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Product Management at a large bank vs Business Analytics/S&O for FAANG? Recently started in the former role, but have interview calls for the latter just come up in my mailbox. Similar comp when adjusted for the different job locations. Can anyone help me with the Pros and Cons please. I know the roles are different, and so are the industries, need to understand difference career paths and difference in corporate cultures. JPMorgan Chase Google LinkedIn Citi
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Unless you've worked in product, it seems our role is highly misunderstood. Project managers are great at tracking deliverables and basically anything with a time frame. Beyond that, project managers are great at taking information and organizing it into something that can be measured. Product managers are much different. Product managers are different in every organization. We can focus in any one of many organizonal areas. We can always function as project managers alongside our daily work if we had the time. Most important, product managers are decision makers where project managers are not. Project managers will allow decision makers to determine what needs to be tracked. Product managers determine what work needs to be done, how it needs to be done, who's going to track it, who's going to develop it, who's going to market it, etc. We don't own each of those functions, just aid in making sure those stakeholders have what they need to do their job, all while listening and understanding everything to ensure we are following the fight strategy in every area of the business and filling all the gaps in every role where often only we can provide an answer.
If you don’t know the difference, and how big the difference is, then maybe you should be a Project Manager only
Who gets paid more?
Because it’s strategy and prioritization, I believe, and because you’re on the hook for failures.