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The differences between business developers and product owners can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business developer has an average salary of $101,635, which is higher than the $97,070 average annual salary of a product owner.
The top three skills for a business developer include healthcare, CRM and customer service. The most important skills for a product owner are user stories, acceptance criteria, and product backlog.
| Business Developer | Product Owner | |
| Yearly salary | $101,635 | $97,070 |
| Hourly rate | $48.86 | $46.67 |
| Growth rate | 10% | 10% |
| Number of jobs | 193,469 | 129,990 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 67% |
| Average age | 44 | 39 |
| Years of experience | - | 10 |
A business developer specializes in conducting in-depth business analysis and crafting various strategies that would not just help a business grow, but also strengthen client base and brand awareness. One of their primary responsibilities revolves around identifying areas in need of improvement. They come up with new services that will boost customer satisfaction, examining the potential for revenue and figuring out new opportunities from trends or other pre-existing programs within the company. All of this is conducted according to the vision, mission, and policies of the organization.
Product owners are at the forefront of an organization's development cycle. They have various duties and responsibilities, which include ensuring that the value of products created by the development team is maximized, creating a vision and defining the goals for development projects, and working closely with all stakeholders. As the product owner, you are responsible for ensuring that the development team maintains a consistent vision and overseeing the product backlog. You are also expected to supervise the actual product development stages and anticipate the needs of clients.
Business developers and product owners have different pay scales, as shown below.
| Business Developer | Product Owner | |
| Average salary | $101,635 | $97,070 |
| Salary range | Between $66,000 And $156,000 | Between $71,000 And $130,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Apple | ORIX USA |
| Best paying industry | Manufacturing | Manufacturing |
There are a few differences between a business developer and a product owner in terms of educational background:
| Business Developer | Product Owner | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | University of Georgia |
Here are the differences between business developers' and product owners' demographics:
| Business Developer | Product Owner | |
| Average age | 44 | 39 |
| Gender ratio | Male, 65.8% Female, 34.2% | Male, 64.3% Female, 35.7% |
| Race ratio | Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4% | Black or African American, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 11% | 10% |