Chief Product Team 
How much is the Chief Product Officer’s average salary? To know more about these, just keep on reading the article until the end.
Overview
The Chief Product Officer or CPO is a very prestigious position in the business world. Some so many people aspire to be a CPO just because of the perks, salary, and other benefits that come along with it.
How Much Is the Chief Product Officer’s Average Salary?
As of 2010, the median pay for Chief Product Officers is $127,000 annually in the United States. On the other hand, Chief Customer Officers earn a median salary of $104,000 annually. While there is no specific figure as to what the Chief Product Officer salary is, there are many factors that affect this.
Chief Product Officer’s Average Salary – Affecting Factors
Below is a list of factors that may affect the Chief Product Officer salary:
1. Type of Position
If you are a Chief Product Officer who is working at a small company, then you can expect to have a much lower salary compared to one who works at a larger company. Also if you are still new in your company and not yet fully established then you can also expect to have lower pay compared to one who has been working in the same company for quite some time already.
2. Region
There are certain states in the United States where it is more expensive to live than others. If you’re working as a Chief Product Officer in an expensive state such as California then your salary will be higher than if you’re working in other states like Kentucky or Arkansas.
3. Industry
If you’re working as a Chief Product Officer in an industry that is not as profitable as other industries such as technology or construction then your salary will also be lower than expected. Some industries pay their workers based on how much their product sells such as the airline industry. If their product has sold more then they can earn more. If their product has sold less then they can earn less too.
4. Company Size
Company size will also affect the Chief Product Officer’s salary because bigger companies generally pay more compared to smaller ones because they have more money in their pockets and can afford to pay more for their employees’ services and products. This does not mean that all big companies pay better; it just means that there’s higher competition between big companies when it comes to attracting good employees and paying them competitive salaries so that they would stay with them for longer periods and work harder for them.
5. Years of Experience
Years of experience also play a vital role when it comes to determining the amount of money that you will earn as a Chief Product Officer because the longer you have been working, the more valuable your services are to your company and vice versa; hence, increasing your pay.
As you can see, many factors affect the Chief Product Officer’s salary. To know more about the factors that can affect your salary as a Chief Product Officer, you may view the table below:
Chief Product Officer Average Salary By State
How much is the Chief Product Officer’s average salary by the state? Below is a list of states with the highest and lowest average salaries for this job:
The Highest Paying States for This Job
- California $149,000
- Texas $139,000
- New York $128,000
- Illinois $126,000
- Ohio $123,000
The Lowest Paying States for This Job
- Idaho $69,000
- West Virginia $72,000
- Kentucky $72,000
- Arkansas $73,000
- North Dakota $74,000
