What is the average salary for a senior business analyst or a product owner at insurance companies?

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Depending on your skillet, can range from 90k upwards

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Product owners in the market nationally are about $105k. I see companies starting much lower than that but I don’t think they are real POs. We go up to about $135k for high level POs.

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In which department for a business analyst? And I’m not familiar with a product owner - could you elaborate?

I would ask for no less than 105k.

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