Is Product Management a lucrative career option?

Donning a number of hats in a place of work, these multifaceted professionals known as ‘Product Managers’ are in substantial desire in the company entire world all across the globe. But, will solution management carry on to be on the rise in the long term? The newest stats and insights give a straightforward reply to this dilemma.

What do prosperous CEOs like Jeff Bezos (Amazon), Marissa Mayer (Yahoo), Susan Wojcicki (Youtube), and Sundar Pichai (Google) have in typical? They were being all product or service professionals at one particular stage of their vocation journey. In accordance to a major publication, product managers can be helpful for careers in senior management. A domain that welcomes ground breaking folks from all walks of daily life, solution management is about having to pay focus to shopper wants, defining the item daily life cycle, and major the product or service workforce to invent consumer-welcoming merchandise.

It is harmless to say that merchandise fanatics must most surely create a occupation in this booming domain as product management will keep on to fascinate the business enterprise entire world, masking geographical and calendarial distances with wonderful velocity. But to emerge as item leaders, persons have to initial excel as learners by pursuing
product or service management classes on-line.

Between numerous other instruction systems accessible right now, IIM Indore’s
6-month on the internet PG Certificate Program in Product or service Administration in collaboration with Jigsaw (A UNext Organization), is the only application that conforms to the 5i Framework and offers a a person-of-a-kind upskilling practical experience to its learners. Supplying the Product or service Management Certification put up successful completion of the software, it also presents IIM Indore’s Government Alumni Status to fascinated candidates. The sturdy product management study course is additional supported by publish-course exercises, Harvard Company Evaluate (HBR) circumstance scientific tests and the hands-on Carry Your Possess Product (BYOP) aspect.

State of Solution Management in 2022

With 20,000+ work opportunities readily available on LinkedIn by yourself, the merchandise management domain is in high demand in India and overseas. In accordance to
Jobted, the normal salary for a solution supervisor is all-around 246% higher than the countrywide regular income in India. Knowing that there aren’t several highly-qualified pros readily available in the sector, providers do not mind shelling out higher salaries to product or service supervisors. Why would they thoughts if investing in the right pros would open up the gates to elevated corporation revenue?

Naukri.com
1 reveals that even though product administration is amid the most popular industries and expects to have 22 million work openings globally, India has a mere 20,000 solution supervisors now. This could be just one of the sizeable factors for the profitable income packages offered to these multifaceted persons.

Jigsaw’s
on line Solution Administration application intended, shipped & qualified by IIM Indore aims to help the individuals to go by the total products lifetime cycle and help them learn several products administration phases. On top of that, this holistic method gives a unique 5i Framework-based mostly curriculum, with Harvard Organization Case Scientific studies and a BYOP attribute for a ‘do and find out knowledge,’ producing it an great preference for the Future-Gen Merchandise Leaders. The learners from the previous 6 batches of this constrained-enrollment plan agree that the 5i Framework-based pedagogy and the ‘Bring Your Personal Product’ attribute has served them evaluate the newest traits in the business, whilst helping them do the job on real-time examples to solidify the product advancement concepts. For solution administration fans and specialists searching at a greater occupation trajectory or people searching to changeover into item management roles, the foreseeable future is total of rewarding claims.

How shiny is the foreseeable future of product or service management?

Counted between LinkedIn’s
2 25 in-need US careers in 2022, solution administrators and job professionals will continue to be on the increase globally in the upcoming. The solution management industry is envisioned to access USD 31.84 billion by 2025. Hence, for aspiring and existing solution supervisors who are planning to climb additional forward in the area, the long run is as vivid as the sunshine, if not brighter. All that they will need is the correct instruction and mentorship.

Resource:

1. https://www.naukri.com/website/merchandise-supervisor-income-in-india/#:~:text=Products%20management%20is%20just one%20of,
mere%2020%2C000%20merchandise%20managers%20now



2. https://www.linkedin.com/pulse/linkedin-work opportunities-increase-2022-25-us-roles-escalating-demand-linkedin-information/?trackingId=1ObRq9xbQV%2Bx3nvD598TYQ%3D%3D