PhonePe Engineering Manager Salaries by 10+ Employees (Updated 2025)

6 - 14 years exp.

₹41.2 Lakhs - ₹1 Crore

Avg. annual salary

Monthly In-hand Salary

116% more than the average Engineering Manager Salary in FinTech Companies for 6 - 14 years of experience

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Last Updated: 18 Mar 2025

Companies similar to PhonePe for Engineering Manager

Company name	Avg Annual Salary	Open Jobs
Paytm Engineering Manager Salary 8 - 14 years exp. (101 salaries)	₹24.3 L/yr - ₹85 L/yr 32% less	1 job opening
PayPal Engineering Manager Salary 10 - 20 years exp. (35 salaries)	₹30 L/yr - ₹80 L/yr 36% less	2 job openings
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Razorpay Engineering Manager Salary 4 - 13 years exp. (30 salaries)	₹25 L/yr - ₹98 L/yr 24% less
PayU Payments Engineering Manager Salary 4 - 12 years exp. (30 salaries)	₹19 L/yr - ₹70 L/yr 51% less	1 job opening
MasterCard Engineering Manager Salary 10 - 19 years exp. (22 salaries)	₹34 L/yr - ₹60 L/yr 47% less
Fiserv Engineering Manager Salary 14 - 18 years exp. (20 salaries)	₹24 L/yr - ₹48.7 L/yr 55% less
Visa Engineering Manager Salary 8 - 15 years exp. (11 salaries)	₹43 L/yr - ₹75.5 L/yr 21% less
Western Union Engineering Manager Salary 13 - 19 years exp. (8 salaries)	₹40 L/yr - ₹60 L/yr 31% less
Slice Engineering Manager Salary 10 - 11 years exp. (6 salaries)	₹65 L/yr - ₹90 L/yr 3% less
Rupeek Engineering Manager Salary 8 - 12 years exp. (6 salaries)	₹50 L/yr - ₹75 L/yr 20% less
Navi Technologies Engineering Manager Salary 8 - 12 years exp. (5 salaries)	₹37 L/yr - ₹1 Cr/yr 15% less	2 job openings
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HighRadius Engineering Manager Salary 12 - 15 years exp. (4 salaries)	₹31.6 L/yr - ₹85 L/yr 40% less
ACKO Engineering Manager Salary 10 - 12 years exp. (5 salaries)	₹68 L/yr - ₹84 L/yr 5% less
MAYBRIGHT VENTURES PRIVATE LIMITED, Kolkata Engineering Manager Salary 13 - 16 years exp. (4 salaries)	₹22 L/yr - ₹35 L/yr 64% less
M2P Fintech Engineering Manager Salary 5 - 17 years exp. (3 salaries)	₹32 L/yr - ₹72 L/yr 30% less

Engineering Manager salary at PhonePe ranges between ₹41.2 Lakhs to ₹1 Crore per year for employees with experience between 6 years to 14 years. Salary estimates are based on 11 latest salaries received from various employees of PhonePe.

Experience wise PhonePe Engineering Manager salaries

Last Updated: 18 Mar 2025

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹51.9 L/yr - ₹57.4 L/yr
7 years (AmbitionBox Estimate)	₹56.8 L/yr - ₹62.7 L/yr
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8 years (AmbitionBox Estimate)	₹61.6 L/yr - ₹68.1 L/yr
9 years (3 salaries)	₹48 L/yr - ₹1.3 Cr/yr
10 years (AmbitionBox Estimate)	₹71.4 L/yr - ₹78.9 L/yr
11 years (AmbitionBox Estimate)	₹76.3 L/yr - ₹84.3 L/yr
12 years (AmbitionBox Estimate)	₹81.1 L/yr - ₹89.7 L/yr
13 years (AmbitionBox Estimate)	₹86 L/yr - ₹95.1 L/yr
14 years (AmbitionBox Estimate)	₹90.9 L/yr - ₹1 Cr/yr

View all

Similar Designation salaries in PhonePe

Senior Engineering Manager Salary

(AmbitionBox Estimate)

₹84.1 L/yr - ₹92.9 L/yr

Program Manager Salary

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₹9.19 L/yr - ₹30 L/yr

Project Manager Salary

(AmbitionBox Estimate)

₹18 L/yr - ₹23 L/yr

Technical Manager Salary

(AmbitionBox Estimate)

₹57 L/yr - ₹63 L/yr

Product Manager Salary

(60 salaries)

₹15 L/yr - ₹47.5 L/yr

Principal Engineer Salary

(AmbitionBox Estimate)

₹39.2 L/yr - ₹50 L/yr

Software Engineer Salary

(335 salaries)

₹14.8 L/yr - ₹50 L/yr

Technical Project Manager Salary

(6 salaries)

₹13 L/yr - ₹30 L/yr

Technical Lead Salary

(6 salaries)

₹48.99 L/yr - ₹90 L/yr

Senior Consultant Salary

(4 salaries)

