Project Manager Salary Guide 2023: Average By Experience, Industries & Companies

Why are Project Manager Salaries High?

The salary of a project manager is high precisely due to the increasing demand for project managers and a lack of competent ones.

Project managers earn higher than business analysts and experienced developers, depending on the nature of the project and the organization. This is attributed to their abilities to:

• Creating project concepts

• Managing multiple projects in parallel

• Identifying and resolving issues

The salary of IT project managers with 1-4 years of experience is around $74,933 per year. Experienced project managers in IT, architecture, construction, healthcare, and other top industries have higher salaries.

In the following sections, we will cover the salaries of senior, junior, assistant, and technical project managers in global majors such as Google, Amazon, Salesforce, etc. We will also learn more about Agile or PMP-certified project manager salaries and explore what makes them a top-earning cohort in different countries and industries.

Average Project Manager Salaries Based on Role & Experience

The number of years you spend in an industry determines your pay. While a 4-year-experienced project manager earns about $74,000 annually, a 10-year-experienced project manager makes upward of $85,000 per year.

Here’s what entry-level, mid-level, and senior project managers earn per year:

Average Project Manager Salaries in Top Global Companies

The average annual salaries of project managers vary in small, mid-size, and larger companies. Presenting a list of project manager salaries in top companies:

Average salary of a Project Manager at Google

Project manager salaries in Google can sit anywhere between ₹ 7,50,630 and 1,20,00,000 annually in India. In the United States, the average annual income of a project manager is $110,949.

An accurate representation of a Google project manager’s salary in the USA is shown below:

Average salary of a Project Manager at Amazon

Project manager salaries in Amazon fall within the bracket of ₹1,11,064 - ₹1,92,67850 annually in India. Senior project manager salaries in Amazon can range from ₹ 5,38,822-26,62,334 per year. Junior project managers in Amazon make ₹ 4-8 LPA.

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Average salary of a Project Manager at Salesforce

The estimated yearly earnings of a Salesforce project manager is $101,656. They make an average of $93454 per year. The breakdown of their total annual income is shown below:

Technical project managers at Salesforce earn anywhere between $202,000 - $225,555 with equity of 100K+.

Typically, the average salaries of Salesforce project managers depend on their career trajectory as shown below:

Salesforce Project Managers in India earn an average salary of ₹ 19.63 LPA. Based on the seniority level, they also earn an additional compensation of ₹ 79,617 and above.

Average Project Manager Salaries Based on Location

The city or country your job is based out of has a major role to play in your salary as a project manager.

The following table explains further:

Source: Glassdoor

Average Project Manager Salaries in Different Industries

The average yearly incomes of project managers depend on the industry they are a part of. For instance, the salary of a professional in healthcare project management would differ from someone in construction project management.

Evidently, project managers are in high demand in the healthcare and construction sector. On average, an entry-level healthcare project manager earns $94,231 per year. Experienced project managers in healthcare make upward of $149,760 per year. Project managers in related domains in the healthcare sector rake in a good amount too.

Construction project managers earn hefty packages based on their skills, locations, and years of experience. With an experience of 6-25 years, project manager construction salary in India ranges between ₹ 5.4 LPA and 30 LPA with an average annual earning of ₹ 11 LPA.

Let’s take a look at the earnings of project managers in construction in similar designations:

Average Project Manager Salaries Based on Certifications

Adding project management certifications like PMP® to your portfolio allows you to demonstrate your skills to employers and increases the chances of salary increment by 18%. While there are many reasons to get PMP®-certifed— or attain any certification for that matter— an acceleration in the salary often stands to be the most attractive.

The table below shows how relevant project management certifications can boost your salary:

What Factors Determine the Average Yearly Salaries of Project Managers?

Certain factors always result in the differences in salaries of project managers in different companies, locations, etc.

1. Experience: The number of years you spend in the industry as a project manager is a deciding factor in your salary hike. In any interview, the first question you get asked is:

   How many years of experience do you have as a project manager?

   How many/what kind of projects have you delivered as a project manager?

   The more challenging roles and projects you take up in your early years, the easier and quicker it becomes to boost your earnings. The 2021 PMI salary survey shows that median project manager salaries get higher with years of experience.

1. Certifications & Credentials: Project management certifications prove your expertise. Not to mention, they improve your credibility manifold. In an annual career survey by Salesforce, participants were asked about their salary hikes after project management certifications.

   The statistics prove the claims: 67% of the respondents reported an average salary increase of 21%.

   Certified project managers have higher chances of promotions within the same company or massive salary hikes when they are switching organizations. For instance, the median global average salaries of PMP-certified project managers is 16% higher than their peers.

2. Designation: The 2021 PMI salary survey reveals that the following job titles earn more salaries as project managers:

Land Top-Paying Project Manager Roles With Edbrick

Project manager roles will continue to evolve and so will their salaries. Over the years, project managers have emerged as strategic leaders from mere functional roles to tick off tasks. With organizations looking for ways to improve their project management practices, the demand for project managers will further increase.

If you are ready to take your career to the next level, enrol in Edbrick’s project management training programs today.