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Who is a Product Manager?
Roadmaps are evidence of strategy. Not a list of features. ~ Steve Johnson
Product Managers are regarded as mini CEOs. A product manager determines what success looks like for a product, conveys that vision to a team, and then works to make that vision a reality. A product manager is the one who analyzes the client's needs and the large company goals that a product or service will accomplish. It is due to their high influence within the organisation. The product manager job description includes managing varying complex products and working with professionals from the other departments as well. The product manager job description includes playing the role of the first point of contact in the organisation for anyone who needs to know about the product. A Product Manager performs various roles and departments. The product manager jobs include working in many different roles and departments such as engineering, sales and marketing, design and others. Concerning larger programmes, they work with Technical Program Managers to deliver results.
Product Manager in a Nutshell
A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.
Quick Facts for Product Manager
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Industry
Finance, Manufacturing, Information Technology
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Average Salary in India
₹245248
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Suitable for
Male, Female, Others
A Product Manager career is not restricted to a specific gender. Individuals’ gender has no significance in this career. Anyone having relevant skills and qualifications can opt for a career as a Product Manager.
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Any special needs
Yes
A Product Manager career’s suitability for specially-abled individuals may vary from organisation to organisation. Concerning IT industry, a Product Manager career might be suitable for candidates with special needs.
Table of Contents for Product Manager
What is the role of Product Manager?
A Product Manager is responsible for providing support to teams with data-driven insights and recommendations on the company’s products. The role of a Product Manager is required to understand the competitive space occupied by their product. A product manager jobs include developing the vision of the product and strategies to achieve the organisation’s goals. The role of a Product Manager involves working with people who contribute to the making of a product as well as those who manage the business to ensure the product meets its requirements. A Product Manager jobs involve ensuring that the product is efficient and that people involved in developing it have access to the latest techniques and technologies. He or she listens to the feedback given by users to identify the areas where it can be improved.
Resource Links for Online MBA
Defining Product Vision
The role of Product Manager comes with the responsibility of defining the product vision, strategy and roadmap. He or she is responsible for gathering, managing and prioritising the customer requirements.
Coordination
A Product Manager is responsible for working with engineering, sales, marketing and providing support to ensure the business case and customer satisfaction goals are met.
Developing Business Case
The job of Product Manager involves developing the business case for new products and recommending improvements to existing products as well as business ventures. He or she is responsible for developing positioning for the product.
Market Research and Analysis
Market expertise involves the understanding of reasons why customers purchase products. The Product Manager is required to conduct the market research and competitive analysis to understand the customers’ requirements.
What is the workplace/work environment of Product Manager like?
A Product Manager works in an office environment. He or she works standard business hours. The role of the Product Manager involves communicating with senior management, stakeholders, clients and members of the other departments within the organisation. Skills such as leadership, communication and teamwork are crucial in this Product Manager career.
Does Product Manager require travelling?
Likely
The travelling requirements in a Product Manager career vary from industry to industry and organisation to organisation.
Employment Shifts
Full Time
A Product Manager works on a full-time basis. There is no hourly basis or part-time work provided in this career.
Employment Nature
Contractual, Permanent
There are both types of employment provided in the career as Product Manager. Candidates can locate employment opportunities through recruitment websites.
Work Place
Office
A Product Manager works in an office environment. On occasions, several organisations may provide work from home to the Product Manager.
Presence in Geographical Area
Semi-urban, Urban
Product Manager jobs come with promising opportunities in urban areas. Product Managers employed at Gurugram earn 24.1 per cent higher salaries than the national average. Product Managers employed at Bengaluru, Karnataka earn 21 per cent higher salaries than the national average.
Time Pressure
Likely
A Product Manager career involves working under frequent time pressure. He or she has to stay organised and perform multiple tasks.
Overtime Details
A Product Manager may occasionally be required to work extended hours depending on the requirements of scheduled tasks or projects.
Weekly Hours of Work
Min 40 Hours
A Product Manager works a minimum of 40 hours per week. The work hours may vary from organisation to organisation.
How to become a Product Manager?
Steps to become a Product Manager
What are the skills and qualities required to become a/an Product Manager?
We have provided here details of the product manager course. Aspirants who want to become Product Manager are required to acquire the product manager skills to function efficiently in the work environment. Read this article if you want to know how to become a product manager.
Problem Solving Skills: A Product Manager is required to define the market needs. Problem Solving Skill is one of the most important product manager skills. He or she articulated the valuable market problem he or she is solving along with priorities and justification.
Technical Skills: The Product Manager role demands strong technical knowledge or specific domain expertise. He or she runs beta and pilot programmes. A Product Manager is required to review the work in Agile environments and ensure it meets the customers’ requirements.
