Product Owner Salary

Product Owners in the United States take home approximately $81K annually on average. Total cash compensation to Product Owners approaches anywhere from $50K on the lower end to $126K on the higher end; in exceptional cases, this can include more than $15K from bonuses and upwards of $10K from profit sharing. Geographic location is the biggest factor affecting pay for this group, followed by tenure. Men account for the majority of Product Owners who responded to the questionnaire — 63 percent to be exact. Medical benefits are awarded to nearly all, and most earn dental coverage. Work is enjoyable for Product Owners, who typically claim high levels of job satisfaction. The data in this summary comes from the PayScale salary survey.
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$49,395 - $119,855
(Median)
$49K
$81K
$120K
MEDIAN: $81,287
10%
50%
90%

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$16.34 - $62.51
(Median)
$16
$38
$63
MEDIAN: $38.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$49,395 - $119,855  
   
Bonus
$961 - $15,073  
Profit Sharing
$198.32 - $9,826  
Commission
$6,000  
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).
)
$49,698 - $125,971  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 664
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25$50$75
Hourly Rate
$16.34 - $62.51  
   
Overtime
$37.00  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$961 - $15,073  
   
Commission
$6,000  
Profit Sharing
$198.32 - $9,826  
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).
)
$49,698 - $125,971  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 24
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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 report using a pretty varied skill set on the job. Most notably, skills in Business Analysis, Product Management, Project Management, and Product Development are correlated to pay that is above average. Skills that pay less than market rate include Scrum. Most people experienced in 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.


Those in the early stages of their career can expect to make around $72K; however, individuals with five to 10 years of experience bring in $94K on average — a distinctly larger sum. Professionals who claim 10 to 20 years of experience can secure some pretty cushy paychecks; the median for this group is a six-figure $105K. Folks with more than two decades of experience actually report lower incomes overall; their average comes out to a mere $104K.

Pay Difference by Location

National Average: $83,099

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

Surpassing the national average by 25 percent, Product Owners in New York receive some of the highest pay in the country. Product Owners can also look forward to large paychecks in cities like Portland (+17 percent), Atlanta (+15 percent), Philadelphia (+11 percent), and Minneapolis (+9 percent). Product Owners' salaries are heavily influenced by location — Product Owners in Salt Lake City bring in salaries that are 32 percent lower than the national average. Not at the bottom but still paying below the median are employers in San Diego and Denver (8 percent lower and 3 percent lower, respectively).

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Experience Affects Product Owner Salaries




National Average
$83,000


Skills That Affect Product Owner Salaries


Product Management
0%

National Average
$83,000

Agile
up arrow 1%

Project Management
up arrow 1%

Requirements Analysis
up arrow 1%

Product Development
up arrow 1%

up arrow 5%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 96 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
21%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 84%
medical benefits
Vision: 71%
dental benefits
None: 8%
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