Product Owner Salary

Product Owners in the United States take home an average $80K per year. Total cash earnings of Product Owners range from $52K on the low end to $124K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $15K and $10K, respectively. This group's pay is mainly influenced by the particular firm, followed by the particular city and years of experience. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. Men account for the majority of Product Owners who responded to the questionnaire — 61 percent to be exact. Most Product Owners report high levels of job satisfaction. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$52,232 - $117,401
$52K
$80K
$120K
MEDIAN: $80,407
10%
50%
90%

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$16.50 - $65.35
$16
$29
$65
MEDIAN: $28.76
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
$52,232 - $117,401  
   
Bonus
$1,009 - $14,572  
Profit Sharing
$962 - $9,978  
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).
)
$52,127 - $124,193  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 945
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
$16.50 - $65.35  
   
Overtime
$25.04 - $74.50  
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
$1,009 - $14,572  
   
Commission
$6,000  
Profit Sharing
$962 - $9,978  
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).
)
$52,127 - $124,193  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 42

Find Out Exactly What You Should Be Paid

United States (change)

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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

  • 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.
  • Manage daily project goals and product schedules, adjusting expectations and setting priorities.
  • Work with customers, stakeholders and internal teams to create and customize products.

Product Owner Job Listings

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Popular Employer Salaries for Product Owner


Product Owners fill the offices of leading firms Applied Systems, Inc., MRI Software, American Express Co. (AMEX), Western Governors University (WGU), and Capital One Financial Corp. American Express Co. (AMEX) offers the largest salaries in town — $102K on average.

Popular Skills for Product Owner


Product Owners report using a large range of skills on the job. Most notably, facility with ScrumMaster, Data Analysis, and Business Intelligence are correlated to pay that is significantly above average, leading to increases of 24 percent, 21 percent, and 13 percent, respectively. At the other end of the pay range are skills like Scrum. The majority of those who know Project Management also know Agile.

Pay by Experience Level for Product Owner

Pay by Experience for a Product Owner has a positive trend. An entry-level Product Owner with less than 5 years of experience can expect to earn an average total compensation of $72,000 based on 524 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Product Owner with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $91,000 based on 294 salaries. An experienced Product Owner which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $105,000 based on 190 salaries. A Product Owner with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $119,000 based on 54 salaries.

Pay Difference by Location

National Average: $82,424

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

Home to some of the best pay for Product Owners, New York offers exceptional salaries, 25 percent above the national average. Product Owners will also find cushy salaries in St. Louis (+12 percent), Dallas (+11 percent), Philadelphia (+10 percent), and Boston (+10 percent). Location significantly influences compensation, with Salt Lake City Product Owners earning much less — 36 percent less — than the national average. Workers in Cleveland and Austin earn salaries that trail the national average for those in this profession (32 percent less and 2 percent less, respectively).

Product Owner Reviews

Q: 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

Key Stats for Product Owner

Gender

Female
39 %
Male
61 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 145 votes.
Less than 1 year
3%
1-4 years
45%
5-9 years
27%
10-19 years
19%
20 years or more
5%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Product Owner Salaries

▲45%

▲27%

▲10%

National Average
$82,000

▼12%

Skills That Affect Product Owner Salaries

ScrumMaster
▲24%

Data Analysis
▲21%

Business Intelligence
▲13%



User Experience (UX) Design
▲3%


Product Management
▲1%

Agile Software Development
▼0%

▼0%


National Average
$82,000


▼4%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 145 votes.

Gender

Female
39 %
Male
61 %

Years of Experience

Less than 1 year
3%
1-4 years
45%
5-9 years
27%
10-19 years
19%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 83%
vision benefits
Vision: 75%
no benefits
None: 8%
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