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Product Owner Salary

For Product Owners, yearly average wages total $81K annually. Cash earnings of Product Owners can occasionally include $15K each in bonuses and profit sharing proceeds; this strong performance component causes pay grades to stretch from approximately $52K to almost $125K. Career length is the biggest factor affecting pay for this group, followed by geography. The majority of Product Owners claim high levels of job satisfaction. Men account for the majority of Product Owners who responded to the questionnaire — 63 percent to be exact. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a majority. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$51,737 - $119,791
(Median)
$52K
$81K
$120K
MEDIAN: $81,451
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
$51,737 - $119,791  
   
Bonus
$-0.48 - $14,822  
Profit Sharing
$199.67 - $14,544  
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).
)
$51,775 - $125,439  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 299
United States (change)

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


Survey results suggest that Product Owners put a wide range of professional skills to use. Most notably, skills in Business Analysis, Requirements Analysis, Project Management, and Scrum are correlated to pay that is above average. Skills that pay less than market rate include Product Development. Those proficient in Agile are, more often than not, 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.


Product Owners with a rich background of experience are typically rewarded with larger paychecks. Workers in their first five years can expect to earn $72K, but people who have been around for five to 10 years earn a noticeably bigger sum of $95K. After 10 to 20 years, professionals can make it pretty big; the median salary sits in the six-figure neighborhood of $105K. Product Owners who have spent more than 20 years on the job report earning a significantly higher median of $127K.

Pay Difference by Location


For Product Owners, working in the bustling city of Atlanta has its advantages, including an above-average pay rate. Product Owners can also look forward to large paychecks in cities like New York (+22 percent), Portland (+15 percent), Boston (+7 percent), and Seattle (+7 percent). The smallest paychecks in the market, 5 percent south of the national average, can be found in Denver. Employers pay around 3 percent less in Chicago and 1 percent less in Austin, below-median salaries for those in this field.

Related Job Salaries

Experience Affects Product Owner Salaries

Late-Career
up arrow 51%



National Average
$84,000


Skills That Affect Product Owner Salaries

Business Analysis
up arrow 8%

Requirements Analysis
up arrow 2%

National Average
$84,000

Project Management
up arrow 1%

Scrum
up arrow 2%

Agile
up arrow 3%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 45 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
22%
20 years or more
5%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 84%
vision benefits Vision: 66% employee benefits None: 9%