Quote:
Originally Posted by firedrocket
Dear Baccardisprite and fellow Puys,
I'm a BE graduate in ECE with 4.5 yrs of IT experience (retail domain)
with a Software services company (TCS).
I would like to shift my area of work to Product development.
Though not interested (and nil exp) in software product devpt, my interests are to work in the area of design and development of consumer-friendly innovative products like consumer goods, electronics etc (any marketable general merchandize) or in the area of research where cuting-edge technologies are played around (nano tech, Computer-brain interface etc).
My dream role is to manage any product development firm or research lab
(as said above) wherein I would like to understand the customer needs,
analyse market, provide best innovative solutions as a team and also manage - new initiatives, supply chain of new product and the financial part.
Companies like 3M & NASA interests me a lot..I'm not specific about any geography for working or for higher studies (Ok with India or abroad).
Could you please answer the following?
1. What are different roles that are availabe in the job market
matching my interest? How good is this domain in terms of job prospects and salary?
2. How can I attain my aspirational/dream role?
3. Should I go for any specific course in Product development? What are the study options available (India or abroad)?
4. There is a Masters degree in Product Service System Design offered by
Politecnico Di Milano, Italy ( www.polimi.it). Also TU Delft offers some courses in design.
Any idea about this school / course and its future prospects?
I'm eagerly waiting for your response. Kindly reply. Thanks in advance.
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Excellent set of questions!
1. Product Development means different things to different companies in different industries. In certain industries, R&D and product development are used interchangeably. In others - product development is the function which:
- Either designs products or services around customer / consumer need
- Or executes / manages the engineering & trial manufacture of product or service, finally overseeing its launch before handing over the daily management / sales of the product to the appropriate functions
- a combination of the above
The people who get these jobs are "normally" 7-10 years experienced and have a combination of operational / supply chain
or R&D
and marketing / franchise and sales jobs under their belt
.
Clearly, a sought after position in engineered product, and manufacturing focused industries including FMCG, Tech hardware, electronics, life sciences etc... Salaries are competitive and for the right candidates (experience and profile) can cross six-figures.
2. One scenario is to be patient, search around job sites to see if you can make the interim move into even a software / design using software focussed product development job (product / service engineering). Try getting into a more client facing role and see if it's possible for you to get more commercially focused experience. Try also to look for friends in your network who are in jobs with product development / product management elements in them.
In this scenario - try and gain experience before further education and you have something valuable to take to your new employer.
3. This is your other option and your second scenario - if you can swing a good GMAT / GRE, build a compelling rationale for your career and get good academic and professional references - MIT's Engineering Systems degree would be my top pick and recommendation. Have a look at esd.mit.edu
In the next 1 to 1.5 years, learn a foreign language.
Cheerz