Project Management ExperienceĮxperienced project managers tend to have an easier time commanding a higher salary. Senior project managers, meanwhile, earn an average of $104,770. December 2022 numbers have project coordinators making $53,869 and assistant project managers earning $66,683. Glassdoor also has input on how job titles can affect your salary in the project management field. What job title is at the top of the project management food chain in terms of income? Director of project management, which can earn $145,000 annually. Program managers can earn $127,100, while portfolio managers can make $140,000 per year. The PMI Salary Survey notes that a project management specialist can make $84,500, while a project management consultant can make a significantly higher salary of $120,000. Several roles in project management come with varying salaries. “Project manager” is not the sole job title you will find in this in-demand field. According to PMI’s Project Management Salary Survey, the highest-paying industries with the most lucrative base salaries are consulting ($132,500), pharmaceuticals ($130,000), information technology ($120,000), government ($115,000), healthcare ($108,319), construction ($107,659), and resources, energy, and utilities ($101,254). Pick your industry wisely, and your earning potential can be much higher. Project management positions are not limited to one industry. What can mean the difference between making $49,750 and $159,140 as a project manager? The following factors, although even more may affect your income depending on the position in question. What Factors Impact Project Manager Salary? According to the BLS, the bottom 10 percent of project managers make an average salary of $49,750, while the top 10 percent bring in an average of $159,140 per year. Bureau of Labor Statistics (BLS) placed the average PM salary at $94,500, with a much greater range in income. The Project Management Institute (PMI) says project managers tend to make anywhere from $93,000 to $140,000 per year, with the average income sitting at $116,000. As such, many companies are willing to pay big bucks to managers in charge of their projects. Read: Project Management Software for Developers What is a Project Manager’s Salary?Īccording to a PricewaterhouseCoopers report, 97 percent of companies firmly believe project management is crucial to their success. How is this importance reflected in terms of a project manager’s income? We will answer that question by revealing how much project managers make and the factors that impact their salaries. Learn More.Ĭompany leaders know that project managers are essential to an organization’s success since they can provide such benefits as increased efficiency, lower costs, and higher revenues. We may make money when you click on links to our partners. Whether you're looking to start a career in project management or simply want to improve your skills, this course is an excellent resource.Īre you ready to upskill further than Project Management? Look no further! Our professional executive management program covers every skill you need to become an accomplished expert in the management content and product recommendations are editorially independent. At the end of the course, you'll receive a certificate of completion, which will demonstrate your knowledge and skills in project management. You'll also learn how to monitor and control projects, ensuring that they stay on track and within budget. You'll learn how to plan and execute projects successfully, including budgeting, risk management, and quality control. One of the key benefits of this course is that it offers a practical, hands-on approach to project management. From there, you'll dive deeper into the components of project management, including setting objectives and managing project teams. The free course starts with an introduction to project management, explaining what a project is and the benefits of using project management techniques.
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