 2023 is going to be a crazy but exciting year. You have seen the stock market going up and down and company layoff employees. They also slow hiring freeze hiring. Some of you guys have to lend the internship in the summer 2023 because you'll be graduating sometime in the future. So it's very critical. You have to use the latest and new strategy to conquer economical challenges in this video. I'm going to share with you the top five strategies, how you're able to lend your PM internship as soon as possible. And in the last two months, our student lend three prime manager internship offer from Microsoft. I guarantee you follow the five strategy exactly how I told you in this video. You're able to achieve significant outcome as well. So make sure to stay until the end of the video to unsend the secret number five that majority of people do not do. Hey guys, this is Dr. Nancy Lee, a direct product and featured in Forbes. I help 100 people lend their dream PM job offer in fan companies and unicorn startup and continue to get promoted as a product leader. If you're interested in management course, you go to PM accelerator die. Oh, to learn more to learn the most effective way to become a product manager, subscribe to channels, hit the like button. So be notified every time turning video every Wednesday to lend your product manager internship in the summer of 2023. First of all, let's understand the most important question. A company still hiring right now? Even during layoff? The answer is yes. You're able to find 16,000 PM internship jobs on LinkedIn as I am filming this video right now. So there are still opportunities out there, but definitely significantly fewer than before. I've been coaching people in the program engine and space in the past a couple of years. Now, let me give you my prediction regarding how many more internship opportunities will be available in the upcoming few months. Majority of the companies, they will decide they're going to hire PM internship starting from February and March. And suddenly we'll see more PM internship openings because these companies, they are trying to look out for the new economy. They're also preparing for the summer. So therefore I want to get ready for the prime recruiting season in February and March. There will be more openings coming up. Knowing that there will be more PM internship opportunities coming up, you should also be strategic regarding what type of companies you should apply for. First of all, let's call the elephant in the room. It is true, majority companies reduce the hack on layoff people, but some companies they still send out PM internship offers already. So let's look into fan company's category and for some companies, for example, Google program manager internship, they already gave out offers and Microsoft program manager internship, they already gave out offers as well. So those positions are filled in fall 2023 already. So therefore I want you guys to focus on other fan companies if you want to go to fan companies such as Amazon. So Amazon program manager internship is still available and they give out internships throughout the entire year and also before you start your summer internship. For example, last year, I was going to receive the Amazon program manager internship in February and when he networked with prime managers within Amazon, the opportunities wasn't available. But once they opened up the opportunity, he's the first person to get in or land the internship. So therefore look into Amazon as a company because they're more dynamic. I also highly recommend all of you guys to look into non-fan companies as well because those fan companies already give out internship offers. Now for non-fan companies, especially those small media companies, they are getting ready to open up their PM internship in February and March. Now let me define small media companies. Small media companies are companies who come from the startup all the way to medium-sized companies but still generate good cash. So they're cash cow businesses even if during a recession. And those cash cow businesses they either already received lots of investment from the investors or they're already generating lots of cash flow from the customers. They will continue to hire prime managers and interns. Now let me ask you this question. What do those companies have in common? Google, Apple, Amazon, Netflix? It's not that fan companies actually, they're all born during a recession. 68% of fortune-fisher companies actually was born during a recession. So therefore capture those opportunities working for small media company could be a really good way for you to land a PM internship. Secret number three, get as many referrals as possible and do not only apply for jobs online. As we all know during recession there are much fewer opportunities out there and there's so many more candidates competing for the same job openings. So therefore you need to increase your efficiency by getting referrals into the new companies. Now how to get referrals? There are two ways to do it. Number one is that you need to look into the existing connections, especially alumni, your students. You connect with lots of alumni who can refer you into a new company, give you extreme crazy case. A friend of mine joined Google. It's crazy how he joined was because his college classmates and roommates, sister works for Google and then she got a referral into Google and then he passed interview and joined Google eventually. So those examples of referrals and doesn't have to be someone you know very well but as long as you have some weak connections and you're able to have that person to refer you. What if you don't know anybody inside a company? You just need to pitch yourself to the hiring managers or anybody currently working within the company. But the biggest mistake people make when they reach out people to get referrals is that they do not pitch themselves. They go out to ask for a job but instead you go out ask for advice. And on top of that, you should also pitch yourself so that they think you're the next Elon Musk, the next deep job, the next CEO in the future. So they really want to help the next talent out there. Oh, by the way, people don't like Elon Musk. Well, maybe he'll say, you're the next people who can even chat GBT in the future. So it's more about showing off your contribution, your talent for people to refer you into the new company. And you can learn specifically to pitch yourself to the hiring manager for 30 seconds by starting this video free training right here. The fourth secret is to build a product portfolio. Believe me, once you have a product portfolio ready, it's going to increase your success rate 10 times higher for sure, I guarantee that. Product portfolio is a tool to demonstrate your related experience and also your achievement so that you're able to show off your raw talent before you even join the company. And the company can also use that to evaluate actually you can do the job or not. And also for people who refer you, you already have a portfolio. So all of these persons really like dedicated in manding this job and joining this company and you will get much higher success rate for people to refer you as well. Of course, a product portfolio is very different from a designer's portfolio and product management portfolio can be the following. For example, your school project or your volunteer experience as long as they are related to product management. And the most important thing among everyone to understand you need to learn the product management knowledge before you turn everything into a product portfolio. For example, our students Iris, she learned the PM internship offer from Microsoft. She turned her past experience into a product portfolio so that she's able to have very great conversation to show off her ideas during the interview and demonstrate to the interviewer that she already achieved something similar as a product manager in the past. That's how she learned her Microsoft product manager intern for summer 2023. There are 13 different kind of projects you can do on your own to create your product portfolio. You should go to this website and download 13 different projects immediately. And check out this video where I give you free training regarding how you're able to gain experience and leverage product portfolio to increase success rate significantly. I'm going to link the video in the description as well. Now let's talk about the secret number five. How to land a remote PM position that most people miss this big opportunities out there. First of all, you need to search remote PM position on LinkedIn and you can discover 35,000 search results. And on top of that, you can also try to change your search location to make it in UK, Singapore, maybe China, Canada, US, many different places. You're able to find so many more remote PM job opportunities out there. And second, immediately after you find those opportunities, reach out to the company to tell them that you're willing to work in the local time zone. And third, you need to expect and be reasonable regarding the salary because when you get remote PM internship or PM position and it's likely they will pay you based on the local currency. And for example, if we're for US company, your salary will be higher compared with any other countries regardless of remote or non-remote positions. If you work a company in UK, the salary will be lower compared with the US salary for sure. So you need to be reasonable regarding your salary expectations. Third, once you find those remote PM positions, you need to use the networking strategy at teaching step number three to get referrals and network with them, pitch yourself to the heavy managers or people inside a company to increase your success rate significantly. So comment below, are you looking for remote or non-remote part of the internship? I'd love to learn about it. The company currently looking for remote positions are Microsoft, Autodesk, Dell companies. There's so many more, you can discover them on LinkedIn. One of the biggest challenges in your PM job is actually not having product management experience at all. So in this video, I discuss how you're able to get your PM internship with no experience. You should study this video in depth so that you are able to use the best strategies with the right experience when you're dream product manager internship. If you find the free tips very helpful today, please make sure to like, comment and subscribe to channel and share this video with any aspiring product manager. This is Dr. Nancy from PM Accelerator.io. I'm gonna see you in my next video. Bye guys.