An average Product Owner in the United States can expect to take home roughly $80K annually. In the world of Product Owners, overall cash allowance can occasionally include more than $15K from bonuses and, in some exceptional cases, $10K from profit sharing, causing incomes to vary widely between $51K and $125K. Compensation for this group is mainly affected by location, but the specific employer and tenure are influential factors as well. The majority of Product Owners claim high levels of job satisfaction. Medical benefits are awarded to nearly all, and most earn dental coverage. Most people who answered the questionnaire are men; 64 percent of Product Owners are male. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$51,030 - $118,382
(Median)
$51K
$80K
$120K
MEDIAN: $79,947
10%
50%
90%

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$15.21 - $64.80
(Median)
$15
$30
$65
MEDIAN: $29.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$51,030 - $118,382  
   
Bonus
$993 - $14,872  
Profit Sharing
$0.00 - $9,892  
Commission
$6,000  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$50,907 - $124,944  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 824
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25$50$75
Hourly Rate
$15.21 - $64.80  
   
Overtime
$25.61 - $73.40  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$993 - $14,872  
   
Commission
$6,000  
Profit Sharing
$0.00 - $9,892  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$50,907 - $124,944  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 38
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Job Description for Product Owner

The product owner plays a leadership role in their organization, usually a software company. Common employers for product owners include software companies, particularly those are developing new software or provide support to other companies. The product owner must have a good understanding of the software being developed and be able to communicate effectively with their coworkers. They also act as the manager of the product development team, helping nurture ideas, extract and retrieve information, determine the roadmap for the product, and work throughout the development process with the scrum team. The scrum team is typically under the product owner's supervision.

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Product Owner Tasks

  • Manage daily project goals and product schedules, adjusting expectations and setting priorities.
  • Work with customers, stakeholders and internal teams to create and customize products.
  • Write and capture user stories and user needs to communicate product objectives and requirements.
  • Schedule and lead meetings to surface issues, identify fixes and advance projects.

Product Owner Job Listings

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Popular Employer Salaries for Product Owner


Well-known firms with a reputation for hiring numerous Product Owners include Applied Systems, Inc., MRI Software, Western Governors University (WGU), Capital One Financial Corp, and UnitedHealth Group. Product Owners seeking a sizable paycheck can earn the most at UnitedHealth Group, where the average salary comes to $95K.

Popular Skills for Product Owner


Product Owners report using a wide range of professional skills. Most notably, facility with ScrumMaster and Team Leadership are correlated to pay that is significantly above average, leading to increases of 25 percent and 10 percent, respectively. At the other end of the pay range are skills like Scrum. It is often found that people who know Project Management are also skilled in Agile.

Pay by Experience Level for Product Owner

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For many Product Owners, more experience generally translates to higher pay. The average worker who claims fewer than five years of experience earns around $72K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $92K. Experienced professionals who have spent one to two decades on the job can score lucrative paychecks that average out to $103K. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $117K.

Pay Difference by Location

National Average: $81,869

Larger city markers indicate a job is popular in that location.

For those looking to make money, Product Owners in New York enjoy an exceptional pay rate, 26 percent above the national average. Product Owners can also look forward to large paychecks in cities like Philadelphia (+16 percent), St. Louis (+16 percent), Seattle (+11 percent), and Boston (+10 percent). One of the biggest compensable factors for Product Owners is geography, with workers in Salt Lake City earning a whopping 34 percent below the national average.

Product Owner Reviews

What is it like working as a Product Owner?

Product Owner in Cleveland:
"Rewarding, challenging, but good."
Pros: I like the innovation and creativity required to do my job well. We have to move with both the market and new technological trends, and that keeps us all on our toes. In addition, I actually like the constant curve-balls we're thrown, as it provides more inherent challenge in accomplishing our goals.
Cons: It's often difficult to get resources, as we have so many priorities. There aren't enough developers to go around, and that can stall work.

Related Job Salaries

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Experience Affects Product Owner Salaries




National Average
$82,000


Skills That Affect Product Owner Salaries

ScrumMaster
up arrow 25%


Business Analysis
up arrow 2%

Product Management
up arrow 2%

Product Development
up arrow 2%

Agile Software Development
0%

Agile
0%

National Average
$82,000

Project Management
up arrow 1%

Requirements Analysis
up arrow 2%

up arrow 5%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 120 votes.

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
4%
1-4 years
46%
5-9 years
26%
10-19 years
19%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 84%
medical benefits
Vision: 73%
dental benefits
None: 8%
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