When it comes to salaries, an IT Project Manager makes more than the national average. The highest-paying cities in the US are San Jose, CA, Oakland, CA, and Hayward, CA. These three cities beat the national average by $19,903 and $23,691 respectively. Moreover, the salary in these cities is significantly higher than the national average, increasing your chances of economic advancement.
Salaries can vary greatly depending on the job title and experience. According to the latest survey by the Project Management Institute, those with two or more years of experience can expect to earn a median salary of $87,568 annually. The higher your experience level, the higher your salary. In the same study, project managers with less than one year of experience earn nearly four percent less than those with more than three years of experience.
The average salary of an IT Project Manager can range anywhere between $54,279 and $88,451 based on the type of experience. For example, a project manager with five or six years of experience can expect to make $88,451 on average. However, a senior project manager with more experience can expect to make more than $75,000, while a project coordinator with only two years of experience will earn less than $50,000.
Obtaining the PMP certification can increase your salary by 22 percent. The certification itself will depend on your career goals and industry focus, but it’s likely to increase your paycheck. Salary can also vary greatly based on the size of a project. Large projects typically pay higher salaries. If you have a passion for project management, it could be a good career path. And don’t forget, improving your skills will help you in the long run.