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Project Manager Average Salary in India 2022

How much money does a Project Manager make in India?


Average Monthly Salary
35,600 INR
( 428,000 INR yearly)

LOW
18,900
INR
AVERAGE
35,600
INR
HIGH
54,200
INR

A person working as a Project Manager in India typically earns around 35,600 INR per month. Salaries range from 18,900 INR (lowest) to 54,200 INR (highest).

This is the average monthly salary including housing, transport, and other benefits. Project Manager salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Project Manager Salary Distribution in India

Median and salary distribution monthly India Project Manager
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The median, the maximum, the minimum, and the range

  • Salary Range

    Project Manager salaries in India range from 18,900 INR per month (minimum salary) to 54,200 INR per month (maximum salary).

  • Median Salary

    The median salary is 33,500 INR per month, which means that half (50%) of people working as Project Manager(s) are earning less than 33,500 INR while the other half are earning more than 33,500 INR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Project Manager(s) are earning less than 23,600 INR while 75% of them are earning more than 23,600 INR. Also from the diagram, 75% of Project Manager(s) are earning less than 41,200 INR while 25% are earning more than 41,200 INR.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Project Manager Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly India Project Manager
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Project Manager salaries by experience level and this is what we found.

A Project Manager with less than two years of experience makes approximately 21,700 INR per month.

While someone with an experience level between two and five years is expected to earn 26,600 INR per month, 23% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 37,800 INR per month, 42% more than someone with two to five years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Additionally, Project Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 44,100 INR per month, 17% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 48,500 INR per month, 10% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 51,300 INR per month, 6% more than people with fifteen to twenty years of experience.


Project Manager average salary change by experience in India

0 - 2 Years
21,700 INR
2 - 5 Years+23%
26,600 INR
5 - 10 Years+42%
37,800 INR
10 - 15 Years+17%
44,100 INR
15 - 20 Years+10%
48,500 INR
20+ Years+6%
51,300 INR
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Project Manager Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Project Manager(s) who have the same experience but different education levels.

Salary comparison by education level monthly India Project Manager
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Project Manager salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Project Manager is 26,300 INR per month.

While someone with a Certificate or Diploma gets a salary of 29,800 INR per month, 13% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 39,000 INR per month, 31% more than someone with a Certificate or Diploma.

Professionals who hold a Master's Degree are rewarded with an average salary of 51,300 INR per month, 32% more than someone with Bachelor's Degree.


Project Manager average salary difference by education level in India

High School
26,300 INR
Certificate or Diploma+13%
29,800 INR
Bachelor's Degree+31%
39,000 INR
Master's Degree+32%
51,300 INR
Percentage increase and decrease are relative to the previous value

Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in India costs anywhere from 160,000 Indian Rupee(s) to 479,000 Indian Rupee(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Project Manager Salary Comparison By Gender

Salary comparison by gender monthly India Project Manager
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Project Manager employees in India earn 15% more than their female counterparts on average.

Male
37,500 INR
Female-13%
32,600 INR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in India for all Careers

Salary comparison by gender monthly India
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Project Manager Average Annual Salary Increment Percentage in India

How much are annual salary increments in India for Project Manager(s)? How often do employees get salary raises?

Project Manager

Project Manager(s) in India are likely to observe a salary increase of approximately 13% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 16 months.

Annual Salary Increment Rate India Project Manager
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

India / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in India is 7%.

Annual Increment Rate By Industry 2021

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Listed above are the average annual increase rates for each industry in India for the year 2021. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

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Project Manager Bonus and Incentive Rates in India

How much and how often are bonuses being awarded?Annual Salary Bonus Rate India Project Manager
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A Project Manager is considered to be a high bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

22% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 78% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.

Received Bonus
78%
No Bonus
22%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Project Manager Average Hourly Wage in India


210 INR per hour

The average hourly wage (pay per hour) in India is 210 INR. This means that the average Project Manager in India earns approximately 210 INR for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Project Manager VS Other Jobs

