How does the salary progression look like for tier 1 IIM/ISB MBA grad working in product management in FAANG or top startups like Zomato, Swiggy, Cred, Make my trip, Flipkart etc.?

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Product Manager: Salary progression post MBA in FAANG/best startups

Product Manager

Product Manager: Salary progression post MBA in FAANG/best startups- Grapevine

What is the future scope of the PM job role...will it still be relevant after 10 years, Is going to IIMs spending close to 25 lakhs in this economy to get into a PM job role justified??
Context: I know many people will say you don't need IIM to break into PM, But considering I'm a 25 Male, from tier 3 college...currently working as a product designer with 8 lpa...so I think the only way to reach 25-30 lpa in hand by 28 is by joining IIMs

Is getting into IIM to get into PM role justified?

Welcome to Product Managers's Private Community

Product Analyst at faang+ 
CTC - 20.5 lpa full cash

Vs

APM at Series C (climate tech Startup)
CTC - 27.5 lpa ( cash + ESOP)

Which one is better for career progression
Like APM at a startup or a PA in big MNC

Salary comparison

Growth Manager

I am a frontend engineer in a startup with a CTC of 7. I am also from a tier 3 engineering college graduated last month.
I want to become a product manager in the future. 
So my question is what things I should to achieve my goal. Will doing an MBA help me, if yes which is more better MBA from old IIM’s, ISB or global MBA ?

MBA for product manager role

Frontend Engineer

How would you compare India-based product roles at MNCs (like Google, Microsoft, Amazon, Walmart, Uber) with PM opportunities at India-based tech startups (Flipkart, Inmobi, Zomato, Swiggy, Ola)?

What are the gives and gets?

PM at MNCs vs Indian startups?

Investor

Tier 2 IIT non circuital
Currently in 4th year
Have done good product management interns
( 6 interns at good companies- healthtech , skilltech , B2B SAAS , Fintech, Edtech (1 unicorn 3 good companies))
Short term goal is to work in product
Long term do startup 
Believe to easily get a package around 16 lpa (PPO on campus)

Is MBA worth it directly as a Fresher

Currently working at a fintech startup (1+ year) as a Product Operations Manager. B.Sc + MBA (new IIM, 2020-22). ~3 years pre-MBA experience with ZS and PwC  in analyst roles.

Drawing ~19LPA in my present role (after hike). Am I overpaid/underpaid/optimally paid?

Salary Benchmarking

Program Manager

I want to know the right time to switch?
How much time should someone with 5-7 yrs of experience in product / business strategy spend in one company (ideally)?

Context: 
I am in a product strategy role where I am working with the founders and leadership team.
I have done engineering and MBA from tier 1 colleges.
I have 2 yrs of pre MBA and 4.2 yrs of post MBA experience. My Annual compensation is the range of 35-40 lpa.
Post MBA, I have done a startup for 1.5 yrs, worked in 2 unicorns for 1 yr each.
In a serious B funded startup right now with 9 months of experience.

Right time to switch?

Biggest query:
Does this career move make sense? Or should the aim be towards a Manager position after spending 6+ years in Product Management?

Switch advice: SPM w/ 6+ YOE --> Management Consultant

Management Consultant

Welcome to Business Roles's Private Community

For anyone graduating from a tier 1 college in undergrad and have a job in Software engineering / Customer Success/ Product success/ Product consulting  , is a tier 1 MBA worth it if you want to pivot to Product Management. 
 
Is it true that all the top PM roles are taken by people who have a tier 1 MBA?

Is an MBA worth it in 2023?

Product analyst

I work as a PM in a B2B SaaS startup and have an overall 4 years of experience all of which is in product management. Now, feeling a stagnant in growth and salary. I was wondering if I should try for an. MBA from IIMs or ISB?

My current package is around 36 LPA. I do not want to change my field and I like being a PM. Then does MBA make sense for me in long term?

Is MBA worth doing for me?

Saw some misguided student post about PM internships. This is for anyone considering a PM internship.

DONT.

A fresher should not be going into Product Management. Focus on building hard skills first. You need an edge/alpha in your career strategy while reducing risk.

Atleast work for 1 year in the industry in a hard skill role. Then, think about transitioning.

This does two things.

1. You have a core differentiator compared to other candidates: Engg/ Design/ Sales/ Data Science/ Analytics.

Having a PM internship is not a good enough differentiator. No company would hire a Product Management intern over someone with hard skills in another domain. 

Product is different. In SDE, it makes sense to have multiple internships as it gives confidence to the recruiter that you’ll be able to do your job.

In PM, no recruiter worth their salt will consider a PM internship contributing to you being a successful PM. Your internship doesn’t contribute anything meaningful to its ability to communicate your skill.

