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Product Management – Product Team Career Growth and Hiring [Infographic]

Blog Author: Roger Snyder

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The Product Management Skills – Benchmark Report identifies 15 skill sets that individual Product Managers and entire Product Management teams need to be able to excel at their jobs.

Companies that want to help their product managers grow more effectively through the first 10 years of their career should provide support in these critical skill areas with focused training and workshops.

We evaluated how training and a formal product process helps improve those skill sets and ultimately advances a Product Manager’s career. Turns out, training helps!

The Highlights

12.3% stronger across all skill sets with formal training than without 

The implementation of a formal product process also contributes to the success of PMs and PM teams, improving skill sets by up to 31%.

The Takeaway

In companies where the goal of achieving a formal certification in Product Management was set for their team members, 87% said they felt more confident in their ability to perform their job responsibilities.

Team leaders who have taken this approach reported and increase in team skill sets and understanding of customer needs, leading to more profitable products .

Check out some of the highlights from the report in the infographic below.

If you’d like to read the full results, you can download them here.

About The Author

Roger Snyder

Principal Consultant at Productside, blends 25+ years of tech and product leadership to help teams build smarter, market-driven products.
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Frequently Asked Questions

Formal product management training has a measurable impact on career growth by strengthening core skill sets across the first ten years of a Product Manager’s career. Benchmark data shows that Product Managers who receive structured training perform 12.3% stronger across key competencies, enabling faster progression, higher confidence, and improved effectiveness on the job.
A formal product management process provides consistency, shared language, and clear decision-making frameworks. According to benchmark research, implementing a structured product process can improve Product Manager skill sets by up to 31%. This helps teams align more effectively around customer needs, strategy, and outcomes, leading to stronger execution and better business results.
Product Managers who work toward formal certification report significantly higher confidence in their ability to perform their roles. In organizations that set certification as a goal, 87% of Product Managers said they felt more confident in their responsibilities. Increased confidence often translates into stronger decision-making, better stakeholder communication, and improved product outcomes.
Early-career Product Managers benefit most from developing skills in customer understanding, product strategy, prioritization, communication, and business acumen. The Product Management Skills Benchmark Report identifies 15 critical competencies that support long-term success. Focused training and workshops help PMs build these skills faster and apply them consistently across real-world scenarios.
Organizations that invest in Product Manager training, certification, and formal processes see measurable improvements in team effectiveness and product profitability. Leaders report increased team skill levels, deeper understanding of customer needs, and stronger alignment around outcomes. These improvements enable teams to build more valuable products while improving retention and hiring success.

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