5 Highest-Paying Project Management Careers in India

Project Management certification courses are always helpful. With a Post Graduate Certification in Project Management you would enhance your job prospects by manifolds, not to mention the increased salary aspects and your chance getting more job offers than your peers.

A Project Management certification is your ticket to land a great job with an amazing salary.

Don’t listen to us; listen to what statistics say.

As per the latest PMI-commissioned talent gap analysis by the Anderson Economic Group, there will be 22 million new project management job openings by 2027 – which means a staggering growth of 33%. India and China will represent over 75% of the total project management-oriented employment. Salaries for this sector are quite lucrative too. According to Glassdoor, the national average annual salary for project managers is INR 12,00,000. Therefore, just a little push from your end and you can go a long way in the project management career.

Let us now walk you through the different career avenues that you can opt for in the project management domain.

5 Topmost Project Management Career Options in India

Construction project managers ensure the flawless accomplishment of a construction project by managing every phase of it. They work with a closely knit circle of architects, subcontractors, workers, electrician, and so on, understanding and communicating client requirements to the team and fixing various issues, such as legal regulations, compliance with safety, zoning, etc.

Construction project managers are needed in a range of Government and private projects,  including residential home/society building or remodeling for individuals; heavy industrial construction, such as bridges, factories, etc.; commercial construction, such as shopping malls, theatres, etc.; and engineering construction, such as dams, airport, etc. This means construction project managers have their hands full at all time.

Skills Required

• Like the dynamic construction industry, a construction manager’s domain knowledge needs to be dynamic too. Their knowledge about the industry, techniques, equipments, and so on should be as per with the current industry. 
•   Things may not always go as planned. Therefore, a construction project manager should be flexible to adapt to changes. They are also expected to have a few risk management tricks up their sleeves.
• They should be excellent communicators so that they can convey their thoughts to the team, negotiate with the clients, provide updates on latest progress, etc. in the most efficient way possible.
• Organization and negotiation skills are two of their best weapons in the field.
• A deep-seated knowledge of financial management always comes in handy in this sector.

Average Salary in India

As per Glassdoor, the average annual salary for a Construction Project Manager in India is INR 12,13,531. 

An engineering project manager’s responsibilities are similar to those of a construction project manager. They plan, direct, and coordinate the development of new products, designs, and processes. Their responsibilities start at bringing various engineering projects to the table; continue at creating project plans, scheduling tasks, fixing the budget plan, attending to staffing and equipment issues, and so on; and end at delivering the product or service.

Skills Required

• Communication can make or break a project. An engineering project manager needs to have great communication skills for smooth flow of ideas within and outside the team.
• Managing an entire engineering project is no joke. Therefore, they must be extremely persistent to get jobs done on time. If the team confronts any issue in planning and designing the product, a project manager is their go-to person.
• They should have sound knowledge of financial matters to help them in negotiating the best deals and drawing an extensive and effective budget plan for the project.

Average Salary in India

As per Glassdoor, the average annual salary for an Engineering Project Manager is INR 21,15,644. 

The global pharmaceutical industry generated a staggering 1.25 trillion U.S. dollars in 2019 (as per a report published in Statista). Moreover, the Indian pharmaceutical sector is expected show a growth of US$ 100 billion, while the medical device market is expected to reach US$ 25 billion by 2025 (IBEF).

None of these would be possible if not for the pharmaceutical project managers. From initiating a research project to managing the sales of a particular product, the entire course of development and distribution cycle of a particular drug or medical device is managed by pharmaceutical managers. They are even responsible for taking decisions on whether or not to continue the production of a particular drug based on the side effects and regulatory issues.  

Skills Required

• They are expected to play several roles in the clinical research process. Therefore, multitasking skills are of utmost importance.
• Interpersonal skills with an extroverted nature go well for a project manager, as they are the sole point of interaction between the client and the team.
• They must have time management skills to keep the team motivated to meet deadlines.
• Their critical thinking, analytical budgeting, decision-making, and problem-solving skills should be at the best to pull up a project and lead it towards success.
• They must have domain knowledge to understand and communicate specific terminologies.

Average Salary in India As per PayScale, the average salary for a Pharmaceutical Project Manager in India is INR 795,404.

Energy project managers are responsible for handling end-to-end processes of developing new or improving existing energy systems. They work for private as well as public organizations in managing various non-renewable or renewable energy projects, including wind, solar, geothermal, hydro, BESS, etc. They oversee development and construction processes, besides coming up with innovative and effective solutions for issues, such as risk management, getting permissions from various authorities, clearing a site, and so on. They ensure that the objectives of safety, economy, quality, and timeline of a particular project are not compromised.    

Skills Required

• Energy project managers should have substantial amount of domain knowledge, besides an aptitude for switching to different technologies (hydro, solar, wind, etc.), if the need arises.
• A track record of successful project completion is important for an energy manager.
• They should be well-versed with the best project management practices to deliver efficient solutions.
• They must have strong business acumen to recommend efficient analyses and strategies on business development, regulations, finance, product marketing, and sales.
• Communication skill is crucial for a career in project management, as they need to convey the right message to the right audience.
• They may be required to present a project to a larger audience, in which case presentation skill is important along with communication skill.
• They need strong leadership qualities to collaborate with and lead different teams.

Average Salary in India

As per PayScale, the average salary for an energy project manager in India is INR 691,517.

Every successful product and service launch needs a carefully devised plan. Marketing Project Managers ensure that the product is not only launched but also receives wide recognition and acceptance in the market. They are also responsible for creating brand awareness, so much so that the mere name of the product screams the identity of the brand. They collaborate with marketing strategists and come up with extensive market plans for each product and service, keeping in mind the target audience and their requirements. Their work includes strategizing marketing campaigns, timeline management, budget fixtures, supervision of the creative teams, and product deployment and distribution.       

Skills Required

• They must understand the theories of project management and know how to put the theories into action.
• Organizational skills come in handy while planning a project and strategizing moves for a campaign.
• Marketing project managers should understand which task requires more attention than the others based on the size, scope, and timeliness of the projects.
• They should demonstrate analytical and research abilities while creating suitable content calendars for marketing campaigns, researching for strong keywords and trending topics, and so on.

Average Salary in India

As per Glassdoor, the average annual salary for a marketing project manager in India is INR 16,91,008.

Why Should You Consider a Post Graduate Certification in Project Management?

• There is a greater demand for certified project managers.
• This certification program ensures that you develop all the above-mentioned skills required in a Project Management sector and more.
• It helps you gain knowledge of a global phenomenon and speak a global language, as project management is everywhere nowadays.
• It gives you an edge over the others by making your resume stronger than your peers’, thus multiplying your chances of being considered for a job offer.   
• This Project Management Certification enhances your salary and promotion prospects.

Conclusion

Nobody wants their careers to be stagnant.

It is extremely essential that your career keeps growing. For that, you need to upskill yourself, keep yourself growing along with the company, and learn new things that would keep you a step ahead of others.

To help you out, iNurture Education Solutions has joined hands with Lincoln University College, Malaysia, and come up with one of the finest courses for project management certification. This 3-month program is primarily for working professionals, but if you want to accelerate your career, then we suggest you to go for it. Here are the highlights of the program.

– 100 Hours of Learning

– 30 Hours of Live Online Training on Weekends

– 30 Hours of Self-Paced Learning

– 30 Hours of Experiential Learning

– 10 Hours of MooC

– 4-Day optional Industry Immersion Program at Lincoln University College in Malaysia

– Live Project from Minfy Technologies

– A PG Certification in Project Management from Lincoln University College, Malaysia