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[THREAD] Thinking to Switch from PM role

Hey folks. I am a PM with 1 YOE. I make a lot of unforced errors and have been in bad situations because of poor communication too. Although, I try my best to communicate everything and anything. The founder just hear me speak and not to hear specifically. I am gradually feeling, that maybe I am not good enough to survive in this role. On the other hand, I am pretty much interested in finance. Am above average in hard skills named as Financial Modelling, Financial Statement Analysis, Deal Structuring and Valuation Techniques. I read pre IPO papers to understand more about industries and sectors. Do financial modelling for the same companies to check if I am on the right track or not. How can I switch to a finance role maybe? Or what other fields should I explore to get out of this. I have graduation in BTech. P. S. - Need some serious help. Thanks in advance.

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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.