Skip to main content

Product Management As A Career

Product Management As A Career

Summary

  • The product managers set the vision for the product and integrate their knowledge of technologies, various marketing techniques to enhance user experience, and thus maximizes the bussiness value of the product. Their main focus is on healthy functioning of three vehicles namely, the technology, designing and the users.

Career Opportunities in Product Management

How to Pursue a Career in Product Management

StreamGraduationAfter GraduationAfter Post Graduation
Path 1
Clear Class XII in any StreamPursue Graduation in Any Discipline for 3-4 yearsPursue M.B.A in Marketing for 2 years-
Path 2
Clear Class XII in any StreamPursue Graduation in Any Discipline for 3-4 yearsPursue Certificate Course for 1 year in Product Management-

Important Facts

NA

Leading Institutes

Top Institutes in India to Pursue Product Management
CollegeLocationWebsite
Indian Institute of Management - AhmedabadAhmedabadwww.iimahd.ernet.in/ 
Indian School of Business -HyderabadHyderabadwww.isb.edu 
Indian Institute of Management - BengaluruBengaluruwww.iimb.ac.in/ 
Indian Institute of Management - KolkataKolkatawww.iimcal.ac.in/ 
Indian Institute of Management - LucknowLucknowwww.iiml.ac.in/ 
Xavier Labour Research Institute (XLRI)Jamshedpurwww.xlri.ac.in/ 
Faculty of Management Studies - DelhiDelhiwww.fms.edu/ 
S.P. Jain Institute of Management and Research (SPJIMR)Mumbaiwww.spjimr.org/ 
Indian Institute of Management - IndoreIndorewww.iimidr.ac.in 
Indian Institute of Management - KozhikodeKozhikodewww.iimk.ac.in 
TISS - Tata Institute of Social Sciences - MumbaiMumbaiwww.admissions.tiss.edu/ 
Management Development Institute, Gurgaon (MDI)Gurgaonwww.mdi.ac.in 
MICA - Mudra Institute of Communications Studies - MumbaiAhmedabadwww.mica.ac.in/ 
Apeejay School of Management, Delhi (ASM)Delhiwww.apeejay.edu/asm/ 
WLC College India, BangaloreBangalore, Karnatakawww.wlcibusiness.in/ 
Narsee Monjee Institute of Management Studies - (NGA - SCE)Mumbai, Maharashtrawww.distance.nmims.edu/ 
Top Institutes in the World to Pursue Product Management
InstitutionLocationWebsite
Northwest UniversityUSAwww.northwestu.edu/home/
Harvard Business SchoolUSAwww.hbs.edu/about/Pages/default.aspx 
The Wharton SchoolPennsylvaniawww.wharton.upenn.edu/ 
INSEADSingaporewww.insead.edu/ 
Stanford UniversityUSAwww.stanford.edu/admission/
London Business SchoolUKwww.london.edu/ 

Important Entrance Exams

Postgraduate
InstitutionTentative DateImportant ElementsWebsite
CATAug-SeptQuantitative Aptitude; Verbal & Reading comprehension; Data Interpretation & Logical Reasoningwww.iimcat.ac.in/per/g01/pub/756/ASM/WebPortal/1/index.html?756@@1@@1 
GMAT/GRE – Anytime over the yearJanVerbal Reasoning, Quantitative Reasoning and Analytical Writingwww.isb.edu/pgp/admissions/admission-calendar 
XATAug-NovVerbal and Logical Ability; Decision Making; Quantitative Ability & Data Interpretation; General Knowledge.  Also includes Essay Writing as a part of the test.www.xatonline.net.in/ 
SPJETOct-DecQuantitative Aptitude; Verbal & Reading comprehension; Data Interpretation & Logical Reasoningwww.spjain.org/programs/undergraduate/entrance-test
TISS-NETDecGeneral Awareness, English Proficiency, Logical Reasoningwww.admissions.tiss.edu/admissions/ma/programmes/ 
MICAT I MICAT IIEnd of Sep– Nov (for MICAT I) Jan (for MICAT II)MICAT – Psychometric, Verbal Ability, Quantitative Ability, General Awareness, Divergent-convergent Reasoning, Descriptive testwww.mica.ac.in/postgraduate-programme/selection-process-and-timelines 
AICETAug– DecQuantitative Ability, Communication Ability, Analytical Ability, General knowledge & Current affairswww.admissions.wlci.in/aicet-2016.html 
NMATJuly– OctLanguage skills, Quantitative skills, Logical reasoningwww.nmat.org.in/test-takers/dates-and-fees/ 

