ICICI Bank Mumbai Product Manager Salaries by 2000+ Employees (Updated 2025)

0 - 10 years exp.

₹7.6 Lakhs - ₹27 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakhs

Monthly In-hand Salary

15% less than the average Product Manager Salary in Banking Companies for 0 - 10 years of experience

Interested in this particular role?

Salaries in different departments

Product Management Product Manager Salary 0 - 10 years exp. (1.1k salaries)	₹7.6 L/yr - ₹27 L/yr
BFSI, Investments & Trading Product Manager Salary 0 - 10 years exp. (137 salaries)	₹13.3 L/yr - ₹27.8 L/yr
Login to view exact salary
Marketing & Communication Product Manager Salary 0 - 9 years exp. (96 salaries)	₹7.1 L/yr - ₹26 L/yr
Finance & Accounting Product Manager Salary 0 - 8 years exp. (68 salaries)	₹5.1 L/yr - ₹22 L/yr
Data Science & Analytics Product Manager Salary 1 - 9 years exp. (59 salaries)	₹13.4 L/yr - ₹28.6 L/yr

Last Updated: 31 Mar 2025

Companies similar to ICICI Bank for Product Manager in Mumbai

ICICI Bank Product Manager Salary

0 - 10 years exp. (2.1k salaries)

₹7.6 L/yr - ₹27 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Product Manager Salary 0 - 14 years exp. (631 salaries)	₹7 L/yr - ₹25.7 L/yr 13% less
Axis Bank Product Manager Salary 0 - 10 years exp. (439 salaries)	₹7 L/yr - ₹27.2 L/yr 5% less
Login to view exact salary
Kotak Mahindra Bank Product Manager Salary 0 - 10 years exp. (422 salaries)	₹7 L/yr - ₹25 L/yr 13% less	1 job opening
IDFC FIRST Bank Product Manager Salary 0 - 7 years exp. (368 salaries)	₹8.5 L/yr - ₹30 L/yr 10% more
Yes Bank Product Manager Salary 0 - 10 years exp. (190 salaries)	₹8.8 L/yr - ₹28 L/yr 7% more	2 job openings
AU Small Finance Bank Product Manager Salary 0 - 8 years exp. (70 salaries)	₹7 L/yr - ₹25 L/yr 16% less	1 job opening
RBL Bank Product Manager Salary 1 - 8 years exp. (65 salaries)	₹6.5 L/yr - ₹23 L/yr 23% less	1 job opening
IndusInd Bank Product Manager Salary 0 - 8 years exp. (39 salaries)	₹8 L/yr - ₹31.7 L/yr 8% more	2 job openings
DBS Bank Product Manager Salary 3 - 9 years exp. (21 salaries)	₹12.9 L/yr - ₹30 L/yr 15% more	1 job opening
Standard Chartered Product Manager Salary 4 - 12 years exp. (17 salaries)	₹13 L/yr - ₹45 L/yr 63% more
State Bank of India Product Manager Salary 2 - 10 years exp. (14 salaries)	₹11 L/yr - ₹27 L/yr 32% more
Login to view exact salary
NatWest Group Product Manager Salary 5 - 13 years exp. (7 salaries)	₹16.9 L/yr - ₹31 L/yr 33% more
Shinhan Bank Product Manager Salary 5 - 14 years exp. (6 salaries)	₹11 L/yr - ₹12.5 L/yr 33% less
Bank of Baroda Product Manager Salary 4 - 13 years exp. (5 salaries)	₹6.8 L/yr - ₹20 L/yr 19% less
Deutsche Bank Product Manager Salary 18 - 22 years exp. (5 salaries)	₹28 L/yr - ₹37 L/yr 106% more	1 job opening
Ujjivan Small Finance Bank Product Manager Salary 4 - 6 years exp. (3 salaries)	₹10.5 L/yr - ₹29 L/yr 8% more
Utkarsh Small Finance Bank Product Manager Salary 7 - 10 years exp. (3 salaries)	₹5.5 L/yr - ₹17 L/yr 25% less

Product Manager salary at ICICI Bank ranges between ₹7.6 Lakhs to ₹27 Lakhs per year for employees with less than 1 year of experience to 10 years. Salary estimates are based on 2.1k latest salaries received from various employees of ICICI Bank.

