![]() The potential for a higher income is just one reason to get a degree when pursuing a position in project management. How much of a difference can a degree make with your project manager salary? A significant one, as those with four-year degrees can make an average of $102,588, while those with master’s and doctoral degrees can earn $114,821 and $121,837, respectively. Zippia reports that most project managers have degrees, with 68 percent holding bachelor’s degrees and 14 percent holding master’s degrees. Project Management EducationĪ higher level of education typically leads to higher pay in most industries, and project management is no different. As you bump experience to the 10 to 14-year range, the average project management salary can jump to $95,696. Glassdoor found that as of December 2022, the average project manager with one to three years of experience can earn $74,011 in the United States. ![]() However, you do not necessarily need several decades of experience to earn a higher income as a project manager. 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. content and product recommendations are editorially independent. ![]()
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