In this article, you will discover the insights – based on the best research – to help you reach that $100,000 salary. 2) The price of paying for “the American Dream” is $130,000 per year for a family of four in the United States according to USA Today. 3) An annual household income of $111,000 puts you in the top 20% (the top 1% starts at $360,000) of income earners in the United States in 2011 according to NPR.
4) If you saved $10,000 (10% of $100,000 income) for 25 years and earned a 7% return, your investments would reach $632,000 dollars (If you make invest and save for another 6 years, you would reach $1 million). Clearly, there’s a lot to be gained from reaching the $100,000 project manager salary level. There are also career benefits to earning six figures that could beyond the personal benefits outlined above.
Now we understand the importance and value of obtaining a six figure income, how do we get there?
In the Project Management Salary Survey (8th Edition), PMI collected data from over 13,000 project managers in the United States. Knowing when and how to use all the tools and techniques of project management takes time to learn. For Early Career Project Managers: If you have less than 10 years of experience, reaching the $100,000 salary will be challenging.
For Mid To Late Career Project Managers: In many industries, ten years of experience starts to open new experiences.
When you’re deep in the details on a project, it is easy to lose track of the benefits. Enthusiastic Achievers: This elite group regularly looks for educational experiences to develop their skills and knowledge. Successfully completing an undergraduate or graduate degree is associated with an income over $100,000. The high project manager salary data reported in this survey suggests interesting possibilities. Of the thirteen specialized techniques covered, the median ranged from $98,000 to $108,000.
We can learn two important lessons from the stampede into the financial industry by freshly minted MBAs. Lesson Two: If your work has an impact on high value activities – such as taking a company public – you have an incredible impact.
Keep these concepts in mind as we discover the industries that pay the highest project manager salaries.
You may have read the statistics earlier in this section and said to yourself, “Hey, I’m in the resources industry and I earn far less than $100,000? If you are already in an industry that tends to reward project managers handsomely , congratulations! In 2013, there were 200,000 international patent applications filed – 57,000 from the United States.
In 2013, UK publishers released 184,000 revised and new books (though the average person reads one to five books per year). You know what, I opened the page on my computer’s browser and left it open for more than a week despite the temptation of closing it, hopping I would read it when I got the time. The statistics below represent IT jobs advertised across the UK that had Senior Project Manager featuring in the job title. The following table is for comparison with the above and provides statistics for the entire Job Titles category in permanent jobs advertised across the UK.
This chart provides the 3-month moving average for salaries quoted in permanent IT jobs citing Senior Project Manager within the UK. This chart provides a salary histogram for IT jobs citing Senior Project Manager over the 3 months to 25 May 2016 within the UK.
The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing Senior Project Manager within the UK over the 3 months to 25 May 2016. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.
For the 6 months to 25 May 2016, Senior Project Manager job roles required the following IT skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all job ads featuring Senior Project Manager in the job title. Strengthening this workforce with the capability to do more with lesser resources, better cost management and enhanced teamwork is the key to progress. According to PayScale, a market leader in global online compensation data holding the world's largest database of individual employee compensation profiles, project management certifications have a significant say in your salary compensation. While there is no silver bullet for all the challenges in the project management practice area, ICCKE endeavors to provide a practitioner's perspective by highlighting methods, tools and techniques popularly used by project managers worldwide to deliver successful projects. The objective is to impart knowledge on practical solutions to common challenges faced by professionals.
CKE PM Certification is for all professionals who want to acquire and demonstrate competency in their work life. Regardless, the article was interesting and filled with juicy facts, which of course I’m way into.

