Product manager jobs are important careers in the tech space. From concept to launch, you will oversee the development of a product, making sure that new items are produced as effectively as possible and that those responsible for their creation have access to the newest tools and methods. Additionally, you will handle continuous development of the product by listening to consumers, learning what new features they want to see, and collecting and analyzing usage data and user input. This aids in the creation of a product roadmap and helps you decide what features to prioritize or eliminate, as well as what will and won’t be feasible for the product in the future.
As a product manager, you might concentrate on your product’s final consumers. As an alternative, you may be a technical product manager who focuses more on the actual product development. For this kind of position, you’ll need to have engineering and/or design expertise.
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Top Industries to Consider for Product Manager Jobs
It is hard to find an industry in the Western world that isn’t experiencing significant disruption due to the astounding technological advancements that are occurring almost everywhere. For example, you can now send money to a friend from your phone and adjust the thermostat in your home a few degrees from your office at work. One of the most stable industries in contemporary history is television. The TV model was remarkably (forgive the pun) stagnant for decades. Networks sold advertising time on their air as the main source of income. Network operators broadcast their broadcasts live to every television simultaneously as part of the distribution model. Additionally, the content stayed relatively stable, including one-hour dramas, half-hour comedies, game shows, and news programs.
Of course, today’s highly disruptive technologies and innovations—from YouTube to the DVR to streaming services (and now content providers in their own right) like Netflix and Amazon—are entirely upending that multibillion-dollar sector. We think that this is one of the greatest periods in product management history. Businesses of all stripes are in dire need of intelligent, skilled people to assist them in recognizing the opportunities and risks in their rapidly evolving industries, as a result of the widespread disruption that is upending so many industries.
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The Internet of Things
For many years, the word “IoT” was just another obscure acronym that we heard on business shows and tech blogs. But the Internet of Things has officially arrived as well, a thing now that our automobiles, thermostats, refrigerators, and watches are all becoming connected devices. Therefore, if you’re seeking a job in product management, this industry fits both of the requirements we’ve listed here and should be investigated. First, a lot of money is being spent by the industry. By 2020, 20 billion IoT devices will be connected, according to Gartner researchers, given the rate at which new gadgets are being developed and embraced. There are some intriguing issues facing this sector as well.
Because both the technology and the user experience are so new, they are in relatively unexplored territory. Therefore, many of these new IoT device producers won’t be aware of it. The issue of security is another. The need for innovative approaches to improve the security and privacy of these devices is highlighted by recent breaches of IoT-enabled devices. These were typically carried out by hackers simply demonstrating their ability to carry out the assaults effectively. In light of all of that, the Internet of Things is probably going to be a fantastic sector to work in in the years to come.
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HealthCare
Although it may initially appear to be a dull, outdated sector of the economy, the healthcare sector is now booming with innovative new technologies, quickly evolving regulations, and a larger share of the national economy than ever before. Think about how innovative this industry is becoming. Nanotechnology research, the science of creating tools like medical devices atom by atom, is currently receiving billions of dollars. This allows medical scientists and doctors to create tools with only the qualities they desire (like strength or translucence) and none that they do not (like porousness, for example). Or think of wearable medical technology, which is another category of IoT-enabled gadgets.
Patients are now providing doctors and medical personnel with real-time health readings via the Internet, apps on their cellphones, or wearable technology like watches or bracelets. Old industry that’s boring? Not very likely. Additionally, healthcare satisfies our other two requirements. It has money to start. Lastly, there are significant issues facing the healthcare sector. Take, for instance, the fact that every company that has even a passing relationship with the healthcare sector must keep an eye on the Affordable Care Act, which has evolved from a 1,000-page bill to an estimated 20,000 pages of federal regulations. It will present some intriguing challenges to develop items for this market while adhering to this extensive set of legal restrictions and perhaps accepting future revisions.
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Banking and Finance
This is another industry that may appear uninteresting and static, but technology and a shifting regulatory landscape have sparked an exciting time of innovation and change. The consumer banking industry has produced a plethora of amazing technological advancements in the last few years alone. For instance, bank customers no longer need to physically deliver checks to the bank; they can now use the camera on their smartphone to take pictures of their checks and deposit the money online.
