Deal qualification process for product management

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[Music] hello and welcome everyone to the video on product manager road map 2024 by inteliport what if I tell you there is a role in Crazy Demand right now pays an amazing salary and doesn't need any must of qualification to apply for yes we are talking about the role of product manager so the question is who is product manager what do they do can you become a product manager even without any experience I'm sure you all must have these questions in your mind so in this video we will look into how to become product manager in 2024 but before we begin make sure to subscribe to our intell part YouTube channel and hit the Bell icon to never miss any update from us so we will start by looking into who is product manager a product manager is a professional who is responsible for overseeing the development and management of a product throughout its life cycle what I mean is that they act as a bridge between development team business stakeholder and the customers which ensures the product meets the need of the target market and align with the overall business strategy you all must have a question in your mind that who can switch to a product manager role so whether you are a technical professional business professional Market professionals uiux designer or data analyst you are good to go for the product manager role so the transition to a product manager role can vary based on the specific industry company and the product domain so now moving forward let's try to understand and the roles of a product manager so the very first one is product strategy so the product manager is responsible for defining the overall strategy of the product like they have to conduct market research analyze customer needs and identify opportunities after that requirement Gathering so the product manager collaborates with the cross functional team such as engineering design and marketing to gather the requirements for the product so after that we have road map planning so based on the gathered requirement and the product strategy the product manager has to create a road map for the product so this road map involves the timeline Milestone and the delivery of the product after that launch and marketing so the product manager plays a crucial role in launch of the product they have to work with marketing team to develop goto Market strategies Define target audience and create marketing campaigns once the product is launched the product manager has to monitor its performance and gather the user feedback which ultimately helps in identifying the area of improvement now moving forward let's look into the skills required to become a product manager so the very first skill is technical skill as a product manager you may not write the code but you do have to understand the technology behind your product you also need to know how it is built you need to make yourself familiar with the methodologies process and the tools that the engineering team uses after that the research skills product product manager need to have a deep understanding of their customers and the market so it is important to know how to untangle and interpret the information that comes their way after that we have analytical skills as a product manager you need to carry out a strategy and product plan also you need to measure your progress I mean you will have plenty of product usage data to work with but the number only gives you a partial picture with a great analytical skills you can find patterns and dig into why behind the metrix after that strategic thinking skills so the Strategic thinking skills is critical when defining product vision and the direction you will take to achieve it I mean the success of your product ultimately relies on your ability to think beyond the day-to-day tactical work and deliver a complete product experience that is CPE you must have Financial skills in many ways you are like an accountant for your product so you need to understand how to analyze financial information such as pricing operational cost and recurring Revenue so you can work with the colleagues in finance sales and Business Development to deep in your knowledge and the most important skills that is communication skills so having a good communication skills is very important when it comes to the product management the reason being you have to deal with the cross functional teams I mean you need to translate critical information to Executives developers Market s and salesperson so better you understand that details and communicate with them it would be easy for each of them to do their task well now moving forward we will look into the product manager road map so the very first thing is develop technical skills so some company may ask you some basic coding question related to stag Q Ling list and how to compute time and space complexity so the main reason behind this is that they want to know how good you you sound technically because ultimately you have to deal with the developer teams as well after that gain industry experience working in relevant roles within your target industry can provide valuable insight and understanding of Industry a specific challenges and Dynamics this experience will help you better understand customer needs market trends and competitive landscape consider internship side project or volunteer opportunities to gain industry experience after that soft skill soft skill are essential for a success as a product manager develop a strong communication and interpersonal skills to effectively collaborate with the cross functional teams stakeholders and customers enhance your leadership abilities by refining skills such as decision making negotiation and problem solving after that learn about agile and SC scrum make yourself familiar with the agile methodologies and esrum Frameworks commonly used in product development understand the principle Beyond agile and how it promotes iterative development flexibility and collaboration learn about a scrum ceremonies roles and the artifacts to effectively manage the product development developer customer Centric thinking so a customer Centric approach is a crucial for successful product management invest time in understanding customer needs and behavior through market research service and the customer feedback back learn techniques for creating user personas and customers Journey map to ensure your product delivers value to the target audience learn data analysis and product metrics data analysis is a vital skill for the product managers acquir knowledge in data analysis techniques to make informed decision identifying Trends and draw Insight from data understand key product metrics such as user engagement conversion rates and customer satisfaction to measure the success and impact of your product networking networking is essential to build relationships with the Professionals in the field and stay updated on the industry Trend attend industry conferences webinars and networking events to connect with expert and learn from their experience join online communities and forums where you can engage in discussing and sharing inside with the fellow product managers develop a product portfolio so building a product portfolio showcase your skills and experience to the potential employers work on side project or take a freelance opportunities to gain hands-on experience in the product management highlight your achievements successful projects and the impact you have made as a product manager certifications consider pursuing relevant certifications to enhance your credibility and demonstrate your experties certifications such as certificate SC scrum master that is CSM certified SC scrum product owner that is cspo so these certifications validate your knowledge and understanding of product management best practices after that build a strong LinkedIn profile optimize your LinkedIn profile to reflect your product management skills and experience craft a professional summary that highlights your strength and relevant achievements connect with the Professionals in the product management field join relevant LinkedIn groups and actively engage with the industry related content and the most important thing develop a product manager mindset so cultivate a mindset that is adaptable empathetic and focused on delivering values to the customer and the business Embrace a continuous learning mindset stay curious about emerging Technologies and Industry Trend and be open to the feedback and iteration in your product management approach see guys whatever you will be asked in the interview it is totally depend upon the company industry and the level of expertise you have so be it a startup or MNC most of them will ask you a combination of technical product and behavioral questions now moving forward let's look into the salary of a product manager so in USA it ranges between 97t to $2 L and in India it varies between 13 LH to 32 lakh and the source is glass door so that's all we got in this particular video I hope you all enjoy and to see more updates like this follow the intell part YouTube channel just a quick info guys intellipath offers postgraduate certification in business analysis and product management in collaboration with EIT Academy malvia National Institute of Technology mnit Jaipur will provide your training on agile methodologies T SQL for business analytics and much more and with focus on industry based projects for hands-on experience with this this course we have already helped thousands of professional in successful career transition you can check out the testimonials on our Achievers Channel whose link is given in the description below without a doubt this course can set your careers to New Height so visit the course page link given in the description and take the first step towards career growth in the field of business analysis and product management