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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.
Table of Content
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.
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