If you are questioning what type of profits a project manager earns, your first-class guess is to invite a person presently operating as a project manager. But even then, the responses will range greatly. Project managers work in lots of specific industries, and salaries depend upon the subsequent factors: place, enterprise, role, certification, years of revel in, and the common length of initiatives, groups, and budgets managed.
What are the common profits for a project manager?
You can study project manager salaries via the U.S. government’s Bureau of Labor and Statistics and reliable institutions which include the Project Management Institute (PMI), in addition to employment websites in which customers self-file their salaries.
Project manager median wages from BLS
The U.S. Bureau of Labor and Statistics (BLS) does now no longer classified project managers as a separate profession however considers them production managers whilst withinside the production enterprise, laptop and statistics structures managers in IT, or architectural and engineering managers in engineering. Project managers operating in different regions are classified as unclassified managers. We can get a popular concept of approximately profit statistics from those 3 industries.
Computer and IT (Information Systems) project managers
As of 2019, the median annual salary of IT managers (such as IT challenge managers) was $146,360 (USD) according to yr. or $70.37 according to an hour.
Construction project managers
As of 2019, the median annual salary of production managers (aka popular contractors, challenge managers) was $95,260 according to yr. or $45.eighty according to hour.
Architectural and engineering project managers
As of 2019, the median annual salary of architectural and engineering managers was $144,380 according to yr. or $69.sixty-three according to an hour.
PMIs Project Manager Salary Survey
In January 2020, Project Management Institute (PMI) launched Earning Power: Project Management Salary Survey, Eleventh Edition, primarily based totally on survey records amassed from 32,000 project management specialists in forty-two countries.
In the file, the median annual profits for challenge managers throughout all countries, roles, and revel in ranges was $57,911.
Glass doors project manager salaries countrywide common
As of January 2021, employment internet site Glassdoor indicates that the countrywide common for project manager salaries is $66,137, averaging from 133,345 salaries in its database.
PayScale’s common salaries for PMP-licensed project managers
As of January 2021, profits statistics internet site PayScale indicates the common salaries for people with the Project Management Professional (PMP) certification as:
- IT project managers: $88,982 (calculated from 6,972salaries)
- Senior IT project managers: $116,813 (calculated from 4,404 salaries)
- Project manager (popular): $74,612 (calculated from 46,267salaries)
What do project managers do to justify their salaries?
Wondering what it is far that project managers certainly do? Then study this: What is project management?