I now realise that if you become a PM in one sector (say B2B SaaS), then it is not as easy (as marketed) to just switch to another, even at the PM level (let alone SPM or higher).
So, what is the progression generally like?
Also, for someone new into PM (only a year), what can be indicators that they should probably explore different sectors (post an upskilling break), like Software Development or Data Science or Marketing even, for example. Is the career progression for the latter roles worse in the long term?
Why does everyone want to become a PM after a point (from UI/UX to SWE to Data analysts)? Is that solely interest based, is it the pay, or is it because PM as a career offers better prospects in the long run? (what are they?)
Progression in a PM career is INSANELY hard I'm not talking about an exponential trajectory where you become a VP in 7 years. Even your average linear growth from PM to SPM in 4yrs requires a lot of luck and hardwork.
In my current firm, there are Directors and VPs from both B2C and B2B domains (the CPO's previous stint was at Treebo hotels!) , and all of them have great leadership, pedigree, successful products or got in at the early stages.
For average PMs the progression is non-existent after some time, they're stuck at the same level or get laid off. I've personally seen this happen in 3 different Saas firms I've worked. They were all 40+ yrs old and still at SPM level.
To progress in a PM career and switch sectors/domains, you'd need to be the top 1% and be incredibly lucky with timing etc.
That's kind of grim. While I'm still young, I can't help but wonder if I am digging my own grave if I choose to continue in a field that I am not 100.00% sure about. I do get the thought at times that maybe I should switch to a different role, or at the very least, think about higher studies. What's your take on that?
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