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.
|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|
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.Read More...
These managers are also expected to understand the customer or stakeholder's perspective, and be able to address their concerns and needs during product development. The product owner also works with other departments, such as marketing and sales, as needed. The product owner generally works in an office environment, usually with several co-workers in a small group.
The product owner position generally requires at least a bachelor's degree in a discipline related to the company's field; some companies may prefer a master's of business administration (MBA). Employers generally require at least two years of experience in the company's field, in addition to at least for or five years of experience managing product development. Some companies also look for experience working with a Scrum team. (Copyright 2018 PayScale.com)
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.
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