Believe it or not, project management lies at the heart of most daily operations. All of us are using the project management principles one way or the other without knowing it. Whether you are at home or work, you are responsible for organizing things and completing a specific task or project. It is the job of a project manager to organize a team, develop different team plans. With that, a project manager also has to facilitate project execution to achieve a company’s goals. Thus, the project manager is a very important part of any organization whether big or small. If you want to become a Project Manager then PMP Certified is very helped fully for this post. In this article, we will discuss Project Manager Salary Statistics & trends.
- Project Manager Salary Trends
- Average Project Manager Salary (based on various factors)
- Highest Paying Companies
- Project Manager Salary by Location
- Factors that can help increase your salary as a project manager
- Must have Courses for Project Manager Skills Improvement
- Final Thoughts
Project Manager Salary Trends:
As we have just mentioned above that the project manager is a very important part of any organization. And that is why the demand for project managers in every sector exists. And as far as the salary of a project manager is concerned, it has been found out that the median earned income of managers in the US is around $116,000. But we can’t say that this figure is 100% accurate as the figure depends on a variety of factors. These are the manager’s company, the company’s industry, and of course the education and experience level of the project manager.
With that, according to the project management institute (PMI), the salary of a project manager ranges anywhere from $55,000 to $175,000.
Similarly, the majority of the entry-level and mid-level managers tend to earn between $65,000 and $91,000 annually.
Average Project Manager Salary (based on different factors):
Checkout the average Project Manager salary based on various factors including company size, years of experience, gender and different industries.
Similarly, in this above graph, the people who have the title of project manager tend to make the most at companies with 1-10 employees in Los Angeles United States.
Years of Experience:
Below is the graph showing salary based on years of experience.
From the table above you can see that the average project manager salary for women is $96,532. With that, the average project manager salary for men is $104,428.
Here you can see clearly that the average salary for a manager who has 7+ years of experience is $113,173. Also, the average salary for a Project Manager having greater than 1 year of experience is $55,000. This shows that the salary range depends on the experience you have. The more experience you have, the more you tend to earn.
Want to find out who earns more as a project manager? Men or women? Well this below graph will tell you.
From the table above you can see that the average project manager salary for women is $96,532. With that, the average salary for men is $104,428.
IT Project Manager Salary:
All the project managers in Information Technology are given tasks which include planning certain types of projects present within the company. It is a project manager’s job to ensure that all the tasks are executed properly and everything is on track. This job may require daily evaluations of employees and also regular motivation to achieve the given goals.
The minimum salary of the IT project manager in the US is $57,000, the median salary is $88,980 and the maximum salary is $128,000.
Construction Project Manager Salary:
A construction project manager has to oversee all the building projects within his company. But know that much of the work in this job is administrative. With that, some duties of this job include estimating and carrying out quality control. Similarly, a construction project manager has to create employees schedule and project completion schedules. Other work includes reviewing designs and creating proposals.
The minimum salary of a construction project manager in the US is $49,000. The median salary is $75,000 and the maximum salary is $119,000.
Architectural Project Manager Salary:
An architectural project manager has to do different tasks. It includes planning, procurement, and execution of a project in any undertaking. He is in charge of managing all the aspects of the project which also involves facilitating different tasks and offering technical advice for architecture concepts.
The minimum salary of an architectural project manager in the US is $51,000. The median salary is $78,000 and the maximum salary is $111,000.
Marketing Project Manager Salaries:
The job of a marketing project manager is to keep projects running smoothly. It is their responsibility to make sure everything is free of as many complications as possible and on time. Similarly, a marketing project manager has to oversee the conception of an idea from all the way up to its execution and follow-up.
The minimum salary of a marketing project manager in the US is $42,000. Similarly, the median and maximum salaries are $63,000 and $94,000 respectively.
Clinical Project Manager Salary:
A clinical project manager has to conduct and supervise different clinical trials. It is his job to manage a group of clinical professionals during the trial phases and also create progress reports based on his team’s findings. Similarly, a clinical project manager has to develop schedules for the staff to complete their tasks. In addition, he also provides assistance as required by the team.
