Product Managers Can Double Their Salary Every 3.5 Years | Supreet S. | The AltUni Career Show Ep. 1
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- Опубликовано: 15 ноя 2022
- Supreet Singh is the Founding Partner of Native, one of India’s leading portals for hiring senior professionals. Supreet is also a a career mentor, having personally guided 1000+ early professionals break into their dream careers.
In the first episode of AltUni’s Career Show, Ankit Doshi, Founder of AltUni | InsideIIM, and Supreet get on a candid conversation on all-things Product Management. Starting from what makes Product Management a lucrative career option, to how Consumer Goods companies influenced digital-first products, they have covered everything in this episode!
If you’re looking to break into a career in Product Management, we recommend you to check out AltUni’s Certificate Program In Product Management. You will be eligible for a Global Immersion program in Dubai, work on live projects, and get interview opportunities at QuoDeck, Apollo Finvest and Zopper! Check the program details here: bit.ly/3Ed9Ast
According to Supreet, careers in Product Management are in demand because of the digital economy and rise of startups, primarily fueled by VC money. And the demand will have an upward trajectory over the next decade as well.
A PM with a couple of years of experience can earn anywhere between INR 15 LPA to INR 30 LPA. The range is high because at times, candidates graduating from the tier 1 institutes will earn more. But over a point of time, it all depends on the quality of work of the candidate.
Check Out InsideIIM’s Product Management Salary Report Here: bit.ly/3AjIGxZ
When it comes to income growth, engineering and product management professionals working in the digital economy will experience higher-than-average growth. Supreet believes that if a software engineer is a cutting-edge coder, then switching to a career in product management will not make much sense from a monetary perspective.
Supreet shares that if it’s a tech-first company such as Google, then the engineering team will have a higher monetary compensation as compared to product managers, and have dominant power over PMs.
Ankit and Supreet further discuss the inception and evolution of Product Management. You’ll be amazed to know that careers in product management started in the early 1900s, and is not a new career option! Consumer Goods companies have influenced the current-day digital-first products.
In the last segment, Ankit and Supreet discuss the future of salary trends in Product Management. If you’re in the right company and the right sector, then your compensation will double every 3-3.5 years!
Watch the video to know more about careers and salaries in product management!
In the next episode, we will deep-dive into breaking into a PM role. Stay tuned!
Do leave your valuable feedback in the comment section!
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Looking To Upskill And Become Amongst The Top 0.5% Earners In India? Check Out The Programs On AltUni Here: bit.ly/3tzm5cZ
Check out AltUni’s Certificate Program In Product Management. You will be eligible for a Global Immersion program in Dubai, work on live projects, and get interview opportunities at QuoDeck, Apollo Finvest and Zopper! Check the program details here: bit.ly/3Ed9Ast
5 years exp as Develper in IT, Will this course help me move into a product manager role? What about placements?
Don't get fooled by salary. If you have genuine interest in product management then go for it. Else never enter into it, very stressful job. Need to interact with lot many people. You should have very good technical and people management skills.
Curious
Is it as draining(time and mentally) as investment banking or consulting?
And what are the skills you're talking about here
@@Machaivelli super draining
Sahi bole really stressful
Extremely draining ...
People say consultancy is very tough...finance is very tough....now pm is very tough...What should a person do then.
I am a tech architect and been in the IT industry for the last 12 years. Earlier PM role was not in so much demand but now it has become the goto job for many beginners.
Always try product management as a shadow resource in existing company. Never join new company as a product manager. Get some experience in existing company then go for it. First see how you like it for few months.
As a Product Manager, working in tech at a market leader company, I completely agree with everything Mr. Supreet said. Truly loved his insight ♥️
Thanks a lot for this appreciation, Syed
The AltUni Career Show will bring more such guests, This is just the beginning.
Check out AltUni’s Certificate Program In Product Management. You will be eligible for a Global Immersion program in Dubai, work on live projects, and get interview opportunities at QuoDeck, Apollo Finvest and Zopper! Check the program details here: bit.ly/3Ed9Ast
Need of the hour, Ankit.
Really liked this format, straight forward questions & answers.
If you could add one more point of discussion around "What exactly is the work on a day to day basis the said role actually perform in a company" that would be lovely.
