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The differences between clinical product managers 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 clinical product manager and a product owner. Additionally, a clinical product manager has an average salary of $104,486, which is higher than the $97,070 average annual salary of a product owner.
The top three skills for a clinical product manager include cross-functional, product management and roadmap. The most important skills for a product owner are user stories, acceptance criteria, and product backlog.
| Clinical Product Manager | Product Owner | |
| Yearly salary | $104,486 | $97,070 |
| Hourly rate | $50.23 | $46.67 |
| Growth rate | 10% | 10% |
| Number of jobs | 165,287 | 129,990 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 67% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
Clinical product managers keep up with the market's never-ending need to turn them into product development opportunities by regular communication. These managers work on developing, implementing, testing, and sales with field engineering experts to publicize products and their new features. To hone their leadership and product operation skills, they undergo content writing training and realistic product management training. They consult with product managers to review product designs and clinical planning to maintain support for the products as they go through the product life cycle.
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.
Clinical product managers and product owners have different pay scales, as shown below.
| Clinical Product Manager | Product Owner | |
| Average salary | $104,486 | $97,070 |
| Salary range | Between $74,000 And $146,000 | Between $71,000 And $130,000 |
| Highest paying City | Sunnyvale, CA | San Francisco, CA |
| Highest paying state | Washington | California |
| Best paying company | Intuitive Surgical | ORIX USA |
| Best paying industry | Health Care | Manufacturing |
There are a few differences between a clinical product manager and a product owner in terms of educational background:
| Clinical Product Manager | Product Owner | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 67% |
| Most common major | Nursing | Business |
| Most common college | University of Wisconsin - Madison | University of Georgia |
Here are the differences between clinical product managers' and product owners' demographics:
| Clinical Product Manager | Product Owner | |
| Average age | 39 | 39 |
| Gender ratio | Male, 42.4% Female, 57.6% | 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% |