Does project management pay well?
While less significant than the other factors we’ve discussed, the project management methodology you work with could also have an impact on your pay.
For example, PMs who responded to the PMI Salary Survey who use Extreme Project Management techniques tended to earn more than those who used Agile, Lean, and Waterfall techniques.
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Project Manager Salaries by Industry
The industry that pays project managers the most is the information technology industry, based on the research by Team Gantt in 2022.
On average, project manager salaries in IT are $100,939.
Project managers in computer software and hardware, architecture and civil engineering, and biotech and pharmaceuticals can earn over $90,000 annually.
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Project Manager Salaries by Location
As of 2021, the top median salaries of project managers based on location are in Switzerland, the United States, Australia, Germany, and the Netherlands.
As of 2022, Glassdoor estimates the following total pay and average yearly salaries based on the data it has collected from its users: Financial services and pharmaceutical sectors offer the highe.
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Project Manager Salaries by Years of Experience
As with many industries, salary grows as you increase your experience and skills in the field.
For project managers with less than three years’ experience, the highest-paying countries are Australia and the United States, where average salaries are $76,852 and $78,279, respectively.
Once project managers accumulate three to five years’ experience, .
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What is the average income of a project manager?
The base salary for Project Manager - Construction ranges from $96,166 to $124,327 with the average base salary of $110,325.
The total cash compensation, which includes ,base, and annual incentives, can vary anywhere from $100,682 to $133,184 with the average total cash compensation of $114,488.
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What is the average pay rate for a project manager?
While ZipRecruiter is seeing hourly wages as high as $66.35 and as low as $13.46, the majority of Project Manager wages currently range between $26.20 (25th percentile) to $45.67 (75th percentile) across the United States.
The average pay range for a Project Manager varies greatly (by as much as $19.47), which suggests there may be many opportunities for advancement and increased pay based on skill level, location and years of experience.
