Average Salary
$101,698
Average Salary
Job Growth Rate
8%
Job Growth Rate
Job Openings
75,290
Job Openings

Product Owner Careers

Product Owners do way more than purchasing the next best hit on the market. They actually work in IT and evaluate products based on functionality criteria to make sure the end result matches user needs and expectations.

Understanding the way users engage with the product will be perhaps the most important aspect of this position. Based on previous user feedback, you will be expected to define acceptance criteria and manage an array of complex tasks related to product release.

As a product owner, you will lead meetings to discuss product issues, identify roadmaps for products, and oversee the daily activities of the software scrum team. You will set daily goals and manage schedules to make sure tasks are carried out on time.

There is more than meets the eye when it comes to being a product owner. For example, did you know that they make an average of $48.89 an hour? That's $101,698 a year!

Between 2018 and 2028, the career is expected to grow 8% and produce 21,800 job opportunities across the U.S.

What Does a Product Owner Do

There are certain skills that many product owners have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, communication skills and creativity.

When it comes to the most important skills required to be a product owner, we found that a lot of resumes listed 19.1% of product owners included user interface, while 8.2% of resumes included business process, and 5.1% of resumes included product backlog. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the product owner job title. But what industry to start with? Most product owners actually find jobs in the technology and finance industries.

How To Become a Product Owner

If you're interested in becoming a product owner, one of the first things to consider is how much education you need. We've determined that 67.2% of product owners have a bachelor's degree. In terms of higher education levels, we found that 22.7% of product owners have master's degrees. Even though most product owners have a college degree, it's impossible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a product owner. When we researched the most common majors for a product owner, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on product owner resumes include associate degree degrees or diploma degrees.

You may find that experience in other jobs will help you become a product owner. In fact, many product owner jobs require experience in a role such as business analyst. Meanwhile, many product owners also have previous career experience in roles such as project manager or senior business analyst.

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Average Salary
$101,698
Average Salary
Job Growth Rate
8%
Job Growth Rate
Job Openings
75,290
Job Openings

Product Owner Career Paths

Top Careers Before Product Owner

Top Careers After Product Owner

Product Owner Jobs You Might Like

What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Average Salary for a Product Owner

Product Owners in America make an average salary of $101,698 per year or $49 per hour. The top 10 percent makes over $131,000 per year, while the bottom 10 percent under $78,000 per year.
Average Salary
$101,698
Find Your Salary Estimate
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Best Paying Cities For Product Owners

City
ascdesc
Average Salarydesc
San Francisco, CA
Salary Range106k - 165k$133k$132,635
New York, NY
Salary Range103k - 155k$127k$127,262
Philadelphia, PA
Salary Range90k - 137k$111k$111,392
Columbia, MD
Salary Range86k - 131k$107k$106,864
Raleigh, NC
Salary Range85k - 129k$105k$105,427
San Antonio, TX
Salary Range80k - 134k$104k$104,286
Boston, MA
Salary Range85k - 124k$103k$103,292
Washington, DC
Salary Range83k - 126k$103k$102,638
Beaverton, OR
Salary Range87k - 118k$102k$102,038
Alpharetta, GA
Salary Range78k - 121k$98k$97,855
Eden Prairie, MN
Salary Range81k - 115k$97k$96,753
Saint Louis, MO
Salary Range79k - 116k$96k$96,466
Denver, CO
Salary Range78k - 117k$96k$95,907
Detroit, MI
Salary Range77k - 117k$96k$95,703
Franklin, TN
Salary Range74k - 112k$92k$91,698
Chicago, IL
Salary Range74k - 107k$90k$89,601
Columbus, OH
Salary Range73k - 108k$89k$89,426
Boca Raton, FL
Salary Range67k - 114k$88k$87,781
Columbia, SC
Salary Range69k - 106k$86k$86,002
Phoenix, AZ
Salary Range64k - 106k$83k$82,866
$64k
$165k

Recently Added Salaries

CompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Product Owner (Direct Permanent)
Robert Half
08/05/2021
$110,00008/05/2021
Product Owner
Uplight
08/05/2021
$75,00008/05/2021
Development Product Owner Lead-Life Company Annuity Products-Open To Remote
USAA
08/05/2021
$106,80008/05/2021
Quality Systems Product Owner-Telecommute
Unitedhealth Group Inc.
08/05/2021
$79,70008/05/2021
NDS IT Delivery Product Owner
Nelnet
08/05/2021
$70,00008/05/2021
See More Recent Salaries

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Product Owner Resumes

Designing and figuring out what to include on your resume can be tough, not to mention time-consuming. That's why we put together a guide that is designed to help you craft the perfect resume for becoming a Product Owner. If you're needing extra inspiration, take a look through our selection of templates that are specific to your job.

