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.
How to Become a New Product Manager
What is a New Product Manager
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.
What Does a New Product Manager Do
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.
How To Become a New Product Manager
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.
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New Product Manager Career Paths
In addition to switching up your job search, it might prove helpful to look at a career path for your specific job. Now, what's a career path you ask? Well, it's practically a map that shows how you might advance from one job title to another. Our career paths are especially detailed with salary changes. So, for example, if you started out with the role of Project Manager you might progress to a role such as Product Manager eventually. Later on in your career, you could end up with the title Director, Product Marketing.
New Product Manager Jobs You Might Like
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Average Salary for a New Product Manager
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New Product Manager Demographics
New Product Manager Gender Distribution
After extensive research and analysis, Zippia's data science team found that:
- Among New Product Managers, 29.8% of them are women, while 70.2% are men.
- The most common race/ethnicity among New Product Managers is White, which makes up 71.4% of all New Product Managers.
- The most common foreign language among New Product Managers is Spanish at 36.0%.
Find the best New Product Manager job for you
New Product Manager Jobs You Might Like
- High Paying New Product Manager Jobs - $167K and Up
- Work From Home New Product Manager Jobs
- Entry Level New Product Manager Jobs
- Part Time New Product Manager Jobs
- Actively Hiring
- No Degree New Product Manager Jobs
Top Colleges for New Product Managers
1. University of Georgia
Athens, GA • Private
2. University of Wisconsin - Madison
Madison, WI • Private
3. University of Minnesota - Twin Cities
Minneapolis, MN • Private
4. Purdue University
West Lafayette, IN • Private
5. Howard University
Washington, DC • Private
6. Ohio State University
Columbus, OH • Private
7. University of Texas at Austin
Austin, TX • Private
8. University of Southern California
Los Angeles, CA • Private
9. University of Pennsylvania
Philadelphia, PA • Private
10. SUNY at Binghamton
Vestal, NY • Private
Find the best New Product Manager job for you
New Product Manager Jobs You Might Like
- High Paying New Product Manager Jobs - $167K and Up
- Work From Home New Product Manager Jobs
- Entry Level New Product Manager Jobs
- Part Time New Product Manager Jobs
- Actively Hiring
- No Degree New Product Manager Jobs
Online Courses For New Product Manager That You May Like
New product development is essential for the survival of many companies in the Hi-Tec sector, as well as other sectors. The percentage of sales of successful business organizations tied to the successful Introduction of new products and services is high. However, the failure rate of new products development projects is also high and therefore there is a need for a methodology based on a well-designed process as well as tools and techniques to manage New Product Development (NPD) projects. Since...
Product Marketing Strategy: Marketing New Product: Product to Market: Product Promotion: New Product Launch Strategy...
This course is the first in the Customer Insights and New Product Development (CIPD) specialization. It will introduce learners to the tools and process of gathering customer insights for identifying and developing new product opportunities. Through an integrated set of five modules and hands-on project experiences, learners will acquire the knowledge and skills to turn their ideas gained from understanding customer needs into innovative new products...
Top Skills For a New Product Manager
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 12.4% of New Product Managers listed Market Research on their resume, but soft skills such as Detail oriented and Math skills are important as well.
Best States For a New Product Manager
Some places are better than others when it comes to starting a career as a New Product Manager. The best states for people in this position are Oregon, California, Connecticut, and New Jersey. New Product Managers make the most in Oregon with an average salary of $134,361. Whereas in California and Connecticut, they would average $127,208 and $119,586, respectively. While New Product Managers would only make an average of $114,439 in New Jersey, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.
1. Oregon
$134,361
Avg. Salary
2. California
$127,208
Avg. Salary
3. Minnesota
$114,236
Avg. Salary
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