Kudos for my product management books last week, this time from a student at the Cornell Tech MBA program, which places a whopping 80% of their graduates in product management roles.
Read what readers have to say about Lewis C. Lin's product management interview book, Decode and Conquer.Read More
Woo hoo! I'm happy to announce another job offer win for the PM interview community. This time it's with Microsoft!
The answer is a lot...and Amazon wins by a big margin. A couple of big takeaways from the data:
- Michigan Ross MBA grads are beloved by Amazon. They lead the pack with 60 hires.
- Northwestern Kellogg MBAs are the top school at Google. They win out with 20 hires, followed by MIT Sloan and Duke Fuqua.
- Michigan Ross is again the favorite at Microsoft with 30 hires, followed by Duke Fuqua at 22 hires.
A few notes about the data:
- Numbers were compiled from official MBA employment reports.
- All reports were published in fall 2016, which includes numbers for both class of 2016 and class of 2017.
- Cumulative hire numbers include both full-time and summer internship hires.
- Other schools were not featured because they did not provide the appropriate per-company breakouts.
On our Slack interview community, Jennifer asked:
Does anyone have a suggestion on how to practice estimation interviews without a 2nd person helping you out?
Announcing Case Interview Math Practice
The answer is yes! We've recently launched our case interview math practice software just a couple of weeks ago. You'll find over 50 practice questions including:
- Estimations + guessestimates
- Price elasticity
- Lifetime value
- Stating assumptions
There are a few more reasons why you should check it out:
- This is perfect for those who are preparing for quant. heavy interviews such as McKinsey, BCG, and Bain.
- The practice problems are the same ones featured from my #1 Amazon.com best selling book on case interview math problems.
- It's free.
I'm happy to announce another win for the product manager interview community: a job offer with Amazon's AWS team!
Lastly, you mind find these two remaining Amazon product management resources to be helpful:
A simple 5-step checklist for Seattle home buyers.Read More
Woo hoo! Great news from one of my half-day workshop attendees! They landed an Amazon PM internship! Read their full comments here:
I'm a first year MBA student at [West Coast University] and we met when you were on campus at the end of last year for a Product Management workshop. I got my Decode and Conquer copy signed by you after the session. I wanted to inform you that both Decode & Conquer and 150 PM Interview Questions books helped me immensely in my preparation for PM interviews, particularly since I was trying to transition from a Consulting background. I have successfully landed the Sr.PM internship role with Amazon for this Summer, and it was my target company. I would like to thank you for the content you've provided and material covered in your books! Hands down the best questions I've come across in my preparation. Thank you again, and good luck with your future work. :)
I'm excited to announce that our product manager mock interview practice community now has an archive!
And as always, if you haven't joined already, sign up for the Product Manager Interview Community.
I'm happy to announce yet another win for our product management mock interview community.
One of our long-time members just nailed offers from Amazon and OpenTable. You'll see in the note below the amount of effort and practice she put in.
All of us at the Product Management Interview Community is incredibly proud of her. We wish her the best on her new journey!
PS Her old PM role is now open at a leading consumer brand. Find more details at the community.
Photo credit: Amazon, OpenTable, Lewis C. Lin's PM Interview Community
Reviews for Lewis C. Lin's books including Amazon.com bestsellers Decode and Conquer, Interview Math, Rise Above the Noise, and Five Minutes to a Higher Salary.Read More
In list format, here's why li.st rocks.
Here's why people like it
- Easy to read. Lists are super scannable. Especially on a mobile device, on the go.
- Easy to write. Lists are fast and easy to generate. They're short.
- The community. If you've been on Facebook, LinkedIn, Twitter, or Quora, you know what I mean
- BJ Novak. He posts a lot.
- Tweetstorm-esque. Not as awkward to use as the Twitter (hack) version.
- Addicting. The Travel Channel in the late 90s discovered a trend that every single publisher has copied in the last 20 years. Audiences love lists and rankings. And the numbers (below) back it up: 45% of content with 20k social shares revolved around a comparison or ranking. Look no further than Buzzfeed, and you'll find that lists are super addicting. Examples include top 10 European beaches, top 10 U.S. colleges, and the 5 Best Seattle Restaurants 2016.
Here's what they use it for
- Share opinions.
- Share favorite things.
- Share things they hate.
- Share general purpose information. It's easier including party / event notifications, for sale items.
- Share stories. Below is a great example. It's like Snapchat Stories but in a different format.
Will people keep using it
- For Sure
Final Thoughts (not in list form)
The list revolution is on. It's similar to when Twitter introduced 140 character messages, Instagram introduced filters, or Vine revealed 30 second videos.
By adding constraints to communication (aka list format), it will ironically increase creativity for the medium.
And just like Twitter, Instagram and Vine -- this is perhaps the first time the "list medium" is wrapped up with a social network.
