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The differences between business partners and product owners can be seen in a few details. Each job has different responsibilities and duties. It typically takes 8-10 years to become both a business partner and a product owner. Additionally, a product owner has an average salary of $97,070, which is higher than the $96,324 average annual salary of a business partner.
The top three skills for a business partner include analytics, project management and customer service. The most important skills for a product owner are user stories, acceptance criteria, and product backlog.
| Business Partner | Product Owner | |
| Yearly salary | $96,324 | $97,070 |
| Hourly rate | $46.31 | $46.67 |
| Growth rate | 10% | 10% |
| Number of jobs | 106,251 | 129,990 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 67% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A business partner is an individual who is involved in a legal business partnership with other individuals to manage a business as co-owners. Business partners invest their money into the business, and each partner benefits from any profits and sustains part of any losses. They must file with the state in which they do business and are governed mostly by state laws. Business partners can also be either liable or not for the actions taken by the company.
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 partners and product owners have different pay scales, as shown below.
| Business Partner | Product Owner | |
| Average salary | $96,324 | $97,070 |
| Salary range | Between $66,000 And $140,000 | Between $71,000 And $130,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Washington | California |
| Best paying company | ZS | ORIX USA |
| Best paying industry | Technology | Manufacturing |
There are a few differences between a business partner and a product owner in terms of educational background:
| Business Partner | Product Owner | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between business partners' and product owners' demographics:
| Business Partner | Product Owner | |
| Average age | 39 | 39 |
| Gender ratio | Male, 56.2% Female, 43.8% | Male, 64.3% Female, 35.7% |
| Race ratio | 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% | 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 | 10% | 10% |