In Australia, the country where project management professionals reported the highest median income world-wide, project managers report a median salary of $116,625, program managers a median salary of $128,993, and project portfolio managers a median salary of $146,493.
The salaries of project management professionals varied widely per country, with Australia at the top of the list and China at the bottom. If you receive PMI’s monthly PM Network magazine, the PMI Today newsletter featuring this information should be a part of the package that you have probably already received for April. I'm a Canadian and British dual citizen with an internationally-focused American MBA and an MS in International Project Management from a French business school. I’m going to focus on how you can achieve that level in a full time role as an employee ( consulting and entrepreneurship are other worthwhile pathways to that goal: those options are outside the scope of today’s article).
Yet, who can deny its central importance and influence on nearly every aspect of daily life?
For years, it has been a signal of success and a sign that “you’ve arrived.” That’s true even today, despite inflation. This classic career book, recommended by Manager Tools, is focused at senior managers and executives. Or you could start by asking friends in your network if they know anybody who knows of six figure opportunities.
You need to start by discovering the best opportunities and capabilities of six figure project managers.
That’s why PMI asks for a detailed description for applicants who apply for the Project Management Professional (PMP) certification. If you’re already earning that salary with less than ten years of experience, congratulations! In law and accounting, professionals often become partners (or they are very close to achieving the partnership). Have you ever noticed that some job postings will include phrases such as “progressive experience”? In that case, your short term responsibility is to deliver that project to best of your ability. They regard their PDU requirements to maintain the PMP certification as a minimum, rather than a maximum.
If you’re discouraged, then this section will help you to realize the importance of education in your career.
In addition, the educational categories from the US Census and PMI’s survey are identical; however, they are close enough to facilitate a comparison. If you’re considering going back to school to finish your first degree, Figure 2 may give you some encouragement.
If you already possess a degree, then you may be able to significantly increase your income by transitioning into project management. The salary survey collected data on thirteen types of specialization including change management, critical chain project management, resource management and program management. It appears that technique specialization has an impact (though not as drastic as the differences among physicians).
According to CNBC, approximately one third of Harvard MBA graduates go into financial services (with many focused on investment banking and hedge funds). Think of it this way: if you make an investment bank an additional $2 million in profit, then a $100,000 bonus almost looks small. For example, two of the industries (resources and engineering) are dominated by engineers, a very highly paid profession that requires years of advanced study.
That just goes to show that you can’t always rely on broader economic trends to select your industry. If you are currently in engineering and desire fresh challenges where you can make a greater impact, project management may be a great choice.
Despite these challenges, organizations and companies are determined to improve and make changes.
As a general observation, projects with larger budgets have more moving parts, more risk and greater scrutiny from management. Included is a guide to the salaries offered over the 3 months to 25 May 2016 with a comparison to same period over 2 years.
Local economies can develop only if it can leverage on opportunities by channeling investment in the right manner.
You will be able to use these techniques in any industry, at any level of experience and improve your productivity.
The chart below shows the median salary for individuals holding a project management certification across various roles in different industries. When you prepare for the CKE-PM certification, you experience our 'learning-by-doing' methodology, which helps you gain a broader perspective and nurture personal growth. Using ICCKE's 'learning-by-doing' approach, you will acquire skills from a practitioner's perspective and take back reusable knowledge that can enhance your performance and make your workplace more effective.
This is to help you understand the concepts better and reflect on their application in your work environment. In the minds of many readers, a six figures income brings all the status of joining the executive suite. Fortunately, the Project Management Institute (PMI) has taken the guess work out of earning a high income.

Under the current requirements, PMP candidates must have a minimum of 4500 hours of project management experience (7500 hours are required if you do not have a four year bachelor’s degree). If not, keep building on your experience, knowledge and check that you are in a high earning industry (to be covered later in this article). If you have delivered significant success on your projects and still have not reached the $100,000 salary level, then you need to give some thought to your compensation. That means organizations are looking for professionals who are constantly growing their skills and experience.
If you lose track of your project’s benefits (especially increased revenue or efficiency benefits), your executive and project sponsor may forget the value of your projects. They take a broad view of education: self study through books and courses, attending events and learning from others in their network. The second approach looks at the benefit of learning and applying specific project management techniques such as critical chain. If your organization provides funding or other support to earn a degree, then the return on effort is absolutely worth the effort. One note of caution before I reveal the data – the samples for these groups are relatively small and likely less accurate and definitive than the larger groups previously discussed. Clearly, specialization can give you an edge and it does put you in the $100,000 project manager salary area. In a sense, people in these highly demanding industries are being paid as a reward for dedicating a great deal – more than the average in our economy – to their employers. To be fair, the median salary in financial services is nothing to sneeze at either ($106,000). In either case, advancement to a higher project manager salary will be easier if you switch to an industry where your contribution is likely to be valued. From that starting point, you may have to grow your capabilities in other ways – such as earning the PMP certification or taking on more complex projects. The largest collections in Europe totalled a few hundred manuscript books – texts that were copied by hand.
Having this box here makes it really difficult to read your article and even read my own typing feedback. Much of the data or figures do not directly reflect my context, as it is mainly based on the North America, but I, generally, find it as an invaluable input to somebody like me who wants to challenge himself in project management. As such the figures in the first row provide an indication of the total number of permanent jobs in the overall sample. To encourage investment, trade and enhance competitiveness in the economy, every nation must address the quality of its workforce. Discussing the 2007 annual IT Salaries survey conducted by the research firm that tracks skills and pay for IT workers, David Foote, the firm's co-founder and president noted that presently it is assumed that an IT pro will have project skills. You will have more and more options to choose your projects and increase your satisfaction. Your limited experience in those areas may be holding you back from taking on more ambitious projects.
As an exercise, look back over the last twelve months and write down three benefits your organization received from your projects (e.g.
Ask for a short meeting with the person in your organization who makes project decisions (e.g. Fortunately, the Project Management Institute predicts that demand for project managers will continue to grow in the coming years. It is no secret that the industry offers high compensation and a degree of prestige (though both can involve many hours of grinding through data in Microsoft Excel). Career advancement can be accelerated with the right ideas but we can’t achieve miracles just yet! Of course, you will need to tailor this concept to meet the parameters of your organization.
The CKE -Project Management certification helps you adopt project management techniques in your everyday life. If we could learn how to apply project management techniques to work more efficiently and deliver results consistently, it would definitely improve productivity and competitiveness. This helps a qualified professional make informed decisions and perform better at his work. Even when you control for formal education as a variable, project managers earn more than the general population.
If you started your career as a project manager two years ago, a six figure compensation package is likely some years away. If you are not managing larger and more complex projects, it may appear that your skills have plateaued.
By taking the time to express your interest and build the relationship, you are much more likely to land better projects in the future.

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