Based on those postings, the median advertised salary for project managers was $101,760 per year. Anyone working as a senior project manager can expect an average yearly wage of over $100k a year. In fact, Payscale reports that the average salary for this position is $104,496 a year ($61.58 per hour). Although some might want to remain anonymous, project manager employees consistently report high salaries to Payscale and other salary tracking sites. Another project management specialization is in the construction field.
Q: What is the highest-paying project management job?
- Based on compensation data that was included in job postings for project managers dating back to September 2020, advertised salaries for project managers have increased 22%.
- This shows why it’s crucial to keep learning and get certification to boost your pay in the project management world9.
- Working in another country as an expatriate can have some benefits.
- Many project managers see median salaries of more than $100,000, and salaries are continuing to rise.
- As businesses grow into new markets, project managers help to make things happen and bring success.
- This is especially true in places like tech and pharma industries13.
Knowing how to work in different cultures can help boost your career and salary in the global business world5. Becoming a certified project manager not only helps you enhance your salary, but it demonstrates to employers that you have the skills and knowledge to manage projects and teams successfully. Knowing the great demand for project managers, take a deeper dive into how these six factors can add more money to a programmer project manager’s paycheck.
- This puts the UAE in the group of top-paying countries for project managers.
- Employers love seeing proof that you can talk the talk and walk the walk, especially when it comes to frameworks that save time and money.
- No matter what certification you choose, it’s likely to have a positive impact on your paycheck.
- A PMP certification, for example, can increase a project manager’s compensation by 22%.
- While the PMP is certainly a highly respected credential, it’s not the only one.
- Then, once you get a couple of programming languages under your belt, start building projects to familiarize yourself with the development process.
- In summary, the salary of a project manager varies significantly based on multiple factors such as company size, industry, experience level, and education.
Experience and Seniority
As such, these roles are generally reserved for established PMs who already have years of hands-on experience in the role. While less significant than the other factors we’ve discussed, the project management methodology you work with could also impact your pay. For example, PMI Salary Project Manager job Survey participants who use Extreme Project Management techniques tended to earn more than those who used Agile, Lean, and Waterfall techniques 5.
- For seasoned project managers with over twenty years of experience, salaries can reach approximately $117,000.
- It’s recognized by over 1,000,000 professionals as a sign of excellence in the field16.
- Project managers with relevant skills, such as communication, leadership, and problem-solving, can earn higher salaries.
- A project manager’s academic background also has a significant impact on their overall salary.
- If you’re actively searching for available PM roles, you’ve probably noticed a plethora of openings for remote project managers.
- That said, the best PMs are usually highly versatile and eager to learn new skills and concepts.
Recently added project manager salaries
Some locations offer a higher number of job opportunities as well. A similar analysis of job postings provides insight into advertised hourly salary for project managers. Based on 37% of postings with advertised compensation, the median hourly salary for open positions for project managers in the United States is about $49. The BLS also breaks down compensation for project managers by hourly salary, and the median average hourly pay for project managers in coding jobs 2023 was $47. Lowest hourly earners took home $28 while the highest reported hourly salaries for project managers was $78.
Job title
This makes the world of project management salaries a very complex one. There are also many chances for them to grow their careers here13. This is due to different economic situations and job needs in each place. We’ll look at how much project managers make in various countries. This will help us see trends in international project manager salaries.