Product Owner Salary

Earnings for Product Owners in the United States come in at around $81K per year on average. With some bonuses approaching $15K and certain profit sharing proceeds approaching $10K, overall incomes of Product Owners spread between $50K and $126K depending on individual performance. Geographic location and years of experience each impact pay for this group, with the former having the largest influence. The majority of Product Owners (63 percent) survey respondents are male. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. Work is enjoyable for Product Owners, who typically claim high levels of job satisfaction. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$49,395 - $119,855
(Median)
$49K
$81K
$120K
MEDIAN: $81,287
10%
50%
90%

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$16.34 - $62.51
(Median)
$16
$38
$63
MEDIAN: $38.00
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
$49,395 - $119,855  
   
Bonus
$961 - $15,073  
Profit Sharing
$198.32 - $9,826  
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).
)
$49,698 - $125,971  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 664
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
$16.34 - $62.51  
   
Overtime
$37.00  
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
$961 - $15,073  
   
Commission
$6,000  
Profit Sharing
$198.32 - $9,826  
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).
)
$49,698 - $125,971  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 24
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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.

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Popular Skills for Product Owner


Product Owners report using a wide range of professional skills. Most notably, skills in Business Analysis, Product Management, Project Management, and Product Development are correlated to pay that is above average. Skills that seem to negatively impact pay include Scrum. Most people experienced in Agile also know Project Management.

Pay by Experience Level for Product Owner

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


Those in the early stages of their career can expect to make around $72K; however, individuals with five to 10 years of experience bring in $94K on average — a distinctly larger sum. Six-figure salaries surface after one to two decades on the job — experienced professionals in this group reap a six-figure median of $105K. Survey participants with more than two decades under their belts actually report earning less than people with less experience; the former take home only $104K on average.

Pay Difference by Location

National Average: $83,099

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

For Product Owners, working in the bustling city of New York has its advantages, including an above-average pay rate. Product Owners will also find cushy salaries in Portland (+17 percent), Atlanta (+15 percent), Philadelphia (+11 percent), and Minneapolis (+9 percent). Product Owners in Salt Lake City earn salaries far below the national average by 32 percent, proving that geography overwhelmingly affects the pay scale for those in this field. Workers in San Diego and Denver earn salaries that trail the national average for those in this profession (8 percent less and 3 percent less, respectively).

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Experience Affects Product Owner Salaries




National Average
$83,000


Skills That Affect Product Owner Salaries


Product Management
0%

National Average
$83,000

Agile
up arrow 1%

Project Management
up arrow 1%

Requirements Analysis
up arrow 1%

Product Development
up arrow 1%

up arrow 5%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 96 votes.

Gender

Female
37 %
Male
63 %

Years of Experience

Less than 1 year
3%
1-4 years
44%
5-9 years
26%
10-19 years
21%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 84%
medical benefits
Vision: 71%
dental benefits
None: 8%
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