For Those Who Are Product Managers, how do you like your job?
I am not a product manager, but I did product management for 10+ years both as IC and as a director in a technology organization.
* I have 20+ years in marketing. My first product management job was the most difficult, but taught me skills that have made a much better marketer.
* Product management is usually the center point at an organization. This is awesome, as you have a lot of power but also frustrating as its non stop complaints.
* You will work a lot. The work will be hectic. The work will be nonstop and hard to manage.
* Communication skills is the top need. You need to be able to listen, communicate verbally and in writing.
* the job has a very high failure rate. Most product managers don’t last in the role.
Throwaway. Product manager here for over 15 years from startups to fortune 100 companies, b2c and b2b. Have also held roles in pure marketing and sales too. However, CS undergrad.
Wonderful job, wouldn’t trade it for the world. Agree with other comments here: constantly busy due to being the center of everything (be it a consumer product or a software product) and you’re constantly receiving a firehose of communications and feedback.
Earning potential is higher than many other marketing jobs, and also trains you well for general management positions, if that’s a desire. You will likely not get a big team (direct reports) since it’s a specialist role. From a software perspective, it’s not uncommon to have a ratio of 10 or 20:1 for delivery to product (ie sum of 10 or 20 devs, designers, QA, BA, architects to 1 product manager).
Again from a software perspective, many product managers are woefully incompetent at understanding how to make choices and investments that are long term viable. You’re meant to act like a mini ceo, therefore you must know the industry you’re in exceptionally well. Worst position a product manager to be in is to think they command the troops from on high… no, you are the one getting garbage thrown at you and must figure out how to enable the team to research, clean, and turn it into into a Michelin star meal.
A lot! I came from Digital/Interactive/Video agencies, through B2B product marketing, into product management. Different challenge, but lots of the same skillset applies.
I do both and there’s a lot more earning potential with product management, especially early in the career. If earnings is what you’re looking for. Skill wise, there’s a lot of overlap especially working cross-functionally with other departments.
What’s the difference between a Product Manager and a Product Owner in the web development world?
In agile/scrum environment the product owner is part of a scrum team and prioritize and grooms the product backlog.
Product manager is more of the business side and product owner is on the development