Project Manager Salary in India 2023 - Find the Current Salary Trends

The average salary for Project Managers varies depending on factors such as location, experience, and industry. Let’s have a look at the salary trends and discover the salary for individuals in this role.

In India, the median annual salary for Project Managers is around ₹18 lakhs, ranging from ₹10L - ₹24L. The average in-hand salary for Project managers ranges from ₹91,721 - ₹94,175/month. Overall, project management offers competitive compensation, with variations based on experience, certifications, and geographical region. Professionals should also consider these factors when evaluating potential earnings in this field.

If you are interested in knowing more about Project Management, the average salary trends and more, this article is the right place for you.

The average project manager salary in India, for both freshers and experienced professionals, varies across sources but provides a clear range. Here's a breakdown of the salaries based on various sources:

• As per Glassdoor, the average annual salary of Project Managers in India is ₹18,00,000.
• Glassdoor also states that the salary ranges from ₹10L - ₹24L.
• Various factors like knowledge of Project Manager tools and techniques, geographical location, skills, etc., impact the average salary of Project managers.

Project Manager Salary Based on Experience 

The salary of Project Managers varies based on the level of experience. With more experience, the salaries also increase. Here's an overview of Project Manager salaries based on experience:

The above-mentioned data highlights the variation in Project Manager salaries in India based on experience, with experienced professionals commanding higher pay and the salary range becoming wider as experience grows.

In India, various Project Manager roles exist across industries, each with its own salary range. Here's an overview of some common project manager roles and their associated salaries:

Information Technology (IT) Project Manager 

An IT Project Manager plans, coordinates, and oversees information technology projects. They manage project execution team coordination and ensure successful project delivery while adhering to timelines and budgets, playing a crucial role in IT project success. They must have crucial Project management skills, including project leadership, communication, budget management, adaptability, and more.

The average annual salary of IT Project Managers in India is around ₹16,45,000. 

Construction Project Manager 

A Construction Project Manager supervises and coordinates building projects. They handle budgets, schedules, and resources while ensuring projects meet quality standards and safety regulations. Construction Project Managers must have key skills, including leadership to manage diverse teams, effective communication with stakeholders, industry knowledge to make informed decisions, and flexible planning to adapt to changes.

The average annual salary of Construction Project Managers in India is around ₹10,39,458. 

Engineering Project Manager

An Engineering Project Manager supervises engineering projects from planning to completion. They manage resources and teams of engineers and ensure projects stay on time and within budget. Key skills required to become a successful Engineering Project Manager include organizational abilities, leadership to manage teams, excellent communication, and problem-solving skills. They are vital in executing engineering projects efficiently and successfully.

The average annual salary of Engineering Project Managers in India is around ₹25,48,076.

Marketing Project Manager 

A Marketing Project Manager oversees and executes marketing campaigns and strategies. They ensure that marketing projects align with company goals, manage teams, and maintain brand standards. They need various skills to become a successful Marketing Project Manager, such as time management, organization, communication, goal management, attention to detail, etc. They are crucial in driving marketing efforts to success.

The average annual salary of Marketing Project Managers in India is around ₹16,92,290.

Health Services Project Manager

A Health Services Project Manager supervises healthcare projects, from initiation to completion, aiming to improve healthcare delivery. They are vital in ensuring the successful execution of projects related to healthcare services, contributing to improved healthcare delivery and patient outcomes. Health Services Project Managers need various skills like leadership, problem-solving, adaptability, interpersonal communication, critical thinking, and team building.

The average annual salary of Health Services Project Managers in India is around ₹8,45,013.

Project Manager's salaries in India can differ significantly based on the city they work in. Here are the top 5 paying cities for Project Managers in India, along with their average annual salaries:

These cities offer competitive salaries for Project Managers, with Mumbai and Delhi leading the list with an average annual salary of ₹16,00,000, followed closely by Bengaluru/Bangalore at ₹15,90,000 and Pune at ₹15,20,000. Hyderabad offers a respectable average salary of ₹13,20,000, making it an attractive destination for project management professionals. It's worth considering these cities when planning a career in project management in India.

Project Managers in India can find lucrative opportunities in various industries. Here are some of the top-paying industries for Project Managers in India: 

Project Management salaries in top companies in India can vary, but they are generally competitive. Here is some information about Project Management salaries in India:

To progress more in your Project Management career and earn more, you can follow these before-mentioned tips: 

Certifications: If you want to earn more in the Project management sector, you must know how to get a PMP certification. You can also obtain other certifications like PRINCE2. These certifications enhance your skills and increase your market value. 

Experience: Build a strong track record by successfully delivering projects on time and within budget. Demonstrating your ability to manage projects efficiently can lead to higher-paying opportunities. You must have good experience in the Project Management field, i.e., at least more than 3 years, to earn a handsome salary. 

Education: You must have good Project Manager qualifications to earn more. Consider pursuing advanced degrees or additional education related to project management, which can make you more competitive in the job market. 

Specialization: Specializations are helpful for Project managers as they can have expertise in certain sectors and may command higher salaries. Specializations in sectors like Construction, Engineering, Information Technology, Healthcare, Finance, etc., will help you have a better understanding of Project Management Tools and Techniques.

Negotiation Skills: Project managers negotiate to secure resources, resolve conflicts, and advocate for project needs. They ensure project success by making compelling arguments and fostering strong relationships with stakeholders and clients. 

Keep Learning: Stay updated with industry trends and best practices. Continuous learning can keep you competitive in the job market and potentially lead to higher-paying roles. You can learn by pursuing Project Management courses like 

• Learn JIRA with real-world examples (+Confluence bonus) by Eduonix 
• Project Management: Master Project Management - PMP/PMI by Skillshare
• Scrum for Agile Scrum Practitioners by Go Skills 

Network: Build a professional network in your industry. Networking can provide insights into job opportunities and potential salary increases. They can network at conferences like the PMI Global Summit through LinkedIn groups and online communities for professional growth and connections. 

The landscape of project manager salaries in India is a dynamic one, influenced by several key factors. As evident from the above-mentioned data, salaries can vary significantly depending on factors like experience, location, industry, and skills. Seasoned project managers tend to command higher salaries due to their expertise and proven track record. Geographical location plays a pivotal role, with metropolitan cities often offering more lucrative compensation.

Learning project management skills and amassing experience is pivotal for anyone seeking to maximize their earning potential in this field. Project managers who continually enhance their knowledge and adapt to evolving trends are better positioned to secure higher-paying roles.

In this digital age, online certification courses have emerged as invaluable tools for skill development and keeping abreast of the latest project management trends. They not only enhance one's competence but also provide the flexibility to learn at one's own pace.

For those aspiring to boost their project manager salary in India, a dedication to continuous learning, gaining experience, and embracing online certification courses is the path to achieving success. By understanding the nuances of this ever-evolving profession, individuals can thrive in a competitive job market and reap the financial rewards it offers.

If you are looking for courses to enhance your knowledge of Project Management, you can have a look at Careervira. Here, you will find all the Project Management courses you might need to upscale your career. This is the best time to enroll yourself in a course and earn better than before!