Technical Product Manager

Last Updated:
June 29, 2023

Job Description Overview

A Technical Product Manager is responsible for overseeing the development and management of complex technical products within the Information Technology industry. This job description entails working alongside cross-functional teams, including engineers, designers, marketers, and developers, to drive product development from ideation to launch. Technical Product Managers are expected to possess an in-depth understanding of technology trends and customers' needs, and they use that knowledge to guide product strategy and roadmap development.

Candidates for the Technical Product Manager job description must be great problem-solvers, communicators, and skilled at marketing their products. They must also diligently track the product's performance and direct any necessary changes to the product offering or user experience.

A Technical Product Manager job description typically requires a bachelor's degree in engineering, computer science, or a related technical field. Additionally, candidates must have extensive experience in product management, project management, and working with software development teams. Successful Technical Product Managers are continually seeking new ways to improve products and are committed to staying current with emerging technologies.

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Job Duties and Responsibilities

  • Work with cross-functional teams to identify and define technical product requirements.
  • Create technical product specifications and document product functionality, user experience, and system requirements.
  • Ensure products are built according to project timelines, budget, and quality standards.
  • Use data analytic tools to track product performance and identify areas for improvement.
  • Develop and maintain product roadmaps and manage product releases.
  • Collaborate with software development teams to plan and prioritize feature implementation.
  • Develop product pricing strategies and provide guidance on product positioning.
  • Communicate product vision and strategy to stakeholders, customers, and partners.
  • Monitor industry trends and best practices to identify competitive opportunities and risks.

Experience and Education Requirements

To get a job as a Technical Product Manager in the Information Technology industry, you'll need to have a mix of education and experience. Typically, a bachelor's degree in a related field like Computer Science, Engineering or Business is required, but some employers may accept candidates with equivalent work experience. It's also important to have experience working in the tech industry, especially in roles such as software development, project management or product management. In addition, Technical Product Managers need to have strong communication, organizational and leadership skills. It's important to understand both the technical and business sides of products to be able to help create and manage them successfully.

Salary Range

If you're wondering about the salary range for a Technical Product Manager in the Information Technology industry, here's what you need to know. In the United States, the average salary for this position is around $120,000 per year, according to Glassdoor. However, the range can be anywhere from $86,000 to $153,000 depending on the specific role, experience level, and location. 

Some international examples include Canada, where the average salary for a Technical Product Manager is around CAD 100,000 per year, and the United Kingdom, where it is around £60,000 per year. Of course, these figures also vary depending on factors like industry, company, and location.



Career Outlook

The outlook for Technical Product Managers in the IT industry appears to be highly promising over the next five years. According to the Bureau of Labor Statistics, employment of computer and information technology occupations is projected to grow 11 percent from 2019 to 2029, much faster than the average for all occupations. As technology becomes increasingly integrated into everyday life, Technical Product Managers who specialize in software development, programming, cloud computing, and data analytics are expected to be in high demand.

Moreover, the need for Technical Product Managers is expected to rise as more companies aim to create new and innovative products to keep up with the dynamic IT landscape. Technical Product Managers who demonstrate strong leadership and analytical skills, as well as experience with various software development tools, will have an edge in this highly competitive industry.

In short, Technical Product Management is a rapidly-growing field in the IT industry, and skilled candidates can expect to find numerous opportunities for career growth and advancement over the next five years.

Frequently Asked Questions (FAQ)

Q: What is a Technical Product Manager in the IT industry?

A: A Technical Product Manager is a person responsible for managing the development and delivery of technology-based products or services.

Q: What skills are required to become a Technical Product Manager?

A: Strong communication skills, analytical skills, technical expertise, and the ability to manage multiple projects simultaneously are all required for this job.

Q: What are the daily responsibilities of a Technical Product Manager?

A: Some daily responsibilities of a Technical Product Manager include collaborating with engineering teams, analyzing market trends, developing product roadmaps, and managing product releases.

Q: What is a Product Roadmap?

A: A product roadmap is a high-level strategic plan created by the Product Manager with input from stakeholders that outlines the direction of a product over a specific amount of time.

Q: What is the difference between a Technical Product Manager and a Product Manager?

A: A Technical Product Manager is a role that requires a more technical background than a traditional Product Manager, who typically focuses more on market analysis and customer research. Technical Product Managers are accountable for delivering technology products, while Product Managers deliver products in general.

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