₹10.5 L/yr - ₹39.87 L/yr

Top skills at PhonePe for Engineering Manager

Financial Services Medical Insurance Medical Insurance Stock Broking Stakeholder Management Financial Services Mutual Funds Stakeholder Management Wellness Distribution System stock broking Leasing Mutual Funds Computer science Android

Salary related reviews for PhonePe

5.0

Rated by 1 employees for salary & benefits

Software Engineer in Bangalore / Bengaluru

Full Time

Engineering - Software & QA Department

4.0

• posted on 28 Jul 2024

4.0

for Salary and Benefits

Likes

1. Good salary, decent benefits. 2. Impactful work at scale, recognition - good learning on business logic.

Salary - Good

+1 more

Dislikes

1. Appreciation culture is lacking. 2. Personal growth curve unclear due to lack of enough roles.

Relationship Premium Accounts Manager in Nagpur

Full Time

Marketing & Communication Department

1.0

• posted on 13 Mar 2025

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

They show you their message or job post with the maximum Salary of 4.5 LPA and the HR starts offering you from 1.8LPA and last she offers to the 5 years sales experienced guy is 2.5LPA and for freshers she only gives 1.2LPA to 1.8 LPA

Salary - Bad

+6 more

Senior Territory Sales Manager in New Delhi

Full Time

Sales & Business Development Department

3.0

• posted on 14 Feb 2025

5.0

for Salary and Benefits

Likes

In a initial stage company is good, good package giving.

Salary - Excellent

Dislikes

Company politics destroy your career, East delhi state head like shahid khan ZSM & HR all involve to safe his job. They hired TSM for 6 month then give him notice period then after forcefully resigned. Don't enter in this company there management is really destory your CV.

Job security - Poor

+2 more

Sales Executive in Lucknow

Full Time

Sales & Business Development Department

5.0

• posted on 05 Mar 2025

1.0

for Salary and Benefits

Likes

Yes

Skill development - Excellent

+2 more

Dislikes

No good job salary kam dete hai full time me 21000₹ batate or dete 12000₹ or full duty karo tm ya hall hai tel ka bataya tha vah bhi company nhi diya hai or leave lete nhi leave dikhaya jata hai salary com aye yah dasa hai company ko

Salary - Bad

Business Development Associate in New Delhi

Full Time

Sales & Business Development Department

3.0

• posted on 19 Jun 2024

2.0

for Salary and Benefits

Likes

There is a target based salary,and if you achieved target you will get basic salary but don't expect you will get incentive , manager gives you a lot of pressure ...and always saying u resign if u would not achieve your target ... , the company's clear funda ..

Dislikes

All the things is bad......if you are complaint for your manager behaviour HR don't here your opinion ......

Salary - Poor

+5 more

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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PhonePe Engineering Manager Salary FAQs

What is the salary of Engineering Manager at PhonePe ?

The average salary of a Engineering Manager at PhonePe in India typically ranges from ₹41.2 Lakhs to ₹100.0 Lakhs per year, depending on experience (from 6 years to 14 years).

The top 10% of Engineering Manager at PhonePe earn more than ₹94.0 Lakhs per year, and the top 1% earn over ₹100.0 Lakhs per year. Engineering Manager Salaries at PhonePe 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 10+ PhonePe employees in India.

What is the estimated take home salary of a Engineering Manager at PhonePe in India?

The estimated take-home salary of a Engineering Manager at PhonePe in India typically ranges from ₹4,41,145 to ₹4,54,059 per month. This is based on the average salary range of ₹41.2 Lakhs to ₹100.0 Lakhs per year for employees with experience ranging from 6 years to 14 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 10+ salaries received from various employees of PhonePe. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Engineering Manager at PhonePe ?

To be a Engineering Manager at PhonePe in india, the key skills required include:

- Financial Services
- Medical Insurance
- Medical Insurance
- Stock Broking
- Stakeholder Management

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

What is the salary of a Engineering Manager in companies similar to PhonePe in India?

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

Slice	₹65.0 Lakhs to ₹90.0 Lakhs per year
ACKO	₹68.0 Lakhs to ₹84.0 Lakhs per year
Navi Technologies	₹37.0 Lakhs to ₹100.0 Lakhs per year
Rupeek	₹50.0 Lakhs to ₹75.0 Lakhs per year
Visa	₹43.0 Lakhs to ₹75.5 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 Engineering Manager at PhonePe in India?

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

Experience	Average Salary Range
6 years	₹51.9 Lakhs to ₹57.4 Lakhs per year
7 years	₹56.8 Lakhs to ₹62.7 Lakhs per year
8 years	₹61.6 Lakhs to ₹68.1 Lakhs per year
9 years	₹48.0 Lakhs to ₹126.0 Lakhs per year

and so on.

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PhonePe Engineering Manager Salaries

PhonePe Engineering Manager salary in India ranges between ₹41.2 Lakhs to ₹1 Crore with an average annual salary of ₹. Salary estimates are based on 11 PhonePe latest salaries received from various employees of PhonePe.