Average Product Owner Salary

$85,293
Avg. SalaryShow Hourly Rate
$6,776
Bonus
$3,951
Profit Sharing
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The average salary for a Product Owner is $85,293.
10%
$59k
MEDIAN
$85k
90%
$121k
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Salary
$59k - $121k
Bonus
$2k - $15k
Profit Sharing
$974 - $12k
Total Pay
$59k - $130k
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What Do Product Owners Do?

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

3.8 out of 5
(535)
Highly Satisfied
47Reviews
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

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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.
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.
Entry Level
4.3%
Early Career
47.2%
Mid Career
25.6%
Experienced
18.3%
Late Career
4.5%