The industry you choose to work in can have a significant impact on your salary. Here’s a similar breakdown of average annual US base salaries, based on Glassdoor data as of December 2022: According to the PMI Salary Survey, these alternate job titles pull in the following median annual salaries: While your position might correspond to your seniority and level of experience, this is another way to look at typical salaries. You’ll find several roles in this career field. Luckily it doesn’t take long for experience to start translating into more money.Īccording to Glassdoor, project managers with one to three years of experience earn an average base salary of $74,011 in the US, while professionals with 10-14 years of experience can earn $95,696 (as of December 2022). Generally speaking, the more job experience you have, the more you can expect to earn. Read more: 12 Project Management Methodologies: Your Guide Years of experience Organizational Culture, Career Development, Strategic Thinking, Change Management, Project Management, Stakeholder Management, Business Writing, Project Charter, Project Planning, Risk Management, Task Estimation, Procurement, Quality Management, Project Execution, Coaching, Influencing, Agile Management, Problem Solving, Scrum, Effective Communication You can also get certified in project management methodologies, like Agile, Scrum, or PRINCE2, or earn an industry-specific credential, like the CompTIA Project+ for information technology (IT) project managers. While the PMP is certainly a highly-respected credential, it’s not the only one. Among the professionals in the US surveyed by Project Management Institute, the median salary for those holding a Project Management Professional (PMP) certification was $25,000 more than those without. This can sometimes translate into a higher salary. Positioning (Marketing), Marketing, Marketing Strategy, Customer Satisfaction, Financial Accounting, Accounting, Financial Statement, Balance Sheet, Decision-Making, Change Management, Human Resources (HR), Discounted Cash Flow, Corporate Finance, Cash Flow Analysis, Process Management, Operations Management, Six Sigma, Inventory, FinanceĮarning a project management certification can help validate your skills and experience to employers. By earning a business-related degree, such as a Master of Business Administration, you can build the leadership skills companies are looking for and open up the possibility of moving into executive management in the future. In addition to enhancing your earning potential, earning a higher degree might also make you more competitive in the job market. Reported salaries go up along with degree level. The majority of project managers-68 percent-have a bachelor’s degree and 14 percent hold a master's degree. EducationĪs in many industries, higher education can often yield higher pay. If you’re looking to maximize your paycheck, consider these components of the pay equation. Your cash compensation in this field ultimately depends on a variety of factors. Factors that impact project manager salary The US Bureau of Labor Statistics (BLS) reports a median US salary as of 2021 of $94,500 for project management professionals, with the bottom 10 percent earning a median of $49,750 and the top 10 percent $159,140. Let’s take a closer look at how much project managers typically make, as well as some of the factors that can influence your salary.
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