It Project Management Salary

These days, being an effective project manager requires more than just a knack for organization. With many teams now working remotely or in hybrid settings, a project manager must be skilled in managing hybrid and remote teams if they want to be successful. Understanding the components that influence your pay can be helpful as you plan your trajectory in this field. If you’re interested in becoming a project manager, you’re probably wondering what your salary could be. Overall, a project manager salary is around $88,907 annually for a typical work week of around 46.9 hours a week.

• You know if you are being paid fairly as an Information Technology Project Manager if your pay is close to the average pay for the state you live in.
• Project management professionals work in an array of industries, including information technology, health, marketing, construction and manufacturing.
• For example, PMI Salary Survey participants who use Extreme Project Management techniques tended to earn more than those who used Agile, Lean, and Waterfall techniques.
• If you want to learn more about the role of an IT Project Manager, check out our blog post about this job title.

With a healthcare project management specialization, you can work as a health services manager at a hospital, helping medical personnel to deliver quality patient care. You can also hold a related position at a medical insurance or pharmaceutical company. This article explores five popular project management careers and two professional organizations for prospective PMs.

Project Manager Salaries by Years of Experience

To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. Learn why it’s important to list soft skills on your resume and the right way to do it. Walk into your technical interview with confidence and master these top Spring Boot interview questions. You may also want to get a certification in Agile, a how to become a project manager popular approach to product development, which is applicable to IT administration and can be a valuable skill to add to your resume. For starters, you’ll want to get a better understanding of the foundations of IT, which you can do with our free and beginner-friendly Introduction to IT course. Like all Project Managers, it’s also helpful to know some industry-specific skills.

Within tech, there are even subtypes of Project Managers that offer unique career paths. If you’re looking to specialize in project management, you can consider joining an information technology (IT) team. In addition to enhancing your earning potential, earning a higher degree might also make you more competitive in the job market. While it may sound intimidating, developing these skills can pay off in the form of a higher project manager salary. Employers are looking for project managers who can effectively operate in hybrid and remote settings, so if you can demonstrate these skills, you will be able to stand out from the competition.

Highest paying states for information technology project managers

However, graduates of business programs can also build successful careers in this field with a thorough understanding of relevant frameworks. Essential skills for project managers include time management, leadership, adaptability and problem-solving. The industry that pays project managers the most is the information technology industry, based on the research by Team Gantt in 2022. Project managers in computer software and hardware, architecture and civil engineering, and biotech and pharmaceuticals can earn over $90,000 annually. According to recent IT project manager salary statistics, yearly salaries can range from around $89,000 for junior level positions to over $170,000 per year for senior-level roles.

It’s important to note that IT project managers may also be eligible for benefits such as health insurance, retirement plans, and bonuses or incentives based on performance. These factors can also impact overall compensation and should be considered when evaluating job offers or negotiating salaries. The high fluctuations in pay rate for IT project managers had to do largely with the location of the position, the type of company, and the number of years of experience working in a tech manager role. Specializing in sustainability equips project managers to shape the future of our environment. Sustainability-minded project managers assess the environmental impacts of their decisions alongside the economic costs.

Q: Which factors influence the salaries of IT project managers?

In this case, taking a Fundamentals of Cybersecurity course or a Fundamentals of Operating Systems course can give you an extra edge.

Professionals in the construction management subfield use specialized delivery systems, management techniques and software as they budget, plan and coordinate construction projects. Supply chain management involves managing the flow of goods in and out of organizations, starting with procurement of raw materials and finishing with delivery to consumers. Managing supply chains requires professionals to consider details like sources of raw materials, logistics, marketing channels and operations management.