Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between business relationship managers and product owners can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a business relationship manager, becoming a product owner takes usually requires 8-10 years. Additionally, a product owner has an average salary of $97,070, which is higher than the $87,741 average annual salary of a business relationship manager.
The top three skills for a business relationship manager include customer service, relationship management and cash management. The most important skills for a product owner are user stories, acceptance criteria, and product backlog.
| Business Relationship Manager | Product Owner | |
| Yearly salary | $87,741 | $97,070 |
| Hourly rate | $42.18 | $46.67 |
| Growth rate | 17% | 10% |
| Number of jobs | 114,003 | 129,990 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 67% |
| Average age | 46 | 39 |
| Years of experience | 8 | 10 |
A business relationship manager is primarily responsible for improving the relationship between customers and businesses. Typically, it is their responsibility to develop strategies and business plans to strengthen client relationships, address issues and concerns, and perform corrective measures when necessary. There are instances when they have to reach out to clients through calls and correspondence, perform follow-up contacts to offer new services and opportunities, and provide industry advice or consultation. Furthermore, as a manager, it is essential to lead and encourage staff in the joint effort to reach target sales and improve client base.
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 relationship managers and product owners have different pay scales, as shown below.
| Business Relationship Manager | Product Owner | |
| Average salary | $87,741 | $97,070 |
| Salary range | Between $61,000 And $125,000 | Between $71,000 And $130,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | New Jersey | California |
| Best paying company | AstraZeneca | ORIX USA |
| Best paying industry | Technology | Manufacturing |
There are a few differences between a business relationship manager and a product owner in terms of educational background:
| Business Relationship Manager | Product Owner | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between business relationship managers' and product owners' demographics:
| Business Relationship Manager | Product Owner | |
| Average age | 46 | 39 |
| Gender ratio | Male, 64.6% Female, 35.4% | Male, 64.3% Female, 35.7% |
| Race ratio | Black or African American, 7.4% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.9% American Indian and Alaska Native, 0.3% | 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% |