Salaries for Product Managers in Indonesian Startups are Lower Than in Singapore and Vietnam

Product management is one of the most strategic roles in the structure of Indonesian startups. According to a report by Monk's Hill Ventures and Glints, product managers in Indonesian startups earn twice as much as non-technical roles.

However, the salary range for product management in Indonesia remains below that of Vietnam and Singapore. A senior product manager in Indonesia commands a market price of US$3,000 or Rp 43.5 million per month (at an exchange rate of Rp 14,500/USD).

In the same position, Vietnamese workers earn US$5,000 or Rp 72.5 million per month. Meanwhile, senior product managers in Singapore earn US$6,900 or Rp 100.1 million per month.

Senior UI/UX designers in startups also have different salary ranges in the three countries. A senior UI/UX designer from Indonesia earns US$1,700 or Rp 24.7 million per month.

In Vietnam, senior UI/UX designers earn US$4,000 or Rp 58 million per month. In Singapore, UI/UX designers earn US$7,000 or Rp 101.5 million per month.

Monk's Hill Ventures and Glints conducted in-depth interviews with over 20 startup founders in Singapore, Indonesia, and Vietnam. A survey was also conducted on over 175 technology and non-technology startup employees, reflecting current market conditions. The selected startups were in the venture capital funding stage (seed stage, less than US$50 million).