Product Owner Salary

Average Product Owners in the United States make around $81K per year. With some bonuses approaching $15K and certain profit sharing proceeds approaching $11K, overall incomes of Product Owners spread between $51K and $125K depending on individual performance. Location and tenure each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to a large number, and most earn dental coverage. Most Product Owners report high levels of job satisfaction. There are more male Product Owners than female among those who completed the questionnaire, making up 63 percent. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$50,230 - $119,548
(Median)
$50K
$81K
$120K
MEDIAN: $80,892
10%
50%
90%

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$17.23 - $65.89
(Median)
$17
$41
$66
MEDIAN: $40
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
$50,230 - $119,548  
   
Bonus
$518 - $15,078  
Profit Sharing
$199.00 - $10,850  
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).
)
$50,627 - $125,332  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 475
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$25$50$75
Hourly Rate
$17.23 - $65.89  
   
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$50K$100K$150K
Bonus
$518 - $15,078  
   
Profit Sharing
$199.00 - $10,850  
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).
)
$50,627 - $125,332  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 17
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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


Survey results imply that Product Owners put a diverse skill set to use. Most notably, skills in Business Analysis, Project Management, Requirements Analysis, and Product Development are correlated to pay that is above average. Product Management and Scrum, on the other hand, are typically associated with much lower pay. It is often found that people who know Agile are also skilled in 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 claim 10 to 20 years of experience can secure some pretty cushy paychecks; the median for this group is a six-figure $103K. Product Owners with more than 20 years of experience report incomes that are no higher than those with 10 to 20 years on the job.

Pay Difference by Location


For those looking to make money, Product Owners in Houston enjoy an exceptional pay rate, 27 percent above the national average. Product Owners will also find cushy salaries in Atlanta (+26 percent), New York (+16 percent), Portland (+13 percent), and Seattle (+12 percent). Product Owners in Salt Lake City take home the lowest salaries, earning a whopping 32 percent less than the national average. San Diego and Denver are a couple other places where companies are known to pay below the median — salaries are 24 percent lower and 4 percent lower, respectively.

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Experience Affects Product Owner Salaries




National Average
$83,000


Skills That Affect Product Owner Salaries

Business Analysis
up arrow 1%

Project Management
0%

National Average
$83,000

Requirements Analysis
up arrow 1%

Agile
up arrow 2%

Product Development
up arrow 2%

up arrow 5%

Product Management
up arrow 21%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 66 votes.

Gender

Female
37 %
Male
63 %

Years of Experience

Less than 1 year
3%
1-4 years
46%
5-9 years
24%
10-19 years
21%
20 years or more
5%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 84%
vision benefits Vision: 69% employee benefits None: 9%
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