{"id":14171,"date":"2022-07-20T09:27:35","date_gmt":"2022-07-20T07:27:35","guid":{"rendered":"https:\/\/careerfoundry.inbearbeitung.de\/en\/?p=14171"},"modified":"2023-04-19T10:48:35","modified_gmt":"2023-04-19T08:48:35","slug":"product-owner-salary","status":"publish","type":"post","link":"https:\/\/careerfoundry.inbearbeitung.de\/en\/blog\/product-management\/product-owner-salary\/","title":{"rendered":"The Ultimate Product Owner Salary Guide"},"content":{"rendered":"

Are you curious about what a product owner salary looks like? You’re not alone. In fact, many people are interested in this topic.<\/strong><\/p>\n

Product owners are in high demand right now. Companies are looking for people who can help them create products that customers love. But, if you’re thinking about becoming a product owner, you’re probably wondering how much money you can expect to make.<\/span><\/p>\n

The answer to this question isn’t simple. There are a lot of factors that go into determining a product owner’s salary. This guide will look at some of the most critical factors. We’ll also give you an idea of what you can expect to earn as a product owner.<\/span><\/p>\n

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  1. What does a product owner do?<\/a><\/li>\n
  2. What is the average product owner salary in the United States?<\/a><\/li>\n
  3. Product owner salaries around the world<\/a><\/li>\n
  4. Is product owner a good career?<\/a><\/li>\n
  5. What is a Certified Scrum Product Owner?<\/a><\/li>\n
  6. How does a product owner\u2019s salary vary based on seniority level?<\/a><\/li>\n
  7. How to negotiate for a higher product owner salary<\/a><\/li>\n<\/ol>\n

    1. What does a product owner do?<\/span><\/h2>\n

    First things first, we need to start by understanding product management. <\/span><\/p>\n

    Product management<\/a>\u00a0is the process of developing and bringing a product to market. It includes identifying customer needs and creating a design, production, and post-sales support plan. When talking about product management, people often use the term “product owner.”<\/span><\/p>\n

    The product owner is a specific role within product management. They are responsible for creating and maintaining the product roadmap<\/a>, which outlines the product’s vision and the development timeline. They also work with stakeholders to prioritize features and ensure that the development team is on track to meet deadlines.<\/span><\/p>\n

    While the product owner is ultimately responsible for the product, they might not do any of the development work themselves.<\/span><\/p>\n

    Instead, they work with a development team to build the product. They also collaborate with other stakeholders, such as marketing, sales, and customer support. The product owner is the bridge between the development team and other stakeholders. This bridge is essential for ensuring that the product meets customer needs and is successful in the market.<\/span><\/p>\n

    Of course, this are just the main overview of the role\u2014there are plenty more differences between a product owner and a product manager<\/a>.<\/p>\n

    2. <\/span>What is the average product owner salary in the United States?<\/span><\/h2>\n

    The average product owner salary in the United States is $115,784 annually, <\/strong>according to Glassdoor<\/a>. The salary range for product owners typically falls between $90,000 and $151,000 per year<\/strong>. The position of product owner is a relatively new one, and as such, there is a wide range of salaries being paid for this role.<\/span><\/p>\n

    The compensation often depends on the company size, industry, and location. For example, someone working as a product owner in San Francisco will likely earn a higher salary than someone in a smaller city.<\/span><\/p>\n

    According to David Patterson-Cole, CEO and Co-Founder of <\/span>Moonchaser.io (now Rora<\/a>)<\/span>, a salary negotiation consulting firm: <\/span><\/p>\n

    “One of the benefits of being a product owner is that the role is relatively new, so there’s a lot of room for growth. As the demand for product owners increases, so will the salaries.”<\/span><\/p><\/blockquote>\n

    Product owners who have worked in the software industry for many years may also command a higher salary than those just starting. No matter your experience level or location, the average product owner salary in the United States is an excellent wage.<\/span><\/p>\n

    3. Product owner salaries around the world<\/span><\/h2>\n

    Unsurprisingly, the average product owner salary varies depending on the country. Here are some average salaries for product owners in different countries according to <\/span>PayScale<\/span><\/a> and <\/span>Glassdoor<\/span><\/a>.<\/span><\/p>\n

    To give more context, we\u2019ve compared many of them with the average salary for that country, courtesy of <\/span>Jobted<\/span><\/a>. So, let’s get into it, shall we?<\/p>\n

    The average product owner salary in the UK and Ireland<\/span><\/h3>\n

    Across the Atlantic, the average product owner salary in the Republic of Ireland is <\/span>\u20ac71,054 <\/b>per year, putting it \u20ac30,000 more than the Irish average wage of \u20ac44,202.<\/span><\/p>\n

    A product owner in the UK earns on average <\/span>\u00a360,505<\/b>. This makes it double<\/span>\u00a0the UK average of<\/span> \u00a329,600 per year. <\/span>Breaking that down across some of the major cities, there are some pretty big variations:<\/span><\/p>\n