How Much Do Project Managers Make? Complete Salary Guide

But there are also some skills that are useful regardless of the industry you’re in or the company you work for. It’s important to note that these numbers represent the average salary for a project manager in the US. The exact salaries will also be subject to all of the other factors that normally affect pay, namely your location and industry. While the PMP is certainly a highly respected credential, it’s not the only one.

Project Manager Salary: An Overview of How Much Project Managers Make

In 2014, the average project manager earned $80,304 annually, but today, they earn $91,578 a year. That works out to a 8% change in pay for project managers over the last decade. Project manager salaries typically range between $64,000 and $129,000 yearly. The Project Management Institute, in its Programming language implementation Project Management Job Growth and Talent Gap report, says there is a growing demand for project managers from 2017 to 2027.

• As such, remote project manager salary is usually comparable to in-house roles.
• Moreover, they all have the potential for increased pay and benefits as part of your certified project manager salary.
• People can also consider being product managers, security project managers, project coordinators.
• Those who opt to do a freelance project manager job should consider getting a Project Management Professional Certification.
• Those who have more knowledge of project management and are more senior project managers have higher annual salaries than others.
• While there are project managers working in a wide range of fields, these are among the highest paying, according to the PMI Salary Survey 5.
• Since they possess the ability to plan, organize, and lead teams—along with effective communication and problem-solving skills—they are invaluable to all industries and sectors.

Recently added project manager salaries

To receive consideration for a role as a senior-level PM, however, you’ll likely need a combination of experience, academic success, and an impressive resume. With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target. Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job. If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution. Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.

What is a project manager’s salary?

A project manager’s salary ranges from $64,000 a year at the 10th percentile to $129,000 at the 90th percentile. The experience of the candidate will Project Manager job have some impact on the salary of the project manager. Learn how the degree can help you gain the skills you’ll need to further your career. Northeastern’s Master of Science in Project Management embodies all of these features, making it a popular choice for professionals seeking to advance their career in project management.

Project Size

• Those just starting out as project managers won’t make as much compared to people with more experience under their belts.
• Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
• Similar to location, the specific industry can also have a significant impact on project manager income.
• Obtaining a PMP certification and gaining experience can contribute to higher salaries in project management.
• A project manager’s academic background also has a significant impact on their overall salary.
• For those who tend to jump around from industry to industry or one company to another, the freelance project manager salary is comparable to the numbers listed above.

Project managers earn an average salary of $101,610, with specialized branches like IT, construction, and architecture offering varying salary ranges. Obtaining a PMP certification and gaining experience can contribute to higher salaries in project management. Based on salary reports and job outlook info, it has many opportunities for career growth and a high yearly salary range compared to other career paths. Industry trends dictate that the average pay range for program managers and project management contractors has a high chance of improving as you gain more experience. According to the Bureau of Labor Statistics, wages vary in different states or cities because of the local demand for the job and the cost of living.