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The differences between business analyst-product owners and product 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 product 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 $79,316 average annual salary of a product analyst.
The top three skills for a business analyst-product owner include user stories, acceptance criteria and jira. The most important skills for a product analyst are tableau, data analysis, and product management.
| Business Analyst-Product Owner | Product Analyst | |
| Yearly salary | $100,087 | $79,316 |
| Hourly rate | $48.12 | $38.13 |
| Growth rate | 9% | 11% |
| Number of jobs | 175,034 | 176,369 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 73% |
| 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.
A product analyst job utilizes data analysis software and notates trends in market research. Primarily, analysts project the costs of product development and marketing. They think of the possibilities for profit and sales and monitor the performance of products on the market to come up with a better product. Their responsibilities include company product evaluation, product understanding, and product rating reviews. Familiarity with Microsoft Office Suite, strong communication skills, and proficiency in database software is necessary for this job.
Business analyst-product owners and product analysts have different pay scales, as shown below.
| Business Analyst-Product Owner | Product Analyst | |
| Average salary | $100,087 | $79,316 |
| Salary range | Between $73,000 And $136,000 | Between $56,000 And $111,000 |
| Highest paying City | Redwood City, CA | Seattle, WA |
| Highest paying state | Oregon | Washington |
| Best paying company | JPMorgan Chase & Co. | Meta |
| Best paying industry | Professional | Technology |
There are a few differences between a business analyst-product owner and a product analyst in terms of educational background:
| Business Analyst-Product Owner | Product Analyst | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Georgia |
Here are the differences between business analyst-product owners' and product analysts' demographics:
| Business Analyst-Product Owner | Product Analyst | |
| Average age | 43 | 44 |
| Gender ratio | Male, 61.1% Female, 38.9% | Male, 53.2% Female, 46.8% |
| 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, 7.6% Unknown, 4.5% Hispanic or Latino, 8.5% Asian, 14.6% White, 64.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 8% | 12% |