When will the PM market recover?
From what I’ve seen, it’s very hard to get decent offers nowadays as a PM. Lots of lowball offers. Based on past trends, will the market recover by 2026?
No. you need very few high quality PMs vs SDEs, right now there is oversupply of Mediocre PMs and i don't see a correction just yet.
It's true that most people in product are just mediocre, and this probably applies to other functions, but it really makes a huge impact for product roles. That said im still simultaneously swamped in work and my scope is just way too massive.
a good PM is a force multiplier for a Mediocre engineering team. A bad/mediocre PM combined with a mediocre team produces absolute crap.
What do you mean by recover? Employers overate during the pandemic and now are throwing up. Does recovery mean a period of overeating? Never. Fed will never bring interest rates to zero. They are still having a hard time controlling inflation.
There is lot of junior pm roles and highly skilled om as always sought after .. the rest will continue to find it difficult.. as a pm if u can bring sales / money for the org soley based on ur work it will be choppy water for a long while
The problem is the PMs who are making hiring decisions are themselves mediocre at best....and the interview process is very qualitative so if they don't have the understanding as you do, they're bound to reject you....
EXACTLY
There are at least 4 different roles in tech that are abbreviated as PM of varying degrees of usefulness to software projects.
Most PMs need to go back to being developers and not overpaid Customer Facing.PMs that Microsoft created and failed.
100% non technical pms should have never been a thing unless devs are really that inept in everything except creating.
Erin at Microsoft wrote the whole new diatribe of the future PM.
It’ll recover. Salaries won’t ever be as high as they were in 2021-22 but it’ll get better.
Why do you think that salaries will never return to 2021-2022 levels?
Expectations changed and saturation happened, eapeciallly for non technical pms. I’m sure there will be high paying pm roles but clearly the vast majority of general pms were never needed.
At least you’re getting offers. Here I am not even finding entry level PM roles making $79k in the Bay Area 😅
Meta paying $79k in Bay Area is unbelievable 😵
Wow that’s garbage. Referral please?
Many teams don’t need PMs. Almost all the teams that are not customer facing can do better without PMs(like infrastructure teams).
Look up platform engineering
If overall market recovers, then yes. PM is a support function so in bad times project teams just do without PMs. Even if market recovers, I see support job migrating to low cost centers like India.
I agree with you in terms of timing, but not the location. EM / PM / TPM roles report directly to stakeholders, usually the business leads, owners, directors whatever. Yes, I agree one could argue EMs and TPMs are more support functions, but not PMs. Their bosses are also usually the people that sit outside India and want their direct reports reachable during business hours rather than to wait till end of day just to talk.
Can you expand on how PM is a support function? I see TPM/project management as a support function but not Product