Topic:
From Beginner to Modern Product Manager with Just One Course!
What you'll learn:
Build any digital product from end to end
Create a culture…
Product managers oversee product development, the process of launching a new product to market or improving an existing one, from ideation to release. Here’s what to know about a product manager’s salary, needed skills and how to become one.
Product managers lead all aspects of product development and implement strategic product decisions. They work to bring cross-functional teams together on the vision of a product and prioritize development based on customer needs.
Product managers guide product strategy, outline product roadmaps and direct efforts toward making the final product a good experience for end users.
Product managers are usually part of a product team within a company. They may collaborate with product analysts, product designers, company executives and similar roles to do their jobs. They also tend to report to senior product managers or the director of product management.
Product managers orchestrate essential operations of successful product development. They are a big reason why certain product features — like a chat feature in an app, or theme customization for a site — get prioritized and launched to certain specifications.
Product managers candidates are often expected to hold a bachelor’s degree in business, economics or a similar field. Some may also earn a master’s degree in business administration (MBA), product management or a similar field.
Product managers will need to obtain two or more years of experience in product management, product development or similar roles. Knowledge in the areas of market research, product roadmapping, product strategy development, economics, project management and effective communication are also recommended.
Product managers may start as product analysts, project managers or business development specialists before stepping into product management. From this point, product managers can progress into a senior product manager role. Finally, professionals may move into a director of product management, vice president of product or chief product officer role.
Product managers, sorted similarly with marketing managers by the U.S. Bureau of Labor Statistics, will see jobs grow 10 percent by 2031.
The full compensation package for a product manager depends on a variety of factors, including but not limited to the candidate’s experience and geographic location. See below for detailed information on the average product manager salary.
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