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The differences between program managers and product owners can be seen in a few details. Each job has different responsibilities and duties. Additionally, a product owner has an average salary of $97,070, which is higher than the $96,084 average annual salary of a program manager.
The top three skills for a program manager include project management, program management and oversight. The most important skills for a product owner are user stories, acceptance criteria, and product backlog.
| Program Manager | Product Owner | |
| Yearly salary | $96,084 | $97,070 |
| Hourly rate | $46.19 | $46.67 |
| Growth rate | 12% | 10% |
| Number of jobs | 197,556 | 129,990 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 67% |
| Average age | 47 | 39 |
| Years of experience | - | 10 |
A program manager is responsible for monitoring the project's progress, improving and developing new strategies, and coordinate various projects across the organization to ensure the success of the business objective. Program managers also manage the program's expenses, ensuring that the projects adhere to the budget goals without compromising the quality and accuracy of the result. A program manager should regularly connect with the different teams of every project under the program to keep track of the processes and procedures for the timely delivery of the product.
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.
Program managers and product owners have different pay scales, as shown below.
| Program Manager | Product Owner | |
| Average salary | $96,084 | $97,070 |
| Salary range | Between $65,000 And $141,000 | 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 | Technology | Manufacturing |
There are a few differences between a program manager and a product owner in terms of educational background:
| Program Manager | Product Owner | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between program managers' and product owners' demographics:
| Program Manager | Product Owner | |
| Average age | 47 | 39 |
| Gender ratio | Male, 52.9% Female, 47.1% | Male, 64.3% Female, 35.7% |
| Race ratio | Black or African American, 7.6% Unknown, 4.7% Hispanic or Latino, 12.7% Asian, 8.9% White, 65.5% American Indian and Alaska Native, 0.7% | 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% |