When we discuss potential positions in the workplace, we often skim through or are unaware of a large number of opportunities that are out there. Yes, there are plenty of jobs that don’t require a college degree, but employers prefer people with a degree for certain types of jobs.
One of these jobs is the position as a project manager which is a very versatile position and there are thousands of companies looking for someone to manage their projects. For that reason, in this article Brian Setencich will be discussing this topic and providing a list of the five highest paid project management jobs available.
By definition, project management is the planning, initiating, executing, and controlling of projects to achieve a goal or multiple goals within a given time frame for a group or an individual.
The main challenge a project manager faces is being able to deliver the project, and meet the goals within the given time frame and staying within budget in order to maximize the return on investment of the business or project owner.
In large companies, there can be tens or even hundreds of project managers each having to control a section of a project. For example, the space exploration company, SpaceX, requires a group of extremely efficient, organized, experienced, and intelligent managers if their space missions are to be a success.
So if you want to be a project manager, but would like to know how much money you will be making, here are five of the highest paid project management jobs you can look further into:
1) Director of a project management office: The median salary for this position is $140,000 and the role is being in charge of the overall project management strategy of a corporation. This means you will be in charge of other project managers and responsible for the management of resources and personnel for all of the company’s projects for the length of your term.
2) Portfolio Manager: The median salary for this position is $134,000 and the position is very similar to the one mentioned previously, except that in this case, the manager is only responsible for the oversight.
3) Program Manager: The median salary for this position is $121,000 and differs from the previous two positions because a program manager is only responsible for managing and delivering on specific projects, as opposed to creating, managing, AND working on them.
4) Project Manager III: The median salary for this position is $111,000 and can also be referred to as Senior Project Manager or Internal Project Manager. The role of this position is to manage specific projects and report to either the program manager or the two positions above that.
5) Project Management Consultant: The median salary for this position is $115,000 and is different from the previous four positions because a consultant can work for different companies for different periods of time.
If you’re looking for flexibility and not being stuck with one company, this is the best thing to do. Becoming a consultant provides you with more freedom, and the pay is very close to the other project management positions listed.
In conclusion, in this article, we discussed the topic of project management jobs and provided a list of five of the highest paying jobs within this category. If you would like to learn more about each one and to look for a position in the nearby future, you should contact a headhunter to connect you with the best companies which can result in landing one of these jobs.