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Product Owner Salary : What is the Average in 2021?
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What is the average product owner salary?
The common salary range for product owners is between $59,000 and $168,455. The majority of product owners fall into the median salary category, with just 20% (each) of professionals on the low and high end, respectively.
There are a lot of factors that go into employee salaries, especially in a diverse field such as product management and ownership.
A high-level understanding of agile product development in 2021, is an obvious plus.
Specific skills are also beneficial, especially in companies that require product owners to focus on one particular area of product development.
Out of all the factors though, experience and location are the prime ones that decide how much a product owner makes.
Product Owner Salary by Experience Level
As mentioned, this is a leadership position, and so, the salary is dictated by how much product development/ownership experience an individual has.
Let’s take a look at the average base salary of a product owner, based on their level of experience.
-Entry-level Product Owner: Average total compensation of $67,985, with less than a year of experience.
-Early Career Product Owner: Average total compensation of $77,656, with 1-4 years of experience.
-Mid-career Product Owner: Average total compensation of $92,619, with 5-9 years of experience.
-Experienced Product Owner: Average total compensation of $105, 021, with 10-19 years of experience.
-Senior Product Owner/Director of Product: Average total compensation of $109,765, with 20+ years of experience.
It’s important to note that these salaries are not reflective of the national average, and are a general average based on a large of US cities.
These averages also include any additional cash compensation that an employee may receive, such as overtime, bonuses, tips, performance-based rewards, etc.)
Connect with me here:
#AgileProductOwner #ProductOwner #ProductOwnerSalary #ProductManagement #ProductHQ #JoshFechter
The common salary range for product owners is between $59,000 and $168,455. The majority of product owners fall into the median salary category, with just 20% (each) of professionals on the low and high end, respectively.
There are a lot of factors that go into employee salaries, especially in a diverse field such as product management and ownership.
A high-level understanding of agile product development in 2021, is an obvious plus.
Specific skills are also beneficial, especially in companies that require product owners to focus on one particular area of product development.
Out of all the factors though, experience and location are the prime ones that decide how much a product owner makes.
Product Owner Salary by Experience Level
As mentioned, this is a leadership position, and so, the salary is dictated by how much product development/ownership experience an individual has.
Let’s take a look at the average base salary of a product owner, based on their level of experience.
-Entry-level Product Owner: Average total compensation of $67,985, with less than a year of experience.
-Early Career Product Owner: Average total compensation of $77,656, with 1-4 years of experience.
-Mid-career Product Owner: Average total compensation of $92,619, with 5-9 years of experience.
-Experienced Product Owner: Average total compensation of $105, 021, with 10-19 years of experience.
-Senior Product Owner/Director of Product: Average total compensation of $109,765, with 20+ years of experience.
It’s important to note that these salaries are not reflective of the national average, and are a general average based on a large of US cities.
These averages also include any additional cash compensation that an employee may receive, such as overtime, bonuses, tips, performance-based rewards, etc.)
Connect with me here:
#AgileProductOwner #ProductOwner #ProductOwnerSalary #ProductManagement #ProductHQ #JoshFechter
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