Product Owners in the US can earn as much as $99,000 and above, while their European counterparts may secure around €63,000 per year.Īnyone stepping into a Senior Product Manager role has experience in the field. Any problems or decisions that must be made to that end will involve the Product Owner in one way or another. In short, the Product Owner is a critical link between the ‘client’ (this can be an internal client) and the team responsible for bringing the product to fruition.
They should serve as an ambassador for products in an external and internal capacity, too, while being the main contact for major product-related queries. They will take a more direct role in directing products to align with the original vision and intention, as well as representing the company at its very best.Ī Product Owner essentially represents the end-user and ensures their needs are met. Their work involves collating requests for product features, scheduling upcoming releases, and - in Agile environments - coordinating sprints.Ī good Product Owner has the skills to pinpoint user needs and understand expectations at a deeper level than Product Managers. They act as the client’s voice and collaborate with stakeholders to keep them updated on progress (and share stakeholders’ expectations/concerns with the development team). European Product Managers typically pull in competitive salaries starting at approximately €57,000.Īs a job title, Product Owner is a little less explanatory than the previous two.īasically, a Product Owner takes responsibility for establishing, prioritizing, and overseeing the work performed by the team to ensure the final product achieves its potential. US-based Product Managers may expect to earn a great salary, from around $68,000 and up. They will be overseen by Senior Product Managers and/or Product Owners. Performing well in a technical Product Manager role will demonstrate the individual’s strengths and candidacy for a role further up the hierarchy. Product Managers are goal-oriented and help devise strategies that advance the product along its journey to market effectively. The customer journey is an important aspect of their work, and they’ll help to keep the product team focused on satisfying user needs. Main responsibilitiesĪ good technical Product Manager has an in-depth understanding of a product’s purpose, USP (s), and value to customers. The Product Manager also serves as a conduit between the product’s developers and other key stakeholders, helping to keep the product on track. Good communication and collaborative skills are fundamental, even more so than with Junior Product Managers (where both attributes will strengthen if they’re weak, to begin with). Generally, a technical Product Manager will lead product development teams’ work and has a tighter grip on the specifics of proper prioritization. The next step up from Junior Product Manager, a Product Manager will take more responsibility and enjoy greater independence in their day-to-day tasks. In Europe, it hovers around the €26,000 mark. In the US, a Junior Product Manager’s base salary is typically around $37,000, though it may be significantly higher depending on the scale of the tech company. They’ll be involved with a development team and take some responsibility for its progress too, aiming to prove themselves suitable for a senior role in the future. They may be expected to prioritize tasks and collaborate with team members at different levels. Main responsibilitiesĪ Junior Product Manager may be assigned to work on a small feature or minor area of a product’s overall development, though they’ll still receive leadership from a senior product manager. They still need to bring ideas to the table and offer valuable input whenever the opportunity arises. It’s an entry-level role usually filled by graduates with some experience or those with a beneficial background in other industries.īut just because a Junior Product Manager is product management on a smaller scale doesn’t mean it’s easy to work. This is the first rung on the ladder to the top of the product-management food chain (to mix metaphors a little).Īs you might have worked out by the name, a Junior Product Manager position is for newcomers to a company. Junior Product Manager / Associate Product Manager
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