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The differences between global 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 global product manager and a product owner. Additionally, a global product manager has an average salary of $116,060, which is higher than the $97,070 average annual salary of a product owner.
The top three skills for a global product manager include product management, global product and market research. The most important skills for a product owner are user stories, acceptance criteria, and product backlog.
| Global Product Manager | Product Owner | |
| Yearly salary | $116,060 | $97,070 |
| Hourly rate | $55.80 | $46.67 |
| Growth rate | 10% | 10% |
| Number of jobs | 123,229 | 129,990 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 67% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A global product manager is responsible for advertising the company's goods and services globally, ensuring that the products meet the global market requirements, and monitor its long-term availability. Global product managers address all inquiries and concerns regarding the product, as well as supervising the manufacturing procedures and analyzing the sales delivery. They also identify business opportunities by evaluating market trends to drive more revenues and increase the company's profitability. A global product manager usually works closely with the sales and marketing team to develop strategic marketing techniques to boost global brand awareness.
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.
Global product managers and product owners have different pay scales, as shown below.
| Global Product Manager | Product Owner | |
| Average salary | $116,060 | $97,070 |
| Salary range | Between $85,000 And $156,000 | Between $71,000 And $130,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Connecticut | California |
| Best paying company | The Citadel | ORIX USA |
| Best paying industry | Automotive | Manufacturing |
There are a few differences between a global product manager and a product owner in terms of educational background:
| Global Product Manager | Product Owner | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between global product managers' and product owners' demographics:
| Global Product Manager | Product Owner | |
| Average age | 39 | 39 |
| Gender ratio | Male, 69.1% Female, 30.9% | 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% |