Work Description

  • Have a deep understanding of customer experience and identify and fill product gaps
  • Generate new ideas for the product to grow market share
  • Create new products or strategies based on market and consumer research
  • Determining a product's pricing based on exhaustive reach of competition and target customers
  • Convert product strategy into detailed requirements and prototypes for development
  • Work closely with multiple stakeholders like management team, engineering team and marketing team
  • Evaluate promotional plans to ensure that they are in-line with product strategy
  • Be Responsible for the creative, innovative side of business as well the analysis and strategy end sides
  • Lead product launches by coordinating with public relations team, analysts, executives and other marketing team members.

Pros & Cons of a Career in Product Management

Pros
  • Get to explore various fields such as technology, designing, marketing, etc.
  • Remunneration is good
Cons
  • They are the stratergy leader, therefore if a product doesn’t do well, they are accountable for that.
  • Should be good at influencing, in order to align work to others.
  • Have to come up with new ideas, which can be tedious.

Comments

Post a Comment

Popular posts from this blog

Robotics As A Career

Robotics As A Career Summary Robotics is a branch of engineering which deals with the making of robots. Robots are programmed machines which are able to carry out tasks autonomously or semi- autonomously for the better working of the company. It involves designing, building and programming of phsycial robots, to troubleshoot the problems in various domains of operations and manufacturing. This is very useful in fields including transporation, manufacturing, production, medical, army, etc. It is an interdisciplinary branch of mechanical and electrical engineering. Career Opportunities in Robotics Space Research Medical Private Organizations Entertainment Investigation Banking How to Pursue a Career in Robotics Stream Graduation After Graduation After Post Graduation Path 1 Clear Class XII with Science with Maths stream Pursue B.Tech/B.E in Robotics/Mechatronics Engineering Pursue M.Tech in specialized branch of robotics Ph.D in the area of spe...
Post a Comment
Read more

Actuarial Science As A Career

Actuarial Science As A Career Summary A course in actuarial sciences equips you to scientifically assess risk in various fields, but mainly in insurance, business and finance. Actuaries are an important component of risk-assessment as well as risk-management for any organization. They use various statistical, mathematical and computational methodologies to give their assessment. Some of the job responsibilities of this job profile in life and general insurance business include designing and pricing of policies, monitoring the funds, recommending fair rate of bonus where applicable, insurance risks like legal liability, loss of profit, etc Career Opportunities in Actuarial Science Insurance Sector Business Sector Banking and Financial Services Health and Medical Sector How to Become an Actuary Stream Graduation After Graduation After Post Graduation Path 1 Clear Class XII in any stream Give Actuarial Common Entrance Test (ACET) and complete Cer...
Post a Comment
Read more

Commerce As A Career

Commerce As A Career Summary Commerce related careers are a backbone to all other careers, which take care of the functional processes of an organization in terms of accounting, finance, banking, auditing, taxation, and various other tasks. To pursue this field, an individual requires to have an inclination towards the affairs of corporate finance and/or stock markets as well as inner financing. The growing Indian Economy is opening immense opportunities in the Commerce field particularly in sectors like accountancy, business administration, e-commerce, taxation as well as international economics. Also with the liberalization, Indian economy has opened up capital market for foreign investors along with domestic investors. Many employment opportunities have been generated for individuals in the field due to the heavy flow of capital into the capital markets. Career Opportunities in Commerce Chartered Acccountancy Banking Business Finance Management Auditing and ...
Post a Comment
Read more