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What does a Product Owner earn?
Product Owners typically earn around £24,800 each year in the UK. Product Owners provide guidance, organisation, and leadership to a development team in creating a specific product. They take responsibility for a product's success, making sure it meets the needs of the customers. Product Owners often work within specific areas, such as mobile applications, web projects, or software platforms.
How to earn more as a Product Owner
"To become a Product Owner, you will need an understanding of software products, user experience design and business process management. You may benefit from a degree in project or product management, but you can also gain qualifications through apprenticeships and courses. To earn more as a Product Owner, you can move into a senior-level role, such as Head of Product or Chief Product Officer. Alternatively, you may become self-employed or set up your own product design and development company. The highest paid Product Owners can command salaries of over £59,300 a year."
Min: £200.00 Max: £59,326.00
Average Product Owner Salary in UK : £24,796.64
Read about Product Owner salaries, related jobs and salary information across the UK
Product Owner Salary data from the ONS
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Recommended Product Owner Jobs in UK
Salary by Region
Compare Product Owner salaries across different regions
Region | Salary |
---|---|
Scotland | £32,338.46 |
Wales | £24,084.62 |
East Midlands | £22,000.00 |
Eastern | £20,061.54 |
London | £41,684.69 |
North East | £25,430.77 |
North West | £19,714.38 |
South East | £24,314.81 |
South West | £22,056.10 |
West Midlands | £29,265.22 |
Yorkshire and the Humber | £16,073.33 |
Understanding the Average Product Owner Salary in the UK
As a Product Owner in the UK, it's important to have a clear understanding of the average salary in this role. According to average Sales salaries, the average salary for a Product Owner in the UK is £24,800 per year. However, it's important to note that this figure can vary depending on factors such as location, industry, and level of experience.
Salary Expectations for Newly Qualified Product Owner
If you're a newly qualified Product Owner in the UK, you may be wondering what salary you can expect. To get a better idea, it's recommended to explore the current job market by conducting a job search specifically for Product Owner positions. This will give you an insight into the salary range for entry-level roles in your desired location.
Salaries for Experienced Product Owner
For experienced Product Owners in the UK, the salary potential is higher. With a proven track record and a wealth of industry knowledge, you can expect to earn a higher salary than your less experienced counterparts. The salary range for experienced Product Owners in the UK is typically between £200 and £59,300 per year, depending on various factors such as company size, industry, and location.
Creating a Product Owner CV
When applying for Product Owner roles in the UK, it's crucial to have a well-crafted CV that highlights your skills and experience. To make this process easier, you can use a CV template specifically designed for Product Owners. This template will guide you in showcasing your relevant qualifications, achievements, and responsibilities in a professional and concise manner.
Career Development Opportunities for Product Owner
As a Product Owner in the UK, there are numerous career development opportunities available to you. Whether it's pursuing advanced certifications, attending industry conferences, or taking on leadership roles, investing in your professional growth can lead to higher earning potential. For valuable career advice and guidance on how to progress in your Product Owner career, explore resources tailored to your specific goals.
Comprehensive Compensation for Product Owner
Aside from the base salary, Product Owners in the UK may also receive additional compensation in the form of bonuses, profit-sharing, or stock options. These additional benefits can significantly enhance your overall earnings and reward your contributions to the company's success. It's important to consider the comprehensive compensation package when evaluating job offers and negotiating your salary.
Strategies for Increasing Your Salary as a Product Owner
If you're looking to increase your salary as a Product Owner in the UK, there are several strategies you can employ. Firstly, continuously update your skills and stay up-to-date with industry trends to demonstrate your value to employers. Secondly, take on additional responsibilities and showcase your ability to handle complex projects. Lastly, consider negotiating your salary during performance reviews or when taking on new roles within the company.
Professional Development and Earnings
Investing in your professional development as a Product Owner can have a direct impact on your earnings. By acquiring advanced certifications, attending relevant workshops, and staying informed about emerging technologies, you can position yourself as a highly skilled and sought-after professional. This can lead to increased job opportunities and higher salary offers.
Capitalising on Extra Hours and Duties
As a Product Owner, you may occasionally find yourself working extra hours or taking on additional duties to meet project deadlines or address unexpected challenges. While this may require additional effort, it can also present opportunities for career advancement and increased earnings. By demonstrating your dedication and ability to handle pressure, you can position yourself for promotions or salary increases.