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PM Salaries Growing Amid Recession
Demand for skilled project managers shown in Project Management Institute’s latest salary survey.
Amid a global economic climate plagued by high unemployment and a lack of organizational resources, project managers, instead of suffering income losses like so many other professionals, are actually earning more than they were two years ago, according to the latest salary survey from Project Management Institute (PMI). How much more depends on location, experience and certification level.
Of the nearly 35,000 project manager practitioners who responded to the survey, 51 percent reported an increase in their total compensation, with the global median salary reaching $90,260. Project Management Professional (PMP) credential holders earn upwards of $10,000 more in certain countries than non-credential holders, with median salaries in the United States, Australia and Germany now exceeding $100,000, according to PMI.
“Though the lessons learned from the downturn won’t be quickly forgotten, these numbers indicate that organizations are starting to get back on track and return to their pre-recession plans,” said Gregory Balestrero, president and CEO of PMI. “In addition, they show that organizations are still willing and able to pay for top project management talent. This is great news for…
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