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Associate Product Manager - Job Opportunity at CarMax

Richmond, USA
Full-time
Entry-level
Posted: January 23, 2025
Remote
USD 103,500 - 165,600 per year

Benefits

Comprehensive healthcare package with medical, dental, and vision coverage positioned as premium benefits
Strategic wealth building through employee stock purchase plan showing long-term investment in employees
Competitive paid time off policy indicating work-life balance focus
Career development through structured Product Education Program (PREP) demonstrating investment in talent

Key Responsibilities

Lead strategic product discovery and customer research initiatives to drive business transformation
Develop and validate product hypotheses through rapid prototyping and iteration
Guide cross-functional teams in developing scalable solutions for complex automotive retail challenges
Drive data-informed decision making through quantitative analysis and qualitative insights
Direct product strategy alignment with business goals and stakeholder requirements

Requirements

Education

Undergraduate degree in relevant field

Experience

1-2 years of experience in Product or related field

Required Skills

Stakeholder management Customer discovery Product analytics Cross-functional collaboration Strategic thinking Data analysis Problem-solving Innovation mindset
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Sauge AI Market Intelligence

Industry Trends

Digital transformation in automotive retail accelerating need for product management talent Increasing focus on omnichannel customer experience driving product strategy Growing importance of data-driven decision making in auto retail

Salary Evaluation

The offered salary range is competitive for an entry-level product role, particularly with remote flexibility. The wide range (103.5K-165.6K) suggests room for negotiation based on experience and qualifications

Role Significance

Likely part of a product team of 5-8 members, including engineers, designers, and data scientists, with senior PM mentorship
Entry-level position with clear path to advancement through structured PREP program, indicating strong organizational investment in role development

Key Projects

Digital customer experience optimization Online car buying platform enhancement Customer journey mapping and optimization Data-driven product feature development

Success Factors

Strong analytical capabilities combined with customer-centric mindset Ability to navigate complex stakeholder environments while driving innovation Balance of technical understanding and business acumen Effective communication across diverse functional teams

Market Demand

High demand with strong growth potential due to automotive industry's digital transformation and CarMax's market position

Important Skills

Critical Skills

Customer discovery and research skills for understanding complex automotive purchase behaviors Data analysis capabilities for driving product decisions Stakeholder management for navigating large organizational structure Product strategy development aligned with business objectives

Beneficial Skills

Automotive industry knowledge UX/UI design understanding Agile methodology experience Digital marketplace dynamics

Unique Aspects

Structured product management development program (PREP) unusual in automotive retail
Direct involvement in transforming traditional car buying experience
Combination of retail and technology sector dynamics

Career Growth

Typical progression to Product Manager within 18-24 months through PREP program, with subsequent advancement based on performance

Potential Next Roles

Product Manager Senior Product Manager Product Director Head of Product

Company Overview

CarMax

CarMax is the largest used-car retailer in the United States, known for disrupting traditional auto sales with a transparent, customer-focused approach

Industry leader with over 200 locations nationwide and significant digital presence
Strong east coast presence with Richmond headquarters, but national operational scope
Innovation-focused environment with emphasis on employee development and work-life balance
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