Product Manager

Find out how to become a product manager in the marketing sector. Discover information on salary, growth, stability and occupational expectations.

Similar job roles

The current average salary of an Product Manager is $110,300 - 173,900 annually

What does a Product Manager do?

Product managers are responsible for overseeing the production of a business’ product (or products).

What are the key skills of a Product Manager?

Product managers exert excellent leadership and managerial skills to ensure that product goals and standards are being met.

Are excellent communicators, both oral and written to collaborate effectively with others
Have strong leadership skills to direct their team and delegate work, as well as train newcomers
Are good with managing expenses and making important financial choices
Are innovative thinkers; may be required to contribute to new product marketing initiatives, ideas, and solutions
Must be computer proficient with knowledge in Microsoft Office
Are well versed in marketing and sales strategies

How to become a Product Manager

Formal qualifications are not needed to become a Product Manager, however, employers look favourably upon candidates that do have them. Product Managers typically hold qualifications related to IT, computer science, or marketing.

A course like a BSB50620 - Diploma of Marketing and Communication can help you gain the relevant skills and knowledge for this career pathway.

Quick facts

Product managers have a high-level knowledge of the marketing field with strong managerial skills. Here are more key facts on the role of a product manager.

Employment for marketing and advertising professionals is set to grow in the next five years. From 87,100 in 2020 to 105,500 by 2025.

Outlook

Average Hours Worked

44 full-time hours per week vs. all jobs average of 44 hours

*Source
Main Industries

Professional, scientific and technical services; manufacturing; and retail trade
Job Growth

Employment is set to grow in the next five years. From 87,100 in 2020 to 105,500 by 2025.

* All information on this page has been complied using figures from au.talent.com and the Australian Government's labourmarketinsights.gov.au - all figures are indications only, and are accurate at time of publication. Please do your own research before selecting a course or career.

Study pathways

Get the skills you need by studying the courses below.

BSB50620
Diploma of Marketing and Communication
Marketing & Social Media