The average salary for a Product Owner in United Kingdom is £41,823.
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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…Read more
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.
Popular Employer Salaries for Product Owner
The top respondents for the job title Product Owner are from the companies Sainsburys plc, Sky plc and Ocado. Reported salaries are highest at Ocado where the average pay is £54,496. Sainsburys plc pays the lowest at around £36,569.
Product Owner Job Listings
What Are Popular Skills for Product Owners?
Skills in Product Management, Product Development and Business Analysis are correlated to pay that is above average. Skills that pay less than market rate include Scrum and Agile Software Development.
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 £34,380 based on 31 salaries. An early career Product Owner with 1-4 years of experience earns an average total compensation of £39,670 based on 336 salaries. A mid-career Product Owner with 5-9 years of experience earns an average total compensation of £48,358 based on 127 salaries. An experienced Product Owner with 10-19 years of experience earns an average total compensation of £54,594 based on 84 salaries. In their late career (20 years and higher), employees earn an average total compensation of £50,868.
Pay Difference by Location
Employees with Product Owner in their job title in London, England earn an average of 39.5% more than the national average. These job titles also find higher than average salaries in London, England: London (16.6% more). The lowest salaries can be found in Edinburgh, Scotland: Edinburgh (14.0% less), Leeds, England: Leeds (12.5% less) and Leeds, England: West Yorkshire (11.4% less).
Years of Experience
This data is based on 593 survey responses.