Product Management salaries

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Summary of Salaries Reported in

Mumbai

33

Total Salaries

33

Total Companies

₹5.0L

Min Salary

₹68.0L

Max Salary

₹28.8L

Avg. Salary

The median total compensation for a product manager in Mumbai is ₹28.0L per year, based on 33 salaries reported directly by PMs. The middle 50% earn between ₹15.0L and ₹36.0L. These are real, self-reported packages — base, bonus and equity combined — not estimates.

Product manager salary in Mumbai by seniority

How median total compensation rises with seniority in Mumbai:

Associate Product Manager: ₹13.0L median (₹10.0L–₹25.0L across 6 submissions)
Product Manager: ₹21.0L median (₹17.9L–₹34.5L across 17 submissions)

What makes up the package

For PMs in Mumbai, the median fixed base salary is ₹23.0L. 24% report equity as part of their package and 64% receive an annual bonus — so total compensation runs meaningfully above base for many.

How Mumbai compares to other cities

Median PM total compensation across major Indian hubs:

Product manager salary in Pune: ₹35.0L median
Product manager salary in Hyderabad: ₹34.0L median
Product manager salary in Noida: ₹32.0L median
Product manager salary in Bangalore: ₹29.0L median
Product manager salary in Gurgaon: ₹27.0L median

See the full picture on the India PM salary database, or explore by role: Product Manager, Senior PM, Associate PM.

Methodology

This page reflects 33 PM salaries in Mumbai, reported directly by product managers between January 2023 and March 2024. We report the median rather than the average, because a few very high packages pull an average upward and misrepresent typical pay. Add your own salary (anonymously) to keep this current.

Mumbai

Salaries

Company Name

Job Title

Location

Total Experience

Total Salary

4

Years

INR

36,00,000

Details

Qualification

Bachelor's degree

Gender

Male

Updated On

March 10, 2024

Total Salary

36,00,000

Base Salary

25,00,000

Bonus

5,00,000

Equity

6,00,000

12

Years

INR

33,00,000

Details

Qualification

Master's Degree

Gender

Female

Updated On

February 14, 2024

Total Salary

33,00,000

Base Salary

28,00,000

Bonus

5,00,000

Equity

0

Navneet Education Limited

1

Years

INR

13,00,000

Details

Qualification

Bachelor's degree

Gender

Male

Updated On

January 18, 2024

Total Salary

13,00,000

Base Salary

11,70,000

Bonus

1,30,000

Equity

0

4

Years

INR

17,92,000

Details

Qualification

Master's Degree

Gender

Male

Updated On

October 27, 2023

Total Salary

17,92,000

Base Salary

16,92,000

Bonus

0

Equity

0

2

Years

INR

5,00,000

Details

Qualification

Bachelor's degree

Gender

Female

Updated On

October 13, 2023

Total Salary

5,00,000

Base Salary

4,70,000

Bonus

0

Equity

0

1

Years

INR

8,00,000

Details

Qualification

Bachelor's degree

Gender

Male

Updated On

October 12, 2023

Total Salary

8,00,000

Base Salary

7,00,000

Bonus

1,00,000

Equity

0

Aditya Birla capital

9

Years

INR

27,60,000

Details

Qualification

Master's Degree

Gender

Male

Updated On

October 12, 2023

Total Salary

27,60,000

Base Salary

23,00,000

Bonus

4,60,000

Equity

0

5

Years

INR

20,00,000

Details

Qualification

Master's Degree

Gender

Male

Updated On

October 11, 2023

Total Salary

20,00,000

Base Salary

19,00,000

Bonus

1,00,000

Equity

0

7

Years

INR

40,00,000

Details

Qualification

Bachelor's degree

Gender

Male

Updated On

October 11, 2023

Total Salary

40,00,000

Base Salary

40,00,000

Bonus

0

Equity

10,00,000

Avenue E-commerce

8

Years

INR

31,00,000

Details

Qualification

Bachelor's degree

Gender

Male

Updated On

October 11, 2023

Total Salary

31,00,000

Base Salary

27,00,000

Bonus

4,00,000

Equity

0

Xfinite Technologies Pvt Ltd

3

Years

INR

5,00,000

Details

Qualification

Master's Degree

Gender

Male

Updated On

October 11, 2023

Total Salary

5,00,000

Base Salary

5,00,000

Bonus

0

Equity

0

Jio Platforms Limited

8

Years

INR

34,50,000

Details

Qualification

Master's Degree

Gender

Male

Updated On

October 10, 2023

Total Salary

34,50,000

Base Salary

31,00,000

Bonus

1,50,000

Equity

0

9

Years

INR

36,00,000

Details

Qualification

Bachelor's degree

Gender

Male

Updated On

May 9, 2023

Total Salary

36,00,000

Base Salary

26,00,000

Bonus

0

Equity

10,00,000

AVP (or similar)

AVP (or similar)

15

Years

INR

55,00,000

Details

Qualification

Bachelor's degree

Gender

Male

Updated On

May 9, 2023

Total Salary

55,00,000

Base Salary

45,00,000

Bonus

10,00,000

Equity

0

Reliance Retail Ltd.

10

Years

INR

40,00,000

Details

Qualification

Master's Degree

Gender

Male

Updated On

May 9, 2023

Total Salary

40,00,000

Base Salary

40,00,000

Bonus

0

Equity

0

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Frequently asked questions

What is the average salary for a Product Manager in

Mumbai

?

The median product manager salary in Mumbai is ₹28.0L per year (total compensation), with most PMs earning between ₹15.0L and ₹36.0L. Based on 33 self-reported salaries.

How do Product Manager salaries vary across different

Mumbai

localities?

Senior PMs in Mumbai report higher packages than PMs; add yours to sharpen the senior-level median.

What factors influence a Product Manager's salary in

Mumbai

?

Yes. Every figure is total compensation — base plus bonus plus equity. In Mumbai the median base is ₹23.0L, 24% of PMs receive equity and 64% receive a bonus.

Can I contribute my Product Manager salary data from

Mumbai

?

Salaries in Mumbai span ₹5.0L to ₹68.0L across 33 companies, reflecting startups through large tech firms.

Where can I find detailed information on Product Manager salaries in

Mumbai

?

Every salary is self-reported by real product managers through JustAnotherPM and shown anonymously — no scraping, no estimates. Data collected between January 2023 and March 2024.