Accelerate Your PM Career Trajectory in 2022! [+Webinar]
Let’s learn from experts about how PMs can accelerate their careers with the right personal development plan.
As salaries continue to rise and career paths continue to widen, it isn’t surprising that Product Management currently ranks third on Glassdoor’s list of the best jobs in America (climbing up from fifth in 2019), with over 14,000 job openings. Product Management roles are highly coveted because of their overall importance to a company’s success and the opportunities they present for growth. The journey along the product management career path can be an exhilarating one with several possible deviations.
As you look towards career advancement, strengthening your skills across all dimensions, at some point, is key to success. As the skills set required for manager advancement differs from those for leadership roles, you’ll want to invest in the right development for your near-term personal growth, while also aligning with the career growth plan for the team. One thing is certain: training prepares you for promotion, and we’ll explore why.
This webinar provides viewers with the critical skills needed over the progression of years of experience and over the progression of titles, based on the insights and findings of the second edition of the Product Management Skills Benchmark Report from the 280 Group. Here is a sneak peek at what this live webinar thought us.
Training as a Differentiator
“Fewer than half of the product managers feel prepared to play the roles expected of them or grow into future product leaders.” McKinsey & Company, The Product Management Talent Dilemma Because Product Management is such an interdisciplinary role, there is no fixed path from where to start – many people migrate to Product Management mid-career and often from other fields, such as engineering, marketing, business analysis, or general management. It may not be immediately obvious how the knowledge and experience you’ve acquired can be applied directly to Product Management. However, training can help identify how to best take advantage of your transferable skills, then start to level the playing field.
Most product professionals would agree that training is a great way to improve and expand their skill sets. Across all levels of experience, product professionals who engage in formal training are 12.3% stronger in skills critical for success in their roles, compared to those without training. Training is a differentiator.
Which Skills Matter, When?
Product Managers need to focus on different skills at different times in their careers to advance. By now, you are likely very much aware that the role of the Product Manager encompasses a broad range of responsibilities and requires at least 15 hard and soft skills. While improving all your skills is important, apply your time and effort into developing skills in the right critical areas for the next level of your career. Armed with this knowledge, you can demonstrate interest, skills, and scope ahead of the much sought-after Director role – – which, by the way, requires strength in Strategy, Pricing, and Product Launch.
Well-rounded skill sets can take you from one position to the next, but the advantage is knowing and growing along the right skill sets or dimensions at the right time. An assessment tool can help you navigate your career path by providing an understanding of how your skills compare against a global benchmark, across industries, and how best to get to your next milestone.
Career Paths Align with Team Growth
How do you prepare for promotion and signal that you are interested in the “next level up”? Which enablers will advance your career within the growth of your team? Product Management is largely a leadership role. Initially, it involves demonstrating mastery of the hard skills within the team, but then it requires some soft skills development. There are two excellent ways to grow and expand your own skillset, while enabling others to grow, as well:
• Find a Mentor. A powerful and effective way to increase your skill set and advance your career is by finding a mentor. How do you get a mentor? Just ask! Most people enjoy helping others and love sharing their expertise.
• Leverage Your Strengths. For skill sets in which you are ahead of the curve, consider how you can help others grow. This is where you put on the mentor hat, not only to learn more but to become a star in your field. Think of it as networking your way to the top – both inside and outside of your own company a two-fold approach to making connections and self-improvement.
We have only scratched the surface in this post of the breadth and depth of the Product Management vocation and the opportunities that lie within. This webinar explores how to develop the right skill sets, use the right tools, and take good advice for career advancement.
1. Download the Product Management Skills Benchmark Report 2nd Edition from the 280 Group.
2. Take the Product Management Skills Assessment to see how you measure up and what steps you can take to advance further in your career.
3. Find information about our upcoming webinars and register to continue growing as a Product Manager.
About the Author
Roger Snyder is a Principal Consultant/Trainer, and VP of Marketing at 280 Group.
Roger has worked in the field of Product Management for over 20 years, with experience in startups, growth companies, and various technology sectors. He specializes in improving product strategy development, implementing full product lifecycle processes, and roadmap development and evolution.
280 Group is the world’s leading Product Management training and consulting firm. We empower Product Professionals with the knowledge and tools to create products that matter.