Is the product development dream in India over?

A quick scan of LinkedIn reveals that there are only 16 jobs available across 9 firms with the designation “Product Manager” in the whole of India. Of these, you can discount the perennial ads from Yahoo, Google and Amazon (they have been running the same ads for more than 6 months now).

In the remaining firms, only BMC Software, Model N, Play Games 24X7, Electronic Arts, Angel Prime (an incubator) and a few others are looking to hire product managers in India. Additionally, the job description makes it clear that they are looking for help in the areas of product design and development, and no outbound activities are really described.

Another interesting fact to observe is that most of these are consumer facing product management roles, and very few enterprise product management roles are available now. Perhaps this would be a good time to start beefing up your skill set in the consumer product management areas.

If you look at job portals such as naukri.com and monster.com, you can see a similar trend. While there has been a distinct slowdown in hiring in the technology industry, the disappearance of PM jobs indicates something more drastic. Nobody seems to be making new investments in product development anymore. As this has become a buyer’s market, you can expect the salaries offered to crash based on the desperation of candidates.

Post a comment if you wish to discuss this.

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