Average Product Development Manager Salary in Nepal for 2024

In this article, we will look at the average Product Development Manager salary for 2024 in Nepal 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 Nepalese rupee. To keep things simple, we are using the NPR currency code instead of the currency symbol โ‚จ.

How Much Does a Product Development Manager Make in Nepal?

A Product Development Manager working in Nepal will typically earn around 1,391,600 NPR per year, and this can range from the lowest average salary of about 695,400 NPR to the highest average salary of 2,146,100 NPR.

Average Annual Salary
1,391,600 NPR
Average Monthly Salary
115,966 NPR

Lowest Annual Salary
695,400 NPR
Lowest Monthly Salary
57,950 NPR

Highest Annual Salary
2,146,100 NPR
Highest Monthly Salary
178,841 NPR

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

Product Development 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 Product Development Manager Salaries in Nepal

So we've looked at the average salaries a Product Development Manager will earn in Nepal. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Product Development Manager can earn between 695,400 NPR and 2,146,100 NPR on average in Nepal. 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 a Product Development Manager in Nepal is 1,391,600 NPR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 1,391,600 NPR, and 50% of the population earn more than 1,391,600 NPR.

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 Product Development Manager salary in Nepal, 25% of the population are earning less than 938,700 NPR while 75% of the population earn more than 938,700 NPR.

75% of the population earn less than 1,777,700 NPR, and 25% of the population earn more than 1,777,700 NPR.

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.

Product Development Manager Salary by Experience Level in Nepal

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 product development 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. A Product Development Manager in Nepal that has less than two years of experience can expect to earn somewhere in the region of 832,300 NPR.
  • 2 - 5 Years Experience. With two to five years of experience the average Product Development Manager salary would increase to 1,104,400 NPR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Product Development Manager, the average salary would be 1,476,700 NPR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 1,765,300 NPR.
  • 15 - 20 Years Experience. A Product Development Manager with 15 to 20 years of experience can earn an average of 1,896,700 NPR.
  • 20+ Years Experience. For a Product Development Manager with more than 20 years, the expected average salary increases to 2,038,500 NPR.

Average Salary by Experience Chart

0-2 Years
832,300 NPR
2-5 Years +32%
1,104,400 NPR
5-10 Years +34%
1,476,700 NPR
10-15 Years +19%
1,765,300 NPR
15-20 Years +8%
1,896,700 NPR
20+ Years +7%
2,038,500 NPR

Product Development Manager Salary by Education Level in Nepal

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 a Product Development Manager in Nepal based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Product Development Manager in Nepal with a high school education can earn an average salary of 1,043,600 NPR.

  • Certificate or Diploma. A Product Development Manager in Nepal with a certificate or diploma education can earn an average salary of 1,191,100 NPR.

  • Bachelor's Degree. A Product Development Manager in Nepal with a bachelor's degree education can earn an average salary of 1,621,400 NPR.

  • Master's Degree. A Product Development Manager in Nepal with a master's degree education can earn an average salary of 2,038,500 NPR.

Average Salary by Education Chart

High School
1,043,600 NPR
Certificate or Diploma +14%
1,191,100 NPR
Bachelor's Degree +36%
1,621,400 NPR
Master's Degree +26%
2,038,500 NPR

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 Nepal is around 404,000 to 1,210,000 NPR 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.

Product Development 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 Nepal, a male product development manager will earn an average of 1,428,800 NPR, while a female product development manager will earn around 1,345,400 NPR.

This means that a male product development manager earns approximately 6% more than a female product development manager for performing the same job.

Average Salary by Gender Chart in Nepal

Male
1,428,800 NPR
Female -6%
1,345,400 NPR

Product Development Manager Average Pay Raise in Nepal

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 a Product Development Manager in Nepal is around 9% every 28 months.

The national average pay raise across all professions and industries in Nepal is around 4% every 29 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 = ( 9 ÷ 28 ) × 12  = 4%

What this means is that a Product Development Manager in Nepal can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Nepal for 2024

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

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

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Product Development Manager Bonus and Incentive Rates in Nepal

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.

A Product Development Manager is a moderate bonus based job, with 63% of employees reporting at least one bonus in the last 12 months.

37% 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 5% to 8%.

Received Bonus
63%
No Bonus
37%

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 Nepal earn approximately 11% more than private sector employees in the same role.

Public Sector
1,037,600 NPR
Private Sector -11%
939,000 NPR

Salaries for Jobs Similar to a Product Development Manager

In the table below, we have salary information for jobs that are similar to a Product Development Manager in Nepal.

