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Product Management Courses - How to Become a Product Manager? - Check Course Fees, Duration, Syllabus, Career & Scope

Update on 06 Jul, 2022

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Product Management Courses - How to Become a Product Manager? - Check Course Fees, Duration, Syllabus, Career & Scope

Product Management Course: Product Management is an unconventional career choice made by very few students and working professionals. If you are someone who is creative, passionate, and really interested in product marketing and branding, trust us this course has a lot to offer you.

A best product management Training can help you to boost your career and help you to get promoted to a managerial position sooner.

In this article, we have discussed all the important things related best product management certification and how to become a product manager?

Note: In this article we covered the all topic related to Product management like product management certification, product management training, best product management course, project management essentials, MBA in product management, best product management certification, product management courses online, and product management courses with placement. Get all details & query about product management.

What is Product Management?

Product Management refers to managing a product or service, so it can perform well in the market. The product management process remains in motion during the entire cycle of a product.

These are the stages involved in the product management process:

  • Planning the key features of the product
  • Developing the product so it can fulfill the needs of users
  • Launching the product in the market
  • Managing the marketing and promotion, so the product can do well in its target market

In simple words, Product Management is the process that starts when someone decides to come up with a new product and launch it in the market and the process continues till the very existence of the product in the market.

Managing a product needs critical and creative thinking and absolute marketing skills.

Product management involves various stages such as Research, Market Analysis, Product marketing strategy, product launching, and Recording feedback and reviews from the customers and users. And finally, analyzes the life cycle of the product in order to create a promotion strategy according to its demand and popularity.

Product Management is a rather complex process that requires core knowledge of the product, marketing, and financial modeling. And becoming a Product Manager is a role of responsibility.

Roles & Responsibilities of a Product Manager:

The product manager's key role is to ensure that the corporate strategies align well with the current and emerging market needs. However, this is just an understatement to describe the roles and responsibilities of product managers.

Product Manager's Career Path

Here are the much-elaborated explanations about the job of a product manager:

  • Setting product vision, strategy, and growth roadmap
  • Conducting market research to gather information about the competitors, customers' requirements, and market demands
  • Planning and building the product portfolio
  • Reviewing the product specifications and revamping the product based on customers' feedback
  • Coming up with the new product ideas
  • Connect with the internal product teams to identify the new opportunities where a marketplace can cater to the customer's needs and increase product sales
  • Working with multiple departments such as sales & marketing, engineering support, and production team to ensure that the business goals and consumer needs are catered to efficiently and effectively
  • Assessing the competitor's strategy and progress in order to build a better strategy for the company's product
  • Using field salespeople to make calls to customers, evaluate sales call outcomes, and analyze product market data
  • Conducting an in-depth market and product performance analysis and preparing the short-term or long-term forecasts, and reports about the product sales
  • Determining the product's pricing based on the market data and the cost of production
  • Defining the objectives for Product Marketing Communication and advertising
  • Hiring and Training the employees for the product management team

How to Become a Product Manager?

There is some eligibility requirement that must be fulfilled by an individual in order to bag the role of product manager. To become a product manager, an individual needs multiple skills and along with these skills, one must be academically and professionally qualified.

The following are the requirements that need to be fulfilled to become a Product Manager:

A Bachelor's or Master’s degree in a relevant discipline: Product Managers are required to hold a bachelor's or master's degree preferably in Business Administration or Product Management. An MBA or PGDM will do just fine if you wish to become a Product Manager. However, there are many certifications in product management training, you can also enroll in one of those and become a certified product manager.

Specialized Training: This requirement is mostly put forward by large-scale companies large scale employers want their employees to get some sort of training. The training may be provided by the company itself or it may ask for a hands-on experience certificate to ensure that you are well trained in your forte.

For an instance many employers (especially in the IT sector) require their product managers to have a technical and data-driven background, additional skills required in the IT sector are coding and customer support.

So, in order to bag a product management job in an IT company, one must be trained in the above-mentioned fields.

Adequate Experience: The product managers have usually experienced professionals who worked in the marketing or operations department for years and grew through different job roles.

It is a high-level management position that requires atleast 5 to 10 years of experience. However there are also entry-level product management jobs such as Associate product managers, you can get a job of associate product manager job without having years of experience, Meanwhile, most companies prefer to hire experienced professionals for such managerial positions.

