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Salary and Benefits

Product Owner
$71K-$87K / yr. (est.)
$72K
$79,956 / year
$88K
Average base salary
The salary information provided is based on data collected from various reliable sources and may vary depending on individual qualifications and other factors.

About Product Owner

What does a Product Owner do?

As Product Owners, we identify product features and manage product development processes. Most importantly, we create the vision of the product and strategize processes from the start. It is our job to ensure customer and stakeholder satisfaction. We work with scrum teams. For this, we need to have a deep knowledge of the market and competitors’ products. Having a product mindset is essential for our role.

Core tasks:

  • answering questions and help developers make decisions
  • analyzing competitor products
  • analyzing metrics
  • processing customer feedback
  • managing backlog items
  • iterizing the product
  • liaising with management and cross-functional team members

Insights

How Many Years of Experience Do Professionals Need Before Becoming Product Owner?
On average, people work 7+ years in other positions prior to becoming a Product Owner.
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Project ManagerMiami, FL - 11 months ago
well, at least as a PM I have the advantage of having some relevant experience. 💪
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Business AnalystAustin, TX - 11 months ago
aha! I knew my years of analyzing were beneficial for something! 😎
How Long Do Product Owner Employees Typically Stay in Their Roles?
On average, Product Owners works in this position for 3-5 years across multiple employers.
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Business AnalystChicago, IL - 11 months ago
Product Owners should focus on clearly defining requirements rather than constantly changing priorities. It affects project timelines.
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Project ManagerLos Angeles, CA - 11 months ago
Being a Product Owner requires strong leadership skills and the ability to drive teams towards the desired goal. Few are fit for this role. 😠
What Is the Job Hopper Score for Product Owner Employees?
Moderate job changes in Product Owner, showing some career movement without excessive turnover.
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UX DesignerSan Francisco, CA - 11 months ago
😡 Are you kidding me? Seamless user experience requires constant collaboration, and changing Product Owners too often disrupts that process!
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Scrum MasterSeattle, WA - 11 months ago
🤔 While some job change can bring new ideas, excessive turnover can lead to a lack of trust within the team. Finding the right balance is crucial!

Career path

Path to job

Discover a Product Owner's areas of knowledge sorted by their majors.
Explore the list of higher education institutions that a Product Owner typically studied at.
Penn State University
The University of Texas at Austin

Path after job

Community

Demographics

What Is the Age and Gender Ratio of Product Owner Employees?
Gender ratio in Product Owner position: 0.640707092819615 Male and 0.359292907180385 Female. Age ratio in Product Owner position: 16-20: 2%, 21-30: 42%, 31-40: 37%, 41-50: 14%, 51-60: 4%, 60+: 1%. Product Owner position is predominantly male (64.1%) with the largest age group being 21-30 years old, followed by 31-40 years old.
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Product OwnerMiami, FL - 11 months ago
I'm curious as to why the majority of Product Owners are aged 21-40. Are companies hesitating to hire older professionals or is it a preference? 🤷
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Product OwnerSan Francisco, CA - 11 months ago
It's disturbing how the product industry is dominated by males. We need better inclusivity to ensure a more balanced representation! 😤

Workplaces

Who Are the Top Employers for Product Owner?
Top employers of Product Owner position: Capital One, Liberty Mutual Insurance, Target. People who work in Product Owner position most typically go on to work for the Capital One.
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Product OwnerSan Francisco, CA - 11 months ago
I've worked as a Product Owner for multiple companies and honestly, who your employer is doesn't matter as much as the company culture and team dynamics.
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Product OwnerSeattle, WA - 11 months ago
For those who think Target shouldn't be on the list, remember that they have great support for employees in terms of work-life balance and benefits!
Capital One
Liberty Mutual Insurance
Target
What Industries Does Product Owner Typically Have Experience In?
Industry Background: The most typical industries of Product Owner: Information Technology, Finance & Insurance, Manufacturing, Retail, Professional / Scientific / Technical. Product Owner employees most likely come from a Information Technology industry background.
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Product OwnerChicago, IL - 11 months ago
Sometimes, as a Product Owner in the manufacturing sector, I feel overwhelmed by the pressure to keep up with technological advancements and meet production deadlines. 😩
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Product OwnerBoston, MA - 11 months ago
I'm a Product Owner in the retail industry, and believe me, staying ahead of consumer trends and managing expectations can be challenging, but worth it! 🛍

Find your job as Product Owner

Discussion about Product Owner

Want to know more about Product Owner position?
Share your thoughts and ideas about Product Owner position with others in our community.
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Do a lot of women work as a Product Owner?
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Benjamin Gardner3 years ago
35% are women in this profession only.
What is the typical age to work as a Product Owner?
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Sophie Hayes3 years ago
33 is the average age of people working as a Product Owner.
Is a Product Owner considered to be a junior profession?
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Sophie Hayes3 years ago
On average, people have 7 years of experience when they start working as a Product Owner
Which industries have a lot of people working in Product Owner roles?
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Benjamin Gardner3 years ago
Finance & Insurance is the most probable for a Product Owner to work in.
Is a degree needed to work as a Product Owner?
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Liam Brown3 years ago
You should be fine with a Bachelor of Science degree
Where are you working as a Product Owner?
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Benjamin Gardner3 years ago
Capital One, Liberty Mutual Insurance, Target and USAA employs the most people in the Product Owner role.
How long do you usually work as a Product Owner before changing to another position?
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Benjamin Gardner3 years ago
A Product Owner typically changes positions after 4 years.
Is it frequent for people to switch companies and still work as a Product Owner?
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Liam Brown3 years ago
A typical Product Owner might work for one or two companies.
What occupations do people usually work in before becoming a Product Owner?
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Sophie Hayes3 years ago
Typical prior positions for a Product Owner are Business Analyst, Product Manager or Project Manager
What can be the next step in your career path from Product Owner?
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Benjamin Gardner3 years ago
Product Manager, Business Analyst or Project Manager are good next steps for a Product Owner
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