The average salary for an Entry-Level Product Development Manager is Rs 487,078 per year.

Rs 203,572 - Rs 1,199,109
Rs 200K
Rs 520K
Rs 1M
MEDIAN: Rs 521,499
10%
50%
90%
Rs 0Rs 1M
Salary Rs 203,572 - Rs 1,199,109
Bonus Rs 7,047 - Rs 242,395
Profit Sharing Rs 22,500
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
Rs 236,698 - Rs 1,236,820
  • Country: India
  • Currency: INR
  • Updated: 17 Jan 2018
  • Individuals Reporting: 108

Job Description for Product Development Manager

Product development managers are in charge of the analysis and application of products to the general consumer market. Product development managers typically are host to an assortment of creative work-flows, thought processes and application systems. They are also expected to be capable of market analysis at high levels and to demonstrate mastery of critical thought processes. Product development managers must identify the need for a product on the current or near future market and also identify an outline in which the product can be created and delivered to the general populace; however, the specifics of these systems is not their concern. Product development managers are expected to be very flexible in their availability and willing to devote long hours of deliberation toward meeting the needs presented by consumers with the products in development. Product development managers are also expected to have adequate interpersonal skills as they will be working with other employees in virtually all situations. They are expected to have an understanding of current and past marketing trends as well as the economic insight to reasonably predict new ones. Product managers are also expected to have a very intimate understanding of promotional processes and advertising as well as their effect on the general public. Product managers are expected to also understand public relations and their relationship to forthcoming products as well as the current areas of interest in the rising market (e.g. environmentally friendly products). Product managers must have proficiency in Microsoft Office and understanding of information facilitation via these channels. (Copyright 2018 PayScale.com)


Product Development Manager Tasks

  • Collaborate with sales and marketing to develop new business.
  • Assist in scale up to commercialization.
  • Manage the product development project pipeline and assignment and prioritization of resources.

Product Development Manager Job Listings

Pay Difference by Location

National Average: Rs 594,100

Larger city markers indicate a job is popular in that location.

Product Development Manager Advice

Q: What do you wish you knew about your job when you first started out?

Product Development Manager in New Delhi:
"Stress level."
The level of stress in this job is very high. It is a newly formed organization under immense pressure to sustain itself and to prove its worth. Networking with industry, training providers and the government are the top requirements of this job. Besides, you also need to be insightful to better coordinate with these stakeholders and to better present the work of the organization. Strong business communication and presentation skills are the bare minimum to perform this job.

Product Development Manager in Chennai:
"Hard work and dedication."
Make it simple.

Product Development Manager in Mumbai:
"Telecom."
Understand concept and improve existing environment.

Key Stats for Product Development Manager

Gender

Female
16 %
Male
84 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 3 votes.
Less than 1 year
10%
1-4 years
69%
5-9 years
21%

Skills That Affect Product Development Manager Salaries

National Average
Rs 594,000

Project Management
▼2%

Product Development
▼4%

Microsoft Office
▼5%

Microsoft Word
▼17%

Microsoft Excel
▼19%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 3 votes.

Gender

Female
16 %
Male
84 %

Common Health Benefits

medical benefits
Medical: 61%
dental benefits
Dental: 11%
vision benefits
Vision: 10%
no benefits
None: 39%