Therefore, start by getting certified for a PM role by recognized industry names. You’ll learn about the essentials and get closer to securing your first job. In the United States, the average salary for a Data Product Manager is $156,482 per year, which is about $75.23 per hour. Entry-level positions start at $130,328 annually, while experienced professionals can earn up to Senior/Lead Product Manager (EdTech) job $197,979 per year.
Product Vision
- Depending on where you work, you may also find opportunities to gain product-specific knowledge.
- Advanced roles involve multivariate testing, predictive modeling, and scaling growth teams.
- Continuous learning and adaptability to market trends are also essential to get into the product management realm.
- Who you communicate with throughout the day plays a role in how you communicate with them.
- Your job is also to make a pilot program and run beta with early-stage products and samples.
Senior product managers are usually part of a product team within a company. They directly manage product managers and tend to report to a director of product management or development. Continuous skill development is key to advancing your career in product management. Product School offers free micro-certifications that are perfect for budding product managers, especially the Product Strategy Micro-Certification. Leverage your existing skills and experience, and seek out educational opportunities Coding like Product School to build a strong foundation.
The Growing Demand for Product Managers
Geography, demographics, and diverse user contexts—each factor contributes to a complex ethical equation that you, as an AI Product Manager, must balance with care. This responsibility transcends the product—it’s about the impact on society. Your role is to discern whether to invest in building a bespoke model or to adapt pre-existing technologies.
How Did You Land Your First Product Manager Job?
Balancing the focus between technology and people, choosing between building in-house or buying, and developing a good data strategy are all part of the AI-enhanced PM journey. A Data Product Manager uses data to drive product decisions and development. They handle data analysis, work with SQL, and utilize data visualization tools to inform product strategies. Advanced roles require knowledge of machine learning applications, advanced analytics, and setting a vision for data-driven products. Understanding the typical career progression in product management can help professionals chart a clear pathway from entry-level to leadership roles.
- If you’re in this phase of your career and are looking for a sounding board, here is a breakdown of other product managers’ 10-year career goals from our recent State of Product Management Report.
- Considering that this industry will continue to experience a significant boom, anyone hoping to pursue a career as a principal product manager should keep an eye on trends and tendencies in the IoT sector.
- You can learn more about what a product manager actually does in this guide.
- However, lead product managers can earn a competitive salary range on average.
- Entry-level positions start at $130,328 annually, while experienced professionals can earn up to $197,979 per year.
- They help set goals and motivate the product team of engineers, designers, marketers, and researchers, with the primary concern of ensuring that a product launches and continues to do well in the market.