Average Account Manager Salary in India for 2024

In this article, we will look at the average Account Manager salary for 2024 in India and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Indian rupee. To keep things simple, we are using the INR currency code instead of the currency symbol ₹.

How Much Does an Account Manager Make in India?

An Account Manager working in India will typically earn around 414,000 INR per year, and this can range from the lowest average salary of about 221,500 INR to the highest average salary of 628,000 INR.

Average Annual Salary
414,000 INR
Average Monthly Salary
34,500 INR
Lowest Annual Salary
221,500 INR
Lowest Monthly Salary
18,458 INR
Highest Annual Salary
628,000 INR
Highest Monthly Salary
52,333 INR

These are average salaries for an Account Manager in India and include benefits such as housing and transport. It's also possible for an Account Manager to earn more or less than the average salaries shown above.

Account Manager salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Account Manager Salaries in India

So we've looked at the average salaries an Account Manager will earn in India. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Account Manager can earn between 221,500 INR and 628,000 INR on average in India. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for an Account Manager in India is 389,200 INR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 389,200 INR, and 50% of the population earn more than 389,200 INR.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Account Manager salary in India, 25% of the population are earning less than 275,200 INR while 75% of the population earn more than 275,200 INR.

75% of the population earn less than 476,600 INR, and 25% of the population earn more than 476,600 INR.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Account Manager Salary by Experience Level in India

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average account manager salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. An Account Manager in India that has less than two years of experience can expect to earn somewhere in the region of 253,400 INR.
  • 2 - 5 Years Experience. With two to five years of experience the average Account Manager salary would increase to 308,300 INR.
  • 5 - 10 Years Experience. From five to ten years of experience as an Account Manager, the average salary would be 436,200 INR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 510,200 INR.
  • 15 - 20 Years Experience. An Account Manager with 15 to 20 years of experience can earn an average of 563,000 INR.
  • 20+ Years Experience. For an Account Manager with more than 20 years, the expected average salary increases to 596,100 INR.

Average Salary by Experience Chart

0-2 Years
253,400 INR
2-5 Years +23%
308,300 INR
5-10 Years +42%
436,200 INR
10-15 Years +17%
510,200 INR
15-20 Years +10%
563,000 INR
20+ Years +6%
596,100 INR

Account Manager Salary by Education Level in India

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for an Account Manager in India based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. An Account Manager in India with a high school education can earn an average salary of 305,600 INR.

  • Certificate or Diploma. An Account Manager in India with a certificate or diploma education can earn an average salary of 344,600 INR.

  • Bachelor's Degree. An Account Manager in India with a bachelor's degree education can earn an average salary of 453,200 INR.

  • Master's Degree. An Account Manager in India with a master's degree education can earn an average salary of 596,100 INR.

Average Salary by Education Chart

High School
305,600 INR
Certificate or Diploma +13%
344,600 INR
Bachelor's Degree +31%
453,200 INR
Master's Degree +32%
596,100 INR

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in India is around 160,000 to 479,000 INR and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Account Manager Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In India, a male account manager will earn an average of 433,400 INR, while a female account manager will earn around 378,800 INR.

This means that a male account manager earns approximately 14% more than a female account manager for performing the same job.

Average Salary by Gender Chart in India

Male
433,400 INR
Female -14%
378,800 INR

Account Manager Average Pay Raise in India

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for an Account Manager in India is around 13% every 15 months.

The national average pay raise across all professions and industries in India is around 9% every 16 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 13 ÷ 15 ) × 12  = 10%

What this means is that an Account Manager in India can expect to receive an average pay raise of around 10% every 12 months.

Annual Pay Raise by Industry in India for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in India.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Account Manager Bonus and Incentive Rates in India

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

An Account Manager is a moderate bonus based job, with 52% of employees reporting at least one bonus in the last 12 months.

48% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 5%.

Received Bonus
52%
No Bonus
48%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in India earn approximately 6% more than private sector employees in the same role.

Public Sector
392,300 INR
Private Sector -6%
371,100 INR

Salaries for Jobs Similar to an Account Manager

In the table below, we have salary information for jobs that are similar to an Account Manager in India.

