Help! I left consulting for in house strategy and it’s the most boring thing ever! Has anyone taken a product manager role? I want to be much closer to impacting profit than to making pretty ceo slides

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Oh boy

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PM roles are fun but very different from Corp strat. You do get more ownership, build awesome knowledge and are responsible for money. HOWEVER, there is a LOT of syndication and convincing needed with several teams and your scope / knowledge of the broader picture can be severely limited based on your designation and access to information. Once you become a people manager , it’s all pretty slides / PRDs regardless of the role since you don’t do the work directly yourself anymore. Just an FYI 😀

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At least pretty slides about how profitability is impacted! Now “how we are set up to do this boring thing”

If you’re not a profit center at your company, you will have worse talent in your org and lower compensation but better WLB. It’s a fine life for some, but usually not your type A consultant. You figured that out the hard way.

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Big bank

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Depending on the organization, product can be pretty awful. Former PM here and I left for consulting due to tons of bureaucracy, slow cycles, and lack of data driven decision making.

Not saying it is a bad goal, but just letting you know they aren’t always the best thing ever.

From my vantage point: In a "feature shop" company, PMs are mainly executing features that are driven by stakeholders (ex: the CEO wants you to execute on their solution so just do it), often valuing number of features released over outcome of features. In a Product driven org the PMs identify problems, prioritize and figure out how to solve the problems and it can take months before a solution is delivered but it can have higher impact and value to all stakeholders compared to implementing a bunch of ideas that aren't well researched.

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