Is Growth Equity in the security space overtaking Venture Capital Analyst/Big Tech PM roles?

Is Product Management becoming obsolete, in the face of recent focus on security investments in the Growth Equity space? More specificially, is elite undergrad -> 2 year MBB/IB finance/ml roles -> Security Focused GE/PE -> M7 MBA, followed by elite PE (security focus) / turnaround focus LBO the new preferable/desirable career path over, elite undergrad -> 2 year MBB/IB -> startup PM or Big Tech role -> MBA?

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