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The differences between technical product 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 technical product manager and a product owner. Additionally, a technical product manager has an average salary of $120,052, which is higher than the $97,070 average annual salary of a product owner.
The top three skills for a technical product manager include technical product, product management and cloud. The most important skills for a product owner are user stories, acceptance criteria, and product backlog.
| Technical Product Manager | Product Owner | |
| Yearly salary | $120,052 | $97,070 |
| Hourly rate | $57.72 | $46.67 |
| Growth rate | 10% | 10% |
| Number of jobs | 185,305 | 129,990 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 67% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A technical product manager's responsibilities revolve around performing research and analysis to identify consumers' needs, utilizing new technologies to develop strategies and products, coordinating with different teams, and monitoring the entire progress of production. There are also instances when a technical product manager must perform clerical tasks such as producing reports, preparing presentations, responding to issues and concerns promptly, and managing schedules. Furthermore, as a manager, it is essential to lead and encourage staff to meet goals 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.
Technical product managers and product owners have different pay scales, as shown below.
| Technical Product Manager | Product Owner | |
| Average salary | $120,052 | $97,070 |
| Salary range | Between $89,000 And $161,000 | 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 technical product manager and a product owner in terms of educational background:
| Technical Product Manager | Product Owner | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between technical product managers' and product owners' demographics:
| Technical Product Manager | Product Owner | |
| Average age | 39 | 39 |
| Gender ratio | Male, 75.8% Female, 24.2% | 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% |