PMP certified respondents reported earnings 33% higher, on average, than those without PMP certification. The average additional cash compensation for a Project Manager in US is $11,668. Project Manager salaries are based on responses gathered by Built In from anonymous Project Manager employees in US. A project manager’s salary ranges from $64,000 a year at the 10th percentile to $129,000 at the 90th percentile. Translate the complexities of business, market shifts and emerging trends into actionable solutions. Project Manager job Franklin’s 12-month master’s degree in project management prepares you to lead people, projects and progress with purpose and direction.
Project Manager Salary ranges
Demand for workers with project management experience is only expected to grow over the next ten years, and an estimated 2 million jobs are expected to be available each year. Whether you’ve just begun your career in project management or have years of experience under your belt, earning your PMP Certification can help position you as a top candidate to fill these highly coveted roles. Project manager duties cover a wide range of responsibility, including analyzing and coordinating the timeline, procurement, staffing, and — crucially — the budget of a product or service for a business organization. What’s more, project managers direct and guide the work of the various technical staff, as well as often serving as a point of contact for the client or customer the product or service is ultimately for. While the AMP is certainly a highly-respected credential, it’s not the only one.
IT project manager: Job outlook
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. 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. A project manager with a combination of many years of experience and PMP certification is highly likely to win many projects and in the end take home a hefty pay. In fact, during interviews for project managers, most employers prioritize people with the required skillset, experience, and certification. That is aimed at hiring the best project manager who will help a business achieve its goals.
Certification and skills
While a Program Manager is not involved in micromanaging those projects, he helps to ensure the right how to hire a software developer work is undertaken between the correct projects at the appropriate time. One of the primary responsibilities of this role is the oversight of high-priority projects. These projects often demand high standard functional integration and considerable resources.
Team and company size
So after acquiring the certification, a project manager can expect to realize some salary increases as years go by. With this certification and years of experience in the industry, a project manager is likely to qualify for more projects with hefty earnings. This pay reflects the skillset of junior project managers that consists of basic knowledge and skills in application development methodologies, risk management, and scrum. They are also considered to have less experience in the management of project scope. But after acquiring an experience of between three to nearly five years, the annual salary in project management industry rises to $ 94,816. The size of your organization (and the size of the team you manage) can also play a role in how much you earn each year.
- Project managers who have been certified for 10 years can expect big bucks because together with those who have been certified for less than 20 years, their earnings average at $ 138,171.
- Project management specialists earn a median average US salary of $98,580, according to the US Bureau of Labor Statistics (BLS) 1.
- The answer depends on a variety of factors—including what your definition of good is.
- Thus, most companies in these five cities respond to the high cost of living by paying their project managers relatively higher in comparison with cities in other states.
- The overall project size or, more specifically, the total number of project team members, also affects project manager income.
Many organizations offer bonuses at different levels of experience based on the importance of an employee to them and their skill-sets. After passing the ten-year mark, it is common for outstanding employees to assume management as well as executive positions. In general, the more experience you gain in IT project management, the more money you’re likely to earn. This may happen as a result of taking on more responsibilities or gaining experience in important skills.
Project Manager salary by year
- Based on this data, it is clear that geographic location plays a huge role in determining how much project managers make.
- If you’re thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for project managers.
- That means an individual realizes a 13.4% pay increase from the previous level’s salary.
- If you’re actively searching for available PM roles, you’ve probably noticed a plethora of openings for remote project managers.
- According to Zippia, the majority of project managers—68 percent—have a bachelor’s degree and 14 percent hold a master’s degree 3.
- Many companies also incorporate bonuses to complement a project manager’s salary.
While work-from-home roles in project management do exist, they are quite rare. For this type of position, you’ll manage projects and communicate with team members via the internet or telephone. As we’ve already covered, the annual salary of PMs tends to vary greatly due to numerous factors.
Most senior-level roles in project management require either prior experience or a related degree in the field, but there are some exceptions. A project manager who has received prior project management training or certification might be considered for certain roles, even if they don’t have any previous experience. If you’re actively searching for available PM roles, you’ve probably noticed a plethora of openings for remote project managers.