What does a Product Manager do?
Product Managers typically work for corporations across industries that create and sell products for consumers. They work closely with Product Engineers to ensure the creation of quality products and consult with marketing professionals about how to market products to the public. Their job is to relay information between product teams and upper management and compile reports to propose new product ideas. They may also be responsible for managing the manufacturing process for products and deciding the product production rate based on consumer responses.
Product Manager skills and qualifications
A Product Manager should have a passionate dedication to their craft and a desire to work with peers that inspire them on a daily basis. While specific skills and qualifications may vary depending on position and employer, typical skills and qualifications included in a Product Manager job description include:
- Excellent written and oral communication skills are required since the Product Manager has to communicate with team members, other departments, upper management and consumers of the company’s products
- Expertise in the product or market including specific technical or industry knowledge
- Superior project management and interpersonal skills
- Ability to maintain a keen attention to detail, multitask and work well under pressure
- Natural tendency to be curious, positive and creative
- Team player who collaborates well with others
- Sincere empathy for the customer and a commitment to delving deep into the challenges they present or experience
Product Manager salary expectations
A Product Manager makes an average of $106,773 per year. Salary may depend on level of experience, education and the geographical location.
Product Manager education and training requirements
Most Product Manager positions require a bachelor’s degree in business or a related field such as economics, communication, advertising, marketing or statistics. Depending on the industry, a bachelor’s degree in engineering, agriculture, technology or other areas related to a specific industry might be more appropriate. Product Managers typically obtain training on the job by working at lower-level positions.
Product Manager experience requirements
Employers generally prefer people with experience both in the product development area and experience in the employer’s industry. Employers also look for expertise in other areas of management where the applicant had to deal with problem-solving, decision making, time management, leadership and other similar soft skills required for the Product Manager position.
Job description samples for similar positions
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