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Who is a Product Manager?
Roadmaps are evidence of strategy. Not a list of features. ~ Steve Johnson
A product manager is a professional who determines what a product should do and how it should look like. A product manager analyses customer needs and combines them with company goals to develop a product that satisfies everyone. He or she works in coordination with different departments like engineers, salespersons, and product designers to ensure everyone works towards achieving the company's goals.
A product manager develops strategies and plans to help the employees work towards a common goal that is to develop a product that the customers demand. He or she plays the role of the first point of contact in the organisation for anyone who needs to know about the product. Concerning larger programmes, they work with Technical Program Managers to deliver results.
Quick Facts for Product Manager
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Industry
Finance, Manufacturing, Information Technology
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Average Salary in India
₹213933.33
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Suitable for
Male, Female, Others
A Product Manager career is not restricted to a specific gender. Individuals’ gender has no significance in this career. Anyone having relevant skills and qualifications can opt for a career as a Product Manager.
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Any special needs
Yes
A Product Manager career’s suitability for specially-abled individuals may vary from organisation to organisation. Concerning IT industry, a Product Manager career might be suitable for candidates with special needs.
Table of Contents for Product Manager
What is the role of Product Manager?
A product manager's job includes developing the vision of the product and strategies to achieve the organisation’s goals. The role of a Product Manager involves working with people who contribute to the making of a product as well as those who manage the business to ensure the product meets its requirements.
A Product Manager's jobs involve ensuring that the product is efficient and that people involved in developing it have access to the latest techniques and technologies. He or she listens to the feedback given by users to identify the areas where it can be improved.
The product manager defines the product vision, strategy, and roadmap.
He or she is responsible for gathering, managing, and prioritising customer requirements.
A Product Manager is responsible for working with engineering, sales, and marketing.
A product manager provides support to ensure the business case and customer satisfaction goals are met.
The Product Manager develops the business case for new products and recommends improvements to existing products.
The Product Manager is required to conduct the market research and competitive analysis to understand the customers’ requirements.
Also check in details - Product Manager Job Description & Roles and Responsibilities
What is the workplace/work environment of Product Manager like?
A Product Manager works in an office environment. He or she works standard business hours. The role of the Product Manager involves communicating with senior management, stakeholders, clients, and members of the other departments within the organisation. Skills such as leadership, communication, and teamwork are crucial in this Product Manager career.
Does Product Manager require travelling?
Likely
The travelling requirements in a Product Manager career vary from industry to industry and organisation to organisation.
Employment Shifts
Full Time
A Product Manager works on a full-time basis. There is no hourly basis or part-time work provided in this career.
Employment Nature
Contractual, Permanent
There are both types of employment provided in the career as Product Manager. Candidates can locate employment opportunities through recruitment websites.
Work Place
Office
A Product Manager works in an office environment. On occasions, several organisations may provide work from home to the Product Manager.
Presence in Geographical Area
Semi-urban, Urban
Product Manager jobs come with promising opportunities in urban areas. Product Managers employed at Gurugram earn 24.1 per cent higher salaries than the national average. Product Managers employed at Bengaluru, Karnataka earn 21 per cent higher salaries than the national average.
Time Pressure
Likely
A Product Manager career involves working under frequent time pressure. He or she has to stay organised and perform multiple tasks.
Overtime Details
A Product Manager may occasionally be required to work extended hours depending on the requirements of scheduled tasks or projects.
Weekly Hours of Work
Min 40 Hours
A Product Manager works a minimum of 40 hours per week. The work hours may vary from organisation to organisation.
How to become a Product Manager?
Steps to become a Product Manager
In this comprehensive guide on how to become a Product Manager in India, uncover the indispensable steps, skills, and insights necessary to navigate this dynamic career within the Indian market. From obtaining relevant qualifications to accruing practical experience, unravel the path toward achieving success as a Product Manager in India.
What are the skills and qualities required to become a/an Product Manager?
Aspirants who want to become Product Managers are required to acquire the product manager skills to function efficiently in the work environment. These skills include problem-solving skills, knowledge, and expertise in the field, interpersonal skills, and others. Ere is a list of some skills important for a product manager:
Problem-Solving Skills: A Product Manager is required to define the market needs. Problem-Solving Skill is one of the most important product manager skills. He or she articulated the valuable market problem he or she is solving along with priorities and justification.
Technical Skills: The Product Manager role demands strong technical knowledge or specific domain expertise. He or she runs beta and pilot programmes. A Product Manager is required to review the work in Agile environments and ensure it meets the customers’ requirements.
Domain Expertise: Being a Product Manager, one should possess strong knowledge of the market and product area. He or she must know customer and business requirements. This is especially important for analysing the market and budding opportunities to help the organisation exploit them and provide the customers with demanded products.
Leadership Skills: Product Managers are required to possess strong leadership skills as it is a supervisory role. They oversee the work of team members and guide them. They work in coordination with different departments to ensure that the collective efforts of all the departments are focused towards the same goals.
