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PROJECT MANAGER VS PRODUCT MANAGER

Hey there! So, I have a friend who's currently an Associate Project Manager at an MNC. He's been doing the technical thing for 1.10 years and recently moved into the APM role. (YOE:2.5ish) The thing is, while the pay and work-life balance are good, he's not feeling all that jazzed about his work and wants to level up his career. He's got his sights set on a Consultant/Product Manager gig and wants our help to make it happen! Here are a few questions we have, and we'd love to hear your thoughts: 1.Would it be worth it for him to go for an MBA, particularly at ISB, to snag that Consultant/Product Manager role? 2.Are there other ways he could make the transition without having to go back to school? 3.How do Project Manager salaries and work stack up against those of Product Managers? Any insights or tips you could share would be much appreciated. Let's help this dude rock his career!

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salt

Gojek

a year ago

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NeitherHereNorThere

Stealth

a year ago

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salt

Gojek

a year ago

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Product Managers on

by HERA

Others

Looking for answers and guidance on my career.

Hi, I'm currently working as a Product Analyst at a promising startup, where I've been working on enhancing product delivery processes, keeping a check on deadlines (part of PMO), and driving client adoption for the past 1.5 years. Here my primary responsibilities involve conducting data analysis of projects and tickets, identifying trends and patterns, and providing insights to inform product decisions. However, I'm not directly involved in the core decision-making processes that shape product strategy. This is my first job and I feel there will be nothing specific that I will own in project management and/or process excellence, there is nothing much to grow in this field, and pretty much anybody can replace this task, *please correct me if I'm wrong. I'm particularly fascinated by the prospect of building solutions that will directly impact our clients hence the real world, developing innovative product strategies, and bringing impact to the business. I have some questions and seeking guidance. Insights, personal experiences, or any guidance will help me a lot. Thanks in advance. - Should I consider pursuing a product management role? - Or should I step toward product strategy? - If I need to get into product strategy, how can I do that? is an MBA a must for this kind of role? - Or are there other avenues that might be more suitable for my current skillset and experience?

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Product Managers on

by Z3r0

Swiggy

Longevity of a product career

Sharing some reflections on this: 1. Product is not a function with a large hierarchy / multiple levels in the ladder. Managerial responsibility comes in very late in the product career and the spans are typically small (relative to other functions like engineering, sales, operations). This also means a steeper funnel to the top and only a handful VP Product roles in the industry. 2. Product is centered around technology and digital consumer trends, both of which are fast changing. This requires constant unlearning and relearning. But more critically, this also means that previous knowledge/experience hits a plateau on marginal value beyond a basic threshold (where you have developed some essential product semse and skills). 3. Product managers are also much higher-paid vs other functional peers, at comparable years of experience. This means that a PM gets to a very high salary (say, 1+ crore) by the age of 40 (15-20y into their career). Tech functions in non-tech companies (like FMCG, banking) cannot offer that kind of pay, meaning salary growth beyond a point is limited to tech-first companies / limiting addressable market for lateral moves. All of these considererd, how should PMs think about the longevity of their careers? Unlike traditional roles, this does not seem like a "retire at 60" job. What would be the realistic age one should plan for, at which career growth and salary growth will stagnate? What are ways in which a 80%ile PM can extend their career (eg: also taking up engineering management or P&L responsibility or growth function etc., to increase scope)? PS: this post is not for the top 5-10% PMs. They will always find roles at VP level etc, this is for the 50-90%ile bucket of PM talent.