What does a Principal Product Owner do?

A product owner is typically an IT professional responsible for evaluating work generated by a software scrum team. During evaluations, the product owner will match and prioritize the features and functionality of the product to obtain maximum performance to the benefit of the end user. Other duties include scheduling and leading meetings to identify product issues, determining roadmaps for products and managing daily goals and schedules to achieve high performance and meet project deadlines.

A bachelor's degree is generally required to be a product owner with some companies expressing a preference to those holding a master's of business administration (MBA). Most employers require a minimum of two years of experience as a product owner in the industry with many successful candidates displaying strong managerial attributes such as excellent verbal and written communication skills with a proven track record of successfully developing excellent products within deadlines.

What responsibilities are common for Principal Product Owner jobs?
  • Supervise and advise the scrum team to meet software expectations
  • Manage the product development team to create a strong end product
  • Nurture ideas and solutions to existing customer problems
  • Communicate effectively with team members to achieve project goals
  • Extract and retrieve information and data sets to improve upon software
  • Determine roadmaps for products in the creation phase
  • Work closely with the scrum team throughout the development process
  • Schedule and lead meetings to identify issues and fixes for projects
What are the typical qualifications for Principal Product Owner jobs?
  • Master's in business administration preferred
  • Minimum 2 years experience as a product owner in the industry
  • Strong knowledge of Agile principles and process
  • In-depth understanding of industry market conditions and trends
  • Outstanding verbal and written communication skills
  • Successful track record of developing products within deadlines
  • Excellent attention to detail
  • Sharp analytical and problem-solving skills
  • Creative and innovative thinker
EducationBachelor's Degree
Work/Life Balance
3.9 ★
Total Pay--
Career Opportunity
3.8 ★
Avg. Experience5-7 years

How much does a Principal Product Owner make?

Confident
$161,203 /yr
Total Pay
$139,100
 /yr

Base Pay

+
$22,103
 /yr

Additional Pay

$161,203

 / yr
$35K$925K
Most Likely Range
Possible Range
See More Insights

Principal Product Owner Career Path

Learn how to become a Principal Product Owner, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

L5
Principal Product Owner
$161,203/yr
L6
L7
L5

Average Years of Experience

0 - 1
0%
2 - 4
32%
5 - 7
68%
8+
0%
Not including years spent in education and/or training
See Career Path

Principal Product Owner Insights

Read what Principal Product Owner professionals have to say about their job experiences and view top companies for this career.
IntechnicaIntechnica
Product Owner
Jun 28, 2021

“really open and honest about all aspects of the business and work and your role within”

Rakuten KoboRakuten Kobo
Product Owner
Dec 20, 2021

“It's a fun product and almost everyone I encounter is great to work with.”

Bank of AmericaBank of America
Tech Delivery Product Owner
Jul 29, 2021

“Career advancement is not clearly defined and you will have to find your own way.”

Baker HughesBaker Hughes
Product Owner
May 13, 2022

“It was a great experience and I attribute my career growth to the company and its many highly competent employees.”

PuzzelPuzzel
Product Owner (PO)
Jan 20, 2022

“Full empowerment and trust to perform your job role to the best of your ability.”

Daugherty Business SolutionsDaugherty Business Solutions
Product Owner
Feb 16, 2022

“3. Low attrition rate; many consultants have been with Daugherty for years and many want to retire here.”

PentalogPentalog
Product Owner
Jun 24, 2021

“Been here for a few years now and I had many opportunities to learn and grow.”

julijuli
Product Owner
Jan 20, 2022

“All remote team means that you don't get to know people in the same way”

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Principal Product Owner Interviews

Frequently asked questions about the role and responsibilities of product owners

The typical day of a product owner involves working in IT to oversee a scrum team and its outputs. These professionals are responsible for effective communication, team management, and the overall project output. They also engage in problem solving and strong attention to deadlines.

Product owners typically work in an office environment during business hours, which contributes to product owner job satisfaction. They communicate extensively with the scrum team and with other employees in the organization to ensure the final product meets the organization's needs.

When thinking of becoming a product owner, remember that these professionals shoulder considerable responsibility, whether a project goes well or could use improvement. Additionally, managing a scrum team, meeting tight deadlines, and communicating between company departments can create a stressful work environment.

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