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

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Ahana Bhaduri

Content Writer | Updated 3+ months ago

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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 : 20 answered questions

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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 should be preference order of IMT Ghaziabad courses- PGDM, PGDM marketing, PGDM finance, PGDM DCP, PGDM banking, insurance and financial services?

● Top Answer By Dhruv Chatterjee on 25 Jan 23

Ans. IMT Ghaziabad offers a variety of courses that cater to various specializations. These courses have been listed and explained in their order of preference PGDM Marketing/PGDM Full Time (Marketing): This is the most coveted program among IMT students mainly because today its alumni have acquired top positions in big firms. Other major reasons include top-notch faculty, great internship and placement opportunities in terms of role and CTC, IMT’s eligibility, and excellent performances in recognized marketing and strategy B Schools competitions. PGDM Finance/PGDM Full Time (Finance): This one is most suitable for aspirants who are interested in Finance. However, this program offers lesser opportunities than the Marketing program in terms of role and CTC.  PGDM Full Time (Operations): This program offers opportunities similar to that of Finance. But the batch size of PGDM Operations is smaller than PGDM Finance, so it may be easier to secure an internship/final placement, but the opportunities come less compared to Finance. PGDM DCP: DCP or the Dual Country Program is for those who are keen to get international exposure. Compared to an MBA from a foreign university, this program is cheaper and yet offers an opportunity to explore a different culture and learn to make decisions in an international context. This is best suitable for those who are in the Marketing domain. PGDM Banking and Financial Services (PGDM-BFS): This program was launched in 2019 and is relatively newer. It targets the core Banking and Finance sector. While the MBA program aims to provide a holistic view of management, this program solely focuses on Banking and Finance. PGDM Full Time (HR): This is the least taken course and offers very less in terms of opportunities. The courses have been arranged preference-wise so will make it easy for you to choose one.Read more
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Ques. Which is the best among IMT G, SIOM, TAPMI, great LAKES, KJSOM and Fore school for operations MBA?

● Top Answer By Bidita Ghose on 16 May 23

Ans. Operations management MBA programs at these schools: IMT Ghaziabad: India's one of the oldest and most esteemed business schools. The institute's MBA in Operations Management covers production, planning, control, project management, and supply chain management. Symbiosis Institute of Operations Management, Nashik is a dedicated Operations Management institute. Supply chain management, logistics, distribution, and quality management are included in the institute's MBA in Operations Management. TAPMI Manipal, provides an MBA in Operations Management. Operations strategy, quality management, supply chain management, and operations research. Great Lakes Chennai offers an MBA in Operations Management. Supply chain, quality, and operations strategy. KJ Somaiya Mumbai provides an Operations Management MBA. Supply chain, logistics, and quality management. FORE School of Management provides an MBA in Operations Management. Operations strategy, quality management, supply chain management, and operations research are taught. Our ranking for these colleges would be IMT G SIOM FORE KJSOM TAPMI Reason for putting IMT-G on top stop. Alumni: 1980-founded. Over 9000 alumni—many CXOs and industry leaders. B-Schools benefit from STPs and insightful guest talks. Faculty: Top-notch nationwide. They guide you throughout the year, using case studies to teach marketing, HR, and other disciplines (P.S. Dr. S.R. Singhvi is the marketing god, and his classes are amazing!). New Director is also adding industrial expertise (Marketing, Finance, Operations, etc.) to the faculty. Your academic learning will always be outstanding. Students: The college accepts CAT/GMAT/XAT. The entrance exam cut-off wasn't announced until last year, but most students get 90/92%ile+. The profile, scores, and CT+GE+PI procedure determine the ultimate pick. Placements: Top HR, marketing, finance, and operations org. visit school for summer and final placements.  Institute excels in B-School competitions. Students have won several national and international contests, including Mahindra War Room, Deloitte Mavericks, RB Mavericks, HUL Carpe Diam, Reliance UltimatePitch, and Hult Prize. They have also won B-school competitions: IIM-Ahmedabad, IIM-Lucknow, MDI, IIM Raipur. Committees: The administration encourages student-led campus activities. They have committees for every activity, including IMTeamPRISM, MarkUp, RACE, ALCOM, SportsCom, CulCom, Finnacle, Finniche, Operations Committee, and 31 others.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. How good is PGDM with Oprations at IMT Ghaziabad or TAPMI?

● Top Answer By Shubham Arora on 27 Jan 23

Ans. My friends passed out from IMT Ghaziabad and said that your specialization does not really matter. What matters is the institute. She was in a dilemma about choosing IMT and TAPMI and later went for IMT Ghaziabad and is very proud of her decision. She thinks it has many advantages over TAPMI like IMT Ghaziabad has a better reputation and brand name than TAPMI Most recruiters consider IMT a top B School of the country and give it preference to TAPMI IMT does not instill unnecessary rigor and has a calm relaxed environment. It’s up to you to grab the necessary opportunities and climb the ladder The campus life is usually student driven so it helps in overall personality development The Operations faculty at IMT Ghaziabad is a notch above TAPMI All these points clearly show that IMT Ghaziabad is better than TAPMI.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. What are the placement prospects of doing an MBA in IM from SPJIMR?

● Top Answer By Aarzoo Shah on 02 Mar 23

Ans. The IM Major at SPJIMR, Mumbai provides a diverse range of career opportunities that are categorized into several different tracks. These include: General Management Roles - As the name implies, these roles are in the general management sector of companies and are open to all, regardless of specialization. Consulting Roles - Consulting roles are further divided into several sub-categories. Management consulting involves working with clients to solve their general business problems. Roles in Mergers and Acquisitions, Deal Value, and Technology Consulting, specifically in Technology Strategy, are available and open to all. There are also niche roles in procurement and supply chain consulting. Product Management Roles - Product management is one of the most in-demand roles for IM students. This field includes product management, technical product management, and program management, and is available in industries such as e-commerce, banking, and supply chain. Technical Sales/Pre-Sales - These roles combine sales and technical skills to sell technology products and/or services. Corporate IT Roles - Corporate IT roles are internal consulting roles within companies, especially in the FMCG sector, and focus on delivery management and project management. Project Management Roles - Some companies also offer roles in project management, making this a niche field.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. 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. Is Goa Institute of Management good for a PGDM in operations?

● Top Answer By Subhashree Meher on 02 Mar 23

Ans. One of my friends is majoring in HR but has opted for numerous positions in IT Operations. According to her, the course is very well designed and is industry relevant. Speaking specifically about Operations, the electives under it are directly related to the industry such as Business Analysis Big Data Analytics (now a specialization in itself at GIM) Project Management Supply Chain Management  The pedagogy comprises a case-based approach with special emphasis on recent trends in each specialization. The faculty is very experienced and has had enough exposure to the corporate world. On average, around 30-40 students specialize in Operation every year at GIM. The most common roles offered to students who are specialized in Operations are Business Analyst Consultant Project Manager  So Goa Institute of Management is a very good option for PGDM in Operations.Read more
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