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PM Career Trajectories in Fintech
A career in Fintech product management and ownership involves a diverse set of roles and responsibilities. The primary role of a Fintech product manager is to manage the development of a product from its early stages to its release to consumers. They will also be responsible for identifying, developing, and selling new Fintech products and ensuring the quality of existing products. For Fintech product managers in India, here’s what a typical career path would look like:
FinTech PM Salaries: Average Salary Comparison of Top Companies
So, how much does a Product Manager earn on average? According to Glassdoor, the average base pay for PMs in India is ₹16,00,000 per year. The confidence estimate on this figure is very high, and they’ve based it on over 32,000 reported salaries.
As with many jobs, Product Managers tend to get paid more at large companies. So what are PM salaries like at leading Fintech companies in India?
*It's important to note that the salary data provided is based on anecdotal sources such as Glassdoor, and should only be used as a general reference. Variables such as company, industry, and qualifications can greatly affect compensation for Product Managers in Indian Fintech.
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Salary Comparison Based on Job Titles
As you know, Product Management in the Indian Fintech industry encompasses a variety of roles, including product managers, product analysts, and product owners. The responsibilities, qualifications, and compensation for these roles can vary widely. In general, product management professionals who have more leadership and client-facing responsibilities tend to have higher compensation.
Below, you can find salary ranges and averages for product management professionals based on their job titles:
Again, we’ve tried to find accurate data wherever possible, but the usual caveats apply.
Keeping our focus on the Fintech industry, we can see that as a product manager at one of these top firms, you could earn around 23 lakhs per year. In contrast, if you are a senior/group product manager, your experience will earn you an average annual salary of 33 LPA. Pay for PMs clearly increases with seniority, with companies like BharatPe paying up to 44 lakhs for senior PMs.
Salary Comparison Based on Different Locations
Like most roles, Fintech PM Salaries can also vary widely depending on location. According to Glassdoor, cities like Delhi, Bangalore and Hyderabad tend to offer higher salaries for product managers in Fintech, as these cities are significant tech hubs in India.
What You Should Know
As the market continues to expand, so does investment in product management, resulting in an increase in demand for top talent. As companies compete to hire top talent, they will likely offer better compensation packages to attract and retain the best candidates. However, it's important to note that salary can vary based on factors such as location, company size, and level of experience. With this information in mind, you can set realistic salary expectations and negotiate your compensation with confidence.
If you're interested in starting a career in product management, AltUni’s Certificate Program in Product Management is an excellent resource to get started.
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AltUni Career Services will help you become job-ready & as our alumni, you’ll get exclusive access to job prospects. As a matter of fact, our alumni of the Product Management program have received offers from brands like Jio Haptik, Microsft, Booking.com, etc. with the highest package being INR 34 LPA.
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