39,634/annum
Commonwealth Bank of Australia	A$1,27,500/annum
WooliesX	A$1,55,000/annum
Optus	A$1,43,045/annum
WiseTech Global	A$1,63,000/annum
Telstra	A$1,31,472/annum
Zip Co	A$1,27,000/annum
Equifax	A$1,35,850/annum
Google	A$1,55,000/annum

E. Canada 

Average associate product manager salary in the top Canadian cities are as follows:

City	Average Salary
Vancouver	$100,892/year
Toronto	$98,742/year
Winnipeg	$97,699/year
Markham	$89,956/year
Ottawa	$92,969/year
Montreal	$96,901/year
Calgary	$85,907/year
Etobicoke	$82,293/year
Mississauga	$76,029/year

Here are the approximate product manager salaries offered by the top Canadian firms: 

Company	Average Salary
Bell	CA$85,138/annum
TD	CA$1,12,069/annum
TELUS	CA$92,155/annum
BMO Financial Group	CA$1,00,000/annum
Rogers Communications	CA$1,04,704/annum
Scotiabank	CA$96,000/annum
RBC	CA$99,148/annum
IBM	CA$1,13,498/annum
Loblaw Digital	CA$1,20,828/annum
Shopify	CA$1,16,394/annum

F. Singapore 

The standard product manager salary across the top-paying cities in Singapore are: 

City	Average Salary
Raffles	$8,508/month
Outram	$7,492/month
Shenton Way	$6,102/month
Tanjong Pagar	$7,736/month
Tao Payoh	$7,489/month
Clementi	$5,805/month
Queenstown	$7,655/month
Singapore	$7,011/month
Ang Mo Kio	$5,580/month

Here are the yearly product manager salaries offered by the highest-paying companies in Singapore:

Company	Average Salary
Standard Chartered Bank	$110,000/annum
Citi	$94,800/annum
Mastercard	$122,500/annum
Google	$12,750/month
Dell Technologies	$14,167/month
foodpanda	$8,167/month
HSBC	$6,958/month
OKX	$9,667/month
Garena	$5,417/month
StarHub	$6,008/month

Factors Affecting Product Manager Salary

Listed below are some of the major factors affecting the average product manager salary:

1. Location

Location can play a vital role in determining product manager salaries. Find the yearly packages for the top IT hubs across the globe:

Country	Average Salary
India	₹23 lakh/year
USA	$1,47,061/year
UK	£70,525/year
Australia	A$1,30,000/year
Canada	CA$1,05,723/year
Singapore	$11K - $25K/month

2. Industry

Here is the standard product manager salary across various industrial sectors:

Industry	Average Salary
Software	$110,785/year
IT Services and Consulting	$167K/year
Internet	$211K/year
Financial Services	$198K/year
Hardware and Networking	$168K/year
Retail	$82,334/year
Pharma	$138,434/year
Manufacturing	$166K/year
Banking	$87,209/year

3. Experience

Find the average product manager salary based on years of experience:

Experience	Average Salary
1 to 3 years	$107,395/annum
3 to 5 years	$115,073/annum
7+ years	$138,865/annum

4. Demand and Supply 

The forces of demand and supply also play a major role in determining product manager salaries. It is usually higher in core IT regions in comparison to other areas. For instance, in San Francisco, the average product manager salary is around $157,082 per annum. However, in Dallas, the annual package for this role is approximately $109,232.

To increase your chances of getting a high sr product manager salary, experts advise going for Agile Management training. It will provide you the necessary skills which employers usually look for, thus enhancing your salary prospects. 

5. Certifications

Apart from enhancing your skills, certifications act as proof of your professional credibility. Consider opting for the following certifications to increase your chances of getting a higher product manager salary:

Certificates	Average Salary
Software Product Management	$110,785 per annum
Certified Product Manager Online Course	$138,000 per annum
Master of Product Management	$127,800 per annum
Product Management Training	$110,422 per annum

6. Skills 

Skills are of two types – soft and hard. The former is related to the way you work, while the latter is based on technical knowledge. To become a successful product manager, you need a combination of both soft and hard skills.

a. Soft Skills

The soft skills that you need to become a product manager are as follows:

• Leadership
• Communication
• Time management
• Task prioritization
• Problem solving
• Critical thinking
• Creativity

b. Hard Skills

Here are the hard skills that recruiters look for in product manager candidates:

• Market research
• Technical specifications and requirements
• Web development
• Product management
• Strategic thinking 

How to Improve Product Manager Salary?

You can improve your product manager salary by focusing on the following aspects:

• Skills: Improving your skillsets is an effective way of increasing your yearly product manager salary. It will enable you to take on additional responsibilities, along with opportunities to apply for senior positions.
• Certifications: Apart from helping enhance your skills, certifications help validate your proficiency in those domains. It also adds significant weightage to your resume, enabling you to apply for senior roles which come with higher salaries.
• Degrees: A Bachelor’s degree in computer science, economics or any business-related field will suffice. Going for an MBA is also a great idea. It will help you apply for higher positions, enabling you to avail higher salaries.
• Experience: As you gain experience in a job role, you acquire the knowledge, insight and expertise to deal with a wide array of situations. This increases your value as an employee, enhancing your chances of earning a higher yearly package.

Why are Product Managers Paid So Much? 

Product managers are responsible for designing and monitoring the entire product development process. It involves taking into account the needs of clients, analyzing market data, coordinating between departments, making sales forecasts and much more.

Executing so many duties requires experience, proficiency and knowledge. Thus, the average product manager salary is usually on the higher side than other related job roles. 

Conclusion

Given the high average product manager salary, this job role provides excellent career prospects to aspiring individuals. However, competition is usually very high for such positions. So, in order to make yourself stand out among other candidates, enrolling in a Product Management certification program on KnowledgeHut can be an effective move.

It will improve your concept of product ideas, which can later help you solve user problems and deliver results as per business goals.