How to Increase Your Value As A Project ManagerĪs we mentioned, there are a few ways to take yourself from the low end of that salary range up to the top. While the low end of $95,000 doesn’t exactly seem like a particularly bad place to start, let’s discuss how you can take control of how much you’re making per year as a project manager.
Other factors that help determine the median income for your position include what city and country you live in, your education, and what industry you’re working in. Within the United States, the annual median salary for a project manager is $116k, but it’s clear that this number can be vastly affected by certifications like the PMP. Among PMI survey respondents, those holding the PMP certification reported higher median salaries (22% higher on average across 42 countries) than those without a PMP certification.According to a recent study on earning power by the Project Management Institute (PMI), the average salary for a project manager in the United States without a Project Manager Professional certification (PMP) is roughly $95K, and it is $120K for a project manager with a PMP, when other credentials and years of experience are relatively equal.How would you like a $25,000 pay increase?!? Whether you’re comfortable with how much you currently make, want to know how you can make more, or are just generally interested in the earnings of project managers, we’ve compiled the data for you in this article. Health insurance packages, retirement plans, company stock, and other options are all additional benefits to consider. Keep in mind that there are multiple ways beyond salary to determine your annual compensation. Fortunately, most companies acknowledge the value of this position, and most project managers can earn a respectable amount of money every year. The role requires a high level of experience and knowledge to carry out a company’s objectives successfully. A project manager is one of the most important roles in a business developing new products, tools, and key initiatives.
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