Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between vice president, 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 vice president, product manager and a product owner. Additionally, a vice president, product manager has an average salary of $144,547, which is higher than the $97,070 average annual salary of a product owner.
The top three skills for a vice president, product manager include product management, project management and portfolio. The most important skills for a product owner are user stories, acceptance criteria, and product backlog.
| Vice President, Product Manager | Product Owner | |
| Yearly salary | $144,547 | $97,070 |
| Hourly rate | $69.49 | $46.67 |
| Growth rate | 10% | 10% |
| Number of jobs | 134,144 | 129,990 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 67% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A vice president, product manager is an executive professional who is responsible for managing a team of product managers that guide the success of a product and improving it. This vice president must develop marketing initiatives that could drive customer growth, product development, and improving cross-sell campaigns. The vice president should collaborate with multiple teams to provide various product ideas and business cases. This vice president must also interact with clients so that they can identify their needs and address issues related to 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.
Vice president, product managers and product owners have different pay scales, as shown below.
| Vice President, Product Manager | Product Owner | |
| Average salary | $144,547 | $97,070 |
| Salary range | Between $102,000 And $204,000 | Between $71,000 And $130,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Rhode Island | California |
| Best paying company | Pacific Investment Management Company LLC | ORIX USA |
| Best paying industry | Finance | Manufacturing |
There are a few differences between a vice president, product manager and a product owner in terms of educational background:
| Vice President, Product Manager | Product Owner | |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between vice president, product managers' and product owners' demographics:
| Vice President, Product Manager | Product Owner | |
| Average age | 39 | 39 |
| Gender ratio | Male, 64.6% Female, 35.4% | 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% |