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Subject Expert
Part of it is the idea that you'd potentially get to "own" and shape something (a product/function/etc) that is used by millions/billions of people.
On top of that, Big Tech generally pays PM pretty well (usually just one step down from devs) and the hours are generally pretty favorable.
Beyond that, a lot of koolaid drinking.
Combination of riding on the coattails of others’ success and “prestige”. So, you know, not all that different than consulting except you get to wear a hoodie to work
Mentor
Speaking as a PM
1. My total comp is better with a more favorable structure than partnership equity model
2. The hours and travel are less than they were in consulting
3. I own my product and I am not simply “consulting” on it. I make the choices on design, tradeoffs, manage execution, and I manage it through launch and stabilization
4. I also develop and execute much of the strategy so I know my customer, market/size, targets, and financials
5. I don’t generally wear a hoodie but I don’t miss the dry cleaning
Subject Expert
Why? There are always things you are interested in or passionate about.
I have my current role that I’m passionate about but if my business line dissolved, there are areas like medical facility delivery and stocking or working with small and medim sized businesses, that I would love to work on.
Realistically, PM is just another high paid, highly respected path with less hours on average than consulting. Consulting makes a bit more initially, but PM ramps up quickly, especially with the addition of stock.
FAANG is considered the equivalent of MBB for PM roles, although I’d argue against that since there are plenty of start ups and tech arms of companies that pay PMs as much or more than in FAANG and the tech world tends to care more about what you did and what you can do than where you’ve worked.
Some key skills:
- basic coding (for more PM roles, you won’t be coding, but you need to understand coding well enough to represent the coders at meetings and ask for realistic goals)
- design/ PM Frameworks
- managing teams/people
- strategy
- persuasion/influence
- creativity/innovation
- business (Marketing, finance)
I recommend reading “Decode and Conquer” & “Cracking the PM Case” to better understand PM and do well on the interviews. It’s possible to switch to PM straight from consulting, depending on luck/experience/referrals, but also common to make the switch during business school (as I am)
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