Experience wise ICICI Bank Product Manager salaries in Mumbai

Last Updated: 31 Mar 2025

Experience	Avg Annual Salary
Fresher (89 salaries)	₹7.1 L/yr - ₹20 L/yr
1 year (366 salaries)	₹6.5 L/yr - ₹24 L/yr
Login to view exact salary
2 years (435 salaries)	₹7 L/yr - ₹24 L/yr
3 years (356 salaries)	₹7 L/yr - ₹26.5 L/yr
4 years (239 salaries)	₹6.8 L/yr - ₹28 L/yr
5 years (191 salaries)	₹7.5 L/yr - ₹30 L/yr
6 years (135 salaries)	₹7.5 L/yr - ₹30 L/yr
7 years (91 salaries)	₹8.4 L/yr - ₹31.5 L/yr
8 years (72 salaries)	₹8 L/yr - ₹33 L/yr
9 years (43 salaries)	₹8.3 L/yr - ₹33.7 L/yr
10 years (39 salaries)	₹8 L/yr - ₹32 L/yr

View all

From

Product Manager

₹

Lakhs/yr

0 - 10 years exp.

Assistant General Manager

₹

Lakhs/yr

15 - 24 years exp.

Product Manager

0 - 10 years exp.

Senior Product Manager

2 - 9 years exp.

37% hike

Chief Manager

5 - 23 years exp.

4% hike

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in ICICI Bank

Deputy Manager Salary

(3.6k salaries)

₹2 L/yr - ₹10.55 L/yr

Senior Product Manager Salary

(315 salaries)

₹15.9 L/yr - ₹35 L/yr

Project Manager Salary

(70 salaries)

₹13.07 L/yr - ₹22.76 L/yr

Production Manager Salary

(43 salaries)

₹5.47 L/yr - ₹23.53 L/yr

Product Manager 2 Salary

(24 salaries)

₹11.55 L/yr - ₹26.16 L/yr

Program Manager Salary

(11 salaries)

₹16 L/yr - ₹27.85 L/yr

Product Owner Salary

(6 salaries)

₹7.5 L/yr - ₹17 L/yr

Group Product Manager Salary

(4 salaries)

₹32 L/yr - ₹93 L/yr

Top skills at ICICI Bank for Product Manager

Product Management Marketing Market Research New Product Development Product Strategy Product Design Trade Finance Product Marketing Internet Banking Mobile Banking Product Management Implementation Project Management Customer Experience Market Analysis

Salary related reviews for ICICI Bank

3.5

Rated by 198 employees for salary & benefits

Product Manager in Mumbai

Full Time

Product Management Department

3.0

• posted on 03 Aug 2023

4.0

for Salary and Benefits

Likes

Salary and perks are good.

Salary - Good

+2 more

Dislikes

Work culture is terrible. Unnecessary toxicity, poor environment in office, rude seniors and one might face harassment from seniors. If you get good team and senior , consider yourself lucky or else its worst.

Work satisfaction - Poor

+2 more

Product Manager in Mumbai

Full Time

Finance & Accounting Department

5.0

• posted on 04 Oct 2022

3.0

for Salary and Benefits

Likes

Great working experience. Work culture is good. Can learn new things and grow. Job security is there.

Skill development - Excellent

+4 more

Dislikes

Salary and & monetary benefits are not satisfactory. Promotion amd appraisal process is not motivating.

Product Manager in Mumbai

Full Time

Product Management Department

3.0

• posted on 26 Jan 2022

1.0

for Salary and Benefits

Likes

Product team culture is different from the branch and operations team. Fairly interesting work, experienced seniors, progressive work culture, youthful peer. The bank has been a leader in technology (good for PMs). Unlimited sick leaves, good insurance policies. Swanky corporate offices with nice cafeteria and other facilities.

Skill development - Good

+4 more

Dislikes

Poor pay/hike compared to other PMs. No parity in pay. Product function is still evolving. It's more of a project management function. Bureaucratic decision making process. Hikes be based only on overall performance of team and bank. Promotions will be on vintage. No motivation to perform since free riders now have more reasons to free ride. Some weird policies during Covid- employees were asked to wfh from base locations even if the role does not require visiting office.

Salary - Bad

+1 more

Product Manager in Bkc Mumbai

Full Time

Product Management Department

4.0

• posted on 19 May 2022

3.0

for Salary and Benefits

Likes

...rk culture 2. Life balance is there if you handle ur boss and work carefully 3. Good salary if u r from top college 4. You can learn a lot, lot of scope for this 5. If u r good to handle some pressure, u will get additional responsibilities which is a good part.

Skill development - Good

+2 more

Dislikes

1. Not handsome salary for normal guy who just pass out graduation 2. Salary is not upto the market standard for sales officers and sales managers 3. Retail branches have lots of pressure

Promotions - Poor

Product Manager in Bkc

Product Management Department

3.0

• posted on 13 Dec 2021

2.0

for Salary and Benefits

Likes

I was part of digital transformation team. It was fairly new team of the bank when I joined the team. Work was demanding but inspiring. Colleagues are fun to work as well learn from. Great opportunity to learn strategy & high level thought process.

