Business Support Executive/Product Owner Salary Overview
Salaries for Business Support Executives/Product Owners are influenced by factors such as years of experience, industry certifications, geographic location, and the complexity of the projects managed.
National Average: $70,000 - $130,000 per year
Experience-Based Salary Ranges
Entry Level (0-2 years)
$60,000 - $75,000
Mid Level (3-5 years)
$80,000 - $100,000
Senior Level (6-9 years)
$105,000 - $125,000
Manager/Director (10+ years)
$130,000 - $160,000+
Entry Level (0-2 years)
- Assisting in product backlog management
- Coordinating with cross-functional teams
- Supporting senior product owners in project execution
- Learning agile methodologies
Mid Level (3-5 years)
- Leading small to medium projects
- Facilitating communication between stakeholders
- Enhancing product features based on user feedback
- Managing product lifecycle
Senior Level (6-9 years)
- Driving strategic initiatives
- Overseeing end-to-end product delivery
- Mentoring junior team members
- Optimizing processes for efficiency
Manager/Director (10+ years)
- Setting product vision and strategy
- Leading large-scale projects
- Influencing company-wide decisions
- Building and managing high-performing teams
Regional Salary Variations
Geographic location significantly impacts salaries for Business Support Executives/Product Owners, with higher compensation in tech hubs and major metropolitan areas.
New York City
$80,000 - $140,000
San Francisco
$90,000 - $150,000
Chicago
$75,000 - $130,000
Los Angeles
$80,000 - $135,000
Dallas
$70,000 - $120,000
Atlanta
$70,000 - $115,000
Phoenix
$65,000 - $110,000
Remote (US-based)
$70,000 - $125,000
- Higher salaries in tech hubs due to increased living costs
- Remote roles offer competitive salaries with flexibility
- Cost of living adjustments are common
- Salary negotiations often factor in local economic conditions
Industry Salary Comparison
Salaries for Business Support Executives/Product Owners can vary significantly across industries, with tech and finance typically offering higher compensation due to the complexity and impact of products managed.
| Industry | Salary Range | Bonus/Equity | Growth Potential |
|---|---|---|---|
| Technology | $90,000 - $150,000 | High | Very Good |
| Finance | $85,000 - $140,000 | Moderate | Good |
| Healthcare | $80,000 - $130,000 | Low | Stable |
| Retail | $70,000 - $110,000 | Low | Limited |
| Manufacturing | $75,000 - $120,000 | Moderate | Stable |
Job Outlook and Career Growth
The demand for Business Support Executives/Product Owners is on the rise as organizations increasingly prioritize customer-focused product development. The role is evolving with advancements in technology and agile practices.
- Growing emphasis on digital transformation
- Increased adoption of agile methodologies
- Greater focus on customer experience and feedback
Salary Negotiation Tips
Negotiating salary as a Business Support Executive/Product Owner requires a strategic approach, understanding market trends, and articulating your unique value proposition.
Preparation Strategies
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Research Market Rates
Understand the typical salary range for your role in your region.
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Highlight Achievements
Prepare a list of your successful projects and their outcomes.
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Set a Range
Determine your desired salary range and acceptable minimum.
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Understand Company Pay Structure
Familiarize yourself with the company's compensation policies.
During Negotiation
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Communicate Value
Clearly articulate how you can contribute to the company’s success.
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Be Confident
Maintain confidence and professionalism throughout the conversation.
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Negotiate Benefits
Consider negotiating for additional benefits if salary flexibility is limited.
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Be Ready to Compromise
Have a fallback plan and be open to negotiation.
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Follow Up
Send a thank you note to reinforce your interest and professionalism.