RecordMove

Product development manager to banking products manager

A product development manager already meets 28% of what the banking products manager role asks for. The move turns on 19 required skills not yet in the profile.

Fig. 1 · Skill transfer ESCO v1.2.1 · directional

From product development manager

Distant match

To banking products manager

10 You already bring

19 Still to learn

45 Skills in the target role2

Learning distance A rebuild

75/ 100

adjacentmoderatesubstantialcareer change

1 How much of what a banking products manager is expected to do is already part of a product development manager’s work. Directional: the figure for the reverse move differs, because moving into a speciality is not the same problem as moving out of one. 2 Every skill the banking products manager role is recorded as needing, required and optional together. What these numbers mean.

Why

Why this move works

A banking products manager role treats 9 of its required skills as things a product development manager already does. You would walk in with these on day one.

develop product design
draw conclusions from market research results
follow company standards
liaise with managers
market research
marketing principles

What stands in the way is 19 required skills the profile does not yet cover. Table 3 groups them; Table 4 says which to take first.

Table 2

Table 2 · What you already bring

Of the 10 skills that carry over, these are the ones fewest other occupations ask for. A banking products manager role needs them, and most people applying for one will not have them already. This is the part of a product development manager background worth leading with.

Skill the target role also needs Area

already held prepare market research reports communication, collaboration and creativity
already held draw conclusions from market research results information skills
already held plan product management management skills
already held market research business, administration and law
already held develop product design communication, collaboration and creativity
already held marketing principles business, administration and law

All 10 carried skills, including the 9 the banking products manager role treats as required.

Table 3

Table 3 · What you may need to learn

The 35 missing skills fall into 7 areas of the ESCO skill hierarchy, numbered in the order worth working in. Areas carrying the most required skills come first, and inside each one the required skills sit above the optional ones. Nothing here is a verdict on you: it is a list of what this particular job asks for that your current one does not.

Skill to pick up Tier

01 business, administration and law 7 required, 3 supplementary

still to learn corporate social responsibility required
still to learn sales strategies required
still to learn financial analysis required
still to learn financial management required
still to learn financial products required
still to learn financial statements required
still to learn marketing management required

optional, not held banking activities optional
optional, not held financial markets optional
optional, not held securities optional

02 management skills 6 required, 4 supplementary

still to learn coordinate marketing plan actions required
still to learn create a financial plan required
still to learn define measurable marketing objectives required
still to learn develop product policies required
still to learn enforce financial policies required
still to learn strive for company growth required

optional, not held ensure finished product meet requirements optional
optional, not held make strategic business decisions optional
optional, not held operate financial instruments optional
optional, not held plan health and safety procedures optional

03 information skills 2 required, 3 supplementary

still to learn analyse financial performance of a company required
still to learn analyse market financial trends required

optional, not held analyse business plans optional
optional, not held analyse financial risk optional
optional, not held carry out strategic research optional

04 information and communication technologies (icts) 2 required, 1 supplementary

still to learn core banking software required
still to learn trading software required

optional, not held electronic business optional

05 communication, collaboration and creativity 1 required, 3 supplementary

still to learn advise on financial matters required

optional, not held advise on investment optional
optional, not held advise on communication strategies optional
optional, not held communicate with banking professionals optional

06 social sciences, journalism and information 1 required

still to learn economics required

1 further area in the appendix

Table 4

Table 4 · Where to start

The 3 entries a banking products manager role is least likely to hire without. The ordering is computed from the skill data, not from what pays.

Each entry opens a course search for that skill. Career Overlap earns nothing from these links.

