MTR Foods Product Development Manager Salaries by 5 Employees

10 - 13 years exp.

₹12 Lakhs - ₹12.9 Lakhs

Low Confidence

Salary of majority employees

43% less than the average Product Development Manager Salary in FMCG Companies for 10 - 13 years of experience

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Last Updated: 16 Mar 2023

Companies similar to MTR Foods for Product Development Manager

Company name	Avg Annual Salary	Open Jobs
Britannia Product Development Manager Salary 2 - 7 years exp. (6 salaries)	₹13 L/yr - ₹17.5 L/yr 22% more
Marico Product Development Manager Salary 5 - 16 years exp. (5 salaries)	₹8.6 L/yr - ₹43 L/yr 102% more
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Wipro Consumer Care & Lighting Product Development Manager Salary 10 - 14 years exp. (5 salaries)	₹14.5 L/yr - ₹22.5 L/yr 43% more
Kores Product Development Manager Salary 10 - 12 years exp. (4 salaries)	₹14 L/yr - ₹14.1 L/yr 14% more
Pitambari Products Product Development Manager Salary 8 - 15 years exp. (3 salaries)	₹6 L/yr - ₹12 L/yr 27% less

Product Development Manager salary at MTR Foods ranges between ₹12 Lakhs to ₹12.9 Lakhs per year for employees with experience between 10 years to 13 years. Salary estimates are based on 5 latest salaries received from various employees of MTR Foods.

Experience wise MTR Foods Product Development Manager salaries

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹12 L/yr - ₹21.7 L/yr
11 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹12.3 L/yr
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12 years (AmbitionBox Estimate)	₹12 L/yr - ₹12.9 L/yr
13 years (AmbitionBox Estimate)	₹12.5 L/yr - ₹22.6 L/yr

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Top skills at MTR Foods for Product Development Manager

Product Development New Product Design R&D Quality Assurance

Salary related reviews for MTR Foods

2.5

Rated by 2 employees for salary & benefits

Marketing Manager in Bangalore / Bengaluru

Full Time

Marketing & Communication Department

3.0

• posted on 30 Apr 2024

1.0

for Salary and Benefits

Likes

Overall decent working culture, good opportunities in terms of roles, good higher management

Job security - Good

+3 more

Dislikes

Very poor appraisals, not a pay master, no extra perks, not very employee friendly in terms of benefits, flexibility for work from home etc

Salary - Bad

+1 more

Key Accounts And Ecommerce Manager in Mumbai

Full Time

Sales & Business Development Department

2.0

• posted on 24 Dec 2022

4.0

for Salary and Benefits

Likes

Salary was as per industry standard and job security was there.

Salary - Good

+1 more

Dislikes

Company culture was horrible with cuss words in every communication. Blame game was always there. Bootlickers stayed on without doing anything for years.

Skill development - Poor

+4 more

QC Executive in Bangalore / Bengaluru

Contractual

Engineering - Software & QA Department

4.0

• posted on 29 Mar 2024

3.0

for Salary and Benefits

Likes

...mportant. The fight with departments will turns you to look SOP for a evidence. Don’t work for the salary part just grab the Standards and move if you’re a fresher that’s what I did and it's still remains with me

Skill development - Excellent

+3 more

Dislikes

As everyone knew that Organization doesn't give best appraisal to who working from long back, that would be main reason to quit.

Job security - Poor

+1 more

QC Executive in Bangalore / Bengaluru

Quality Assurance Department

4.0

• posted on 08 Jan 2022

4.0

for Salary and Benefits

Likes

Culture is good. Company policies are good. Salary hike and bonus are not bad.

Salary - Good

+5 more

Dislikes

Low career growth. No time will given for new joiners to understand the things. You will have to involve in work from day 1 onwards.

Teritory Sales Officer in Guwahati

Other Department

4.0

• posted on 10 Apr 2021

4.0

for Salary and Benefits

Likes

Company should think about marketing development

Salary - Good

+1 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

Job security - Bad

+3 more

see more salary related reviews

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a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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MTR Foods Product Development Manager Salary FAQs

What is the salary of Product Development Manager at MTR Foods ?

The average salary of a Product Development Manager at MTR Foods in India typically ranges from ₹12.0 Lakhs to ₹12.9 Lakhs per year, depending on experience (from 10 years to 13 years).

The top 10% of Product Development Manager at MTR Foods earn more than ₹12.9 Lakhs per year, and the top 1% earn over ₹12.9 Lakhs per year. Product Development Manager Salaries at MTR Foods 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 5 MTR Foods employees in India.

What is the estimated take home salary of a Product Development Manager at MTR Foods in India?

The estimated take-home salary of a Product Development Manager at MTR Foods in India typically ranges from ₹87,397 to ₹89,688 per month. This is based on the average salary range of ₹12.0 Lakhs to ₹12.9 Lakhs per year for employees with experience ranging from 10 years to 13 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 5 salaries received from various employees of MTR Foods. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Product Development Manager at MTR Foods ?

To be a Product Development Manager at MTR Foods in india, the key skills required include:

- Product Development
- New Product Design
- R&D
- Quality Assurance

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

Which companies offer higher salaries than MTR Foods for Product Development Manager in India?

Marico	₹8.6 Lakhs to ₹43.0 Lakhs per year
Wipro Consumer Care & Lighting	₹14.5 Lakhs to ₹22.5 Lakhs per year
Britannia	₹13.0 Lakhs to ₹17.5 Lakhs per year
Kores	₹14.0 Lakhs to ₹14.1 Lakhs per year

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

What is the salary of a Product Development Manager in companies similar to MTR Foods in India?

The salary of a Product Development Manager at companies similar to MTR Foods in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Pitambari Products

₹6.0 Lakhs to ₹12.0 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 Development Manager at MTR Foods in India?

The salary growth for a Product Development Manager at MTR Foods depends on factors such as experience, performance, and promotions. On average, a Product Development Manager can expect the following growth trajectory at MTR Foods:

Experience	Average Salary Range
10 years	₹12.0 Lakhs to ₹21.7 Lakhs per year
11 years	₹4.9 Lakhs to ₹12.3 Lakhs per year
12 years	₹12.0 Lakhs to ₹12.9 Lakhs per year
13 years	₹12.5 Lakhs to ₹22.6 Lakhs per year

and so on.

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MTR Foods Product Development Manager Salaries

MTR Foods Product Development Manager salary in India ranges between ₹12 Lakhs to ₹12.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 MTR Foods latest salaries received from various employees of MTR Foods.