Afterward, if you’re interested in building your project management skills, consider enrolling in the Microsoft Project Management Professional Certificate. In this program, you’ll gain knowledge of project management terminology, methodologies, and best practices and learn to apply them effectively in real-world scenarios. The experience of the candidate will have some impact on the salary of the project manager.
Project Management Manager Salaries by Degree Level
- It’s no secret that years of experience or an advanced degree can help you boost your salary no matter what career path you follow.
- An entry-level Project Management Manager with less than 1 year of experience earns about $138,057.
- Another project management specialization is in the construction field.
- Responds to escalated project issues that may impede project delivery and coordinates solutions.
- Project manager salaries typically range between $64,000 and $129,000 yearly.
- Another data point that someone thinking about a career path should consider is whether or not jobs are expected to see growth in the future.
PMs are highly detail-oriented individuals with stringent standards of quality. As a project manager, you need to keep track of the most important details and monitor every aspect of the work—from project timelines to completion of individual tasks. Losing track of key deadlines, for example, could result in extreme project delays that may be considered unacceptable in the eyes of key project stakeholders. As a project manager, not only will you need to communicate with your team members to monitor productivity and address any issues that may arise, but you also need to maintain contact with key stakeholders.
Certifications to Get
For example, PMI Salary Survey participants who use Extreme Project Management techniques tended to earn more than those who used Agile, Lean, and Waterfall techniques 5. When thinking about location, it’s important to consider the cost of living. The areas that correspond to the highest pay—often major cities—tend to have higher living expenses. Data from the job posting site ZipRecruiter indicates that project management jobs in the San Francisco Bay, Boston, and New York City areas tend to have the highest annual salaries. Earning a higher degree can lead to higher salaries and make you more competitive in the job market.
Where can a Project Manager I earn the most?
Your project management salary can also increase depending on your area of specialization within the discipline. For example, you may choose to specialize and become a program manager or portfolio manager. Learn what you need to know, from in-demand skills to the industry’s growing job opportunities.
- Architectural project management is the one area where the job market is below average.
- In project management, the certification you’ve earned and the size of the project or product you’re tackling can make a difference in your paycheck.
- To build a better understanding of how much money project managers and related positions can expect to make in the United States, it can be helpful to look at the full range of compensation for those jobs.
- In some cases, this might be as simple as obtaining an advanced certification or degree in the field.
- Project managers earn an average salary of $101,610, with specialized branches like IT, construction, and architecture offering varying salary ranges.
While there are project managers working in a wide range of fields, these are among the highest paying, according to the PMI Salary Survey 5. Beyond general project manager roles, there are often opportunities to oversee the project managemenat needs of a company’s more technical areas, such as an IT project manager. In that case, you will often need to know the fundamentals of project management along with specialized technical knowledge. As in many industries, higher education can often yield higher pay.
The job outlook for construction project managers is comparable to the other branches of project management. Employment of construction project managers is expected to grow by 8% by 2030— which is faster Project Manager job than in other areas. You probably came to this article looking for the average project manager salary or the most common project manager salary. Although we plan to cover these average base salary stats, we’ll first look at alternate job titles and specialties that can increase average total compensation. Each job title available to you after receiving a project management certification comes with a different set of upsides. According to the Bureau of Labor Statistics, the average project manager salary comes in at $101,610.
What’s the Job Growth for Project Managers?
Salaries for architectural project managers are fairly similar to construction management. This is likely due to the large amount of overlap between the two fields. Zip Recruiter currently reports architectural project managers’ average annual project manager salaries as 90k a year. Entry-level project managers can expect a national average salary of $64,580, while senior project managers earn over $100,000 per year. Obtaining a PMP certification and gaining experience can help boost project manager salaries.
In some cases, this might be as simple as obtaining an advanced certification or degree in the field. Other times, you may be required to start with an entry-level role and climb your way up the ranks. Project management is a wide field that includes roles in multiple industries. The average project manager salary has risen by $11,274 over Computer programming the last ten years. In 2014, the average project manager earned $80,304 annually, but today, they earn $91,578 a year. That works out to a 8% change in pay for project managers over the last decade.
Job Openings of Project Management Manager
In addition to education, project managers often start their careers in roles like project coordinator, junior project manager, or assistant project manager. A similar analysis of job postings provides insight into advertised hourly salary for project managers. Based on 37% of postings with advertised compensation, the median hourly salary for open positions for project managers in the United States is about $49. Although this yearly salary might be a little lower than the base salary in other project manager-reported sectors, this is an area where more opportunities can be found. Average additional cash compensation on project tasks can mean more money for construction-based project management professionals.
