The future of product management
The product manager of the future will differ from today's product manager in many ways. For this reason, the future product manager must prepare himself for an environment where change will accelerate even more.
What changes?
Online working environments are already a strong trend for the 21st century and are becoming even more preferred due to the COVID-19 virus. While working online is considered suitable for many organizations, the same can hardly be said for Product Management these days. Their day is almost spent in face-to-face meetings in the office, because being a product manager also requires working with people - customers (people-oriented). But according to a survey conducted by Deloitte, a famous Big-4 company, more than 50% of the new generation entering the workforce are more productive and prefer more flexible opportunities by working remotely. It is also clear that the number of product managers working in the online work environment will increase in the future.
Skills of the future
Product managers are often referred to as "Jack of All Trades, Masters of None." They should have a broad understanding of many subjects. One of the expected trends in the future is that managers are more interested in the UX / UI design aspect of their products and have a closer relationship with the design team. According to Abigail Hart Gray, director of UX at Google, businesses achieve greater success when they design before project development. In addition, the topics of Data Science and Artificial Intelligence, which can be applied to all industrial products, will soon be on the list of technologies that Product Managers need to know.
Job opportunities and average salary
The field of Product Management is global and continues to be so in this modern era. According to Deloitte's 2020 statistics, product management ranks 4th in terms of earning potential and number of jobs.
Based on an analysis of 40,713 salaries, the average product manager salary worldwide is $110,916. Compared to other attractive careers, this field is considered a high paying career.
As a result, the future is bright for product management. Those who are in this field or who want to be in this field should always take steps to get acquainted with and learn new things.
