Can you go from finance to product management?

Explore the synergy and transition possibilities between finance and product management, understanding the skills needed, and its relevance today.

Can you go from finance to product management?

A: Potentially, yes, but it depends on your background and goals. You will not have an advantage coming from a finance background because PM teams mostly recruit people with design, engineering, or industry experience.

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What is the relationship of finance and product management?

Finance is the area that will allow product managers to understand if the product they manage is a good product for the company; that is if the return on the product is bigger than its costs. Of course, you and product marketing will keep track of your product revenue daily, but the costs aren’t as simple to track.

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Do product managers need to know finance?

The financial inputs and outputs of their products. The finance team allocates expenses to product lines, and product managers need to know which ones. If there is under/over allocation of indirect costs like HR, IT, and G&A, the profitability of a product can be distorted.

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Why is finance important for product management?

Finance is a common language for internal decision-makers and customer decision-makers. Product managers need to be able to translate how their product and its features impact revenue, expenses, profit, cash flow, valuation, and ROI. They need to be credible when they do so.

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