Project Management Salary Guide

Project managers oversee projects and have the responsibility of planning, executing, and closing any project they’re in charge of. The most common project management positions are found in construction, architecture, aerospace and defense, computer networking, telecommunication, information technology (IT) or software development.

Your potential salary depends on the area of project management you choose to go into. The following is a guide to different project management salaries and benefits.

Construction Project Management

Construction project managers plan, coordinate, budget, and supervise construction projects from early development to completion. The Bureau of Labor Statisticsstates that the average annual salary for 2010 was $83,860 per year, or $40.32 per hour. The lowest 10 percent earned less than $50,240, and the highest 10 percent earned more than $150,250.

IT Project Management

IT project managers help determine the IT goals of an organization. They’re also in charge of implementing appropriate computer systems to meet the organization’s goals.

According to The Bureau of Labor Statistics, in May 2010 the median annual wage of computer and information systems project managers was $115,780, or $55.67 per hour.

The salaries can be broken down into even further components depending on the industries:

  • Computer systems design and related services: $123,570
  • Finance and insurance: $118,010
  • Manufacturing: $117,050
  • Government: $110,030
  • Healthcare and social assistance: $101,840

Architecture and Engineering Project Management

Architectural and engineering project managers plan, coordinate, and direct activities in architecture and engineering. In May 2010 the annual median wage, according to The Bureau of Labor Statistics, was $119,260 per year, or $57.34 per hour.

Median annual wages vary depending on the industry employing architectural and engineering project managers:

  • Research and development in the physical, engineering, and life sciences: $138,590
  • Semiconductor and other electronic component manufacturing: $132,720
  • Navigational, measuring, electromedical, and control instruments manufacturing: $132,380
  • Management of companies and enterprises: $122,480
  • Architectural, engineering, and related services: $119,830

Factors that Affect Salaries

It’s important to keep in mind that your salary is determined by a number of factors. Project managers are hired to work in a number of different industries and employers call for different skill sets and experience. How much you earn will depend largely on the position you acquire and the skills you bring to the table.

Earning a degree in project management is a good first step towards earning more money. But once an employer determines the value of a position, they adjust the pay according to the following factors:

  • Years of experience
  • Professional associations and certifications
  • Geographic location
  • Employment setting
  • Profitability of the organization or company

These factors, among others, often determine what you’ll earn. But education is key, and the more you know, the more money you’ll likely make. Attending conferences, listening to webinars, and taking professional development classes will boost your pay. Employers look for candidates with expertise, potential, and the desire to learn. If you’re just starting out with limited or no experience, check out our list of accredited degree programs to help you find the right program. Many schools now offer project management degrees at all education levels so you’re sure to find a program that fits your needs.

Project Management Degrees

Purdue University Purdue University offers online programs for a BS, MS, and MBA in Project Management so whether you are trying to start your career or take it to the next level, you will find a degree that matches your needs. Purdue offers over 100 online programs, so finding a project management degree program that suits your needs is as simple as searching online.
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American InterContinental University For students who need greater flexibility in their education, American InterContinental University has online classes for an MBA and BBA in Project Management. The BBA program is designed to teach students fundamental skills and management tools while the MBA is a great match for working professionals looking to develop their careers.
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Norwich University Norwich University provides a distance learning program for its MBA in Project Management degree. Norwich is America's first private military school and focuses on providing leadership and administrative training to both military and civilian students. Norwich is especially a great choice if you are currently serving and deployed across seas.
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Northcentral University If you want to further your career by earning a graduate degree, Northcentral University offers a DBA and MBA in Project Management. While both programs require an undergraduate degree to enroll, the MBA program takes only two years to complete and the DBA can be complete in three. These programs use career-oriented curriculum to achieve tangible skills and results.
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