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The differences between senior managers, product management 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 manager, product management and a product owner. Additionally, a senior manager, product management has an average salary of $137,551, which is higher than the $97,070 average annual salary of a product owner.
The top three skills for a senior manager, product management include product management, SR and product development. The most important skills for a product owner are user stories, acceptance criteria, and product backlog.
| Senior Manager, Product Management | Product Owner | |
| Yearly salary | $137,551 | $97,070 |
| Hourly rate | $66.13 | $46.67 |
| Growth rate | 10% | 10% |
| Number of jobs | 204,090 | 129,990 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 67% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A senior product manager is responsible for handling the product management processes, identifying product improvement strategies, and launching the product brand on various market and media platforms. Senior product managers work closely with the marketing and public relations team to promote product releases through digital content publishing, media interviews, and social events. They also coordinate with the clients on progress updates, provide statistical analysis, and inform them of any adjustments on product development procedures. A senior product manager should have excellent critical-thinking and organizational skills in implementing and expanding product awareness to the public within budget goals and set timeframes.
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 managers, product management and product owners have different pay scales, as shown below.
| Senior Manager, Product Management | Product Owner | |
| Average salary | $137,551 | $97,070 |
| Salary range | Between $102,000 And $185,000 | Between $71,000 And $130,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Oregon | California |
| Best paying company | Coinbase | ORIX USA |
| Best paying industry | Retail | Manufacturing |
There are a few differences between a senior manager, product management and a product owner in terms of educational background:
| Senior Manager, Product Management | Product Owner | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between senior managers, product management' and product owners' demographics:
| Senior Manager, Product Management | Product Owner | |
| Average age | 39 | 39 |
| Gender ratio | Male, 72.5% Female, 27.5% | 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% |