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The differences between business analyst-product owners and business analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a business analyst-product owner, becoming a business analyst takes usually requires 2-4 years. Additionally, a business analyst-product owner has an average salary of $100,087, which is higher than the $74,431 average annual salary of a business analyst.
The top three skills for a business analyst-product owner include user stories, acceptance criteria and jira. The most important skills for a business analyst are project management, data analysis, and business analysis.
| Business Analyst-Product Owner | Business Analyst | |
| Yearly salary | $100,087 | $74,431 |
| Hourly rate | $48.12 | $35.78 |
| Growth rate | 9% | 9% |
| Number of jobs | 175,034 | 170,514 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 71% |
| Average age | 43 | 44 |
| Years of experience | 6 | 4 |
A business analyst-product owner is responsible for monitoring the product management procedures, ensuring that the services accurately reach the target audience on a wide range of platforms. Business analysts-product owners utilize their business expertise, discussing the product's conceptualization to final deliverables. They conduct multiple quality control processes, comply with internal guidelines and state regulations, and adhere to the budget limitations and deadlines. A business analyst-product owner coordinates with the clients and stakeholders to discuss product plans and their impact on the financial stability of the organization.
Business analysts are employees who are responsible for interpreting business data and coming up with business solutions. They are well-versed in whatever business the company is in, and they have strong business acumen. They collect data related to the business and then interpret and analyze the data. Business analysts should be able to conduct different levels of analyses and must also be able to create a sound study. Once the analysis is done, they provide recommendations or strategic direction to decision-makers that will help the business become sustainable and grow.
Business analyst-product owners and business analysts have different pay scales, as shown below.
| Business Analyst-Product Owner | Business Analyst | |
| Average salary | $100,087 | $74,431 |
| Salary range | Between $73,000 And $136,000 | Between $53,000 And $103,000 |
| Highest paying City | Redwood City, CA | Mountain View, CA |
| Highest paying state | Oregon | Washington |
| Best paying company | JPMorgan Chase & Co. | The Citadel |
| Best paying industry | Professional | Finance |
There are a few differences between a business analyst-product owner and a business analyst in terms of educational background:
| Business Analyst-Product Owner | Business Analyst | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between business analyst-product owners' and business analysts' demographics:
| Business Analyst-Product Owner | Business Analyst | |
| Average age | 43 | 44 |
| Gender ratio | Male, 61.1% Female, 38.9% | Male, 53.9% Female, 46.1% |
| Race ratio | Black or African American, 9.5% Unknown, 5.0% Hispanic or Latino, 10.7% Asian, 20.5% White, 54.2% American Indian and Alaska Native, 0.2% | Black or African American, 6.2% Unknown, 4.7% Hispanic or Latino, 8.8% Asian, 12.0% White, 67.7% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 11% |