Product Development/Innovation Manager Salary in India
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How much does a Product Development/Innovation Manager make in India? The average Product Development/Innovation Manager salary in India is ₹2,062,850 as of March 18, 2021, but the range typically falls between ₹1,243,693 and ₹2,998,147. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more global market data that allows you to price your jobs around the world and compare job salaries across countries and cities on real-time compensation data, Salary.com helps you to determine your exact pay target.
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What does a Product Development/Innovation Manager do?
Product Development/Innovation Manager
Natal, BR
By helping move an organization from “innovation as a goal” to “innovation is underway,” it can facilitate a shift in culture to one of sustainable, ongoing innovation.
12/29/2020
Product Development/Innovation Manager
Adelaide, AU
Yet this product development and innovation story poses key questions centered around a cost-benefit analysis of innovation.
02/13/2021
Product Development/Innovation Manager
Las Palmas, ES
In a more ideal world, the leader of every product development team would be amazing; they would simultaneously understand the marketing, product strategy, and a huge amount of the technology as well.
02/07/2021
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About India
India (Hindi: Bhārat), officially the Republic of India (Hindi: Bhārat Gaṇarājya), is a country in South Asia. It is the second-most populous country, the seventh-largest country by land area, and the most populous democracy in the world. Bounded by the Indian Ocean on the south, the Arabian Sea on the southwest, and the Bay of Bengal on the southeast, it shares land borders with Pakistan to the west;[f] China, Nepal, and Bhutan to the north; and Bangladesh and Myanmar to the east. In the Indian Ocean, India is in the vicinity of Sri Lanka and the Maldives; its Andaman and Nicobar Islands shar...
Source: Wikipedia (as of 03/30/2021). Read more from Wikipedia
Product Development/Innovation Manager Pay Difference by Cities
| City, Country | Compared to national average |
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| City, Country Mumbai, IN |
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| City, Country Jaipur, IN |
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| City, Country Kanpur, IN |
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| City, Country Lucknow, IN |
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| City, Country Nagpur, IN |
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| City, Country Indore, IN |
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Employees with Product Development/Innovation Manager in their job title in Mumbai, IN earn an average of 8.4% more than the national average. The lower salaries can be found in Nagpur, IN (16.3% less), Indore, IN (14.5% less), Lucknow, IN (12.4% less), Jaipur, IN (9.2% less), Kanpur, IN (6.6% less).
Similar Jobs to Product Development/Innovation Manager in India
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| Job Title | Salary Range in INR |
|---|---|
| Job Title Manager of Technical Product Management |
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| Job Title Manager Product Research and Development |
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| Job Title New Product/Brand Manager |
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| Job Title Product Development Manager |
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| Job Title Product Lifecycle Manager |
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Understand the base salary paid range for a Product Development/Innovation Manager in India
Average Base Salary
Core compensation
1243693
2998147
The chart shows the base salary for Product Development/Innovation Manager ranges from ₹1,243,693 to ₹2,998,147 with the average base salary of ₹2,062,850. The basic salary is the employee minimum income you can expect to earn in exchange for your time or services. This is the amount earned before adding benefits, bonuses, or compensation. The base salary of the Product Development/Innovation Manager may get paid difference by industry, location, and factors.
Product Development/Innovation Manager Frequently Asked Questions in India
What is the salary range for a Product Development/Innovation Manager in India? What is the average hourly rate?
The average salary for a Product Development/Innovation Manager in India is ₹2,062,850 per year. The salary range for a Product Development/Innovation Manager is between ₹1,243,693 and ₹2,998,147. While we are seeing hourly wages as high as ₹1,441 and as low as ₹598, the majority of Product Development/Innovation Managers are currently paid an average of ₹992 in India. The average salary pay range for a Product Development/Innovation Manager can vary depending on specific skills, level of skill, location, education, and years of experience. The company size, industry, and location, and numbers of available job candidates may also affect salary offers. Salaries for a Product Development/Innovation Manager in India can differ based on any or all of these varying factors.
March 18, 2021
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Why should you negotiate salary for a Product Development/Innovation Manager role? What are effective negotiation strategies?
Most hiring managers in India expect job candidates to negotiate salary. By doing this you will demonstrate that you are confident in your abilities and comfortable taking initiative which are traits that are beneficial for almost any role. You should try to negotiate the highest starting salary of the Product Development/Innovation Manager position that you can in India. This starting salary of the Product Development/Innovation Manager position will become the basis for all future increases while you are employed at the firm. A lower starting salary will result in smaller raises, even if the % increase is large, so try to maximize that starting base salary amount.
Once you have received an offer of the Product Development/Innovation Manager position in India, ask for a little time to consider it. Research salary levels for the position so you will know what range of salary is applicable for your job and location. Emphasize any special skills, experience, certifications, or credentials that you have. Point out past accomplishments that will be useful in the role. Suggest a salary that is slightly higher than your target, this will give you room to negotiate a lower amount but still meet your needs.
March 18, 2021
salary.com
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How do you evaluate the advantages, opportunities, and salary for a Product Development/Innovation Manager role located in large metropolitan city or in a small town?
Start your evaluation by defining the most important aspects of the job and the overall lifestyle you can expect based on the location. The higher salary range of a Product Development/Innovation Manager in the India can be one of the reasons you are attracted to a position in a large city, but keep in mind that differences in the cost of living usually result in higher living expenses and less disposable income. a Product Development/Innovation Manager job in a large city of the India may offer a more varied experience, and greater opportunities for career progression, but may require long commutes or extended work hours. A large city in the India also provides more opportunities for entertainment and other activities. On the other hand, a non-metro location may offer lower salaries and fewer opportunities but have more affordable living expenses, shorter commute times, and other advantages. Consider these factors before you decide which Product Development/Innovation Manager job is right for you.
March 18, 2021
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Last Update: March 18, 2021