They are doing good. Look at anyone who has been a PM in 2010 in LinkedIn. Most of them are either CPOs or VPs and last I know some of their salaries were around 3Cr + without ESOPs
It won't happen to the current crop of PMs when they are 40 since this is an overcrowded field now
Yes every other person is a product manager
Unless you become DoP by then, you are at risk of competing with youngbloods.
For a PM to be above 40, they’d have to be at least 2005 graduate. Indian startups started hiring PMs in droves only in 2014 onwards. So, the base is too low to engage. Most of the PMs before 2009 were in big cos like Google, Yahoo, Microsoft. They would have stuck there or launched their companies or become DoP and above in startups.
The Ken article is more about the WITCH and less about startups.
Sharing some reflections on this:
Will commend you on a very well written and well articulated post. Options for the future will be apparent at ~4...
When I joined corporate world in 2012, there were many 45+ and some 55+ folks among us.....
Gradually I have been witnessing slow but steady change in demography.... After 10 years, I am rarely seeing any 55+ folks...and noticeable r...
With the recent influx of talent who are trying to enter the world of PMing just because they overheard that PMs are CEO of the product, and they get paid really well, the bar throughout the industry is decreasing.
While we need more...
Feel this is such a crucial story. The possibility of holding sufficiently dignified jobs in your 40s and not getting replaced by genz
Met a PM from IIT / IIM with 4 years of experience. He is working at a well know soonicorn at a salary of 17 lakhs per year . He used to draw 30 lakhs per year in his last role before we was laid off . Interesting Times ahead
A minute of silence to all the grapevine polls where salary expectations are so high 😁