Sustainability Project Manager
Sustainability is no longer just a buzzword; it has now become an integral part of business practices worldwide. As sustainability initiatives continue to grow in importance, so do the roles of sustainability project managers. They are responsible for ensuring that businesses operate in a sustainable and environmentally conscious way while also adhering to their financial and strategic goals.
But what does a sustainability project manager salary look like in 2023? In this article, we will explore the typical salary of a sustainability project manager and what factors influence their pay.
The Role of a Sustainability Project Manager
Sustainability project managers work to develop and implement initiatives that promote environmental and financial sustainability within businesses. They are responsible for managing sustainability projects, including coordinating with cross-functional teams, conducting research, and creating strategies to achieve sustainable goals.
Sustainability project managers typically work with stakeholders across all departments, including procurement, production, marketing, and finance, to ensure the successful implementation of sustainability initiatives. They may also be tasked with training employees, monitoring progress, and reporting on success metrics.
Sustainability Project Manager Salary: Factors that Influence Pay
The salary of a sustainability project manager can vary depending on several factors, including experience, education, location, industry, and company size.
Experience
Like most positions, sustainability project manager salaries increase with experience. Entry-level sustainability project managers can expect to earn an average salary of $55,000 to $70,000 per year. However, with five to ten years of experience, the average salary can jump to $90,000 or more.
Education
Most sustainability project manager jobs require a bachelor’s degree in environmental science, sustainability, or a related field. However, some companies may prefer candidates with a master’s degree in business administration or sustainability. Having an advanced degree can increase a sustainability project manager’s earning potential by 10% to 20%.
Location
The location of a sustainability project manager’s job can influence their salary. In general, larger cities or areas with a higher cost of living may offer higher salaries. For example, a sustainability project manager working in San Francisco can earn up to $120,000 annually, while one working in Indianapolis may earn closer to $70,000.
Industry
The industry a sustainability project manager works in can also affect their salary. For example, sustainability project managers working in the technology or finance industries typically earn more than those in the retail or hospitality industries.
Company Size
The size of a company can impact the salary of a sustainability project manager. Larger organizations may offer higher salaries to attract top talent and to keep up with the competition. Smaller businesses, on the other hand, may offer lower salaries but may provide more opportunities for growth and advancement.
Current Trends in Sustainability Project Manager Salaries
As the importance of sustainability continues to grow, so does the demand for sustainability project managers. According to Glassdoor, the national average salary for a sustainability project manager is around $79,000 per year.
The COVID-19 pandemic has also influenced the salaries of sustainability project managers. The pandemic has caused many companies to prioritize sustainability initiatives in their recovery plans, driving up the demand for sustainability project managers. Some companies have also shifted to remote work, which has expanded the pool of potential candidates and may have increased competition for available positions.
In addition, sustainability project managers may see salary increases due to the recent push for a green economic recovery. The Biden administration has promised to invest heavily in sustainability initiatives, including clean energy and infrastructure. This investment can boost the demand for sustainability project managers, leading to an increase in salaries.
Conclusion
Sustainability project managers are crucial to the success of companies who want to implement environmentally conscious and financially sustainable practices. They must possess a diverse skill set, including project management, sustainability knowledge, and communication skills, and have the ability to work with teams across departments.
As businesses continue to prioritize sustainability initiatives, the demand for sustainability project managers is expected to increase, leading to higher salaries in the field. Keeping up with current trends and obtaining relevant education and experience can help sustainability project managers navigate this exciting and lucrative career path.