What does a Product Owner do?

A product owner is typically an IT professional responsible for evaluating work generated by a software scrum team. During evaluations, the product owner will match and prioritize the features and functionality of the product to obtain maximum performance to the benefit of the end user. Other duties include scheduling and leading meetings to identify product issues, determining roadmaps for products and managing daily goals and schedules to achieve high performance and meet project deadlines.

A bachelor's degree is generally required to be a product owner with some companies expressing a preference to those holding a master's of business administration (MBA). Most employers require a minimum of two years of experience as a product owner in the industry with many successful candidates displaying strong managerial attributes such as excellent verbal and written communication skills with a proven track record of successfully developing excellent products within deadlines.

What responsibilities are common for Product Owner jobs?
  • Supervise and advise the scrum team to meet software expectations
  • Manage the product development team to create a strong end product
  • Nurture ideas and solutions to existing customer problems
  • Communicate effectively with team members to achieve project goals
  • Extract and retrieve information and data sets to improve upon software
  • Determine roadmaps for products in the creation phase
  • Work closely with the scrum team throughout the development process
  • Schedule and lead meetings to identify issues and fixes for projects
What are the typical qualifications for Product Owner jobs?
  • Master's in business administration preferred
  • Minimum 2 years experience as a product owner in the industry
  • Strong knowledge of Agile principles and process
  • In-depth understanding of industry market conditions and trends
  • Outstanding verbal and written communication skills
  • Successful track record of developing products within deadlines
  • Excellent attention to detail
  • Sharp analytical and problem-solving skills
  • Creative and innovative thinker
EducationBachelor's Degree
Work/Life Balance
3.9 ★
Salary Range--
Career Opportunity
3.8 ★
Avg. Experience2-4 years

Product Owner Salaries

Average Base Pay

€65,717 /yr
Same as national average
Not including cash compensation
See More Insights
€47K
Median: €66K
€87K
See More Insights
Glassdoor Estimated Salary

Product Owner Career Path

Learn how to become a Product Owner, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

Product Owner
€65,717/yr
Senior Product Owner
€75,684/yr
Product Owner IV
€82,485/yr
Product Owner

Years of Experience Distribution

0 - 1
1%
2 - 4
81%
5 - 7
11%
8+
7%
Not including years spent in education and/or training

Product Owner Insights

Read what Product Owner professionals have to say about their job experiences and view top companies for this career.
IntechnicaIntechnica
Product Owner
28 Jun 2021

“really open and honest about all aspects of the business and work and your role within”

Rakuten KoboRakuten Kobo
Product Owner
20 Dec 2021

“It's a fun product and almost everyone I encounter is great to work with.”

Bank of AmericaBank of America
Tech Delivery Product Owner
29 Jul 2021

“Career advancement is not clearly defined and you will have to find your own way.”

Baker HughesBaker Hughes
Product Owner
13 May 2022

“It was a great experience and I attribute my career growth to the company and its many highly competent employees.”

PuzzelPuzzel
Product Owner (PO)
20 Jan 2022

“Full empowerment and trust to perform your job role to the best of your ability.”

Daugherty Business SolutionsDaugherty Business Solutions
Product Owner
16 Feb 2022

“3. Low attrition rate; many consultants have been with Daugherty for years and many want to retire here.”

PentalogPentalog
Product Owner
24 Jun 2021

“Been here for a few years now and I had many opportunities to learn and grow.”

julijuli
Product Owner
20 Jan 2022

“All remote team means that you don't get to know people in the same way”

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Product Owner Interviews

Frequently asked questions about the role and responsibilities of product owners

The typical day of a product owner involves working in IT to oversee a scrum team and its outputs. These professionals are responsible for effective communication, team management, and the overall project output. They also engage in problem solving and strong attention to deadlines.

Product owners typically work in an office environment during business hours, which contributes to product owner job satisfaction. They communicate extensively with the scrum team and with other employees in the organization to ensure the final product meets the organization's needs.

The average pay for a product owner in the U.S. is €65,717 per year. The top earners in the field have an average base pay of €65,717 per year. Moving into lead or senior product owner roles can help increase yearly pay.

When thinking of becoming a product owner, remember that these professionals shoulder considerable responsibility, whether a project goes well or could use improvement. Additionally, managing a scrum team, meeting tight deadlines, and communicating between company departments can create a stressful work environment.

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