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The differences between product solution 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 a product solution manager and a product owner. Additionally, a product solution manager has an average salary of $101,375, which is higher than the $97,070 average annual salary of a product owner.
The top three skills for a product solution manager include market analysis, product development and product management. The most important skills for a product owner are user stories, acceptance criteria, and product backlog.
| Product Solution Manager | Product Owner | |
| Yearly salary | $101,375 | $97,070 |
| Hourly rate | $48.74 | $46.67 |
| Growth rate | 10% | 10% |
| Number of jobs | 116,600 | 129,990 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 67% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A project solution manager is in charge of overseeing the efforts put into developing and executing projects, ensuring efficiency and smooth workflow. Their responsibilities revolve around setting goals and objectives, managing budgets and schedules, supervising project solution teams, and devising strategies to optimize procedures. They must also monitor the progress and performance of the workforce, assisting them as needed. Furthermore, as a project solution manager, it is essential to lead and encourage the teams to reach goals, all while implementing the company's policies and regulations.
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 solution managers and product owners have different pay scales, as shown below.
| Product Solution Manager | Product Owner | |
| Average salary | $101,375 | $97,070 |
| Salary range | Between $73,000 And $140,000 | 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 | - | Manufacturing |
There are a few differences between a product solution manager and a product owner in terms of educational background:
| Product Solution Manager | Product Owner | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between product solution managers' and product owners' demographics:
| Product Solution Manager | Product Owner | |
| Average age | 39 | 39 |
| Gender ratio | Male, 71.4% Female, 28.6% | 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% |