Product Management Careers
Product managers are like internal entrepreneurs, creating business strategies designed to meet customers’ needs and keep the company profitable.
Job Description
Insurance is a dynamic arena — customers’ needs, available technologies, and business conditions change continuously. The job of a product manager is to use data and analytics to develop new products and strategies that contribute to the company’s success so they can meet their clients’ needs. Account managers often focus on a certain geographic area or specific business area such as homeowners, construction, or transportation.
If you like the idea of working independently while representing the company’s interests with regulators, agents, and more, product management may be your path to career success!
Required Skills
- Strong analytical skills
- Self-confidence
- Interpersonal Skills
- Organization (time and project management)
- Independence
- Relationship-building
Degree Required?
No
Product managers often have degrees in business or other fields, but a degree may not be required.
Additional Education
While not required, many product managers complete designations to gain additional expertise and advance their careers.
Preferred Previous Experience
Most product management positions require some previous experience. Skills from business and marketing jobs may be transferable to account and product management.
Earning Potential: $100,000-$250,000
Salary varies based on previous experience, seniority, company and geographic location.
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