Illinois Tool Works

Product Manager

Illinois Tool Works$85K — $107K *
Enterprise Technology
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Business, Marketing, Engineering, or a related field.
  • 3-5 years of product management or marketing experience, preferably within industrial manufacturing.
  • Proficiency in Microsoft Office, especially advanced Excel and data analysis skills from ERP and CRM systems.
  • Willingness to travel up to 25% for customer visits and industry events.

Responsibilities

  • Lead product lifecycle management from ideation to end-of-life using established guidelines.
  • Develop product strategies and roadmaps that align with business objectives.
  • Conduct market research and gather customer insights to inform product decisions.
  • Manage product updates and new introductions while simplifying product lines.
  • Collaborate with engineering to define product specifications for development.
  • Evaluate product performance metrics such as sales volume and market share.
  • Assist in creating effective product launch materials and marketing content.

Benefits

  • Opportunity to work in a dynamic, fast-paced industrial environment.
  • Room for professional development and strategy creation.
  • Collaborative work with cross-functional teams including marketing and engineering.
  • Engagement in impactful product launches and customer solutions.
Full Job Description
Job Description:

Join us as a Product Manager and play a pivotal role in elevating product excellence from the ground up. In this dynamic onsite position located in Lincolnshire, IL, you will play a key role in advancing our product portfolio, shaping strategic marketing initiatives, and turning customer insights into real solutions. You'll collaborate closely with Marketing, Engineering, Sales, and other cross-functional teams to identify customer needs, shape product roadmaps, and drive product success. You'll also support the creation of compelling content and executing marketing efforts to deliver impactful launches and sustained engagement.

If you're a proactive, analytical problem-solver who thrives in a fast-paced industrial setting, this is your opportunity to make a measurable impact.

How you will make an impact

Product Management & Strategy
  • Lead product lifecycle management from ideation to end-of-life using ITW's new product development (NPD) and 80/20 principles.
  • Develop and execute product strategies and roadmaps aligned with business goals.
  • Conduct market research and VOC to identify customer needs, market trends, and competitive positioning, including developing an understanding of end-user businesses and unmet needs.
  • Initiate and manage product updates and new product introductions, while driving product line simplification and strategic pricing decisions.
  • Collaborate with engineering to define product specifications and support development.
  • Evaluate and report on product performance, including sales volume, margins, and market share.


Marketing & Content Support
  • Assist in creating product launch materials and marketing collateral.
  • Contribute to messaging, value propositions, and technical documentation.
  • Support trade shows, events, and customer visits as needed.
  • Help maintain product content across digital platforms and internal systems.


What you need to do to be successful in this role
  • Cross Functional Communication - Strong interpersonal and communication skills. Ability to build productive relationships, collaborate, and effectively communicate with stakeholders at all levels of the organization. Strong ability to work with cross-functional teams, including engineering, marketing, and operations. Communicate clearly with internal teams, suppliers, and end-users to resolve issues quickly.
  • Organization Skills - Manage multiple priorities and deadlines effectively in a fast-paced environment.
  • Initiative & Ownership - Act as a self-starter who can work independently, learn quickly, and drive projects forward.
  • Technical Aptitude - Understanding of mechanical concepts with knowledge of Product Management within industrial markets, or industrial manufacturing. Knowledge of welding preparation is a plus but not required.
  • Adaptability - Navigate changing priorities, unexpected challenges, and evolving customer needs with confidence.
  • Presentation & Influence - Deliver clear, impactful presentations to internal stakeholders and external audiences.
  • Full Product Life-Cycle Management - Demonstrated experience managing the full product life cycle, including new product development, competitive and regulatory analysis, from customer insights through product discontinuation.
  • Marketing Collaboration - Contribute to content creation, digital marketing strategies, and marketing execution to support product launches and campaigns.
  • Data Analysis: Be analytical, inquisitive, and crisp in explaining the story behind the numbers and a strong ability to understand macro and micro trends.


