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Project Management Salaries: What to Expect

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Project Management Salaries


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Smart senior managers know that "you get what you pay for." Especially with large complex projects, good project managers are worth every penny they are paid. Successful projects reflect tangibly on the bottom line, improve customer satisfaction, and aid employee productivity and job satisfaction.

Consequently, project manager salaries tend to be lucrative, whether in the financial, IT, construction or software development industry. Project managers are highly-valued professionals who work under tremendous pressure and against unexpected obstacles and tight deadlines.

Salaries vary between an entry-level project manager and one who has reached senior project manager status, or who has attained certification to become a project management professional (PMP).

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Project Management Career Outlook

Project management jobs can be cyclical, depending upon the state of the economy and the specific industry, but the biotech and technology industries currently offer the best prospects and job growth for project managers. The Bureau of Labor Statistics predicts higher than average growth in general for the profession through 2016.

Project Management Salary Comparison Chart

Median Salaries by Years Experience and Certification:

Years Experience Project Manager Certified Project Manager
Less than 1 year $51,854 $55,000
1 – 4 years $55,919 $67,906
5 – 9 years $70,728 $82,580
10 – 19 years $85,911 $97,389
20+ years $95,214 $105,443

Median Salaries by Industry:

Workplace Type Project Manager Certified Project Manager
Information Technology (IT) $81,739 $87,142
Construction $69,509 $80,904
Software Development $83,000 $89,673

Sources: Payscale.com, 2008

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