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The differences between owners and requirements managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes More than 10 years to become an owner, becoming a requirements manager takes usually requires 6-8 years. Additionally, an owner has an average salary of $90,334, which is higher than the $87,310 average annual salary of a requirements manager.
The top three skills for an owner include customer service, payroll and financial statements. The most important skills for a requirements manager are java, client facing, and emerging technologies.
| Owner | Requirements Manager | |
| Yearly salary | $90,334 | $87,310 |
| Hourly rate | $43.43 | $41.98 |
| Growth rate | 6% | 16% |
| Number of jobs | 86,486 | 64,837 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 52% | Bachelor's Degree, 64% |
| Average age | 52 | 47 |
| Years of experience | - | 8 |
Owners, in the most basic sense, own the business, company, or organization. They are responsible for building the business. They create business plans and the general vision and mission of the company, set goals, work on these goals, and ensure that the business keeps running. They manage all aspects of their business, from finances to marketing to people, etc. When the business becomes stable, owners eventually hire more employees. As such, owners also become overseers who would ensure that the organization remains afloat.
A Requirements Manager develops and oversees procedures to ensure that projects meet their needs. They focus on identifying project requirements through extensive research and analysis, conceptualizing plans to attain them. There are also instances when they must spearhead product and requirement reviews, identifying their strengths and weaknesses to develop solutions against potential problem areas. Most Requirements Managers manage development teams, leading and encouraging them to reach goals while implementing company standards and regulations for a smooth and efficient workflow.
Owners and requirements managers have different pay scales, as shown below.
| Owner | Requirements Manager | |
| Average salary | $90,334 | $87,310 |
| Salary range | Between $60,000 And $135,000 | Between $56,000 And $135,000 |
| Highest paying City | New York, NY | - |
| Highest paying state | New Jersey | - |
| Best paying company | BP America Inc | - |
| Best paying industry | - | - |
There are a few differences between an owner and a requirements manager in terms of educational background:
| Owner | Requirements Manager | |
| Most common degree | Bachelor's Degree, 52% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Carnegie Mellon University |
Here are the differences between owners' and requirements managers' demographics:
| Owner | Requirements Manager | |
| Average age | 52 | 47 |
| Gender ratio | Male, 63.1% Female, 36.9% | Male, 66.8% Female, 33.2% |
| Race ratio | Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.6% Asian, 7.5% White, 76.7% American Indian and Alaska Native, 0.6% | Black or African American, 6.8% Unknown, 5.2% Hispanic or Latino, 10.2% Asian, 12.6% White, 65.1% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 11% |