Even though for 7 Software Engineer 1 PM is selected still why PM are less paid in Indian market compared to Software Engineer who get 50% hike or I have heard some earning 36LPA with just 4-5yrs of experience.

Whats the economics behind it? Why does this happens?

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I'm saying this at the expense of offending a lot of people, you can replace a project manager with a senior /lead developer with people skills but can a PM replace a developer?

Developers sit at the core of the project.

PS: I'm not getting paid more than my PM.

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Why would someone who has crossed the dev and moved over to management want to take up a dev role again?

Hardly anyone would do that. Personally, I wouldn't.

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I will try to answer with simple analogy. Suppose there is a a critical surgery which needs to be done to do a heart transplant on a patient. For carrying out the transplant we will need different specialist doctors like a anasthesist, heart specialist, junior doctors, nurses etc. All these are required for successful surgery of the patient but still the core work is for the heart surgeon. Without him/her no other role would be matter. Now apply the same to software engineering. Replace heart surgeon with software developers and remaining roles nurses, other specialist with supporting functions QA, SM, PO etc. All are important but still core is software development.

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The problem is the mindset. Let me refresh your memory
10-15 years ago- everyone thought the success of project was due to Manager (although that person might be doing nothing at all)
This person would not only earn most but get all accolades and benefits while the developers would go out.
There were no roles like Product manager at that time

Today- everyone thinks developers are the most critical resources. And yes I agree to this point.
But my past experience as a developer and now moved to product management; I can affirmatively say 70% of devs are just doing normal work and rest 30% are exceptional.
But these devs can't do shit, if they don't get clear description of what they require to make. Rarely I come across devs who try to understand the big picture.

All roles are important and the salary should not be decided based on role. It's the stupid mindset of Indian HR that is holding back a lot of talent to cross skill.

Anyways, my suggestion is that Product management is also a technical role so continue to be domain agnostic + technology adaptive.

funny

Hmmm....F

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Demand and supply, ratio of availability by requirement is higher for project managers as compared to software Engineer.

Because Indian market doesn't value PMs. PMs are disposable, engineers are not. Most Indian companies were built by engineers and not PMs. Infact this is a classic difference in perspective, some companies value PMs more, some value engineers more.

Companies that value faster delivery of products will always pay engineers more because they're the builders, companies that value opportunity discovery, planning and strategy will pay PMs more.

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