Table 1Transition record

product development managertobanking 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.

From product development manager

28%

Overlap1

To banking products manager

10 Skills carried over

19 Required, not held

75 Difficulty2

Career overlap Distant match

28%

Learning distance A rebuild

75/ 100

Easy adjacentmoderatesubstantialcareer change Hard

1 Share of the banking products manager role’s weighted skill requirement already met by the product development manager profile. Required skills count in full, supplementary skills at 0.35. Directional: the figure for the reverse move differs. 2 Combines what is missing with how specialised it is, so a gap of general skills scores easier than the same number of narrow ones.

Why

Why this move works

A banking products manager role treats 9 of its required skills as things a product development manager already does. These are the ones it depends on most.

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 would need to learn

The 35 missing skills fall into 7 areas of the ESCO skill hierarchy, numbered below in the order worth working in: the areas carrying the most required skills come first, and inside each one the required skills sit above the supplementary ones.

Skill to acquire Tier

01 business, administration and law 7 required, 3 supplementary

required, not held corporate social responsibility required
required, not held sales strategies required
required, not held financial analysis required
required, not held financial management required
required, not held financial products required
required, not held financial statements required
required, not held 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

required, not held coordinate marketing plan actions required
required, not held create a financial plan required
required, not held define measurable marketing objectives required
required, not held develop product policies required
required, not held enforce financial policies required
required, not held 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

required, not held analyse financial performance of a company required
required, not held 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

required, not held core banking software required
required, not held trading software required

optional, not held electronic business optional

05 communication, collaboration and creativity 1 required, 3 supplementary

required, not held 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

required, not held 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 acquire 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 acquire 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 acquire Tier

required, not held core banking software required
required, not held corporate social responsibility required
required, not held sales strategies required
required, not held trading software required
required, not held economics required
required, not held financial analysis required
required, not held financial management required
required, not held financial products required
required, not held financial statements required
required, not held 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

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.