Job Title Category Salary
Account Coordinator Executive and Management 357,300 INR
Account Director Executive and Management 428,400 INR
Account Executive Executive and Management 437,300 INR
Administration Manager Executive and Management 428,400 INR
Administration Officer Executive and Management 227,600 INR
Administration Supervisor Executive and Management 357,300 INR
Administrative Clerk Executive and Management 172,200 INR
Administrative Officer Executive and Management 172,200 INR
Area Director Executive and Management 397,900 INR
Area Manager Executive and Management 397,900 INR
Asset Protection Associate Executive and Management 464,900 INR
Assistant Director Executive and Management 437,300 INR
Assistant General Manager Executive and Management 464,900 INR
Assistant Manager Executive and Management 471,700 INR
Assistant Managing Director Executive and Management 520,900 INR
Assistant Operations Manager Executive and Management 498,000 INR
Assistant Project Manager Executive and Management 447,300 INR
Assistant Section Head Executive and Management 369,300 INR
Assistant to CEO Executive and Management 414,000 INR
Assistant Vice President Executive and Management 475,700 INR
Associate Account Director Executive and Management 450,300 INR
Associate Director Executive and Management 450,300 INR
Bid Manager Executive and Management 510,000 INR
Branch Manager Executive and Management 489,500 INR
Business Development Manager Executive and Management 545,300 INR
Business Operations Associate Executive and Management 447,300 INR
Business Operations Lead Executive and Management 460,500 INR
Campaign Manager Executive and Management 492,700 INR
Catering Coordinator Executive and Management 275,200 INR
Catering Manager Executive and Management 440,200 INR
CEO Executive and Management 854,300 INR
Chairman of The Board Executive and Management 830,500 INR
Chairman Office Manager Executive and Management 545,300 INR
Chief Commercial Officer Executive and Management 618,800 INR
Chief Corporate Officer Executive and Management 689,900 INR
Chief Executive Officer Executive and Management 854,300 INR
Chief Financial Officer Executive and Management 788,000 INR
Chief Investment Officer Executive and Management 633,100 INR
Chief of Staff Executive and Management 397,900 INR
Chief Operating Officer Executive and Management 641,900 INR
Chief Risk Officer Executive and Management 551,200 INR
Client Account Manager Executive and Management 514,300 INR
Client Accounts Officer Executive and Management 430,500 INR
Client Services Manager Executive and Management 551,200 INR
Commercial Director Executive and Management 581,300 INR
Commercial Manager Executive and Management 525,700 INR
Commercial Project Manager Executive and Management 464,900 INR
Commodity Broker Executive and Management 357,300 INR
COO Executive and Management 641,900 INR
Corporate Affairs Executive Executive and Management 510,000 INR
Corporate Compliance Director Executive and Management 555,800 INR
Corporate Director Executive and Management 583,000 INR
Corporate Officer Executive and Management 397,900 INR
Corporate Partnerships Officer Executive and Management 414,000 INR
Country Manager Executive and Management 664,500 INR
Department Head Executive and Management 520,900 INR
Department Manager Executive and Management 520,900 INR
Department Supervisor Executive and Management 450,300 INR
Deputy Director Executive and Management 603,400 INR
Deputy Manager Executive and Management 607,400 INR
Director Executive and Management 664,500 INR
Director of Accreditation Executive and Management 563,300 INR
Director of Catering Services Executive and Management 510,000 INR
Director of Client Services Executive and Management 545,300 INR
Director of Facilities Management Executive and Management 464,900 INR
Director of Operations Executive and Management 563,300 INR
Director of Process Simplification Executive and Management 447,300 INR
Director of Product Management Executive and Management 563,300 INR
Director of Project Management Executive and Management 592,600 INR
Director of Revenue Management Executive and Management 520,900 INR
Director of Training and Development Executive and Management 545,300 INR
Distribution Manager Executive and Management 583,000 INR
Division Manager Executive and Management 498,000 INR
Duty Manager Executive and Management 489,500 INR
Engagement Manager Executive and Management 597,800 INR
Executive Director Executive and Management 840,100 INR
Executive Manager Executive and Management 695,200 INR
Franchise Manager Executive and Management 722,100 INR
General Manager Executive and Management 664,500 INR
Global Master Data Manager Executive and Management 592,600 INR
Global Technical Lead Executive and Management 394,300 INR
Head of Investment Executive and Management 568,500 INR
Head of Middle Office Executive and Management 537,300 INR
Head of Projects Executive and Management 568,500 INR
Head of Strategy Executive and Management 641,900 INR
Head of Supply Chain Executive and Management 520,900 INR
Head of Sustainability Executive and Management 480,600 INR
Housing Manager Executive and Management 454,900 INR
HSE Manager Executive and Management 471,700 INR
Key Account Manager Executive and Management 475,700 INR
Knowledge Manager Executive and Management 545,300 INR
Location Manager Executive and Management 533,100 INR
Logistics Executive Executive and Management 440,200 INR
Logistics Manager Executive and Management 440,200 INR
Management Consultant Executive and Management 450,300 INR
Management Executive Executive and Management 615,000 INR
Manager Executive and Management 568,500 INR
Managing Director Executive and Management 684,900 INR
MIS Executive Executive and Management 568,500 INR
Ocean Services Manager Executive and Management 592,600 INR
Operational Manager Executive and Management 597,800 INR
Operations Analyst Executive and Management 498,000 INR
Operations Assistant Executive and Management 414,000 INR
Operations Director Executive and Management 637,500 INR
Operations Executive Executive and Management 618,800 INR
Operations Manager Executive and Management 637,500 INR
Operations Supervisor Executive and Management 525,700 INR
Planning Director Executive and Management 603,400 INR
PMO Manager Executive and Management 533,100 INR
Policy Administration Executive Executive and Management 485,300 INR
Private Sector Executive Executive and Management 504,400 INR
Product Development Manager Executive and Management 568,500 INR
Product Executive Executive and Management 498,000 INR
Production Executive Executive and Management 575,100 INR
Production Manager Executive and Management 575,100 INR
Production Supervisor Executive and Management 485,300 INR
Program Director Executive and Management 592,600 INR
Program Manager Executive and Management 592,600 INR
Programme Coordinator Executive and Management 407,300 INR
Project Control Manager Executive and Management 592,600 INR
Project Coordinator Executive and Management 351,900 INR
Project Management Officer Executive and Management 403,100 INR
Project Manager Executive and Management 428,400 INR
Project Portfolio Manager Executive and Management 454,900 INR
Quality Manager Executive and Management 460,500 INR
R/D Director Executive and Management 510,000 INR
Regional Director Executive and Management 782,500 INR
Regional Manager Executive and Management 589,400 INR
Relationship Manager Executive and Management 563,300 INR
Retail District Manager Executive and Management 403,100 INR
Revenue Manager Executive and Management 450,300 INR
Risk and Capital Manager Executive and Management 645,800 INR
Risk Officer Executive and Management 430,500 INR
Safety Manager Executive and Management 428,400 INR
Section Head Executive and Management 437,300 INR
Service Manager Executive and Management 454,900 INR
Shift Supervisor Executive and Management 351,900 INR
Solutions Manager Executive and Management 403,100 INR
Supervisor Executive and Management 351,900 INR
Supply Chain Manager Executive and Management 603,400 INR
Surveyor Executive and Management 397,900 INR
Technical Director Executive and Management 545,300 INR
Technical Manager Executive and Management 545,300 INR
Territory Manager Executive and Management 563,300 INR
Validation Manager Executive and Management 485,300 INR
Vice President Executive and Management 689,900 INR
Zone Manager Executive and Management 592,600 INR

