Product Owner Salary

Product Owners in the United States can expect to earn an average of $81K per year. Total cash compensation to Product Owners bottoms out near $52K and approaches $124K on the high end; the biggest paychecks include approximately $15K from bonuses and almost $11K from profit sharing. Geography and career duration each impact pay for this group, with the former having the largest influence. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. Work is enjoyable for Product Owners, who typically claim high levels of job satisfaction. Product Owners who participated in the survey are largely men, dominating at 64 percent. This overview is based on answers to PayScale's salary questionnaire.
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$51,077 - $117,819
(Median)
$51K
$81K
$120K
MEDIAN: $80,507
10%
50%
90%

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$12.26 - $102.76
(Median)
$12
$42
$100
MEDIAN: $42.00
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
$51,077 - $117,819  
   
Bonus
$513 - $15,050  
Profit Sharing
$198.32 - $11,000  
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).
)
$51,569 - $124,057  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 401
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$50$100$150
Hourly Rate
$12.26 - $102.76  
   
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$100K$200K$300K
Bonus
$513 - $15,050  
   
Profit Sharing
$198.32 - $11,000  
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).
)
$51,569 - $124,057  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 12

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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 suggest that Product Owners put a wide range of professional skills to use. Most notably, skills in Business Analysis, Requirements Analysis, Project Management, and Agile are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Product Management, Product Development, and Scrum. 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.


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. Experienced professionals who have spent one to two decades on the job can score lucrative paychecks that average out to $103K. Survey respondents who have worked for more than 20 years actually report somewhat lower incomes of $102K.

Pay Difference by Location


Surpassing the national average by 80 percent, Product Owners in Houston receive some of the highest pay in the country. Product Owners will also find cushy salaries in Atlanta (+32 percent), Philadelphia (+13 percent), Portland (+11 percent), and Seattle (+11 percent). Salt Lake City is home to the smallest salaries in the field, lagging the national average by 10 percent. Employers also pay below the national average in Denver (4 percent lower) and St. Louis (3 percent lower).

Related Job Salaries

United States (change)

Experience Affects Product Owner Salaries




National Average
$83,000


Skills That Affect Product Owner Salaries

Business Analysis
up arrow 3%

Requirements Analysis
up arrow 2%

National Average
$83,000

Project Management
up arrow 1%

Agile
up arrow 2%

Scrum
up arrow 4%


Product Management
up arrow 16%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 62 votes.

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
3%
1-4 years
46%
5-9 years
24%
10-19 years
22%
20 years or more
5%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 85%
vision benefits Vision: 68% employee benefits None: 9%