Product Manager VS Product Owner’s Differences In Responsibilities, Hierarchy, and Salary

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  • Опубліковано 21 лип 2024
  • product manager vs product owner’s differences in responsibilities, hierarchy, and salary.
    You must have seen job openings for product owners and product managers. But you are pretty confused. Is a product owner the same as a product manager? Does the product manager has the same responsibilities as the product manager?
    Recently a lot of my students got offers as both product owners and product manager.
    So, I will compare these two roles in terms of hierarchy, responsibilities and salary differences.
    Good luck with your PM or PO job offers!
    1:27 Hierarchy
    3:26 Product Manager and Product Owner Responsibilities
    7:07 Salary differences
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  • Навчання та стиль

КОМЕНТАРІ • 40

  • @DrNancyLi
    @DrNancyLi  2 роки тому +1

    🌟 My Free masterclass "How I got 4 Product Manager offers without applying online" would be very helpful for those of you wanting to become a product manager and landing interviews effectively. Register and find more information about it here: www.drnancyli.com/masterclass

  • @wangtianyuan
    @wangtianyuan 2 роки тому +2

    Very clear video. I have been looking for this info for a few days, this is the most rubbish-free video one. Thank you!

  • @robinm.835
    @robinm.835 Рік тому +13

    I´m sorry but the background music is way too loud... sadly wasn´t able to focus on the content :/

    • @yuqinding
      @yuqinding 21 день тому

      Agreed the background is too loud and noisy. I could not focus and then had to leave.

  • @dantranblay
    @dantranblay Рік тому +9

    As a PO I do most of what the PMs do I feel the role are more and more interchangeable, salary is pretty much the same here in Canada

    • @Abc20205
      @Abc20205 8 місяців тому

      Hi, May I know what is the PO salary in Canada and in Netherlands (if you know by any chance)

    • @dantranblay
      @dantranblay 8 місяців тому

      @@Abc20205 varies between 80,000 to 120,000 in Canada more or less

  • @un90210
    @un90210 Рік тому +3

    The background music makes really really hard to understand what you are saying.

  • @jacquit.693
    @jacquit.693 2 роки тому

    Great video!

  • @vm18costa
    @vm18costa 2 роки тому

    Awesome video!ty

  • @valeriodeprosperi4512
    @valeriodeprosperi4512 2 роки тому

    Great video very helpful👍

  • @svetanzrus
    @svetanzrus 2 роки тому +1

    Sometimes there's a PM and PO for the same product. How would the sharing of the prioritization of the backlog work?

    • @DrNancyLi
      @DrNancyLi  2 роки тому +5

      Hi Lana, PO will lead the prioritization of the backlog which is engineering-focused stories. PM can give high-level feature prioritization when work with PO to break it down to engineering-facing user stories. Does it help?

  • @nishantthaccker1173
    @nishantthaccker1173 9 місяців тому

    You mentioned the Agile golden triangle (Scrum master, PO & Dev.). Is there no place for a Business Analyst on Agile teams ? Is PO going to be the one writing user stories etc. entirely if there is no BA ?

    • @DrNancyLi
      @DrNancyLi  9 місяців тому

      In the formal agile team, there is no BA and P.O. writes requirements. However a lot of BA already wrote requirements and can be considered as PM functions. That’s a perfect role to transition to PM.

  • @JedBreed
    @JedBreed 2 роки тому

    Ah I thought product owner was higher level than product manager. Thanks for clarifying!

    • @DrNancyLi
      @DrNancyLi  2 роки тому

      Yep! I thought the same when I started my PM career 5 years ago.

  • @CBKongJunHao
    @CBKongJunHao 7 місяців тому

    Hi dr nancy, may i know the current rate of a entry level PO? hw much will be paid? and what are the skillset/certifiacte that needed to increase my value in this role? any recommendation on this?

