Research shows project management salaries growing despite recession

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Amid a global economic climate plagued by high unemployment and a continued lack of organisational resources, the Project Management Institute (PMI) has good news for job seekers and organisations.

According to the PMI Project Management Salary Survey – Sixth Edition, project managers, instead of suffering income losses like so many other professionals, are actually earning more than they were two years ago, before the worst of the recession hit.

Global median reaches US$90,260

How much more depends on location, experience, and certification level. Of the nearly 35,000 project management practitioners who responded to the survey, 51% reported an increase in their total compensation, with the global median salary reaching US$90,260.

Project Management Professional (PMP) credential holders earn upwards of US$10,000 more in certain countries than non-credential holders, with median salaries in the United States, Australia and Germany now exceeding US$100,000.

“Though the lessons learned from the downturn won’t be quickly forgotten, these numbers indicate that organisations are starting to get back on track and return to their pre-recession plans,” according to PMI chief executive and president Gregory Balestrero.

“In addition, they show that organisations are still willing and able to pay for top project management talent.
“This is great news for project managers who are looking to extend their careers with new skills, individuals who may be interested in a career change, and those who are coming out of school and considering what job would best suit their future goals.”

Created and conducted by PMI’s market research team, the PMI Project Management Salary Survey – Sixth Edition provides a comprehensive look at compensation in the global project management field, measuring salaries across eight major position description levels in 19 countries.

This latest edition of survey results, conducted in 2009, reflects a greatly increased sample size for more accurate data.
Surveyed countries include Australia, Germany, the United States, the United Kingdom, France, Canada, Japan, Italy, New Zealand, the UAE, Hong Kong, Saudi Arabia, Brazil, Singapore, South Korea, Mexico, India, Taiwan, and China.