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What Do Product Owners Do?
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 informati
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.
Explore the most common career paths for Product Owner. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Skills in Agile Software Development, Product Management, Product Development and Business Analysis are correlated to pay that is above average. Skills that pay less than market rate include Scrum.
What is the Pay by Experience Level for Product Owners?
An entry-level Product Owner with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of AU$86,584 based on 6 salaries. An early career Product Owner with 1-4 years of experience earns an average total compensation of AU$95,504 based on 118 salaries. A mid-career Product Owner with 5-9 years of experience earns an average total compensation of AU$113,329 based on 72 salaries. An experienced Product Owner with 10-19 years of experience earns an average total compensation of AU$137,339 based on 55 salaries. In their late career (20 years and higher), employees earn an average total compensation of AU$132,780.
Employees with Product Owner in their job title in Sydney, New South Wales earn an average of 6.4% more than the national average. These job titles also find higher than average salaries in Melbourne, Victoria (1.5% more). The lowest salaries can be found in Brisbane, Queensland (22.0% less), Perth, Western Australia (6.5% less) and Adelaide, South Australia (2.9% less).