What is a Product Manager? How much do Product Managers earn? How do you get your first job as a Product Managers and what is the long-term career potential? In this jobs explained profile we explore everything you need to know about Product Managers in the payments industry.
What is a Fintech and Payments Product Manager?
A product manager works with the people who make a product, those who use the product and those who manage the business to ensure that the product is meeting everyone's needs. In the Fintech and Payments world, this is focussed around the development of financial products.
Product Manager similar roles:
What does a Product Managers do?
Product managers help to ensure that the product is made as efficiently as possible and that the people building it have access to the latest technologies and techniques. They also listen to the users of the product, finding out what new features they want before gathering and analysing their feedback and usage data. This helps them to make decisions about the future of the product - what will and won't be possible, which features to prioritise or to drop altogether and produce product roadmaps.
They're also responsible for the life cycle of the product, ensuring that everyone is following the product roadmap and that features are being released on time and are of a high quality.
ProsGreat for creatives- creativity drives this role Meshing a teams talent to execute a product strategy Being able to take customer suggestions and implement them into an intelligent solution Intellectual challenge
| ConsBudget limitations Use of soft skills can become repetitive Assumptions can be made over managers technical knowledge Accountability for issues beyond your control
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How much do Product Managers earn?
Junior Product Manager € 35,000 – € 40,000
Mid level €55,000 – €80,000
Senior level €80,000 - €100,000+
What skills and qualifications do you need to become a Product Manager?
Although there aren’t any formal qualifications, experience in fintech and payments world will be a major plus as well as these skills:
Knowledgeable about your product's users and industry.
Decisive, visionary and able to support your decisions with research.
Flexible, as you'll be working in-depth with different business functions.
A good collaborator, leader and diplomat.
Organised and able to work to deadlines and roadmaps.
A very strong and clear communicator, with a variety of stakeholders at different levels of seniority and knowledge.
Good at persuasion and negotiation.
Able to analyse complex data and look for trends in the market and users' opinions and behaviour.
Fair and objective when making decisions.
How do I get a job as a Product Manager?
Becoming a Product Manager often requires experience in the fintech and payments industry as well as some managerial experience. You’ll find Product Manager jobs advertised online, including junior, mid-level and senior positions. Be sure to include all relevant qualifications and experience when writing your CV - and don’t forget to send us a copy too, as we often have exclusive and unadvertised Product Manager jobs.