How Many Applications Do You Need to Convert a Product Manager Job in 2024?
This was taken directly from a member who landed a job this week:
“I added up all the numbers today, As of today, 1,519 applications since November. 542 rejections. 102 round one requests so that is a 6.7 resume conversion. I took 84 round ones.I took 49 round twos, 14 round threes, and then one offer, but they're still appending.
It's a lot of work.
1,519 Applications since November 2023
542 Rejections - 35% Rejection Rate
102 Round 1s - 7% Conversion Rate for Application to Round 1
84 Round 1s
49 Round 2s - 58% Conversion Rate for Round 1 to Round 2
14 Round 3s - 29% Conversion Rate from Round 2 to Round 3
1 Offer - 7% Conversion Rate
More Offers Pending
There are a lot of reasons for this in this market.
Positions are put on hold.
Hiring freezes.
Budgets get reallocated.
Requirement for the role changes.
Not qualified for the position.
Bad hiring managers.
Hiring managers not knowing the product manager they want or need on their team.
Market conditions.
Is the shot gun approach better or should you take the more targeted approach?
My answer is both!
Divided up your day to do both and time block your calendar for maximum efficiency.
Follow us on Instagram to get the most up-to-date job-hunting tips for Product Managers and interview referrals.
DM Rich on LinkedIn for a Resume Review and to Join the Product Management Interview Referral Network 👉 - https://bit.ly/48RJWYI
I also created a mini course showing Product Managers how to revamp their own resumes themselves, identify the right hiring managers on LinkedIn, and craft the types of LinkedIn messages Dennis used to convert interviews. The program is only $27 a month and I am currently working on creating an Airtable for hiring partnerships.
You can refer to the link to learn more, which I suggest.
In this market speed to lead is the most important thing.