Categories: Personal Productivity
Situation: You're curious about how much your peers make...
Today, PMI released the results of their most recent research into how much Project Managers make. The median income globally was $92K and $105K in the US (both in USD). The full press release can be found below.
Want to Earn Six Figures? Become a Project Manager
New research from Project Management Institute reports that 71% of project managers
saw an increase in compensation over the last 12 months
NEWTOWN SQUARE, PA, 16 December 2011 — As employment continues to fluctuate, uncertainty about job stability and the economy is keeping people on high alert. Despite these uncertain times, there is a silver lining for those in one profession that continues to thrive. New research from the Project Management Institute confirms what businesses, job boards and the media have been proclaiming for the past two years: project management is one of the hottest professions out there. According to the PMI Project Management Salary Survey, Seventh Edition, the salaries of project managers around the world continue to climb, indicating not only that project management professionals are in strong demand, but also that organizations are increasingly recognizing the value of trained project managers to their overall business goals.
Location and certification increase salaries
This year, 30,000 project management practitioners in 29 countries responded to the survey. The data was reported across all roles and experience levels.
· The median annualized salary is US$92,000; in the U.S. it is US$105,000.
· 71% of respondents reported that their total compensation (including salary, bonus and other benefits) had increased over the previous 12 months.
· Nearly 33% reported increases of at least 5% of total compensation in the last year.
Countries including the United States, Germany and Australia posted average salaries well above the median, each exceeding US$100,000. The highest project management salaries in 2011 are reported from Switzerland, where respondents averaged more than US$160,000.
The 10 countries reporting the highest median salaries (reported below in US dollars) are:
· Switzerland, $160,409
· Australia, $139,497
· Germany, $110,347
· The Netherlands, $109,775
· Belgium, $108,750
· United States, $105,000
· Ireland, $101,635
· Canada, $98,517
· United Kingdom, $96,384
· New Zealand, $91,109
The survey shows that certification, as well as geography, positively affected salaries. Project Management Professional (PMP)®credential holders in the U.S. earned an average of 16% more (approximately US$14,500) than their non-credentialed peers in 2011.
