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.