Don't become a product manager | Summary and Q&A

TL;DR

Learn about five reasons why product management may not be the right career path for everyone.

Key Insights

• 👓 Product managers contribute to the strategic direction of a company, but they are not the ones who set that direction. They need to align themselves with the strategic goals determined by leadership and evangelize that direction to the rest of the team.
• 🧩 Product management is a fluid job that requires adaptability and flexibility. The tasks and priorities of a product manager can vary greatly depending on the product, feature, and strategic direction, which may not be suitable for those who prefer a consistent and structured schedule.
• 💼 Being a product manager comes with a significant responsibility, especially in a tech company where the product is the foundation of the business. Product managers are accountable for the success or failure of releases and new product features, and many stakeholders depend on their ability to develop successful enhancements.
• 🌟 Product managers often find themselves in the spotlight, regularly doing presentations and representing the core of the company. If you are uncomfortable with being in the spotlight and prefer a less visible role, product management may not be the best fit.
• 📊 Advancing to a management position with direct reports may take longer in product management compared to other careers. Product managers often have to lead without authority, meaning they must influence and guide others without having direct control. It can take several years of experience and growth as a senior product manager before obtaining direct reports.
• 🎯 Product management requires a combination of strategic thinking, empathy, and strong project management skills. Despite the challenges, it can be a rewarding and exciting career path for those who enjoy the blend of strategy, creativity, and execution.
• 💡 It's essential to consider other career options if any of the mentioned challenges in product management scare or deter you. Understanding the nature of product management and its unique demands can help individuals make informed decisions about pursuing this career path.
• 🎉 Congratulations to Justin, who landed his first product management job after watching videos and doing the necessary work. Celebrating successes in the product management field and sharing personal achievements can inspire others and create a supportive community.

Transcript

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Questions & Answers

Q: What does a product manager do?

A product manager is responsible for aligning with the strategic direction of a company and determining which product features or new products to build. They collaborate with various teams to bring these ideas to life and into the hands of customers.

Q: How does the role of a product manager differ from that of a CEO?

While product managers contribute to the strategic direction, they are not the ones setting it. Leadership, including the CEO or chief product officer, typically determines the strategic direction.

Q: What are some challenges of being a product manager?

One challenge is that the role is very fluid, with different expectations and priorities for each project. Additionally, product managers often face the pressure of being responsible for the success of product releases and enhancements, which can be a lot of pressure.

Q: Do product managers have direct reports?

In product management, it can take several years, possibly a decade, before a product manager has direct reports. The role requires leading without authority, so managing direct reports often comes later in one's career, usually as a senior product manager or product lead.

Q: What are the presentation requirements for product managers?

Product managers are often in the spotlight and frequently have to give presentations about the product to various stakeholders within the company. They play a crucial role in evangelizing the product and ensuring that the organization is informed and aligned.

Q: Is product management a rewarding career path?

Yes, product management is a strategic and fulfilling career path, offering opportunities to make a significant impact on a company's product offerings. While it may not be for everyone, those who enjoy strategic thinking, creativity, and collaboration can find it highly rewarding.

Summary & Key Takeaways

• Product managers contribute to the strategic direction of a company but do not set it themselves.

• The role of a product manager is fluid and can vary greatly from day to day.

• Product management is a big responsibility, as the success or failure of product features often falls on the product manager.