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Project Manager Salary: Eligibility, Sector Wise Salary, Designation Wise Salary, Experience Wise Salary, Skills

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Ahana Bhaduri

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Project Managers are responsible for planning, organizing and implementing various projects, while keeping in mind some crucial factors such as budget and schedule. Project Managers are employed across various sectors, be it IT, Manufacturing, Designing, Banking and other industries. The average Project Manager Salary usually ranges from INR 3.90 LPA – 5.50 LPA. The starting salary of a Project Manager in India ranges between INR 2.75 LPA – 3.10 LPA, which with experience and expertise can go up to as much as INR 25.7 LPA.

In order to become a Project Manager, aspiring candidates can pursue various Certificate, Diploma, Undergraduate and Postgraduate Project Management Courses. They can also pursue various Management Courses from any of the top Management Colleges across the country. Admissions to these colleges are usually done on the basis of various Management Entrance Exams such as CAT, SNAP, XAT etc.

The sections below will discuss in detail the average salary received by a Project Manager across various sectors and other parameters.

What does a Project Manager do

There are a list of crucial duties that are performed by a Project Manager. Some of the key responsibilities of a Project Manager are listed below for your reference,

  • The first and foremost duty of a project Manager is to plan, organize, implement various ideas for various Projects and deliver them on time within the stipulated budget.
  • Project Managers are responsible for supporting their team members are having a fair and healthy approach with them that would eventually help in building trust as well as motivating the employees
  • Project Managers are incharge of ensuring that the clients needs are fulfilled and that they are satisfied with the result.
  • Project Managers are responsible for analyzing the difficulty of a project and assessing the risk of it. Following which they are expected to run down the major key notes of a project.
  • Finally, Project Managers are responsible for managing reports and making necessary documentation of them.

Eligibility to Become a Project Manager

In order to become a Project Manager, some of the key eligibility criteria that must be fulfilled are listed below for your reference,

  • Students aspiring to become Project Managers must complete their Undergraduate and Postgraduate degree in Management Courses or Business Courses.
  • They must have professional Certification degrees in Project Management along with relevant years of work experience
  • Some of the top Certification courses that can be pursued for becoming a Project Manager include, Project Management Professional, Certified Associate in Project Management etc.

Read More: PMP Certification Courses

Salary of a Project Manager

As already discussed above, the average salary of a Project Manager ranges from INR 3,90,000 - 5,00,000. This amount however witnesses gradual rise with experience and exposure. 

The sections below will discuss the average salary of a Project Manager across various parameters for your reference.

Sector Wise Salary

Sectors Average Annual Salary (INR)
Construction Project Manager 9.8 L
IT Project Manager 15.64 L
Technical Project Manager 18.73 L
Commercial Project Manager 14.06 L
Engineering Project Manager 21.84 L

Designation Wise Salary

Designations Average Annual Salary (INR)
Project Manager 25.4 L
Assistant Project Manager 15.97 L
Senior Project Manager 24 L
Director of Program Management 42.79 L
Project Coordinator 4.87 L
Project Scheduler 4.94 L
Team Leader 8.50 L

Experience Wise Salary

Experience Average Annual Salary (INR)
Fresher 4 L
Intermediate Level 12.01 L
Senior Level 24 L

Project Manager Salary Abroad

The average salary of a Project Manager across various countries are listed below for your reference, 

Name of the Countries Average Annual Salary (INR)
United States of America 1,05 Crore
United Kingdom 50.02 L
France 40.96 L
Germany 55.47 L
Australia 90.24 L
Japan 10 Crore

Skills Required to Become a Project Manager

Some of the key skills that are essential to become a Project Manager are tabulated below for your reference,

Critical Thinking Strong Leadership Skills Analytical Skills
Creative Mindset Problem Solving Skills Work Ethics
Self Motivation Skills Communication & Negotiation Skills Accountability
Monitoring & Controlling Budgets Time Management Skills Multitasking Skills

Project Manager Salary: FAQs

Ques. How much a project manager earns in India?

Ans. The lifetime salary of a Project Manager ranges from between INR 3.9 to 25.4 LPA

Ques. Do project managers get paid well?

Ans. Yes, the average starting salary of a Project Manager ranges from INR 4 - 6 LPA

Ques. Are project managers in demand in India?

Ans. According to the statistics by Project Management Institute, India will need 7,00,000 new project managers in the next 10 years

Ques. What degree is best for project managers?

Ans. One can pursue Undergraduate or Postgraduate Project Management Courses. There are also various Certifications and Diploma degrees available for becoming Project Managers.

Ques. Do project managers travel a lot?

Ans. No, Project Managers are not required to travel unless their client or project is based out of the city or location.

Ques. Is project management a good career?

Ans. Yes, Project Management is definitely a good career option considering the growth and high salary that it offers.

Post Graduate Diploma in Project Management : 25 answered questions

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Ques. How good is it to do PGDPM from NITIE for a fresher?