Skills Required to Become a Product Manager:

  • Research Skills
  • Communication Skills
  • Business Intelligence
  • Analytical Skills
  • Marketing Skills
  • Interpersonal Skills
  • Management Skills
  • Strategic Thinking
  • Leadership Skills
  • Financial Modeling
  • Presentation Skills

What is a Product Management Course?

Product Management impart knowledge of different business-related concepts such as developing, managing and promoting a product.

best product management certification mainly focus on learning how to manage products within the organizations, develop designs, and determine the cost of the product.

Best Product Management Courses in India:

  • Bachelor of Business Administration
  • MBA in Project Management
  • Digital Project Management
  • Software Product Management
  • Strategic Social Media Marketing
  • Product Management Fundamentals
  • Diploma in Product Management
  • Post Graduate Diploma in Product Management
  • Executive Diploma in Pharmaceutical Product Management

Undergraduate Level (UG Level) Product Management Courses:

  • Candidates who have completed their 10+2 and now looking forwards to building a career in product management, or certainly a career with managerial authority can pursue an undergraduate course such as a BBA or BBM. Well BBA and BBM courses are all about business administration and management. These courses impart foundational knowledge about businesses, marketing, and of course managing a product.
  • The eligibility criteria for an undergraduate product management course (BBA/BBM) is a minimum of 50% aggregate marks in 10+2 from any stream.
  • The admissions to product management courses (BBA/BBM) are 10+2 merit-based or entrance based. It completely depends on the university or college you are applying for.

Top Product Management Colleges in India 2022 for UG Level:

Name of the Colleges
Course Fees

Amity University, Noida

Rs 6.60 L.P.A

Narsee Monjee Institute of Management Studies, Hyderabad

Rs 7.56 L.P.A

ICFAI Business School, Hyderabad

Rs 7.10 L.P.A

Jindal Global Business School, Sonepat

Rs 12 L.P.A

Reva University, Karnataka

Rs 3.0 L.P.A

Christ University, Bangalore

Rs 5.40 L.P.A

Shri Ram Murti Smarak International Business School, Uttar Pradesh

Rs 1.47 L.P.A

Post Graduate Level (PG Level) Product Management Courses:

  • Candidates who have completed their graduation in any discipline are eligible to pursue PG-level product management courses such as MBA in Product Management, PG Diploma in Product Management, or Executive Diploma in Pharmaceutical Product Management.
  • The admissions to PG level product management training online are usually based on the candidate’s performance in the graduation followed by a Group Discussion and Personal Interview conducted by the university OR one can also appear in the national level entrance exams to get admission.
  • There are several colleges in India that offers postgraduate courses in Product Management. However, if you do not find your desired college offering the “Product Management” specialization under the MBA program, then a General MBA or an MBA in marketing management/IT or any other relevant specialization will also be fine as a stepping stone for your product management career.

Top Colleges for Product Management Course (PG Level):

Name of the Colleges
Course Fees

Institute of Product Leadership Executive (MBA Product Management)

Rs 6.45 L.P.A

University of Technology Jaipur (MBA Product Management)

Rs 1.80 L.P.A

Xavier Labour Relations Institute (XLRI), Jamshedpur  (PGDM)

Rs 4 L.P.A

Jaipur National University, Jaipur (MBA)

Rs 1.10 L.P.A

St. George College of Management, Science & Nursing, Bangalore (MBA)

Rs 3.60 L.P.A

Community Institute of Management Studies, Bangalore (MBA/PGPM)

Rs 4.50 L.P.A

Sesharipuram Institute of Management Studies, Bangalore (MBA)

Rs 2.50 L.P.A

National Institute of Industrial Engineering (NITIE), Mumbai (PGPM)

-

SRM Institute of Science & Technology (MBA)

-

Certificate in Product Management:

There are many product management certification courses offered by the institutions in India as well as abroad. Candidates who wish to pursue a short-term certification course to learn the fundamentals of Product management can opt for a 6-month product management certificate program offered by the Top B-Schools in India.

  • The certificate courses in product management are delivered mostly in offline mode.
  • One must have completed their graduation from a recognized university to get admitted to a certification course in product management.
  • However, these eligibility criteria differ from one college to another and it also depends on the certificate course you want to enroll into.
  • Some B-Schools such as IIMs and ISB Hyderabad also ask for a minimum of 50% to 60% marks in graduation as a basic eligibility requirement.

