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What is the average salary for a Project Manager in India?

Do you want to work as a project manager but don’t know where to begin?

Let’s begin by knowing what project management really is?

Project management is the process of planning, coordinating, and overseeing a project’s completion. A project is a one-time operation that results in a certain output or outcome, such as a new building or computer system.

Defining and confirming the project goals and objectives, how they will be achieved, identifying activities and quantifying the resources required, and deciding budgets and completion timeframes are all part of project management. It also entails overseeing the project’s implementation, as well as maintaining regular ‘controls’ to guarantee that accurate and objective information on ‘performance’ in relation to the plan is available, as well as the tools to take corrective action when necessary.

What are project managers and what do they do?

  • The project manager is in charge of the day-to-day operations of the project and must be able to manage all six project aspects: scope, schedule, finances, risk, quality, and resources.
  • Determining what work needs to be done when it needs to be done, and who will be responsible for it are all common duties.
  • assessing and managing the risks associated with a certain project.
  • ensuring that the work is completed to the highest possible standard.
  • energising the project’s team of participants.
  • coordinating the efforts of various individuals.
  • ensuring that the project is completed on schedule and within budget.
  • coping with project adjustments as and when they arise.
  • ensuring that the project produces the desired results and advantages.

What are the opportunities for project managers in India?

According to a report by the Project Management Institute (PMI), India would require over 7,000,000 more project managers over the next ten years to meet the country’s rising industry needs. Project managers are needed in industries such as building and manufacturing, information technology, banking and insurance.

Project managers have several job titles such as project manager, delivery manager, scrum manager, agile coach, and product manager. The names may vary by country or region, but the most important thing is that you understand the requirements, duties, and impact of your role so you can make informed decisions.

How much does a project manager earn in India?

It’s important to note that project management roles aren’t without their drawbacks. The truth is that it’s a tough job, and you’ll need to be the right person to deal with all of the issues you’ll face. It should be mentioned, however, that a project manager in India earns significantly more than in other countries.

According to several sources and surveys, the project manager’s salary in India is 14,25,000 INR per year, according to Glassdoor.com.

According to Indeed.com, a project manager in India earns INR 32,577 per month.

The annual compensation of a project manager in India can range from 4,80,000 INR to 25,60,000 INR, with an estimated average income of 14,00,000 INR. – Ambitionbox.com.

According to Indeed, the best cities in India to work as a project manager are:

  • Bangalore – 55,058 INR per month
  • Mumbai – 52,945 INR per month
  • Noida – 38,616 INR per month
  • Hyderabad – 38,540 INR per month
  • Delhi – 33,143 INR per month

Indeed.com had also listed the top skills taken into consideration while hiring project managers in India:

  • Project Management
  • Agile
  • PMP
  • Project Planning
  • Management

Conclusion

Project management jobs can be found in a variety of industries. But which is the best for you? It takes more than just hands-on experience, technical expertise, or a project management qualification to become a good project manager. It’s about the chance to broaden your knowledge and forge strong bonds with your stakeholders. You may make your own modest contribution to crafting a better future for humanity by pursuing a career in project management, which is more vital now than ever before.

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