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The differences between product analysts and product owners can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a product analyst, becoming a product owner takes usually requires 8-10 years. Additionally, a product owner has an average salary of $97,070, which is higher than the $79,316 average annual salary of a product analyst.
The top three skills for a product analyst include tableau, data analysis and product management. The most important skills for a product owner are user stories, acceptance criteria, and product backlog.
| Product Analyst | Product Owner | |
| Yearly salary | $79,316 | $97,070 |
| Hourly rate | $38.13 | $46.67 |
| Growth rate | 11% | 10% |
| Number of jobs | 176,369 | 129,990 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 67% |
| Average age | 44 | 39 |
| Years of experience | 4 | 10 |
A product analyst job utilizes data analysis software and notates trends in market research. Primarily, analysts project the costs of product development and marketing. They think of the possibilities for profit and sales and monitor the performance of products on the market to come up with a better product. Their responsibilities include company product evaluation, product understanding, and product rating reviews. Familiarity with Microsoft Office Suite, strong communication skills, and proficiency in database software is necessary for this job.
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.
Product analysts and product owners have different pay scales, as shown below.
| Product Analyst | Product Owner | |
| Average salary | $79,316 | $97,070 |
| Salary range | Between $56,000 And $111,000 | Between $71,000 And $130,000 |
| Highest paying City | Seattle, WA | San Francisco, CA |
| Highest paying state | Washington | California |
| Best paying company | Meta | ORIX USA |
| Best paying industry | Technology | Manufacturing |
There are a few differences between a product analyst and a product owner in terms of educational background:
| Product Analyst | Product Owner | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between product analysts' and product owners' demographics:
| Product Analyst | Product Owner | |
| Average age | 44 | 39 |
| Gender ratio | Male, 53.2% Female, 46.8% | Male, 64.3% Female, 35.7% |
| Race ratio | Black or African American, 7.6% Unknown, 4.5% Hispanic or Latino, 8.5% Asian, 14.6% White, 64.6% 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 | 12% | 10% |