Why Anonymous Social Network Sites Will Come Back in 2017
I don't believe there's a lack of utility with anonymous networks. Anonymous can be useful. A few examples:
- Anonymous questions and answers on Quora
- Anonymous Twitter accounts, like FakeSteveJobs on Twitter (before Dan Lyons' revealed himself)
As a new Reddit user, I've discovered how powerful the Reddit community is, and most of its users are anonymous. Its users are brave and courageous; arguably, I don't believe your average Reddit user would be as outspoken without anonymous protection.
Why Secret App Failed in 2015
My conclusion on why Secret failed: poor competitive strategy. And here's why:
- YikYak dominated location-based, anonymous discussion at schools, so Secret could not occupy that space.
- If Secret was competing in anonymous discussion in general (non-location based), it could not overcome Reddit's strong user base and community.
I'm not sure if Secret could have done something different with its assets, but competing head-on with YikYak and Reddit was a losing proposition.
SEE ALSO: 60+ Brilliant Salary Negotiation Scripts
One of the pinnacle rules of negotiation is to not to give a number first. In salary negotiations, revealing your current or expected salary can be detrimental to your success. If you reveal a number too high, the company might screen you out. If you reveal a number too low, they might try to get you for less money than you're worth. Avoid both of these scenarios by avoiding talk about salary until you receive an offer. If the recruiter explicitly asks for this information however, use these phrases to deflect the dreaded salary questions.
The phrases will work for both phone and email.
4 APPROACHES TO DEFELCTING SALARY QUESTIONS
The Very Nice Approach
"Why don't we first complete the interview process? If there's a good fit on both sides, I'm sure we can figure out a compensation package that works for both of us."
The Practical Approach (Alternate 1)
"It's too early to talk about compensation, especially since you don't know the value I can bring to your company. Let's do the interview first, and we can talk about compensation later.
The Sensitive Financial Information Approach (Alternate 2)
"I am uncomfortable sharing my current salary. I do not disclose my personal financial situation to others. I keep that information private."
The Corporate Confidential Approach (Alternate 3)
"I signed an NDA with my current employer to not divulge corporate information to others. If you signed a NDA, you wouldn't divulge confidential information to others would you?"
BONUS INFORMATION: WHAT TO DO IF THE RECRUITER PERSISTS
Some recruiters will persist in asking for your current salary. Some can't help but to ask again; others feel offended when you decline to share. They might say something to the effect of, "I've talked to four candidates today, and all of them have divulged their current salary info."
Resist the pressure. Stand your ground and repeat your earlier explanation in a matter-of-fact, without emotion or any other language that might offend the asking party.
SEE ALSO: 60+ Brilliant Salary Negotiation Scripts
Photo credit to Hector Alejandro
A reader asked me, what's been the biggest shift in publishing since the digital age began? Now that I've published eight books, publishing is a topic I definitely have my two cents on. So here we go:
Publishing in the Digital Age: The Top 7 Impacts
- Self-publishing. Createspace has made it super easy for new authors to write a print book.
- Distribution. Authors no longer have to beg Barnes and Noble to carry their books.
- Editing. The digital age has placed a premium on timely information, and editing is often sacrificed to publish books quickly.
- Niche content. Thanks to changes in 1 and 2, the number of niche titles has flourished.
- Author marketing. Partly due to self-publishing and partly due to social media, the burden and efficacy of marketing now falls more on the author than the publisher. Authors can engage readers through social media, email marketing, and upcoming tools like Evan Jacobs's Authorgraph.com. Bonus points if the author is a social media celebrity like Kim Kardashian.
- eBooks. Popularity of eBooks has absolutely changed the game. From a readers' perspective, the benefits of eBooks include: lower price point, instant delivery, and easy portability. For a vacation, it's a lot easier to carry 40 books on a Amazon Kindle than it is in paper form.
Photo credit: Brenda Starr
You should always try to negotiate offers, but never negotiate a verbal offer.
If you do get a verbal offer, your next step is to get the offer in writing. Why? Two reasons:
- Verbal offers are not documented, so it’s more likely the recruiter can play a “he said, she said” game and claim that they never made an official offer. If there’s no official offer, then why are you negotiating?
- Verbal offers usually do not have an expiration date. Without an expiration date, you’ll be more vulnerable and less effective negotiating, fearing that the other party can withdraw the offer with an errant negotiation ask or clarification question.
So get that offer in writing. And from there, you can negotiate your written offer using these 30+ negotiation email templates.
Photo credit: Joe Hall
It's not illegal for companies to ask.
It's not illegal for you to say no to their request.
Do keep in mind that if you say no, you will have to do it diplomatically. If there's any awkwardness to how you do it, they may wonder if you are bluffing.