Great initiative.
Looking forward to more.
Hi Pradyumna, thank you for the kind words and for your suggestion. We have covered a plethora of videos on the day-to-day work of PMs and other professionals. Please have a look!
If you're interested in a career in Product Management, we recommend you to check out AltUni's Certificate Program In Product Management here: bit.ly/3Ed9Ast
Highly inspiring for a CAT 23 aspirant like me.
Stay tuned for the second episode! You may also check out AltUni's Certificate Program In Product Management here: bit.ly/3Ed9Ast
Motivating!
Thank you! Stay tuned for the second episode! You may also check out AltUni's Certificate Program In Product Management here: bit.ly/3Ed9Ast
Can i opt for product management from the field of customer service of 6 yrs experience worked in bankingsector completed my bachelor's in 2014 ..with maths, statistics and computers....
Is this relevant for finance professionals?
I am doing product management from IIIT Hyderabad full time mtech... Product manager salary is going to be average of 16 lpa for freshers
Love it that the host is speaking Hindi on and off. PM hain, angrez thodi 😎
Exactly, Aditya! Stay tuned for more such episodes! :)
For a management or non tech student PM is better of business analytics.?
Completely depends on your inclination.
Both project management (PM) and business analytics are valuable skills for management or non-technical students, but they have different focuses and applications. The choice between the two depends on your interests, career goals, and the specific industry you're targeting
I have 4 yoe in PM and total experience 5 years, have been unemployed for a year now, and not even getting 8 LPA salary.
Hey, please check the recording between 0:56 to 1:00. There is a video glitch. Thanks for the content
Thanks for the feedback, Stay tuned for more such Interviews and videos.
0:55 audio mismatch
Hi, we aplogise for the error on our end. We will ensure we don't make such mistakes going forward.
🎓🎓
Did you like the interview? Tell us your opinion
Stay tuned for more such stuff
Which MBA stream is there to be a product manager?
Hi Shubham, an MBA degree is not a mandate to become a Product Manager. You're looking to build a career as a PM, we recommend you to check out AltUni's Certificate Program In Product Management here: bit.ly/3Ed9Ast
Tech MBA
I'm an architectural designer and want to transition to a PM role. Being from a construction background and transition to a corporate section, how will i be welcomed as i would be judged as i don't have any exposure in the sector. And aslo I've got suggestions that its better to get into data analytics and then later work up to be a PM. Please give a realistic insight as i do have huge interest solving fundamental problems and growth oriented mentality.
Hi Ramsheed, why don't you write to us with your contact details? Our career counsellor will get on a call with you, and help you understand more about your query. Please write to us at kounsel@insideiim.com
@@InsideIIMKonversations hey hi, i also want to consult from your career counselor. Do I have to follow the same process.
A student from BBA aiming to enter PM can he do it.? Is it full of technical or a non tech guy can make it.?
Absolutely! A student from a BBA background can certainly pursue a career in(PM. While some technical knowledge may be helpful, project management is not exclusively limited to technical skills.
Is doing masters MEM abroad better or doing an MBA better to break into product management?
It will depend on the number of factors.
@@InsideIIMKonversations like ?
For a fresher it is a strict no to start your career with product management
Why
@@natejacobs8716 it is a very stressful job....w/o professional experience difficult to perform day to day task
I am currently working in IT , Kabhi ghusna chahiye product mngt mein ? any ms degree abroad which will help to break into product or Mba karna hi better hai ?
@@sparshraikar4333 first directly try to work with the product manager and try to understand about the job. If possible work as a shadow product manager in the same company. I cracked the product manager job, after 6 months I changed to my previous role. I did nott like to work with people without any authority. It requires power to bring some change. In product management without any authority you have to bring the change in the system which is very difficult for many.
Students with finance background. How easy is it to transition
Yes, Ashwani you can go for it.
AltUni’s Advanced Product Management program is a distinct one & here's why!
Learn in-depth concepts with top PM experts from Booking.com, Flipkart, Microsoft, Atlassian, Citrix, Amazon, etc.
You'll learn the advanced frameworks & tools that successful Product Managers use
- You'll work on Live Projects with our partners & get 5+ certifications post-completion.
bit.ly/3Ed9Ast
@InsideIIMKonversations I am a sales professional in FMCG industry for almost 8 years, and want to pivot to PM, would that be a good decision ?
