Product Owner jobs are on the rise and it is one of the irreplaceable skills that candidates acquire. In the prevailing world of Scrum, product owners need to have expertise in Agile and Scrum frameworks to lead teams and increase business value. The Certified Scrum Product Owner Certification (CSPO) comes to aid you in actively growing your skills and agile career far beyond.
Irrespective of the value it brings to your career, one thing that aspirants always want to know is the Certified Scrum Product Owner training certification worth investing the money in and how much it will cost you. To explore the CSPO certification cost and its salary trend, scroll below.
Certified Scrum Product Owner (CSPO) Certification
The Certified Scrum Product Owner (CSPO) certification, provided by Scrum Alliance, endorses and validates your Scrum expertise while allowing you to take the Product Owner roles skillfully, as you lead successful projects and ensure the smooth delivery of marketable products.
The CSPO course will help you take your agile team to new heights, allowing you to gain skills to deliver high-value releases and increase ROI through an immersive and inclusive hands-on experience. Moreover, you will also learn the principles, framework, and values that make Scrum work in addition to the skills you need to be effective.
Who Should Take the CSPO Certification Training?
Anyone who wants to become acquainted with the business side of a project can earn a Certified Scrum Product Owner course. Moreover, if you’re at the below job roles, you should definitely give it a try.
- Product Owners
- Business Analysts
- Project Managers
- Team Members
- Data Analyst
Are there any Prerequisites to Get the CSPO Certification?
There are no prerequisites to enroll in the Certified Scrum Product Owner (CSPO) course. However, having a good knowledge and grasp of Scrum basics will prove effective in understanding the Product Owners at an enterprise level. If you have a CSM certification, CSPO certification should be your next step.
Why Should Anyone Take the CSPO Certification?
Today’s competitive job market is full-grown with immense opportunities for Product owners. Moreover, 90% of modern teams are using Scrum which has given rise to Certified Scrum Product Owners. As a CSPO, you can manage an agile team efficiently, ensuring early ROI while enhancing business value. The course provides additional benefits to individuals and organizations as well.
Individual Benefits: The CSPO certification can help influential scrum professionals in the following way: broaden the scope and opportunities of your Product Owner career with up-to-date knowledge of popular and latest Agile practices. You can pile up the in-demand Scrum skills and demonstrate your competencies in Scrum. You can create a marketable product by leading and implementing Scrum in the team. Moreover, you can also actively engage with the community of Agile practitioners or Scrum Product Owners for continuous improvement.
Organizational Benefits: As the world is going Agile, most organizations are hiring professionals who are knowledgeable in Agile and Scrum frameworks. So, aspirants having certification from a globally accredited organization such as Scrum Alliance are preferred. As a CSPO, you will learn how to juggle various stakeholders’ needs, define the product vision, and bring the utmost business value. You will become efficient in managing an Agile team and directing team members to yield high value at the end. Moreover, you will spread the adoption of Scrum, helping others to develop an agile mindset and delivering high-quality products.
Read more: PSPO vs CSPO
Certified Scrum Product Owner Cost: How Much Does It Take to Get CSPO in Year 2024
As you’re familiar with, to earn the CSPO certification you have to undergo a 16-hour in-person training provided by the Certified Scrum Trainer (CST). So, one thing is clear the cost of the CSPO certification depends on the location and authorized trainer provider. There is no defined cost as it varies from country to country.
CSPO Certification Cost Breakdown
CSPO certification costs head up into classroom training and renewal fees. Below are the training costs across different countries.
|Country||Classroom Training Cost|
|United Kingdom||800-1,000 GBP|
CSPO Certification Renewal Cost
The certification is valid for two years. To renew this certification, the Product owner has to earn 20 Scrum Education Units (SEUs) and pay $100.
Salary Trends of CSPO Certification Across Different Facets in the Present-day
Product Owner jobs are increasing evidently. With its significant increase in demand, LinkedIn named it the #15 emerging jobs, with 24% annual growth. However, to land a job, you must have the required skills and CSPO help you gain such insights. Apart from the various opportunities, Certified Scrum Product Owner also confirms you get higher salaries. Let’s dig deep and explore the salary trends across different parameters.
a) CSPO Salary By Top Job Roles
According to PayScale, the average salary for the Certified Scrum Product Owner is $114,000. However, the salary for different job roles ranges from $76,005 to $179,944.
|Product Manager, Software||$107,023|
|Senior Product Manager||$134,033|
|Certified Scrum Master||$108,266|
|Senior Business Analyst||$101,451|
|VP, Product Management||$179,944|
b) CSPO Salary By Experience
Experience is one of the prominent factors that influence salary hikes. Even if you’re in a basic job role, you will get salaries higher than others.
|Experience (In Years)||Salary|
|Less than 1||$65,000 - $75,000|
|1-4||$76,000 - $90,000|
|5-9||$91,000 - $104,000|
|10-19||$104,000 - $108,000|
c) CSPO Salary By Location
Another important factor that influences salary is location. Different cities in the United States offer different salaries for the same job role.
|City (In United States)||Salary|
|San Buenaventura, CA||$125,406|
|Santa Cruz, CA||$100,456|
|Barnstable Town, MA||$95,234|
d) CSPO Salary By Top Companies
|Booz, Allen, and Hamilton||$104,717|
|Capital One Financial Corp||$123,299|
|American Express Co. (AMEX)||$102,439|
Frequently Asked Question
Yes, this certification is worthwhile for the Product Owner. As a CSPO you will decide what the team will create, ordering the work to ensure that the most valuable product reaches customers at a regular pace. You can also learn to implement the Scrum framework to Agile time for the delivery of marketable products. In addition, you will get surplus opportunities with many lucrative benefits with the Certified Scrum Product Owner Certification.
You must have gone through some steps in order to get the designation of CSPO.
Step 1: Find an appropriate class and learn in lively interactive sessions by CSTs
Step 2: Study with the Scrum-Alliance Approved syllabus. Initiate with the Scrum basics and roles and responsibilities, and go on to product vision, estimation, product backlog, prioritization, release management, and sprints.
Step 3: Practice what you learn with Case studies, Role-plays, and Scrum activities.
Step 4: Once you complete the course, the authorized Certified Scrum Trainer (CST) will update your details on the Scrum Alliance website. After you log in to your Scrum Alliance account, you can accept your CSPO license.
The CSPO cost varies on location and the training provider (CST). Read out the blog to find out the cost across different countries.
Yes- the certification does expire but after two years. Once you have earned your CSPO certification, you need to keep it active as the CSPO certification has a validity of 2 years. You must review it before it gets lapsed.