● Top Answer By Aditi Roy on 24 Mar 23

Ans. The course offered by the National Institute of Industrial Engineering (NITIE) is designed to cater to the needs of both freshers and experienced professionals. The course curriculum is carefully crafted to provide a comprehensive understanding of the industrial engineering domain to students from diverse backgrounds. Whether you are a fresher who has just completed your undergraduate degree or an experienced professional looking to enhance your skills, NITIE's course can offer you valuable learning opportunities. The institution's faculty members are experts in their respective fields, and they bring a wealth of industry experience and academic knowledge to the classroom. As a fresher who is currently pursuing the course at NITIE, I can attest to the fact that the course offers excellent exposure and learning opportunities. The coursework is challenging yet rewarding, and the hands-on training and practical sessions have helped me gain a deeper understanding of industrial engineering concepts. One of the key advantages of the course is its emphasis on practical learning. The institution offers several industry-focused programs and projects, which help students apply the theoretical concepts they learn in the classroom to real-world scenarios. This practical approach helps students develop their problem-solving skills and prepares them for the challenges they may face in their future careers. In addition, NITIE has a vibrant student community, with several clubs and societies catering to a range of interests. The institution also hosts several cultural and technical events throughout the year, providing students with ample opportunities to showcase their skills and talents. Overall, NITIE's course in industrial engineering is a well-rounded and comprehensive program that can offer valuable learning opportunities to both freshers and experienced professionals. The institution's focus on practical learning, industry exposure, and student life makes it an attractive choice for those looking to pursue a career in the industrial engineering domain.Read more
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Ques. Is it worth going for an MBA in operations management from K J Somaiya, I have a work ex of 39 months in operations in a consumer electronics company?

● Top Answer By Swapnil Choudhury on 23 Sept 22

Ans. KJ Somaiys MBA in Operations Management isn’t worth pursuing if you have more than 39 months of experience. The career opportunities offered won’t do justice to your experience. It’s better if you look for better B-Schools. NITIE Mumbai can be a good option for you. You will be able to job opportunities according to your experience. NITIE Mumbai placements are great. According to the recent placement drive, the average CTC offered was INR 35.84 LPA.Read more
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Ques. Which one should I choose: MBA at IIT Kharagpur (operations) or IMT Ghaziabad (finance)?

● Top Answer By Akriti Banerjee on 06 Oct 23

Ans. IIT Kharagpur for operations would be better than IMT Ghaziabad (finance). As IMT Ghaziabad is more famous for its marketing course than finance. IIT Kharagpur is known for its operations management program and has a strong reputation as an institution of the Indian Institutes of Technology (IITs). A few key aspects of IIT Kharagpur are as follows: In 2023 IIT Kharagpur secured 14th rank among all top management schools in India. This does reflect its academic excellence, infrastructural abilities, faculty strength, and placement records.  The faculties are adequately skilled and helpful while imparting quality education. The hostel's amenities include triple and double sharing, as well as all the essentials. The food is of high quality, and you will have four meals. The admissions procedure includes signing up for the hostel. Accommodation in a hostel is required for all students. IIT Kharagpur placements 2023 have been concluded. IT Kgp highest package stood at INR 43.37 LPA whereas VGSOM IIT Kharagpur's average package stood at INR 22.13 LPA. So based on these aspects IIT Kharagpur is a better option for pursuing an MBA in operation management.Read more
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Ques. In NITIE which program among PGDIE, PGDMM and PGDPM is best suitable for computer and IT related person?

● Top Answer By Sangita Roy on 26 Aug 21

Ans. Among the mentioned programs PGDMM and PGDPM are comparatively newer and provide some really good courses for students with computer and IT backgrounds. If you want to take the GATE exam and get into NITIE through PGDIE then in the 2nd year of your course you will get a wide range of electives available. Here are some of the electives.  Advanced IT for Industrial and Manufacturing Engineering Business Process Integration and Management Computer Integrated Manufacturing Data Analysis and Decision Making Data Analytics Data Communications and Networking Data Mining for Business Intelligence Decision Support Systems and Expert Systems E commerce E customer Relationship Management ERP, etc.  Most of the courses here are Computer sector-related and related to the programming and software side whereas some of them are related to the IT sector and mainly deal with the hardware side.  But make a note that IE is not an M.Tech course. It is a management course. So, you will get placed in management roles post your degree. Read more
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Ques. Is it worthy to take admission for PGDPM at NITIE, Mumbai? What are the placement opportunities for it?

