Schindler Product Development Manager Salaries by 4 Employees

10 - 15 years exp.

₹13.3 Lakhs - ₹19 Lakhs

Salary of majority employees

36% less than the average Product Development Manager Salary in Industrial Machinery Companies for 10 - 15 years of experience

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Last Updated: 30 Oct 2023

Companies similar to Schindler for Product Development Manager

Company name	Avg Annual Salary	Open Jobs
ABB Product Development Manager Salary 13 - 17 years exp. (5 salaries)	₹23.9 L/yr - ₹25.6 L/yr 78% more
TIDC India Product Development Manager Salary 6 - 19 years exp. (3 salaries)	₹8.2 L/yr - ₹10.5 L/yr 30% less
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American Express Product Development Manager Salary 4 - 15 years exp. (29 salaries)	₹20 L/yr - ₹38 L/yr 121% more
HARMAN Product Development Manager Salary 10 - 18 years exp. (25 salaries)	₹15.2 L/yr - ₹40 L/yr 123% more
FIS Product Development Manager Salary 10 - 19 years exp. (20 salaries)	₹18.1 L/yr - ₹35.8 L/yr 96% more

Product Development Manager salary at Schindler ranges between ₹13.3 Lakhs to ₹19 Lakhs per year for employees with experience between 10 years to 15 years. Salary estimates are based on 4 latest salaries received from various employees of Schindler.

Experience wise Schindler Product Development Manager salaries

Last Updated: 30 Oct 2023

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹14.3 L/yr
11 years (AmbitionBox Estimate)	₹12.5 L/yr - ₹15.9 L/yr
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12 years (AmbitionBox Estimate)	₹12.4 L/yr - ₹15.9 L/yr
13 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹14 L/yr
14 years (AmbitionBox Estimate)	₹13.3 L/yr - ₹24.7 L/yr

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Salary related reviews for Schindler

1.0

Rated by 1 employees for salary & benefits

Area Manager in Pune

Full Time

Project & Program Management Department

4.0

• posted on 25 Sep 2024

4.0

for Salary and Benefits

Likes

They really do care about employees & the benefits except salary are one of USP of this company like helping hands, term insurance etc.

Salary - Good

+6 more

Dislikes

Only numbers matters here at the end of the month, quarter & year sometime overlooked the efforts made by the workmen

Customer Engineer in Mumbai

Full Time

Production, Manufacturing & Engineering Department

5.0

• posted on 08 Apr 2024

5.0

for Salary and Benefits

Likes

Initially they provide training for everything. Alternate Saturday off. Good salary structure.if you are in maintenance then the team is really great

Salary - Excellent

+4 more

Dislikes

Appraisal politics . If you are in maintenance then there will be lot of work load some times you have to work on Saturday and Sunday

Promotions - Poor

Customer Engineer in Ludhiana

Existing Installation Department

3.0

• posted on 06 Nov 2022

3.0

for Salary and Benefits

Likes

Learning wise, schindler is best In the world ever i experienced. No one company give trainings Like Schindler Safety is always priority here . That is the best thing here

Skill development - Good

Dislikes

...care. Leaders promise on their behalf but you didn't get extra time benefits. 2. Salary and benefits Salary and benefits are depend upon 1 thing"boss's favourite" If u are one his favourite, you will get good appraisal, you can come late or never come on same day, no one will ask you. 3. No Job Security here. Your leader transfer you with or without any reason ,but that transfers mostly are without benefits. Even if you approach to HR or DGM level, they again make a loop with leader and not any solution you will get. 4. Work satisfaction:- Work satisfaction is zero Even it will be best place to work if everyone follow company rules and regulations. But everyone loves their own perks. 5. Company culture Company culture is only for leaders . Even company culture is that you cant hire a fraud person and be honest with company for this matter If a leader hire a relative ( with fraud background) here with any information to team and if team will complaint it ,your leader will take it personally. So culture is only depend on your. seniors Even if a leader appoint

Job security - Bad

+3 more

Project Engineer in Hyderabad / Secunderabad

New Installation Department

4.0

• posted on 29 Oct 2022

5.0

for Salary and Benefits

Likes

Salary good because it is on time Perks also good by keeping bills Reporting manager is good.but sometimes high authority spoils the realtionships

Salary - Excellent

+1 more

Dislikes

Political influence Possisiveness of same language of people

Field Technician in Bangalore Rural

Other Department

4.0

• posted on 06 May 2021

4.0

for Salary and Benefits

Likes

In this i learned a lot of thing about work.i like this company, because in this company they give first priority to employes.managments are well supporter's to technicians.

Salary - Good

+4 more

Dislikes

There is no bonus but incentive is there no use for that.

see more salary related reviews

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Salary Discussions, Hike & Promotions

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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Schindler Product Development Manager Salary FAQs

What is the salary of Product Development Manager at Schindler ?

The average salary of a Product Development Manager at Schindler in India typically ranges from ₹13.3 Lakhs to ₹19.0 Lakhs per year, depending on experience (from 10 years to 15 years).

The top 10% of Product Development Manager at Schindler earn more than ₹19.0 Lakhs per year, and the top 1% earn over ₹19.0 Lakhs per year. Product Development Manager Salaries at Schindler 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 4 Schindler employees in India.

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

The estimated take-home salary of a Product Development Manager at Schindler in India typically ranges from ₹96,864 to ₹99,484 per month. This is based on the average salary range of ₹13.3 Lakhs to ₹19.0 Lakhs per year for employees with experience ranging from 10 years to 15 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 4 salaries received from various employees of Schindler. Check how we calculate in-hand salary with our in-hand salary calculator.

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

HARMAN	₹15.2 Lakhs to ₹40.0 Lakhs per year
American Express	₹20.0 Lakhs to ₹38.0 Lakhs per year
FIS	₹18.1 Lakhs to ₹35.8 Lakhs per year
ABB	₹23.9 Lakhs to ₹25.6 Lakhs per year

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

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

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

TIDC India

₹8.2 Lakhs to ₹10.5 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 Product Development Manager at Schindler in India?

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

Experience	Average Salary Range
10 years	₹5.6 Lakhs to ₹14.3 Lakhs per year
11 years	₹12.5 Lakhs to ₹15.9 Lakhs per year
12 years	₹12.4 Lakhs to ₹15.9 Lakhs per year
13 years	₹5.5 Lakhs to ₹14.0 Lakhs per year

and so on.

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Schindler Product Development Manager Salaries

Schindler Product Development Manager salary in India ranges between ₹13.3 Lakhs to ₹19 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Schindler latest salaries received from various employees of Schindler.