£40,841
Avg. Salary

Average additional compensation for this job:

Bonus

£3,005

Profit Sharing

£976

A Product Owner earns an average salary of £40,789 per year. Most people move on to other jobs if they have more than 20 years' experience in this field. For the first five to ten years in this position, salary increases sharply, but any additional experience does not have a big effect on pay.

£27,322 - £60,388
£27K
£41K
£60K
MEDIAN: £40,841
10%
50%
90%
£0£62K
Salary £27,322 - £60,388
Bonus £391 - £7,149
Profit Sharing £0.00 - £2,020
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).
)
£28,011 - £62,353
  • Country: United Kingdom
  • Currency: GBP
  • Updated: 11 Aug 2018
  • Individuals Reporting: 397

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 Skills for Product Owner

Pay Difference by Location

National Average: £42,445

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

Product Owner Reviews

Q: What is it like working as a Product Owner?

Product Owner in Reading:
Pros: Work Experience made with this position.
Cons: Stress level and number of working hours.

Product Owner in Oxford:
"Corporate Culture, Work Flexibility, Office Conditions."
Pros: It's great, fantastic benefits and good people.
Cons: The lack of cohesiveness between departments.

Related Job Salaries

Key Stats for Product Owner

Gender

Female
33 %
Male
67 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 8 votes.
Less than 1 year
4%
1-4 years
58%
5-9 years
21%
10-19 years
15%
20 years or more
2%

Experience Affects Product Owner Salaries

▲17%

▲15%

National Average
₤42,000

▼10%

Skills That Affect Product Owner Salaries

▲10%





National Average
₤42,000

Requirements Analysis
▼10%

▼12%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 8 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
4%
1-4 years
58%
5-9 years
21%
10-19 years
15%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 45%
dental benefits
Dental: 16%
vision benefits
Vision: 20%
no benefits
None: 46%