Project Manager Salary: How Much Do They Make?

There are plenty of reasons to become a project manager, whether it’s the opportunity for advancement or the ability to truly make a difference within an organization. While non-monetary reasons differ from person to person, one thing is certain—salary is always an essential component of the decision-making process when it comes to your career. 

Whether you’re exploring the possibility of becoming a project manager (starting at an entry-level position) or looking to develop your skills and move up as a senior project manager, Simplilearn has presented the data so that you can make an informed decision regarding salaries. We’ll compare the salary difference between certified and non-certified project managers around the world and show you how to start advancing your career today. 

Are you aspiring to become a Project Manager? Then check out the PMP Certification Training Course. Enroll now.

How Much Do Project Managers Make?

A project manager will earn an average of $90,139 per year in the United States, according to ProjectManager. This may differ when you factor in variables such as certification, geography, and professional background. 

Geography

Where you decide to work has a direct impact on how much you make, based on such factors as demand and the cost of living in a particular region. To make the big bucks, Australia is where you’ll find the best compensation. In the land down under, a project manager salary is highest on average to the tune of $134,658 annually. 

Switzerland averages a close second at $133,605 per year. If you live in Egypt, you’ll make significantly less. Egyptian project managers make just $24,201 per year. India is barely any better, with an average salary is $27,052. However, keep in mind that Egypt’s average salary for project managers is comparable to average salaries for IT managers and other professionals in the country (also, $24,201 goes much further in Egypt than it would in Switzerland or Australia).

Background

Your salary generally will reflect the amount of experience you’ve gained over the years. Let’s say you’re starting an entry-level position in the United States, meaning no more than two years of work experience. Your entry-level project manager salary will begin at the lower end, once again depending on location. In Rhode Island, for example, you would make $77,165 annually, while in Hawaii, you’d earn $62,888. 

A mid-level salary with three to five years of work background in Missouri bumps you up to $101,957. On the lower end, you can anticipate making $85,584 in New York. 

Finally, you can reach a senior project manager salary once you’ve acquired at least six years of work experience. Project managers make $121,884 per year in Missouri, which is one of the highest project manager salaries in the country. Hawaii, on the other hand, doesn’t even break six figures with an average senior project manager salary of $98,403. 

Certification

Plenty of project managers begin their careers out of necessity. Perhaps your boss needs someone to manage a project, but you work in an entirely different role, and project management isn’t your specialty. Or maybe you’re self-taught and use resources like informative articles, videos, and free courses. 

While this is an excellent way to start exploring the world of project management, certification is the foundation of a lucrative career. Project managers with Project Management Professional (PMP) certification beat out their non-certified peers by up to 16 percent. If you’re serious about succeeding as a project manager, a $14,500 salary gap is nothing to sneeze at. 

PMP Certification Training Course

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Project Manager Responsibilities

According to Workzone: “A project manager (PM) is an organized, disciplined, personable individual who ensures that the milestones (or sub-deliverables) of a project are completed on time and using the allotted volume of resources resulting in adherence to the deadline and expected quality standards within a pre-estimated budget.” 

Essentially, a good project manager is responsible for making sure a project is finalized on time, doesn’t go over budget or wastes resources, and ensures work is of high quality. They communicate between leadership/clients and their team members to turn needs into realities. Project managers also put together comprehensive project plans and have expertise in risk management and conflict resolution. 

Project Manager Salaries Around the World

As we mentioned, where you work factors into what you make as a project manager, entry-level project manager salary, or otherwise. The top 10 project manager salaries (in decreasing order) are: 

  1. Australia - $134,658
  2. Switzerland - $133,605
  3. United States - $108,000
  4. The Netherlands – $103,274
  5. Germany - $101,983
  6. Canada - $95,140
  7. New Zealand - $93,513
  8. Belgium - $92,817
  9. Sweden - $90,690
  10. United Kingdom - $90,666

On the other hand, your earning potential would be at its lowest in these countries: 

  1. Egypt - $24,201
  2. India - $27,052
  3. China - $27,156

Remember, you must crunch the cost-of-living numbers before making any drastic career moves based on salary ranking alone. Otherwise, you could end up technically making less than if you had kept a lower salary and stayed in an affordable location. 

Comparing Project Manager Salary with Others 

The road ahead looks promising for project management in terms of growth: the project-management-oriented field is anticipated to increase by 33 percent through 2027. This is almost a whopping 22 million jobs. 

As the discipline grows and PMPs continue to have higher salaries than those without PMP certification, you can expect to see the demand for project managers continue to increase, particularly those entering the professional workforce post-graduation. 

Furthermore, hard project management skills like the ability to use project management software and expertise in recognized project management techniques will become even more of a necessity. Professionals with PMPs and MBAs will be preferable for hiring candidates. 

Are you prepared enough for your next career as a PMP professional? Well, try answering these PMP Practice Exam Questions and find out now!

PMP and Beyond

Of course, PMP certification isn’t the only certification available to aspiring and seasoned project managers. 

A job board survey conducted by Business News Daily revealed what companies search for in terms of accreditation. Not surprisingly, PMP was the most widely-sought qualification, followed by Certified ScrumMaster (CSM)®, Certified Six Sigma Green Belt (CSSGB), Certified Six Sigma Black Belt (CSSBB), and Certified Associate in Project Management (CAPM)®. 

Enroll in Certification Training Today 

Ready to increase your professional opportunities and salary? 

Consider enrolling in Simplilearn’s PMP Certification Training Course. In this course, you’ll learn about the latest practices, trends, and everything else you need to know for a successful project management career. 

Whether you’re striving for an entry-level project manager salary or a senior project manager salary, improving your skill set will undoubtedly pay off in the long run. The globally-recognized PMP certification can help you land lucrative roles in IT, manufacturing, finance, healthcare, and other exciting industries.

About the Author

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Simplilearn is one of the world’s leading providers of online training for Digital Marketing, Cloud Computing, Project Management, Data Science, IT, Software Development, and many other emerging technologies.

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