Average Product Planner Salary in India for 2024

In this article, we will look at the average Product Planner 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 โ‚น.

How Much Does a Product Planner Make in India?

A Product Planner working in India will typically earn around 309,800 INR per year, and this can range from the lowest average salary of about 168,100 INR to the highest average salary of 466,300 INR.

Average Annual Salary
309,800 INR
Average Monthly Salary
25,816 INR

Lowest Annual Salary
168,100 INR
Lowest Monthly Salary
14,008 INR

Highest Annual Salary
466,300 INR
Highest Monthly Salary
38,858 INR

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

Product Planner 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 Planner Salaries in India

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

Salary ranges

We already know that a Product Planner can earn between 168,100 INR and 466,300 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 a Product Planner in India is 282,300 INR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 282,300 INR, and 50% of the population earn more than 282,300 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 Product Planner salary in India, 25% of the population are earning less than 204,700 INR while 75% of the population earn more than 204,700 INR.

75% of the population earn less than 345,100 INR, and 25% of the population earn more than 345,100 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.

Product Planner 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 product planner 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 Planner in India that has less than two years of experience can expect to earn somewhere in the region of 191,600 INR.
  • 2 - 5 Years Experience. With two to five years of experience the average Product Planner salary would increase to 243,000 INR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Product Planner, the average salary would be 320,500 INR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 378,300 INR.
  • 15 - 20 Years Experience. A Product Planner with 15 to 20 years of experience can earn an average of 417,100 INR.
  • 20+ Years Experience. For a Product Planner with more than 20 years, the expected average salary increases to 444,300 INR.

Average Salary by Experience Chart

0-2 Years
191,600 INR
2-5 Years +26%
243,000 INR
5-10 Years +32%
320,500 INR
10-15 Years +18%
378,300 INR
15-20 Years +11%
417,100 INR
20+ Years +6%
444,300 INR

Product Planner 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 a Product Planner 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. A Product Planner in India with a high school education can earn an average salary of 233,900 INR.

  • Certificate or Diploma. A Product Planner in India with a certificate or diploma education can earn an average salary of 265,000 INR.

  • Bachelor's Degree. A Product Planner in India with a bachelor's degree education can earn an average salary of 349,300 INR.

  • Master's Degree. A Product Planner in India with a master's degree education can earn an average salary of 430,500 INR.

Average Salary by Education Chart

High School
233,900 INR
Certificate or Diploma +13%
265,000 INR
Bachelor's Degree +32%
349,300 INR
Master's Degree +24%
430,500 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.

Product Planner 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 product planner will earn an average of 317,700 INR, while a female product planner will earn around 292,000 INR.

This means that a male product planner earns approximately 9% more than a female product planner for performing the same job.

Average Salary by Gender Chart in India

Male
317,700 INR
Female -9%
292,000 INR

Product Planner 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 a Product Planner in India is around 12% every 16 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 = ( 12 ÷ 16 ) × 12  = 9%

What this means is that a Product Planner in India can expect to receive an average pay raise of around 9% 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%

Product Planner 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.

A Product Planner is a moderate bonus based job, with 51% of employees reporting at least one bonus in the last 12 months.

49% 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 4% to 5%.

Received Bonus
51%
No Bonus
49%

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 a Product Planner

In the table below, we have salary information for jobs that are similar to a Product Planner in India.