Below we have mentioned some of the best Certification in Product Management offered by the most reputed colleges in India along with their fee structure:

Product Management Certification Course
Offered By
Fees

Executive Development Programme in Advanced Product Management

XLRI Jamshedpur

Rs 1,62,500

Executive Program in Data-Driven Product Management

IIM Lucknow

Rs 1,89,000

Post Graduate Certificate Program in Product Management

IIM Indore

Rs 2,65,000

Certificate Program in Product Management

IIT Bombay

Rs 1,14,000

Product Strategy

IIM Kozhikode

Rs 1,16,000

Executive Development Programme in Managing Products & Branding

IIM Kashipur

Rs 60,000

Product & Brand Management

MDI Murshidabad

Rs 60,000

Product & Brand Management

IIM Rohtak

Rs 60,000

Certificate Programme in Product Strategy for Business Success

IIM Kozhikode

Rs 71,750

Product Management

ISB Hyderabad

Rs 1,08,000

Free Product Management Courses:

  • There are many online education providers that offer online product management courses free of cost. You can enroll in freeproduct management training by visiting the official website of the course provider directly.
  • The duration of these courses varies from 10 days to 5 months.
  • Since these courses are free, anyone can pursue these online courses without such eligibility criteria.

Below we have mentioned some of the best free product management courses available on the internet:

Course Name
Offered By
Duration

Real-World Product Management

Coursera (Advancing Women in Product) sponsored by Amazon web services

17 weeks

Digital Product Management

Coursera (University of Virginia)

5 months

Product Design

Udacity (by Google)

4 months

Software Product Management

Coursera (University of Alberta)

2 weeks

Product Management Fundamentals

EdX (University of Maryland)

4 weeks

Brand and Product Management

Coursera (ie Business School)

15 hours

Achieving Product-Market Fit

EdX (University of Maryland)

4 weeks

Becoming a Product Manager

LinkedIn Learning

11 hours

Introduction to Software Product Management

Coursera (University of Alberta)

Varies

Product Masterclass: How to Build your Product Career

By Product School

Varies

Strategic Social Media Marketing

EdX (Boston University)

6 weeks

Becoming A More Strategic Product Manager

Via Highbrow

10 days

Online Product Management Courses:

Course Name
Provider
Fees

Product Management Certification Program

UpGrad (Duke Corporate Education)

Rs 16,889

Becoming a Product Manager

Linkedin

Rs 1,599

Become a Product Manager

Udemy

Rs 450

Engineering Project Management: Mastering Project Complexity

edX (TUDelft)

Rs 19,979

Product Management: Building a Product Strategy

Linkedin

Rs 899.99

Results-Based Project Management

edX (BID)

Rs 6,637

The Complete Product Management Course

Udemy

Rs 490

Best Product Management Colleges in India:

Course Name
Average Annual Fees

Narsee Monjee Institute of Management Studies, Mumbai

Rs 3,02,000

Narsee Monjee Institute of Management Studies, Hyderabad

Rs 2,52,000

ICFAI Business School, Hyderabad

Rs 2,60,000

Christ University, Bangalore

Rs 1,66,000

JK Business School, Gurgaon

Rs 93,000

Jindal Global Business School, Sonepat

Rs 4,50,000

Lovely Professional University, Jalandhar

Rs 1,12,000

OP Jindal Global University, Haryana

Rs 4,50,000

Shri Ram Murti Smarak International Business School, Uttar Pradesh

Rs 25,550

Reva University, Karnataka

Rs 1,00,000

Product Management Courses - Subjects & Syllabus:

  • Basics of Product Management
  • Product Portfolio Analysis
  • Customer Development - Techniques to understand customers and validate demands
  • Consumer Behaviour
  • Market Research
  • User Experience Design and Innovation
  • Product Marketing and Strategy
  • Advertising and Channel Management
  • Elimination Strategies
  • Strategic Brand Management
  • Testing and validation techniques and implementation
  • Pricing and Promotion
  • Financial theories and fundamentals of business
  • Customization and innovation in the digital domain
  • Business models- designing, storyboarding, and wireframing
  • User Experience design
  • Communication and presentation practices
  • New Product Planning

Scope in Product Management:

Product Managers are not only the marketing experts but they are also proficient in working with the latest technologies and platforms. The scope of product management is vast considering the fact that companies need to expand and adapt to the new age technologies with time.

