![]() The table below shows how average salaries for project managers vary across different websites:Īs you can see, project management jobs typically pay really well. PMI surveyed 8,967 project managers, while PayScale data is based on a larger sample of 39,686 individuals. The most likely reason for this significant variation is down to the number of participants in each survey. However, according to PayScale the average project manager’s salary is $75,484 per year. The Project Management Institute's Earning Power report states that the median salary for a project manager in the United States is $116,000 per year. Average Salary Of A Project Manager In The United States In this article we’ll discuss how much project managers earn on average, how their earnings vary in different countries and cities, what factors impact their yearly earnings, and how to become a project manager. In addition to many job opportunities, the salaries earned by project managers are usually good too. According to the Talent Gap Report from the Project Management Institute, the global economy will need 25 million new project professionals by 2030. ![]() The demand for project managers is constantly growing. Project managers work in industries like: They define the scope of the project, create a schedule, prepare a budget plan, manage the project’s team, communicate with stakeholders and document all the progress involved. These professionals are in charge of the planning and the execution of an entire project. In other words, a company will need a project manager. This professional will develop a detailed action plan, evaluate potential risks and constraints involved, will oversee teams and resources, and ultimately bring the project to a successful end. How much a project manager earns also depends on the industry they’re working in.Whether a company wants to construct a new building, create a software application, or organize a science conference it needs a professional to manage the project. PMP certified project managers earn on average 20% more than their counterparts without the certification ($111,000 with a PMP vs. If you want to deepen your project management knowledge and also boost your salary, you might want to consider getting a PMP certification. Project managers with more than 5 years can already increase their salary to $100,000. New project managers with less than 3 years of experience earn about $75,000. The more experience someone has in project management, the higher the salary. While work experience has an impact on a project manager’s salary, what’s more important is the years they have actually worked in project management. However, the growth rate of salaries is pretty steep, though it levels off with increasing work experience. People with less than 3 years of work experience can expect a significantly lower salary than someone who has 10+ years of experience ($52,000 compared to $100,000+). There is a positive correlation between the years of work experience and your salary. ![]() Project management specialists earn the least with only $65,000, while project management consultants can expect a median annual salary of $92,000. Project managers I-III earn $70,000 to $90,000 a year. A portfolio manager earns $128,000 and a program manager earns $120,000. The median salary of a director of PMO is $135,000 year. This can be explained by the fact that a director of PMO or portfolio and program manager have to manage not just one project but have to coordinate a number of very complex projects. The higher your job position, the higher your salary will be.
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