Job Title Category Salary
3D Artist Media / Broadcasting / Arts / Entertainment 332,100 INR
3D Designer Media / Broadcasting / Arts / Entertainment 322,600 INR
3D Generalist Media / Broadcasting / Arts / Entertainment 283,700 INR
3D Visualization Specialist Media / Broadcasting / Arts / Entertainment 341,400 INR
Acrobatic Rigger Media / Broadcasting / Arts / Entertainment 227,600 INR
Actor Media / Broadcasting / Arts / Entertainment 454,900 INR
Art Administrator Media / Broadcasting / Arts / Entertainment 362,200 INR
Art Director Media / Broadcasting / Arts / Entertainment 450,300 INR
Art Lead Media / Broadcasting / Arts / Entertainment 437,300 INR
Associate Media Director Media / Broadcasting / Arts / Entertainment 384,500 INR
Associate Producer Media / Broadcasting / Arts / Entertainment 485,300 INR
Broadcast and Sound Engineer Media / Broadcasting / Arts / Entertainment 301,600 INR
Broadcast Associate Media / Broadcasting / Arts / Entertainment 249,600 INR
Broadcast News Analyst Media / Broadcasting / Arts / Entertainment 353,600 INR
Broadcast Technician Media / Broadcasting / Arts / Entertainment 209,500 INR
Broadcasting Journalist Media / Broadcasting / Arts / Entertainment 428,400 INR
Broadcasting Presenter Media / Broadcasting / Arts / Entertainment 447,300 INR
Camera Equipment Repairer Media / Broadcasting / Arts / Entertainment 239,000 INR
Camera Operator Media / Broadcasting / Arts / Entertainment 216,800 INR
Cartoonist / Animator Media / Broadcasting / Arts / Entertainment 327,800 INR
CAS Engineer Media / Broadcasting / Arts / Entertainment 369,300 INR
Censorship Executive Media / Broadcasting / Arts / Entertainment 397,900 INR
Choreographer Media / Broadcasting / Arts / Entertainment 301,600 INR
Colorist Media / Broadcasting / Arts / Entertainment 189,300 INR
Communications Manager Media / Broadcasting / Arts / Entertainment 514,300 INR
Correspondent Media / Broadcasting / Arts / Entertainment 386,400 INR
Dance Director Media / Broadcasting / Arts / Entertainment 349,300 INR
Dancer Media / Broadcasting / Arts / Entertainment 309,800 INR
Director of Photography Media / Broadcasting / Arts / Entertainment 377,200 INR
Disc Jockey Media / Broadcasting / Arts / Entertainment 227,600 INR
Editorial Assistant Media / Broadcasting / Arts / Entertainment 194,600 INR
Events Manager Media / Broadcasting / Arts / Entertainment 351,900 INR
Graphic Designer Media / Broadcasting / Arts / Entertainment 239,000 INR
Illustrator Media / Broadcasting / Arts / Entertainment 265,000 INR
Industrial Designer Media / Broadcasting / Arts / Entertainment 222,300 INR
Instructional Designer Media / Broadcasting / Arts / Entertainment 222,300 INR
Journalist Media / Broadcasting / Arts / Entertainment 428,400 INR
Makeup Artist Media / Broadcasting / Arts / Entertainment 233,600 INR
Media Design Manager Media / Broadcasting / Arts / Entertainment 608,500 INR
Media Equipment Operator Media / Broadcasting / Arts / Entertainment 197,600 INR
Media Operations Manager Media / Broadcasting / Arts / Entertainment 475,700 INR
Media Planner Media / Broadcasting / Arts / Entertainment 325,600 INR
Media Producer Media / Broadcasting / Arts / Entertainment 440,200 INR
Media Product Development Manager Media / Broadcasting / Arts / Entertainment 597,800 INR
Media Production Manager Media / Broadcasting / Arts / Entertainment 583,000 INR
Media Program Director Media / Broadcasting / Arts / Entertainment 656,800 INR
Media Relation Executive Media / Broadcasting / Arts / Entertainment 643,800 INR
