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Career Outlook: Project Management Jobs, Careers, and Salaries

A Career for a Collaborative World

Whether you’re just starting out in your career or you’re a veteran looking to add versatility to your professional career, project management is a strategic choice because it does more than strengthen your resume. It is adaptable across industries and supports leadership roles in business and beyond, where you can apply your skills to the betterment of your community and the people around you.

Everywhere it’s used, project management is a highly sought-after skill. Project managers work across functions to launch new products, develop new applications and technology, and implement new standards and practices that improve productivity and reduce inefficiencies. That's why project managers are in demand, highly paid, and employed in virtually all industries, from agriculture to aeronautics, banking to biomed, insurance to retail, and even zoology.

Project Manager Salary

According to the Project Management Institute’s most recent Salary Survey of nearly 10,000 project management practitioners in the United States, the median project manager salary in the U.S. was $108,200 in 2015. The survey also found that the Project Manager Professional (PMP) credential can significantly increase a project manager's salary.

Salaries for project managers can vary based on a number of different factors, including experience and the industry in which a project manager works. The 2015 PMI Salary Survey also revealed that the average project manager salary in the United States for master's degree holders was $113,000 compared to a median salary of $105,000 for project managers with a bachelor's degree from a four-year college or university. This means you stand to earn significantly more over your career as a project manager by obtaining a graduate-level degree or higher in project management or a related field of study. And because Saint Mary's M.S. in Project Management degree program is available entirely online, you can increase your earning potential as a project manager in your free time while you work and/or raise a family.

Project Management Career Outlook

According to the International Monetary Fund, the U.S. economy is expected to grow by 3 percent in 2015 and 2016. This would be the country's fastest growth within the past decade, and the demand for project managers is expected to increase as a result. According to PMI's Talent Gap Report, the demand for project management practitioners will expand by more than 12 percent through the year 2020, resulting in almost 6.2 million project management jobs in the United States.

The job outlook for project managers is bright, and a master's degree in project management from Saint Mary's University will position you to take advantage of the growing number of opportunities in the field.

What Can You Do with a Master's in Project Management?

No Matter what stage of your career you are currently in, our online master's in project management degree will enable you to become more effective in your professional endeavors and take on diverse roles and responsibilities as a project manager. Here's a sample of the project management career paths you can pursue with an M.S. in Project Management from Saint Mary's University:

  • Director of Project Management
  • Senior Project Manager
  • Associate Project Manager
  • Project Manager
  • Assistant Project Manager
  • Project Coordinator
  • New Product Development Manager
  • Process and Integration Manager
  • Systems Implementation Manager
  • Project Engineer
  • IT Project Manager
  • Engineering Project Manager
  • Insurance Claim Project Manager
  • Architectural Project Manager
  • Construction Project Manager
  • Real Estate Project Manager
  • Pharmaceutical Project Manager
  • Manufacturing Project Manager
  • Operations Project Manager
  • Site Manager
  • Project Leader
  • Technical Project Manager
  • Business Project Manager
  • Development Project Manager
  • Risk Project Manager

Below is industry information about various careers in Project Management according to the Bureau of Labor Statistics:

Want to learn how to get into project management? Request a free brochure or call 877-308-9954 to speak to an enrollment counselor to find out how the online Master’s in Project Management from Saint Mary’s can benefit your career.

References:

1 Project Management Institute. “Research Shows Project Management Salaries are Growing, Despite Recession,” published April 19, 2010, accessed 2/15/2011, http://www.prnewswire.com/news-releases/research-shows-project-management-salaries-are-growing-despite-recession-91456244.html