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How much do project managers make?
This article provides insights into project manager salaries and explores different job titles and specializations within project management. The average project manager salary, according to the Bureau of Labor Statistics, is $101,610. Those just starting out as project managers won’t make as much compared to people with more experience under their belts. Glassdoor states that the national average salary for entry level project management positions is $64,580 each year. Project managers typically have educational backgrounds in business, marketing, or communications as well as certification in industry-specific project management.
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To be a Project Manager – Construction typically requires 3-5 years experience in the related area as an individual contributor. As with most jobs, the amount of work experience you have will impact how much money you’ll make as a project manager. The BLS also breaks down compensation for project managers by hourly salary, and the median average hourly pay for project managers in 2023 was $47. Lowest hourly earners took home $28 while the highest reported hourly salaries for project managers was $78. We’ve also gathered advertised salaries Project Manager job from actual job postings to provide insight into what employers of project managers are offering as compensation.
How Much Do Project Managers Make? Complete Salary Guide
Specialized branches such as IT project management, construction project management, and architectural project management offer varying salary ranges. IT project managers, on average, make around $90,000 per year, while construction project managers earn an average annual salary of $78,090. Architectural project managers have similar salaries to construction management.
Most PMs leverage a variety of project management skills on a day-to-day basis. That said, the best PMs are usually highly versatile and eager to learn new skills and concepts. In some cases, certain industries or companies might even require specific skill sets. But there are also some skills that are useful regardless of the industry you’re in or the company you work for. To launch a career in project management and increase your earning potential, start building a foundation of job-ready skills.
- The exact salaries will also be subject to all of the other factors that normally affect pay, namely your location and industry.
- Project managers typically have educational backgrounds in business, marketing, or communications as well as certification in industry-specific project management.
- But there are also some skills that are useful regardless of the industry you’re in or the company you work for.
- In addition to education, project managers often start their careers in roles like project coordinator, junior project manager, or assistant project manager.
- According to Zippia, the majority of project managers—68 percent—have a bachelor’s degree and 14 percent hold a master’s degree 3.
While a software project manager salary is approximately $95,904 or $46.11 per hour, PMs working in government only maintain an average salary of $69,237 or $33.29 per hour. 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. Other roles in project management, such as the role of project coordinator, tend to pay slightly less.
In fact, 93 percent of STEM jobs offer wages well above the national average, and the national median salary for all STEM positions is almost double the average wage for non-STEM roles. Project management specialists earn a median average US salary of $98,580, according to the US Bureau of Labor Statistics (BLS) 1. The average US base salary for a project manager is $90,144, according to Glassdoor 2. Some companies also offer project managers additional compensation, such as bonuses and stock.
Advertised Annual Salary
- Most senior-level roles in project management require either prior experience or a related degree in the field, but there are some exceptions.
- Additionally, high-paying areas can sometimes be found in states with lower overall salaries for project managers.
- As of 2024, the average project manager salary in the United States is just under $90,000 per year.
- Although some might want to remain anonymous, project manager employees consistently report high salaries to Payscale and other salary tracking sites.
- However, according to recent reports, the top 10% of PMs in the US earn a median salary of $159,150.
The highest-paying cities for project managers are San Francisco, CA, Boston, MA, and Jersey City, NJ. Now that you know about some of the specialized branches, it’s time to switch gears to more general information. This information serves as a great baseline to use when looking at salaries for project management branches that don’t have as much information online. In a field as wide as project management, having job-specific experience can also be a huge help in gaining a higher salary.
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Payscale reports that IT project managers make an average of $90k a year. Additionally, the best paying cities for this career are Washington DC, New York City, and Houston, Texas. On top of this average salary, additional cash compensation is often a bonus for project manager professionals that do exceptionally well. Project Manager – Construction directs day-to-day construction project management planning and execution processes to meet project design requirements, schedules, and organizational financial objectives. Manages governance of projects by establishing standards, processes, and tools for effective project management throughout the project lifecycle. Being a Project Manager – Construction uses comprehensive knowledge of construction processes Programming language and operations to set project productivity and quality targets.