Salary Comparison Between Project Manager and Executive and Management monthly India
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The average salary for Project Manager is 18% less than that of Executive and Management. Also, Executive and Management salaries are 35% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Coordinator29,700 INR-17%
Administration Manager35,600 INR-0%
Area Manager33,300 INR-7%
Asset Protection Associate38,800 INR+9%
Assistant Director36,400 INR+2%
Assistant Manager39,200 INR+10%
Assistant Operations Manager41,600 INR+17%
Assistant Project Manager37,200 INR+4%
Assistant Section Head30,900 INR-13%
Assistant to CEO34,400 INR-3%
Assistant Vice President39,600 INR+11%
Associate Director37,600 INR+6%
Bid Manager42,400 INR+19%
Branch Manager40,800 INR+15%
Business Development Manager45,500 INR+28%
Business Operations Associate37,200 INR+4%
Business Operations Lead38,400 INR+8%
Campaign Manager41,200 INR+16%
Chairman of The Board69,300 INR+95%
Chairman Office Manager45,500 INR+28%
Chief Corporate Officer57,400 INR+61%
Chief Executive Officer71,300 INR+100%
Chief Financial Officer65,600 INR+84%
Chief of Staff33,300 INR-7%
Chief Operating Officer53,400 INR+50%
Chief Risk Officer45,900 INR+29%
Client Services Manager45,900 INR+29%
Commercial Project Manager38,800 INR+9%
Commodity Broker29,700 INR-17%
Corporate Affairs Executive42,400 INR+19%
Corporate Compliance Director46,300 INR+30%
Corporate Director48,700 INR+37%
Corporate Officer33,300 INR-7%
Corporate Partnerships Officer34,400 INR-3%
Country Manager55,400 INR+56%
Deputy Director50,300 INR+41%
Director55,400 INR+56%
Director of Accreditation47,100 INR+32%
Director of Catering Services42,400 INR+19%
Director of Client Services45,500 INR+28%
Director of Facilities Management38,800 INR+9%
Director of Operations47,100 INR+32%
Director of Process Simplification37,200 INR+4%
Director of Project Management49,500 INR+39%
Director of Revenue Management43,500 INR+22%
Director of Training and Development45,500 INR+28%
Distribution Manager48,700 INR+37%
Division Manager41,600 INR+17%
Duty Manager40,800 INR+15%
Engagement Manager49,900 INR+40%
Executive Director70,100 INR+97%
Executive Manager57,800 INR+62%
Franchise Manager60,200 INR+69%
General Manager55,400 INR+56%
Global Master Data Manager49,500 INR+39%
Head of Middle Office44,700 INR+25%
Head of Projects47,500 INR+33%
Head of Sustainability40,000 INR+12%
Housing Manager38,000 INR+7%
HSE Manager39,200 INR+10%
Key Account Manager39,600 INR+11%
Knowledge Manager45,500 INR+28%
Location Manager44,300 INR+24%
Logistics Manager36,800 INR+3%
Management Consultant37,600 INR+6%
Management Executive51,100 INR+43%
Manager47,500 INR+33%
Managing Director57,000 INR+60%
MIS Executive47,500 INR+33%
Ocean Services Manager49,500 INR+39%
Operations Assistant34,400 INR-3%
Operations Director53,000 INR+49%
Operations Executive51,500 INR+45%
Operations Manager53,000 INR+49%
Operations Supervisor43,900 INR+23%
Policy Administration Executive40,400 INR+13%
Private Sector Executive42,000 INR+18%
Product Development Manager47,500 INR+33%
Product Executive41,600 INR+17%
Production Executive47,900 INR+34%
Production Manager47,900 INR+34%
Production Supervisor40,400 INR+13%
Program Manager49,500 INR+39%
Programme Coordinator34,000 INR-5%
Project Control Manager49,500 INR+39%
Project Coordinator29,300 INR-18%
Project Management Officer33,600 INR-6%
Project Manager35,600 INR-0%
Project Portfolio Manager38,000 INR+7%
Quality Manager38,400 INR+8%
R/D Director42,400 INR+19%
Regional Director65,300 INR+83%
Regional Manager49,100 INR+38%
Relationship Manager47,100 INR+32%
Retail District Manager33,600 INR-6%
Revenue Manager37,600 INR+6%
Risk and Capital Manager53,800 INR+51%
Risk Officer36,000 INR+1%
Safety Manager35,600 INR-0%
Section Head36,400 INR+2%
Service Manager38,000 INR+7%
Shift Supervisor29,300 INR-18%
Solutions Manager33,600 INR-6%
Supervisor29,300 INR-18%
Supply Chain Manager50,300 INR+41%
Surveyor33,300 INR-7%
Technical Manager45,500 INR+28%
Territory Manager47,100 INR+32%
Validation Manager40,400 INR+13%
Vice President57,400 INR+61%
Zone Manager49,500 INR+39%

Salary Comparison By City

CityAverage Salary
agra34,100 INR
Ahmadabad40,100 INR
Bangalore40,600 INR
Bhopal36,100 INR
Chennai40,600 INR
Coimbatore33,400 INR
Delhi41,700 INR
Ghaziabad35,800 INR
Hyderabad38,700 INR
Indore35,600 INR
Jaipur37,600 INR
Kanpur36,500 INR
Kolkata38,100 INR
Lucknow37,800 INR
Ludhiana34,400 INR
Madurai32,100 INR
Mumbai40,800 INR
Nagpur38,300 INR
Patna33,600 INR
Pimpri-Chinchwad37,300 INR
Pune38,900 INR
Surat40,000 INR
Vadodara32,100 INR
Visakhapatnam36,200 INR

Salary Comparison By State

StateAverage Salary
Andaman & Nicobar Islands30,600 INR
Andhra Pradesh40,400 INR
Arunachal Pradesh34,900 INR
Assam37,100 INR
Bihar42,500 INR
Chandigarh32,600 INR
Chhatisgarh39,300 INR
Dadra & Nagar Haveli30,400 INR
Daman & Diu30,400 INR
Delhi37,300 INR
Goa34,800 INR
Gujarat39,200 INR
Haryana36,900 INR
Himachal Pradesh36,300 INR
Jammu & Kashmir38,000 INR
Jharkhand38,300 INR
Karnataka40,800 INR
Kerala39,900 INR
Lakshadweep28,900 INR
Madhya Pradesh41,000 INR
Maharashtra42,800 INR
Manipur35,900 INR
Meghalaya32,900 INR
Mizoram32,000 INR
Nagaland34,300 INR
Orissa41,000 INR
Pondicherry31,600 INR
Punjab37,600 INR
Rajasthan42,000 INR
Sikkim33,000 INR
Tamil Nadu39,700 INR
Tripura34,800 INR
Uttar Pradesh45,200 INR
Uttaranchal36,500 INR
West Bengal40,900 INR

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in India earn 5% more than their private sector counterparts on average across all sectors.

Private Sector
31,000 INR
Public Sector+5%
32,700 INR
Percentage increase and decrease are relative to the previous value

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