Product ManagerJob Description, Salary, Career Path, and Trends

Production managers oversee the production process of an organization. They coordinate production activities, which typically include planning workers’ schedules, preparing budgets, and making sure the right resources are available to meet required deadlines. Production managers work with other managers to understand company needs, identify objectives, and clarify requirements. They organize resources and ensure that production runs smoothly and meets all production requirements and deadlines. 

Production managers should be well versed in production procedures and best practices. They must have excellent leadership skills, strong problem-solving skills, and they must be able to meet quality standards while staying within all health and safety guidelines. They are responsible for monitoring production and addressing all issues that may arise. A good understanding of budgeting and tracking production metrics is required, as is proficiency with MS Office and ERP software. Production managers must be able to efficiently manage people and production to optimize the production process.

Sample job description

A product manager oversees the planning, development, marketing, and management of a product. They work closely with clients to understand needs and requirements and create strategies to meet those needs. Product managers should have a good understanding of product and marketing strategies, excellent interpersonal and communication skills, and strong problem-solving skills. [Your Company Name] is seeking an experienced product manager to take our company to new heights. As an ideal candidate, you have experience defining and developing product strategies and in-depth knowledge of the product development lifecycle. 

Typical duties and responsibilities

  • Determine customers’ needs and desires for a product or product line
  • Recommend the nature and scope of present and future product lines to customers
  • Articulate the business value to the product team, so they understand the intent for a new product or product release 
  • Define the release process and coordinate the activities needed to bring the product to market 
  • Identify potential products
  • Conduct product research
  • Produce production timelines
  • Develop marketing strategies
  • Generate and develop new product ideas 
  • Ensure product planning and development integrates customer feedback and requests 
  • Communicate ideas to customers, partners, and internal team members 
  • Work closely with engineers on technical specifications 

Education and experience

This position requires a bachelor’s degree in business or a related field, preferably with classes in marketing, communications, economics, advertising, and statistics. 

Required skills and qualifications

  • Excellent verbal and written communication skills
  • Computer skills, including Microsoft Office Suite (Word, PowerPoint, and Excel)
  • Strong interpersonal skills and the ability to work well with others
  • Outstanding math and analytical skills
  • Solid decision-making skills
  • Expertise in negotiating
  • Keen attention to detail 
  • Ability to delegate tasks to a team
  • Proficiency in research and analysis 

Preferred qualifications

  • Excellent verbal and written communication skills
  • Exceptional project management skills
  • Solid attention to detail
  • Strong ability to multitask
  • Good collaboration and interpersonal abilities
  • Customer focused

Average salary and compensation

The average salary for Product Manager is $80,100 in the United States. Position salary will vary based on experience, education, company size, industry, and market.

LocationSalary LowSalary High
Phoenix, Arizona$79,650 $107,800 
Los Angeles, California$89,850 $121,600 
Denver, Colorado$74,900 $101,350
Washington, DC$91,250 $123,450
Miami, Florida$74,550 $100,850
Orlando, Florida$68,750 $93,050 
Tampa, Florida$69,450$93,950 
Atlanta, Georgia$72,850$98,550 
Chicago, Illinois$83,750$113,300
Boston, Massachusetts$90,550$122,500 
Minneapolis-St. Paul, Minnesota$72,150 $97,650 
New York City, New York$95,350 $128,950 
Philadelphia, Pennsylvania$77,600 $105,000 
Dallas, Texas$75,600 $102,250 
Houston, Texas$74,900 $101,350 
Seattle, Washington$87,150 $117,900 
National Average$68,100 $92,100 

Typical work environment

Product managers typically work in an office during regular business hours, although they may work overtime on occasion to meet deadlines. They work on their computers and attend meetings with clients and internal stakeholders. Some product managers may be required to travel to meet with clients.

Typical hours

Product Managers usually work regular office hours, 9 a.m. to 5 p.m., in an office setting. 

Available certifications

Product managers work in a wide variety of industries, and many institutions offer certifications to help them advance their careers. Here are two of the best certifications for accounts payable clerks: 

  • Certified Product Manager (CPM). The Certified Product Manager credential demonstrates your in-depth understanding of the processes involved to develop new products from the beginning of the product life cycle to product launch. The course includes building case studies, writing business plans, market planning, competitive analysis, product specifications, and more. The course and the exam are available online or in person in a classroom setting. 
  • One Week PM. One Week PM is a 7-day course that teaches you the essentials of product management. You will learn the fundamental roles, practical skills, and methodologies of being a product manager. This includes conducting user research and interviews, defining product specs, developing product timelines, and developing marketing techniques for product management. This course has no prerequisites.

Career path

The path to becoming a Product Manager starts with earning a bachelor’s degree in business or a related field, preferably with classes in marketing, communications, economics, advertising, and statistics. Most employers provide on-the-job training to help an individual become familiar with a product’s features. 

US, Bureau of Labor Statistics’ job outlook

SOC Code: 11-2021

2020 Employment293,700
Projected Employment in 2030323,100
Projected 2020-2030 Percentage Shift 10% increase
Projected 2020-2030 Numeric Shift29,400 increase

One major trend changing the product management field is Product Managers are playing a more significant role. They no longer simply oversee product development or organize team tasks; they now play a role in product strategy and overall customer experience. Product Managers are increasingly seen as leaders within their companies. 

Sample interview questions

  • What is the role of a product manager?
  • What was your most successful product as a product manager?
  • What are the steps to conducting user research? 
  • What strategies do you use for product development?
  • What is the best way to manage a product from conception to launch?
  • How do you evaluate user satisfaction with your product?
  • What are the qualities of a successful product manager?
  • Where do you see yourself in five years?
  • What is your biggest failure as a product manager? What did you learn?
  • How do you stay user-focused?
  • How do you prioritize tasks?
  • How do you know if a product is well designed?

Product Manager Jobs in Ashburn

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