MBA in Product Management Salary, Jobs, Scope in India 2024

Kripal Thapa

MBA in Product Management jobs are available for graduates in a wider and more diverse variety of roles. Graduates will have job opportunities in both the private and public sectors. The career options are very wide and varied, due to the flexibility of the coursework that the students obtain. Some of the MBA in Product Management job lists include Production Manager, Senior Technical Manager, Floor Shop Manager, Purchase Manager, Business Process Manager, Logistics Manager, Inventory Manager, etc.

Career Prospects and Job Scope for an MBA in Product Management Graduate

Jobs for MBA in Product Management graduates are available to students at ease. A student can easily map their Master of Business Administration in Product Management course as per their future aspirations. Production Manager jobs are the primary areas of employment for graduates of the MBA in Product Management course. The MBA in Product Management scope of work for a graduate is comprehensive and varies over a large number of working areas and sectors. Listed below are some of the popular jobs after an MBA in Product Management that is undertaken by graduates:

Production Manager
Senior Technical Manager
Floor Shop Manager
Purchase Manager
Business Process Manager
Logistics Manager
Inventory Manager, etc.

Areas of Recruitment for MBA in Product Management

There is a large scope of MBA in Product Management jobs for graduates in both the private and public sectors. After MBA in Product Management graduation students pursuing a MBA in Product Management course are not limited to their specific areas resulting in a vast job. With many specialisations, the MBA in Product Management course is an all-around course.

Concerning the previous academic background the personal choice and the ability of the student towards a particular program, there exists an appropriate plan for almost every candidate opting for the MBA in Product Management course. Some of the areas of recruitment are:

Manufacturing Area
like Automobiles
Engineering Goods
Heavy Machinery Industry
Iron-steel & Metal Industry
Telecom
Chemical and Fertilizer
IT and Energy Sectors, etc.

MBA Product Management Salary

MBA Product Management salary for the graduates can differ according to the specialisation that the aspirants decide to pursue. Other factors which can affect MBA Product Management salary in India include experience, location, and specialisation. Graduates can increase their salary by doing internships and work placements as it would add to their experiences.

MBA Product Management Salary in India

The average MBA Product Management salary for graduates is around INR 5 - 15 LPA [Source: PayScale]. The table below shows the salary breakdown of MBA in Product Management graduates in India:

MBA Product Management Salary	Amount (INR)
Highest Salary	15 LPA
Lowest Salary	5 LPA
Average Salary	10 LPA

Source: Glassdoor

The table below contains the list of MBA in Product Management job profiles and their average salaries per annum:

Designation	Salary (INR)
Production Manager	8 LPA
Senior Technical Manager	12 LPA
Floor Shop Manager	5 LPA
Purchase Manager	7 LPA
Business Process Manager	8 LPA
Logistics Manager	4 LPA

Source: Payscale

MBA Product Management Salary Abroad

MBA in Product Management is one of the most popular courses in the world, making it an attractive prospect for Indian students to pursue abroad. Students will have access to the best infrastructure, amenities, academic curriculums, and faculties while pursuing an MBA in Product Management abroad.

Furthermore, they will have the opportunity to work and earn attractive salaries upon completing the course. The average salary of an MBA in Product Management graduate abroad is USD 6200 PA (Source: PayScale). The table below contains the list of job profiles abroad and the appropriate per annum salaries:

Job Profile	Salary PA (USD)
Production Manager	6869
Senior Technical Manager	9168
Floor Shop Manager	5518
Purchase Manager	6785
Business Process Manager	7889

Career Scope of MBA in Product Management

MBA in Product Management is one of the most diverse courses in terms of, not just employment opportunities across various domains, but also the scope of higher education for graduates.

Depending on the MBA in Product Management specialisation opted for by the student, they will be able to find relevant jobs in their domain or find the appropriate course for further education. The scope of an MBA in Product Management is quite vast whether a graduate chooses to work or study further.

Courses after MBA in Product Management

MBA in Product Management graduates can opt for higher studies once they complete their undergraduate studies. There are plenty of options for MBA in Product Management graduates to choose from depending on their MBA in Product Management specialisation. The list below contains the names of courses that MBA in Product Management graduates can pursue after completing the course:

PhD
M.Phil

Career Options after MBA in Product Management

There are a number of employment domains that MBA in Product Management graduates can join immediately after graduation. MBA in Product Management is one of the most diverse courses in terms of employment opportunities for graduates. The list of career opportunities available to MBA in Product Management graduates is as follows:

Production Manager: Their main responsibility is to plan and organize the manufacturing unit’s production schedules and estimate, negotiate and approve the budget and other costs related to production and discuss the estimated timescales with clients and managers.
Senior Technical Manager: Their responsibility is to schedule and execute different development plans for various projects. Besides these, they have to manage multiple technical teams within budget and project schedule.
Floor Shop Manager: They are basically involved with a storefront or on ground level. They have to deal with customer queries and complaints, meet with customers and even have to work with fellow employees.
Purchase Manager: Their main responsibility is to design, plan and implement different purchasing strategies. They are looking for reliable vendors and suppliers to provide quality goods at reasonable prices, making negotiation with prices and contracts, review technical specifications of different raw materials, etc.
Business Process Manager: Their main responsibility is to evaluate, design, execute, measure, monitor and control different business procedures. Not only that, they have to ensure that the actual outcome of the business process can maintain an organization’s strategic goals.

Government Jobs for MBA in Product Management Graduates

Master of Business Administration in Product Management jobs salary varies with the experience and job position. This valuation depends on the specialisation option of the aspirant, his or her sector of employment, job profile, diligence, and dedication at the workplace as well as the seniority and experience of the aspirant.

MBA in Product Management jobs are available for graduates in the government sector as well. The job opportunities for MBA in Product Management students are available in a large number of job roles owing to the diversity of the education. The average MBA in Product Management jobs salary for graduates is around INR 5 - 15 LPA (Source: PayScale). The job designations include:

Top Government Hiring Roles	Salary (INR)
Production Manager	8 LPA
Senior Technical Manager	12 LPA
Floor Shop Manager	5 LPA

Source: Payscale

Private Jobs for MBA in Product Management Graduates

Students who don’t wish to pursue a government job can build a career after MBA in Product Management in the private sector. The job opportunities for MBA in Product Management students in the private sector are endless. The average MBA in Product Management jobs salary for graduates is around INR 5 - 15 LPA (Source: PayScale). The job designations include:

Top Private Hiring Roles	Salary (INR)
Purchase Manager	7 LPA
Business Process Manager	8 LPA
Logistics Manager	4 LPA

Source: Payscale

Job Opportunities Abroad for MBA in Product Management Graduates

There are plenty of opportunities for graduates after an MBA in Product Management, in the international job market. The education and information they gain are so specialised that the graduates' demand is higher than the supply. The course is designed such that every student, irrespective of their specialisation, is employable in a foreign country.