APM Industry Report: optimistic outlook for project managers
Learning People bring you top line from the APM 2021 project management industry report – providing continued optimism for the project professional sector…
What is the APM annual industry report?
The seventh APM annual Salary and Market Trends Survey took place between 2 and 30 November 2020 against a backdrop that few could have predicted 12 months before.
The APM worked with YouGov to design a survey to capture not only the facts and figures shaping the project management profession – from salary levels and age profile to project size and location – but also to create a snapshot of a profession dealing with the impact of a global pandemic.
What do project managers currently earn?
With varied skill sets being used to deliver time-critical projects even under the stress of the global pandemic, salaries for project managers have been appropriately rewarding. Starting salaries are still strong, with a variety of sectors seeing increased pay levels and the gender pay gap has shrunk to where it was in 2019.
Key project management salary stats*
- The average salary of a project professional is £47,500 per annum
- 49% earn more than £50,000
- Energy remains the highest average salary sector of £60,000
- 69% of regions experienced an average salary increase
- Portfolio managers saw a salary increase of £10,000
Average salary by working arrangement*
- Permanent employment £50,000
- Fixed-term contract £42,500
- Temporary contract £52,500
- Freelancer/consultant/self-employed £72,500
- Student (part-time/placement year) £17,000
APM Global Salary and Market Trends Survey 2021
In conclusion, project management has not only held its own in one of the toughest financial climates ever seen — it’s also proven its worth across the board by being rewarded with increased salaries. With almost half of all project management professionals now earning £50,000 or more, and those working in the sector for 2 years or less earning between 35k and 40k. The choice of a career in project management is more obvious than ever.
Which project management certification is right for me?
Learning People also provide project management certification from the following awarding bodies:
If you’d like to find out more about our full suite of project management certifications and how they can help you start, change or progress your career – speak with one of our dedicated project professional consultants today.