The minimum salary is around $61,000 whereas the median and maximum salaries of a clinical project manager are $92,000 and $133,000 respectively.
Engineering Project Manager Salary:
All the project managers in engineering have a job to lead direct specialized engineers who are given specific projects. To be able to perform well, project managers need to have strong communication skills and the ability to think quickly to resolve problems in real-time. The duties of the engineering project managers are to ensure conformity to safety regulations. Similarly, to prepare cost proposals and also maintain financial records for the projects.
The minimum salary of an engineering project manager in the US has been found out to be $64,000. With that, the median salary is around $94,000. And lastly, the maximum salary is around $136,000.
According to PMI – Project Management Institute, we were able to dig out the below industry wise data about project manager salaries.
|Agriculture and Mining||$134,577|
|Food and beverage||$124,559|
Highest Paying Companies:
Some of the highest paying companies according to indeed.com in this sector include the following.
- American Airlines
- General Dynamics Information Technology
Location-Based Project Manager Salary:
Average Project Manager Salary for different roles in Los Angeles, United States are:
|Job Title||Average Salary|
|Senior project manager||$144,452|
|Technical project manager||$115,810|
The average base pay of a project manager in Los Angeles has been found out to be $101,877.
The minimum salary here is around $55,000, while the maximum salary is expected to be around $200,000.
In the above image, the two most common salary ranges in Los Angeles are $80k-$90k and $100k-$110k.
Other Major Locations in United States:
Do you want to know which of the cities in the US are among the highest paying cities for project managers? The below table depicts the names of the cities and the salary of project managers.
|Cities (United States)||Average Salary|
|New York, NY||$88,740|
|San Diego, CA||$95,042|
As you can see from the above table, these cities are considered to be the highest paying cities in the US for project managers.
Project Manager Salary Worldwide:
Now we are going to talk about the salaries of project managers in different countries of the world.
|United States of America||$116,000|
As you can see above that no country has the same salary figure. And the highest salary of a project manager is in Switzerland.
Factors that can help increase your salary as a Project Manager:
A variety of factors play part in increasing your pay as a project manager. Some of them are mentioned below.
Your earnings can increase as a project manager depending on your area of specialization. That is, the type of role you choose as a project manager would decide your wages.
1. Project Managers:
If you are just a project manager, then your average annual earned income would be $91,245.
2. Program Managers:
Program managers make an average salary of $127,517.
3. Portfolio Managers:
Portfolio managers earn an average salary of $140,780.
Factors that can help increase your salary as a project manager follow here for more.
Size of the Project Team:
The size of the project team also affects the income of a project manager. A project manager can earn an additional amount of $25,000 per year depending on the team size.
Below we have mentioned the median salaries in the US by team sizes according to the project management institute.
|No of people||Salary|
From the table above, it is clear that the more people there are in your team, the more you will earn. It has also been found out that the project managers make up to 40% more initiatives with budgets exceeding $10 million.
Must have Courses for Project Manager Skills Improvement
- The University of California, Irvine via Coursera
- 8 hours of effort required
- 3,39,189 already enrolled
- ★★★★★ (9,410 Ratings)
- The University of California, Irvine via Coursera
- 7 hours of effort required
- 3,35,068 already enrolled
- ★★★★★ (18,403 Ratings)
- The University of Washington via edx
- 6 weeks (5 hours) of effort required
- 18,364 already enrolled!
- Rochester Institute of Technology via edx
- 10 weeks (10 hours) of effort required
- 123,519 already enrolled!
By reading the above topic, it is clear that no single country, city, or area has the same project manager salary. Every industry, city, country has a different pay range for a project manager. But overall, the salary rate is quite appealing no matter which industry or country you’re in. This shows that becoming a project manager can help you develop a good career for yourself. So, make up your mind and get in the race of becoming a project manager now and never stop learning.