Earning Power: Project Management Salary Survey
The survey provides statistical analysis of salary data for project managers from all over the world based on a variety of factors including project manager function, experience, size of organization, and whether or not the project manager holds has their PMP (Project Management Professional) designation. Over 26,000 people from 34 different countries participated in the current PM salary survey.
Some of the findings from the PM Salary survey include:
- Among survey respondents project managers with a PMP designation earn 20% more on average than project managers that do not have their PMP certification.
- Globally, the median annual salary for project managers is USD $81,000.
And how do Canadian Project Managers compare to the global findings?
2,546 project managers from Canada participated in the current survey. Here is a summary of their results:
- The median salary for the project managers in Canada who participated in the survey (across all roles) is CAD $97,000
- Project managers from Canada with less than 3 years project management experience had a median annual salary of CAD $68,500 while those with over 10 – 15 years experience earned a median annual salary of CAD $101,000
- The salary of project managers in Canada directly correlated to their level of responsibility, with a level 1 project manager having a median salary of $76,000 (CAD) and Directors of a PMO having a median salary of CAD $123,000
- The median salary for project managers in Canada with a PMP designation(CAD $100,000) is 21% more than those without their PMP designation (CAD $82,822)
You may download the full version of the survey here.
Active PMI credential holders as of January 2016
PMI-ACP credential holders since February 2014
The PMI-ACP (PMI Agile Certified Practitioner) already has the greatest number of PMI credential holders next to the PMP and CAPM designations. With the next, sixth, edition of the PMBOK (scheduled to be released in the third quarter of 2017) the popularity of the PMI-ACP credential is only expected to increase. Project managers and team members who understand how and when to apply agile approaches to projects will be in even greater demand.
Ready to roll-up your sleeves and learn how to apply Agile Project Management? Check out our Agile Project Management Hands On workshop.
PMI-PBA credential holders since June 2014
While business analysis and requirements gathering has always been an important aspect of project management, it is only recently (in 2014) that PMI created the PMI-PBA (Professional in Business Analysis) designation. The PMI-PBA credential is one of the faster growing PMI credentials, and it is expected that the rate of PMI-PBA credential holders will continue to grow at a healthy rate as more.
What is the role of the Business Analyst and how does it relate to Project Management? Check our our BA for the PM workshop as well as our Business Analysis – Introduction, Practical Approach & Tools workshop for more information.
Project Management – The smart career choice