The Ninth Edition Project Management Salary Survey, released by the Project Management Institute (PMI) has been significantly enhanced over previous editions. This edition includes project management salaries analysis by position description and position levels and is cross-tabulated across numerous variables, The report is meaningful and useful for everyone from entry-level project managers to senior executives in project management. Annualized salary information is shown across each of the following factors:
Project Management Salaries and Earning Power in the United States
The United States ranked #3 for the highest median salary for project managers. Certifications such as PMI’s globally-recognized Project Management Professional (PMP)® provide a significant advantage when it comes to salary and earning potential. Among survey respondents, those with a PMP certification in the United States earn 22% more, on average, than those without a PMP certification.
In addition, the number of years of experience continues to have an impressive impact on project management salaries. Almost 10,000 people were surveyed in the US where the median salary for project managers is $108,200. Those with less than 3 years of project management experience in the US earned a median $74,900 and those with more than 10 years of experience earned $120,000 and above.
It may be obvious that we, at Key Consulting, are especially pleased that the report found that 70% of organizations surveyed value project management as a career track for their employees. Organizations are putting emphasis on developing project management skills as a means to improve staff competencies as well as fill critical roles in upper management. If ever there were a magic bullet to move organizations to the next level of competency and efficiency, we feel that project management is it!