26th November, 2024
Parity Consulting was proud to co-host an incredible career development event with our good friends at Mayflower Consulting—PDS Managers Roundtable: How to have a Successful Career in Product Managementt
The evening offered valuable insights into the evolving role of product managers, and how to advance your career in this profession.
Key Takeaways
Host & MC - Sarah Penn, CEO Mayflower Consulting. Victoria Butt, CEO, Parity Consulting. Tristan Reis-Freeman - Chief Strategy Officer, Mine Super. Amna Khan - General Manager Product, MLC Asset Management
1. Do's and Don'ts of Career Management
Do Be Proactive:
Take initiative in your career development. Set clear goals and work towards them consistently. Build strong relationships with colleagues and mentors.
Do Network Strategically:
Connect with people in your industry, both inside and outside your organisation. Attend industry events and conferences to expand your network. Use LinkedIn to build a professional brand.
Do Continuous Learning:
Stay updated with industry trends and emerging technologies. Seek out opportunities for professional development, such as courses, workshops, and certifications. Embrace a growth mindset and be open to learning new skills.
Don't Neglect Self-Care:
Prioritise work-life balance to avoid burnout. Take regular breaks and practice stress management techniques.
Don't Be Inconsistent:
Set clear career goals and stick to them. Avoid jumping from one opportunity to another without a clear plan. Be reliable and consistent in your work.
Don't Overlook Networking:
While networking is important, avoid superficial connections. Focus on building genuine relationships with people who can support your career goals.
Don't Be Too Anxious:
Confidence is key. Believe in your abilities and your potential. Avoid overthinking and take action.
2. The Evolving Role of a Product Manager
There is no formal training or degree for product management. Successful Senior PMs are able to balance technical skills with commercial accumen, leadership skills and a curious mindset.
Soft Skills Matter: While technical skills are essential, strong interpersonal skills, such as influence, negotiation, and collaboration, are increasingly crucial for career advancement.
Holistic Perspective: Successful product managers need to understand the broader business context and how their work aligns with the company's strategic goals.
Continuous Learning: Staying updated with industry trends and proactively seeking opportunities for skill development is vital.
3. Negotiating Your Worth
How, who and when you approach asking for a salary increase matters. Creating a compelling value exchange is crucial.
Know Your Value: Clearly articulate your achievements and the value you bring to the organisation.
Strategic Timing: Plan your negotiation strategy, considering factors like salary review cycles and company performance.
Effective Communication: Present your case confidently and assertively, using data and specific examples to support your requests.
Leverage Your Network: Building strong relationships with mentors and sponsors can provide valuable insights and support during negotiations.
4. The Power of Mentorship and Sponsorship
Mentorship: Seek out mentors who can provide guidance, advice, and support. They should be someone who will hold a mirror to, guide and coach you through what you more you do with your achievements.
Sponsorship: Find sponsors who can advocate for your career advancement.
Clear Expectations: Define clear expectations for both mentor and mentee relationships. Be clear on what you need help with before you enter these relationships.
5. Navigating Career Transitions
Understand the Organisation: Start by putting yourself in your manager's shoes. What is most important for them in the short-term, mid-term? If changing oraginsiations, research the company's culture and values, and be prepared to adapt to new ways of working.
Realistic Expectations: Set realistic salary expectations and be open to negotiation.
6. Overcoming Challenges and Building Resilience
Self-Awareness and Self-Care: Take time to reflect on your emotions and practice self-care.
Positive Mindset: Cultivate a positive attitude and focus on solutions.
Assertiveness: Don't be afraid to advocate for yourself and your ideas.
By understanding these key takeaways, product managers can position themselves for success, navigate challenges, and achieve their career aspirations.
Panellists:
Many thanks to the fabulous panel for their generously shared insights and experience and guidance.
Victoria Butt - CEO, Parity Consulting
Tristan Reis-Freeman - Chief Strategy Officer, Mine Super
Amna Khan- General Manager Product, MLC Asset Management
Host & Panel MC - Sarah Penn, CEO - Mayflower Consulting
Interested in attending more Events like this? Follow Parity on LinkedIn.
What We Do
Business leaders need top-tier talent to exceed expectations and drive growth. At Parity, we swiftly attract and mobilise the best candidates across Financial Services and Tech, ensuring they align with your culture, performance, and reputation.
With years of earned trust, Parity specialises in unearthing those perfect truffles—candidates in Product, Transformation, Marketing, Communications, Digital, and Data, who will elevate your organisation while ensuring quality always trumps quantity.
Our equitable and transparent placement process is trusted by clients and candidates alike.