Popular Online IT Courses and Certifications
Which certifications and internships can be helpful in becoming Product Manager?
Opting for certification courses is always an extra benefit to your existing qualifications, knowledge, and skills. We have provided here a list of Product Manager certification courses. These certification courses may provide help to candidates in upgrading their skills and knowledge.
Internship Availability
Aspirants who want to become a Product Manager are first required to opt for Product Management internships. Product Management internships come with the requirement to participate in demos, training, and workshops. A Product Management intern is required to identify the functional gaps and document the business requirements.
Product Manager Jobs and Salaries
Associate Product Manager
Contractual/Permanent
- Average Salary 91800
Job Description
The role of Associate Product Manager involves contributing to problems and solution discovery efforts. He or she conducts interviews of internal stakeholders and customers as well as researches, develops and runs experiments.
Salary Description
The salary of an Associate Product Manager varies depending on the industry and employing organisation. The average Associate Product Manager salary is Rs. 15.5 lakhs per annum.
(Source: AmbitionBox)
Senior Product Manager
Contractual/Permanent
- Average Salary 200000
Job Description
A Senior Product Manager is responsible for communicating the product strategy. He or she involves executives and key stakeholders in the strategy if required. As a Senior Product Manager, one must possess a deep understanding of the product and market knowledge.
Salary Description
The average salary of a Senior Product Manager varies depending on candidates’ skills , knowledge and experience. The average Senior Product Manager salary in India is Rs. 24,00,000 per annum in India.
Director of Product
Contractual/Permanent
- Average Salary 350000
Job Description
A Director of Product spends a considerable amount of time researching the market landscape where a product lives in. He or she tracks the latest information on the competition. DOP improves the product development processes.
Salary Description
The average salary of a Director of Product varies depending on candidates’ skills, knowledge, and experience. The average Director of Product salary is Rs. 68.9 Lakh per annum in India.
(Source: AmbitionBox)
What is the job outlook for Product Manager?
The job outlook for a product manager is positive in the industry as more and more industries are moving towards innovation and development. A product manager is highly in demand in industries like technology, finance, healthcare, and consumer goods. A product manager is paid fairly in India with several growth opportunities for promotion after excellent performance in junior roles.
Frequently Asked Questions for Product Manager
Que. What is the average Product Manager salary?
Ans.The average Product Manager salary in India is Rs. 1500000 per annum, according to Glassdoor.com.
Que. What is the minimum requirement to become a Product Manager?
Ans.The minimum requirement to become a Product Manager is the successful completion of an undergraduate degree in engineering, computer science, marketing, management or business management.
Que. What are top Product Manager colleges?
Ans.Top Product Manager Colleges are University of Technology, Jaipur, Institute of Product Leadership, Bangalore, VSSD College, Kanpur, XIMR, Mumbai, University of Hyderabad, LPU Jalandhar and IIM Indore.
Que. What are top Product Manager employers?
Ans.Top Product Manager Employers are Amazon, Google, Magic Lab, HSBC, PayPal, Uber, Salesforce, Microsoft.
Que. What is the average fee for an MBA ?
Ans.The average fee of MBA ranges from Rs. 12,00,000 to Rs. 23,00,000.
Que. How to become a product manager after 12th?
Ans.To become a product manager after 12th, pursue a bachelor's degree in a relevant field, such as business, marketing, or computer science, and gain industry-specific skills through internships or certifications.
Que. How to become a product manager without experience?
Ans.Becoming a product manager without experience involves showcasing transferable skills, gaining hands-on project experience, and emphasizing relevant accomplishments on your resume to demonstrate your ability to excel in a product management role.
Que. How to become a product manager after the 10th?
Ans.After the 10th grade, focus on completing higher education by pursuing a bachelor's degree in a related field. Gain experience through internships or entry-level positions to develop the skills needed to transition into a product management role.
Que. How to become a product manager without a degree?
Ans.While a degree is beneficial, you can become a product manager without one by acquiring relevant skills through self-learning, obtaining certifications, and gaining practical experience through internships or projects.
Que. How to become a product manager without MBA?
Ans.A Product Manager role doesn't always require an MBA. Gain industry experience, develop product management skills, and showcase your achievements to secure a position without necessarily having an MBA.
Que. Is an MBA required for Product Manager?
Ans.While an MBA can enhance career prospects, it's not always mandatory for a Product Manager role. Relevant experience, skills, and a strong understanding of the industry can also pave the way to becoming a successful Product Manager.
Que. Is Product Manager a high-paying job in India?
Ans.Yes, Product Managers often enjoy high-paying roles in India, given their strategic importance in product development and market success. Salaries can vary based on experience, industry, and the company's scale.
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Did you know?
Fact 1
The 7 per cent graduates of Harvard Business School opt for a career in product management.
Fact 2
On an average, only 5 percent of the Product Managers have coding skills.