Qualifications
  • Bachelor's degree in Business, Marketing, Engineering, or a related field is required.
  • 3-5 years of product management or marketing experience, preferably within industrial manufacturing.
  • Proficiency in Microsoft Office (Excel, Outlook, PowerPoint, Teams) is required. Advanced Excel skills and demonstrated experience with pulling and analyzing data from ERP and CRM systems to support product decisions is required.
  • Must be available for up to 25% travel within the United States and Canada for customer visits, supplier meetings, and industry events.


Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to work at a computer for extended periods; sit; stand; walk; use hands to type, finger, handle, control, or feel; reach with hands and arms. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus. The employee must frequently lift and move up to 10 pounds and occasionally lift and move objects up to 25 pounds.

Additional Information:

Compensation Information:

The annual base salary range for this position is $85,000 - $107,000 annually. Please note that this salary information serves as a general guideline. The company considers various factors when extending an offer, including but not limited to the scope and responsibilities of the position, the candidate's work experience, education and training, key skills, as well as geographic location, market, and business considerations. We believe our people are our greatest asset. That's why we invest in creating an environment where you can thrive-both personally and professionally. For more details, visit our Benefits page.

About Illinois Tool Works

ITW is an industrial manufacturing company that specializes in the fields of industrial machinery, engineering, operations, sales, marketing, finance, and accounting. It's in deep-sea oil rigs, aerospace technology, bridges and wind turbines, healthcare, the spaces in which they live and work, the cars they drive, and the mobile devices they rely on. It was founded in 1912 and headquartered in Glenview Nas, Illinois.

Illinois Tool Works Careers

Join the dynamic team at Illinois Tool Works (ITW), a global leader in diversified manufacturing, where innovation and excellence drive us forward. ITW offers unparalleled job opportunities, fostering a culture of growth and leadership in the industry.

Work You’ll Do

At Illinois Tool Works, you will be part of a professional community that thrives on creativity and innovation. Our employees are equipped with the skills needed to succeed and are provided with endless opportunities for professional growth. Engage in work that matters, with projects that transform industries and enhance futures.

Explore Career Paths

Whether you're seeking an internship, a graduate opportunity, or a seasoned professional position, ITW offers a range of career paths across various departments. Our team benefits from a supportive and diverse working environment where every member’s contribution is valued.

Innovate and Lead

Join a team where innovation leads to revolutionary solutions in industries worldwide. At ITW, you will work alongside industry experts to develop new ideas and strategies that keep us at the forefront of technological advancements. Your career at ITW will be marked by a continuous journey of growth and leadership.

Develop Your Skills

With ITW’s commitment to professional development and diversity training, you will enhance your skills through targeted training programs and workshops. These opportunities not only boost your career but also ensure you stay competitive in the job market.

Be Part of Our Culture

ITW is dedicated to building a culture that respects and embraces diversity, encourages innovation, and fosters leadership. Our team is our greatest asset, and we believe in providing them with the benefits and resources they need to succeed both professionally and personally.

Networking and Professional Growth

Expand your professional network through ITW’s global presence and collaborative work environment. Engage with professionals across different sectors, gaining insights that can lead to significant career advancements. Our networking events and professional groups help you connect with key industry leaders and peers.

Join Our Team

Search for open positions that match your skills and interests on the ITW Careers page. We are looking for passionate, curious, and solution-driven team players who are ready to take their career to the next level.

Stay Connected

Keep up to date with the latest industry trends, company news, and career tips by following our careers blog. Personalize your experience by subscribing to job alert emails, tailored to your preferences and career goals. Explore the opportunities at Illinois Tool Works today and discover how your expertise can help shape the future of our company and the industries we serve. Join us in our mission to achieve excellence through innovation and leadership.
Learn more about Illinois Tool Works
Size
45,000 employees
Market Cap
$68.1 billion
Industry
Net Income
$2.1 billion
Founded
1912
5 Year Trend
+1.2%
Revenue
$12.5 billion
NASDAQ

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