Working at s&p since past 3.5 years, joined here after my graduation. Currently at GL 9 as a Product Manager with base pay 14lpa. Recently I got to know an engineer from my scrum team with 6 years of experience earns 23LPA apparently.

My genuine question is - Am I underpaid for the role that I am in? If yes, how much should I ideally be earning?

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Posting as :
works at
You are currently posting as works at

Just because your designation has the word manager at the end, do not expect you to be paid like a top notch employee.

It's been just 3.something yrs of your graduation.

likefunny

Are ur colleague grade same? Or higher
I assume ur a TL. Do u know the execution part pretty well, just like ur colleague?

Product manager and engineer are not the same job family/function, engineers are generally paid more in the industry.

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3.5 year with 14 LPA is decent and Engineer with 6 year experience have lot on their plate. Its not an easy job.
However i have seen younger product managers have limited role.
Also Tech skills are always paid higher.

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So people in product manager role have 10-12-14 year of experience also and are handling complex product or responsibilities. If you feel your responsibilities are demanding also then ask for it.
Some product manager have add on responsibilities of people management.
Compare your work and responsibilities.

Job roles in S&P are misleading ! They keep changing it as per Industry demand. So for example Data researchers are now called data analyst.

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Possibly SnP is not the first company of your colleague. People generally get good hikes when they switch jobs.

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Yes he has previous 5 yoe from previous companies, he joined s&p an year ago

I think your pay would be is in above avarage catagory unless you join a high paying org.

I mean isnt s&p in the good leagues now?

What technology or skills u require at your current job?

They wanted someone who knows basic tech (sql,aws, etc) and has knowledge about the kind of data s&p sells, nothing fancy, plus im not a certified PM

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Did you join as a product manager or recently promoted?

@author you stated that your colleague has switched and them came to snp so that justifies his higher pay, that is with 6+ exp getting 23lpa. That's almost double your work experience.
If you also make a switch, I think you can get around him with just 4 yrs exp.
And yes as the guys here said, designations can be very misleading. Some orgs even give AVP, SVP as designations to engineers, and they are doing tech work like any other mnc software engineer.

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