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A chief product officer (CPO) is a business executive who oversees the development and distribution of products for a company or an organization. These individuals can work in a variety of fields, such as manufacturing, software, retail or service-related industries. The CPO is responsible for how products are developed, created, and marketed. The main goal of a CPO is to facilitate the creation of products that deliver value to customers and generate revenue for the company. The CPO is also known as the VP of product and reports directly to the CEO of a company.
The average CPO has a bachelor's degree in business, economics, marketing, or a related field, and many companies require about 10 years of experience in product management. These individuals should possess strong communication, leadership, and organization skills, as well as be comfortable managing staff and vendors. A CPO should also have a working knowledge of product development, sales, and marketing.
Most CPOs make up to $104,000 annually, and the job market is expected to grow 4% in the next 10 years.
Director, International Business Major, Wisconsin School of Business, University of Wisconsin-Madison
Avg. Salary $134,865
Avg. Salary $59,228
Growth rate 6%
Growth rate 0.3%
American Indian and Alaska Native 0.64%
Asian 7.47%
Black or African American 3.67%
Hispanic or Latino 7.56%
Unknown 3.88%
White 76.77%
Genderfemale 28.57%
male 71.43%
Age - 52American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 52Stress level is very high
7.1 - high
Complexity level is advanced
7 - challenging
Work life balance is poor
6.4 - fair
| Skills | Percentages |
|---|---|
| CPO | 24.83% |
| Patrol | 11.39% |
| Patients | 7.68% |
| Safety Hazards | 5.24% |
| Criminal Justice | 3.88% |
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The average chief product officer salary in the United States is $134,865 per year or $65 per hour. Chief product officer salaries range between $74,000 and $242,000 per year.
What am I worth?
When things go amiss. Confusion, too many last minute changes that have the potential to ruin things.
Its not a specific job, As a product manager your job responsibilities cover many different areas and that's what i love about it.
all other teams think that they are doing a task for you instead of thinking that they are part of a team on a project
its time consuming,can be very stressful especially when they is a busy schedule