Job Title Category Salary
Account Coordinator Executive and Management 889,400 NPR
Account Director Executive and Management 1,112,300 NPR
Account Executive Executive and Management 1,069,900 NPR
Account Manager Executive and Management 1,027,600 NPR
Administration Manager Executive and Management 1,050,100 NPR
Administration Officer Executive and Management 590,200 NPR
Administration Supervisor Executive and Management 877,300 NPR
Administrative Clerk Executive and Management 448,500 NPR
Administrative Officer Executive and Management 442,300 NPR
Area Director Executive and Management 962,300 NPR
Area Manager Executive and Management 1,023,000 NPR
Asset Protection Associate Executive and Management 1,159,000 NPR
Assistant Director Executive and Management 1,109,200 NPR
Assistant General Manager Executive and Management 1,198,300 NPR
Assistant Manager Executive and Management 1,235,600 NPR
Assistant Managing Director Executive and Management 1,306,100 NPR
Assistant Operations Manager Executive and Management 1,198,300 NPR
Assistant Project Manager Executive and Management 1,117,800 NPR
Assistant Section Head Executive and Management 931,900 NPR
Assistant to CEO Executive and Management 1,050,100 NPR
Assistant Vice President Executive and Management 1,149,200 NPR
Associate Account Director Executive and Management 1,138,300 NPR
Associate Director Executive and Management 1,091,600 NPR
Bid Manager Executive and Management 1,320,500 NPR
Branch Manager Executive and Management 1,184,700 NPR
Business Development Manager Executive and Management 1,391,600 NPR
Business Operations Associate Executive and Management 1,077,700 NPR
Business Operations Lead Executive and Management 1,172,900 NPR
Campaign Manager Executive and Management 1,273,300 NPR
Catering Coordinator Executive and Management 684,900 NPR
Catering Manager Executive and Management 1,145,100 NPR
CEO Executive and Management 2,254,400 NPR
Chairman of The Board Executive and Management 2,003,200 NPR
Chairman Office Manager Executive and Management 1,380,400 NPR
Chief Commercial Officer Executive and Management 1,500,800 NPR
Chief Corporate Officer Executive and Management 1,678,300 NPR
Chief Executive Officer Executive and Management 2,184,900 NPR
Chief Financial Officer Executive and Management 2,003,200 NPR
Chief Investment Officer Executive and Management 1,583,700 NPR
Chief of Staff Executive and Management 1,027,600 NPR
Chief Operating Officer Executive and Management 1,560,800 NPR
Chief Risk Officer Executive and Management 1,417,600 NPR
Client Account Manager Executive and Management 1,333,900 NPR
Client Accounts Officer Executive and Management 1,065,800 NPR
Client Services Manager Executive and Management 1,333,900 NPR
Commercial Director Executive and Management 1,464,200 NPR
Commercial Manager Executive and Management 1,259,300 NPR
Commercial Project Manager Executive and Management 1,235,600 NPR
Commodity Broker Executive and Management 939,000 NPR
COO Executive and Management 1,606,100 NPR
Corporate Affairs Executive Executive and Management 1,345,400 NPR
Corporate Compliance Director Executive and Management 1,417,600 NPR
Corporate Director Executive and Management 1,417,600 NPR
Corporate Officer Executive and Management 970,600 NPR
Corporate Partnerships Officer Executive and Management 1,043,700 NPR
Country Manager Executive and Management 1,594,500 NPR
Department Head Executive and Management 1,273,300 NPR
Department Manager Executive and Management 1,345,400 NPR
Department Supervisor Executive and Management 1,102,100 NPR
Deputy Director Executive and Management 1,547,500 NPR
Deputy Manager Executive and Management 1,570,900 NPR
Director Executive and Management 1,645,600 NPR
Director of Accreditation Executive and Management 1,380,400 NPR
Director of Catering Services Executive and Management 1,306,100 NPR
Director of Client Services Executive and Management 1,345,400 NPR
Director of Facilities Management Executive and Management 1,134,800 NPR
Director of Operations Executive and Management 1,450,700 NPR
Director of Process Simplification Executive and Management 1,074,600 NPR
Director of Product Management Executive and Management 1,440,700 NPR
Director of Project Management Executive and Management 1,510,400 NPR
Director of Revenue Management Executive and Management 1,320,500 NPR
Director of Training and Development Executive and Management 1,333,900 NPR
Distribution Manager Executive and Management 1,500,800 NPR
