What to look for in an answer: "For only $20 more, you get at least $100 more worth of features with this product. Validate that the decisions were typically ancillary changes, not impacting the core of the product. An experienced product manager will embrace the responsibility for the success of the product or service. A product manager is also responsible for the delivery but they will act more as a business owner, responsible for the success or failure of the product or service in the market. For example, it syncs to your smartphone, computer and other devices to save you a lot of time and hassle. Lifers are pretty … If so, talk about what your role was in the development of this product. Also, there is only one way of getting more interviews: applying to every opportunity. You will have to answer screening, behavioral and technical questions, demonstrating your knowledge of the field, right attitude to work, and your motivation. A hard decision is driven by recognizing that a recommendation is going to impact a lot of people, and the business overall. They should be concerned how the EOL might affect future sales or create litigation and need to have a good handle on the risk/reward analysis. Not every “A” candidate worth hiring will be able to answer them all, nor does answering them all guarantee an “A” candidate. Listen for explanations that describe their decision-making acumen, their communication skills, and respect for the team. At the end of the day. Because of my knowledge of analytics and statistical significance, I was able to determine that ideas for a previous product launch were likely based on chance. The best way to improve your Product Manager interview skills is through direct experience. You want to experience leadership and connection. There are four key categories to listen for, including business metrics, product usage metrics, product development metrics, and product quality metrics. In the context of product management, how would you describe “low-hanging fruit”? With this question, you get to see the candidate's thought process and how technical and soft skills are combined. An experienced product manager will be able to describe market opportunity in various ways, including the total dollar value available in the market. A professional product manager will always manage the communications around “fault.” For a team effort, they would ultimately own the responsibility for the delay, taking the blame and need to learn from that experience to correct estimates and commitments for the future. Facebook has an RPM program to help open doors to people with or without a technical degree; prior PM experience is not required. Product Manager Interview Questions; 7 Product Manager Interview Questions and Answers . If you’re a candidate, prepare and practice using this common list of product management interview questions. “Our team created and patented complex machine learning algorithm to predict traffic volumes” is a reasonable response. Books are great, but nothing beats getting informationfrom the horse’s mouth. Hard decisions imply having to convince a lot of people of a point of view. Working with customers and developers and meeting deadlines is what I particularly enjoy, so the paperwork side feels slow in comparison.". A second, more detailed technical analysis would do a feature-by-feature comparison, highlighting the gaps that the competitor has. Of key importance is to listen for the collection process for data, what comprises PII data (anything that can be tied to a person) and the right to be forgotten. 2. Free interview details posted anonymously by Indeed interview candidates. The learnings are key, as they will identify an individual who has taken the experience to heart and improved. In an internet commerce where apps can be downloaded from anywhere, explore their understanding of the risks. Product managers must make strong complex decisions. Fines for non-conformance are potentially in the tens of millions of dollars. But this has not provided the “So what?” answer. But I got a job in product management as a woman with no work experience in tech and a degree in...wait for it...sociology. How do you gain credibility from the development/engineering teams as a new product manager? Can you describe how the product organization has changed over time? Where is it headed in terms of scale, hiring goals, etc.? Product Manager Interview: The Favorite Product Question. I think it goes without saying that you have to nail the interviews. The first director asked Management consulting type question like profit estimation. Assessing Your Fitness For the Role. He is a thinker and a doer and understands how to manage difficult projects. Explore some of the potential actions they took: They should be able to explain how they determined that there was a problem and what actions they took to resolve the gap. Termination or reassignment may have been required. For example, scalability would be one. Please note that submitted questions and answers are subject to review and editing, and may or may not be selected for posting, at the sole discretion of Toptal, LLC. What is your experience with shutting down a product or service? Dave takes a customer & hypothesis-driven approach in defining, validating, and scaling compelling products. Listen for your product management candidate to have an understanding of both the business and technical aspects of a competitive analysis. This last element implies that all records must be purged from any active or inactive archive and can have complex implications on historical analytics and machine learning solutions. The compound annual growth rate (CAGR) represents the speed at which the market is growing, and would often also be referenced when talking about a market size. Apply to Join Toptal's Product Manager Network and enjoy reliable, steady, remote freelance Product Management jobs. One of the most stringent regulations (in line with the complexity of HIPAA), the General Data Protection Regulation (GDPR) provides very stringent rules for how data related to personally identifiable information (PII) must be handled for any client in the European Union. An experienced product manager will be exploring different opportunities to meet their deadline. You can find the latest information at the this new location: Facebook Product Marketing Manager Interview: What to Expect An experienced product manager should be able to explain that Gartner is an analyst firm in the IT sector. Do you think it's a good idea to have one person performing both the Scrum Product Owner role and … Explore whether they have experience in moving the position of a product on the Gartner Magic Quadrant, and if they have, how they accomplished it. A professional product manager will be on top of the latest trends in the industry. Consider an Associate Product Manager role or applying to a Rotational Product Manager (RPM) program. An experienced product manager will recognize early that the are not going to meet their deadlines. They probably won’t let too much slip about the actual interview questions, but they can provide real world context to the PM role that you won’t get from a book. Describe a time when you had to use your persuasion skills to get buy-in from management on a risky decision. Over what period? You want to bring aboard professionals who took the time to learn about your product(s) and who can think critically about it. The type of failure they encountered should be material to the results of the product or service that they were working on. How would you explain what product management is to a professional and to a baby? Consumers should be able to use it out of the box without thumbing through a hundred pages in a manual. Each interview was approximately 30 minutes. What to look for in an answer: "A product is well-designed when it's simple, intuitive and promises what it delivers. I shouldn't be able to notice a waste of resources such as excessive packaging.". How did they initially engage with the team? SEE ALSO: Product Manager Interview Questions & Answers. The general process would be: informal phone chat with someone who works at the company -> HR phone screen -> hiring manager phone screen -> take home exercise -> onsite, usually involving a presentation of my work, situational exercises, or both. 5 rounds of questions related to amazon leadership principles and product design. I can only tell you what my path was. Also, they rarely have to contact customer support for help with an issue.". For example, if the company is financially unstable, this can be used in a “maturity and risk” discussion with a potential customer. Product managers are like houses - just because two product managers have similar years of experience in similar industries doesn't mean that they're equally valuable. It also gives you real-time insight into the candidate's communication and prioritization skills. Pro Tip: Ask candidates to use your product prior to the interview. I also check that we're staying on track by continuing to design and market the product toward the right audience.". In some cases, an individual just might not be a fit, and that person—while they have great talents in certain areas—might need to rethink their professional goals. 20 Indeed Product Manager interview questions and 20 interview reviews. The product manager needs to manage the situation and make the changes that will get the team back on track. If the solution was too complex for onboarding, then perhaps the churn rates were too high. If it’s not a direct report, they may have coordinated with the direct manager. It should be factual and presented in a professional, non-slanderous format. At first glance, it seems like a harmless question and oftentimes feels like the interviewer is just trying to make casual small talk. What are the key challenges in an end-of-life (EOL) process?