How much does a project manager make?
A project manager’s job is to manage different aspects of a project or business and ensure its completion on time. A project manager doesn’t necessarily get involved in hands-on tasks. However, they must have good knowledge of the tasks involved in the projects.
The yearly average project manager salary in the USA:
- Entry level project manager salary: USD54,607
- USD 89,230 for mid-career project manager Salary
- USD 111,583 for Senior Project Manager Salary
In this blog, we will tell you the salary of project managers from construction project managers to technical project managers or associate project managers to help you give an overview of the industry.
This project manager salary blog will explore the following topics:
- What are the factors affecting project manager salary?
- What are the project management salary in unicorn companies?
- What are the salaries of project management in different industries?
- What are some high-paying cities for a project manager?
- What is a typical job description for a project manager?
What Are the Factors Affecting Project Managers’ Salaries?
The salary of a project manager depends on various factors, such as:
- PMP certification
- Job Specialization
- Team Size
- Job Location
- Project Management Methodologies
Project management is a vast field. It needs a minimum of 4 years’ bachelor’s degree in management or business to become an entry-level project manager. And according to Glassdoor, an entry-level project manager needs 3 years of experience to earn the average base salary.
And to get a higher salary, you must have a master’s degree in project management. The base salary of a project manager with a master’s degree is $120,000, which is much higher than a project manager with a bachelor’s degree.
|High school degree||151,388|
|4-year college degree||140,000|
Becoming a certified project management professional helps you increase your compensation and acts as a proof of skill for potential employers.
A study conducted by Project Management Institute found that a candidate with a PMP certification earns 22% more than a candidate without a certificate.
A PMP certification is a standard in the project management industry to get ahead in their career.
In the USA, the median salary of a project manager with PMP certification is around USD 120k, which is 22% more than a candidate without a certificate.
However, PMP is not the only certification you can get. There are multiple other certifications.
- Certification in Different Project Management Methodologies such as Agile, Scrum, Waterfall, etc.
- Certification in different industries such as CompTIA Project+ is for the information technology industry.
|Certification||Maiden Salary in $|
|With PMP certification||145,000|
|PMP for 1 < 5 years||131,287|
|PMP for 5 < 10 years||140,000|
|PMP for 10 < 20 years||168,000|
|Do not have a PMP certification||140,000|
Years Of Experience
Your years of experience heavily affect your salary in the industry. As you get more experience in your job, your salary also increases.
We already pointed out that an experienced project manager with 10+ years of experience gets around USD 111,583 per month, which is close to double the salary of an entry-level project manager.
|Work Experience||Maiden Salary per year in $|
|5 < 10 years||109,656|
|10 < 15 years||121,000|
|15 < 20 years||140,000|
|20 years or more||160,000|
There are several classifications of a project manager. And based on that your salary will also change.
The top classifications of project management job are:
- Project Manager
- Product Manager
- Portfolio Manager
Here are the job requirements and salary breakdown for each of the job profiles:
Project Manager: Plan project milestones and coordinate with the team to delegate responsibilities and manage the project budget. The typical salary of a project manager is around USD 91,245 - USD 110,283
Portfolio Manager: Portfolio managers analyze projects to identify improvement opportunities to improve efficiency and project performance. The average salary of a portfolio manager is USD 140,780.
Program Manager: Program managers are responsible for managing multiple similar projects called programs to improve business outcomes. The average program manager salary is $127,517.
Project Team Size
Team size also affects the income of a project manager. If the project manager has to manage a large team, they will get more salary,
According to a survey conducted by Project Management Institute, here’s the average project manager salary based on their team size:
|Team Size||Median Salary per year in USD|
|20 or more people||176,182|
Industry You Work In
The industry you work in also has a significant impact on the salary. Project managers in the tech and STEM industries are significantly paid higher than in any other industry because these industries are already in demand. In fact, studies show that 93% of STEM jobs provide more salary than any other industry.
Here are salaries for industries with top project management salaries:
|Industry||Median Salary per Year|
|Construction Project Manager Salary||$125,000|
|Engineering Project Manager Salary||$150,000|
|Food and beverage||$139,250|
|Healthcare Project Manager Salary||$131,000|
|IT Project Manager Salary||$140,000|
|Marketing Project Manager Salary||$64510|
|Creative Project Manager Salary||$78,796|
Like many industries, project management salary also gets heavily impacted based on your location. When you choose a location based on salary, you should consider the cost of living as well. Since the location with higher pay tends to have higher living expenses.
Here are the salaries for project managers in the top cities in the USA:
|Location||Salary per Year|
|Project manager salary NYC||$95,250|
|Project manager salary Los Angeles||$88,669|
|Project manager salary Florida||$69,665|
|Project manager salary California||$83,240|
|Project manager salary Dallas||$90,077|
|Project manager salary Chicago||$88,134|
|Project manager salary Houston||$99,108|
|Project manager salary New Jersey||$78,892|
|Project manager salary San Francisco||$1,03,872|
|Project manager salary Atlanta||$87,714|
|Project manager salary San Diego||$90,686|
|Project manager salary Texas||$72,810|
|Project manager salary Georgia||$87,714|
|Project manager salary Boston||$93,128|
|Project manager salary Seattle||$93,427|
|Project manager salary Massachusetts||$93,128|
|Project manager salary Michigan||$75981|
|Project manager salary Maryland||$80,089|
|Project manager salary Pennsylvania||$70710|
|Project manager salary Arizona||$71893|
|Project manager salary Illinois||$72,655|
|Project manager salary Ohio||$67754|
|Project manager salary Washington||$80,042|
|Project manager salary Colorado||$74,230|
|Project manager salary Minnesota||$72,790|
|Project manager salary Miami||$71,696|
|Project manager salary Philadelphia||$88,459|
|Project manager salary DC||$97,854|
|Project manager salary Wisconsin||$72,067|
|Project manager salary Denver||$87,023|
|Project manager salary North Carolina||$70,994|
|Project manager salary Utah||$66,817|
|Project manager salary Austin||$85,000|
|Project manager salary Charlotte NC||$85,202|
|Project manager salary Portland||$83,078|
|Project manager salary Orlando||$73,525|
|Project manager salary San Jose||$1,23,026|
|Project manager salary Indiana||$68331|
|Project manager salary Orange County||$76,224|
What Are the Project Management Salary in Unicorn Companies?
Here are some companies with maximum project management salaries:
|Job Title||Project Manager Salary|
|Cognizant Technology Solutions||$1,02,155/yr|
|IBM Project Manager Salary||$1,13,072/yr|
What Does a Project Manager Do?
Here’s what a typical project management job description looks like:
Project Manager Responsibilities:
- Manage cross-discipline teams and ensure the project is on track
- Resolve project-related issues and ensure adherence to quality standards
- Prepare project reports and present them to stakeholders
- Coordinate with technical writers to prepare user manuals and technical documentation
- Identify and develop new processes to improve efficiency
- Provide customer assistance with projects
- Perform project evaluation and identify improvement opportunities
Project Manager Requirements:
- Bachelor’s or a master’s degree
- PMP Certification
- 1-2 years of experience in project management
- Knowledge of ERP implementation
- Manage project budgets
Here are some key takeaways from the blog:
- The maiden salary of a project manager is around USD 89,230 per year.
- The salary of a project manager depends on many factors, such as industry, location, team size, company valuation, experience, etc.
- Cities like San Francisco will give the highest salary to a project manager
And, If you want to prepare for an interview, you need to read the project manager interview questions.
We hope you got all the information about the project manager’s salary. If you have more questions, you can reach out to us at email@example.com, and we will help you with your queries.