Starting pay rate typically falls below the averages until you earn more experience, sharpen your skills, improve your performance and become a senior member of your team. Furthering your education is a great way to increase your salary potential.
Career outlook: is demand for project managers growing?
A 2017 report from the Project Management Institute (PMI) projects both global and domestic growth for jobs in project management. They found the demand for project-related workers could grow as much as 33% globally from 2017-2027. Much of this growth is expected internationally in developing economies—but prospects are also strong in the US.
The Bureau of Labor Statistics projects an increase in employment for several of the jobs listed above:
Projected employment increase from 2020-2030, BLS*
Project managers run projects and project teams. They help businesses keep track of multiple assignments, deliverables and deadlines. A project manager must excel as a communicator and motivator, able to juggle multiple tasks and keep cool under pressure.
Project managers can work in many different types of industries, including:
Herzing University exists to help you become possible. We can be your lifelong partner in learning from your first class in a bachelor’s degree program through your final MBA course. Take the first step to become a better you with Herzing University.
Discover the Herzing University project management program
* Bureau of Labor Statistics (BLS), U.S. Department of Labor, Occupational Outlook Handbook 2020. BLS estimates do not represent entry-level wages and/or salaries. Multiple factors, including prior experience, age, geography market in which you want to work and degree field, will affect career outcomes and earnings. Herzing neither represents that its graduates will earn the average salaries calculated by BLS for a particular job nor guarantees that graduation from its program will result in a job, promotion, salary increase or other career growth.