Product Owner Salary at Lumis BETA
How much does a Lumis Product Owner make?
As of April 2025, the average annual salary for a Product Owner at Lumis is $130,662, which translates to approximately $63 per hour. Salaries for Product Owner at Lumis typically range from $120,137 to $141,728, reflecting the diverse roles within the company.
It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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What Skills Does a person Need at Lumis?
At Lumis, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
- Agile: Agile is a development process where feedback is continuously gathered from users to create the best user experience.
- Scrum: Using an agile process for managing the lifecycle development of software products.
- User Stories: In software development and product management, a user story is an informal, natural language description of one or more features of a software system. User stories are often written from the perspective of an end user or user of a system. They are often recorded on index cards, on Post-it notes, or in project management software. Depending on the project, user stories may be written by various stakeholders including clients, users, managers or development team members. User stories are a type of boundary object. They facilitate sensemaking and communication; that is, they help software teams organize their understanding of the system and its context. User stories are often confused with system requirements. A requirement is a formal description of need; a user story is an informal description of a feature.
- Product Management: Product management is an organisational lifecycle function within a company dealing with the planning, forecasting, and production, or marketing of a product or products at all stages of the product lifecycle. Similarly, product lifecycle management (PLM) integrates people, data, processes and business systems. It provides product information for companies and their extended supply chain enterprise. The role may consist of product development and product marketing, which are different (yet complementary) efforts, with the objective of maximizing sales revenues, market share, and profit margins. Product management also involves elimination decisions. Product elimination begins with the identification of elimination candidates, proceeds with the consideration of remedial actions, continues with a projection of the impact on the business as a whole if a candidate product is eventually eliminated, and concludes with the implementation stage, where management determines the elimination strategy for an item. The product manager is often responsible for analyzing market conditions and defining features or functions of a product and for overseeing the production of the product. The role of product management spans many activities from strategic to tactical and varies based on the organizational structure of the company. To maximize the impact and benefits to an organization, Product management must be an independent function separate on its own.
- Team Development: Building and developing effective teams to achieve a common goal or to complete a task in the most effective and efficient way.
Related Jobs
Check more jobs information at Lumis
| Job Title | Average Lumis Salary | Hourly Rate | |
|---|---|---|---|
| 2 | Co-Founder | $763,925 | $367 |
| 3 | Inside Sales | $49,450 | $24 |
| 4 | The IT Department Head | $184,531 | $89 |
| 5 | Chief Executive Officer | $763,925 | $367 |
| 6 | Head of Sales | $180,933 | $87 |
| 7 | Information Technology Intern | $75,269 | $36 |
| 8 | Acquisitions Specialist | $71,643 | $34 |
| 9 | Frontend Developer | $97,447 | $47 |
| 10 | Marketing Associate | $43,267 | $21 |
| 11 | Trainee | $76,507 | $37 |
| 12 | Embedded Engineer | $73,537 | $35 |
Hourly Pay at Lumis
FAQ about Salary and Jobs at Lumis
The average hourly pay is $63. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
According to the data, the highest approximate salary is about $141,728 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
According to the data, the lowest estimated salary is about $120,137 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.