Getting a new product off the ground isn't easy. But, as a new product manager, you'll be the one to make this happen. In this role, you'll be in charge of developing products by conducting market research and then combining those findings with general requirements to come up with specifications, timetables, and plans to complete the development of new products.
To launch new products, you'll be expected to effectively gather and prioritize requirements. To succeed in this role, you'll need to have great instincts for identifying potential products. You should also excel in defining product vision and collaborating with engineering staff to deliver winning results.
Some other tasks you'll be expected to perform in this role include defining the product strategy and roadmap, run beta and pilot programs with early-stage samples, and performing product demos for customers.
Product managers should be good communicators with excellent technical expertise and marketing skills. Although product managers may come from various backgrounds, candidates entering this field will typically have a bachelor's degree in business or a related field.
There is more than meets the eye when it comes to being a New Product Manager. For example, did you know that they make an average of $54.42 an hour? That's $113,193 a year!
Between 2018 and 2028, the career is expected to grow 8% and produce 21,800 job opportunities across the U.S.
There are certain skills that many New Product Managers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Detail oriented, Math skills and Analytical skills.
If you're interested in becoming a New Product Manager, one of the first things to consider is how much education you need. We've determined that 69.8% of New Product Managers have a bachelor's degree. In terms of higher education levels, we found that 17.2% of New Product Managers have master's degrees. Even though most New Product Managers have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a New Product Manager. When we researched the most common majors for a New Product Manager, we found that they most commonly earn Bachelor's Degree degrees or Master's Degree degrees. Other degrees that we often see on New Product Manager resumes include Associate Degree degrees or Diploma degrees.
You may find that experience in other jobs will help you become a New Product Manager. In fact, many New Product Manager jobs require experience in a role such as Product Manager. Meanwhile, many New Product Managers also have previous career experience in roles such as Manager or Project Manager.