Career and Pay Scale of Product Manager in USA

Author: Intuitive Mind

Project Managers plan, execute and finalize projects according to the firm deadlines and budget. It includes acquiring resources and coordinating efforts of team members and third-party contractors and consultants so that they can deliver project according to the deadline. Project Manager defines and sets the objectives and oversees quality control throughout project. One should have a Bachelor degree to apply for the job of project management. Additional training is also valuable for this field to acquire a good position within a company. Years of experience will add more value to be a Project Manager in any field or industry.

The shiny, flashy positions of Project Manager may seem inviting, but everybody does not fit in these positions. These positions are not for everyone; so choosing the Project Manager career should not be taken lightly. This position sometimes becomes interesting, but sometimes greatly challenging. An ideal Project Manager should have the following characteristics to be successful:

  • 1- Likes to work with people/team
  • 2- Passionate about the project stuff
  • 3- Likes the challenges
  • 4- Thinks about the project from every possible angle
  • 5- Thrives on change

With everyday coming advancement and rapidly increasing demand of IT industry, project management careers are acquiring more scope in USA. Professionals of project management have a plenty of job opportunities and high pay scale in different locations of USA. Their experience and skills make a considerable rise in their average salaries mainly, but it may also fluctuate on many other factors. A good manager resume can take some bit out of it. Whatever the field or industry is, there are three types of Project Manager Positions:

  1. 1- Supportive Project Manager
  2. 2- Controlling Project Manager
  3. 3- Directive Project Manager

Majorly they are found in computer and IT, construction, and engineering industries. Their average annual salary rates under different industries are shown in the table below. All results are based on randomly collected data samples from different locations of USA.

Job Title

Salary Rate

Average

Project Manager (General)

$59,100 – $95,570

$77,335

IT Project Manager

$90,450 – $116,880

$103,710

Software Project Manager

$75,500 – $103,700

$98,600

Construction Project Manager

$63,650 – $99,750

$81,7000

The average of computer and IT field pay rates are much higher than the rest of others. It indicates that Project Managers have more sparkling scope in this field by the pay scale. They are also paid on basis of their years of experience. More years of experience fetch more average salaries to these professionals. Project Manager Salaries by the years of experience in USA can be estimated by the table below:

Job Title

Experience

Salary Rates

Project Manager

Less than 1 year

$51,200

1 – 4 years

$66,250

5 – 9 years

$81,025

10 – 19 years

$98,780

20 or more years

$111,810

Through different data samples based on different criteria, it is concluded that an average annual income of Project Manager is approximately $81,800 in any location of USA. High pay scale and good job conditions make it a dream of professionals to get in it. Their annual earnings are expected to rise in the coming years with the development of IT and other industries.