Career Overlap Transition record
RecordMove

Product manager to banking products manager

A product manager already meets 26% of what the banking products manager role asks for. The move turns on 20 required skills not yet in the profile.

Fig. 1 · Skill transfer ESCO v1.2.1 · directional
From product manager
26 % overlap
Distant match
To banking products manager
10 You already bring
20 Still to learn
45 Skills in the target role2
Learning distance A rebuild

76.3/ 100

1 How much of what a banking products manager is expected to do is already part of a product 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 8 of its required skills as things a product manager already does. You would walk in with these on day one.

  • analyse market financial trends
  • develop product design
  • draw conclusions from market research results
  • market research
  • perform market research
  • plan product management

What stands in the way is 20 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 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 advise on communication strategies communication, collaboration and creativity
  • already held market research business, administration and law
  • already held develop product design communication, collaboration and creativity

All 10 carried skills, including the 8 the banking products manager role treats as required.

Table 3

Table 3 · What you may need to learn

The 35 missing skills fall into 8 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 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
  • still to learn marketing principles 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 communication, collaboration and creativity 2 required, 2 supplementary
  • still to learn advise on financial matters required
  • still to learn liaise with managers required
  • optional, not held advise on investment optional
  • optional, not held communicate with banking professionals 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 information skills 1 required, 3 supplementary
  • still to learn analyse financial performance of a company required
  • optional, not held analyse business plans optional
  • optional, not held analyse financial risk optional
  • optional, not held carry out strategic research optional
06 assisting and caring 1 required
  • still to learn follow company standards required

2 further areas 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 analyse market financial trends skill
  • already held develop product design skill
  • already held draw conclusions from market research results skill
  • already held market research knowledge
  • already held perform market research skill
  • already held plan product management skill
  • already held prepare market research reports skill
  • already held sales strategies knowledge
  • already held advise on communication strategies skill
  • already held cost management knowledge
The 2 learning areas not shown above
Skill to pick up Tier
07 social sciences, journalism and information 1 required
  • still to learn economics required
08 natural sciences, mathematics and statistics 2 supplementary
  • optional, not held statistics optional
  • optional, not held survey techniques optional
15 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 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
52 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 strategic thinking skill
  • not needed by the target role carry out sales analysis skill
  • not needed by the target role circular economy knowledge
  • not needed by the target role combine business technology with user experience skill
  • not needed by the target role consumer goods industry knowledge
  • not needed by the target role coordinate events skill
  • not needed by the target role create prototype of user experience solutions skill
  • not needed by the target role define technology strategy skill
  • not needed by the target role design customer experiences skill
  • not needed by the target role design management knowledge
  • not needed by the target role develop business plans skill
  • not needed by the target role develop communications strategies 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 develop revenue generation strategies skill
  • not needed by the target role ensure products meet regulatory requirements skill
  • not needed by the target role execute marketing plan skill
  • not needed by the target role follow production schedule skill
  • not needed by the target role identify market niches skill
  • not needed by the target role industrial research and development knowledge
  • not needed by the target role integrate marketing strategies with the global strategy skill
  • not needed by the target role make data-driven decisions skill
  • not needed by the target role manage budgets skill
  • not needed by the target role manage feedback skill
  • not needed by the target role manage product testing skill
  • not needed by the target role manage production systems skill
  • not needed by the target role manage profitability skill
  • not needed by the target role manage the customer experience skill
  • not needed by the target role manage the handling of promotional materials skill
  • not needed by the target role market pricing knowledge
  • not needed by the target role maximise sales revenues skill
  • not needed by the target role organise participation in local or international events skill
  • not needed by the target role oversee quality control skill
  • not needed by the target role perform product testing skill
  • not needed by the target role persuade clients with alternatives skill
  • not needed by the target role pricing strategies knowledge

12 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 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
  • still to learn marketing principles 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 manager

Full index of moves from product manager

FAQ

Common questions about this move

Can a product manager become a banking products manager?

Yes, and it is a career change move. A product manager already covers 26% of what a banking products manager is expected to do: 10 skills carry over, 8 of which the banking products manager role treats as required.

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

20 required skills are missing, plus 15 optional ones. They fall into 8 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 manager to banking products manager?

Its learning distance is 76.3 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.