Product Owner Salary

Earnings for Product Owners in the United States come in at around $81K per year on average. Including potential for bonuses and profit sharing — peaking near $15K and $10K, respectively — total cash payment to Product Owners can bottom out near $54K or peak near $124K depending on individual performance. The most important factor affecting compensation for this group is the company, followed by the particular city and experience level. The majority of workers are highly satisfied with their job. The majority of Product Owners (61 percent) survey respondents are male. Medical benefits are awarded to almost all, and a large number earn dental coverage. This report is based on responses to the PayScale salary survey.
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$53,492 - $116,740
$53K
$81K
$120K
MEDIAN: $80,639
10%
50%
90%

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$16.42 - $65.57
$16
$29
$66
MEDIAN: $28.88
10%
50%
90%

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$0$123K
Salary $53,492 - $116,740
Bonus $1,024 - $14,600
Profit Sharing $967 - $10,262
Commission $5,896
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).
)
$53,953 - $123,897
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 996
Hourly Data $0$77
Hourly Rate $16.42 - $65.57
Overtime $25.03 - $77.72
Annual Data $0$123K
Bonus $1,024 - $14,600
Commission $5,896
Profit Sharing $967 - $10,262
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).
)
$53,953 - $123,897
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 40

Find Out Exactly What You Should Be Paid

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

  • 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

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. Those at American Express Co. (AMEX) can expect to make the most, with the company offering a median salary of $102K.

Popular Skills for Product Owner


Product Owners seem to exploit 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, 20 percent, and 12 percent, respectively. Skills that seem to negatively impact pay include Scrum. Most people experienced in 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: $82,946

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

Surpassing the national average by 24 percent, Product Owners in New York receive some of the highest pay in the country. Product Owners will also find cushy salaries in St. Louis (+11 percent), Dallas (+11 percent), Philadelphia (+10 percent), and Boston (+9 percent). One of the biggest compensable factors for Product Owners is geography, with workers in Salt Lake City earning a whopping 36 percent below the national average. Workers in Cleveland and Austin earn salaries that trail the national average for those in this profession (33 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 154 votes.
Less than 1 year
3%
1-4 years
46%
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

▲44%

▲26%

▲10%

National Average
$83,000

▼13%

Skills That Affect Product Owner Salaries

ScrumMaster
▲24%

Data Analysis
▲20%

Business Intelligence
▲12%



User Experience (UX) Design
▲2%


Agile Software Development
▼0%

Product Management
▼0%

National Average
$83,000

▼1%



▼5%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 154 votes.

Gender

Female
39 %
Male
61 %

Years of Experience

Less than 1 year
3%
1-4 years
46%
5-9 years
27%
10-19 years
19%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 84%
vision benefits
Vision: 75%
no benefits
None: 8%
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