Appendix

Appendix · The rest of the record

All 10 skills that carry over

Skill Type

already held develop product design skill
already held draw conclusions from market research results skill
already held follow company standards skill
already held liaise with managers skill
already held market research knowledge
already held marketing principles knowledge
already held perform market research skill
already held plan product management skill
already held prepare market research reports skill
already held cost management knowledge

The 1 learning area not shown above

Skill to pick up Tier

07 natural sciences, mathematics and statistics 2 supplementary

optional, not held statistics optional
optional, not held survey techniques optional

16 supplementary skills, helpful but not required

Skill to pick up Tier

optional, not held advise on investment optional
optional, not held electronic business optional
optional, not held advise on communication strategies optional
optional, not held analyse business plans optional
optional, not held analyse financial risk optional
optional, not held banking activities optional
optional, not held carry out strategic research optional
optional, not held communicate with banking professionals optional
optional, not held ensure finished product meet requirements optional
optional, not held financial markets optional
optional, not held make strategic business decisions optional
optional, not held operate financial instruments optional
optional, not held plan health and safety procedures optional
optional, not held securities optional
optional, not held statistics optional
optional, not held survey techniques optional

46 held skills the banking products manager role does not ask for

Skill Type

not needed by the target role analyse consumer buying trends skill
not needed by the target role analyse cultural trends skill
not needed by the target role analyse data about clients skill
not needed by the target role analyse economic trends skill
not needed by the target role apply systemic design thinking skill
not needed by the target role calculate design costs skill
not needed by the target role calculate production costs skill
not needed by the target role chemistry knowledge
not needed by the target role combine business technology with user experience skill
not needed by the target role conduct metallurgical structural analysis skill
not needed by the target role consult with technical staff skill
not needed by the target role create technical plans skill
not needed by the target role define technical requirements skill
not needed by the target role design customer experiences skill
not needed by the target role design drawings knowledge
not needed by the target role design management knowledge
not needed by the target role design metal components skill
not needed by the target role design prototypes skill
not needed by the target role develop new products skill
not needed by the target role develop promotional tools skill
not needed by the target role engineering processes knowledge
not needed by the target role ensure compliance with environmental legislation skill
not needed by the target role ensure products meet regulatory requirements skill
not needed by the target role identify market niches skill
not needed by the target role improve business processes skill
not needed by the target role industrial research and development knowledge
not needed by the target role innovation processes knowledge
not needed by the target role lead a team skill
not needed by the target role legal requirements of ICT products knowledge
not needed by the target role liaise with engineers skill
not needed by the target role liaise with industry experts skill
not needed by the target role maintain relationship with customers skill
not needed by the target role manage budgets skill
not needed by the target role manage product testing skill
not needed by the target role manage the customer experience skill
not needed by the target role marketing mix knowledge
not needed by the target role measure customer feedback skill
not needed by the target role optimise financial performance skill
not needed by the target role perform product testing skill
not needed by the target role physics knowledge

6 further entries not listed here

16 gaps that are knowledge rather than practice

Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.

Skill to pick up Tier

still to learn core banking software required
still to learn corporate social responsibility required
still to learn sales strategies required
still to learn trading software required
still to learn economics required
still to learn financial analysis required
still to learn financial management required
still to learn financial products required
still to learn financial statements required
still to learn marketing management required
optional, not held electronic business optional
optional, not held banking activities optional
optional, not held financial markets optional
optional, not held securities optional
optional, not held statistics optional
optional, not held survey techniques optional

Index

Other moves recorded from product development manager

Full index of moves from product development manager

FAQ

Common questions about this move

Can a product development manager become a banking products manager?

Yes, and it is a career change move. A product development manager already covers 28% of what a banking products manager is expected to do: 10 skills carry over, 9 of which the banking products manager role treats as required.

What skills does a product development manager need to become a banking products manager?

19 required skills are missing, plus 16 optional ones. They fall into 7 areas of the ESCO skill hierarchy, led by business, administration and law. The single most important is core banking software.

How hard is the move from product development manager to banking products manager?

Its learning distance is 75 out of 100, which is the career change band. That accounts for both how much is missing and how specialised those skills are.

Note

How this record was compiled

Both occupations are taken from ESCO, which lists the skills and knowledge each occupation is expected to have and marks every one required or optional. Nothing here is a prediction about hiring, and nothing here knows that a particular employer wants a particular certificate. Treat Table 3 as a starting point for your own research rather than a syllabus. The full method states what these figures can and cannot tell you.