Domain Expertise: Being a Product Manager, one should possess strong knowledge of the market and product area. He or she must know customer and business requirements.
Leadership Skills: Product Managers are required to possess strong leadership skills. It is a supervisory role. They oversee the work of team members and guide them.
Popular Online IT Courses and Certifications
Which certifications and internships can be helpful in becoming Product Manager?
We have provided here a list of Product Manager certification courses. These certification courses may provide help to candidates in upgrading their skills and knowledge.
SAFe Product Owner/Product Manager (POPM) Certification Training | |
| Growth Product Manager | - |
Internship Availability
Aspirants who want to become a Product Manager are first required to opt for Product Management internships. Product Management internships come with the requirement to participate in demos, training and workshops. A Product Management intern is required to identify the functional gaps and document the business requirements. The role of Product Management intern may also include testing developed software in order to ensure it meets the business requirements. He or she is required to work closely with the development team and ensure it meets the quality of feature releases.
Career Path Progression for Product Manager
Let's take a look at the career hierarchy of the Product Management field. We have provided here details of Product Manager career progression.
Associate Product Manager: An Associate Product Manager is responsible for prioritising tasks. He or she makes scopes and prioritises decisions around the tasks or projects he or she is assigned.
Product Manager: A Product Manager develops innovative, industry-leading features. He or she identifies the opportunities and scope to build a perspective. The Product Manager role includes driving the strategy, tactics and delivery timelines of the product area.
Senior Product Manager: A Senior Product Manager role involves working with Product Leaders in order to contribute and execute product strategy. He or she looks at the broader product process. A Senior Product Manager is responsible for leading the Product team.
Director of Product: The Director of Product is responsible for developing and driving the Identity product roadmap and critical capabilities from concept to customer. He or she makes innovations by applying the identity experience and best practices.
Product Manager Jobs and Salaries
Associate Product Manager
Contractual/Permanent
- Average Salary 97377
Job Description
The role of Associate Product Manager involves contributing to problems and solution discovery efforts. He or she conducts interviews of internal stakeholders and customers as well as researches, develops and runs experiments.
Salary Description
The salary of an Associate Product Manager varies depending on industry and employing organisation. The average Associate Product Manager salary is Rs. 1168523 per annum.
(Source: Glassdoor)
Senior Product Manager
Contractual/Permanent
- Average Salary 200000
Job Description
A Senior Product Manager is responsible for communicating the product strategy. He or she involves executives and key stakeholders in the strategy if required. As a Senior Product Manager, one must possess a deep understanding of the product and market knowledge.
Salary Description
The average salary of a Senior Product Manager varies depending on candidates’ skills , knowledge and experience. The average Senior Product Manager salary in India is Rs. 24,00,000 per annum in India.
Director of Product
Contractual/Permanent
- Average Salary 438367
Job Description
A Director of Product spends a considerable amount of time researching the market landscape where a product lives in. He or she tracks the latest information on the competition. DOP improves the product development processes.
Salary Description
The average salary of a Director of Product varies depending on candidates’ skills, knowledge and experience. The average Director of Product salary is Rs. 5260406 per annum in India.
(Source: Glassdoor)
What is the job outlook for Product Manager?
You may give a start to your career by working in a Product Management role. In a smaller organisation, you might be the only Product Manager. Associate Product Manager gets promoted to the role of Product Manager after an experience of 2 to 3 years. After five years in product management, individuals may get the opportunity to manage a small product team and further move to senior roles. The job titles of Product team members are usually Product Manager, Product Owner or Head of Start, Director of Product, Vice President of Product and others.
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Frequently Asked Questions for Product Manager
Que. What is the average Product Manager salary?
Ans.The average Product Manager salary in India is Rs. 1500000 per annum, according to Glassdoor.com.
Que. What is the minimum requirement to become a Product Manager?
Ans.The minimum requirement to become a Product Manager is successful completion of an undergraduate degree in engineering, computer science, marketing, management or business management.
Que. What are top Product Manager colleges?
Ans.Top Product Manager Colleges:
Que. What are top Product Manager employers?
Ans.Top Product Manager Employers:
- Amazon
- Magic Lab
- HSBC
- PayPal
- Uber
- Salesforce
- Microsoft
Que. What is the average fee for an MBA ?
Ans.The average fee of MBA ranges from Rs. 12,00,000 to Rs. 23,00,000.
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Did you know?
Fact 1
The 7 per cent graduates of Harvard Business School opt for a career in product management.
Fact 2
On an average, only 5 percent of the Product Managers have coding skills.
