The industry you choose to work in can have a significant impact on your salary. Here’s a similar breakdown of average annual US base salaries, based on Glassdoor data as of December 2022: According to the PMI Salary Survey, these alternate job titles pull in the following median annual salaries: While your position might correspond to your seniority and level of experience, this is another way to look at typical salaries. You’ll find several roles in this career field. Luckily it doesn’t take long for experience to start translating into more money.Īccording to Glassdoor, project managers with one to three years of experience earn an average base salary of $74,011 in the US, while professionals with 10-14 years of experience can earn $95,696 (as of December 2022). Generally speaking, the more job experience you have, the more you can expect to earn. Read more: 12 Project Management Methodologies: Your Guide Years of experience By earning a business-related degree, such as a Master of Business Administration, you can build the leadership skills companies are looking for and open up the possibility of moving into executive management in the future. In addition to enhancing your earning potential, earning a higher degree might also make you more competitive in the job market. Reported salaries go up along with degree level. The majority of project managers-68 percent-have a bachelor’s degree and 14 percent hold a master's degree. EducationĪs in many industries, higher education can often yield higher pay. If you’re looking to maximize your paycheck, consider these components of the pay equation. Your cash compensation in this field ultimately depends on a variety of factors. Factors that impact project manager salary The US Bureau of Labor Statistics (BLS) reports a median US salary as of 2021 of $94,500 for project management professionals, with the bottom 10 percent earning a median of $49,750 and the top 10 percent $159,140.
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