● Top Answer By Juhi Gill on 18 Aug 21

Ans. PGDPM program is for those students who want to make their career either in the business or technical field or in a new field of expertise and move into project management. This course is suitable for both students with or without work experience.  This course provides the necessary skills that blend with other management skills.  Its focus is to provide professional techniques to the students for executing projects and programs.  This course also provides the students with methodologies and systematic approaches, required for solving industry-related problems.  The placement opportunities available for this course are excellent as a lot of companies visit the campus for interviews.  Categories PGDPM at NITIE Mumbai Course Fee 12.53 lakhs Highest CTC 29 LPA Average CTC 16 LPA Recruiting Companies Deloitte, ICICI Bank, Aditya Birla, P&G, etc. The PGDPM graduates get many career opportunities from industries like Manufacturing, Oil & Gas, Construction, Utilities, Finance & Insurance, Information Services, and Business Services. Hence, PGDPM is a very good course to pursue, and the placement opportunities available in this field are really good. Read more
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Ques. What's better, project management at NITIE or VJTI?

● Top Answer By Ved Mehta on 16 Aug 21

Ans. Having to know some people from both these institutions, I can say that both of these colleges are specialized in two different fields. Let me share some facts about both these colleges I gathered by interacting with them. VJTI is one of the prominent engineering colleges and NITIE is prominent among the top B-schools of India.  NITIE is recognized for its extensive alumni and professional professors who are experts in their fields.  Project Management at NITIE, in terms of studies, is the best among the B-schools in the country. From Project Management at VJTI, 18% of the students are placed in prominent companies. NITIE is known for its high management extension. The placement and faculty of VJTI are not up to the mark when compared to NITIE. Categories Project Management at NITIE Project Management at VJTI Course Fee 12.53 lakh 1.65 lakh Highest CTC 22 LPA - Average CTC 14 LPA 5.5-6 LPA Recruiting Companies Deloitte, Dabur, KPMG, Marico, etc. Bank of America, Barclays, Capgemini, Crisil, etc. Hence, there is no comparison between VJTI and NITIE. But one of my friends has recommended NITIE as in many aspects it manages to be better than VJTI. Read more
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Ques. What is advisable, to join the PGDMM/PGDPM at NITIE or get a job?

● Top Answer By Krishna Mehar on 20 Aug 21

Ans. It's a subjective question and mostly depends on your profile. PGDMM would be advantageous, if you are a fresher, especially with a mechanical or manufacturing background. It is better in terms of securing a good profile, a good package (Avg. 12 LPA), and robust manufacturing domain command. A few years of work experience would be preferable for the PGDPM course, but it is not required. It's a safe option to play for both freshmen and those with a little experience because it improves your profile, package, and adds the rich experience of a top MBA school - NITIE.Read more
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Ques. Is studying operations management at SIOM worth it? Is it somewhere at par with NITIE?

● Top Answer By Vikas Shetty on 20 Aug 21

Ans. NITIE is famous for its excellence in the field of Operations Management. But SIOM would be a good option to pursue this course. The college has earned awards and recognition with a USP syllabus.  The faculty members have a broad mind in terms of studies and cooperation. They help the students in their fields of interest.  SIOM has a strong alumni network. They have ties with the industries around Nashik which helps the students to have good industrial visits. The placement opportunities are good and are getting better every year. There are big brands and companies that visit the campus. Categories SIOM Course Fee 12.20 lakhs Placement Percentage 90% Highest CTC 35 LPA Average CTC 12-15 LPA Recruiting Companies Nestle, KPMG, Bosch, Deloitte, etc. Therefore, SIOM is a better option to study Operations Management than NITIE. SIOM provides you ample opportunities and will also help you in your career.Read more
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Ques. Which programme is better in terms of placement amongst PGDPM and PGDMM at NITIE, Mumbai?

● Top Answer By Nitin Kumar on 16 Aug 21

Ans. These courses were first inaugurated in the year 2014, and ever since then, students undeniably acquired satisfactory placement offers.  The seats in NITIE Mumbai depend upon which category you belong to. The current seat availability is about 304, considering each course. This is one reason why both the courses are equally good to pursue.  Both PGDPM and PGDMM offer better results in terms of placements. Talking about the scope, it is almost the same for both the courses. The opportunity either course will bring is similar and has less to no difference at all.  Both the subjects will allow students to sit for summer internships, as will be brought in by different firms.  Also it will permit all of them to sit for the final placements likewise. The average salary offered for PGDPM is 12-15 LPA while for PGDMM, it is 11-12 LPA The only separate piece of information this has is that in PGDPM, students are preferred by recruiters if they come with a minimum work experience of about 2 to 3 years. Read more
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Ques. Is Vels University Chennai good for studying logistics and supply chain management?

● Top Answer By Rahul Singhal on 14 Sept 21

Ans. Vels University aspires to be the epitome of excellence in higher education by effectively providing high-quality education and rigorous training to its students, with ample opportunities for all-round personality development and the promotion of positive change and social justice for the betterment of society. It has a good placement record. According to the recent placement highlights the average and highest CTC offered at the institute is 5.50 LPA and 8 LPA.  Vels University is a great place to learn about logistics and supply chain management.Read more
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