Product Management Associate

What is the product management associate? This article discusses the meaning of the topic. As a result, you can have more knowledge about this study.

What is the Product Management Associate?

A product management associate provides assistance and direction for the product management process. 

It is a junior-level position that provides an opportunity to work closely with the product team, increase skills in an area of interest and build a foundation for more senior-level positions.

The product management associate is responsible for assisting with all aspects of the product management process. Also, it is for increasing the effectiveness of the product management function. 

Product management associates are expected to work independently and to make decisions on their own, but their work must support the decisions of senior executives.

Qualifications:

The following is an example of a job advertisement for a product management associate position.

As a product management associate, you can work for some of the biggest and most popular companies in the world, including Amazon, Apple, Google, Toyota, etc.

Responsibilities

A few of the responsibilities that product management associates commonly handle include: 

• defining and implementing the product road map. 
• identifying, prioritizing, and managing the product backlog. 
• preparing business cases for new products and new features to be included in releases of existing products. 
• identifying new market opportunities by analyzing customer needs, competitive products and performance metrics over time. 
• defining and implementing new processes to support the product management function. 

Salary:

The average product management associate’s salary is $41,000 per year and $20.00 per hour. Also, the median salary is $40,000 per year and $18.50 per hour. 

The most common jobs are Product Manager, Product Specialist, and Product Marketing, Manager. Also, the most common industries are Information Technology and Software Development. 

Some product management associates can earn up to $108,000 per year in the top 10% of the industry. 

In a survey, it was found that the highest paying companies were Progressive Casualty Insurance Company, Inc., The Home Depot, Inc., and Cisco Systems Inc…

The Career Outlook

The U.S. Bureau of Labor Statistics (BLS) predicts that the growth for product management associates will be about 11% by 2026. 

This is slower than average for all occupations. The following table shows the BLS’s predicted growth in other fields. 

As you can see, product management associates will have less than average growth. As a result, it is an area that can be challenging for job seekers. 

However, it is also an area that can provide more job security than other areas because there will still be a need for product management support even if the company does not grow quickly. 

How to Become 

A college degree (preferably in business or marketing) is usually required for this position. Also, coursework in business administration, project management, and marketing can help to prepare you for entry-level positions. 

Additionally, internships and research projects at your university can help you to learn about the product management field and to build your resume. 

As a product management associate, you should also develop an understanding of the company’s products. Since you will be managing them, you must understand how they work and how they are used. 

Conclusion

As you can see, the product management associate is an important role. It fills a gap in the product management process that allows it to be more efficient. 

Using the information above, you can learn more about this role and start your search for a great product management associate job.