Skill development - Good

+1 more

Dislikes

...wly. High impact projects take a long time to be applied ( 1 year or more). 3. Compensation 4. HR policy

Salary - Poor

+4 more

see more salary related reviews

Discover interview dos and don'ts from real experiences

What people are saying about ICICI Bank

View All

tendervada

5d (edited)

currently not working

Need suggetion please 🙏

I have a new job in ICICI Bank for Branch Banking as a Relationship Manager, but my friend, who is also in the same bank, told me not to join Branch Banking as a Relationship Manager because the sales targets are too high and the work culture is too toxic. He suggested I transfer to Corporate Banking." Please give me suggetion?

Got a question about ICICI Bank?

Ask anonymously on communities.

ICICI Bank Product Manager Salary FAQs

What is the salary of Product Manager at ICICI Bank in Mumbai?

The average salary of a Product Manager at ICICI Bank in Mumbai typically ranges from ₹7.6 Lakhs to ₹27.0 Lakhs per year, depending on experience (from Fresher to 10 years).

The top 10% of Product Manager in Mumbai at ICICI Bank earn more than ₹23.5 Lakhs per year, and the top 1% earn over ₹29.0 Lakhs per year. Product Manager Salaries at ICICI Bank can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 2000+ ICICI Bank employees in India.

What is the estimated take home salary of a Product Manager at ICICI Bank in Mumbai?

The estimated take-home salary of a Product Manager at ICICI Bank in Mumbai typically ranges from ₹1,18,301 to ₹1,21,614 per month. This is based on the average salary range of ₹7.6 Lakhs to ₹27.0 Lakhs per year for employees with experience ranging from Fresher to 10 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 2000+ salaries received from various employees of ICICI Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Product Manager at ICICI Bank in Mumbai?

To be a Product Manager at ICICI Bank in Mumbai, the key skills required include:

- Product Management
- Marketing
- Market Research
- New Product Development
- Product Strategy

These skills are highly valued at ICICI Bank and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than ICICI Bank for Product Manager in India?

Deutsche Bank	₹28.0 Lakhs to ₹37.0 Lakhs per year
Standard Chartered	₹13.0 Lakhs to ₹45.0 Lakhs per year
NatWest Group	₹16.9 Lakhs to ₹31.0 Lakhs per year
State Bank of India	₹11.0 Lakhs to ₹27.0 Lakhs per year
DBS Bank	₹12.9 Lakhs to ₹30.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by ICICI Bank, depending on the role and experience level.

What is the salary of a Product Manager in companies similar to ICICI Bank in Mumbai?

The salary of a Product Manager at companies similar to ICICI Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

IDFC FIRST Bank	₹8.5 Lakhs to ₹30.0 Lakhs per year
Ujjivan Small Finance Bank	₹10.5 Lakhs to ₹29.0 Lakhs per year
IndusInd Bank	₹8.0 Lakhs to ₹31.7 Lakhs per year
Yes Bank	₹8.8 Lakhs to ₹28.0 Lakhs per year
Axis Bank	₹7.0 Lakhs to ₹27.2 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Product Manager at ICICI Bank in Mumbai?

The salary growth for a Product Manager at ICICI Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Product Manager in Mumbai can expect the following growth trajectory at ICICI Bank:

Experience	Average Salary Range
Fresher	₹7.1 Lakhs to ₹20.0 Lakhs per year
1 year	₹6.5 Lakhs to ₹24.0 Lakhs per year
2 years	₹7.0 Lakhs to ₹24.0 Lakhs per year
3 years	₹7.0 Lakhs to ₹26.5 Lakhs per year

and so on.

Tell us how to improve this page.

Home >
Salaries >
ICICI Bank Salaries >
ICICI Bank Product Manager Salaries >
ICICI Bank Product Manager Salaries in Mumbai

ICICI Bank Product Manager salary in Mumbai ranges between ₹7.6 Lakhs to ₹27 Lakhs with an average annual salary of ₹. Salary estimates are based on 2.1k ICICI Bank latest salaries received from various employees of ICICI Bank.

ICICI Bank Product Manager salaries in Mumbai (Updated 2025)

Companies similar to ICICI Bank for Product Manager in Mumbai

Latest annual salaries shared by ICICI Bank Product Manager in Mumbai

Experience wise ICICI Bank Product Manager salaries in Mumbai

Similar Designation salaries in ICICI Bank

Top skills at ICICI Bank for Product Manager

Salary related reviews for ICICI Bank

Product Manager in Mumbai

Product Manager in Mumbai

Product Manager in Mumbai

Product Manager in Bkc Mumbai

Product Manager in Bkc

ICICI Bank Product Manager Salary FAQs

Tell us how to improve this page.