In the ever-evolving landscape of product development and project management, organisations are increasingly recognizing the significance of Certified Scrum Product Owners (CSPO®) in driving successful outcomes. As we step into 2023, the demand for skilled CSPOs is at an all-time high, prompting professionals to ponder whether obtaining this esteemed certification can genuinely lead to a salary boost.
In this blog, we delve into the key factors that contribute to the value of a CSPO certification in the job market and explore how it can potentially elevate your earning potential. Join us on this journey of uncovering the impact of CSPO certification on salaries in 2023, providing valuable insights for product owners and aspiring agile professionals alike. Let’s explore the possibilities that lie ahead with CSPO certification!
What is a Certified Scrum Product Owner ?
The Certified Scrum Product Owner certification is offered by the Scrum Alliance and requires an individual to successfully complete a certification course. The Certified Scrum Product Owner (CSPO) course will give you the knowledge you need to understand the principles of product ownership, including agile principles, product management techniques, customer relations management, and other topics. As a Certified Scrum Product Owner (CSPO), you will be equipped with the skills necessary to become an invaluable asset for most tech companies. Ultimately, obtaining your Certified Scrum Product Owner certification will open up innumerable possibilities for individuals looking to make their mark in the world of product ownership.
Steps For Certified Scrum Product Owner (CSPO) Certification:
Step 1: Register for a Certified Scrum Product Owner® course on Skillier.
Step 2: Take the 2-day CSPO course and get instructed by our training partners who are the best, accredited and highly reputable, Scrum Alliance Certified Scrum Trainers® (CSTs).
Step 3: Scrum Alliance will send you a link to create your profile and accept the License Agreement on successful completion of the course. Note that there is currently not a test for the CSPO certification
Step 4: Click on the link received from Scrum Alliance and create your own profile and accept the licence agreement.
Step 5: After accepting it, you will receive the CSPO® designation & a 2-year membership from Scrum Alliance.
What are the benefits of getting a CSPO certification?
Obtaining a Certified Scrum Product Owner (CSPO®) certification offers numerous benefits, empowering professionals to excel in the realm of product development and project management. Here are some key advantages of getting a CSPO certification:
- Enhanced Marketability: CSPO certification is widely recognized and respected in the industry, making certified professionals highly sought after by employers. Having the CSPO designation on your resume instantly increases your marketability and demonstrates your commitment to mastering agile product ownership.
- In-depth Understanding of Product Ownership: CSPO training provides a comprehensive understanding of the Scrum framework and the role of a Product Owner. Through interactive workshops and real-world examples, you gain insights into effective product backlog management, prioritisation techniques, and collaborating with stakeholders.
- Effective Product Development: With CSPO certification, you acquire the skills to translate customer needs into valuable products. As a Certified Scrum Product Owner, you are equipped to define clear product vision, refine requirements, and deliver valuable features to the market faster.
- Increased Product Value and Customer Satisfaction: As a CSPO, you focus on maximising the value of the product, leading to higher customer satisfaction. By delivering valuable features early and iterating based on feedback, you can adapt to changing market demands and exceed customer expectations.
- Continuous Improvement: CSPO training emphasises the importance of continuous improvement. As a Certified Scrum Product Owner, you embrace feedback and seek opportunities to optimise product delivery processes, ensuring continuous value delivery to customers.
- Global Recognition: The CSPO certification is globally recognized, providing you with opportunities to work in diverse industries and regions across the world. This opens doors to exciting career prospects and international work opportunities.
- Networking and Community: CSPO certification connects you with a vast network of agile professionals and a thriving community of Scrum experts. Engaging with this community allows you to exchange knowledge, share experiences, and stay updated with industry trends.
How does Certified Scrum Product Owner certification affect your salary?
The decision to pursue Certified Scrum Product Owner certification is a prudent one, considering the immense value it adds to professionals. In terms of financial benefits, CSPO certification can potentially boost your salary in 2023. According to Glassdoor (as of February 2021), a Certified Scrum Product Owner earns an average annual salary of around £50K in the United Kingdom. With this certification, you can aim for higher compensation, depending on your experience and skill set.
Moreover, professionals with CSPO certification have a greater chance of landing jobs in the tech industry. Companies are increasingly recognizing the importance of product ownership and demand for skilled product owners is growing at an unprecedented level. Obtaining a Certified Scrum Product Owner certification will give you the competitive edge to stay ahead of the curve and stand out from other job applicants.
The average salaries of individuals with CSPO certifications depend upon the country they are working in. Through several studies and surveys, the average salaries of CSPO certified individuals in different countries are estimated. The salaries offered to CSPO professionals are extremely competitive and the average is greater than the normal salary average found in these countries. Following is a list of some countries mentioning the average salaries of CSPO certified individuals:
- United Kingdom: GBP 48,000 – GBP 68,500 per annum
- United States of America: USD 86,000 – USD 130,000 per annum
- India: INR 996,000 – INR 2,500,000 per annum
- Australia: AUD 80,000 – AUD 192,503 per annum
- Canada: CAD 76,000 – CAD 129,000 per annum
Your salary will also depend upon your designation and the level of your qualification. As expected, individuals with more industry experience and advanced academic credentials fetch higher pay. It is a known fact that as fresh graduates just starting in the workforce, we may not yet receive a salary that is as competitive as our more experienced counterparts. However, this should not discourage us as we progress through our careers. As we acquire new skills and knowledge, our salaries also tend to rise, enabling us to achieve our financial goals and enjoy the fruits of our labour. Therefore, it is crucial to invest in continuous learning and development to stay relevant and valuable in our field.
Obtaining a Certified Scrum Product Owner (CSPO®) certification is an excellent way to demonstrate your commitment to product ownership and project management. This certification brings numerous benefits, from enhanced marketability and global recognition to improved customer satisfaction and career prospects. On top of that, CSPO certified professionals can expect a competitive salary depending on their experience & skill set. Therefore, if you are looking to advance your career and become an agile product owner, then getting CSPO certified is a great way to start.
Remember, every journey starts with a single step, and by taking these steps, you can pave the way towards a successful career as a product owner. Stay committed, be proactive, and embrace the exciting possibilities that lie ahead in your pursuit of becoming a product owner. CSPO certification demonstrates that an individual has the knowledge and skills necessary to be successful in this role. If you are interested in becoming a Scrum Product Owner, this certification is a great way to show that you have what it takes to be successful. Check out Skillier’s course on certified scrum product owner today.