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The differences between senior directors, product development 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 senior director, product development and a product owner. Additionally, a senior director, product development has an average salary of $160,980, which is higher than the $97,070 average annual salary of a product owner.
The top three skills for a senior director, product development include project management, product development and digital marketing. The most important skills for a product owner are user stories, acceptance criteria, and product backlog.
| Senior Director, Product Development | Product Owner | |
| Yearly salary | $160,980 | $97,070 |
| Hourly rate | $77.39 | $46.67 |
| Growth rate | 10% | 10% |
| Number of jobs | 160,867 | 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 senior director of product development spearheads and oversees the product development operations of a company. They have the responsibility to manage product development teams, set goals, establish guidelines and timelines, liaise with key external parties, coordinate managers, and address issues and concerns, resolving them efficiently. They also have the authority to come up with decisions and delegate responsibilities among teams and staff. Moreover, as a senior director, product development, it is essential to implement policies and regulations, developing new ones that support the company's needs, vision, and mission.
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.
Senior directors, product development and product owners have different pay scales, as shown below.
| Senior Director, Product Development | Product Owner | |
| Average salary | $160,980 | $97,070 |
| Salary range | Between $107,000 And $241,000 | Between $71,000 And $130,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Washington | California |
| Best paying company | Genentech | ORIX USA |
| Best paying industry | Media | Manufacturing |
There are a few differences between a senior director, product development and a product owner in terms of educational background:
| Senior Director, Product Development | 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 senior directors, product development' and product owners' demographics:
| Senior Director, Product Development | Product Owner | |
| Average age | 39 | 39 |
| Gender ratio | Male, 71.2% Female, 28.8% | 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% |