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

0 - 10 years exp.

₹7.5 Lakhs - ₹27 Lakhs

Salary of majority employees

Fixed (82%)

₹14.2 Lakhs

Variable (18%)

₹3.1 Lakhs

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

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Salaries in different departments

Product Management Product Manager Salary 0 - 10 years exp. (1.1k salaries)	₹7.7 L/yr - ₹27 L/yr
BFSI, Investments & Trading Product Manager Salary 0 - 10 years exp. (137 salaries)	₹13.1 L/yr - ₹27 L/yr
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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. (69 salaries)	₹10.6 L/yr - ₹23.1 L/yr
Data Science & Analytics Product Manager Salary 1 - 9 years exp. (58 salaries)	₹13.6 L/yr - ₹25 L/yr

Last Updated: 19 Feb 2025

Companies similar to ICICI Bank for Product Manager in Mumbai

ICICI Bank Product Manager Salary

0 - 10 years exp. (2k salaries)

₹7.5 L/yr - ₹27 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Product Manager Salary 0 - 12 years exp. (585 salaries)	₹6 L/yr - ₹25 L/yr 15% less
Axis Bank Product Manager Salary 1 - 10 years exp. (425 salaries)	₹8 L/yr - ₹27.2 L/yr 4% less
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State Bank of India Product Manager Salary 2 - 10 years exp. (14 salaries)	₹11 L/yr - ₹27 L/yr 41% more
Kotak Mahindra Bank Product Manager Salary 0 - 10 years exp. (405 salaries)	₹6.2 L/yr - ₹25 L/yr 15% less	1 job opening
ICICI Prudential Life Insurance Product Manager Salary 0 - 6 years exp. (29 salaries)	₹6.7 L/yr - ₹19 L/yr 9% less
HDFC Life Product Manager Salary 2 - 9 years exp. (58 salaries)	₹7.5 L/yr - ₹20 L/yr 26% less
Axis Direct Product Manager Salary 0 - 11 years exp. (13 salaries)	₹5.4 L/yr - ₹21.5 L/yr 26% less	1 job opening
Kotak Securities Product Manager Salary 2 - 6 years exp. (21 salaries)	₹14 L/yr - ₹23 L/yr 19% less
SBI Life Insurance Company Product Manager Salary 2 - 6 years exp. (15 salaries)	₹7.8 L/yr - ₹13.6 L/yr 40% less
IDBI Bank Product Manager Salary 8 - 13 years exp. (4 salaries)	₹16 L/yr - ₹28 L/yr 20% more

View all

Product Manager salary at ICICI Bank ranges between ₹7.5 Lakhs to ₹27 Lakhs per year for employees with less than 1 year of experience to 10 years. Salary estimates are based on 2k latest salaries received from various employees of ICICI Bank.

Experience wise ICICI Bank Product Manager salaries in Mumbai

Last Updated: 19 Feb 2025

Experience	Avg Annual Salary
Fresher (91 salaries)	₹7.4 L/yr - ₹20 L/yr
1 year (355 salaries)	₹6.5 L/yr - ₹24 L/yr
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2 years (421 salaries)	₹6.6 L/yr - ₹24 L/yr
3 years (357 salaries)	₹7 L/yr - ₹26.5 L/yr
4 years (235 salaries)	₹6.7 L/yr - ₹28 L/yr
5 years (183 salaries)	₹7 L/yr - ₹30 L/yr
6 years (136 salaries)	₹7.5 L/yr - ₹29 L/yr
7 years (91 salaries)	₹8.4 L/yr - ₹31.5 L/yr
8 years (72 salaries)	₹7.5 L/yr - ₹33 L/yr
9 years (46 salaries)	₹7.8 L/yr - ₹33.3 L/yr
10 years (40 salaries)	₹8.1 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.

38% hike

Chief Manager 5 - 23 years exp.

