Median annual salary by industry: (Source: PMI) Project managers can work in different industries, and in some of them, they can earn more than they would do in others.Īccording to the PMI Earning Power survey, the highest paying sector is Consulting ($132,500), and the lowest is Training/Education ($84,500).īelow is a list of the ten best paying industries for project managers in the United States. A Project Manager’s Salary Impacted By: Industry Highest paying cities for a project manager in the US: (Source: Glassdoor) Highest paying cities for a project manager in the US: The following tables show the highest paying cities based on data from two employment-related sites. Highest-paying countries for project managers: (Source: PMI)Īnd even within the United States, there are significant variations in how much project managers get paid across the different states. The following table shows the ten best-paying countries. Salaries vary greatly from country to country.Īccording to the PMI salary survey, the highest median annual salaries are in Switzerland (CHF 132,086) and the United States ($116,000). One of the most important factors that affects salary is the region where a project manager works. A Project Manager's Salary Impacted By: Location Let's take a closer look at each of these factors in more detail. How much a project manager makes depend on several factors: Factors That Impact A Project Manager’s Salary So, let’s take a look at what factors can impact a project manager’s salary. The table below shows how average salaries for project managers vary across different websites:Īs you can see, project management jobs typically pay really well. PMI surveyed 8,967 project managers, while PayScale data is based on a larger sample of 39,686 individuals. The most likely reason for this significant variation is down to the number of participants in each survey. However, according to PayScale the average project manager’s salary is $75,484 per year. The Project Management Institute's Earning Power report states that the median salary for a project manager in the United States is $116,000 per year. Average Salary Of A Project Manager In The United States In this article we’ll discuss how much project managers earn on average, how their earnings vary in different countries and cities, what factors impact their yearly earnings, and how to become a project manager. In addition to many job opportunities, the salaries earned by project managers are usually good too. According to the Talent Gap Report from the Project Management Institute, the global economy will need 25 million new project professionals by 2030. The demand for project managers is constantly growing. Project managers work in industries like: They define the scope of the project, create a schedule, prepare a budget plan, manage the project’s team, communicate with stakeholders and document all the progress involved. These professionals are in charge of the planning and the execution of an entire project. In other words, a company will need a project manager. This professional will develop a detailed action plan, evaluate potential risks and constraints involved, will oversee teams and resources, and ultimately bring the project to a successful end. Whether a company wants to construct a new building, create a software application, or organize a science conference it needs a professional to manage the project.
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