For example, PMI Salary Survey participants who use Extreme Project Management techniques tended to earn more than those who used Agile, Lean, and Waterfall techniques. While less significant than the other factors we’ve discussed, the project management methodology you work with could also impact your pay. According to PMI, those working in teams with fewer than five members reported a median salary of $105,000, while those with 20 or more brought in $130,000. In general, the larger the team, the higher the median annual salary for project managers. 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. Companies like Amazon, HubSpot, Oracle, Twilio, and UnitedHealth Group have already begun hiring remote project managers.Īs companies continue to digitize employee interaction and collaboration-a trend accelerated by the COVID-19 pandemic-there may be more opportunity for online positions that allow you to work from anywhere. The areas that correspond to the highest pay-often major cities-tend to come with higher living expenses.Īs companies continue to digitize employee interaction and collaboration-a trend accelerated by the COVID-19 pandemic-there may be more opportunities for online positions that allow you to work from anywhere. When thinking about location, it’s important to take into consideration cost of living as well. Data from job posting site ZipRecruiter indicates that project management jobs in the San Francisco Bay, Boston, and New York City areas tend to have the highest annual salaries. In many industries, including project management, where you live can impact how much money you make. While there are project managers working in a wide range of fields, these are among the highest paying (according to the PMI Salary Survey and Glassdoor): Highest-paying industriesĮarning Power: Project Management Salary Survey The industry you choose to work in can have a significant impact on your salary. Here’s a similar breakdown of average annual US base salaries, based on Glassdoor data as of July 2023: According to the PMI Salary Survey, these alternate job titles pull in the following median annual salaries in the US: While your position might correspond to your seniority and level of experience, this is another way to look at typical salaries. You’ll find several roles in this career field. According to Glassdoor, project managers with one to three years of experience earn an average base salary of $79,992 in the US, while professionals with more than 15 years of experience can earn $119,005, as of July 2023. Generally speaking, the more job experience you have, the more you can expect to earn. Read more: How to List Certifications on Your Resume: Guide + Examples Years of experience By earning a business-related degree, such as a Master of Business Administration, you can build the leadership skills companies are looking for and open up the possibility of moving into executive management in the future. In addition to enhancing your earning potential, earning a higher degree might also make you more competitive in the job market. Here are average salaries, as of July 2023. Reported salaries go up along with degree level. According to Zippia, the majority of project managers-68 percent-have a bachelor’s degree and 14 percent hold a master's degree. EducationĪs in many industries, higher education can often yield higher pay. If you’re looking to maximize your paycheck, consider these components of the pay equation. Your cash compensation in this field ultimately depends on a variety of factors. Factors that impact project manager salary The US Bureau of Labor Statistics (BLS) reports a median US salary as of 2022 of $95,370 for project management professionals, with the bottom 10 percent earning a median of $52,500 and the top 10 percent $159,150. Let’s take a closer look at how much project managers typically make, as well as some of the factors that can influence your salary.
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