Learn How To Write a Product Owner Resume

At Zippia, we went through countless Product Owner resumes and compiled some information about how to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

View Product Owner Resume Examples And Templates

Product Owner Demographics

Gender

male

60.9 %

female

32.7 %

unknown

6.4 %

Ethnicity

White

73.1 %

Hispanic or Latino

10.9 %

Asian

9.0 %

Foreign Languages Spoken

Spanish

28.1 %

French

15.8 %

Portuguese

10.5 %
Show More Product Owner Demographics

Product Owner Education

Majors

Business
22.6 %

Degrees

Bachelors

67.2 %

Masters

22.7 %

Associate

5.0 %

Top Colleges for Product Owners

1. University of Georgia

Athens, GA • Private

In-State Tuition
$11,830
Enrollment
29,474

2. University of Minnesota - Twin Cities

Minneapolis, MN • Private

In-State Tuition
$14,760
Enrollment
31,451

3. Purdue University

West Lafayette, IN • Private

In-State Tuition
$9,992
Enrollment
33,495

4. University of Texas at Austin

Austin, TX • Private

In-State Tuition
$10,610
Enrollment
40,329

5. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

6. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

7. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990

8. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

9. University of Wisconsin - Madison

Madison, WI • Private

In-State Tuition
$10,555
Enrollment
30,360

10. Stanford University

Stanford, CA • Private

In-State Tuition
$51,354
Enrollment
7,083
Show More Product Owner Education Requirements

Online Courses For Product Owner That You May Like

Scrum Product Owner & Scrum Product Owner Certification
udemy
4.4
(1,783)

Introduction to Agile and Scrum Product Owner Role + Preparation to Product Owner Certification Tests...

Business analysis & Scrum with JIRA for Software development
udemy
4.1
(1,118)

Become a great business analyst, product owner & scrum master with JIRA & Confluence. Business analysis & Scrum course...

Agile & Scrum for Product Owners + Certification Preparation
udemy
4.6
(4,630)

Prepare for your Product Owner certification based on the Scrum Guide v2020 - (UNOFFICIAL)...

See more
Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills For a Product Owner

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 19.1% of product owners listed user interface on their resume, but soft skills such as analytical skills and communication skills are important as well.

  • User Interface, 19.1%
  • Business Process, 8.2%
  • Product Backlog, 5.1%
  • Key Stakeholders, 4.6%
  • Analytics, 4.3%
  • Other Skills, 58.7%
  • See All Product Owner Skills

Best States For a Product Owner

Some places are better than others when it comes to starting a career as a product owner. The best states for people in this position are New York, California, Virginia, and Kansas. Product owners make the most in New York with an average salary of $126,163. Whereas in California and Virginia, they would average $124,913 and $122,392, respectively. While product owners would only make an average of $119,971 in Kansas, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. New York

Total Product Owner Jobs:
4,785
Highest 10% Earn:
$184,000
Location Quotient:
2.1
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Washington

Total Product Owner Jobs:
2,119
Highest 10% Earn:
$157,000
Location Quotient:
1.63
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. California

Total Product Owner Jobs:
10,893
Highest 10% Earn:
$194,000
Location Quotient:
2.09
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Product Owners

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Top Product Owner Employers

We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ product owners and discovered their number of product owner opportunities and average salary. Through our research, we concluded that U.S. Bank was the best, especially with an average salary of $91,184. Target follows up with an average salary of $103,053, and then comes MicroStrategy with an average of $103,605. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as a product owner. The employers include Edward Jones, Dell, and Travelers

1. U.S. Bank
4.8
Avg. Salary: 
$91,184
Product Owners Hired: 
50+
2. Target
4.7
Avg. Salary: 
$103,053
Product Owners Hired: 
42+
3. MicroStrategy
4.7
Avg. Salary: 
$103,605
Product Owners Hired: 
27+
4. Robert Half International
4.5
Avg. Salary: 
$88,821
Product Owners Hired: 
27+
5. Autodesk
4.8
Avg. Salary: 
$119,294
Product Owners Hired: 
26+
6. SEI Investments
4.6
Avg. Salary: 
$105,287
Product Owners Hired: 
25+

Product Owner Videos

Updated August 18, 2021