![]() The former is assessed on their ability to optimise the development team’s performance and deliver on features, whereas the latter is assessed on their ability to deliver on a business case.Ĥ. Since product managers are mainly responsible for strategic decisions, they may be less involved with the nitty-gritty specifics and focus their energies on determining higher-level business objectives that help to set the course for the team.Īside from differences in responsibility and scope, the performances of product owners and product managers are also measured differently. In contrast, the work of product managers goes beyond the immediate product team to involve internal and external stakeholders. ![]() As such, their work typically revolves more around the immediate product team. This means that they keep an eye on the feature development timeline, ensure that the product backlog is clear to all, and decide what the team works on next. ![]() Within the Scrum framework, a product owner is the sole person responsible for ordering the product development backlog. How are product managers different from product owners? *Conversions are accurate as of 23 July 2022.ģ. In a 2021 study done by Monk’s Hill Ventures, junior product managers in Singapore earn about USD$1,500 (~SGD$2,085) to USD$3,500 (~SGD$4,865) and senior product managers in Singapore learn about USD$3,300 (~SGD$4,587) to USD$6,900 (~SGD$9,591).* What’s the monthly salary of a product manager in Singapore? They are involved throughout the entire product lifecycle, from the initial discovery and design phase through development to its launch and maintenance.ĭirecting and formulating market researchĬommunicating the value of a product both internally and externallyĢ. Product managers are ultimately strategists who drive the direction of a product. Overall, there is much growth potential for this role and if you are considering a career in product management, there seems to be no better time than the present.īut, what exactly does a product manager (PM) do? What skills do they need? What does the career path look like? This article will cover common questions around a job scope, average product manager salaries in Singapore, and common skills expected in a PM role. Singapore-based product managers have much to rejoice over on the compensation front as well, receiving higher salaries than their counterparts in the region. Amid the ongoing tech talent crunch in the Southeast Asian region, the future of product management roles looks bright, with demand being particularly high for product managers.
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