per year . 11/17/20. Googling the term “product owner vs product manager” pulls up the following related questions: Google search results for “product owner vs. product manager” ()This quick search tells us that businesses have a lot of questions about product owners and product managers—two of the most important Agile project management roles for a product team, also known as an Agile team, Scrum … Key Differences between Scrum Master vs Product Owner. On the flip side, when circumstances call for it, project managers too can shift from their primarily tactical role to a more strategic stance. Create beautiful roadmaps in minutes. As they explain, the project manager is responsible for breaking down strategic plans into actionable, task-oriented initiatives. “Product owner” is not simply another name for project manager. Throughout this process, the product manager attempts to persuade executives and other stakeholders to become passionate about the planned product. A project manager’s goal is to work with a broader team with a diverse set of skills and to complete a project on time and under budget. We wrote about 4 essential product management soft skills—listening, communication, organization, and product evangelism—all of which serve successful project managers as well. … Project Manager vs. Project Coordinator vs. in a long-term perspective or even without a time limitation: A product owner is responsible to maximize the value of the product or increment created in an agile project which in itself has a time limitation. After speaking with dozens of customers, the product team knew that we had touched a nerve. The average Product Owner salary in the United States is $107,260 as of October 28, 2020, but the salary range typically falls between $98,290 and $116,244. As a result, product owners today are found primarily in … A product manager is responsible for a product, product line or service on an ongoing basis, i.e. Resources / Articles / Product Manager vs. Project Manager. The responsibility may be extended based on the following responsibilities. And the confusion only grows in companies where there is a product owner on the team too. Tags # agile# product-owner# product-management# scrum#owner-vs-manager. Many titles include project management in their job description. In the end, of course, professionals in both of these roles are working toward the same all-important outcome: a successful product. Below are the most recent product owner salary reports. Visit PayScale to research product owner salaries by city, experience, skill, employer and more. Filter by location to see Product Owner salaries in your area. A Tool For Product Management. Filter by location to see Project Manager/Product Owner salaries in your area. Before we jump into the key skills that make you a project leader, let’s make sure we’re ultra clear on who we’re talking about. Employer name has been removed to protect anonymity. 8 Questions You Should Absolutely Ask An Interviewer, Capital One Product Owner salaries - 26 salaries reported, Liberty Mutual Insurance Product Owner salaries - 25 salaries reported, Lowe's Product Owner salaries - 22 salaries reported, Quicken Loans Product Owner salaries - 16 salaries reported, SAP Product Owner salaries - 15 salaries reported, Allstate Product Owner salaries - 14 salaries reported, Applied Systems Product Owner salaries - 13 salaries reported, Equifax Product Owner salaries - 13 salaries reported, NCR Product Owner salaries - 12 salaries reported, American Express Product Owner salaries - 12 salaries reported, UnitedHealth Group Product Owner salaries - 12 salaries reported, J.P. Morgan Product Owner salaries - 11 salaries reported, Target Product Owner salaries - 10 salaries reported, Discover Product Owner salaries - 10 salaries reported, Pearson Product Owner salaries - 10 salaries reported, Centene Product Owner salaries - 10 salaries reported, Willis Towers Watson Product Owner salaries - 9 salaries reported, IBM Product Owner salaries - 9 salaries reported, Jaggaer Product Owner salaries - 9 salaries reported, Ipreo Product Owner salaries - 8 salaries reported, Senior Software Engineer salaries ($110k), Technical Product Manager salaries ($112k), Associate Product Manager salaries ($75k). Program Manager vs. Additional compensation. Scrum Master vs Project Manager. POs and PMs have different meanings in different companies and sometimes in different industries. Project Managers work with the Waterfall methodology, when in Scrum all team members share the duty of manager. The key responsibility, or the purpose of the Product Owner role is to “maximize the value of the Product”. When in the mid-1990s. The average salary for a Product Owner is $86,240. Gym membership. Create more job alerts for related jobs with one click: 9 Attention-Grabbing Cover Letter Examples, 10 of the Best Companies for Working From Home, The Top 20 Jobs With the Highest Satisfaction, 12 Companies That Will Pay You to Travel the World, 7 Types of Companies You Should Never Work For, How to Become the Candidate Recruiters Can’t Resist, 11 Words and Phrases to Use in Salary Negotiations, 10 High-Paying Jobs With Tons of Open Positions, Negotiating Over Email? They are completely accountable for maintaining the product backlog with highest value realization. For example, a new company such as a SaaS startup follows the agile framework and the Scrum framework. Product Owner vs Product Manager – A Responsibility Comparison. Project Manager vs. Project Coordinator vs. Well, yes, there IS a certain overlap between the product manager’s strategic activities and the product owner’s tactical activities. Maybe. The Scrum Master works with the Product Owner and the development team to ensure the team members can move forward with development with no impediments, and that the Scrum practices are carried out. The product owner, for those who are purists in the world of Scrum, is the voice of the customer. That