With an objective to enable continuous learning and progression for our learners, PremierAgile curated several learning articles in the areas of Agile, Scrum, Product Ownership, Scaling, Agile Leadership, Tools & Frameworks, latest market trends, new innovations etc...
Do you know the job role for expert Certified Scrum Product Owners (CSPOs) is in high demand today? As more organizations adopt the Agile Scrum approach, the role of a CSPO becomes crucial for a successful Agile Transformation.
Defining and prioritizing the Product Backlog, ensuring alignment with the Product Vision, and collaborating closely with stakeholders to deliver maximum value - the CSPO does it all! Naturally, global enterprises are paying well to those who can excel in this role.
Are you also looking for suitable opportunities as an aspiring Product Owner? If so, let's explore the salary trends for Product Owners in 2024!
Typically, a bachelor's degree in a relevant field, such as Computer Science, Business Administration, or Engineering, is preferred for aspiring Product Owners. However, the academic requirements might be changed based on the company’s selection criteria.
With these academic qualifications and skills, aspiring Product Owners can effectively shine through the assigned roles and responsibilities.
Different states and cities across various countries have average salaries for Product Owners. Let’s take a look at the expected pay scale across the world!
Please note these are just average salary expectations highlighted in this section. The actual salary might vary depending on your current situation and the location you are applying for!
As the Product Owner is an Agile Leadership position, the salary might fluctuate depending on what type of experience you have and what your primary expertise is about. However, go through the following suggestions to get a general idea!
CSPOs typically earn higher salaries than non-certified counterparts. So, holding the CSPO certification from Scrum Alliance can be advantageous for job applications! If you don’t have a certification yet, consider enrolling in a CSPO course from PremierAgile and training under an expert Agile Coach. It will help you greatly in your job interview!
According to Indeed, the average pay scale for a Product Owner is over $110l, with an average hourly rate of $58. The lowest salary is $59k, but it can go up to $168 depending on the applicant’s professional expertise and skillset.
So, Certified Scrum Product Owners can quickly grab high-paying job roles across different MNCs. Now, it's up to you to utilize your talent and increase your earnings with a high-paying Product Owner’s role!
Reference:
https://www.indeed.com/career/product-owner/salaries
https://www.payscale.com/research/IN/Job=Product_Owner/Salary