Division Manager Executive and Management 1,273,300 NPR
Duty Manager Executive and Management 1,273,300 NPR
Engagement Manager Executive and Management 1,570,900 NPR
Executive Director Executive and Management 2,065,400 NPR
Executive Manager Executive and Management 1,800,200 NPR
Franchise Manager Executive and Management 1,870,400 NPR
General Manager Executive and Management 1,716,600 NPR
Global Master Data Manager Executive and Management 1,450,700 NPR
Global Technical Lead Executive and Management 1,014,700 NPR
Head of Investment Executive and Management 1,464,200 NPR
Head of Middle Office Executive and Management 1,369,700 NPR
Head of Projects Executive and Management 1,450,700 NPR
Head of Strategy Executive and Management 1,632,100 NPR
Head of Supply Chain Executive and Management 1,259,300 NPR
Head of Sustainability Executive and Management 1,224,800 NPR
Housing Manager Executive and Management 1,182,800 NPR
HSE Manager Executive and Management 1,235,600 NPR
Key Account Manager Executive and Management 1,224,800 NPR
Knowledge Manager Executive and Management 1,320,500 NPR
Location Manager Executive and Management 1,380,400 NPR
Logistics Executive Executive and Management 1,155,400 NPR
Logistics Manager Executive and Management 1,079,600 NPR
Management Consultant Executive and Management 1,108,500 NPR
Management Executive Executive and Management 1,476,700 NPR
Manager Executive and Management 1,380,400 NPR
Managing Director Executive and Management 1,765,300 NPR
MIS Executive Executive and Management 1,487,200 NPR
Ocean Services Manager Executive and Management 1,487,200 NPR
Operational Manager Executive and Management 1,524,300 NPR
Operations Analyst Executive and Management 1,273,300 NPR
Operations Assistant Executive and Management 1,058,300 NPR
Operations Director Executive and Management 1,537,500 NPR
Operations Executive Executive and Management 1,500,800 NPR
Operations Manager Executive and Management 1,621,400 NPR
Operations Supervisor Executive and Management 1,380,400 NPR
Planning Director Executive and Management 1,487,200 NPR
PMO Manager Executive and Management 1,391,600 NPR
Policy Administration Executive Executive and Management 1,273,300 NPR
Private Sector Executive Executive and Management 1,212,800 NPR
Product Executive Executive and Management 1,224,800 NPR
Production Executive Executive and Management 1,487,200 NPR
Production Manager Executive and Management 1,464,200 NPR
Production Supervisor Executive and Management 1,191,100 NPR
Program Director Executive and Management 1,560,800 NPR
Program Manager Executive and Management 1,510,400 NPR
Programme Coordinator Executive and Management 1,080,400 NPR
Project Control Manager Executive and Management 1,570,900 NPR
Project Coordinator Executive and Management 899,100 NPR
Project Management Officer Executive and Management 1,003,800 NPR
Project Manager Executive and Management 1,053,900 NPR
Project Portfolio Manager Executive and Management 1,191,100 NPR
Quality Manager Executive and Management 1,196,800 NPR
R/D Director Executive and Management 1,259,300 NPR
Regional Director Executive and Management 1,930,500 NPR
Regional Manager Executive and Management 1,417,600 NPR
Relationship Manager Executive and Management 1,464,200 NPR
Retail District Manager Executive and Management 1,009,600 NPR
Revenue Manager Executive and Management 1,182,800 NPR
Risk and Capital Manager Executive and Management 1,621,400 NPR
Risk Officer Executive and Management 1,138,500 NPR
Safety Manager Executive and Management 1,134,500 NPR
Section Head Executive and Management 1,110,500 NPR
Service Manager Executive and Management 1,113,700 NPR
Shift Supervisor Executive and Management 846,500 NPR
Solutions Manager Executive and Management 973,800 NPR
Supervisor Executive and Management 869,400 NPR
Supply Chain Manager Executive and Management 1,464,200 NPR
Surveyor Executive and Management 1,048,100 NPR
Technical Director Executive and Management 1,428,800 NPR
Technical Manager Executive and Management 1,440,700 NPR
Territory Manager Executive and Management 1,464,200 NPR
Validation Manager Executive and Management 1,273,300 NPR
Vice President Executive and Management 1,788,300 NPR
Zone Manager Executive and Management 1,476,700 NPR

Salary Comparison by City

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

City Average Salary
Kathmandu 1,714,950 NPR
Pokhara 1,621,300 NPR

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