Product vets - has the standard of PMs seriously declined?

I lead product and design, started my career as a PM 16 years ago. I'm not in SV, or the US, though I've worked in both.

I'm finding it harder to find curious, analytical PMs now than ever. Has the market become saturated and the gems are just that much harder to find? In my whole team, we're seeing people improve with good coaching but the base level of the team I inherited and some new hires is shocking

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Nail on the head. It’s so saturated, the good ones get glanced over. The bad ones get promoted while the good ones get burnt out. Sad truth.

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I formally transitioned into my Product Management role a week ago, though I've been in this role for a year on contract. I'm in my late 20s and have a strong background in research and analytics.

Analysis and genuine curiosity is a gamble. Proper, thorough analytical work is laborious and may not produce a slide worthy result. My coworkers also operate under a "what I do not know cannot be used against me" mentality.

I do the analysis anyways. I take a lot of pride in my work. And while I always articulate the impact before the technical nuts and bolts... Why would I invest so much of my effort in fixing structural issues when I could get firm recognition for an AI feature that doesn't do anything we couldn't accomplish in 2018

The curiosity is there, but I'm not curious enough to be out of a job in this market.

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They have indeed declined. In my experience, I come across so many parading around as PMs. Many even get into senior positions with zero experience and knowledge of Prod Mgmt because they know someone and never get trained/coached (because the higher up themselves don’t know what true PM is) and it becomes vicious cycle of incompetence breeding incompetence. And as someone said above, real ones get drowned out / looked over / burnout fighting fires created by aforementioned characters. But I mostly think accountability falls on higher leadership for bad hiring decisions in the first place.

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Honestly, I don’t understand how any PM can get by without a working knowledge of SQL (or any other data oriented query language).

I tried to teach fellow PM’s at my org about SQL and got blank stares. Even my leadership team comes to me for basic questions around “how much of (insert KPI) happened in (insert time period)?”

Every time I give them an answer, I also give them the query so they can run it themselves next time, but they keep coming back with the same simple questions, just different time periods.

I guess it’s job security for me, but I’d rather just work alongside higher skilled people.

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Your co workers are blessed to have you as a resource. When I was struggling with the KPIs, and asked the senior management for a mentor, they couldn't find one for me.
That hampered my growth.
Eventually, KPIs, progress tracking of your product is essential for every PMs.

Sorry for the rant but I think it’s a disaster. Truth is that it’s been going on for 5-10 years now, so even many of the most senior leaders are clueless. They “grew up” in the inflated Covid era when results were coincidental. The experienced ones are getting older and have either exited out or keep their mouths shut in fear of outshining their superiors. And as a manager, if you hold any standards you’re a monster. The only PMs learning and thriving seem to be the ones at hot AI startups. I’m jealous. Unfortunately I suspect they wouldn’t hire me now due to being middle aged.

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