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The differences between team managers and product owners can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a team manager, becoming a product owner takes usually requires 8-10 years. Additionally, a product owner has an average salary of $97,070, which is higher than the $82,017 average annual salary of a team manager.
The top three skills for a team manager include patients, taking care and project management. The most important skills for a product owner are user stories, acceptance criteria, and product backlog.
| Team Manager | Product Owner | |
| Yearly salary | $82,017 | $97,070 |
| Hourly rate | $39.43 | $46.67 |
| Growth rate | - | 10% |
| Number of jobs | 96,615 | 129,990 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 67% |
| Average age | 47 | 39 |
| Years of experience | 6 | 10 |
Team managers primarily manage the daily activities of their members. Their role includes setting targets, implementing guidelines, and supporting employees to solve any issues that may arise. It is their duty to make sure that the team's objectives are fully understood by all members and that they work closely to fulfill them. They must ensure that all of their members are working towards a common goal through constant monitoring. To manage the team, they may utilize certain principles, such as the SMART principle. They also train members to see to it that their goals are distinct, measurable, attainable, and timely.
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.
Team managers and product owners have different pay scales, as shown below.
| Team Manager | Product Owner | |
| Average salary | $82,017 | $97,070 |
| Salary range | Between $44,000 And $152,000 | Between $71,000 And $130,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | Alaska | California |
| Best paying company | Meta | ORIX USA |
| Best paying industry | - | Manufacturing |
There are a few differences between a team manager and a product owner in terms of educational background:
| Team Manager | Product Owner | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | California State University - Bakersfield | University of Georgia |
Here are the differences between team managers' and product owners' demographics:
| Team Manager | Product Owner | |
| Average age | 47 | 39 |
| Gender ratio | Male, 55.9% Female, 44.1% | Male, 64.3% Female, 35.7% |
| Race ratio | Black or African American, 10.0% Unknown, 4.8% Hispanic or Latino, 17.8% Asian, 5.8% White, 61.0% 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 | 8% | 10% |