What is the average salary of project managers? Project management is a great career choice if you are a skilled leader and have the ability to manage complex projects. Project management can be very lucrative. Even more so if the job involves leading large teams and complex project management. The salary of a project manager depends on many factors, such as industry certifications and the nature of the industry. However, you don’t work for pennies. This brings us to the main topic of the day: What is the average salary for project managers? This article will take a detailed look at the salaries of project managers, taking into consideration all factors. First, let’s take a look at the duties of a project manager. Roles and Responsibilities of Project Managers As a project manager, your primary responsibility is to ensure that a project is successfully initiated, planned, organized, executed, monitored, controlled, and completed. The project manager’s role encompasses many activities.

• Planning project resources
• Organization and motivation of a project team
• Controlling and estimating costs
• Time management control
• Analyzing and managing project risks
• Quality control
• Monitoring progress
• Reporting and documentation

These duties are applicable to all project managers, but the nature of these roles can vary from industry to industry. What is the Average Salary for Project Managers? The average salary for project managers in the United States is $112,000. Project managers make an average salary of $112,000. This is compared to the average $50,000 earned by accountants. However, their figures are much higher than that of accountants who earn an average $50,000. This is because their supervisory roles are more demanding. As we mentioned, there are many factors that can affect the salary of a project manager. We’ll take each factor into consideration and provide you with salary estimates. 1. Years of experience Just like other jobs, the amount you earn as a project manager will depend on your level of experience. Project managers with more than 15 years of experience in project management earn an average annual salary that is $122,000, compared to $75,000 for those who have less than three years. 2. Academic Qualifications Having a certification in project management, or an advanced degree, can significantly increase your salary as project manager. A global survey has shown that PMP certified project managers earn 23% more than those without it. A project manager with PMP certification in the US makes $119,235 annually, while those who don’t have it make an average of $99,000. 3. The salaries of industry project managers vary from one industry. Pay rates will vary depending on the industry and the complexity of the job. According to the Project Management Institute, project managers are paid the most in these industries. INDUSTRYAVERAGE PROJECT MANAGEMENT SALARY (US)Information Technology $110,000Government $110,000Oil, gas, utilities $110,425Engineering $112,000Aerospace $115,000Consulting $120,000Agriculture, mining, & natural resources $120,40Pharmaceuticals $125,500Project management salaries in the IT and engineering sectors are especially high due to the demand for project managers in these industries. 4. Project Team Size The size of your project team can also impact your pay as a manager. The more you earn, the larger your team will be. These are the ranges based on estimates from Project Management Institute. TEAM SIZE AVERAGE PROJECT-MANAGEMENT SALARY (US), 1 – 4 people $100,000 10 – 14 persons $111,000 15-19 people $115,823 20+ People $120,000