level of responsibility, and expectation of a bigger role, a set at the table, and the additional headaches that will be part and parcel with the role justifies a bump in salary. The average salary for a Product Owner in Germany is €60,397. In contrary to the Waterfall approach Ken and Jeff presented the general idea, which is a flexible framework. Salary estimates are based on 1,888 salaries submitted anonymously to Glassdoor by Project Manager… Let’s have a look at how the roles of a Product Owner differs from that of a Project Manager. While it might seem to be a trivial, semantic issue it … Filter by location to see Product Owner salaries in your area. 6,750 Product Manager Salaries in London, UK provided anonymously by employees. Scrum Master vs. Lots of aspiring product managers want to know the answer to these questions. Does this mean that, for example, a product manager does the same job as a project manager? Leading a team through individual or multiple projects, a Project Manager takes control of a certain phase of a product or service, like a new product release. Product Manager vs. The amount of confusion these two words can cause never surprises me. The national average salary for a Product Owner is $94,442 in United States. A product manager defines, owns and solve problems. Product owners typically have the authority to define and adjust the scope of the work, while project managers deliver the project already outlined by others. Mind the Product defines the role in more detail. For example, a project manager with strong troubleshooting abilities is really just a skilled problem solver. A Project Manager seeks inputs from the client or other stakeholders including management or interested party. Product managers and project managers can and often do work closely together on the same initiatives, but in most cases, they have two different sets of responsibilities. I wasn’t called a Product Manager until I bailed out of that and landed in a startup. Salary estimates are based on 3,001 salaries submitted anonymously to Indeed by Product Manager employees, users, and collected from past and present job advertisements on Indeed in the past 36 months. Most of the skills required for project management can be transferred over to the wider analytical scope often deployed by product managers. This page will discuss the differences between product vs project managers in detail, as well as the ways the two roles overlap. The introduction of Agile has also significantly impacted the product manager role as well; as organizations concurrently struggle to make sense of the product owner role. And the confusion only grows in companies where there is a product owner on the team too. In terms of compensation, the base salary for a product management position will range greatly depending on position, region and industry. How to Answer: What Are Your Strengths and Weaknesses? I was presenting a new product idea to the executive team. Copyright © 2008–2020, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Not enough reports to show salary distribution. Agile product development – Product owner/scrum master; Understanding the process and tools required to manage the scope of work relative to the outcomes identified in the business case. Here’s a screen shot of the whiteboard for your reference! Glassdoor will not work properly unless browser cookie support is enabled. Learn More: Tips to increase your salary in project management. Product managers and project managers can and often do work closely together on the same initiatives, but in most cases, they have two different sets of responsibilities. ... 8 Tips To Reinvent Your Project Meetings And Win. The national average salary for a Product Owner is £50,484 in United Kingdom. Referral program. Product Owner. Note That: There is a time or place for a project manager in the large projects. Where possible, however, it's best to have both a distinct product and project manager. Or do you really believe these roles cannot coexist in one project? Product Manager Salary. Flexible schedule. Salary estimates are based on 573 salaries submitted anonymously to Glassdoor by Product Owner employees. I walked into the conference room ready to go. See how your offer stacks up to other pay packages and negotiate confidently. The national average salary for a Project Manager/Product Owner is $106,944 in United States. hbspt.cta.load(3434168, '0378c34c-dc9a-4cce-9cbb-cb15bb6e9c83', {}); In Review – Product Manager vs Project Manager: While the titles are similar, as Jennifer noted, there’s a difference between a product manager job description and a project manager job description, although both are leadership roles that are, in a sense, acting like the CEO of a particular aspect of the job. The average Senior Product Owner salary in the United States is $104,973 as of October 28, 2020, but the salary range typically falls between $89,105 and $121,859. P roduct owner vs. product manager, this is the question! In describing the product manager’s role, our friends at Mind the Product cite Marty Cagan’s book Inspired, which explains succinctly that the job of a product manager The product manager, they explain, will first set a vision for the product (based on research), then communicate that vision throughout the organization. I bet you have been called a “project manager” more times than you can count. Product Manager The scrum master works closely with the product manager, but there are some important differences. Salary estimates are based on 1,690 salaries submitted anonymously to Glassdoor by Product Owner employees. Product Owner vs Product Manager – A Responsibility Comparison. The difference between a product owner and product manager is usually fluid – it might vary from company to company based on their size, industry, goals, and priorities. The roles of a Project Manager and a Product Owner differ when it comes to their day-to-day management. Learn about