Hi,
First, my background. I am currently doing a masters in economics at a major European target university. Before this, I worked at the central bank of a developed Commonwealth country - if I had to pick a roughly equivalent private sector role, it would be 1st year associate in research covering international sovereign debt, FX and cross-sector fixed income markets at various times. I passed the three CFA exams, but don't have the full 4 years work experience needed for the certification yet.
I'd like to go into fixed income or multi-asset investment management. In the long term, that would be with a view to become a portfolio manager myself (provided I enjoy it and turn out to be good at the job).
So I have a research background, and know something about the theory of how portfolio management should work, but pretty much no experience in the practical aspects of the work.
I'm looking to apply to associate-level jobs at asset management firms and Asset Management arms of the big investment banks. These are 'experienced hire' roles rather than associate programs, since I don't have an MBA. That means I'm limited in the areas I can get into in the sense that the job actually has to be available between now and graduation in the middle of the year.
I saw several product management roles advertised recently. I have some idea of what these jobs involve, and it would be pretty good for me to learn more about the nuts and bolts of how portfolio management works. On the other hand, it'd not be research and I wouldn't be involved in investment management as directly.
What would you say are the chances of moving from product management into research/analysis down the line. Do these firms tend to pigeonhole people into those roles, or is there regular movement? What would you recommend I do - wait for an actual research role to appear, or apply for product management and see what happens?
Thanks everyone!
I currently got a similar job (Product Strategy, Development, and Management), A lot of it is knowing everything about the products that you already have, but a lot of work also centers around projects, specifically, product launching. You get to interface with a lot of internal parties (portfolio management teams, marketing, legal, operations, upper management, etc.) And yes, it is an avenue into product specialist/client PM roles, but you would need further certification/an MBA. The people that I replaced went on to become fixed income specialists and private debt researchers in the same firm.
I think there's a difference between product development and product managers - managers tend to be more leaning towards client interaction type roles and product development is more on the business side of things. I think product managers are akin to the product specialists at certain shops but it varies a bit
I think shorttheworld is right. Product development is more business-oriented, kind of middle-office type role while product manager/specialist is more research intensive and more interaction with clients and portfolio managers. But it depends on the firm.
Product Management - Curious about prod mgmt. (Originally Posted: 11/24/2010)
From fathippo's thread I've become more curious about prod mgmt. I did a search and not much came up. I was wondering if you guys had more information on product management roles in general. Do you have to have a technical background to get one? I saw Google required engineering degrees but other companies like RIMM (iirc) do not. Also, how competitive are those positions? Prod mgmt seems to have a nice lifestyle/pay//work balance. Any other info on prod mgmt would be great!
Bump.....I've been very interested in this as well. From what I've read, it also seems like the actual work in product management is much more creative and enjoyable
I currently work in PM for Macys. The lifestyle is great and the salaries match...we are a $26B company!
elaborate!!
^I'm curious, for product management do people basically just look at engineers, or can people with finance/marketing backgrounds get in and do pretty well too? It seems like tech firms love engineers understandably, but what about others?
You can get into product management from a wide variety of backgrounds...
i, too, am interested
anyone here have salary/progression/lifestyle background in product management for f500 companies?
Product Management - Employment stats (Originally Posted: 01/04/2013)
I was looking at the employment stats of the business program at my school, and it listed that about 15 percent of the graduates go into marketing, with a good deal of those people going into "product management." I'm only a freshman (at a target school), and have for a while considered careers either in consulting or banking. However, after researching different options, product management sounds like an interesting field with pretty good long-term potential. Does anyone have any experience with this field that they can weigh in on?
Product management isn't something you generally do forever. It's one job in corporate career. Having said that, whether it's for you will depend mostly on the industry, corporate culture, and how you can fit in.
It's a great way to have some ownership for something though, and it's also great experience if you want to become a general manager.
BTW you won't be a product manager out of UG. You might end up in some sort of product management training program, but that's no better or worse than any other type of corporate leadership program.
Product management/marketing to ER (Originally Posted: 08/31/2014)
Has anyone successfully moved from a product marketing/management/specialist role to an analyst position?
Bump
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