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The differences between product managers, consumables 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 product manager, consumables and a product owner. Additionally, a product manager, consumables has an average salary of $122,421, which is higher than the $97,070 average annual salary of a product owner.
The top three skills for a product manager, consumables include product management, project management and user experience. The most important skills for a product owner are user stories, acceptance criteria, and product backlog.
| Product Manager, Consumables | Product Owner | |
| Yearly salary | $122,421 | $97,070 |
| Hourly rate | $58.86 | $46.67 |
| Growth rate | 10% | 10% |
| Number of jobs | 107,496 | 129,990 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 67% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A product manager of consumables manages a team of professionals that are involved in product development that can increase commission sales. This manager must execute market research for each product category by utilizing online competitive shopping and market trend sources. The manager must develop several new products and launch them while managing the existing brands of the company. This manager must also maintain relationships with business partners and vendors to drive the portfolio.
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 managers, consumables and product owners have different pay scales, as shown below.
| Product Manager, Consumables | Product Owner | |
| Average salary | $122,421 | $97,070 |
| Salary range | Between $84,000 And $178,000 | Between $71,000 And $130,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Meta | ORIX USA |
| Best paying industry | Retail | Manufacturing |
There are a few differences between a product manager, consumables and a product owner in terms of educational background:
| Product Manager, Consumables | 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 managers, consumables' and product owners' demographics:
| Product Manager, Consumables | Product Owner | |
| Average age | 39 | 39 |
| Gender ratio | Male, 55.6% Female, 44.4% | 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% |