Media Relations Manager Media / Broadcasting / Arts / Entertainment 618,800 INR
Media Sales Manager Media / Broadcasting / Arts / Entertainment 674,100 INR
Movement and Dance Coordinator Media / Broadcasting / Arts / Entertainment 357,300 INR
Multimedia Coordinator Media / Broadcasting / Arts / Entertainment 239,000 INR
Multimedia Designer Media / Broadcasting / Arts / Entertainment 239,000 INR
Music Consultant Media / Broadcasting / Arts / Entertainment 318,800 INR
Musician Media / Broadcasting / Arts / Entertainment 263,100 INR
News Associate Media / Broadcasting / Arts / Entertainment 317,700 INR
News Reporter Media / Broadcasting / Arts / Entertainment 420,800 INR
Post Production Assistant Media / Broadcasting / Arts / Entertainment 209,500 INR
Producer Media / Broadcasting / Arts / Entertainment 568,500 INR
Product Designer Media / Broadcasting / Arts / Entertainment 233,600 INR
Production Artist Media / Broadcasting / Arts / Entertainment 314,500 INR
Production Assistant Media / Broadcasting / Arts / Entertainment 216,800 INR
Production Director Media / Broadcasting / Arts / Entertainment 498,000 INR
Production Technician Media / Broadcasting / Arts / Entertainment 204,000 INR
Program Researcher Media / Broadcasting / Arts / Entertainment 381,800 INR
Promotion Coordinator Media / Broadcasting / Arts / Entertainment 288,700 INR
Sound Engineer Media / Broadcasting / Arts / Entertainment 301,600 INR
Sound Engineering Technician Media / Broadcasting / Arts / Entertainment 176,800 INR
Stage Technician Media / Broadcasting / Arts / Entertainment 183,600 INR
Sub Editor Media / Broadcasting / Arts / Entertainment 216,800 INR
Television Executive Producer Media / Broadcasting / Arts / Entertainment 684,900 INR
Transmission Engineer Media / Broadcasting / Arts / Entertainment 330,900 INR
Video Editor Media / Broadcasting / Arts / Entertainment 267,100 INR
Video Producer Media / Broadcasting / Arts / Entertainment 341,400 INR
Videographer Media / Broadcasting / Arts / Entertainment 314,500 INR
Visual Designer Media / Broadcasting / Arts / Entertainment 322,600 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 294,300 INR
Ahmadabad 353,600 INR
Bangalore 349,300 INR
Bhopal 301,300 INR
Chennai 325,900 INR
Coimbatore 311,700 INR
Delhi 366,200 INR
Ghaziabad 305,600 INR
Hyderabad 361,500 INR
Indore 311,700 INR
Jaipur 330,900 INR
Kanpur 315,900 INR
Kolkata 327,800 INR
Lucknow 312,400 INR
Ludhiana 299,500 INR
Madurai 282,500 INR
Mumbai 344,600 INR
Nagpur 322,600 INR
Patna 288,100 INR
Pimpri-Chinchwad 312,400 INR
Pune 345,100 INR
Surat 335,100 INR
Vadodara 283,400 INR
Visakhapatnam 294,700 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 265,000 INR
Andhra Pradesh 332,500 INR
Arunachal Pradesh 301,300 INR
Assam 335,100 INR
Bihar 363,000 INR
Chandigarh 265,000 INR
Chhatisgarh 335,100 INR
Dadra & Nagar Haveli 272,800 INR
Daman & Diu 257,700 INR
Delhi 330,900 INR
Goa 294,700 INR
Gujarat 344,600 INR
Haryana 309,800 INR
Himachal Pradesh 318,800 INR
Jammu & Kashmir 315,900 INR
Jharkhand 332,100 INR
Karnataka 339,100 INR
Kerala 344,600 INR
Lakshadweep 263,100 INR
Madhya Pradesh 351,200 INR
Maharashtra 385,300 INR
Manipur 308,900 INR
Meghalaya 294,700 INR
Mizoram 273,300 INR
Nagaland 307,400 INR
Orissa 345,700 INR
Pondicherry 281,500 INR
Punjab 315,900 INR
Rajasthan 369,300 INR
Sikkim 275,800 INR
Tamil Nadu 349,300 INR
Tripura 317,700 INR
Uttar Pradesh 375,200 INR
Uttaranchal 318,800 INR
West Bengal 353,600 INR

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