    • @DrNancyLi
      @DrNancyLi  7 місяців тому

      $100k/year for nonFAANG company

    • @DrNancyLi
      @DrNancyLi  7 місяців тому

      See all the 6 skills here 6 Essential Skills to Become a Product Manager FAST!
      ua-cam.com/video/M-OU_ImlQPw/v-deo.html

  • @manjunathams8865
    @manjunathams8865 6 місяців тому

    Nice video. I have a question. I have been working as senior consultant in IT space. I have handled roles and responsibilities of business analyst, part time product owner. Now I have earned my PMP too. So which career path should I choose? Product owner or Product Manager? In India, it is very hard to find associate level product manager role. Please guide me! Thank you.

    • @DrNancyLi
      @DrNancyLi  6 місяців тому

      Go for product manager

  • @tigerrx7
    @tigerrx7 2 роки тому +1

    My job title says Sr Product Manager but they call me product owner internally lol smh

    • @DrNancyLi
      @DrNancyLi  2 роки тому +1

      Different company has different culture

  • @novanoskillz4151
    @novanoskillz4151 2 місяці тому

    i cant hear you over the music

    • @DrNancyLi
      @DrNancyLi  2 місяці тому

      So sorry about that and thank you for your feedback. We continuously working on improving our contents over the years. You can DM me directly on LinkedIn so I can assist you further. My LinkedIn should be in every video description of my channel. Thank you!

  • @akramalhaddad3718
    @akramalhaddad3718 2 місяці тому

    nice video but the music is too loud

    • @DrNancyLi
      @DrNancyLi  2 місяці тому

      Thank you for sharing your feedback with me, I truly appreciate it. By the way, I would like to invite you to check out my latest video, where I talk about how someone with an arts background can transition to product management. Feel free to check it out here: ua-cam.com/video/xMvXHET6YSk/v-deo.html
      Also, I wanted to take a moment to thank you for your ongoing support of my channel. If you happen to know any aspiring PMs who might benefit from my content, please don't hesitate to forward it along to them. I'm always looking to help others succeed in their careers.

  • @user-gz1my9rd7w
    @user-gz1my9rd7w 4 місяці тому

    the music is high (((

    • @DrNancyLi
      @DrNancyLi  3 місяці тому

      Thank you for the feedback.

  • @mr.tvorch
    @mr.tvorch 3 місяці тому

    Bad microfon and loud bg music.

    • @DrNancyLi
      @DrNancyLi  2 місяці тому

      Thank you for sharing your feedback with me, I truly appreciate it. By the way, I would like to invite you to check out my latest video, where I talk about how someone with an arts background can transition to product management. Feel free to check it out here: ua-cam.com/video/xMvXHET6YSk/v-deo.html
      Also, I wanted to take a moment to thank you for your ongoing support of my channel. If you happen to know any aspiring PMs who might benefit from my content, please don't hesitate to forward it along to them. I'm always looking to help others succeed in their careers.

  • @RS-qj5xv
    @RS-qj5xv 2 роки тому +1

    You
    Should stop with silly things you Do,like u r trying to
    Impress kindergartners. Respect
    Adults who
    Come here to learn from you and cut the silly act. No body needs that. Then may be u can get people to watch ur video without fringing

    • @ssissigui8846
      @ssissigui8846 2 роки тому +4

      You could also give feedback without being an a**hole. Just saying 🤷🏾‍♀️

    • @kenzoebong4180
      @kenzoebong4180 Рік тому +5

      Lol it’s called being entertaining jeez she’s not putting out content for robots

    • @GregoryChusom
      @GregoryChusom 3 місяці тому

      you are depressing, go and make your own video and upload it to youtube if you have the confidence to even show your face

  • @svetanzrus
    @svetanzrus 2 роки тому +1

    Sometimes there's a PM and PO for the same product. How would the sharing of the prioritization of the backlog work?

    • @DrNancyLi
      @DrNancyLi  2 роки тому +2

      Hi Lana, PO will lead the prioritization of the backlog which is engineering-focused stories. PM can give high-level feature prioritization when work with PO to break it down to engineering-facing user stories. Does it help?