Project management is one of the most important positions in any business. It requires excellent organizational skills, a knack for problem solving, and the ability to lead a team. A successful project manager can make a substantial salary, depending on the industry, location, and the complexity of the job. If you’re looking to make a substantial salary as a project manager, here is a guide to help you achieve that goal.
Earning certification in project management will not only demonstrate your commitment to the profession, but it will also give you access to more job opportunities and higher salaries. Different certifications and courses will demonstrate your level of knowledge and expertise, increasing your chances of landing a high-paying job.
2. Develop Your Skills
Becoming a successful project manager requires a specific set of skills. Make sure you are honing these skills as much as possible. Attend seminars, read books, and take online courses to stay up to date on the latest trends and technologies in project management.
3. Network
Networking is key to finding the best job opportunities. Make sure you are attending industry events and connecting with other professionals in the field. You never know when an opportunity might arise that could lead to a higher-paying position.
4. Negotiate
Once you have found a job opportunity, make sure you negotiate for the best salary. Don’t be afraid to ask for more money, as employers are often willing to negotiate if they feel you are the right fit for the job.
5. Stay Organized
Being organized is essential to success in project management. Make sure your projects are well-structured and that you are staying on top of deadlines and budgets.
What is the salary of PMO in Wipro?
The average salary of a Wipro project manager is approximately Rs. 10 lakhs per annum, which is significantly higher than the industry average of around Rs. 6.5 lakhs. This salary is further supplemented by the numerous benefits that Wipro offers its project managers. These include performance-based bonuses, medical insurance, and flexible work hours.
What is Salary for PMP- Certified Project Managers?
Salary expectations for project managers are high because of the complex nature of the work they do. In the United States, the typical annual income for a project manager was $108,200 in the most recent edition of PMI’s wage study. Shown below are the annual median wages, broken down by level of qualification and years of experience.
| Project Management Professional (PMP) | $111,000 |
| PMP with less than one year of experience | $95,000 |
| PMP between 1 to 5 years of experience | $104,000 |
| PMP with 5 to 10 years of experience | $120,000 |
| PMP with 10 to 20 years of experience | $124,000 |
| PMP with over 20 years of experience | $133,000 |
Robert Half’s 2018 Technology and IT Pay Guide also includes wage information for project managers, which is broken down into four levels according to level of experience and expertise:
- 25th percentile: $92,750
- 50th percentile: $110,000
- 75th percentile: $132,000
- 95th percentile: $156,000
Summary
Following these tips will help you earn a higher salary as a project manager. With the right skills, attitude, and organization, you can put yourself in a position for success. Good luck!