Product Owner Salary

Earnings for Product Owners in the United States come in at around $81K per year on average. Total cash compensation for Product Owners runs from $51K to $125K depending on bonuses that can occasionally exceed $15K and profit sharing that can reach almost $11K. Residence and experience level each impact pay for this group, with the former having the largest influence. Male Product Owners who responded to the survey are more common than women; more than half (62 percent) are men. Job satisfaction is high and work is enjoyable for most Product Owners. Medical benefits are awarded to a large number, and most earn dental coverage. The data in this summary comes from the PayScale salary survey.
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$50,872 - $119,512
(Median)
$51K
$81K
$120K
MEDIAN: $80,960
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
$50,872 - $119,512  
   
Bonus
$510 - $15,044  
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).
)
$51,102 - $124,874  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 466
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
$510 - $15,044  
   
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).
)
$51,102 - $124,874  
Country: United States | Currency: USD | Updated: 20 Jun 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


Product Owners generally report applying a varied skill set to their work. Most notably, skills in Business Analysis, Project Management, Requirements Analysis, and Agile are correlated to pay that is above average. At the other end of the pay range are skills like Product Management and Scrum. For most people, competency in Agile indicates knowledge of Project Management.

Pay by Experience Level for Product Owner

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


Relatively untried employees who have less than five years' experience make $73K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $94K. Six-figure salaries surface after one to two decades on the job — experienced professionals in this group reap a six-figure median of $103K. Survey participants with more than twenty years of experience only make around $102K on average, though; this group reports a lower median than the one claimed by mid-career individuals.

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 (+26 percent), New York (+23 percent), Seattle (+12 percent), and Portland (+11 percent). Compared to the national average, Salt Lake City Product Owners have considerably lower salaries, 32 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession. Below-median salaries also turn up in San Diego and Denver (24 percent lower and 5 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 2%

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 18%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 64 votes.

Gender

Female
38 %
Male
62 %

Years of Experience

Less than 1 year
3%
1-4 years
46%
5-9 years
25%
10-19 years
21%
20 years or more
5%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 84%
vision benefits Vision: 68% employee benefits None: 9%
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