The Product Manager
How to Double Your PM Salary (with Dr. Nancy Li)
May 22, 2024
Dr. Nancy Li, Founder of Product Manager Accelerator, shares tips on negotiating PM salaries. They discuss when to ask for a raise, overcoming discomfort in comp conversations, and strategies for securing better compensation. Learn about the importance of timing, mindset, and building a personal brand for salary negotiations.
35:56
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Quick takeaways
- Changing the mindset to understand one's worth is crucial in negotiating PM salaries.
- Providing a specific number, understanding employer budgets, and using the right language are key in PM salary negotiations.
Deep dives
Negotiation Challenges for Product Managers
Product managers face challenges in negotiating salaries due to fear of asking for more, lack of information about budget constraints, and difficulty in effectively selling themselves. Overcoming these challenges requires changing the mindset to understand one's worth, gaining insight into company budgets to make informed salary requests, and learning how to effectively communicate value to employers.
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