Do I need an MBA to become a product manager in India?
It helps most in campus and consulting-linked hiring paths, and matters far less for experienced professionals moving internally or laterally. Product teams hiring someone with existing domain knowledge care more about judgement, communication and whether you have owned an outcome. The most common successful path is an internal move within a company that already trusts you, then a market switch two years later with a PM title.
Is product owner a step toward product manager or a different track?
It varies enough that you should read each job description rather than the title. In many Indian organisations, product owner is a delivery-facing role centred on backlog and sprint scope, closer to what you already do. In others it carries genuine product responsibility. The distinguishing question in an interview is who decides what goes on the roadmap and who owns the success metric.
How do I handle the product sense round with no consumer product experience?
Use the domain you know. If you have worked on enterprise or internal systems, answer with those users rather than pretending to reason about a consumer app you have only used. Interviewers are testing structure: who the user is, what problem you picked, why that one, how you would measure it. Depth in an unglamorous domain scores better than shallow analysis of a familiar product.
Should I expect a salary drop when switching to product management?
Not automatically, and you should be careful about accepting one framed as the price of entry. Internal moves usually hold compensation. External moves depend on whether you are hired for your domain expertise, which is leverage, or as a generalist starting over, which is not. Across the 14 verified switches we have complete data for, the median hike recorded was 147 percent across several different transitions, not this one specifically.