2. You realise if you’re getting into a field because it’s a fad or you’re genuinely interested in it.

I’ve seen many such freshers switch into product and get into suboptimal orgs. Don’t. Do your career a favour and work on your hard skills. That alone will contribute a lot more to your Product Skills than some poor internship.

As a GPM at Gojek, I will never hire anyone who has done a PM internship unless they have a solid track record in a hard skill based role.

You can only be a good “enabler“ if you can empathise with a “builder”. 

Can you be a PM out of college, YES? Should you? NO.

You’ll realise this later in your career. First gain experiences building/enabling real products, you’ll thank yourself for that when it helps you build better Products. 

Also, stop listening to these charlatans who masquerade as Product Gurus. They are out to make a quick buck. Don’t do these Product Courses. It’s all a farce. First, get some experience and then you’ll know

Why you shouldn’t do PM internships?

What is going salary for freshers in product roles these days? (Both Product Analyst and Associate Product Manager roles)

APM/Product Analyst salary expectations

Hi all,

As the title suggests, I want to break into FAANG and companies like Uber, Walmart, MSFT and the likes but unable to do so. 

A bit about me:

BITS Pilani 2021 grad. I have ~3 YOE as a PM, 2 years at a major ecommerce unicorn and now, I'm at a relatively mid series C startup. I had to quit that unicorn because of toxicity and health issues, I still kind of regret it.

For my next move, which I'm planning in the next 2 years, I want to get into FAANG+ companies, but I'm afraid that since I'm not working at a company like Swiggy/Flipkart or a company of equivalent brand value, I won't be able to make it even past the resume screening. 

What should I do from here? Is it impossible for me to get into the companies I have mentioned?

What should be my path to becoming a FAANG PM?

Welcome to Software Engineers's Private Community

Can people who have been at FAANG for 4-5+ years share what their salary progression has been like?

I came to know recently about someone where the first year TC for a L5 position at Google was 1.54cr where the base was 60.5 lpa. Assuming one starts at 1.54cr (which in my mind is already quite inflated for someone with 8 year experience), what would their salary progression look like?

Salary progression at FAANG

Software Engineer

Hi everyone,
I'm working in a pre-sales role at IBM. I completed MBA in 2023 and I feel that IBM is bit slow and bureacratic. I was hoping I would be able to switch to a startup. But I have a few questions -

1. Do startups pay well for MBA based roles too or is it only the dev team that get paid well? My comp at IBM is 25 LPA and I would like to be within similar range.

2. How do you find primarily about jobs in startups? Is LinkedIn the best source or are there other more effective methods to know about openings?

3. Do startups hire MBA folks with ~1 years of experience in MNCs or do they primarily look for fresh out of college people only? Is profile switch possible (i.e. from sales to finance/operations/supply chain etc)

Jobs for MBA freshers in startups

Sales

Questions:

1. What was your job title pre and post MBA? 
What kind of an expectation did you have before going for an MBA?

2. How did the degree help you in terms of career growth, salary hikes?

3. Anybody who's started up post the MBA? If yes, how did it help?

Any product manager who has done an MBA from ISB or ivy league? If yes, please comment 🥺🙌

Currently 3+ Yrs of Exp
TPM at a Unicorn
TC: 21 (Excluding Stocks)
College: VIT Vellore, CSE BTech

Up for a promotion this October. Will move to SPM

Want to move into a FAANG PM Role. 
I feel getting shortlisted is very difficult

Should I do an MBA to get there?
Don't want to spend time on CAT prep
Have given GRE - 320, GMAT - 700

Also, want to stay in India

How to get shortlisted for FAANG PM Role?

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.

Longevity of a product career

Will commend you on a very well written and well articulated post. 
  
 Options for the future will be apparent at ~40.  Most peak roles will be achieved between 45-50. 
  
 Possible exits: 
  
 1. Running Category roles at companies which have a broad canvas, multiple product categories. 
 2. Deputing for and eventually running a P&L or a LoB. 
 3. Sales or more critically Customer Success.  Don't shy away from revenue responsibilities. 
  
 Engineering is a sharp left turn imo.  It's not an overlapping skillset at best and don't see how that is part of a PMs likely roadmap.

Sales Manager

I’m considering a switch to Mumbai as my wife has better opportunities there. Any suggestions on good product management opportunities in Mumbai? 

Generally I’ve seen decent PM opportunities in  Dream11 and Hotstar only but unsure of the growth in them too.

I’m expecting a product culture similar to startups in Banglore, is that a realistic expectation? 

P.S. I have 4 years workex building consumer facing products

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