65k as an Associate PM

Fuze oLqB77
Nov 11, 2019 12 Comments

Currently making 65k as an Associate Product Manager. Moved into Product after spending 3 years in sales at the same company, taking a big pay cut in the process because I wanted to get into Product Management. Have now been doing this role for almost a year and its a way better fit for me than sales, but its unclear what the path to promotion looks like. I have asked my manager for goals and a timeline, but I’m not sure how to frame the conversation after 11 months on the job. Is it reasonable at this point to have a clear picture of my path to promotion? Would I be better off from a compensation stantpoint looking for a different company or should I be more direct with my manager around goals/timeline for promotion? I’ve “waited around” for promotions before and know its a big mistake. Nobody hands them out. I’m not sure how I should approach this situation as I’m just 11 months in - perhaps this isnt long enough to take on a PM title at a startup. But 65k in a high COL city isnt great, and I want to take control of my career.

Stay at current company and be more direct with my manager around promotion timelines or start looking elsewhere?

TC 65k

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TOP 12 Comments
  • Bank of America / Product Quacky
    Be more direct around timelines or comp increase. Also need to better understand where you're located as this is on the lower end for most pm positions even in mid col areas. Start looking elsewhere but understand unless you're extraordinary you'll probably need around 2 years to really be considered.
    Nov 11, 2019 7
    • SAP / Product @n0nym0u5
      Honestly: put the facts on the table with your manager. Nothing wrong with wanting to get ahead. That way he knows that if he does not satisfy you, you'll probably leave. Also, start looking for other alternatives. Nothing can improve your negotiation position more than improving your BATNA
      Nov 12, 2019
    • SAP / Product @n0nym0u5
      Also: Manager probably knows you're underpaid since he knows what new candidates ask for. Must manager's are actually quite supportive if you're upfront about it.
      Nov 12, 2019
  • Capital One sell out
    Cracking the PM Interview is a good read for things you can do to prep for your next move.

    Also start updating your LI profile with product management keywords for the skills and see what kind of interest you get from recruiters. Start taking phone calls and getting used to putting yourself out there at networking events etc.
    Nov 11, 2019 1
    • Fuze oLqB77
      OP
      Thanks - I’m definitely going to give cracking the pm interview a read. It’s been sitting in my amazon cart forever. Pulling trigger today!
      Nov 11, 2019
  • Microsoft MMKy42
    Leave.
    Nov 11, 2019 1
    • Fuze oLqB77
      OP
      As a previous commenter stated, a little worried that I don’t have enough experience to make a move worth it. That said, all I ever read on Blind is that the only way to substantially increase TC is to switch companies, so I’m inclined to agree with you.
      Nov 11, 2019

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