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As a Product Manager (PM) who reads an average of ten articles on the subject every day, I’ve noticed something important:

There’s a lack of discussion on the importance of statistics and mathematics for Product Managers.

Research and analytical skills are crucial for making data-driven decisions, and a working understanding of fundamental statistics and mathematics is required in order for you to excel — pun intended — in your career.

Thankfully, acquiring math and statistics skills is not difficult in our modern age. Let’s start with the basics.

The common mathematics requirements for Product Managers include:

- secondary school algebra, - basic mathematics concepts, - basic data analysis, and - no prior experience.

I approach every problem with an analytical mindset — like its a puzzle just waiting to be solved. I break down the problem into smaller pieces, group similar characteristics, and solve it. The ultimate goal is to present the solution in a logical and easy-to-explain manner, like a detective revealing the culprit and their motive.

While this is my signature approach, everyone is different in light of varied backgrounds and education, so don’t worry if you’re not up to speed on these concepts.

Online services such as Khan Academy and Udacity are your best friend for learning and refreshing your knowledge on anything math-related.

Algebra Basics | Khan Academy Statistics and Probability | Khan Academy Free Intro Statistics Course | Free Courses | Udacity

Statistics is a crucial aspect for Product Managers.