In this section, we will explore more about the salary for Chief Product Officer. Also, find out how much a Chief Product Officer in the USA makes. As well as the factors affecting their salary.
Average Annual Salary for Chief Product Officer in America
The average salary of a CPO in the USA is $223,948 per annum which is equivalent to $109.82 per hour. The highest-paid Chief Product Officers work in the state of California and earn an average annual income of about $263,000. The lowest-paid Chief Product Officers work in Oklahoma and earn about $167,000 per year.
The average annual salary of a CPO is about $107,000 in the state of Arkansas. In the state of Massachusetts, a Chief Product Officer earns an average annual income of about $230,000 per year. In the state of Texas, a Chief Product Officer earns an average annual income of about $214,000 per year.
Highest and Lowest Paying States for Chief Product Officer
The highest paying state for a Chief Product Officer is California with an average annual salary of $263,000. It is followed by the state of Florida with an average annual salary of $246,000 and the state of Texas with an average annual salary of $214,000.
The lowest paying state is Oklahoma with an average annual salary of $167,000. Then the state of Arkansas with an average annual salary of $168,000 and the state of Louisiana with an average annual salary of $170,000.
Chief Product Officer Salaries in Major Cities
The highest paying city for a Chief Product Officer in San Francisco, California with an average annual salary of $295,000. It is followed by New York City (including Long Island and Staten Island), New York with an average annual salary of $290,000, and Sunnyvale, California with an average annual salary of $288,000.
The lowest paying city is Portland, Oregon with an average annual salary of $199,000. It is followed by Little Rock, Arkansas with an average annual salary of $200,000, and Tulsa, Oklahoma with an average annual salary of $201,000.
Factors Affecting the Salary for Chief Product Officer
Education Level
The education level of a Chief Product Officer determines their salary. The annual salary of a CPO is $187,000 if they have a Bachelor’s degree, $195,000 if they have a Master’s degree, and $212,000 if they have a Doctorate.
Work Experience
The work experience of a Chief Product Officer determines their salary. The annual salary of a CPO is $184,000 if they have 0-5 years of work experience. It increases to $198,000 if they have 5-10 years of work experience and to $213,000 if they have over 10 years of work experience.
Gender
The average annual salary of a CPO is $105,000 for females. It is higher than the salary of a male with an average annual income of $100,000 per year.
Female Chief Product Officers make more money as compared to their male counterparts as the average annual income of a female is $107,000 as compared to an average annual income of $100,000 for a male Chief Product Officer.