If you have sufficient experience in business functions such as sales, you could make the transition.
Check out AltUni's Certificate Program In Product Management. You will be eligible for a Global Immersion program in Dubai, work on live projects, and get interview opportunities at QuoDeck, Apollo Finvest, and Zopper! Check the program details here: bit.ly/3VdfkJQ
If you're in software sales at an enterprise level, you can make more than a PM
Enterprise sales really earn more? It's similar at best I think but maybe you are right
@@subarashi516 well it's a v difficult job tbh, at high level it's a mix of selling and consulting
But yea enterprise sales ppl get paid a lot but ofc the pressure is also high
Sales is worst
Do people in HR also get this high salary?
This should answer your question: bit.ly/3hRzZEM
The absence of UX Design voice in this conversation is appalling.
Sir please guide me
Master union applied finance kpmg course
Sir please reply
Please me guide am apply this course yes or no
This course real and fake only fees ke liye ho
Sir please reply
Sir please reply 🙏🙏🙏🙏🙏🙏
Hi Tushar, we can't comment whether you should go for the program or not. It's a decision that you need to make. We recommend you to do your due research before going ahead. You may also take a look at AltUni's Certificate Program In Corporate Finance (bit.ly/3TPdZaF) and Investment Banking (bit.ly/3hQwCOr)
I am product manager … I agree with everything he said .. My only advice don’t go for PM if you are already in development role with over 5 years of experience and PM role only attracts you due to money… you will make far more money in development role …
Thanks for watching this interview.
We have more such PM videos, check them out: ruclips.net/p/PLMYr1HHzGSR2kMB_5hg_OD9nGLf3jBSOs
@@InsideIIMKonversations bhai padh to le maine likha kya 😅
Bro magar coding itna strong hona chaiye
Hey Harshit I would like to connect with you somewhere and have a chat. I am developer and want to transition into PM role. Let me know if it's possible.
@@sohanagate3037 what developer you are and how much exp
I'm Earning 40 lakh in software engineering, but want to shift to product management
Check out AltUni’s Certificate Program In Product Management. You will be eligible for a Global Immersion program in Dubai, work on live projects, and get interview opportunities at QuoDeck, Apollo Finvest and Zopper! Check the program details here: bit.ly/3Ed9Ast
I was also curious, pretty much no video covers scenarios like these where you are already a high-earning software engineer... Does it make sense financially to move into product management ?
@@mrfred456123 that is my biggest dilemma, to switch or not. They just want to sell courses and nothing more
A tag of IIT, IIm always gives a higher compensation.... Even selection is better with tag..... That's how the world works.
We are not denying the advantages Tier 1 College tag gives you.
At the same time, We at AltUni believe that opportunities to earn a higher salary should not be limited to just IIT/IIM Students.
Here we are with yet another certification course, AltUni’s Certificate Program In Product Management. You will be eligible for a Global Immersion program in Dubai, work on live projects, and get interview opportunities at QuoDeck, Apollo Finvest and Zopper! Check the program details here: bit.ly/3Ed9Ast
@@InsideIIMKonversations i am already a APM, certification is of no help. What ever u r gonna teach is basic or just preparing for interview. I hv spoken to Head of PM, director PM, etc they all said certification is getting gyaan not real experience. Already there is enough resources available.....
All these people r just lying that tag doesn't matter.... I know what's working after talking to head PM, no one says directly but say it indirectly
IIT,IIM is the unicorn of our country, but it does not mean tier 2 grads go hungry
@@saurrabhsinghkushwaha4684 hey Saurabh even i want to transition into APM role, is it ok if we can connect somewhere and have a chat about it ?
10:03 choice of words matter a lot for a host. Sad that profane language is considered cool the moment they think about tech industry.
Total fraud dude
Management consultant vs product management
🎴Who makes more money
???
Watch this video to know more: ruclips.net/video/6KE3HhZLPQ4/видео.html
A student from BBA aiming to enter PM can he do it.? Is it full of technical or a non tech guy can make it.?
Absolutely! A student from a BBA background can certainly pursue a career in(PM. While some technical knowledge may be helpful, project management is not exclusively limited to technical skills.