Topic:
From just an idea to out the door
What you'll learn:
You will become empowered to turn an idea in your head into a real product
You will…
Product owners are part of Agile scrum teams and are in charge of making sure products provide users with as much value as possible. Here’s what to know about a product owner’s salary, needed skills and how to become one.
Product owners work on Agile teams to release software products. Working closely with scrum masters and developers, they are responsible for setting the strategies around product development and determining which aspects of a project to prioritize.
Product owners set goals, oversee product development and determine which features to prioritize. POs also compile and resolve lists of backlog items, which are improvements that need to be made in response to user feedback.
Product owners work on product development teams and usually work closely with the scrum master and leadership teams. They may have a few developers as direct reports, depending on the structure of the team.
Product owners help keep the scrum development process on track. Along with the scrum master, they ensure that timelines for product development and release are followed and communicate with company leaders and stakeholders on the progress of projects.
Product owners usually have a bachelor’s degree in software engineering, product development or a related field. Most product owners also go through a training or certification program.
Product owners may begin their career as software developers or programmers before later becoming certified product owners. After becoming a product owner, someone may hold titles like senior product owner, scrum master, product manager or product director.
Product owners and related roles can expect healthy growth over the next several years. The projected job growth rate for computer and information systems product owners, a related field, is 10 percent through 2031.
The full compensation package for a product owner depends on a variety of factors, including but not limited to the candidate’s experience and geographic location. See below for detailed information on the average product owner’s salary.
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