The product owner is a key role in agile project management, especially in software development. They are responsible for defining the product vision and strategy and for prioritizing the requirements in the product backlog. The product owner works closely with the development team and ensures that the needs of the stakeholders are incorporated into the development process.
A Product Owner in Germany can earn an average annual gross salary of about 61,000 euros to 81,500 euros. The entry-level salary is around 40,000 euros to 50,000 euros per year, depending on qualifications and work experience. With increasing experience and in certain industries such as IT, telecommunications, software development, and the automotive industry, Product Owners can earn up to 120,000 euros per year.
Salaries vary according to region and company. In cities like Munich and Stuttgart, salaries tend to be higher. The highest salaries are paid in the automotive industry, where Product Owners can earn up to 90,000 euros per year.
For a career as a product owner, a university degree in a relevant field such as business administration, computer science or a related field is usually required. Additional certificates in agile project management, such as Scrum Master or Product Owner, are an advantage. Practical experience in software development or product management is also appreciated.
There are many career opportunities in the role of Product Owner. You can develop into a Senior Product Owner or Product Manager. There is also the opportunity to take on management positions in product management or move into related areas such as marketing or sales. With sufficient experience, you can also work as a consultant in product and project management.
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