Project Management Salaries

Project Management Salaries

Average Project Manager Salaries:

Entry-level
$54,953

 

Managing small, low-risk projects
$65,818

 

Managing medium-size, moderate-risk projects
$81,520

 

Managing large, highly integrated projects
$103,047

On average, it takes 7 years in the profession to go from entry-level to managing large, complex projects. 

Average Salary of Senior-Level PM by Region:

Southwest US
$108,300

 

Southeast US
$98,864

 

Midwest US
$97,778

 

Mid-Atlantic US
$110,096

 

Northwest US
$101,446

 

Northeast US
$103,511

 

Outside US
$108,300

Average Salary of Senior-Level PM by Industry:

Energy/
Utilities
$147,600

 

Aerospace/
Defense
$116,100

 

Government – Federal
$113,000

 

Information/
Technology
$107,200

 

Construction/
Engineering
$104,800

 

Financial Services
$104,500

 

Telecommu-
nications
$102,800

 

Pharma/
Healthcare 
$101,800

 

Automotive/
Manufacturing 
$99,760

 

Management Consulting
$100,700

 

Media
$94,340

 

Government – City/State/Local
$90,080

 

NonProfit/
Education
$72,920

According to respondents, five days per year of project-focused training reduced the amount of time it took to advance from an entry-level project manager to a senior project manager by 12.6 months.

Project Management Professional (PMP)® certified project managers in the U.S. earned an average of 16%more (approximately $14,500) than their non-credentialed peers in 2011. 

Project Management Industry Growth

Project Management Industry Growth

Between 2010 and 2020, 15.7 million new project management roles will be created globally, and the project management industry is slated to grow by $6.61 trillion. 

An expected 12% growth in demand for project management professionals will result in almost 6.2 million jobs by 2020. [11]

Business services (2 million jobs) and Manufacturing (630,000 jobs) supported the greatest number of project management roles in 2010. Business services and healthcare are expected to lead job growth between 2010 and 2020. 

The healthcare industry is projected to increase project management roles by 30% — a higher growth rate than any current project intensive industry. [11]

Estimated Project-Oriented Job Openings 2010-2020:

China
8,153,340

 

India
3,975,650

 

US
2,348,830

 

Japan
387,560

 

Brazil
347,820

 

UK
177,120

 

Germany
153,230

 

Canada
120,070

 

Australia
74,900

 

United Arab Emirates
18,000

 

Saudi Arabia
12,670

83% of project organizations reported that they were understaffed at some level. 44% of the reported shortages were for senior-level project managers. 89.4% report that it is either very difficult or somewhat difficult to find senior-level talent. 

What Makes Great Project Managers

Here is a short informative video about what makes a great project manager.

Project Management and Microsoft Project

The project management career field utilizes planning and organizing of information using software applications like Microsoft Project.  There are also many other fields that are using the project software.  In a article by Morley can learn more about Microsoft  Project in the workplace.

http://www.webmarketshop.com/microsoft-project-in-the-workplace-how-ms-project-is-utilised-across-a-vast-number-of-roles/

End of Semester Approaching

The Fall semester has gone by quickly and most of us are already registering for Spring Term.  It's my hope that students are able to get the classes they need in the semester they need them.  It's very important to follow the degree plan as much as possible, because the number of classes and time availability slots are very slim as you move closer to graduation.  If you are in a BAS program be very conscience of what classes are available in which semesters as they do not offer every class every semester.

Create your own ePortfolio

Following up today on the last post about sharing information with you about ePortfolio's.  The standard resume and cover letter are still important in the information you give potential employers. However, an ePortfolio allows job seekers to include text, video, picture, graphs, downloads and links to publication or other professional sites, such as Linkedin.  In today's world technology is rapid and what people are coming to expect to see.  Good luck!

Here are 5 Free Websites for Creating your ePortfolio:

Coroflot - http://coroflot.com/  

Behance Network - http://www.behance.net/

Carbonmade - http://carbonmade.com/

Cargo - http://cargocollective.com

Dribbble - http://dribbble.com/

Jobs for Graduates

Some of my classmates and I have been discussing job opportunities upon graduation this year.  These opportunities are not usually going to come to you, you have to get out there and forge your way.  One great thing to get involved with is a student chapter of your professional group at the college.  This gives you exposure to meeting people and attending events in your chosen field. The college recently offered a leadership summit "Be A Leader" free of charge.  Attending these type events offered at the college is another way to get out and network.  One of the breakout sessions offered was "Building  your Portfolio", this session focused on providing tips and strategies on building a strong portfolio that best accentuates what you have to offer a potential employer.  Your professional portfolio highlights and showcases examples of your best work, life experiences, values, and achievements.  In my next post I will give you some links to create your own ePortfolio.

Project Management Student Chapter Meeting - Thursday Oct. 20

Next Project Management Institute Student Chapter Meeting at Northwest Florida State College will be this Thursday Oct. 20th at 4:00pm in Room #117 Bldg, #360.  We are seeking new members and everyone is welcome!

Midterm Time

Midterm week blues!  Do you have them?  It's been a full week that's for sure.  Late night assignments and studying for midterm exams can give you a midterm hangover.  Let's look on the bright side now we are just about over the hump.   As the semesters go by we come one step closer to graduation.  What degree program are you in and when do you graduate?

NWF- PMI Student Chapter

Northwest Florida State College now has a PMI Student Chapter.  The group is trying to grow its membership and if your interested in joining us, please leave me a comment and I will be happy to tell you about our next meeting.  The group offers opportunities for networking with professionals in the field, community service events, guest speakers and much more, not to mention membership looks great on your resume.

Project Management Institute

The Project Management Institute is the professional organization through which certifications can be earned in the area of Project Management. PMI works to advance careers, improve organizational success and further mature the profession of project management through their globally recognized standards, certifications, resources, tools, academic research, publications, professional development courses and networking opportunities.  PMI was founded in 1969 and serves over 2.9 million professionals working in nearly every country in the world.  The website for PMI is http://www.pmi.org/   the local Emerald Coast Chapter has groups in Ft. Walton, Panama City, Pensacola and Mobile http://pmiemeraldcoastfl.org/index.php

In my next post I'll tell you about the Student Chapter at Northwest Florida State College.

Are you Curious about Project Management?

When people ask what are you getting your degree in and I say "Project Management", they almost always say, "what is that and what kind of jobs do you get with that degree".  Project management is in your life everyday, it brings your children to school on a bus and it protects you, your family and country everyday.  Project management takes a goal and vision and brings it to realization. Project Managers plan, organize, lead and control projects found in almost every industry including, health care, information technology, construction, aerospace and defense.

The Student

Hello!  My name is Cindy, I'm currently a student pursuing my degree in Project Management.  My education has been a long drawn out process.  I started taking classes back in the early 90's and just returned to college again in 2014.  I'm currently a senior and looking forward to graduation and new employment in the field of Project Management.

Project Management Student Adventures

In this blog you will learn about the adventures of a Non-Traditional Project Management Student in pursuit of graduation and starting a new career in the Field of Project Management.