How to Become a Product Manager?
The main job of the Product Manager is to make strategic decisions related to product management and provide in-depth expertise required to improve the product. This profile is one of the most important profiles in every industry, especially in the IT and manufacturing companies. Sometimes, Product Manager also has to take care of the marketing and promotion activities required to promote the product. He also works closely with marketing, engineering, sales, and support to ensure customer satisfaction goals are met.
Steps to become a product manager
Earn bachelor degree
Do an internship
Earn master degree
Gain 5 to 7 years of experience in product marketing
5 years of experience in product marketing, strategic consulting or consumer marketing
Experience in project management, relationship management and/or change management.
You need to have a relevant bachelor’s or master’s degree in Business Administration, Computer Science, Finance, Engineering, Economics or Marketing to start strong.
Bachelor’s degree in business or a related field
Those who have completed the bachelors’ degree in economics, advertising, marketing, communications and statistics will be preferred.
Some of the companies hire candidates who have completed a master’s degree in management.
Bachelor’s Degree in communication
Bachelor’s Degree in management
Bachelor’s Degree in marketing
Bachelor’s Degree in economics
MBA in product management
MBA in marketing
MBA in communication
You need to have excellent time management skills, should be able to work best under pressure, and handle tight deadlines.
You can expect to earn somewhere around 7-8 lakhs per year when starting out. And when you add profit sharing to the mix, you get an additional 50,000 to 1 lakh added in your pay.
Product Manager salary is The US: $108,642
Product Manager salary is The UK: £48,170