Additionally, as we previously said, consumer banking clients can now use their mobile devices to transfer funds across their accounts. Banks and other financial institutions are bringing their stodgy, outdated operations into the twenty-first century in dozens of other ways. There will be a lot more innovation coming from this sector because these companies have a lot of money to spend, some of which you might be able to influence.
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Entertainment
It is hard to imagine a sector that affects us more profoundly, more regularly, and is seeing more radical transformation than the entertainment business. Nowadays, musicians are becoming well-known by interacting directly with millions of followers on social media, YouTube, and Spotify rather than through the conventional channels of major record labels and radio play.
From streaming services like Netflix to upstart networks creating their TV series, the broadcast and cable TV networks are currently up against a barrage of new competitors. To help them figure out how to adapt their products to this strange new market, you might want to work for one of the major record labels, broadcast television networks, or film production businesses. Or perhaps you would rather work for one of these innovative new firms that are revolutionizing the entertainment sector, such as Hulu, YouTube, Apple, or Spotify.
5 Best Companies to Find Project Manager Jobs
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Meta
Whether you refer to it as Facebook or Meta is irrelevant. There is no denying that it is among the top organizations for product managers. As you may be aware, Meta is now concentrating on immersive social experiences rather than 2D screens. Product managers who decide to collaborate with Meta are influencing the direction of digital connections as the firm constructs the metaverse. Furthermore, Meta PMs are renowned for mastering the greatest analytics techniques, including comprehending metrics and their effects on products and the company overall.
In addition, this organization is now seeking Product Managers in the AI/ML space, which will enable you to contribute to the development of significant breakthroughs in machine learning. Financial Benefits (including paid internships, matching 401(k) contributions, tax and legal advice, and support for health and wellbeing). There are workplace benefits, such as employee/business resource groups and flexible work arrangements. Product manager jobs pay from £175,000 to £390,000 annually. Also, there are bonuses, equity, and stocks, for a total compensation range of £216,000 to $1.53 million. Director and Leadership PM positions: base pay of £442,000 to £506,000 annually plus bonuses, equity, and stocks (total compensation may vary from £2.06M to £3.23M).
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Google
From the beginning, Google has aimed to provide a unique work environment. In the process, the business has emerged as one of the world’s leading employers. There are plenty of reasons to desire to work as a PM at Google, particularly when it comes to pay. Working at Google as a product manager is rewarding and difficult. Google PMs assist in the creation of the company’s cutting-edge and revolutionary products, as well as its ongoing AI and machine learning projects, by collaborating closely with designers, software engineers, and marketers.
Google offers excellent pay, work-life balance, and a significant (global) impact on your job, according to some reviews from current and past product managers. There are also a ton of advantages and luxurious work perks. Any employee, including a PM, may transition between positions within the organization. Great people, competitive pay and benefits, and a strong mission and culture will all be present.
Associate PMs, PMs, and Senior PMs make between £200,000 and £320,000 annually. There are bonuses, equity, and stocks (a total that can range from £222,000 to £633,000). Leadership PMs to VP positions: base pay of £401,000 to £612,000 annually plus bonuses, equity, and stocks (a total compensation range of £975,000 to £3.38M). Additionally, Google provides one-on-one financial mentoring for its Product Managers and other staff members, as well as reimbursement for student loans for educational opportunities related to the role.
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Uber
Uber is undoubtedly one of the greatest places to find product manager jobs because it is the largest ride-hailing service in the world and one of the largest food delivery services. Uber has transformed how people commute from one location to another by aiming to make transportation dependable and easy for everyone. Product managers are currently more drawn to the company’s move to a business-to-business (B2B) model, even though it is well-known for its B2C strategy. PMs are expected to be rewarded for coming up with more creative approaches to enhance transportation solutions.