Salary Comparison by City

If you want to compare salaries with different cities in India, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
agra 383,150 INR
Ahmadabad 454,600 INR
Bangalore 478,050 INR
Bhopal 439,900 INR
Chennai 463,000 INR
Coimbatore 409,250 INR
Delhi 472,150 INR
Ghaziabad 420,100 INR
Hyderabad 477,350 INR
Indore 422,550 INR
Jaipur 448,300 INR
Kanpur 454,100 INR
Kolkata 447,300 INR
Lucknow 434,650 INR
Ludhiana 405,600 INR
Madurai 383,400 INR
Mumbai 477,750 INR
Nagpur 423,850 INR
Patna 395,150 INR
Pimpri-Chinchwad 430,700 INR
Pune 464,650 INR
Surat 465,700 INR
Vadodara 380,800 INR
Visakhapatnam 414,700 INR

Salary Comparison by State

The table below includes links to the average salary for each state in India.

City Average Salary
Andaman & Nicobar Islands 379,850 INR
Andhra Pradesh 465,600 INR
Arunachal Pradesh 392,000 INR
Assam 470,300 INR
Bihar 500,450 INR
Chandigarh 373,550 INR
Chhatisgarh 462,050 INR
Dadra & Nagar Haveli 364,200 INR
Daman & Diu 356,800 INR
Delhi 446,400 INR
Goa 385,550 INR
Gujarat 491,500 INR
Haryana 451,000 INR
Himachal Pradesh 411,750 INR
Jammu & Kashmir 440,500 INR
Jharkhand 476,850 INR
Karnataka 470,300 INR
Kerala 472,300 INR
Lakshadweep 349,050 INR
Madhya Pradesh 482,900 INR
Maharashtra 516,400 INR
Manipur 400,850 INR
Meghalaya 395,300 INR
Mizoram 392,600 INR
Nagaland 391,450 INR
Orissa 454,900 INR
Pondicherry 398,150 INR
Punjab 438,750 INR
Rajasthan 474,350 INR
Sikkim 384,000 INR
Tamil Nadu 472,500 INR
Tripura 422,400 INR
Uttar Pradesh 497,650 INR
Uttaranchal 432,000 INR
West Bengal 509,100 INR

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