Average Salary With a Project Management Degree

With a project management degree, you can work in a number of different industries, taking leadership positions in order to help a team work together. With a master’s degree, you can make more money than if you just have a bachelor’s degree. In some cases, you’ll make more money than in others. Here’s the average salary you can expect with a project management degree.

Salary by Experience

Earning a master’s degree certainly gives you the potential to earn more as a project manager, but classroom education just can’t compete with real world experience. If you have a master’s degree, you can expect an average starting salary of about $54,000. As you work in the field, your salary will increase. Those with five to nine years of experience as a project manager make an average about $71,000 annually, and those with 10+ years of experience make an average of about $86,000 annually. Those with over twenty years of experience regularly make six-figure salaries.

Salary by Employer

As a project manager, you can work in a number of industries. Many people who earn project management master’s degrees have a bachelor’s degree in an area more closely related to their desired industry, such as engineering, business, or healthcare. You can also, in some cases, double major when you are in a master’s degree program, earning a degree that combines project management with your desired industry. Here are some of the salary rates you can expect based on industry:

  • Education: $64,985
  • Government: $72,165
  • Business: $75,886
  • Healthcare: $76,348

Project managers are needed in almost all industries, so look at the economic growth of an industry in general to determine whether there is the potential to make money as a project manager in the industry.

Other Factors Affecting Project Management Salary

When you have a project management role, other factors come into play as well when determining salary. This includes the type of employer hiring your, whether or not you have any professional certifications, your location, and the size of the project you’re managing. As a project manager, you may also get a bonus if you’re able to get the project completed on time and on budget, so this is a way to make more money. Most project management positions also come attached to benefits packages.

Guide to Masters in Project Management Degrees

Kaplan University MBA Project Management MS Project Management MS/IT – Project Mgmt Kaplan University – Kaplan University is an accredited online institutuion that offers various programs in project managment. These online programs allow you to complete the degree at a pace that is comfortable to you. You can choose from an MBA in Project Management, a MS in Project Management, and a MS in IT-Project Management.
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Norwich University MBA Project Management Norwich University – Norwich University is a world-renowned online institution that offers many affordable degree programs. Their MBA in Project Management degree program can be completed online at your leasure, and can quickly help you achieve your goals.
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Southern New Hampshire University MBA in Project Management Southern New Hampshire University – In the MBA in Project Management program from Southern New Hampshire University, students will learn the latest software used in the industry by even Fortune 500 companies. Students will also obtain non-technical skills like communication, organizational, and planning competencies to carry out expected duties.
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Ashford University MBA Project Management MA/OM – Project Management Ashford University – Ashford University is a highly regarded modern university that offers many convenient degree programs to choose from. Their MBA in Project Management and MA in Organizaitonal Management can be completed online and during your own time.
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