Additionally, Product Managers can train, evaluate, and implement solutions that can forecast a wide range of business KPIs. This is to support the enhancement of the product portfolio. Uber provides its PMs with several advantages. There are plans for disability, health, and life insurance. Also, there are reimbursements for well-being (e.g., gym memberships and fitness clothing). Parental leave and employee aid programs exist. Grants for family planning (for adoption, IVF, or fertility treatment) are available.
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Amazon
Although Amazon employs more (or roughly the same number of) product managers as any other company, you should be aware that these roles are highly competitive. One of the main reasons for this is that Amazon is among the top employers for project managers. Product managers adore structure and organization, and Amazon provides just that.
As your career progresses, you will continuously improve your PM and other technical abilities. This is because Amazon places a strong focus on upskilling. The corporation wants to provide free education and training. This includes Amazon’s emphasis on effective communication. This not only helps you in your current role with the organization, but it also comes in handy if you decide to move jobs. Excellent communication abilities cannot be replaced. Product manager jobs pay from £206,000 to £237,000 annually. There are incentives like bonuses, equity, and stocks, for a total compensation range of £261,000 to £390,000. Principal, Director, and VP PM positions: £283,000 to £380,000 annually plus bonuses, equity, and stocks (total compensation may vary from £621,000 to £1.06M).
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Apple
Apple managed to refine its products for consumer use and carve out a niche for itself in the cutthroat computer and smartphone market. Apple is a great place for product managers to work because of its ability to produce distinctive features. Fortunately, this global corporation, which is renowned for providing incredible benefits and a great work environment, is always hiring for product manager jobs. Apple gives its workers enough paid time off (PTO) in order to maintain a positive work-life balance. The corporation provides stock purchase plans, employee product discounts, and subsidized lunches. They also provide parental leave, Apple University (seminars, programs, and resources outside of the classroom), and more. Apple keeps pushing the limits of technology. This is achieved by developing wearables, augmented reality, and artificial intelligence (AI). All of these enable the company’s product managers to realize their full potential in terms of improving their products.
Product manager jobs pay between £201,000 and £218,000 a year in base pay, bonuses, equity, and stocks. The total compensation can range from $268,000 to $292,000. Leadership positions and senior product managers make between £263,000 and £363,000 annually. These are in base compensation plus bonuses, equity, and stocks (a total that can range from £407,000 to £941,000).
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Microsoft
Microsoft does not require an introduction. Since 1975, they have operated in the technology sector. Even though the company has been in the business for a while, it is changing with the times and now permits employees to work from home. Depending on their role, Microsoft Product Managers may be tasked with overseeing multiple SaaS products at once or concentrating on only one, given the scale of the organization. They typically provide support for post-development activities, product roadmap creation, and market research. With the release of its generative AI tool, Copilot, which expands the options for AI PMs, Microsoft is also making significant strides in its AI ambitions.
Online reviews indicate that Microsoft places a high priority on staff development and offers opportunities for professional progression. Additionally, the company places a high value on inclusivity and diversity among its employees. According to Glassdoor evaluations, Microsoft’s aggressive technological breakthroughs, great engineering, and diversity in terms of working in different software development sectors are what most employees admire about their jobs there.
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NVIDIA
After continuously ranking in the Top 10 in prior years, the international tech giant NVIDIA, which develops and produces graphics design units (GPUs), has risen to the second position on Glassdoor’s “Best Places to Work” list in 2024. The company’s atmosphere and fantastic benefits are what current and past employees prefer to highlight, according to a considerable number of internet reviews. PMs can make up to £407,000 a year.
As of the time this article was written, NVIDIA had more than 500 positions available for Product Managers, making it the perfect place to work where PM abilities are respected and paid well. The business offers pre-tax savings, health and life insurance benefits, and more. Additionally, the world’s largest industries are changing as a result of NVIDIA’s product advancements in the AI/ML and virtual reality sectors. NVIDIA is one of the greatest options available to AI PMs.
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Conclusion
Product manager jobs are the centre for change. If you are passionate about creating user-friendly tools, a product manager job can launch you into a profitable career. There are product manager jobs to fit unique skills and open opportunities. This field goes beyond providing income to empowering people. With product manager jobs, there are chances to collaborate with people and solve problems.