What are some ways product managers can grow their careers outside of product management?

Personal Development
23 views3 Comments
VP of Product Management in Banking, 10,001+ employees
Product managers are Mini CEOs of their Product and understands Business and Technology well. There are lot of avenues for them to grow their careers beyond Product management like:

1. Strategy and Consulting: With their holistic view of products, markets, and customers, product managers can transition into strategy or consulting roles. They can help organizations define and execute their strategic direction, conduct market research, perform competitive analysis, and drive organizational change.

2.Entrepreneur: Many product managers develop a strong understanding of market needs, customer insights, and product development processes. This knowledge can be applied to starting their own ventures or joining early-stage startups. As an entrepreneur, product managers can create their own products and have a more comprehensive business impact.
Director of Product Management in Services (non-Government), 10,001+ employees
Product managers can find opportunities in many fields outside product management. Some of them are listed here
1. Digital transformation expert/leader in service or bpm or retail/manufacturing companies
2. Solution consultants in services, products and technology companies
3. Knowledge champions or process experts for domain specific expertise
4. Move to Growth and marketing space
5. With good pricing and finance background one can move to account management too
6. Customer delivery management roles
7. Move to technical delivery/solution leadership within product company for integration and automation experts
8. R&D/Innovation Center lead roles
Global Product Director - Retail Media Platforms | Personalisation Science | Media Measurement in Services (non-Government), 1,001 - 5,000 employees
Given the cross-functional nature of the product manager role, there are multiple opportunities for the PMs to expand their horizon by paying attention on a day to day basis on how to influence company strategy, understanding financial planning and analysis, marketing and positioning of the products, industry trend analysis etc.

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