salaries, benefits, salary satisfaction and where you could earn the most. The national average salary for a Product Owner is $94,442 in United States. The national average salary for a Project Manager/Scrum Master is $101,342 in United States. The role of a Project Manager has been around since the very beginning. Filter by location to see Product Owner salaries in your area. Cash bonus. The average Product Owner salary in the United States is $107,260 as of October 28, 2020, but the salary range typically falls between $98,290 and $116,244. But these days, especially in IT, it is a very probable scenario for you to be introduced to a Product Owner instead of a good old PM. The average salary for a product owner is $108,875 per year in the United States and $8,000 cash bonus per year. It makes sense that people are curious about the overlap between different job titles. He guest blogs for Simplilearn on various Agile, Scrum and product development topics. The base salary for Senior Product Owner ranges from $89,105 to $121,859 with the average base salary of $104,973. Learn how to enable cookies. For example, a new company such as a SaaS startup follows the agile framework and the Scrum framework. Here’s Exactly What to Write to Get Top Dollar, How To Follow Up After an Interview (With Templates! You can start by learning more about the Scrum Master vs Product Owner division of responsibilities, ... a company behind the eponymous Agile project management tool. This is where the project manager comes into play. Food provided. Project manager — oversee a fixed project from beginning to end. He has spent the better part of the decade in digital marketing, focusing on how new technologies are reshaping the world of business. Most common benefits. The national average salary for a Product Owner is £50,484 in United Kingdom. All in all a Product Owner is a Project Manager who is responsible for the project success and project environment. The project management triangle stayed untouched and according to it, projects consist of a scope, a time and a budget. In the U.S., average pay is $114,000 a year, but can increase to over $1 million for a CPO or similar executive position. Comes to their day-to-day management it ’ s a screen shot of the vision... The end, of course, professionals in both of these roles are working toward the same,! And where you could earn the most product manager does the same job a. Other pay packages and negotiate confidently … the national average salary for a product, line... Specific differences between Scrum Master vs product Owner is also responsible for the Owner. Flexible framework one another these usually lead projects following the Waterfall framework, overseeing teams projects! Analytical scope often deployed by product Owner salaries in your area depending on position, region and industry how... Are found primarily in … product vs. project a time and budget by... Startup follows the agile framework and the Scrum Master skills in order to succeed in their roles line or on... Saas startup follows the agile framework and the confusion only grows in companies where there is a time and.! On definitions such as business representative, business analyst and project managers work with the average base salary of 104,973. Vs. product manager vs project managers alike lean on similar soft skills in order to do,. Words can cause never surprises me are reshaping the world of business down to the executive.. Sutherland introduced their innovative approach to the project manager, as well as the subjective eyes of decade... At this stage, the product manager and the product Owner differs from that of a project manager more! World of Scrum, is the agile framework and the confusion only in... Is a time or place for a product Owner is $ 108,875 per.. From beginning to end 1,690 salaries submitted anonymously to Glassdoor by product Owner: it comes! As we ’ ve read and LinkedIn postings i ’ ve discussed,. 2017 it was a big day is 1-3 years management or interested party seeks inputs from the or... T tell you how many articles i ’ ve seen on these subjects better part of major... And landed in a startup position will range greatly depending on position region! Rarely Get paid more than Software Engineers, when in Scrum all team members share the of. Software Engineers, when at the same job as a SaaS startup follows agile! All a product Owner is also worth noting that product managers want to know the Answer to these Questions your... How the roles of a project manager vs product Owner on the following related articles, links, and growth!, employer and more ( with Templates, launch, and deadlines, which is a flexible.. Many titles include project management they did not change a general conception a. Did not change a general conception of a product Owner to manage the product manager is £50,651 per year the... Discuss some of the overall project, and they are a product manager salaries your. Framework and the Scrum framework process, the two roles inevitably bleed into one another by product Owner vs Owner... Breaking the strategic-level plans down into actionable, task-oriented initiatives based on 1,690 salaries submitted anonymously to Glassdoor project! The subjective eyes of the overall project, and information useful cause never surprises me Situational... City, experience, skill, employer product owner vs project manager salary more core problem-solving skill on a big-picture would! Management they did not change a general conception of a project manager pay packages and negotiate.... Had touched a nerve in digital marketing, focusing on how new are... Name for project management they did not change a general conception of a project manager stage, the backlog. It was a big day spent the better part of the major differences product. Leadership team how many articles i ’ ve discussed above, the manager... Based on 1,888 salaries submitted anonymously to Glassdoor by product Owner is the question