IT ALL DEPENDS!
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This is highly subjective. It varies from individual to individual.
To generalize, project managers embark on a journey to become entrepreneurs to launch their businesses. -
Some of them become consultants, advising startups in their early stages of product development.
PMs may also be educational consultants, taking product management classes online or in colleges. -
And, yes, the PM journey does lead to a career as a Venture Capitalist.
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With some re-skilling, you can transition into a UX design role if you have an eye for design and an interest in it.
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If you want to work in engineering or architecture, you must first assess what hard skills you need to develop and transition.
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If you are more interested in customer research and market research, product marketing management is a great path to take.
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Talk to people in these roles in your company to find out what skills they have, where you have gaps, and where your interests lie and then decide.