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The differences between information technology 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 an information technology product manager and a product owner. Additionally, an information technology product manager has an average salary of $110,880, which is higher than the $97,070 average annual salary of a product owner.
The top three skills for an information technology product manager include product management, project management and lifecycle management. The most important skills for a product owner are user stories, acceptance criteria, and product backlog.
| Information Technology Product Manager | Product Owner | |
| Yearly salary | $110,880 | $97,070 |
| Hourly rate | $53.31 | $46.67 |
| Growth rate | 10% | 10% |
| Number of jobs | 169,462 | 129,990 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 67% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
An information technology product manager is responsible for developing technical solutions for business requirements in meeting revenue goals and achieving the highest customer satisfaction. Information technology product managers conduct data and statistical analysis to determine current market trends and identify technology opportunities to monitor product activities and increase the brand's image to various market platforms. An information technology product manager evaluate the stability and efficiency of technological advancements to determine methods for product creation and optimization.
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.
Information technology product managers and product owners have different pay scales, as shown below.
| Information Technology Product Manager | Product Owner | |
| Average salary | $110,880 | $97,070 |
| Salary range | Between $84,000 And $145,000 | Between $71,000 And $130,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Cloudflare | ORIX USA |
| Best paying industry | Hospitality | Manufacturing |
There are a few differences between an information technology product manager and a product owner in terms of educational background:
| Information Technology Product Manager | Product Owner | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between information technology product managers' and product owners' demographics:
| Information Technology Product Manager | Product Owner | |
| Average age | 39 | 39 |
| Gender ratio | Male, 69.4% Female, 30.6% | 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% |