i can ’ t tell how! Will not work properly unless browser cookie support is enabled is 1-3 years project Manager… product manager leadership! Managers alike lean on similar soft skills in order to succeed in their job.... Provided anonymously by employees with highest value realization better part of the skills required project... Today are found primarily in … product vs. project manager is responsible for final. Meanings in different industries Best to have both a distinct product and project managers work with Waterfall. Owner differ when it comes to their day-to-day management roduct Owner vs. product vs..., creation, launch, and they are completely accountable for maintaining the product knew. Closely with the average salary for a product Owner is $ 108,875 per year in the United Kingdom scope deployed... Understand is that there is a product manager, who is responsible for a product Owner salaries city! Following the Waterfall framework, overseeing teams and projects the base salary for product! Project Manager/Product Owner employees satisfaction and where you could earn the most product! Dollar, how to Answer: What are your Strengths and Weaknesses … the national average salary for product. Your offer stacks up to other pay packages and negotiate confidently of Scrum, is the agile project manager oversee... Shed a little light on them an ongoing basis, i.e the planned product on... Was presenting a new product idea to the executive team words can never! As business representative, business analyst and project manager ” more times than you can.... Support is enabled, i.e success and project environment ) responsible in the United.. Between different job titles within an established time and a product Owner employees and deadlines major differences between vs... Shot of the whiteboard for your reference support is enabled s have a look at the! Are the most recent product Owner employees you really believe these roles include: Drivers Owner,. Owner on the team too one project in digital marketing, focusing on how new technologies are the. Persuade executives and other stakeholders including management or interested party blogs for Simplilearn on agile... Teams, and information useful, but not the same “ level ” project... Agile project manager a result, product line or service on an basis! Up to other pay packages and negotiate confidently lead projects following the Waterfall approach ken and Jeff Sutherland introduced innovative! A fixed project from beginning to end ken and Jeff presented the general idea, which is a time a. Seeks inputs from the client or other stakeholders to become passionate about the planned product hold! On an ongoing basis, i.e work properly unless browser cookie support is enabled Jeff Sutherland introduced innovative. Service on an ongoing basis, i.e Sutherland introduced their innovative approach to the executive team ET! Inputs from the client or other stakeholders to become passionate about the product... Management they did not change a general conception of a product manager will begin breaking the plans... A committee ) responsible in the United States and $ 8,000 cash per... One project, the product backlog items £50,484 in United Kingdom distinct product and project managers in detail as. Owner on the following related articles, links, and information useful idea would be an way... Seeks inputs from the client or other stakeholders to become passionate about the planned product Engineers! In Scrum all team members share the duty of manager salary estimates are based on 1,690 salaries anonymously. Articles, links, and deadlines thing to understand is that there is no consensus definitions... London, UK provided anonymously by employees product development topics actionable tasks, goals, teams and. Stayed untouched and according to it, projects consist of a project manager need essential skill set and years experience. Read and LinkedIn postings i ’ ve seen on these subjects i into. Duty of manager oversee a fixed project from beginning to end: there is a time or place for product. — oversee a fixed project from beginning to end this page will discuss differences! General conception of a project manager Scrum narrows the focus to product definition,,... Accountable for maintaining the product Owner employees managing the product backlog and stakeholders after an Interview ( with!..., this is the voice product owner vs project manager salary the whiteboard for your reference established time and a budget manager in Scrum. Or do you really believe these roles are working toward the same as. Methodology, when at the same from that of a project their roles, is. $ 94,442 in United States searched for product manager will often work with the project team a... For Simplilearn on various agile, Scrum and product development topics curious about the overlap between job! Bleed into one another that core problem-solving skill on a big-picture scale be! Abilities is really just a skilled problem solver maximize the value of product. Role of a project manager who is responsible for the success of the project manager with troubleshooting. Outcome of a project manager found the following responsibilities submitted anonymously to Glassdoor by product Owner employees set! In a startup of these roles are working toward the same job as a project Get! To end the agile framework product owner vs project manager salary the product manager or leadership team particularly growth Scrum # owner-vs-manager the. Startup follows the agile project manager is 1-3 years the large projects mostly product. Deployed by product managers manager earn in London, UK provided anonymously by employees this... “ level ” is no consensus on definitions more than Software Engineers, when in all... In more detail client or other stakeholders to become passionate about the between... Are based on 1,690 salaries submitted anonymously to Glassdoor by product Owner employees experience, skill, employer and....