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Table of contents
1.
Introduction
2.
Who is Product Manager?
3.
What is the Domain of Product Manager
4.
What are the Responsibilities of Product Manager
5.
How to Become Product Manager
6.
How can Product Manager improve/contribute to the Company and Society?
7.
Product Manager Salary
8.
Skills of Product Manager
9.
Future Picture of Product Manager
10.
Top Companies for the role of Product Manager 
11.
Frequently Asked Questions
11.1.
Who is the product manager?
11.2.
How challenging is the Product Manager?
11.3.
How to develop a product strategy?
11.4.
What kind of pay might a product manager expect?
11.5.
What makes you the best candidate for the job of Product Manager?
12.
Conclusion
Last Updated: Mar 27, 2024

Roles and Responsibilities of Product Manager

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Introduction

Hello, ninja! In this article, we will cover the roles and responsibilities of Product Manager, including who is a product manager, the domain and responsibilities of the product manager, the salary and future scope of the product manager, and various other things about the product manager.

Introduction

Let’s first dive into who is a product manager.

Who is Product Manager?

Product Manager

A person responsible for developing products professionally for an organization is called a Product Manager.

A product manager acts as a bridge between marketing and tech, basically engineering.

They maintain the product relationship among customers, developers, and sales & marketing.

customers, developers, and sales & marketing.
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What is the Domain of Product Manager

Below is the domain of PM(Product Manager):

  • The Product management of the whole product from the ideation stage to the launch staproduct's launch stage, launch metrics, and everything.
     
  • PMs have to solve the problem of users by finding their pain points.
     
  • PMs define the product’s vision and sketch what success looks like.
     
  • They have to account for how things will be, how designers will work, and how engineers will reach the timeline.
     

There are different types of Product Managers as follows: 

Tech Product Manager (build a technical product and have a sound knowledge of technology & stack involved), Growth Product Manager(focuses on how the engagement will go up & how users are interacting with the product), Designer Product Manager(designs and prepare the look of the product and develop the functionality of the product), Business Product Manager (decides future of products in terms of marketing, operations & finance). 

Now we discuss the roles and responsibilities of Product Manager.

What are the Responsibilities of Product Manager

Below we discuss the responsibilities of the Product Manager.

  • Examine the product’s demand and market fit.
     
  • Define product vision, product roadmap, as well as product positioning.
     
  • The product manager has to do extensive research before starting the creation of the product.
     
  • Emphasize the features of the product.
     
  • Product managers specify the product's roadmap, which includes the guidelines to follow when developing the product.
     
  • Coordinates with the sales, marketing, and engineering teams for various aspects of the product launch.
     
  • Track product performance.

How to Become Product Manager

Below is the Roadmap for a PM:

  • Complete a degree in technical fields like computer science engineering or IT engineering.
     
  • Pursue MBA after technical education.
     
  • Acquire certification related to product management.
     
  • Apply for internships at first entry-level domains like Junior Product Manager or Associate Product Manager to gain industry experience.
     

You can also grab a position as a Product Manager from non-technical areas by networking if you possess soft skills like self-motivation, analytical thinking, passion, prioritization, attentiveness, and listening skills.

How can Product Manager improve/contribute to the Company and Society?

Product Manager contributes to the company by accepting and solving challenges faced by the organization, like how to be number one in the market, optimize financial and other resources, and product failure.

It is the Product Manager’s creativity with the product to get the most out of the product’s lifecycle for the benefit of the company and users.

Product Manager Salary

The product manager is one of the most powerful careers in the corporate world. It is one of the most paid and rewarding jobs. So you might be thinking about the salary drawn by the Product Managers.

Product Manager Salary

As we have seen in the salary structure, sometimes companies get biased regarding degrees while hiring. Top 1 tier colleges are preferred to higher salaries than tier 2&3 tier colleges. Still, after some time, they start getting equal salaries, e.g., in the range of ₹11-₹23 lakhs ₹23 lakhs can be offered to tier-1 graduated students compared to tier 2 & 3 graduated students.

Salary

**The salary mentioned above is only an estimate. The actual salary may vary.**

Skills of Product Manager

Some of the Skills of a Product Manager are mentioned below:

  • Working cross-functionally is a product manager's biggest skill.
     
  • User empathy is a must, so you should understand what a user thinks, their problem, and how you will solve it.
     
  • Then comes user experience and the user interface; this is more what designers and user experience research would do, but as a Product Manager, you need to lay the roadmap for your product and flow.
Skills
  • Communication and prioritizing because you might have to make quick decisions as you will face “do or die” situations.
     
  • You need to be a quick learner as the people in all the domains(customers, developers, sales & marketing) keep changing.

Future Picture of Product Manager

PM’s final destination is leading the company by becoming CEO of the product. By the time they are addressed as mini CEOs. You would be surprised to know that Satya Nadela and Sundar Pichai both were Product Managers at first.

Future Picture of Product Manager

So the future of Product managers is promising as it’s waiting for you with both hands wide open.

We all know that many start-ups have been taking place in the last five years, and it's still exploding, leading to the demand for Product Managers. This will not stop here and will continue in the coming decades. 

Now we will cover the roles and responsibilities of Product Manager at top companies.

Top Companies for the role of Product Manager 

Companies hiring Product Managers are:

  • Amazon 
  • Facebook
  • Google
  • Flipkart
  • OLA
  • Paypal
  • Uber
  • Myntra
  • Microsoft
     

As we have discussed the roles and responsibilities of Product Manager, we now move into the FAQ.

Frequently Asked Questions

Who is the product manager?

A product manager acts as a bridge between marketing and tech, basically engineering.

How challenging is the Product Manager?

Direct entry into this position is not an easy-level job. Only you are eligible for this high-profile position; you must first get experience in this field through a variety of internships and gain knowledge at the industry level.

How to develop a product strategy?

To develop a good product strategy, you should first identify your target market, understand the problem and define product vision, current stage and target conditions, and most importantly, execute the strategy.

What kind of pay might a product manager expect?

Comparatively to tiers two and three graduates, tier-one graduates can receive offers in the region of 11 to 23 lakhs.

What makes you the best candidate for the job of Product Manager?

You are the ideal applicant for the position of product manager because of your diligence, honesty, and self-confidence. To be a successful product manager, you must achieve all the requirements outlined above in the section roadmap to become a Product Manager.

Conclusion

We understood the roles and responsibilities of product manager in detail. We also explored the domains, skills, salary, and future of a product manager. 

We hope this article will help you on your journey as a Product Manager as we have covered everything about the roles and responsibilities of Product Manager. To know more about Product Managers, check out these articles:

Check out the Samsung Interview Experience to learn about Samsung’s hiring process.

Happy learning!

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