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Average Salaries Of Product Managersįinding the average salary of a product manager is quite complicated because different sources use different methods in providing answers. The same article also reports that Harvard Business School reports that it is only able to accept one in every three applications to its Product Management 101 course. What Percentage Of Graduates Take Up Jobs As Product Managers?Ī Wall Street Journal article reported that 7% of Harvard Business School graduates took jobs in product management. Consequently, product managers report that they spend 52% of their time on unplanned fire-fighting activities ( Source). Customers also generally tend to have more information, making them more demanding. In this age of the Internet and where information travels at lightning speed, it’s easy to understand why product managers find themselves often involved in an attempt to deal with problems emanating in the late stages of the product development lifecycle. What Is The Gender Balance In The Product Management Space? This indicates a growth of over half a million in about six years. Of course, the actual numbers are likely to be higher because some people may not have profiles on LinkedIn.Ī user of the American question-and-answer website, Quora, reports that a LinkedIn search in 2014 using the words “How many Product Managers are in the United States” revealed that the number was at 146,333. We found that 698,945 individuals listed their profiles as a product manager (August 22, 2020).
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In an attempt to get an idea of the number of product managers out there, we ran a search on the social network for career and business professionals, LinkedIn. How Many People Work As Product Managers? If the product manager role intrigues you, here are 15 statistics about a career in product management you need to know: 1. Added to this, you will need to have a keen interest in competing products, determine the role of the product in the bigger scheme of a business, and define how it will be marketed to the customers. If you love understanding who the customer is, their needs, and why they behave in a certain way, you may do well in a product manager role. The company says that “the role of the product manager is expanding due to the growing importance of data in decision-making, and increased customer and design focus, and the evolution of software-development methodologies” ( Source). This is a view supported by the US-based management consulting firm, McKinsey & Company. As long as a company has a product, it requires a product manager. If you’re looking at a career in product management, you’re in a good place.