4% hike

Similar Designation salaries in ICICI Bank

Deputy Manager Salary

(3.6k salaries)

₹2 L/yr - ₹10.55 L/yr

Senior Product Manager Salary

(314 salaries)

₹10 L/yr - ₹35 L/yr

Project Manager Salary

(73 salaries)

₹13.73 L/yr - ₹23.85 L/yr

Production Manager Salary

(39 salaries)

₹6.02 L/yr - ₹24.5 L/yr

Product Manager 2 Salary

(23 salaries)

₹11.55 L/yr - ₹26.16 L/yr

Program Manager Salary

(10 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 191 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

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What people are saying about ICICI Bank

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an assistant manager

Need guidance for career growth in Banking and finance domain.

Hey all, I'm working in a bank as a relationship manager with a package of 3.0 Lac of salary, and I now have 1 year of experience in retail banking. Before that, I had 1 year of experience as a customer support associate. Highest education qualification - Graduate in commerce Expecting your guidance on which skills and certifications I need to acquire for a high-paying job in the banking domain.

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ICICI Bank Product Manager Salary FAQs

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

Product Manager salary at ICICI Bank in Mumbai ranges between ₹7.5 Lakhs to ₹27.0 Lakhs for less than 1 year of experience to 10 years. According to our estimates it is 15% less than the average Product Manager Salary in India. Salary estimates are based on 2k latest salaries received from various employees of ICICI Bank Mumbai.

How does the salary of a Product Manager at ICICI Bank Mumbai compare with the average salary range for this job?

The average salary of a Product Manager at ICICI Bank is 15% less than the average salary of a Product Manager in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Product Manager at ICICI Bank?

Product Management, Marketing, Market Research, New Product Development and Product Strategy are some of the popular skills required to work as a Product Manager at ICICI Bank Mumbai.

Which similar companies are paying more than ICICI Bank to a Product Manager in Mumbai?

Standard Chartered Product Manager Salary - ₹13.0 Lakhs to ₹45.0 Lakhs per year
American Express Product Manager Salary - ₹14.0 Lakhs to ₹40.0 Lakhs per year
Accenture Product Manager Salary - ₹13.0 Lakhs to ₹41.0 Lakhs per year
Deloitte Product Manager Salary - ₹11.0 Lakhs to ₹35.0 Lakhs per year
IBM Product Manager Salary - ₹11.3 Lakhs to ₹32.5 Lakhs per year

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

Ernst & Young Product Manager Salary - ₹19.0 Lakhs to ₹40.5 Lakhs per year
State Bank of India Product Manager Salary - ₹11.0 Lakhs to ₹27.0 Lakhs per year
Infosys Product Manager Salary - ₹14.0 Lakhs to ₹25.1 Lakhs per year
Tech Mahindra Product Manager Salary - ₹11.0 Lakhs to ₹27.0 Lakhs per year
Wipro Product Manager Salary - ₹14.0 Lakhs to ₹28.0 Lakhs per year

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 ranges between ₹1,17,153 per month to ₹1,20,429 per month in Mumbai. The take-home salary calculation is based on the average ICICI Bank Product Manager salary in India which ranges between ₹7.5 Lakhs to ₹27.0 Lakhs per year for employees with less than 1 year of experience to 10 years. Check how did we calculate take home salary?

What is the notice period for Product Manager at ICICI Bank in Mumbai?

According to AmbitionBox, 78% of the ICICI Bank Product Managers in Mumbai reported a notice period of 1 Month, 10% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 1.1k responses on AmbitionBox in last 2 years.

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ICICI Bank Product Manager Salaries in Mumbai

ICICI Bank Product Manager salary in Mumbai ranges between ₹7.5 Lakhs to ₹27 Lakhs with an average annual salary of ₹. Salary estimates are based on 2k ICICI Bank latest salaries received from various employees of ICICI Bank.

ICICI Bank Product Manager salaries in Mumbai

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

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Product Manager in Bkc

ICICI Bank Product Manager Salary FAQs

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