Product management is the process of addressing customers’ needs with different user-friendly products and marketing them successfully. Product managers are in high demand and are offered lucrative salaries ranging from ₹5 LPA to ₹30 LPA and even more depending on their experience and expertise.
In-depth knowledge is the key asset for a successful career in product management. This is where certification comes in. Experience is not the only thing you need to move upwards in your career graph. A product management certification from a recognized institute such as IIM Kozhikode, will give a new boost to your career and thus is surely worth pursuing.
Master Product Management
Statistics & Facts that Would Interest Product Managers
Focus of Advanced Product Management Programmes
Benefits of Doing an Advanced Product Management Programme
Choosing an Advanced Product Management Programme
The Best Product Management Course
Key Points
A Product Management Programme enhances the chances of getting promotions by providing deep domain knowledge and specialised skills one needs to perform efficiently.
Upskilling is important in today’s competitive job environment. Similarly, in the field of Product Management, one needs to upgrade his/her skills and knowledge continuously. Hence, doing a Certificate Programme in Product Management certainly makes sense.
Product Manager Salary Ranges from ₹5.3 Lakhs to ₹35.0 Lakhs as per Ambition Box.
Statistics & Facts That Would Interest Product Managers
With the demand for high-end and multi-tasking products, new products are launched quite often.
It is interesting to know that world-renowned CEOs like Jeff Bezos (Amazon), Susan Wojcicki (YouTube), and Sundar Pichai (Google) worked as product managers at some point in their careers.
As per a Wall Street Journal article, 7% of Harvard Business School graduates worked in the product management domain.
As per World Economic Forum, a minimum of 54% of all employees would require reskilling and upskilling by 2022. Reskilling certainly requires an investment that is worth it.
Annual Product Manager Salary is ₹16.0 LPA. & ₹1384421 and the average salary for a Senior Product Manager in India is ₹2454820.
The average salary of a principal product manager in India is ₹ 35.0 lakhs and ranges from ₹ 6 Lakhs to ₹ 95.0 Lakhs.
Top Skills for Product Management are Product Management, Product Strategy, Agile, Sales, Project Management, Product Development, Customer Experience, Product Marketing, Market Research, Analytics and more.
Product management is most likely to have 22 million job openings globally. In India, there are just 20,000 product managers today. Hence, product manager salaries are on the higher side in India. The huge gap has enhanced the chances of aspiring product managers.
Top-paying companies for product managers are OYO Rooms, PayTM, Reliance Jio, Bajaj Finserv, IDFC First Bank.
Focus of Advanced Product Management Programmes
These programmes usually teach vital aspects like:
Defining the vision and roadmap of a product
Gathering and prioritising the needs of the products and their customers
Developing cases studies related to the business
Collaborating with the designing team to enhance the user experience
Conducting proper market research regarding the products
Helping with an effective product development procedure
Assisting to make sure the satisfaction of the customers
Ensuring that the products support the vision and mission of the organisation
Working with the marketing team to ensure the successful launch of the product
Benefits of Doing an Advanced Product Management Programme
After completing the best Product management courses, you can enjoy several benefits like:
You will have a strong foundation in product management, the best product management processes, handling challenging situations, creating strategies, agile product management processes, opportunity generation, and more.
Upon completing these certifications successfully, you will be able to understand the value proposition, value communication, and also value delivery of products.
You will also understand the role of product strategy, implementing new processes regarding product development, product positioning, etc.
Participants will also learn vital skills like analytical skills, decision-making skills, critical thinking skills, etc. These are very important to execute various stages of the product life cycle successfully.
A certification helps you to move ahead on the career path at a fast pace by carrying out various roles. The career path of a product manager professional involves job roles like an associate product manager, product manager, senior product manager, director of product, product VP, chief product officer and more.
Choosing an Advanced Product Management programme
Once you make up your mind to do the best product management professional certification, you need to carefully look for answers to the questions mentioned below. Once you find satisfactory answers, you can enrol in the course.
Are the classes taken by experts from the top-rated institution?
Does the course cover just the fundamentals or advanced concepts too?
Does the teaching format and approach suit your needs?
Aside from the advanced theories, can this course offer you a scope to practice some job-applicable skills?
Does the course include hands-on experience, case studies, etc.?
What is the course duration and fee payment options?
Does the course have good reviews?
The Best Product Management Course
IIM Kozhikode’s Advanced Product Management Programme will give new wings to your career. With a product management certification, you will certainly become more confident and knowledgeable. Your horizons would expand, and you will be able to think more intelligently, analytically, and make informed decisions.
It is important to understand that one wrong decision by a product manager can cost millions to the company. Hence, companies choose their product managers very cautiously. Those with a certification stand a better chance to get promoted or bag a senior-level job role in an eminent company.
IIM Kozhikode Advance Product Management is a perfect course that will make you an expert in Product Management. It will help you develop high-level product thinking by teaching you how to identify user needs, create opportunities, and also those products which customers prefer, analytics for product managers, qualitative and quantitative analytics, consumer behaviour in product management, disruptive innovation theory and everything else a new-age product manager needs to know.
So, an advanced Product Management Program has significant worth for middle to senior-level product managers. Even marketing managers and sales managers can do this course.
To know more: https://timestsw.com/course/iim-kozhikode-advanced-product-management/
