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Product Owner Salary

Product Owners in the United States can expect wages of $81K per year on average. Final cash compensation to Product Owners varies from around $52K to approximately $125K; choice pay grades include potential for bonuses and profit sharing as high as $15K and $11K, respectively. Geographic location and years of experience each impact pay for this group, with the former having the largest influence. Men account for the majority of Product Owners who responded to the questionnaire — 63 percent to be exact. For the most part, Product Owners enjoy their work and report high levels of job satisfaction. Medical and dental benefits are awarded to almost all, and a majority earn vision coverage. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$51,239 - $118,412
(Median)
$51K
$81K
$120K
MEDIAN: $81,257
10%
50%
90%

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$12.37 - $101.81
(Median)
$12
$43
$100
MEDIAN: $43.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$51,239 - $118,412  
   
Bonus
$509 - $15,145  
Profit Sharing
$198.66 - $10,926  
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).
)
$51,755 - $124,656  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 417
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50$100$150
Hourly Rate
$12.37 - $101.81  
   
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$100K$200K$300K
Bonus
$509 - $15,145  
   
Profit Sharing
$198.66 - $10,926  
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).
)
$51,755 - $124,656  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 13

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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

  • 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 Skills for Product Owner


Product Owners report using a pretty varied skill set on the job. Most notably, skills in Business Analysis, Requirements Analysis, Project Management, and Agile are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Product Management, Scrum, and Product Development. Most people familiar with 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.


Salaries for the relatively untried average out to around $73K, but survey participants with five to 10 years of experience earn a significantly higher median of $94K. Professionals who spend a good 10 to 20 years in the workforce haul in an average of $102K. For some reason, Product Owners with more than two decades of experience report lower paychecks overall; the median sum in this group sits near $101K.

Pay Difference by Location


For Product Owners, working in the bustling city of Houston has its advantages, including an above-average pay rate. Product Owners will also find cushy salaries in Atlanta (+25 percent), New York (+22 percent), Portland (+14 percent), and Philadelphia (+13 percent). Salt Lake City is home to the smallest salaries in the field, lagging the national average by 11 percent. Two other places where employers offer below-median salaries are Denver (5 percent less) and Austin (2 percent less).

Related Job Salaries

United States (change)

Experience Affects Product Owner Salaries




National Average
$84,000


Skills That Affect Product Owner Salaries

Business Analysis
up arrow 4%

Requirements Analysis
0%

National Average
$84,000

Project Management
up arrow 2%

Agile
up arrow 3%

up arrow 5%


Product Management
up arrow 19%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 61 votes.

Gender

Female
37 %
Male
63 %

Years of Experience

Less than 1 year
3%
1-4 years
45%
5-9 years
25%
10-19 years
21%
20 years or more
6%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 85%
vision benefits Vision: 68% employee benefits None: 9%
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