The average salary for a Product Owner is $85,293.
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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.
Job Satisfaction for Product Owner
Popular Employer Salaries for Product Owner
The top respondents for the job title Product Owner are from the companies Discover Financial Services LLC, Quicken Loans and Usaa Insurance. Reported salaries are highest at Usaa Insurance where the average pay is $91,593. Other companies that offer high salaries for this role include Discover Financial Services LLC and UnitedHealth Group, earning around $84,348 and $76,000, respectively. Relias Learning pays the lowest at around $50,000. Clearwater Analytics and Applied Systems, Inc. also pay on the lower end of the scale, paying $67,140 and $68,176, respectively.
Product Owner Job Listings
What Are Popular Skills for Product Owners?
Skills in Agile Software Development, Product Management and Requirements Analysis are correlated to pay that is above average. Skills that pay less than market rate include Business Analysis and 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 $67,985 based on 147 salaries. An early career Product Owner with 1-4 years of experience earns an average total compensation of $77,656 based on 1,600 salaries. A mid-career Product Owner with 5-9 years of experience earns an average total compensation of $92,535 based on 868 salaries. An experienced Product Owner with 10-19 years of experience earns an average total compensation of $105,021 based on 620 salaries. In their late career (20 years and higher), employees earn an average total compensation of $109,220.
Pay Difference by Location
Employees with Product Owner in their job title in New York, New York earn an average of 15.1% more than the national average. These job titles also find higher than average salaries in Boston, Massachusetts (7.3% more) and Chicago, Illinois (3.8% more). The lowest salaries can be found in Austin, Texas (5.9% less).
Years of Experience
This data is based on 3,387 survey responses.