Is Project Management a high paying career choice?

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Yes. Project Management is a reasonably paying highly visible job

There are several reasons to choose a Project Management Career. Some of them are given below.

Large Demand

There are large demand for Project Managers.  Every company needs a project manager. All companies have ongoing projects and new projects. They need someone to take care of that.  Project Managers are in demand always. 

High Paying Job

Project Managers are relatively high paid employees.  They bring value to the project and to the organization.  Their salary and benefits are very attractive.  Average salary for project manager is around US$ 58,000 with a higher range upto US$140,000 and it varies from place to place every year.

High Visibility

Project Managers are highly visible in the company as they are running the projects. When the project is very important for the organization, then it attracts high visibility among the employees.  When the project hits success, the project manager becomes well known to the organization. The project managers get a chance to meet the executives and interact with them in the course of their jobs.

Social Status

Project managers have a high social status in the society.  Many non-profit organizations would like to bring in project managers for their volunteer work. 

Collaboration

Project managers are working with cross functional team members.  They bring every team member together to complete the project.  This allows them to collaborate with many different department employees.

Industry Independent

Project managers are needed for all industries.  The process for completing a project are the same. They follow the same process and functions. PMI has a PMBOK publication which is followed by all industries.  We often come across IT project managers and  Project Managers for construction industry, but in reality each and every industry needs project managers to complete any project in time and budget.

PMP Certification

This is an industry renowned certification accepted worldwide.  With proper experience and the certification, it’s easy to find a well paying project manager job.  Project Managers with PMP certification demand 20% more salary than others.

Job Satisfaction

When completing a project, the project manager gets good recognition.  This gives a great job satisfaction.  Sometimes the project is scrapped and the project manager has to move to another project.  They can use the experience from the previous projects and perform well.

Learning on the job     

There is something that we learn from all projects.  The projects demand new information and new skills to learn.  You may be managing a different set of project team members.  The project may use a new technology and it gives an opportunity to learn.  It opens up an opportunity to learn on the job and makes you more marketable.

Good Living

The project managers get well paid and it helps to have a nice family and raise them in a good neighborhood.  They can put their kids in a good school and give them a great education.

Leadership

Project Managers lead the team to complete the project in time and within budget.  They learn the leadership skills during their career.  They direct the team, schedule the task, assign to the right person, manage the budget, manage any existing and upcoming risks.  All these activities give them the opportunity to develop the leadership skills.  They motivate the team and usher the team to complete in time.

Promotional Chances

Project managers work on completing the projects successfully.  This success gives them the opportunity to demand promotional opportunities.  They are looked as reliable person for a senior position.  They are known to all senior management level due to their project success, it gives them the ability to interact with executives well.

Public Speakers

Project managers get the change to present their projects in meetings.  They initiate and conduct the project meetings.  They participate in group discussions and conference presentations.  This gives them the opportunity to learn and train in the public speaking skills.

Why study project management course?

Project management course will help you to understand what project managers are doing to complete the projects successfully. There are many online project management courses, which helps you to study from home. There are courses which trains to get PMP certification. It will help to have PMP certification to advance as project manager.

Conclusion

There are lot of rewards to get into Project Management career.  It’s a well satisfying career and it helps to serve the community as well.  All industries need project managers and a well respected career as well.