And increasing integration and emerging technologies in every area of business operations, product management is something every small and big-scale companies need.

Once you complete a course specializing in product management, an individual can find ample career opportunities in the job market. Most of the product management exists in the private sector but they are no less than a reliable government job.

These jobs will pay you well and provide job security also. A product management enthusiast can bag the role of an associate product manager in big-scale companies such as Flipkart, Amazon, ICICI, Wipro, IBM, Dell Technologies, and many others and get promoted to various roles based on their performances.

Top Employment Sector to Find Product Management Jobs:

  • Advertising
  • Finance
  • Manufacturing
  • Hospitality
  • Market Research
  • Software Industry
  • Food Manufacturing companies
  • Automobile Firms
  • Beauty & personal care brands
  • E-Commerce
  • IT Companies
  • Home Products manufacturers

Career in Product Management:

Pursuing a career in product management is a good choice for individuals who acquire prerequisite skill sets as we have already discussed in this article.

A career in product management can be rewarding to individuals who have creative insight, emotional intelligence, analytical skills, and leadership skills.

Well, The good news is that the demand for product managers has increased significantly in the past few years. And if you see yourself fit for product management jobs, then it's better to make yourself available in the job market as soon as possible.

You will enjoy your career as a product manager if you are interested in strategy building, designing, leadership roles, and more. After completing your studies, you may start your career as an associate product manager and grow through different roles in this field.

To understand the career path of a product manager, let's take a look at the career hierarchy of Project managers:

Associate Product Manager: It is an entry-level job position in the product management field. Large-scale organizations with big product development and management teams hire young professionals for this job position.

They are responsible for assisting product managers with their duties, conducting market research, segregating the required data, and gathering all other product requirements.

Product Manager: It is the next job position that comes in the hierarchy of the product management field. To reach this level, the individual must have atleast 3 or more years of experience, however, the experience required depends on the organization they are working in.

The major role of Product managers is identifying the customer needs, developing the product vision and roadmap, and operating with the product team and other cross-functional teams.

The product managers are the ones who contribute highly to the life-cycle of the product.

Senior Product Manager: As the name suggests, it is a senior-level job position. Senior Product managers work closely with the product leaders and are responsible to execute the strategy.

They are more concerned about achieving long-term goals and looking after the broader objective of product management. Basically, a senior product manager is the one who leads the entire product team and makes the major decisions.

Director of Product: Developing and driving the identity of the product roadmap is the key role of the director of the product. He/She is responsible to represent the salesforce as a domain and product expert in customer interactions.

Product Management Salary:

An individual can make quite a living by pursuing a career in product management. Product manager jobs are lucrative however the career path is full of challenges and needs absolute knowledge and professionalism.

Speaking of the product management salary, The entry-level salary of a product manager is around Rs 5.80 L.P.A, the mid-level salary falls around Rs 8.10 L.P.A to Rs 10.20 L.P.A and after gaining an experience of more than 5 years one can earn atleast Rs 17 L.P.A.

The salary of product managers varies according to their job position, experience, and employer.

Below we have mentioned the average annual salaries of product managers according to their job positions, have a look:

Product Management Salary - Job Position Wise:

Job Position
Average Salary

Associate Product Manager

Rs 12 L.P.A

Product Manager

Rs 19 L.P.A

Senior Product Manager

Rs 28 L.P.A

Director of Product

Rs 51.44 L.P.A

Top Product Management Recruiters - Average Salary:

Company
Average Salary (Annual)

Flipkart

Rs 25.92 L.P.A

Amazon

Rs 28.62 L.P.A

Ola

Rs 28.14 L.P.A

SAP

Rs 27.32 L.P.A

Oracle

Rs 20.63 L.P.A

Dell Technologies

Rs 22.71 L.P.A

Cisco Systems

Rs 25.92 L.P.A

BYJU's

Rs 16 L.P.A

Nokia

Rs 32.56 L.P.A

IBM

Rs 22.69 L.P.A

Wipro

Rs 17.52 L.P.A

Walmart Global Tech

Rs 32.33 L.P.A

Paytm

Rs 20.73 L.P.A

Microsoft

Rs 30.06 L.P.A

Tata Consultancy Services

Rs 13.19 L.P.A

Google

Rs 25.64 L.P.A

Publicis Sapient

Rs 20.76 L.P.A

InMobi

Rs 29.88 L.P.A

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