Monday, April 22, 2024

The latest news from the world of project management

How to fail well...

Failure Is the new success. Here are five ways that you can embrace...

5 Skills Needed To...

Why do projects fail? It's a question that invites a lot of interest and...

Embrace the change: Getting...

New IT systems for a growing business can be an exciting prospect and...

Does a Project Manager...

What makes a successful project manager is a combination of their academic abilities,...
HomeGeneralHigh Earners in...

High Earners in Project Management

In the latest Project Management Salary Guide from Arras People, the independent annual report of the project management industry, of over 2000 practitioners polled, it was found that the highest earners* in project management are males in their forties. The highest earners also work for large organisations within the professional services and consultancy fields and are delivering ‘business transformation’ projects and programmes.

High earners work in positions such as Portfolio, Programme and PMO Management roles and report to the Board of Directors within their businesses. High earners are educated, obtaining at least a Master’s degree.

The latest report also shows that high earners are not necessarily undertaking project management qualifications and accreditations. Those high earners who opt for development favour PRINCE2, Managing Successful Programmes(MSP) and APM’s APM PFQ and APM PMQ. 30% of high earners do not have any recognised accreditations.

16-high-earner

The Project Management Salary Guide covers both permanent employee salaries and contractor day rates and shows how different aspects of a project practitioner’s life impact their earning potential some highlights include:

  • Those leaving education at high school level are less likely to earn in the £60-75K bracket than those taking degrees and vocational training.
  • Civil engineering and construction Master’s degrees bring a higher earning potential, followed by business and IT.
  • Popular membership choices for higher earners include PMI and the Chartered Institute of Management.
  • Those earning between £60K – £75K are the least likely to undertake project management training and accreditations.
  • Lower earners in project management are more likely to work within community and research based projects.
  • Those working within the £40-50K salary range were less likely to receive a bonus on top of their working wage.
  • High earners are not managing the largest project budgets. Those working in the £50-70K salary range are more likely to be managing budgets over £10 million.

For further insights the Project Management Salary Guide can be downloaded directly from the website

*High earners are classed as earning over £75,000 per annum

Related Posts

Continue reading

New PMO Competency Framework Launched by House of PMO

The House of PMO, a professional body for PMO professionals has today launched the first-ever PMO Competency Framework written by the profession for the profession. The PMO Competency Framework is a guide for PMO professionals interested in assessing and developing...

New Professional Body for PMO Professionals Launched

The House of PMO, a new professional body for PMO professionals was launched today by Lindsay Scott and Eileen Roden – the team behind the PMO Flashmob and The PMO Conference. The House of PMO (HoPMO), headquartered in the UK...

Project Challenge Returns This Autumn

Project Challenge returns to London Olympia on Tuesday 10th and Wednesday 11th October with a full project management expo and over 40 project management seminars available. The event is free of charge to attend for PM practitioners - registration...