Product Owner Salary

A Product Owner (PO) plays a crucial role in a Scrum environment. Experienced, skilled, and reliable POs are often aggressively sought-after and highly valued by many organizations that are adopting both Agile methodology and Scrum framework. As a result of this huge demand and the critical responsibilities that PO takes in a company, the average salary of a POs can be as high as $120,000 (in the United States). Salary can often be a key motivator for many professionals. Read on to find out more about Product Owner Salary.

Demand for Product Owner Role

Product Owner role is a new concept for most organizations that are switching to Agile Project Methodology. Nonetheless, the demand for a Product Owner continues to grow daily. According to the report created by the World Economic Forum, product owner is one of the most emerging jobs in the product development domain. This particular role is experiencing tremendous growth and has been identified in the top 15 emerging jobs in 2020 by LinkedIn with a 24% annual growth in the United States.

Driven by changes in how software is developed, the growing importance of data, the evolution of product development practices, the scope of product owners is expanding. Organizations are looking for product owners with great customer experience, business acumen, market orientation, technical skills, and soft skills.

How Much Does a Product Owner Typically Make?

According to salary sites like PayScale and Glassdoor, the salary range for a Product Owner typically falls between $86,000 and $122,000 (in the United States). There are a number of reasons why the salary range is so broad, such as education, geographic location, certifications, additional skills, the number of years you have spent in your profession.

Product Owner Salary by Experience Level

No matter which role you are looking for, seniority is the main driver of salary ranges. Product owners are no different. Let’s take a look at the average base salary of a Product Owner, based on their level of experience.

PO Salary Based on Experience - Product Owner Salary - Invensis Learning

Source: PayScale

An entry-level Product Owner with less than 1 year of experience can expect an average total compensation of $68,048. An early career Product Owner with 1-4 years of experience and a mid-career Product Owner with 5-9 years of experience earns an average total compensation of $77,874 and $93,744 respectively. An experienced Product Owner with 10-19 years of experience and senior Product Owner with experience of 20 years and higher, earn an average total compensation of $106,684 and $111,791 respectively.

Note: The average compensation mentioned here includes tips, bonus, and overtime pay. Also, the numbers stated here are not reflective of the national average and are just based on a large number of US cities.

Product Owner Salary Based on Location

The average salary of a Product Owner in the different countries is as shown below:

Country Salary (annually)
United States $86,240
India ₹1,539,490
Canada C$77,649
United Kingdom £41,933
Australia AU$109,243

Product Owner Salary Based on Industry

Some of the fast-growing industries have a higher demand for Product Owners. According to a survey, domains such as telecommunication, IT, and finance tend to offer much higher salaries for Product Owners. Please refer to the table for more details.

PO Salary Based on Experience - Product Owner Salary - Invensis Learning

Source: ZIPPIA

Note: The numbers stated here are not reflective of the national average and are just based on a large number of US cities.

The average salary also varies depending on the company that you are applying for. For example, in the United States, the best-paying companies for the entry-level, early career, and mid-career Product Owners are shown in the table below (according to PayScale):

Company Salary (in $ annually)
J.P. Morgan Chase & Co. (JPMCC) 91,109
Charles Schwab & Co., Inc. 82,300
Quicken Loans 76,000
Discover Financial Services LLC 84,000
Relias Learning 52,000
Usaa Insurance 92,000
Applied Systems, Inc. 68,000
Clearwater Analytics 67,000
UnitedHealth Group 86,000
MRI Software 64,000

This is not an exhaustive list.

Product Owner Salary Based on Certifications

Beyond a relevant degree and some work experience, Product Owners can build out competitive skills by obtaining professional certifications. While it is usually not a strict requirement, if you are a Certified Product Owner, your chances of finding good employment will vastly increase. The average salary for a professional with CSPO certification in the United States is $105,034.

According to PayScale, the pay ranges for people with a Certified Scrum Product Owner (CSPO) certification by employers is as follows:

Company Salary Range
Capital One Financial Corp $79k - $157k Inc $98k - $159k
Fidelity Investments $66k - $109k
J.P. Morgan Chase & Co. (JPMCC) $84k - $163k
American Express Co. (AMEX) $87k - $171k

Therefore, if you are not certified yet, make sure to check out the CSPO® certification training at Invensis Learning.

Product Owner Certification Training at Invensis Learning

Like I mentioned earlier, earning a Product Owner certification opens up new possibilities and can increase your paycheck. At Invensis Learning, we offer certification training for different Product Owner certifications such as CSPO and PSPO. Through these programs, you will learn to fulfill your role as Product Owner and how to help your Scrum team perform at the optimum level. They will also accelerate your journey in pursuing a career in Agile.

Corporate Group Training
  • Customized Training
  • Onsite / Virtual
  • Instructor-led Delivery
  • For small to large groups

FAQs on Certified Scrum Product Owner

What are the modes of training provided by Invensis Learning?

Invensis Learning provides 5 different modes of training in the form of:

  • Instructor-led live online (virtual) training
  • Instructor-led classroom training
  • On-site group training
  • Focused 1-to-1 training
  • Self-paced E-learning

You can enroll for training by following below mentioned points:

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  • Click on “Enrol Now” button
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  • Get all the course materials to prepare for the training
  • Join the training on the scheduled date

Yes, you can opt for a customized schedule which is not there on the website. But getting custom schedules will depend on few criteria mentioned below:

  • Focused 1-to-1 training can be customized as per your choice
  • Group training of more than 5 participants can be customized
  • On-site training can be customized as per clients’ requirement

Please check the website regularly to check for new offers and discounts happening throughout the year. You can also get in touch with one of our training consultants through chat to check if any discounts are available.
For all the certification training courses, you will receive their official certificate. Upon completion of the certification exam, the results will be immediately announced. If a participant has cleared the exam, your digital certificate will be made available immediately. But, if you require a hard copy of the certificate, you may incur additional cost and it will be delivered to your address in 2-3 weeks of time.

Once you enroll for training from Invensis Learning, you will receive:

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